1 EXHIBIT 4.5 PARTNERSHIP GUARANTEE AGREEMENT ENRON PREFERRED FUNDING, L.P. DATED AS OF NOVEMBER 21, 1996 ================================================= =============================== 2 PARTNERSHIP GUARANTEE AGREEMENT This PARTNERSHIP GUARANTEE...Partnership Guarantee Agreement • March 28th, 1997 • Enron Capital Trust I • Wholesale-petroleum & petroleum products (no bulk stations) • New York
