The ldquoTransfermatrix-Methodrdquo [1, 2] is applied to an Ising-spinglass-model on the square lattice with nearest neighbor interactionsJ 1 positive and next nearest neighbor interactionsJ 2 negative, when a fraction 1-x of the spins is removed at random. An example for this model is Eu x Sr1-x S [3, 4]. The question concerning the existence of a springlass-phase is not yet clarified. Investigation of the correlation function langs 0sRrang2 (correlation between two spins with distanceR), which is related to the Edwards-Anderson-orderparameter shows in the present work evidence against a spinglass-phase at finiteT. Analogous to the more common ldquo±J-modelrdquo (competing nearest neighbor interactions at random) a phase transition should only occur atT=0.