Jeff and Carol, as you know we are doing everything possible to launch this
service on August 1st, so please let me know how can I help you, and I'll be
there...Thanks and regards.

From: Mark Taylor@ECT on 06/20/2000 07:45 PM
To: Jeff Blumenthal/HOU/ECT@ECT
cc: Carol St Clair/HOU/ECT@ECT, Jaime Williams/NA/Enron@ENRON, Mario Parra
Cardoso/Corp/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT

Subject: Re: Online Issues - Mexico

Jeff & Carol:

As you work through these issues, please remember that even though the Mexico
commercial group may not plan to offer many of their own products and may not
expect many other products to appeal to their customers, the EnronOnline
people will expect all products listed online to be available unless we can
articulate a compelling reason to restrict them.

Mark

	Jeff Blumenthal
	06/20/2000 11:53 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Jaime Williams/NA/Enron@ENRON, Mario Parra
Cardoso/Corp/Enron@Enron
		 Subject: Re: Online Issues - Mexico

Carol,

I've been working with Jaime Williams and our outside tax advisors to
determine the Mexican tax consequences applicable to those products that
Jaime has informed me will be offered to Mexican counterparties through
EnronOnLine and, potentially, a separate ENA Mexican entity.  I should be
able to provide the results by Friday or Monday.  Please contact me at ext.
35777 if you'd like to discuss in the meantime.

Best regards,

Jeff

   Carol St Clair                06/20/2000 11:15 AM

To: Jeff Blumenthal/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
Subject: Online Issues - Mexico

Jeff:
As I think you are aware, the Meixco and online group want to implement
online trading for Mexican counterparties.  Are there any tax issues taht we
should be aware of?  If we conduct online trades using ENA and telephone
trades with an Enron Mexican entity, will the exercise of setoff rights
create any tax issues?   My understanding is that the Enron counterparty will
be ENA.
Carol


Thank you for your email.
I look forward to hearing from you.

Sincerely,
Rajnish

On Tue, 24 Oct 2000 Vince.J.Kaminski@enron.com wrote:

>
> Rajnish,
>
> We shall invite you for  an interview in Houston.
>
> Vince
>
>
>
>
>
>
> Rajnish Kamat <kamat@ieor.berkeley.edu> on 10/23/2000 07:55:31 PM
>
> To:   vkamins@enron.com
> cc:
> Subject:  UC-Berkeley Graduate Student
>
>
> Dr. Vincent Kaminski
> Managing Director and Head of Research
> Enron Corp.
>
> Dear Dr. Kaminski,
> It was a pleasure talking with you and attending your talk today.
> I am a graduate student in Industrial Engg. and Operations
> Research working with Prof. Shmuel Oren
> on topics in financial instrument pricing and design of
> contracts in deregulated electricity markets. I am also
> doing research in auction models and computable equilibrium
> models with applications in electricity market design.
>
> I am planning to graduate with a Ph.D. in May 2001 and would
> appreciate hearing about any opportunities in your group at Enron.
> I am attaching at copy of my resume (file: cvrkamat.doc) for your perusal.
>
> Thanking you,
> Sincerely,
>
> Rajnish Kamat
> Graduate Student
> IEOR, UC-Berkeley
>
> 4135, Etcheverry Hall
> Dept. of Industrial Engineering and Operations Research
> University of California at Berkeley
> Berkeley, CA, 94710
>
> (See attached file: CVRKAMAT.DOC)
>
>
>


Kevin,

This has to be one of the *ugly* games of the year.  The only saving
grace (and it isn't much of one either) is that the winner gets to say
they won their last game.  For Cal, that would be their only win.  I'm
going to be in OC at my in-laws, and I'm going to try to get an Internet
broadcast.

If Rutgers wins, I'll buy you a drink the next time I see you (actually
I'll buy you a drink regardless).

Hi to Lisa - hope you guys have a Happy Thanksgiving.

Tim Sarhatt
Comprehensive Financial Management
(408) 358-3316
(408) 358-2487  fax


Friends don't let friends take home ugly men
-------Women's restroom, Starboard, Dewey
Beach, DE

Remember, it's not, "How high are you?" its
"Hi, how are you?"
-------Rest stop off Route 81, West Virginia

No matter how good she looks, some other guy
is sick and tired
of putting up with her shit.
-----Men's Room, Linda's Bar and Grill,
Chapel Hill, N. Carolina

A Woman's Rule of Thumb: If it has tires or
testicles, you're
going to have trouble with it.
-------Women's restroom, Dick's Last Resort,
Dallas,Texas

Express Lane: Five beers or less.
-Sign over one of the urinals, Ed Debevic's,
Beverly Hills, CA

You're too good for him.
-Sign over mirror Women's room, Ed Debevics,
Beverly Hills, CA

No wonder you always go home alone.
  -Sign over mirror in Men's room, Ed Debevic's, Beverly
Hills, CA

The best way to a man's heart is to saw his breast
plate open.
-------Women's restroom, Murphy's, Champaign, IL

If you voted for Clinton in the last election, you
can't take
a dump here. Your asshole is in Washington.
-------Men's room Outback Steakhouse, Tacoma,
Washington

Beauty is only a light switch away.
-------Perkins Library, Duke University, Durham, North
Carolina

If life is a waste of time, and time is a waste of
life, then
let's all get wasted together and have the time of our
lives.
-------Armand's Pizza, Washington, D.C.

Don't trust anything that bleeds for 5 days and
doesn't die.
-------Men's restroom, Murphy's, Champaign, IL

What are you looking up on the wall for? The joke is
in
your hands.
-------Men's restroom, Lynagh's, Lexington, KY


Mari:

Here's the contact list Sally asked I forward to you.

Christina Valdez
Asst. to Sally Beck
713.853.9106


To confirm our meeting, in order of timing and/or commitment size priority, we need a summary of the following:

1.  What is the actual amount of the funding commitment, including the amount funded to date?

2.  When is the funding commitment required?

3.  What is the nature of the funding commitment - firm, or non-firm but advisable (and if so why)?

4.  What are the consequences of not funding from a business or project perspective?

5.  What are the consequences of not funding from a legal perspective, including any limited liability/spe protection?

Teresa and I should be able to fill in 5 once we have the answers on 1-4.

Teresa will you please work on outlining 5 in the interim.

Timing obviously depends on when the amounts are required, and the sooner the better.  It would be helpful if we could have something by Thursday evening latest.  Suffice to say, John will not be predisposed to fund these unless he understands the nature of the obligations.

Greatly appreciated.  Peter.


yeah! it IS you.

and alaska in july with rodney yee! i'm jealous. i haven't taken a class
with him, but many months ago i checked out some of his videos from the
public library. i don't use the videos anymore, given that i like going to
actual classes so much more, but it was a good way to ease back into
practicing. i would love to take a class with him. whenever i check the
schedule for piedmont yoga though, he's off in some far-flung place. maybe
i'll just have to do one of the workshops with him someday...when exactly is
the one in alaska?

here, i usually go to the mill valley yoga studio, which is close to my
house. there are 2 teachers there who i really like. they're very different,
which is part of what i like. one sounds like your portland teacher. the
other is more gentle. there's also another one who is such a lively spirit
that her classes are fun and invigorating, even if less focused or rigorous.

it sounds like you've gotten quite serious about yoga. do you practice every
day?

my brother scott (who i think you met once) also does a lot of yoga. now
that he's moved back here from new mexico, after a sad divorce, i'm always
trying to get him to talk with some of the cute, sexy women in the yoga
classes, but, like you, he's very  shy....

speaking of which, being "a fool" is a good thing in my book, if by that you
mean romantic and dreamy. but just remember, bold fools have more fun. do
you remember that borges poem i had on my desk? the one that started (in
translation): "if i had my life to live over again, i'd make more
mistakes..." and then there's goethe, who wrote the oft-quoted:  "whatever
you dream you can do, begin it. boldness has genuis, power and magic in it.
begin it now."

anyway...i'm babbling, as i'm prone to do. i'll write again soon and promise
to answer more of your questions (i.e. about my work, jake's activities,
etc.). in the meantime, i need to get back to work.

i will definitely stay in touch. we miss seeing you too. wouldn't it be
great to have dinner again at that old picnic table outside, overlooking a
garden in its prime? (to answer one more question, i do have a garden now, a
small one, but it's in shade much of the day, so it's full of flowers rather
than veggies. it's also got a large redwood and an inviting hammock
underneath. and this time, instead of lily the dog as frequent visitor, we
get oscar the cat).

keep watering those plants.

=)

love,

jules

-----Original Message-----
From: Cooper.Richey@enron.com [mailto:Cooper.Richey@enron.com]
Sent: Thursday, June 21, 2001 2:41 PM
To: Julie Greenberg
Subject: RE: are you there?

Jules!

it's great to hear from you.  i sometimes wonder what you and jake are up
to - i'm happy you got in touch.

ahhhh, the flowergirl - she still brings a smile to my face.  (heh heh.
i'm still a fool, if you're wondering.)

I'm in Calgary - unfortunately not close to Vancouver. it is near banff
though, if you're coming up and have some time to spend.  is the ironman in
vancouver?  when?  sounds tough.

what are you up to?  What is WRHambrecht? financial?  are you still
editing? or writing?

Is Jake still working on New Mexico public land etc. for his dissertation?
wish i could have you guys over for dinner and catch up.  i make it down to
the bay area every once in awhile and will have to look you up next time.

yoga has been good!  i've been doing almost entirely ashtanga lately,
mostly because i haven't found a good teacher up here - i find ashtanga
very tolerant of mediocre teaching.  I found a great teacher in Portland -
I think you would have dug her as she reminds me of you, come to think of
it.  Not like any yoga I've taken in the past.  very hard.  she was a rock
climber and distilled classes into really difficult and subtlely spiritual
journeys.  we would try some really hard poses - like scorpion.  and
handstands with pushups while you're vertical.  lots of pranayama.  she was
one of these yogis who is 50 and looks like 30.  where are you taking yoga
down there?

remember rodney yee?  i'm going up to homer, alaska for a weekend retreat
in july with him.  i'm stoked.  probably spend a week up there, not sure
what i'm going to do.

i miss california.  it's a special place. i really miss the cheese board.
i learned alot from you and jake and wish i still saw you.

i like calgary.  it's sort of a man's town - like most midwestern towns. i
don't think i fit in particularly well, but...
not sure i would settle down here, but it's a pleasant place to spend some
time.  the winters are brutal and the summers are glorious.  unfortunately,
we had a really shitty ski season last year.  i had my hopes set on
learning to telemark, but it didn't work out.  canadians are great.  they
like to dis americans, but then who doesn't?

working at Enron has been good so far.  it's odd to look back at working at
the lab - i miss that time.  it would be especially fun to work there now
with all the focus on energy, although GW in the white house would make it
difficult.  like calgary, i'm not sure i'm comfortable settling down with
Enron, but it's been worthwhile so far - not at all what i expected.  when
i started, no one knew what pknow what is going on and what exactly these
corporations are up to.  i usedower trading was about and now that it's in
the news, even my mom wants to  to spend alot of time analyzing the
california power market and it was like watching a trainwreck in slow
motion.  i spend alot of time now staring at numbers.  kind of a weird
existence.  can't attach alot of meaning to it, but it's challenging and
satisfying.

well, it's great to hear from you after all this time.  do you have a
garden now?  i've never had a garden like the one we had up on maybeck.
i'm trying to grow some plants now, but it's tough in the middle of the
city.

keep in touch!  and say hi to jake for me.

cooper

    -----Original Message-----
   From:   Julie Greenberg <jgreenberg@WRHambrecht.com>@ENRON

[mailto:IMCEANOTES-Julie+20Greenberg+20+3Cjgreenberg+40WRHambrecht+2Ecom+3E+
40ENRON@ENRON.com]

   Sent:   Thursday, June 21, 2001 2:51 PM
   To:     Richey, Cooper
   Subject:  are you there?

   cooper? is that you?

   remember me? jules....you know, the housemate who used to tease you
   about
   asking out the flowerstand gal?

   i saw elliott mainzer a couple of days ago at a fundraiser for league of
   conservation voters and was very happy to hear news of you. he told me
   you
   moved to canada, that you've become a "super-analyst," and that you do a
   lot
   of yoga. sounds pretty good, especially the yoga part. i started up
   again a
   few months ago and feel so grateful for every class i take. i absolutely
   love it. even jake is starting to go once in a while, when he can fit it
   in,
   in between trying to finish up his dissertation and training for the
   canadian ironman.

   speaking of canada, which city are you in? anywhere near vancouver?

   if this gets to you, let me know and i'll write more.

   i hope all's well with you.

   cheers,

   jules

   p.s. happy summer solstice. i hope you get the chance to get outside and
   enjoy the long evening. i plan to celebrate by mountain-biking up and
   around
   mt.tam.

****************************************************************************
   IMPORTANT NOTICES:

****************************************************************************
   This message is intended only for the addressee. Please notify the
   sender
   by e-mail if you are not the intended recipient. If you are not the
   intended recipient, you may not copy, disclose, or distribute this
   message or its content to any other person and any such actions may be
   unlawful.  Electronic mail sent through the Internet is not secure.
   WR Hambrecht + Co (WRH) does not accept time sensitive, action-oriented
   messages or transaction orders, including orders to purchase or sell
   securities, via e-mail.

   WRH reserves the right to monitor and review the content of all messages
   sent to or from this e-mail address. Messages sent to or from this
   e-mail
   address may be stored on the WRH e-mail system.

****************************************************************************

****************************************************************************
IMPORTANT NOTICES:
****************************************************************************
This message is intended only for the addressee. Please notify the sender
by e-mail if you are not the intended recipient. If you are not the
intended recipient, you may not copy, disclose, or distribute this
message or its content to any other person and any such actions may be
unlawful.  Electronic mail sent through the Internet is not secure.
WR Hambrecht + Co (WRH) does not accept time sensitive, action-oriented
messages or transaction orders, including orders to purchase or sell
securities, via e-mail.

WRH reserves the right to monitor and review the content of all messages
sent to or from this e-mail address. Messages sent to or from this e-mail
address may be stored on the WRH e-mail system.
****************************************************************************


Shawn McGovern 7497, Ken Skaer 7449


Ted:  Later this morning, we will be sending the Goldman electronic agreement
for execution.  Harry Arora will be the only "trader" authorized to receive a
password for ENA.  We will ask Harry to advise us when he is finished and can
then terminate (if we wish) once Harry has reviewed the website for Enron
Networks.  Thanks.  Sara


If you want to pick up a player - you need to let me know by today - b/c I
will be on vacation tomorrow.


Ah...mouth meat. Sounds like that needs to be added to the menu along
with the heart and other various and sundry entrails. Raw or cooked...it
JUST DOESN'T MATTER.

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Thursday, January 03, 2002 1:33 PM
To: Brian Constantine; Erik Wollam; knipe3@msn.com;
jparks1@houston.rr.com
Subject: RE: Ought 2

made with meat from around the mouth?

-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Thursday, January 03, 2002 1:32 PM
To: Parks, Joe; Erik Wollam; knipe3@msn.com; jparks1@houston.rr.com
Subject: RE: Ought 2

Correct...what is a mouth burger?

-----Original Message-----
From: Parks, Joe [mailto:Joe.Parks@ENRON.com]
Sent: Thursday, January 03, 2002 1:25 PM
To: Brian Constantine; Erik Wollam; knipe3@msn.com;
jparks1@houston.rr.com
Subject: RE: Ought 2

you know its a mouth burger, boca is spanish for mouth

-----Original Message-----
From: Brian Constantine [mailto:brianc@saltgrass.com]
Sent: Thursday, January 03, 2002 12:52 PM
To: Erik Wollam; knipe3@msn.com; jparks1@houston.rr.com; Parks, Joe
Subject: RE: Ought 2

Could someone explain to me what a boca burger is?

-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Thursday, January 03, 2002 10:38 AM
To: knipe3@msn.com; jparks1@houston.rr.com; Brian Constantine;
joe.parks@enron.com
Subject: Re: Ought 2

I'll take care of all Henry items on my own. (Milk, hot dogs/boca
burger/juice) Just make sure there is a loaf of bread so I can make him
peanut butter sandwiches.
Pecan Pie?? yes.
Fruit?? a half dozen good apples.
Skip the baileys (i'm sure joe will agree) there may be some left.
No need for gatorade, water and beer and scotch is all i need. No juice,
we
can steal some of Henry's.

>From: "chad knipe" <knipe3@msn.com>
>To: "EriK Wollam" <erwollam@hotmail.com>, "Joe Parks"
><jparks1@houston.rr.com>, "Chet Fenner" <chet_fenner@bmc.com>, "Brian
>Constantine" <brianc@saltgrass.com>, "Joe Parks" <joe.parks@enron.com>,

>"Brian & Terry Constantine" <btconstantine@aol.com>
>Subject: Re: Ought 2
>Date: Thu, 3 Jan 2002 09:37:08 -0600
>
>I will go to store:
>
>Fri a.m./day: Starbucks, Rudy's, urinate, aforementioned can beer(not
>driving), urinate, urinate again at gate, go sleep in stand.
>Fri p.m.: Lasagna, pre-packed salad, beer,red wine, scotch--take out of

>frezer tonight(Thur) to begin thawing process.
>Sat a.m.: Egg goop, coffee, beer, toilet paper,pudding---will also get
some
>sort of sugared loaf item.
>Sat day: Tort Chips, I'll get wife to pre-make queso, bread/meated
items,
>beer,pudding
>Sat p.m.:  Steaks OK with everyone? Organ Meat? Baked potatoes
>w/fixins?beer,red wine, scotch. Suggestions.
>Sun a.m.: coffee,whatever is left, pudding
>
>Suggestions: Gatorade, juice, pseudo-Baileys,fruit, shit tickets, PECAN

>PIE??.   Erik-- any Henry related items needed??
>
>PIG: What $$ do I owe you? ....borrowed $10 at Midway, Keg $, What
else? Do
>I owe anyone else?
>
>----- Original Message -----
>From: Erik Wollam
>Sent: Thursday, January 03, 2002 8:58 AM
>To: knipe3@msn.com; jparks1@houston.rr.com; chet_fenner@bmc.com;
>brianc@saltgrass.com; joe.parks@enron.com; btconstantine@aol.com
>Subject: Re: Ought 2
>
>Food: I have a deer sausage lagsana frozen and ready to go. That takes
care
>of dinner one night. If we want steaks for second night, I'm ok with
that.
>Chad, its your turn to go to the groc. We have yet to even up for the
>season
>as far as I know B still needs to get even on Keg 1 and 2 and whatever
food
>from last trip. I've got about 70 into the thanksgiving food trip.
>
>I think there is plenty of keg beer left, but, i have some canned bud
light
>i can bring just in case. no need to buy more. I don't know the scotch
>status, but i think there is plenty left. I can bring a back up bottle
from
>the house.
>
>Chad if you are doing the shopping, plan on breakfast/lunch for 2
mornings
>(your stuff and a breakfast roll), small amount of sandwich meat and
bread,
>sides for dinners (if wanted...salad)chips and velveta ( there is
plenty of
>salsa I believe).
>
>We do not need to worry about ice, couple of bags should do. temps will
>allow hanging of game.
>
>really would prefer am depart tomarrow. e.
>
>
> >From: "chad knipe" <knipe3@msn.com>
> >To: "Joe Parks" <jparks1@houston.rr.com>, "Chet Fenner"
> ><chet_fenner@bmc.com>, "EriK Wollam" <erwollam@hotmail.com>, "Brian
> >Constantine" <brianc@saltgrass.com>, "Joe Parks"
<joe.parks@enron.com>,
> >"Brian & Terry Constantine" <btconstantine@aol.com>
> >Subject: Re: Ought 2
> >Date: Thu, 3 Jan 2002 07:49:50 -0600
> >
> >Not too worried about oven bugs--hospitals sterilize at about 270
>deg.--if
> >I remember the thermostat doesnt work and that oven runs at about 800

>deg.
> >
> >Departure: E says he is better off leaving Fri a.m.(4 hunts) w/ Sun
>return.
> >  I was thinking Fri p.m. for more relaxed Monday return(4
hunts)--I'm OK
> >either way, but I need to let John know if I'm out Fri or Mon.
> >
> >C.
> >
> >----- Original Message -----
> >From: Joe Parks
> >Sent: Thursday, January 03, 2002 7:32 AM
> >To: chad knipe; Chet Fenner; EriK Wollam; Brian Constantine; Joe
Parks;
> >Brian & Terry Constantine
> >Subject: Re: Ought 2
> >
> >dont for get about the oven issues on the heating of the egg fest.
dont
> >need any weird viruses.
> >
> >What time are we leaving?
> >Chad reply to joe.parks@enron.com yes i have to go to work. shit!
> >----- Original Message -----
> >From: chad knipe
> >To: Chet Fenner ; EriK Wollam ; Brian Constantine ; Joe Parks ; Joe
Parks
>;
> >Brian & Terry Constantine
> >Sent: Wednesday, January 02, 2002 10:47 PM
> >Subject: Re: Ought 2
> >
> >
> >I think I remember promising to eat dead, raw heart
> >meat...........a..an..and ..I'll
> >do it man !!!
> >
> >Most importantly, how did ya'll leave the keg last time--I damn sure
>don't
> >want to show up Fri. p.m. after being "IN" for four hours and have
>nuthin'
> >but a cup of dust waiting!!
> >Lets plan ahead on the Al K. Hall issue, remember I'm drinking for
two
> >now..(Pig and I).
> >
> >Food Issue:  Just because Piggy ain't cookin' doesn't mean we have to
eat
> >like alternate/persons.  I say we do it right at least on Sat
> >night.(i.e.ribeyes.......)
> >Sat. a.m.: I made a Mex. egg/cheese/& stuff casserole for x-mas
morning
> >that was pretty damn good---I can pre-make it and all we have to do
is
>heat
> >& eat.
> >
> >...other than that: Scotch, coffee, and firearms.
> >
> >My $.02
> >
> >C.
> >
> >----- Original Message -----
> >From: Fenner, Chet
> >Sent: Wednesday, January 02, 2002 3:09 PM
> >To: 'Erik Wollam'; brianc@saltgrass.com; knipe3@msn.com; Fenner,
Chet;
> >joe.parks@enron.com; jparks1@houston.rr.com; btconstantine@aol.com
> >Subject: RE: Ought 2
> >
> >Can't "pull-off" this weekend.  Libby, Libby, Libby on the label,
label,
> >label is coming in this weekend w/ the boys for a belated xmas
gathering
> >and
> >have a party planned.  Or, maybe it's just that I don't want to be
forced
> >to
> >eat more heart-meat.
> >
> >-----Original Message-----
> >From: Erik Wollam [mailto:erwollam@hotmail.com]
> >Sent: Wednesday, January 02, 2002 2:52 PM
> >To: brianc@saltgrass.com; knipe3@msn.com; chet_fenner@bmc.com;
> >joe.parks@enron.com; jparks1@houston.rr.com; btconstantine@aol.com
> >Subject: RE: Ought 2
> >
> >
> >As far as I know, Chad, Joe, Erik and Henry going. Either Friday am
to
> >sunday pm or friday pm to monday am. I have invited Chet and not
heard
>from
> >him. Chris McComb cannot go. Kieth cannot go and has not been despite
> >planning on going the last two weekends. He intends to go during the
> >extended doe and spike season.
> >No other guests invited.
> >Are you planning on going???????
> >Don't know about Jim McComb. e.
> >
> >
> > >From: "Brian Constantine" <brianc@saltgrass.com>
> > >To: "chad knipe" <knipe3@msn.com>, "Chet Fenner"
<chet_fenner@bmc.com>,
> > >"Joe Parks" <joe.parks@enron.com>, "Joe Parks"
><jparks1@houston.rr.com>,
> > >"EriK Wollam" <erwollam@hotmail.com>, "Brian & Terry Constantine"
> > ><btconstantine@aol.com>
> > >Subject: RE: Ought 2
> > >Date: Wed, 2 Jan 2002 14:43:50 -0600
> > >
> > >OK...who's gonna go "Man Off" in Schleicher County this weekend?
Roll
> > >Call please. Anyone taking any "guests" to  help "downsize the
herd" ?
> > >
> > >-----Original Message-----
> > >From: chad knipe [mailto:knipe3@msn.com]
> > >Sent: Monday, December 31, 2001 11:21 PM
> > >To: Chet Fenner; Joe Parks; Joe Parks; EriK Wollam; Brian
Constantine;
> > >Brian & Terry Constantine
> > >Subject: Ought 2
> > >
> > >
> > >Happy New Year '02 boyz!!!!
> >
> >
> >
> >
> >_________________________________________________________________
> >Join the world's largest e-mail service with MSN Hotmail.
> >http://www.hotmail.com
>
>
>
>
>_________________________________________________________________
>Send and receive Hotmail on your mobile device: http://mobile.msn.com

_________________________________________________________________
MSN Photos is the easiest way to share and print your photos:
http://photos.msn.com/support/worldwide.aspx

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure
by others is strictly prohibited. If you are not the intended recipient
(or authorized to receive for the recipient), please contact the sender
or reply to Enron Corp. at enron.messaging.administration@enron.com and
delete all copies of the message. This e-mail (and any attachments
hereto) are not intended to be an offer (or an acceptance) and do not
create or evidence a binding and enforceable contract between Enron
Corp. (or any of its affiliates) and the intended recipient or any other
party, and may not be relied on by anyone as the basis of a contract by
estoppel or otherwise. Thank you.
**********************************************************************


Doug, I believe this invoice from Consumers should be paid by CES.  Cora gave
a description of the invoice below.  Let me know what you think.

Thanks
---------------------- Forwarded by Chris Germany/HOU/ECT on 05/08/2000 07:36
AM ---------------------------

Cora Pendergrass@ENRON
05/05/2000 08:11 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Consumers Energy

The title transfer fee is much like Michcon's in that if you move gas from
one marketer to another such as Columbia Energy Services to TXU instead of
nominating directly to the end user themselves they charge you a title
transfer fee.  TXU is the agent for Dahlmer Chrysler who is CES' end user
customer.  Therefore if Columbia were able to nominate from their pool
DIRECTLY to Dahlmer Chysler  they would not be charged the title transfer
fee.   However since TXU is there agent and CES has to nominate to TXU
(marketer to marketer) they are charge the fee.


-----Original Message-----
From: 	Bradford, William S.
Sent:	Thursday, August 30, 2001 8:38 AM
To:	Vanek, Darren; Smith, Matt
Cc:	Rohauer, Tanya; Williams, Jason R (Credit); Allen, Phillip K.
Subject:	RE: Nine Energy Services

Matt,

Please stop doing trades without approval.  Please advise why this is so difficult for you.

Thanks,
Bill

 -----Original Message-----
From: 	Vanek, Darren
Sent:	Wednesday, August 29, 2001 7:01 PM
To:	Smith, Matt
Cc:	Bradford, William S.; Rohauer, Tanya; Williams, Jason R (Credit)
Subject:	Nine Energy Services

Matt,
As we discussed several times previously, including earlier this week, Nine Energy Services LLC is a CREDIT WATCH COUNTERPARTY and a WMBE (Women and Minority owned Business Enterprises), which means that ALL trades need to be approved by Credit and documented with a Resale Agreement. Every time we transact, ENA's Confirmation Group needs to know from whom to expect payment, i.e. San Diego Gas & Electric. The nature of the transaction exposes ENA to secondary risk with the ultimate counterparty. On another note, some transactions COULD be declined by Credit due to direct exposure/risk that the ENA has with the Counterparty, outside of any WMBE Transactions.

Sitara Deal Number 1014433 was another violation of Corporate Credit Policy. In the future, please contact Credit before transacting with any Credit Watch Counterparty.

-Darren Vanek


Market Participants:

Please assure that this Notification is forwarded to your respective
Operating Departments ---

Notification of Operating Procedure Update

*	The following new or revised ISO Operating Procedures have been
implemented and are posted for reference on the ISO Website.

ISO Operating Procedure posted:  M-426 Ancillary Service Availability
Validation
Version: 1.1
Effective Date: 1/8/02
Procedure Purpose: This procedure ensures Ancillary Services are not
procured from resources that are out-of-service due to planned Outage or
Forced Outage.
Summary of changes: Modified procedure to reflect automatic update for
outage Scheduler.

*	Please find them at
http://www1.caiso.com/thegrid/operations/opsdoc/index.html under the
appropriate Operating Procedure section heading.

Please e-mail any comments or questions to the 'Procedure Control Desk'
mailbox [mailto:procctrldesk@caiso.com] and we will respond as soon as
possible.

Thank you!

California ISO Procedure Control Desk

Client Relations Communications.0921
CRCommunications@caiso.com


As we discussed, attached is a draft of the Letter Agreement which contains
our proposed revisions (it should appear in black-lined format).  Sorry for
my delay in responding.  Hopefully, this gets us close.  Thanks for your
help.

(See attached file: CMS Capacity Release Letter 5-23-01.doc)
 - CMS Capacity Release Letter 5-23-01.doc


If you need anything else, please don't hesitate to call.

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/06/2001 04:40 PM -----

	Margaret Carson 03/06/2001 04:10 PM 	   To: Louise Kitchen/HOU/ECT@ECT  cc: James D Steffes/NA/Enron@Enron  Subject: HERE ARE RESPONSES TO YOUR QUESTION LISTS

Let me know if you need  more...  Marg.


I have looked at the policy and have no major issue with it, except to the extent that it may be either duplicative or different from policies that Corp. is looking to implement.

I agree with Paul's approach on the practice aspect as well as the statement that management will take reasonable steps to look for their unaccounted-for personnel.

Paul, it might make sense for you to talk with Robert Jones and David Oxley, who are looking at overall security issues in the wake of the terrorist attacks.

Michelle

 -----Original Message-----
From: 	Trieschman, Paul
Sent:	Monday, October 08, 2001 3:43 PM
To:	Schuler, Lance (Legal); Cash, Michelle
Subject:	RE: Emergency Check In Policy

Can't this be communicated as a simple Field Ops "practice" going forward instead of Policy? I'd rather see it be sold as  "this makes sense for all of us to do" vs. "do this because it is Policy" Additionally, what will be the consequences for not adhering to policy? Shouldn't we also state management will proactively track down their employees and together we will account for everyone's safety.

 -----Original Message-----
From: 	Schuler, Lance (Legal)
Sent:	Monday, October 08, 2001 2:14 PM
To:	Trieschman, Paul; Cash, Michelle
Subject:	FW: Emergency Check In Policy

I would appreciate your review of the policy set out below.  As you can see, the policy has already been circulated, without legal review.  While we may all have had comments or suggestions, is there anything you think would require recirculation?  Thank you.  Lance.

W. Lance Schuler
Enron North America Corp.
1400 Smith Street
Houston, Texas  77002
Phone: 713/853-5419
Fax:  281/664-4890
Email:  lance.schuler-legal@enron.com

 -----Original Message-----
From: 	Grimm, Allan
Sent:	Thursday, October 04, 2001 1:22 PM
To:	Schuler, Lance (Legal)
Subject:	*FW: Emergency Check In Policy

Lance,

Below is the policy note that we talked about earlier today.  Any comment or input will be appreciated.

Regards,

Allan Grimm
Sr. Director, Field Operations
Enron Broadband Services
allan.grimm@enron.com
713 293-8121

 -----Original Message-----
From: 	Fehl, Rick
Sent:	Monday, October 01, 2001 2:53 PM
To:	Grimm, Allan
Cc:	Moss, Kevin
Subject:	RE: Emergency Check In Policy

Was this reviewed by legal? If not I would like the wording checked and if necessary clarified relative to the obligations; expressed or implied regarding employee safety. certainly, knowing of the status of employees is important in an emergency.

Rick

 -----Original Message-----
From: 	Grimm, Allan
Sent:	Monday, October 01, 2001 2:49 PM
To:	DL-EBS FieldOps -- North America
Cc:	Fehl, Rick; Moss, Kevin; Nahas, Al
Subject:	Emergency Check In Policy

Team,

Please consider the policy outlined below to be effective immediately.

EMERGENCY CHECK IN POLICY
FOR
EBS FIELD OPERATIONS EMPLOYEES

In light of the recent tragedies that occurred in New York City and Washington, D.C., Enron Broadband Services Field Operations is adopting a new policy that requires field operations personnel to check-in during unusual situations and emergencies, whether natural or man-made.  Through this check in, management will be able to ensure that any and all necessary measures are taken to provide for the safety of employees.

Therefore, in the event of a disaster or emergency, all EBS employees and contractors shall call the Network Operations Center in Houston at 800 267-7028, as soon as they can do so safely, to advise EBS management of their status.  Since some personnel may be traveling or on a temporary assignment known only to their immediate supervision, all personnel are requested to check-in, not only those physically assigned to a location near the event.  Personnel on vacation or other leave should also make an effort to check-in so their safety can be assured as well. Phone contact is preferable, however, email or other communication services are acceptable. When you make the call, please provide the following information:

Name
Phone number where you can be reached
Immediate Supervisor
Current location
Assigned location
Any assistance required

It is the goal and focus of the company to provide a safe and secure work atmosphere for all employees.  Should you have any other further suggestions in this regard, please forward them to Herb Caballero, our safety manager, who is charged with developing policies to ensure your safety.

Regards,

Allan Grimm
Senior Director, Field Operations


BUSINESS HIGHLIGHTS

Enron Industrial Markets
Enron Industrial Markets announced the signing of definitive agreements with
Huntco, Inc. under which over a 15-year period Enron will provide inventory
price risk management services and will eventually provide more than 600,000
tons per year of hot-rolled, cold-rolled and galvanized steel products to
Huntco Steel.  The agreements provide Enron access to Huntco,s network of
steel distribution centers nationwide.  The agreements also provide for Enron,
s acquisition of Huntco,s cold rolling and certain coil pickling operations
in Blytheville, Arkansas.

These transactions with Huntco have the potential to fundamentally change the
way steel is bought and sold in the United States.  It gives Enron immediate
access to physical steel and positions Enron geographically to serve the
steel industry in a variety of ways.  In addition to providing physical
products on both a spot and term basis, EIM,s goals for the steel industry
include developing commodity risk management products, providing structured
finance products and establishing the market-making capabilities that Enron
has brought to the natural gas, power and other commodity markets.

Enron North America-Upstream Products
Upstream Products has partnered with Duke Energy Field Services (DEFS) to
close a 20-year NGL exchange and transportation deal with Formosa
Hydrocarbons and Williams Energy Field Services to handle raw make product
from the Williams Markham plant. Formosa Hydrocarbons is building a 40,000
BPD fractionator to handle this and other Gulf Coast NGL production.  The
accompanying pipeline will be known as the Seabreeze pipeline system and will
be constructed by DEFS. Texas Brine LLC will provide NGL storage services for
Formosa Hydrocarbons on this system. Primary production for this system is
coming from the Boomvang Nansen field in the deepwater GOM and will be the
first deepwater GOM production to come onshore in Texas.
Upstream Products has also worked to arrange a 20-year transportation lease
agreement on the Dean Pipeline (owned by TEPPCO) for refinery grade propylene
service to be utilized by Formosa Plastics. Coupled with this transaction,
Enron Clean Fuels has entered into a propylene storage agreement with Formosa
Plastics to utilize ECF,s Mt. Belvieu storage facilities.  In addition, Enron
Global Markets has been able to amend its current transportation agreement
with TEPPCO to prematurely terminate a take-or-pay obligation and realize
additional transportation revenues from interim NGL production coming from
the Williams Markham to be delivered to Mt. Belvieu.
Upon close, Upstream Products was monetized out of its initial position by
DEFS and retained a risk-free net profits position on the Seabreeze Pipeline
going forward for an additional 20,000-40,000 BPD of excess capacity on the
system.
ENA West Power
Southwest Power, an ENA affiliate, signed a 222MW 15-year tolling agreement
with Allegheny Energy Supply for all of the output of Southwest's Las Vegas
expansion project, scheduled for completion in September, 2002.  With the
tolling agreement done and construction underway, the project will now be
marketed to qualified generators.

IN THE NEWS

&To truly understand Enron,s Jeffrey Skilling ) the hypersmart,
hyperconfident chief executive of what may now be the largest energy trading
company on the planet ) head to your local video store and check out that
classic American cinema, Wayne,s World.  At 15, Skilling helped launch a
no-budget television station in Aurora, Illinois ) the very thing that Mike
Myers and Dana Carvey so famously spoofed on Saturday Night Live and in two
movies.  The TV skit even begins with a sketch of a teenage cameraman, the
role of the real-life Skilling.8 )-- Randall Lane, Worth Magazine. May 2001.

Calgary, Alberta -- Enron Canada has settled its lawsuit with NGX, Canadian
Enerdata, OM Gruppen and Richard Zarzeczny, regarding the compilation and
methodology for calculating the Alberta natural gas price indices published
by the Canadian Gas Price Reporter.  By the terms of the settlement there
will be a joint press release issued regarding the settlement, which is to be
the only public communication regarding the matter unless agreed to by all
parties. Otherwise the settlement is confidential to the parties.
Accordingly, there is to be no formal or informal discussion with media,
colleagues, competitors, counterparties or otherwise.

WELCOME
New Hires
EGM  - Salil Pradhan, Randy O,Conner, Ricardo Charvel, Greg Fields, Ken
Newman, John Ashman, Rick Cantrell, Tim Klaiber, Trevor Woods,
EIM   - Tim Asterman, Maxine Leclaire, Jerry Newton, Philip Siewert, Janamon
Johnson, Darralyn Briskey, Theodore Rogers,
ENA  - Rae Meadows, Tiffany Winship, Adrianne Engler, Kimberly Yates, Jackie
Verity,

Transfers (to or within)
ENA )Christa Winfrey, Mario Alonso, Paul Rizo-Patron, Nick Ploitis, Misti
Day, Robert Cothran, Susan Wilson, Diane Cutsforth, David Owen
EGM ) Mark Friedman, John Groves, Deirdre McCaffrey, William Windle

EnronOnline Statistics

Below are the latest figures for EnronOnline as of May 9, 2001.

* Total Life to Date Transactions > 963,575
* Life to Date Notional Value of Transactions > $579 billion

NUGGETS & NOTES

Reminder:  Brown Bag Lunch, Thursday, May 17 at 11:30 AM in 5 C2. The speaker
is Michael L. Miller discussing Principal Investments.

&Historically, Newsprint has been sold under strong relationships as a highly
differentiated, branded product to &very discriminating8 buyers at newspaper
publishers. EIM believed differently.  By the end of March, EIM had succeeded
in closing on its 2nd Newsprint mill, making it the 7th largest Newsprint
manufacturer in North America.  Remarkably, in just 2 months, EIM,s Newsprint
team has succeeded in closing $100MM total notional value &Enron commodity
style8 fixed price contracts with terms of 1 to 5 years(..and they said it
wasn,t a commodity.8
Rodney Malcolm ) Vice President, Forest Products Sales and Marketing

Travel Tip of the Week:  Book flights 7 days in advance.  The cost savings
can be considerable if you plan ahead ) at least 7 days.
 For example:  Houston to Portland
       Less than 7 days:  $ 1,652
       7 day advance ticketing $    324

Congratulations to Kimberly and Eric Thode, director of ENA Public
Relations.  They are the proud parents of Whitney Marie, born on May 3.  She
weighed 8 lbs. 8 oz.

Congratulations to proud parents Nettelton and Louise Kitchen, COO, Enron
Americas. Their son, Scott William, was born on May 9 and weighed 9 lbs.1 oz.

NEWS FROM THE GLOBAL FLASH

Enron closes major coal deal in Germany
After almost six months of negotiations, Enron's coal team has signed a
contract with Stadtwerke Bremen to supply this major German municipality with
coal until 2006. Under the deal structure, Enron will deliver a total of 4.6
million tonnes of coal - equivalent to an overall contract volume of almost
$200 million  (DM 440 million).

The agreement represents Enron's first significant long-term coal supply deal
in Germany. The annual contractual volume amounts to around 3% of total
German coal imports and provides us with continuous volume flow in Northern
Germany, enabling us to grow our position in the market.

Parallel to this deal, Enron also entered into a separate agreement with HMS
Bergbau Agentur, a company specialising in Polish exports. Under this
agreement, HMS will be the handling agent and a potential supplier of Polish
coal to us over the lifetime of the contract.

Congratulations to the whole team involved: Sven Becker, Manfred Ungethum,
Cornelia Luptowitsch, Peter Bradley, Jez Peters and Michael Schuh.

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed.


Hi Sara, Christian Yoder asked me to send you the language below.  He wanted
you to convert this language so that it would apply to the Merced financial
transaction attached above.  Please call Christian with any questions.

In the event that NP-15 is split into multiple congestion zones, EPMI may
deliver, at EPMI,s choice,  to the Zone that most nearly resembles NP-15 as
it was on 9-1-2000 in terms of size, liquidity, and homogenity or to a Zone
in which either Fiddyment or Berry Street reside.

Thank you,
Melissa


Bob,

This e-mail describes the tax consequences arising from Enron North America
Corp. ("ENA") offering to sell various pulp and paper products ("Products")
through EnronOnline ("EOL") to counterparties throughout Europe whereby such
Products would be stored in bonded warehouses located in the Netherlands.  As
I understand, it is intended that any ENA counterparty located in Europe will
be able to purchase Products from ENA and obtain physical possession of such
Products by taking delivery within bonded warehouses located in the
Netherlands that are owned by unrelated parties to whom ENA would make
payments for providing storage space.  The tax consequences arising from
ENA's sales of Products in the Netherlands are described below.  (I will
follow-up as soon as possible to provide you with the tax consequences
arising from ENA engaging in the same activity in Belgium.)

Sales within a bonded warehouse in The Netherlands

In general, sales of Products by ENA in the Netherlands may be subject to
taxation in both the United States and the Netherlands, thus resulting in a
combined effective tax rate equal to at least 58 percent.  By selling
Products in a specific manner, however, ENA can substantially limit its
exposure to taxation in the Netherlands and, by doing so, should only be
subject to U.S. taxation (at a rate equal to 35 percent).

To limit its exposure to Dutch taxation on the sale of Products stored in a
bonded warehouse in the Netherlands that is owned by an unrelated party, ENA
should comply with all of the following criteria:

Other than the limited activity to be performed on behalf of ENA by the owner
of the bonded warehouse ("Warehouseman") described below, all of ENA's
activities related to the sale of Products to a counterparty should occur in
the United States.  For example, the pricing for the Products to be offered
should be determined by an ENA employee physically located in the U.S.  If
any negotiations occur between ENA and a counterparty, the ENA employee
engaged in negotiations should be physically located in the United States.
If a contract is entered into between the parties, an ENA employee should
execute the document while physically present in the United States.  (As I
understand, those transactions effected through EOL occur by the counterparty
making an offer (i.e., clicking on the "offer" icon contained in EOL) and are
accepted by ENA if (among other things) the price related to the
counterparty's offer is still valid.  If this is the case, then ENA's
"acceptance" should be considered to occur in the U.S. if the individual with
the authority to set prices is physically located in the U.S. when actually
setting the price.)
ENA should enter into an agreement with the Warehouseman located in the
Netherlands whereby the Warehouseman's only activities on behalf of ENA
consist of storing the Products and making them available to the counterparty
to take physical delivery at the warehouse.  The Warehouseman should not have
the authority to engage in any other activity on behalf of ENA, including
(but not limited to):

  a.  negotiating any of the terms of the agreement between ENA and the
counterparty;
  b.  concluding any agreement between ENA and the counterparty on behalf of
ENA;
  c.  soliciting or receiving orders from a counterparty on behalf of ENA
(and transmitting such orders back to ENA); and
  d.  delivering Products to counterparties on behalf of ENA.

Thus, for ENA to mitigate its risk of exposure to Dutch tax on sales of
Products in the Netherlands, the Warehouseman should engage in only two
activities on behalf of ENA:  storing the Products for a fee, and making such
Products available to counterparties to take possession of them at the
warehouse.  All other activities related to the sale of Products in the
Netherlands should be undertaken by ENA in the United States.

If you have any questions, please contact me at ext. 35777.

Best regards,

Jeff


I got a response on the same day you sent it to them.  I think it is automatically generated.  Thanks again for passing it on.  I will be busting my ass to find a job after my vacation and will be much more proactive.  It's hard to try too hard knowing you will be out of the country for two weeks.   I will keep you posted.  I will have access to this shitty email account overseas.  Talk to you later.  By the way, this is what they sent me.

Dear Andy Shackouls,
Your friend Matthew Lenhart recently submitted your name for consideration for employment at Enron.
We will review your qualifications and will contact you when an appropriate position becomes available.
If you believe that Matthew Lenhart submitted your application in error, please disregard this email.
In the meantime, if you would like more information on working at Enron, please click on the following link:  http://www.enron.com/corp/workatenron/ .
Best regards,
Enron Recruiting

----- Original Message -----
From: Matthew.Lenhart@enron.com
Sent: Thursday, June 07, 2001 1:31 PM
To: ashackouls@hotmail.com
Subject: RE: jobs

have you heard back from enron?
    -----Original Message-----
   From:   "Andy Shackouls" <ashackouls@hotmail.com>@ENRON
             [mailto:IMCEANOTES-+22Andy+20Shackouls+22+20+3Cashackouls+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
   Sent:   Monday, June 04, 2001 8:45 PM
   To:     Lenhart, Matthew
   Subject:  jobs
   Matt,
   To refresh your memory from Friday night, I got laid off and am doing
   independent work right now.  Although the money is good, the stability
   is a factor. So, if there is anyone you might know at Enron to help me
   get an interview for that associate program, I would appreciate it.  My
   resume is attached.  Thanks for helping me out.  Take care.
   DAS
   P.S.  LSU preseason ranked #8 in CBS Sportsline power poll.  Not sure
   how I feel about that.
   Get your FREE download of MSN Explorer at http://explorer.msn.com <<
   File: http://explorer.msn.com >>
    - DASResume5.doc << File: DASResume5.doc >>


FYI -
New contract number for Amerada Hess Corporation is 96094100 (CP ID #8).

-g

Georgi Landau
Enron Net Works
(Ph) 713/345-4435
(Fx)  713/646-2495

 -----Original Message-----
From: 	Heard, Marie
Sent:	Tuesday, November 27, 2001 8:51 AM
To:	Allen, Kimberly; Anderson, Diane; Bailey, Susan; Bell, Jean; Bowen, Bob; Boyd, Samantha; Brackett, Debbie R.; Bradford, William S.; Brown, Angela Y.; Campos, Anthony; Cason, Sharen; Cisneros, Celeste; Conwell, Wendy; Cook, Mary; Crawford, Sharon; Curry, Ken; Ebow, Amber; Ellstrom, Diane; Espinoza, Veronica; Fischer, Jason; Garcia, Jorge A. ; Gerard, Camille; Gonzalez, Veronica; Gray, Barbara N.; Hare, Bill D.; Heaney, Gordon; Hendry, Brent; Hundl, Kimberly; Johnson, Cheryl; Johnson, Rudwell; Jones, Tana; Koehler, Anne C.; Lambert, Karen; Landau, Georgi; Landry, Shemeika S.; Lebrocq, Wendi; Lees, Lisa; Leite, Francisco Pinto; Mendoza, Nidia; Monterrey, Maribel; Moore, Jason; Moran, Tom; Mulvany, Patrick; Murphy, Melissa Ann; Nelson, Cheryl; Neuner, Dale; Ngo, Tracy; Ornelas, Bianca; Otto, Randy; Panus, Stephanie; Piwetz, Stephanie; Radous, Paul; Rajaram, Aparna; Reeves, Leslie; Richardson, Stacey; Rodriguez, Bernice; Rodriguez, Melissa; Rohauer, Tanya; Sacks, Edward; Sayre, Frank; Schott, Samuel; Seib, Dianne; Sever, Stephanie; Shackleton, Sara; Shivers, Lynn; Sietzema, Linda; Sonnonstine, Max; Southard, Carrie; Taylor, Mark E (Legal); Theriot, Kim S.; Vanek, Darren; Williams, Jason R (Credit)
Subject:	Amerada Hess Corporation

We have received the following financial Master Agreement:

Type of Contract:		ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:			November 14, 2001

Enron Entity:			Enron North America Corp.

Counterparty:			Amerada Hess Corporation

Transactions Covered:		Approved for all products with the exception of:  Foreign Exchange

Confirming Entity:		Enron North America Corp.

Governing Law:			New York

Special Handling Requirement:	Counterparty has five (5) Local Business Days after a confirmation was received by it to accept or dispute a confirmation.

Copies will be distributed.


hey lis....

i'm sorry i was late last night and not in full party mode, i too was in a bit of a mood.  anyway, was going to see if you wanted anything special for dinner tonight.  i thought maybe i could cook something and that we could do presents etc while watching the ever popular felicity.  let me know how your day is looking and if there is anything i can prepare/pick up tonight that strikes your fancy....i'd be happy to grab berry-hill as well if that would hit the spot.

sue

Happy Birthday again!!!


I just faxed it to you.  Let me know.

Mike

-----Original Message-----
From: Alex [mailto:arsavitz@mindspring.com]
Sent: Wednesday, December 05, 2001 8:59 AM
To: Grigsby, Mike
Subject:

Mike-

Did you get a chance to fax me this morning? In addition, I want to speak
with you for a few minutes at the end of the day. There are a few more key
bits of information that I want to pass along to you before the meeting
tonight. Does 4:30 - 5:00 PM (your time) work for you?

Alex


-----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Financial Trading Group@ENRON
Sent:	Wednesday, November 14, 2001 8:59 PM
To:	Executed Master Agreements mailing@ENRON
Subject:	Executed Master Agreements List (November version)


Hi Katie,  Yes I am back in town.  Sorry I wasn't able to return your email
yesterday.  It has just been crazy around here and I am leaving for San
Antonio tommorrow and will be out the rest of the week for the Enron Legal
Conference.  It is going to be at La Cantera on the northwest side of SA.
The place sounds pretty relaxing, so it should be fun.  Back in Houston
Friday late.

Yea Denver was nice.  Slight delay in the flight, but not due to weather.
Just the usual airline misadventures.  It was snowing pretty hard when I
arrived.  Kinda nice to be around some actual cold weather for a change.
Worked all day Friday and stayed with some friends Sat. night.    Wish I had
time to go up to the mountains for skiing.  So your not big on skiing huh?
The first time I went I hated it, but as you get better it really becomes a
lot of fun.  Last time I went (last March) I tried snowboarding.  It was a
lot of work to learn a new snow sport.  It was cool after I got the hang of
it, except for dislocating my shoulder.  Ouch!

Sounds like ya'll had a good time at Northgate.  I hate it when friends take
you out and get you drunk.  That seems to happen to me occasionally.  OK more
than occasionally.

This time change does make for a rough week.  I didn't wake up until 8:00 am
for work on Monday.  Just a little later for work than usual.

Coming into Houston anytime soon?  If you get a chance, I'd really like to
take you to dinner sometime.  Take care.  Bye!

Gerald


This is the way I show the Dayton Power exchange deal starting 1/21/2000,
please let me know if this is incorrect.

ENA delivered gas to Dayton's TGT citygate.  In return, Dayton is giving ENA
gas at various CGAS citygates.  There are no fees for this transaction.  The
TGT deal is 152766, the CGAS deal is 153213.  The volumes on these deals
should match.  Also, Dayton should not be using any ENA supply (pool gas or
ENA storage) to supply the CGAS citygate volume.

Comments/questions?

Victor, I did not put a meter number on the CGAS deal.

Also, it's time to introduce Steve Gillespie to Sitara.


The report named: Power West Price Off-Peak <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=31&report_name=Power+West+Price+Off-Peak&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=12/28/2001>, published as of 12/28/2001 is now available for viewing on the website.


I left Mike a message telling him that I was forwarding this to you and that
someone on your team would verify this information and get  back to him.  His
note asks for info back by Friday the 17th - Friday is the 15th and I assume
that is the deadline that he intends.  Thanks.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/14/2000 11:40 AM
---------------------------

Michael Tribolet@ENRON
12/13/2000 07:27 PM
To: Meredith M Eggleston/HOU/EES@EES, Sally Beck/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT
Subject: Perry Gas Companies, Inc.

We need to prepare the Proof of Claim in the Perry Gas Companies, Inc.
bankruptcy.     The debtor's  Schedule F filed  29-Sep-2000, with balances as
of the bankruptcy filing date of 28-Aug-2000,  indicated the amount of our
claims:

Creditor
       Amount
Clinton Energy Management Services               $   702,150.00
Enron Energy Services                                            $5,387,076.11
Enron North America
$1,948,233.60

I need by the close of business Friday, December 17th:

1. Please have the amounts verified by your respective area (ENA/EES).
The accuracy of these figures is quite important.
2. Copies of all the legal documentation for your transaction(s).  We will
need to file this with the court as an attachment

Please call if you have any questions.

Michael Tribolet
x33820
EB2855.


FYI - new EOL reports rules.(see below)
PL
---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/28/2001
02:57 PM ---------------------------

Jeffrey C Gossett
02/28/2001 02:51 PM
To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Phillip M
Love/HOU/ECT@ECT
cc:
Subject: EOL Applications

Please make sure to follow this.  I will try to get access to at least one
person per desk during these hours.  I'll let you know.
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 02/28/2001
02:48 PM ---------------------------

From:  Sheri Thomas
  02/28/2001 02:10 PM

To: Bob M Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, James
Scribner/Corp/Enron@Enron, Shona Wilson/NA/Enron@Enron, Beth
Apollo/HOU/ECT@ECT, Brent A Price/HOU/ECT, Scott Earnest/HOU/ECT, Mary
Solmonson/HOU/ECT, Tom Moran/HOU/ECT
cc: Sally Beck/HOU/ECT@ECT, Jennifer deBoisblanc Denny/HOU/ECT@ECT
Subject: EOL Applications

Due to the significant amount of activity on EnronOnline, and the large
number of users logged into the system during peak trading hours, please
inform your respective teams that they should not use the EnronOnline
applications (Reports, Product Manger, Profile Manager, and Data Manager)
between the hours of 7:30am and 10:00am.  Only those actions that are
absolutely critical should be performed (i.e. credit headroom adjustments,
etc.).

The IT group is reviewing the database in an attempt to make our queries more
efficient, but until further notice, these guidelines should be followed.

Please call me if you have any questions.
Thanks-
Sheri


Jeff,

I am not willing to guarantee to refinance the 1st lien on the stage in 4
years and drop the rate on both notes at that point to 8%.  There are several
reasons that I won't commit to this.  Exposure to interest fluctuations, the
large cash reserves needed, and the limited financial resources of the buyer
are the three biggest concerns.

What I am willing to do is lower the second note to 8% amortized over the
buyers choice of terms up to 30 years.  The existing note does not come due
until September 2009.  That is a long time.  The buyer may have sold the
property.  Interest rates may be lower.  I am bending over backwards to make
the deal work with such an attractive second note.  Guaranteeing to refinance
is pushing too far.

Can you clarify the dates in the contract.  Is the effective date the day the
earnest money is receipted or is it once the feasibility study is complete?

Hopefully the buyer can live with these terms.  I got your fax from the New
Braunfels buyer.  If we can't come to terms with the first buyer I will get
started on the list.

Email or call  me later today.

Phillip


T H U R S D A Y   E V E N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

Thursday: The CRB Index is higher 0.36 points to 187.29. The
US Dollar Index moved up 0.52 points to 120.25.

The Dow Industrials trended higher 157.00 points, at 9920.00, while
the S&P 500 gained 16.64 points, last seen at 1130.21. The
Nasdaq Composite trended higher 20.68 points to 1934.12.
_____________________________________________________________________

FREE 2002 Commodity Reference Calendar
http://www.ino.com/specials/rjo/calendar.html
_____________________________________________________________________

Andrew, HOW MUCH DO YOU WANT TO EARN A DAY?
_____________________________________________________________________

Free 18-Page Online Brochure - Wealth Building Lessons Inside
http://store.ino.com/private/1A433/TWTMM-MoneyMiracle

Dear Andrew:

Everybody always told me that I would have to work very
hard to make a lot of money.

But now I make up to $10,000 - and more - in a single day.
That's when I push myself and put in more than an hour or
two. Most days I feel more like playing than working, and
with all the cash THE MONEY MIRACLE has brought me,
I can indulge myself!

My name is George Angell, and I was once an unemployed taxi
driver, with just a few dollar bills between me and the
poor house.

Announcing my latest trading course that reveals
EVERYTHING you need to know about futures and options
- and make lots of money trading them!

The strategies I'll show you let you start small, win big,
and never risk more than you want to put on the table. You
could quadruple your money each year, without a lot of
drudgery and anxiety.

And . . . my students agree that THE MONEY MIRACLE
is easy to understand!

LIMITED QUANTITIES
- CLICK HERE FOR FREE 18-PAGE ONLINE BROCHURE!

http://store.ino.com/sale/1A433/TWTMM-MoneyMiracle

Click for the Money Miracle

Order Toll Free 800-538-7424 - 410-867-7424

All claims on third-party products are made by the publisher
and not by INO.com. All Products Guaranteed.

_____________________________________________________________________

E X T R E M E   M A R K E T   C O M M E N T A R Y
_____________________________________________________________________

The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

Stock indexes closed higher on Wednesday in a delayed reaction to the
Fed.'s decision to leave interest rates unchanged for now. The market
interpreted this inaction on the part of the Fed as a sign that
economic recovery is beginning. At the same time, gains were limited
as investors remain suspicious about accounting irregularities in
business following the Enron debacle. The NASDAQ fell short of
testing the 38% retracement level of the September- January rally
crossing at 1826.96 before a short covering rally triggered by a
delayed response to today's decision by the Fed to leave interest
rates unchanged pulled the index into positive territory on the day.
The NASDAQ closed up 20.45 points at 1913.44. The March S&P 500 index
also closed higher on Wednesday after spiking below the 38%
retracement level of the September-January rally crossing at 1087.97.
Additional strength on Thursday is needed to confirm today's upside
reversal thereby increasing the odds that a short- term bottom has
been posted. The March S&P 500 closed up 15.00 points at 1115.50.

The Dow posted an upside reversal on Wednesday and closed above
broken fib support crossing at 9706.20. However, closes above
Monday's high at 9908.10 are needed to temper the near-term bearish
outlook in the Dow. Today's rally was in reaction to the Fed.'s
decision to leave interest rates unchanged for the time being, which
indicates that it believes a recovery has begun in the economy. Solid
gains in Home Depot, Wal-Mart, Honeywell and IBM led the late-session
rally in the Dow.

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

March T-bonds closed lower on Wednesday following the Fed.'s decision
to leave interest rates unchanged in today's FOMC meeting. However,
the Fed left its easing bias in place should further stimulus be
needed to shore up the economy. The late-day sell off sets the stage
for additional weakness in access trading that could lead to a test
of broken trendline resistance crossing near 102-00 on Thursday.
Short-term momentum indicators remain bearish signaling that sideways
to lower prices are possible near-term as the market is caught
between business accounting concerns and prospects for an improving
economy.

The CRB INDEX http://quotes.ino.com/exchanges/?c=indexes

The CRB index closed lower on Wednesday pressured by weakness in
grains, some precious metals, fiber and energies. The CRB index is
closing in on the 75% retracement level of the October-January rally,
which crosses at 185.93. If this support level fails to halt this
month's decline, the door would be open for a possible test of last
fall's low crossing at 182.83 later this winter. Short-term momentum
indicators are oversold but indicate that additional weakness is
possible near-term. However, weekly indicators are on the verge of
rolling over, which would increase the odds that the CRB could
ultimately breakout below the double bottom on the monthly chart
later this year.

ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

The energy markets closed lower on Wednesday following the release of
this week's API inventory reports, which were termed bearish. Crude
oil stocks rose by 27,000 barrels last week, as total stocks are now
some 11% above year-ago levels. Gasoline stocks rose by 2.743 million
barrels although distillate stocks including heating oil fell by
150,000 barrels but supplies are still 25% above year ago levels.
Traders will be closely watching this week's DOE inventory report for
corroboration of rising energy inventories. The AGA inventory report
for natural gas will be released later today.

March crude oil closed sharply lower on Wednesday and below minor
trendline support thereby confirming that a short-term top was posted
on Monday. The door is open for a possible challenge of January's low
crossing at 18.45 in early- February. Closes below this support level
could lead to an eventual test of November's low crossing at 17.55
later this winter. Momentum indicators such as stochastics and the
RSI are turning bearish with this week setback hinting that a test of
fall lows is possible later this year.

March heating oil closed lower on Wednesday following Tuesday's
mildly bearish inventory report. Today's low fell short of testing
the lower boundary of this winter's trading range crossing at 51.20.
Closes below this support level would confirm a range breakout and
could lead to a test of weekly support crossing at 49.30 later this
winter. Stochastics and the RSI have turned bearish with this week's
sell off signaling that we could see a spike to new contract lows
before a low is posted.

March unleaded gas extended this week's sell off on Wednesday
following Tuesday's bearish API inventory report. Today's sell off
sets the stage for a possible test of last fall's uptrend line
crossing near 55.55. Closes below this support level would open the
door for a possible challenge of last fall's low crossing at 51.90
later this winter. Stochastics and the RSI are turning bearish once
again and signals that a new low for the year is possible in the near
future.

March Henry Hub natural gas closed modestly higher on Wednesday due
to short covering ahead of the release of today's AGA inventory
report. This week's AGA inventory report showed a draw of 111 bcf
last week as U.S. working gas in storage is 70% full. Traders are
calling the report bearish. However, the sell off from mid-January
has already discounted some of this bearish news. A higher close on
Thursday would confirm this analysis while leaving the door open for
a possible short covering bounce into early- February. If the decline
continues, weekly support crossing at 1.76 is March's next target
later this winter.

CURRENCIES http://quotes.ino.com/exchanges/?c=currencies

The March Dollar posted an upside reversal on Wednesday thereby
ending the one-day setback off Monday's high. The door remains open
for a resumption of this winter's rally and a possible test of weekly
resistance crossing at 121.29 later this week. Today's rally was
supported by revised fourth-quarter GDP estimates. Additional support
was due to expectations for further improvement in the economy
although some of the expected recovery has already been priced into
the Dollar. Stochastics and the RSI are overbought hinting at the
very least that we could see a brief pause near current prices.

The March Swiss Franc posted a potential downside reversal on
Wednesday signaling a likely end to this week's short covering
bounce. The stage is set for additional weakness and a likely test of
December's low crossing at .5797 later this winter. The daily ADX is
bearish signaling that additional weakness near-term is likely.

The March Canadian Dollar posted an inside day with a higher close on
Wednesday however, it failed to close above the previous reaction
high crossing at .6300. Closes above this resistance level are needed
to confirm this week's trendline breakout and that a bottom has been
posted. Stochastics are bullish signaling that sideways to higher
prices are possible into mid-February.

The March Japanese Yen extended this week's short covering rebound on
Wednesday and spiked above broken weekly support crossing at .7558.
Closes above this broken support level and last fall's downtrend line
crossing near .7590 are needed to confirm a bottom has been posted.
Momentum indicators are bullish signaling that sideways to higher
prices are possible into early-February.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

February gold closed slightly higher on Wednesday due to short
covering following the Fed.'s decision to hold the line in interest
rates for the time being. February gold is challenging minor
resistance crossing at 282. Closes above this resistance level would
open the door for a test of broken trendline support crossing near
284.10. Stochastics and the RSI are oversold and turning neutral to
bullish hinting that a short-term bottom is in or near.

March silver closed modestly lower on Wednesday leaving Tuesday's key
reversal up unconfirmed. Momentum indicators are oversold hinting
that a low might be in or is near following this week's test of the
75% retracement level crossing at 4.22. Closes above broken fib
support crossing at 4.32 are needed before a low can be confirmed.

March copper drifted lower on Wednesday and appears poised to test
the bottom of last week's trading range crossing at 69.20 later this
week. Closes below last week's low crossing at 69.20 would open the
door for a larger-degree decline during February.. Momentum
indicators are bearish signaling that sideways to lower prices are
possible into early February.

GRAINS http://quotes.ino.com/exchanges/?c=grains

March corn closed fractionally lower on Wednesday as session lows
came with in a penny of weekly support crossing that crosses at 2.04
1/4. Light pressure came from spillover weakness from wheat, concerns
over sluggish export demand and a rebound in the U.S. Dollar today.
Trader's will closely watching Thursday's export sales report for
signs that foreign demand might be picking up. Bulls continue to
suggest that this year's export sales will be backend loaded. In the
meantime, there is little incentive for foreign customers or domestic
end users to shift their buying pattern from hand to mouth as prices
continue to erode from last July's high. Seasonally, corn prices tend
to decline into February when a mid-winter low is due to be posted.
The current decline suggests that the February low might be posted
early in the month if weekly support crossing at 2.04 1/4 halts the
decline. Short-term momentum indicators are bearish but have entered
their respective oversold zones hinting that a low might be near.

March wheat gapped down and closed sharply lower on Wednesday as much
needed precip has fallen across the southern Plains. The bearish
weather triggered another round of fund selling that pressured the
market to new lows for month, which fell just short of testing the
late-December low crossing at 2.83. If this support level fails to
halt this month's decline, a test of the December low crossing at
2.77 is likely by early-February. Recent strength in the U.S. Dollar
has made U.S. wheat less competitive on the world market especially
since Argentina is resuming wheat exports. Momentum indicators remain
bearish signaling that additional weakness is likely into
early-February.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

March soybeans posted an inside day with a fractionally higher close
on Wednesday. Light support was due to short covering triggered by
ideas that soybean prices have become oversold and too cheap.
However, upside potential appears limited due to improving weather
conditions across South America and a narrowing window of opportunity
to export on the world market without competing with South American
exports. Technically, March soybeans continue to consolidate above
the 75% retracement level of January's rally, which crosses at 4.24
3/4. Closes below this support level would more than likely open the
door for a test of this month's low crossing at 4.15 3/4 by
early-February. Momentum indicators remain bearish signaling that
sideways to lower prices are likely into early-February before a
mid-winter low is due to be posted.

March soybean meal closed lower on Wednesday however, a short
covering bounce ahead of the close tempered some of today's loss.
March continues to hover above gap support crossing at 147.90 and
below this the 75% retracement level of January's rally crossing at
147. Momentum indicators remain bearish signaling that sideways to
lower prices are still possible into early-February. While Thursday's
export sales report is expected to show strong sales, this is old
news to a market, which has been focused on South America's
potentially record crop for most of the winter. Now that South
American weather is improving, there is little incentive for new
buying to enter the market. Therefore I am looking for additional
weakness into mid-February and a possible test of January's low of
142 before a bottom is finally posted.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

April hogs posted a key reversal up and closed above weekly
resistance crossing at 61.13 on Wednesday. Today's rally was
triggered by ideas that packers could encounter a short-term supply
squeeze, which could be exaggerated by the winter snowstorm that is
moving across portions of the Midwest today and could last into
Thursday bringing with it up to 10 inches of snow in places. However,
today's rally was limited due to forecasts calling for steady to
50-cent lower cash bids on Thursday. With packer margins shrinking
due to falling product prices, it is unlikely that they will be very
aggressive with their cash bids. However, traders might decide to
ignore the short-term bearish cash fundamentals and opt to trade the
short-term friendly technicals near- term. Closes above the contract
high crossing at 61.90 would renew April's rally off last fall's low
and could lead to a test of weekly resistance crossing at 63.60 later
this winter. Momentum indicators are turning neutral to bullish
hinting that sideways to higher prices are still possible into
early-February.

April cattle closed slightly higher on Wednesday as a winter storm
across the Plains and portions of the Midwest sparked additional
short covering. However, today's rally was stopped in its tracks as
it neared the 75% retracement level of last year's decline, which
crosses at 76.00. After rallying for the past three days, I would not
be surprised to see a round of profit taking on Thursday as April
might try to consolidate recent gains below this resistance level. If
this resistance level is cleared, we could see April test the lower
boundary of last summer's trading range crossing at 77.10 later this
winter. Momentum indicators are bullish but diverging, which is a
warning to bulls that a short-term top might be near.

FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

March coffee closed higher on Wednesday due to light short covering
following Tuesday's spike to a new contract low. However, short
covering faded ahead of the close, which allowed prices to drift
towards the bottom of today's trading range. March is at a crossroads
as it is challenging the lower boundary of this winter's trading
range. The latest report from the Association of Coffee Producing
Countries highlighted the market's negative fundamental outlook as it
forecasted a 15-million 60-kilogram bag surplus in export supplies
for the 2001-02 marketing year. Closes below trading range support
crossing at 44.75 would confirm a breakout while opening the door for
a test of psychological support crossing at 40-cents later this
winter.

March cocoa posted its highest close in two and a half weeks on
Wednesday due to renewed trade and speculator buying. Light support
came from reports of a police strike in the Ivory Coast, limited
hedge pressure and technical buying as buy stops were triggered above
1368. However, the choppy rebound off the early-January low is an
indication that the market continues to mark time as a distribution
top continues to form. Closes above 1422 or below 1260 are needed to
confirm a breakout of this winter's trading range and point the
direction of the next trending move.

March sugar extended this month's decline and closed below last
November's reaction low crossing at 661 on Wednesday. Multiple closes
below this support level would open the door for additional weakness
and a possible test of last October's low crossing at 611 during
February. Momentum indicators have entered their respective oversold
zones but remain bearish signaling that additional weakness is
possible near-term.

March cotton broke out below minor support marked by last week's low
at 35.95 on Wednesday thereby renewing its decline off January's
double top. The stage is set for a likely test of the lower boundary
of this winter's trading range, which crosses at 34.91. Light
pressure came from increased producer selling. Momentum indicators
remain bearish signaling that additional weakness is possible into
early-February. Closes above 39.80 or below 34.91 are needed to
confirm a breakout of this winter's trading range.

Daily Extreme Commentary is brought to you by GLOBALcharts,
INO.com's end-of-day charting software for Futures, Futures
Options and Optionable Stocks. http://www.globalcharts.com
Search the INO Store  - http://store.ino.com/
_____________________________________________________________________

I N O   N E W S
_____________________________________________________________________

Globex Electronic Platform Posts First 2002 Record
   http://news.ino.com/press/?release=27753
CBOT X-Fund Futures To Start February 1
   http://news.ino.com/press/?release=27752
PCX To Trade Options on Meadwestvaco Corporation
   http://news.ino.com/press/?release=27751
PCX To Trade Options on Meadwestvaco Corporation
   http://news.ino.com/press/?release=27750
Sydney Futures Exchange Reduces Size Of Board
   http://news.ino.com/press/?release=27749
Nasdaq Europe Expands Sales And Customer Service Capabilities
   http://news.ino.com/press/?release=27748

____________________________________________________________________________

E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

HGN2   Copper Jul 2002                            0.7480    0.0395  +5.58
HOG2   Heating Oil Feb 2002                       0.5229    0.0231  +4.54
NGH2   Henry Hub Natural Gas Mar 2002              2.138     0.070  +3.37
SCH2   Brent Crude Oil Mar 2002                    19.18      0.53  +2.82
QLZ2   Central Appalachian Coal Dec 2002           26.15      0.65  +2.55
HUH2   New York Harbor Unleaded Gasoline Mar 20    0.5742    0.0136  +2.42
CLH2   Light Sweet Crude Oil Mar 2002              19.48      0.40  +2.10
GIG2   Goldman Sachs Commodity Index Feb 2002     166.60      2.80  +1.71
AFH2   Aluminum Mar 2002                          0.6590    0.0095  +1.49
SEF3   Sugar #14 Domestic Jan 2003                 21.05      0.31  +1.49

LOSERS

AGG2   Silver 1,000 oz. Feb 2002                   4.001    -0.249  -5.86
SBK2   Sugar #11 World May 2002                     5.76     -0.22  -3.68
PLN2   Platinum Jul 2002                           440.2      -9.7  -2.17
PAM2   Palladium Jun 2002                         369.00     -8.00  -2.11
SIN2   Silver Jul 2002                             4.250    -0.088  -2.04
CCH2   Cocoa Mar 2002                               1344       -25  -1.83
XOH2   Oats Mar 2002                             200 1/4    -3 1/2  -1.73
DAJ3   BFP Milk Apr 2003                           11.75     -0.20  -1.67
JYM2   Japanese Yen Jun 2002                    0.007471 -0.000124  -1.64
YIH2   Mini NY Silver Mar 2002                     4.221    -0.070  -1.63

FREE: Vantagepoint Market Software Reports
Predict The Markets With Up To 80% Accuracy
http://www.ino.com/specials/mkttech/vantagepoint.html
____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

JTWO   J2 COMMUNICATIONS                          8.4700    3.1975  +68.76
VISG   VISAGE TECHNOLOGY INC                      9.5000    2.1500  +29.45
STOR   STORAGENETWORKS INC                        5.1400    0.9000  +22.06
TWP    TREX COMPANY INC                            21.50      3.30  +17.98
OIIM   O2MICRO INTERNATIONAL LTD                 24.1800    3.6700  +17.82
PTA    PENN TREATY AMERICAN                         5.95      0.85  +17.17
NETE   NETEGRITY INC                             15.6500    2.2400  +17.01
OSIS   OSI SYSTEMS                               25.1700    3.6400  +16.87
SYPR   SYPRIS SOLUTIONS                          16.3500    2.3500  +16.79
TFCO   TUFCO TECHNOLOGIES                         6.0000    0.8800  +16.30

LOSERS

MATR   MATRIA HEALTHCARE INC                     24.2500   -9.2700  -27.51
RDEN   ELIZABETH ARDEN INC                       10.0600   -3.6400  -26.00
ELN+B  ELAN CORP PLC WTS CL B                      11.00     -2.45  -20.33
HTRN   HEALTH TRONICS SURGICAL SERV              10.0000   -1.4975  -13.02
DRRX   DURECT CORP                                8.9000   -1.3000  -12.48
MIMS   MIM CORP                                  16.7500   -2.3600  -12.42
FLO    FLOWERS FOODS INC                           25.00     -3.55  -12.35
SYNP   SYNPLICITY INC                             7.0500   -1.0700  -12.30
ICI    IMPERIAL CHEM IND ADR                       19.05     -2.62  -12.07
ATRO   ASTRONICS CORP                            11.5300   -1.4100  -11.10
_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

Thank you for subscribing to the Extreme Markets Daily Digest from INO.com
( http://www.ino.com/ ). If you want to subscribe to our other email
services, or would like to modify your profile please visit
http://www.ino.com/email/.

To subscribe a friend, visit:
  http://www.ino.com/email/

To unsubscribe, visit:
  http://www.ino.com/email/remove/?email=alewis@enron.com&list=evening

--
Copyright 1998-2002 INO.com. All Rights Reserved.


Hi Ken,
    It was great to talk with you at the recent Fortune Roundtable on New
Economy Philanthropy.  As I mentioned at the evening banquet, we are
currently creating the Houston Social Venture Partners.  Attached is an
initial Power Point presentation to inform you of our progress.  I would
appreciate the opportunity to visit with you to obtain your suggestions.  We
are very excited about the potential for Houston of the Houston Social
Venture Partners.  We are following the structure similar to the successful
organizations in Austin [asvp.org] and Seattle [svpseattle.org]. presented in
the lecture by David Lunsford at the Roundtable.
    Please advise me of convenient times in your schedule for us to meet.
                     Thank you
Calene LeBeau   713-827-7299       713-416-5572  mobile
calenehsvp@aol.com

 - Houston Social Venture Partners2.ppt


Client Companies
Visual Bridge - The company is negotiating content/streaming transactions
with two Latin American clients.  Expect to close one or both transactions by
year end.  Initiated discussions with EBS to review technology for EBS
clients.
Cynet - Expect to close sale of fax broadcast business by December 15, but
will have to finance $3.5 mm of $7.0 mm purchase price.  We are evaluating
alternative structures to address collateral issues and pay down a portion of
our existing preferred position.
Illusions Screen Printing - Moore Business Systems (an Enron Vendor) is very
late on a significant receivable for the company.  We are working with Enron
personel to address the issue.
American Communication Services - Increasing SWB agency business and
developing prime contractor relationship with SWB.
Treasury Connect - The company is having limited success in fund raising.
Currently the company is negotiating with TH Lee, Softbank and Reuters for
investments.  Paribas has committed to a private label portal transaction and
Deutsche Bank is reviewing a proposal.  With no new revenues, the company
will run out of cash at the end of January.  If currently anticipated
consulting and private label transactions are completed, the company should
be able to operate through March without additional financing.
Cabo's - Indicated that their liquor license had not been issued yet because
of delays caused by a background review of one of the limited partners.
Expect to have this addressed shortly.

New Transactions
Urban Financial - Expect closing December 15.  Our client negotiated a
significant reduction in the purchase price, in large part, because of an
equity funding shortfall.  Capital ratios for the bank will remain strong and
the new bank has already received indications of commitments from State of
Connecticut agencies.
Custom Feeds - Omni Bank is preparing their documents.  All other documents
have been drafted and are being reviewed.
Wilson Financial - Received financing term sheet from Chase Bank.

If you have any questions, please call.

Thanks,
mark

Mark Lay
Enron Investment Partners
333 Clay St., suite 3700
Houston, TX 77002
p 713-853-7408
f 713-345-7670