All

I have received a few notes about this since this one but I will try to
respond to all questions here. Please see below responses in RED:

	Enron Capital & Trade Resources Corp.

	From:  Jane Allen                           08/03/2000 17:54

To: Tara Rozen/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Kim
Melodick/HOU/ECT@ECT

Subject: Transitional Assignments

Please note this is confidential at this point!

To document what we discussed by phone, I met with Sally Beck and Brent Price
today.  Fernley Dyson has a vacancy that he is attempting to fill, but it may
be 3 to 6 months before the position is up and running.  To accomplish the
need in the meantime, Sally and Brent have agreed to share the duties as
follows:

Brent - April 1 to June 15
Sally - June 16 to August 15

They are traveling to the UK the week of 3/20 and would like to schedule some
time with you on either Monday afternoon or Wednesday.  Please let us know
what is good for you.
I have free time on the morning of the 20th. I will book out a room from
11-12am in HR. Please let me know if this is a problem.

Issues:

Housing - They will each be bringing their families with them (Brent - spouse
and 2 small children - the baby will need a crib; Sally - husband and 3
children - ages 15, 11 and 2).  I understand that the houses which have been
vacated due to returning expats have all been filled, so can you have someone
arrange for corporate housing that will accommodate them? I think the best
way to go here is for us to use serviced apartments as it will be very
difficult to find a lease for such a short period for this type of
accommodation. My assistant, Lisa, has put a call in to a service who can
help us find serviced accommodation in South Kensington/Chelsea area or in
Dolphin Square where we have people now who are very satisfied. Is there a
reason you are partial to South Kensington/Chelsea? What if we find
accommodation in another nice area of London within a short commute to the
office? When I have some options, I will let you know, probably on Monday.

Immigration - Due to the fact that they will be traveling back and forth and
have made trips already, I feel it would be best to apply for work permits
versus using the visa waiver.  I have sent them the forms and requested that
Brent complete his and file immediately to increase chances of getting his
sometime shortly after he arrives in the UK.  I have informed him that he
should arrive without his family if the permit has not been received by April
1. Brent's work permit will be submitted today and we may receive if before
April 1st, but it is unlikely. The way it works for this is as follows: Brent
will receive the work permit from us and if he is here, he will have to leave
the UK and enter with the work permit for it to be validated. If his family
are in Houston, they will need to receive entry clearance in the US prior to
arriving in the UK. This takes approx 7 working days and they will require
either Brent's original passport and work permit or a certified copy of each
along with other things such as marriage and birth certificates. If Brent
decides to bring his family with him to London prior to receiving the work
permit, they must say they are coming on a vacation for a short period of
time and have a return ticket to back it up. Once the permit is received, the
family can either travel back to Houston and submit the entry clearance visas
there or they can all travel to Amsterdam where they are currenlty issuing
entry clearance without a problem. There is always a small element of risk in
going to Amsterdam, however, as do not have to issue the stamps there, they
just do it because they are nice! Work permits are arriving approx 4 weeks
from date of submission. We can discuss all of this on the 20th.

Tax - Please confirm whether PAYE will need to be paid for them during the
short term assignment and then reclaimed through a treaty benefit. PAYE is
due after 60 days; however, if Brent and Sally are really only going to be
here for approx 75 days, I am not going to inform the Revenue that they are
here. If this extends beyond the set time, we can look at options but the
only responsiblility that Brent and Sally will have is to ensure they
complete the tax organiser in order for us to get the tax back. Also, as we
would have to apply the treaty here, we need to ensure the salary costs stay
in Houston. Jane, have you discussed this point?

Benefits - I have suggested that they remain on US domestic payroll and
benefits and, if medical claims arise that exceed what they would have spent
in the US, they may claim the excess on the expense report. Agreed.

Per diem - We need to discuss the appropriate amount based on family size.
Jane, please call me to discuss. I have left you a message, thanks

Let me know of any other issues we need to address.  As always, I appreciate
your help.

Jane


Management and employees both have roles in meeting Enron's commitment to Equal Employment Opportunity, and Harassment Prevention.  To achieve Enron's vision, we need to recruit, select, retain, and manage the most talented people effectively.  We expect all employees to demonstrate Enron's values of respect, integrity, communication and excellence in the workplace.  Our efforts to achieve equal employment, and prevent harassment for all employees will guide us towards ensuring that each employee and organization is as productive, inventive, and competitive as possible in a world of changes.

Enron is an equal employment opportunity (EEO) employer.  In choosing to do business with federal, state, and city government agencies, Enron implements affirmative action plans (AAP) to recruit, retain, and promote women, minorities, individuals with disabilities, and covered veterans.  Our efforts are inclusive and based on sound business practices, individual qualifications and merit.  Employee and management conduct is expected to be inclusive and equitable in all aspects of the workplace, including recruitment, applicant screening, hiring, training, assignments, compensation, benefits, job performance evaluation, disciplinary action, separation, and the like.  There is no place at Enron for management practices that include bias, favoritism, discrimination, harassment, or conduct that otherwise violates the law or Company policy.

Enron's Harassment Prevention Policy was developed to prevent harassment and help all employees to maintain a productive and mutually rewarding work relationship.  Harassment of any type, including sexual harassment, is contrary to our policy and preventable with education and respectful personal behavior.  We want all employees to know what harassment is, how to prevent it and how to report it.  Our policy outlines these unacceptable behaviors and helps employees better understand work-related expectations and steps.  Every employee at Enron is expected to prevent harassment and report it if it happens.

Enron's Fair Treatment Policy was developed to provide and maintain a work environment in which all employees are treated equitably.  Our goal is to resolve employment disputes promptly, informally and (where possible) at the lowest level.  Employees who believe they are treated unfairly are encouraged to discuss the matter with their immediate supervisor.  When a concern of unfair, unlawful or unsafe treatment is raised, it will be investigated thoroughly and promptly.  An effective resolution will be reached based on all the information.  The Company will take reasonable steps to ensure confidentiality, but must act on assertions indicating that a violation of policy or law has occurred.

Each of these policies is available for review at http://home.enron.com/resources.  Please familiarize yourself with these policies.  Enron expects and encourages every worker to report workplace issues of concern.  If you need to speak with anyone someone regarding these policies or if an incident occurs that concerns you, please talk with your supervisor, contact your Human Resources representative, or call Enron's Office of Labor and Employment Relations Department at 713-853-7573.  Management is expected to ensure retaliation does not occur.  In addition, Cindy Olson, as  is Enron's EEO officer.  As and  Executive Vice President of Human Resources and Community Relations, Cindy has the responsibility, authority, and full support of Enron to ensure that all employees can avail themselves of our policies.

Your support of respectful workplace relationships adds to a productive and rewarding work environment.  In turn, such personal and organizational success adds to Enron's business success.

Thank you.


Yes, authorized.

Thanks.

 -----Original Message-----
From: 	Daffin, Margaret
Sent:	Tuesday, November 27, 2001 2:46 PM
To:	Presto, Kevin M.
Cc:	Benson, Robert; Tessandori, Bobbi
Subject:	Robert Benson's Visa

Kevin:  Rob Benson called me this morning to ask about the process for Permanent Residency (Green Card).  At this time, I have been asked to hold on all new Green Card applications until further notice.

However, we might want to amend Rob's visa status from L1B to L1A, making it easier, faster and cheaper to process the Green Card, hopefully in the near future.

Rob was originally brought into the US in the capacity of Associate and this is why we used the L1B visa and not the L1A at that time.  Now that he is a Director, we should be able to amend his visa to L1A.  (The L1A is usually for Managers or above, or someone managing a function).

Do I have your authority to go ahead with the amendment?  The approximate cost is $1,000.

Thank you
Margaret
x51529


The report named: EMW P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=32&report_name=EMW+P/L&category_cd=9&category_name=EMW&toc_hide=1&sTV1=9&TV1Exp=Y&current_efct_date=11/26/2001>, published as of 11/26/2001 is now available for viewing on the website.


Dear Jeff,

following my phonecall from some time ago, I was waiting for the promised
cheque for the Josef Schulz work you purchased at this years Art Chicago.
Until today, I did not get this cheque and I was wondering if something
went wrong or the cheque got lost in the mail.
Could you please be so kind and check this issue.

If there is any problem in sending a cheque in general, you can also wire
the money if you prefer to do so.
Here are the details of our account:

Bank: Landesbank Baden-Wuerttemberg, Karlsruhe
Account: 4020464
BLZ (Bank registration number): 60050101
Account holder: Galerie Haus Schneider
SWIFT code: SOLADEST

Please excuse this email if you did  send the cheque in the meantime.
However, it would be very nice if you could drop me an answer by email anyhow.

With warmest regards,
Heinz-Martin Weigand
Galerie Haus Schneider


-----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Tuesday, January 08, 2002 1:06 PM
To:	Gossett, Jeffrey C.
Subject:	FW: 11-30 TXU

 -----Original Message-----
From: 	Olney, Matthew
Sent:	Tuesday, January 08, 2002 12:40 PM
To:	McLaughlin Jr., Errol
Subject:	11-30 TXU


Thanks for the note.
Jim Hughes asked the same question you did.  Here is my (and John's) response.
----- Forwarded by Steven J Kean/NA/Enron on 03/09/2001 02:33 PM -----

	Steven J Kean
	03/07/2001 11:41 AM

		 To: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Re: Enron Mentions

It looks like we are playing a smaller role than the WSJ article indicates --
i.e. a role commensurate with our level of interest.  I have talked with John
several times about the relative importance of OPIC, ExIm and other funding
organizations in light of the change in emphasis in our business.  As a
result of those discussions we cut headcount and expenditures from the
proposed budget for "01 and John has joined Linda Robertson's organization in
the DC office (instead of being a stand alone effort).  Having said that, my
view (based on the work John has been doing) is that we continue to have a
considerable amount of work for him to do on the project finance front as a
result of existing projects, projects we continue to pursue, and transfer
issues associated with the asset sales.  Do you agree?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 11:27 AM -----

	John Hardy@ENRON_DEVELOPMENT
	03/07/2001 10:59 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Enron Mentions

Steve
 This is not a battle to fight with OMB, but we have to show the agencies
that we are supportive of  their programs and their budgets.  We are not
going to lead the battle and in fact have not particpated in meetings on the
hill.  But we are in negotiations with both EXIM and OPIC on Electrobolt and
will need their support on our problem projects.  Also, Rebecca McDonald is
on EXIM's private sector advisory committee.  If you need more lets talk.
Thanks John

	Steven J Kean@ENRON
	03/07/2001 11:43 AM

		 To: John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Linda Robertson/NA/Enron@ENRON
		 Subject: Enron Mentions

How important is this fight to us now (see attached article on ExIm)?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 10:41 AM -----

	Ann M Schmidt
	03/07/2001 08:19 AM

		 To: Ann M Schmidt/Corp/Enron@ENRON
		 cc: (bcc: Steven J Kean/NA/Enron)
		 Subject: Enron Mentions

Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
The Wall Street Journal, 03/07/01

Plots & Ploys
The Wall Street Journal, 03/07/01

Dutch Gas Competition Grows Despite Sluggish Reforms
Dow Jones Energy Service, 03/07/01

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.
Reuters English News Service, 03/07/01

Major U.S. Exporters Rush to Export-Import Bank's Defense
Dow Jones Business News, 03/07/01

What's News
United States
The Globe and Mail, 03/07/01

Deal with state could take until 2002 to close
Associated Press Newswires, 03/06/01

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report
Dow Jones Energy Service, 03/06/01

Many Power Deals Announced by California Governor Still Not Final
Dow Jones Business News, 03/06/01

US Natural Gas Prices Fall As Demand Slips In Most Areas
Dow Jones Energy Service, 03/06/01

Economy
Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
By Michael M. Phillips and Laura Heinauer
Staff Reporters of The Wall Street Journal

03/07/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers.
Boeing Co., Caterpillar Inc., Enron Corp., Halliburton Co. and others are
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions; the White House labels the Ex-Im
Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
"Companies large and small who have similar interests here are banding
together to provide an educational effort so people understand the impact of
this," said Chris Hansen, Boeing senior vice president for government
relations.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
"We'll be circulating them very broadly," Mr. Rice said.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
At first, business lobbyists assumed administration budgeteers were just
looking for savings anywhere they could find it. Before President Bush
released his spending plan last week, companies appealed to Mitchell Daniels,
head of the White House budget office, in an attempt to keep the Ex-Im Bank
cuts out of the final proposal.
The Ex-Im Bank's corporate clients include some of the country's largest
political contributors. Boeing, the bank's largest user, received $3.3
billion of financing last year. The Seattle aerospace company and its
employees contributed $1.8 million to politicians and parties during the 2000
election cycle, 61% to Republicans, according to federal election data
assembled by the Center for Responsive Politics. Caterpillar, a Peoria, Ill.,
maker of engines and heavy equipment that secured seven Ex-Im Bank deals last
year, and its employees contributed more than $500,000 -- 96% to Republicans.
Company officials deny they wanted to leverage donations to try to secure
political support for the Ex-Im Bank.
Many lobbyists have come to the conclusion that administration officials --
those of a libertarian persuasion -- oppose Ex-Im Bank as a form of welfare
for corporations. Indeed, the White House budget plan criticized the bank's
operations as unjustified public subsidies for companies. "That makes it a
much more serious issue," Mr. Rice said. "We're concerned that the
administration seems to be turning its attention in this direction."
Barring intervention from Mr. Cheney, business groups now have largely given
up hope of convincing the White House to back down, planning instead to use
their muscle to convince Congress to restore the Ex-Im Bank's funding. Bank
officials and U.S. companies argue that, far from being a subsidy, the bank
simply allows American companies to compete with European and Japanese firms
that receive assistance from their own governments.
"In many markets in Asia and Africa, the bank is absolutely critical to our
ability to sell American-made products," said Bill Lane, Caterpillar's
Washington director for governmental affairs.
--- Corporate Beneficiaries

Top 10 recipients of Ex-Im Bank loans, guarantees and insurance for
fiscal year 2000, as measured by amount of financing, in millions

Boeing $3,335
Bechtel Group $1,075
Distributed Processing Systems $388
Willbros Group $387
United Technologies $334
Raytheon $156
General Electric $150
Halliburton $136
Enron $135
LSI Logic $120

Source: Ex-Im Bank

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

The Property Report
Plots & Ploys
By Peter Grant

03/07/2001
The Wall Street Journal
B10
(Copyright (c) 2001, Dow Jones & Company, Inc.)

[What's Brewing in the Real Estate Market]
No Problem, Houston
CENTURY DEVELOPMENT is about to announce plans to break ground on downtown
Houston's third major office development in less than three years. In another
sign of the strength of the city's energy sector, Century is finalizing a
headquarters deal with Reliant Resources Inc. to take more than two-thirds of
the project's 850,000 square feet, says Edwin Murphy, a Century senior vice
president.
Two other towers also are underway. In 1999, Hines began building a 1.2
million square-foot tower for Enron Corp. and late last year Crescent Real
Estate Equities broke ground on a 27-story tower that will be anchored by
Ernst & Young. These three projects are the first major downtown office
projects to get underway since 1986.
The surge is part of a renaissance of downtown Houston, where new sports
facilities, hotels, apartment buildings and restaurants have been mushrooming
in recent years. "The new amenities have kept people from leaving and enticed
people to come back," says Michael Hassler, of CB Richard Ellis.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Dutch Gas Competition Grows Despite Sluggish Reforms
By Germana Canzi
Of DOW JONES NEWSWIRES

03/07/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- The Netherlands is emerging as an important testing
ground for E.U. gas liberalization, as new trading hubs for competitive,
short-term gas supplies from the U.K. and Norway emerge on the Belgian and
German borders.
However, much remains to be done. A group of large energy users and traders
is preparing to confront Gasunie Thursday in a hearing organized by the
regulator. The main issues of contention are the balancing system, which
Gasunie conducts on an hourly basis, the extent to which transport tariffs
are cost-focused and third-party access to storage facilities.
The emergence of competition in the Dutch gas sector is mostly due to the
initiative of new market entrants who, despite a difficult regulatory
environment, have managed to develop a market for short-term gas virtually
from scratch.
If liquidity improves in these emerging hubs, the Netherlands could become an
important transit country for freely tradeable gas supplies to other
countries in northwest Europe, as well as being an important market in its
own right. However, the difficulty of implementing transparent third-party
access systems in the Netherlands and in neighboring Germany casts a dark
cloud over recent progress in competition.
Since December, Enron Europe Ltd. (U.ENE), Duke Energy Corp. (DUK), E.On AG
(EON), RWE AG (G.RWE) and Electrabel SA (B.ELE) have been actively buying and
selling gas, sourced in the U.K., the Netherlands and Norway, in a number of
hubs between Emden in Germany and Emshaven and Oude Statenzijl in the
Netherlands.
David Gallagher, head of European gas trading at Enron in London, estimates
that at least one trade a day of around 100,000 therms for a quarterly
contract is done at the Oude Statenzijl hub, where the Gasunie pipeline
system connects to the network of Wingas GmbH.
An important element kick-starting short-term trading was the sale, in
December 2000, of a 2 billion cubic meter a year Norwegian gas supply
contract to five Dutch-based power generators.
Robert van der Hoeven, head of fuel procurement at Electrabel, the owner of
Dutch generator EPON, said his company uses most of the gas it imports from
Norway for its plants in the Netherlands and trades the rest on a short-term
basis in the Oude-Emden area. This pattern is common to the other Dutch-based
parties to that contract.
Trading in Dutch hubs received a further boost when Nederlandse Gasunie NV
(N.NEG) decided, after months of wrangling with regulator DTe, to lower its
transport tariffs by 6.5% from January 2001 and to unbundle its combined
commodity and service tariff, the so-called CSS system, from July 2001.
Gasunie now claims its pipeline system is fully open and transparent. To
prove this, it says it has lost 30% of its customers in the eligible market,
but that figure hasn't changed much since March 2000. Small wonder that
critics say the switching figure doesn't necessarily indicate an ideal system
of third-party access.
According to energy consultants The Brattle Group, around half of the gas
used by alternative suppliers goes through the 1 bcm/year Zebra pipeline from
Zelzate to Zeeland, which was built by Dutch utilities a few years ago
precisely because Gasunie refused to provide access on favorable terms.
Shippers have complained that the hourly system used by Gasunie to balance
the pipeline system raises the overall cost of shipping through its network
significantly. Gasunie imposes a balancing charge which effectively forces
shippers to pay for the extra gas brought into the system from storage sites,
in addition to the capacity and transmission price. Critics say Gasunie has
so far failed to unbundle these charges, although it agreed to do so in
January.
According to the Brattle Group, another controversial aspect of Gasunie's
tariff system is that it is based on theoretical costs of constructing new
pipelines rather than its actual costs.
The DTe is also considering ways of reforming the storage system to make it
competitive. BP PLC (U.BP) and Nederlandse Aardolie Maatschappij NV operate
storage facilities and lease capacity to Gasunie through long-term contracts.
The regulator is studying ways of allowing third parties access to storage
facilities. Gasunie has so far shown little sign of negotiating more
competitive tariffs with storage operators and passing on the benefits to
customers, critics say.
The growth of short-term trading in the Dutch gas market is also inevitably
linked to its potential as a transit country for gas coming from the
U.K.-Belgium gas interconnector and going towards the 82bcm-a-year German
market.
Market participants say liquidity at the Emden and Oude hubs has grown
considerably since E.On and RWE started trading there earlier this year.
However, the obstructive attitude of incumbents toward third-party access
there has meant that so far most gas traded in the Netherlands has remained
there.
-By Germana Canzi, Dow Jones Newswires; +44 20 7842 9283;
germana.canzi@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.

03/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, March 7 (Reuters) - America's largest exporters are launching an
aggressive lobbying campaign on Capitol Hill to protect the Export-Import
Bank from budget reductions, the Wall Street Journal reported in its online
edition on Wednesday.
The exporters, including Boeing Co. , Caterpillar Inc. , Enron Corp. ,
Halliburton Co. and others, are angry and confused that a Republican
administration has targeted one of their favourite programmes for big cuts,
the paper reported.
Ex-Im Bank officials were not talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25 percent cut in
the bank's $865 million operating budget for the current fiscal year, which
ends Sept 30, it said.
The White House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," Edmund
Rice, president of the Coalition for Employment Through Exports, an industry
group that is leading the effort, was quoted as saying by the paper.
Executives at Boeing, Caterpillar and other big companies plan to contact
some 100,000 smaller suppliers who benefit indirectly from the $12.6 billion
of export loans, guarantees and insurance that Ex-Im Bank provided in the
last fiscal year, the paper said.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank, it said.
New York Newsroom (212) 859-1700.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Major U.S. Exporters Rush to Export-Import Bank's Defense

03/07/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers, Wednesday's Wall Street
Journal reported.
Boeing Co. (BA), Caterpillar Inc. (CAT), Enron Corp. (ENE), Halliburton Co.
(HAL) and others are launching an aggressive lobbying campaign on Capitol
Hill to protect the Export-Import Bank from budget reductions; the White
House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Report on Business: The Wall Street Journal
What's News
United States
Wall Street Journal

03/07/2001
The Globe and Mail
Metro
B10
"All material Copyright (c) Bell Globemedia Publishing Inc. and its
licensors. All rights reserved."

Boeing Co., Caterpillar Inc. and Enron Corp. are among the big U.S. exporters
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions. The White House labels the Ex-Im
Bank as corporate welfare. "The administration has fired its shot, and now
we're firing ours," said Edmund Rice, president of the Coalition for
Employment Through Exports, an industry group leading the campaign. Since
they got wind of the proposed cuts a few weeks ago, business lobbyists have
been trying to rally sympathetic U.S. law makers.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Deal with state could take until 2002 to close
By LESLIE GORNSTEIN
AP Business Writer

03/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LOS ANGELES (AP) - A tentative deal aimed at rescuing Southern California
Edison from insolvency might not close in time to prevent the utility from
begging creditors for more patience, Edison officials said Tuesday.
The utility's tentative, $2.7 billion agreement to sell its power lines to
the state could take until 2002 to be consummated, thanks to complicated
legal issues and other paperwork, an Edison official told bondholders Tuesday.
Once the deal is signed, Edison will try to borrow against the promised cash,
but Edison International Chief Financial Officer Ted Craver admitted the
utility might have to ask creditors to simply wait for their money until it
has the $2.7 billion in hand.
Energy suppliers owed money by Edison did not immediately return calls for
comment Tuesday.
At least four groups of suppliers have sued Edison for millions in unpaid
bills going back months. Edison and fellow utility Pacific Gas & Electric
have said they have lost $13 billion on the open power market thanks to
soaring prices paired with state-imposed price caps.
PG&E's parent company was able to recently borrow $1 billion to pay its
stockholders and its debuts. It did not use any of that money to pay PG&E's
bills.
Edison's disclosure, meanwhile, shocked state officials.
Steve Maviglio, spokesman for Gov. Gray Davis, initially declined to comment
on the status of the Edison deal, but eventually said, regarding its closure,
"We're optimistic it will be sooner rather than later."
The pacing would have nothing to do with whether fellow utilities Sempra
Energy and PG&E also sell their transmission lines to California, Craver
said.
Among the things that could delay the deal's closing is Edison's need to find
landowners on whose property its lines were built to assure no legal
agreements are being violated by the sale. Edison would also have to pin down
exactly what it would be selling to the state - terms that might not be
decided until after a deal has been inked, Craver said.
"Trust me," Craver said in a phone call after the conference. "There are a
lot of legal-type documents - stuff that you and I ... would think of as a
bloody nightmare."
The disclosure comes at a time when an increasing number of power suppliers
are suing the utility for millions in unpaid bills.
Edison also disclosed Tuesday that two more lawsuits had landed in its lap -
one by a group of wind-powered generators including Enron Wind, the other by
two suppliers including New York-based Caithness Energy.
Both suits were filed during the past five days, Edison Assistant General
Counsel Barbara Reeves said. It was not immediately clear how much the
complainants were seeking; neither Enron nor Caithness returned calls for
comment.
The two filings bring the total number of suits by renewable-energy suppliers
against Edison to four, the utility said. The city of Long Beach and
CalEnergy Operating Group, a geothermal supplier, have also sued for back
payments.
CalEnergy alone has said it is owed $45 million in November and December
payments.
The line sale, part of a multifaceted, tentative deal with the state that
could save Edison from insolvency, could take anywhere from several months
into next year, Craver said.
The tentative deal, announced by Gov. Gray Davis Feb. 23, calls for the state
to pay more than twice the book value for Edison's lines.
It also would require Edison to sell cheap power to the state for a decade
and for Edison to end its lawsuit against state regulators. The suit asserts
that price caps imposed by the California Public Utilities Commission are
illegal under federal law.
Additionally, Edison's parent would have to return $420 million it collected
from the utility over the past several years. The money was used to pay debt,
buy back stock and pay dividends to investors.
SCE, PG&E and Sempra have complained they are near bankruptcy because of
soaring prices on the open market combined with the state-imposed price caps
for consumers.
Sempra and PG&E have yet to announce similar line-sale deals with the state,
though they and the governor have said negotiations are ongoing. The total
cost of the 26,000 miles of lines has been estimated at $4.5 billion to $7
billion.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- Sierra Pacific Resources (SRP) CEO Walter Higgins
said in an interview last week that he doubts the company's $3.1 billion
acquisition of Enron Corp.'s (ENE) utility Portland General Electric will be
approved by the federal Securities and Exchange Commission, the Las Vegas Sun
reported Tuesday.
The SEC must find that Sierra Pacific is in a strong financial position
before it will approve the deal, but the company is currently weakened by
having lost millions of dollars in fuel and purchased power costs, Higgins
said in the report.
A $311 million rate increase to cover those costs began March 1, but Higgins
said that money would only pay back those expenses and wouldn't improve the
company's stability to a level the SEC would find adequate, according to the
report.
The Public Utilities Commission can halt the rate hike and order refunds if
it decides the hike isn't necessary. The PUC is holding hearings to determine
the prudency of the hike, and members of the state's powerful casino and
mining industries have filed to intervene.
Sierra Pacific's plan to shore up its financial position through the sale of
its 10 power plants, worth nearly $2 billion, may also be in jeopardy. The
state Senate is considering a bill to block the sales, and Nevada Gov. Kenny
Guinn recently sent a letter to the PUC asking that it reconsider its order
allowing electric utilities to sell assets.
Financial analysts have said that not allowing Sierra Pacific's two utilities
to sell their assets would have a ripple effect on the company's financial
position. The asset sales are tied to low-priced power contracts, and if the
sales are canceled, the low-priced power will be gone as well.
"If the divestiture is stopped...the state may be dealing with a much bigger
rate increase," Steve Fleishman, Merrill Lynch utility analyst, told Dow
Jones Newswires recently.
Sierra Pacific is the parent company of electric utilities Sierra Pacific
Power Co. and Nevada Power, which serve customers in the state's North and
South, respectively.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
jessica.berthold@dowjones.com -0- 07/03/01 01-04G

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Many Power Deals Announced by California Governor Still Not Final
By Jason Leopold

03/06/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Dow Jones Newswires
LOS ANGELES -- Many of the long-term power-supply contracts announced by
California Gov. Gray Davis this week remain under negotiation or are the
subject of ongoing lawsuits, power suppliers said Tuesday.
The lack of finality to the deals raises questions about the state's success
in covering its power needs, particularly going into what is expected to be
an unusually tight summer.
Generators said privately they were surprised the governor went ahead with
his announcement Monday, given that many of the contracts haven't been
signed.
David Freeman, general manager of the Los Angeles Department of Water and
Power, who negotiated the contracts on behalf of the state, conceded that
details remain to be worked out. "This is not a done deal," Mr. Freeman said,
adding that credit concerns are keeping generators from signing the deals.
Gov. Davis announced Monday that California has secured 40 long-term
contracts that will provide California with about 629 million megawatt hours
of electricity over 10 years, at a price of more than $40 billion. A megawatt
hour is roughly the amount of electricity needed to power 1,000 homes.
Several of those forward deals, however, involve contracts originally held by
Edison International (EIX) unit Southern California Edison and PG&E Corp.
(PCG) unit Pacific Gas & Electric at the California Power Exchange,
previously the state's main power market.
The governor seized those contracts earlier this year, just before the Power
Exchange liquidated them to cover hundreds of millions of dollars in power
bills the utilities had failed to pay.
The contracts, which total about 1.3 million megawatt hours of electricity
and have a market value of about $1 billion, according to market sources,
have yet to be paid for or signed over to the state. Duke Energy Corp. (DUK),
one of the suppliers that sold the contracts to Pacific Gas and SoCal Ed, has
sued Gov. Davis for unlawfully commandeering those contracts.
Although Duke has reached an interim settlement to continue providing power
to the state Department of Water Resources until April 30, the company and
the Davis administration still have to "develop a comprehensive long-term
settlement to pay for the power supply contracts," said Duke spokesman Tom
Williams.
The governor went ahead with the announcement, because the California
Department of Water Resources believes it will be able to finalize and sign
the contracts over the next several weeks, Davis spokesman Steve Maviglio
said.
Separately, several suppliers named in the governor's announcement Monday --
including Duke, Reliant Energy Inc. (REI), Mirant Corp. (MIR), Sempra Energy,
Enron Corp. (ENE) and Avista Corp. (AVA) -- said they have yet to sign final
agreements with the state, although negotiations were ongoing.
"We are working in good faith with the DWR toward a long-term contract," said
Art Larson, spokesman for Sempra Energy Resources, a unit of Sempra. Mr.
Larson said Sempra signed a terms of agreement with the water-resources
department and expects to reach a final agreement over the next several
weeks.
Reliant said it has only signed a short-term contract with the state that
expires in about two weeks. The company will only sign a long-term contract
once it's paid more than $400 million owed by Pacific Gas and SoCal Ed,
spokesman Richard Wheatley said.
Mirant said it also won't sign contracts with the state until it's paid.
Enron said it's reached agreement on terms with the state, but has some
credit-related details to hammer out. "Everything's been agreed to except for
some credit technicalities," Enron spokesman Mark Palmer said.
Meanwhile, small, independent power plants in California that are capable of
generating 1,800 megawatts of power are shut down because their owners
haven't been paid by the state's two main utilities, the California
Independent System Operator said Tuesday.
The decline in small-plant output has contributed to the state's power-supply
problems the past two months. Partnerships involving El Paso Corp. (EPG), for
example, shut down 350 megawatts of generation last weekend due to
nonpayment, the company said Tuesday.
SoCal Ed hasn't paid the owners of the smaller generators, known as
"qualifying facilities," since early December, which means the generators are
still owed for electric production in October, while PG&E has paid only a
small percentage of its qualifying facility bills since its last full payment
in early January.
The plants, one-third of which are powered by renewable sources like wind and
solar power, meet almost 30% of California's electricity needs. Almost all of
the closed generators are fueled by natural gas, and many haven't been able
to pay their gas suppliers and have been cut off from their gas supply.
The California Senate Energy Committee plans to vote on legislation to create
a new pricing system for all qualifying facilities this week. The proposed
bill would cut the prices to qualifying facilities from about 17 cents a
kilowatt-hour the past eight months to about eight cents, depending on the
price of five-year natural-gas contracts the generators can sign. The plants
that run on renewable resources would be paid 5.4 cents a kilowatt-hour.
-- Mark Golden contributed to this article.
Write to Jason Leopold at jason.leopold@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

US Natural Gas Prices Fall As Demand Slips In Most Areas

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- U.S. natural gas physical prices fell Tuesday as demand
eased, except in the Northeast and Southeast areas of the country, traders
said.
Heavy snowstorms in the upper Northeast supported some pricing, as did cooler
weather in Georgia, the Carolinas and the Florida panhandle.
Some storage buying occurred in Texas "if they could make it work," a trader
said.
"It was a pretty uneventful day," a Gulf Coast trader said late Tuesday.
Also, because of the snowstorm in the Northeast, traders had purchased gas
ahead of time to make up for needed load, he said.
A scheduled work outage on Enron's Transwestern San Juan lateral in New
Mexico was completed, and the return of a power plant in California
alleviated demand in the West, traders said.
At the Arizona-California border hub, buyers paid around $13-$33 a million
British thermal units, West Coast traders said, down as much as $15 from
Monday.
At PG&E Citygate, prices were mixed, with buyers paying $9.75-$10.65/MMBtu,
down 25 cents on the bid, up 15 cents on the offer.
In the Midwest, Chicago Citygate prices fell 7 cents-8 cents to a range of
$5.42-$5.53/MMBtu. Alliance Pipeline into Chicago traded around
$5.47-$5.52/MMBtu, down 4 cents to 9 cents from Monday.
The Nymex April natural gas futures contract settled at $5.315/MMBtu, down
2.1 cents in a tight, range-bound, uneventful session that started late due
to bad weather.
Physical gas prices at the benchmark Henry Hub in south Louisiana ended in a
range of $5.25-$5.30/MMBtu, down 2 cents-6 cents from Monday.
Transcontinental Gas Pipe Line at Station 65 deals were made in a similar
range of $5.26-$5.35/MMBtu, down 2 cents on the bid, unchanged on the offer.
At Katy in East Texas, buyers paid $5.21-$5.30/MMBtu, down 5 cents-6 cents.
At Waha, prices fell 9 cents-12 cents to a range of $5.15-$5.30/MMBtu.
-By John Edmiston, Dow Jones Newswires; 713-547-9209;
john.edmiston@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


Looks good to me - don't forget the ENA Legal offsite 10/5 & 6 (it's usually
over by noon on Friday - Travis could probably let you know for sure).

	Sara Shackleton
	07/31/2000 08:38 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Taffy Milligan/HOU/ECT@ECT
		 Subject: vacation

I would like to take the week of October 9 - 13 as vacation.


FYI: Below is some information on the 2nd Annual Texas Finance Festival.

---------------------- Forwarded by Cindy Justice/HOU/ECT on 03/13/2000 09:52
AM ---------------------------

"John D. Martin" <J_Martin@baylor.edu> on 03/13/2000 09:43:51 AM
To: Cindy Justice <Cindy.Justice@enron.com>
cc: Bill Petty <Bill_Petty@baylor.edu>
Subject: Re: Texas Finance Festival

Cindy,

Yes, it's just around the corner and we have our very best program ever.
Our web site is up at

http://hsb.baylor.edu/html/martinj/festival2.html

check it out.  Actually, I was waiting for the final version of the program
from Sheridan to post it before getting in touch with you this week.  We
are planning on a room capacity group of 45-50 folks and are finalizing the
plans for entertainment for Friday and Saturday night on the riverwalk.
Bill is handling the arrangements this year and I'll pass this message on
to him as well.

Do you think we could get an Enron speaker for Saturday's luncheon?  Last
year was fabulous and would be hard to top but we'd like to try.  San
Antonio should be a bit easier on the speaker too.  Let me know what your
thoughts are on everything including the speaker.

Bill and I are leaving town Wed afternoon to go to a Harvard conference so
maybe we could talk before then.

We're getting excited and want to get you guys involved for it is your
personal (and financial) support that makes the conference really work.

John

At 01:09 PM 3/10/00 -0600, you wrote:
>
>
>John -
>
>I haven't heard from you in a while and realized that the Texas Finance
Festival
>is around the corner on April 7 & 8. How are things going?
>
>Cindy Justice
>
>
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Thought you might enjoy poking some fun at plove's hometown.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/04/2001
08:15 AM ---------------------------

Dobbs_Shane <Shane.Dobbs@fctg.com> on 05/04/2001 07:26:37 AM
To: beth <bethbyerley@yahoo.com>, Bev <BeverlyFulghum@andrewcollege.edu>,
Bonnie <tharpbl@eng.auburn.edu>, Bud <dobbsmw@auburn.edu>, chance
<chancewood@hotmail.com>, Emily <hamptone@booksamillion.com>, Fulford
<fulfordb@aol.com>, Jim <jwood@regionsbank.com>, Jult <JDobbs7792@aol.com>,
LD <gwave85@hotmail.com>, Linda <lulu@sonet.net>, Matt
<doobsie@bellsouth.net>, "Ms. Laura" <lebrown76@hotmail.com>, ONE-up
<dobbswn@auburn.edu>, Phil <Phillip.M.Love@enron.com>, Robin
<robincass@hotmail.com>, Stacy <bearden@us.ibm.com>, Watch-it!
<melfrench3@aol.com>
cc:
Subject: FW: test answers

-----Original Message-----
From: Brooke [mailto:Brooke@megagate.com]
Sent: Wednesday, May 02, 2001 5:10 PM
To: Dobbs_Shane
Subject: FWD: test answers

These are reported to be actual test answers from various schools in the
Huntsville, Alabama metropolitan area:
>
> Q: Name the four seasons.
> A: Salt, pepper, mustard and vinegar.
>
> Q: How is dew formed?
> A: The sun shines down on the leaves and makes them perspire.
>
> Q: What is a planet?
> A: A body of earth surrounded by sky.
>
> Q: What guarantees may a mortgage company insist on?
> A: If you are buying a house, they will insist you are well
> endowed.
>
> Q; Name a major disease associated with cigarettes.
> A: Premature death.
>
> Q: How can you delay milk turning sour?
> A: Keep it in the cow.
>
> Q: How are the main parts of the body categorized?
> A: The body is consisted into three parts - the brainium, the
> borax and = the
> abdominal cavity. The brainium contains the brain, the borax
> contains the heart and lungs and the abdominal cavity contains the
> five bowels, A, E, = I,
> O, and U.
>
> Q: What is the fibula?
> A: A small lie.
>
> Q: What does "varicose" mean?
> A: Nearby.
>
> Q: Give the meaning of the term "Caesarean Section."
> A: The caesarean section is a district in Rome.
>
> Q: What is a seizure?
> A: A Roman emperor.
>
> Q: What is a terminal illness?
> A: When you are sick at the airport.
>
> Q: Use the word "judicious" in a sentence to show you understand
> its meaning.
> A: Hands that judicious can be soft as your face.
>
> Q: What does the word "benign" mean?
> A: Benign is what you will be after you be eight.
>
> Q: What is a turbine?
> A: Something an Arab wears on his head.
>
> Q: What is a Hindu?
> A: It lays eggs.


I might be able to get to it tomorrow if its a slow bid week, if not, then by
Wed of next week.

Darla Saucier@ENRON
11/27/2000 11:50 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: New Power Company

Hi Chris,

Please give me a call this afternoon and let me know if you've had a chance
to look over the deals for october that Mary Ellenberger emailed to you last
week. I would like to get this matter resolved this week.

Thanks
Darla


----- Forwarded by Richard B Sanders/HOU/ECT on 12/27/2000 02:47 PM -----

	John Enerson
	11/15/2000 02:42 PM

		 To: Lisa King/HOU/ECT@ECT
		 cc: Richard B Sanders/HOU/ECT@ECT
		 Subject: Re: Ice Drilling

Lisa - The attached schedule calculates interest on overdue interest at the
9.9% rate.  This is fine except that I do not know if we are able to charge
interest on overdue interest.  That is Richard Sanders call - Richard, please
let us know.  If we can charge interest on interest, this schedule is fine.
Otherwise, we will have to recalculate using simple interest.

Lisa King
11/15/2000 02:19 PM
To: John Enerson/HOU/ECT@ECT
cc:
Subject: Ice Drilling

John-

Attached is the schedule that we had at Monday's meeting which has been
updated through 10/31/00.   After looking more closely at the schedule and
the way it is calculating interest, it appears that interest is being
compounded.  The estimate that we had used in Monday's meeting was simple
interest for one year calculated on the sum of $1,061,300.90 and $264,452.89
(October 1999 values) which equated to roughly $131,246.65.  However,  based
on the schedule's calculation, I believe the total interest and principal due
is $1,171,585.67.  Please look over this schedule and see if you agree with
my thinking.

Thank you,
Lisa


Sharon:

With respect to the ENE form of guaranty, we will agree to delete Paragraph 4
(setoff and counterclaims) in its entirety.  This is a major concession by
ENE.  Can you now agree to the remainder of the ENE guaranty format?  Please
let me know.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Please see below, Global Contracts has approved copying the profile for the
new product type.
THX:
Kelly@5-8491
---------------------- Forwarded by Kelly Lombardi/NA/Enron on 03/20/2001
04:55 PM ---------------------------

Anthony Campos@ECT
03/20/2001 04:32 PM
To: Kelly Lombardi/NA/Enron@ENRON
cc: Georgi Landau/NA/Enron@ENRON, Karen Lambert/HOU/ECT@ECT

Subject: Re: New Product Type: US Crude Fin Opt Call and Put

Approved.

Thank You,
Anthony

	From:  Kelly Lombardi @ ENRON                           03/20/2001 04:21 PM

To: Anthony Campos/HOU/ECT@ECT, Georgi Landau/NA/Enron@ENRON
cc: Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron
Subject: New Product Type: US Crude Fin Opt Call and Put

Please approve the new product codes below.  Reply by e-mail - deadline is 9
a.m. on Wednesday, March 21st.
THX:
Kelly
---------------------- Forwarded by Kelly Lombardi/NA/Enron on 03/20/2001
04:25 PM ---------------------------
From: Lisa Lees@ECT on 03/20/2001 04:15 PM
To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron, Tom Moran/HOU/ECT
cc:

Subject: New Product Type: US Crude Fin Opt Call and Put

The product type long descriptions below will fall under the new product
types US Crude Fin Option Call and US Crude Fin Option Put .  Credit (Tom
Moran) has approved copying the profiles for the new product types from the
following:

 US Crude WTI Fin Swap

Please respond by 10 a.m. on Wednesday, March 21.

Thank you.  Lisa
---------------------- Forwarded by Lisa Lees/HOU/ECT on 03/20/2001 03:05 PM
---------------------------

From:  Melba Lozano
  03/15/2001 02:04 PM

To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Tom Moran/HOU/ECT,
Bjorn Hagelmann/HOU/ECT, Shifali Sharma/NA/Enron, Stephen H Douglas/HOU/ECT,
Susan Musch/ENRON_DEVELOPMENT
cc: Robert B Cass/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Chris
Walker/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron,
Carlos Alatorre/NA/Enron@Enron, Pavel Zadorozhny/HOU/ECT@ECT, Tara
Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT
Subject: Approval needed for US Crude Fin Opt Call and Put

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail). If you have any questions please call me at ext.
58986.

Trader: Pavel Zadorozhny

EXAMPLES:
US Crude Fin Opt NYMEX-WTI EC___  May01  USD/bl/m

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price.The Option style and type shall be a European
Call ("EC").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 May 2001
to the Termination Date of 31 May 2001.

The Exercise Period(s) shall be the expiration day of the NYMEX Light, Sweet,
Crude Oil Options Contract for the applicable Determination Period. The Index
for each Exercise Period shall be the settlement price of the NYMEX Light,
Sweet, Crude Oil Futures Contract for the applicable Determination Period on
the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for
the applicable Determination Period.

The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per
month.

Put
A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Strike Price minus the Index.  The Option style and type shall be a European
Put ("EP").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 May 2001
to the Termination Date of 31 May 2001.

The Exercise Period(s) shall be the expiration day of the NYMEX Light, Sweet,
Crude Oil Options Contract for the applicable Determination Period. The Index
for each Exercise Period shall be the settlement price of the NYMEX Light,
Sweet, Crude Oil Futures Contract for the applicable Determination Period on
the expiration day of the NYMEX Light, Sweet, Crude Oil Options Contract for
the applicable Determination Period.

The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be Barrels per
month.
==============================================================================
=====

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"


Hi Ivonne,

I opened up new bank accounts recently and need to set up direct deposit for my pay checks and expense reports.  Could you let me know what all I need to do to have this set up?  I have already filled out the form available on eHRonline.com.  If you could either email me with the instructions or call at ext. 31455 I would appreciate it.

Thanks,
Susan


I have some questions myself about the data contained below, but it is
largely accurate, and for those of you following Europe from afar, I thought
this summary was a convenient way to share with you the status of
developments in Europe.   call if you have any questions.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 12/12/2000
16:44 ---------------------------

Kyran Hanks
12/12/2000 16:02
To: Paul Turner/LON/ECT@ECT, Bob Manasse/LON/ECT@ECT, John
Oliver/LON/ECT@ECT, Robert Saltiel/LON/ECT@ECT, Ron Bertasi/LON/ECT@ECT,
Stuart G Rexrode/LON/ECT@ECT, Patrick Bastien/LON/ECT@ECT, Kirsten
Wolf/LON/ECT@ECT, David Haworth/LON/ECT@ECT, Patricia Graham/LON/ECT@ECT,
Hala Tayyarah/LON/ECT@ECT, Christoph Waltenspuel/LON/ECT@ECT, Kevin
Greiner/FRA/ECT@ECT, Jackson Vo/HOU/EES@EES, Dung Tran/LON/ECT@ECT
cc: Mark Schroeder/LON/ECT@ECT, Paul Dawson/Govt. Affairs/LON/ECT@ECT, Doug
Wood/LON/ECT@ECT, Sadia Haider/LON/ECT@ECT

Subject: Country and EU liberalisation summaries

All

Given the number of requests that we have for country summaries, Sadia has
put together these two files.  The first of these files contains for each
country of the EU, for power and gas, a description of each country's
deregulation, and current issues.  I think we will update this every month or
so.

The second file contains some EU wide stuff - maps of liberalisation, the
flags showing liberalisation etc.

Let me know if you need anything else - our next step is to add reported
price data.  These are also on the s:\ees\risk mgt\presentations shared space

Enjoy.

K.
---------------------- Forwarded by Kyran Hanks/LON/ECT on 12/12/2000 15:59
---------------------------

Sadia Haider
07/12/2000 16:43
To: Kyran Hanks/LON/ECT@ECT
cc:

Subject: country slides


Dear FRANCISCO,

Your enrollment status has been changed from 'Enrolled' to
'Removed from course' for the following course:

Course Title    : Understanding Swaps
Course Code     : USWAPS-121301
Course Type     : Instructor Led Course

Starting Date   : Dec 13, 2001 8:00 AM
Ending Date     : Dec 14, 2001 5:00 PM

Thank you.


call me when you get in please. I have a couple of questions on this.

BT

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 05, 2001 4:36 PM
To:	Tycholiz, Barry
Subject:	FW: San Juan Wellhead proposal

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 05, 2001 3:35 PM
To:	'htebs@huber.com'
Subject:	San Juan Wellhead proposal

Please find the attached LOI.  See if it meets with your understanding of the deal.  The document is non-binding but will serve as a framework for the actual agreements.  I will send you draft versions of the other documents on Monday.

Have a great weekend!

 << File: HuberSan Juan LOI.doc >>


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-----Original Message-----
From: 	Hanagriff, Richard
Sent:	Friday, February 08, 2002 1:08 PM
To:	Schoolcraft, Darrell
Subject:	TW imbalances


CONGRATULATIONS!!!
PAT JOHNSON is the winner for +The Name This Newsletter Contest,.  It was a
close call. After receiving over 50 great ideas, the PR Dept had a tough time
narrowing the list to the top ten for Mark Frevert,s final decision.  We,d
like to thank everyone who submitted suggestions and a special thanks to Pat
Johnson for sending in the winning name EnTouch.

BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the OTC
market have climbed to the low $40s.  The highest reported trade for December
was reported at $38.50.   The tightness should continue through the first
half of the year  with the Martin County mine still shut down.  The rest of
the year remains strong piggy backing off of the current spot market.

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances
broke out of this trading range this week.  The low trade was around $119.50
and the last trade was around $120.50.  The sharp drop in prices was caused
in large part by the news of Dominion Virginia Power settling the New Source
Review lawsuit brought against it by the state of NY and the EPA Continuing
rumors of further NSR related settlements will likely create continued
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless
Energy microturbine products to supply superior on-site energy service to
U.S. commercial and light industrial customers, announced that Enron North
America has completed an equity investment in Solo Energy as well as entered
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron
will assist in obtaining fuel contracts to support the Company,s distributed
generation contracts, including the provision of gas and backup electricity,
and will work with the Company to support its market and gas technology
research.

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an
original PR stunt, the EnronCredit.com team organized a Grim Reaper with two
female vampires to distribute candy carrying the message, "Corporate
bankruptcies are on the increase and could be your worst nightmare. You can
protect your company and sleep well at night". Locations for the distribution
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general
feedback and reaction of people was positive. Photos of the event will be
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Japan
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short
kimono - and used ceremonial hammers to break the lid of a wooden cask of
sake in front of an audience of 350 drawn from major companies and
government.  Enron has made an immediate impact already by offering eligible
consumers 3-5 year contracts with immediate savings of up to 10 percent in
the first year.   View the Japan website at www.enron.co.jp  [No worries,
it's in Japanese and English ...Ed]

There are 35 Enron employees in the Tokyo office including an Enron Metals
team.  EBS will be staffing up there over the coming months.

Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio
management agreement covering UPM Kymmene's Nordic power portfolio. The
Mid-Market desk in the Oslo office will assist UPM in optimising its
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the
risk management system used in the process. In addition, the agreement opens
the door for Enron Energy Services to explore a variety of opportunities
within the company. The Nordic agreement is the first step towards a broader
scope of co-operation with UPM on a European and Global basis. The total
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which
2500 MW in Finland and about 500 MW in other countries. The group's power
procurement totals approximately 18 TWh per year, of which about 14 TWh in
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest is
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy/energybuild.html

The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by
Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -
Legal.

Congratulations on a job well done to all those who worked so hard to put
this transaction into place........Thor Lien.

Australia
Despite heavy flooding in NSW, the weather is looking up for Enron
Australia.  Last week, the Sydney Office launched online Hong Kong weather
derivatives  and the Sydney weather node traded on EnronOnline in the US time
zone.  With this precedent, we hope to support the takeoff of global weather
on EnronOnline.

The Coal Group in Sydney has suddenly become very popular. There is no doubt
that a recent sale to AES for the plant at Barbers Point, Hawaii is the real
reason.  Coal purchases during year 2000 have been concluded with most major
producers in Indonesia and Australia.  We will soon be loading our first
shipment from China. Deliveries to Nippon Steel in Japan are underway. Also,
a shipment to a large power utility in Japan will take place in early 2001.

Off-shore wind plans
Enron has entered into agreement to purchase the development assets of a 30
MW offshore wind project in the UK.  The Harwich project, situated in
Gunfleet Sands approximately eight kilometres offshore in the North Thames
Estuary is believed to represent one of the first serious investments in the
development of offshore wind energy in the UK.

ENRONONLINE STATISTICS

Below are the latest figures for EnronOnline as of November 27, 2000.

* Total Life to Date Transactions> 464,000
* Life to Date Notional Value of Transactions > $263 billion

NUGGETS & NOTES

"How does your earnings target look for the quarter?" ) Brent Price,
VP/Operations & Chief Accounting Officer for EGM

"Always price the illiquidity risk premium appropriately!" ) Doug Friedman,
Director of Financial Petrochemicals and Plastics

What people say to Julie Gomez,VP/Upstream Services-ENA - "I heard your laugh
clear across the floor!!!"

IN THE NEWS

"The uncertainty [of the presidential election] does not influence business.
It is a relatively short-term distraction. Our business model has not changed
and will not change as a result of the election because we've worked very
well with both the Clinton/Gore administration in Washington and the Bush
administration in Texas."
-- Mark Palmer, vice president of Enron Corporate Communications, Associated
Press

"The name of Enron may be unfamiliar in Japan, but it should not stay that
way for long.........Joseph Hirl, president of Enron Japan, says: "We don't
go in and try to destroy markets - we go in and create them."  Some of the
company's potential customers and business partners may still need to be
persuaded of that, but Enron has a large stock of experience to reassure
them".---Financial Times

WELCOME
New Hires ENA/EIM/EGM
ENA ) Lydia Atwood-Minter, Kenneth Thibodeaux, Lacye Trevino-Brymer
EGM )Humaira Badat, Daiquiri Lucas

Transfers to ENA/EIM/EGM
ENA ) Trinh Abrell, Terri Austin, Guillermo Balmaceda, Eric Booth, Robert
Chmielewski, Joyce Dorsey, Sharon Gonzales, Laura Gutierrez, Scott Healy,
Dawn Kenne, Robert Kraszewski, Sandra Morris, David Porter, Daniel Quezada,
Henry Quigley, Steven Rose, Felecia Russell, Mary Symes, Dan Williams,
Rosalinda Zermeno
EGM ) Braedi Craig, Scott Baukney, Samantha Davidson, David Loosley, John
Massey, Diana Monaghan, Adam Siegel, Ioannis Tzamouranis

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


do you still like apple?  looks pretty safe down here.  p/e is only 9.  what
do you think?


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.


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 Player Updates?NBA Reports?
 Latest NBA Player News

 Muggsy Bogues , G TOR - Free Agent Updated 11/11/00
 The Raptors placed Bogues on the injury list today, as he will be out four
to six weeks after undergoing arthroscopic surgery on his right knee. To
replace him on the roster, Toronto activated center Garth Joseph, who at 7-2
is nearly two feet taller, from the injured list.

 Kelvin Cato , C HOU - Free Agent Updated 11/10/00
 The Rockets placed Cato on the injured list today, as he will be out for up
to six weeks with a high left ankle sprain. Houston activated rookie forward
Dan Langhi, who has been out all season with an upper leg injury, from the
injury list to replace Cato on the roster.

 Dirk Nowitzki , F DAL - Tribe Called PLove Updated 11/10/00
 Nowitzki sprained his left(non-shooting) shoulder Thursday after practice
and is doubtful for Friday's game.  Look for Michael Finley or Christian
Laettner to replace him in the starting frontcourt.

 Lamond Murray , F CLE - Free Agent Updated 11/10/00
 Murray sat out practice Thursday with a sprained left knee but is expected
to play against Toronto Friday.  Look for Matt Harpring to start at small
forward if Murray is unable to play.

 P.J. Brown , F CHA - Free Agent Updated 11/10/00
 Brown sat out Thursday's game due to a strained left achilles.  He is
expected to play in Saturday's road game against the Knicks.

 Dikembe Mutombo , C ATL - Fear Updated 11/10/00
 Mutombo scored 15 points and grabbed 17 rebounds in his first game of the
season Thursday.  He had missed the first five games and most of the
preseason with a case of Malaria.

 Latrell Sprewell , G NY - The Wave Updated 11/10/00
 Sprewell missed Wednesday's game against Cleveland and will sit out Friday's
matchup against the Celtics.  Glen Rice will start at small forward for the
Knicks in his absence.

 Chris Childs , G NY - Free Agent Updated 11/10/00
 Childs left Wednesday's game against the Cavaliers with a bruised right
hamstring.  He limped to the locker room with his leg heavily wrapped in
ice.  He is listed as day-to-day.  Erick Strickland will backup Charlie Ward
at point guard if Childs is unable to play.

 Dan Majerle , G MIA - Free Agent Updated 11/10/00
 Majerle will try to run at practice today and is not sure whether he will be
ready to return Saturday.  He has missed the first four games of the season
with a hamstring injury.

 Eric Williams , F BOS - Free Agent Updated 11/10/00
 Head coach Rick Pitino has moved Paul Pierce to small forward so Williams
will now come off the bench for the Celtics.  He is averaging 4.0 points and
2.3 rebounds per game.

 Paul Pierce , F BOS - Fear Updated 11/10/00
 In a move to prevent Pierce and Antoine Walker from being double-teamed,
head coach Rick Pitino has inserted Bryant Stith and Rick Brunson into the
starting lineup.  Stith will play shooting guard and Pierce will move to
small forward.  This move shouldn't affect Pierce when playing against teams
in the Eastern Conference but could influence his numbers when he plays
against the taller small forwards in the West.

 Bryant Stith , G BOS - Free Agent Updated 11/10/00
 Stith will make his debut as the Celtics' starting shooting guard Friday
against the Knicks.  Paul Pierce will move to small forward.  Stith is a good
shooter and a dependable scorer but has been injury prone in his NBA
career.

 Rick Brunson , G BOS - Free Agent Updated 11/10/00
 Brunson will start at point guard for the Celtics Friday.  But he may give
way to Chris Herren on Saturday when he is activated from the injury list.
Keep an eye on Brunson.  Although he is not a prolific scorer he is a good
passer and a solid defender.  He may be a solid Fantasy pickup within the
next few weeks.

 Walt Williams , G HOU - Free Agent Updated 11/10/00
 Williams was back in action Thursday against the Grizzlies.  He sat out
Tuesday's game against the Lakers due to a mild knee sprain.  Williams showed
no effects from the injury Thursday hitting 4-of-5 three-point attempts and
scoring 13 points.

 Lucious Harris , G NJ - Free Agent Updated 11/10/00
 Harris played in his first game of the season Thursday against the Pistons.
He had been sidelined since the beginning of training camp with a hernia.
Harris scored five points in 12 minutes against Detroit.

 Kendall Gill , G NJ - Free Agent Updated 11/10/00
 Gill sat out Thursday's game against the Pistons because of a sore knee.
Stephen Jackson moved from small forward to shooting guard and Aaron Williams
moved into the starting lineup at forward in his absence.  Gill is expected
to return to action in time for Saturday's home game against Seattle.

 Ben Wallace , F DET - Free Agent Updated 11/10/00
 Wallace played against the Nets Thursday despite suffering from an injured
left leg.  He scored six points and grabbed 10 rebounds in 31 minutes of
playing time.

 Muggsy Bogues , G TOR - Free Agent Updated 11/10/00
 Bogues will have arthroscopic surgery on his right knee on Friday, which
will sideline him for up to six weeks. He has been scratched from each of
Toronto's last four games while the severity of the injury was determined.

 Joe Smith , F MIN - Free Agent Updated 11/10/00
 An arbitrator upheld commissioner David Stern's initial ruling on Thursday,
stripping Smith of his Larry Bird rights.  Players with Bird rights can
re-sign with their team even if the team is over the salary cap. Smith will
have to play three more seasons to re-earn those rights.  Smith will probably
sign with another team now.  The Timberwolves can offer Smith a one-year
contract for no more than $611,000. Other teams, including the Miami Heat and
Chicago Bulls, can offer Smith more than six times that amount.

 Jelani McCoy , C SEA - Free Agent Updated 11/09/00
 The elevation of Pervis Ellison to backup status has moved McCoy even
further down in the Sonics' frontcourt rotation.  Head coach Paul Westphal
decided to go with Ellison in hopes of preventing turnovers.  McCoy was
behind former backup Ruben Wolkowyski but is now the last man in a
five-player rotation.  McCoy is a good shot-blocker and a solid rebounder but
his lack of offensive skills has hurt his push for playing time.

 Pervis Ellison , F SEA - Free Agent Updated 11/09/00
 Ellison is questionable for Thursday's game at Charlotte due to a case of
the flu.  He served as Ewing's backup in Wednesday's game at Miami.  "Never
Nervous" Pervis entered the game at the end of the first quarter and promptly
grabbed a rebound and scored.  He did not return after the first quarter,
suffering from flu-like symptoms.

 Vonteego Cummings , G GS - Rude Boys (Not) Updated 11/09/00
 Cummings will be out for at least a month after suffering  a fractured
cheekbone.  He had plastic surgery performed on the cheekbone earlier this
week.  Vinny Del Negro will be the backup point guard in his absence.

 Antonio McDyess , F DEN - The Rounders Updated 11/09/00
 McDyess played only 11 minutes in the second half of Wednesday's game
against the Timberwolves due to a stiff back.  He finished the game with 11
points.  This seems like it will be an ongoing situation with McDyess.  It is
not known whether he will play in Thursday's game at Portland.  Monitor his
situation closely.

 Terry Porter , G SA - Free Agent Updated 11/09/00
 It appears that the cagey veteran is out of the Spurs' regular rotation.
Porter has played a total of 24 minutes this season.  His minutes have
gradually decreased since the start of the season and he hasn't played in the
last two games.  It seems that Steve Kerr is now ahead of Porter in the
rotation of reserve guards.

 Jaren Jackson , G SA - Free Agent Updated 11/09/00
 Reserve swingman Jaren Jackson is suffering from an ankle injury and is
listed as day-to-day.  He sat out Wednesday's game against the Lakers.

 Shaquille O'Neal , C LAL - The Rounders Updated 11/09/00
 Someone must have slipped "The Man of Steel" some kryponite before
Wednesday's game against the Spurs.  Shaq grabbed 17 rebounds but only scored
13 points.  He still put up decent Fantasy numbers but had a bad game in
terms of points.  No need for Fantasy owners to panic, he should score easily
in upcoming games against Denver and Houston.

 Brian Grant , F MIA - The Rounders Updated 11/09/00
 Grant had a monster game against the Sonics Wednesday scoring 30 points and
grabbing 21 rebounds.  He is doing his best to fill the void left in the
middle by Alonzo Mourning.  So far Grant isn't doing a bad job, averaging
20.0 points and 13.5 rebounds per game.

 Desmond Mason , F SEA - Free Agent Updated 11/09/00
 Mason had four points in Seattle's 87-81 loss to the Heat Wednesday.  He
beat out Brent Barry for the starting shooting guard job in the preseason but
is averaging a mere 4.6 points per game and is shooting 32 percent from the
field.  Barry is currently suffering from a sprained ankle and hasn't played
yet this season but he may get his job back when he returns.

 Danny Fortson , F GS - Farragut Academy Updated 11/09/00
 Fortson continued his exceptional play this season by grabbing 14 rebounds
and scoring 17 points against the Kings Wednesday.  He has exceeded the
expectations of many this season averaging 15.8 points and 15.0 rebounds per
game.  With numbers like that he is definitely a keeper in any Fantasy
league.

 Predrag Stojakovic , F SAC - Fear Updated 11/09/00
 Stojakovic continued his excellent play in the early part of the season by
scoring 27 points in Wednesday's game.  He is averaging 18 ppg so far, a
major increase from his 11.9 average in 1999-2000.

More Updates

Copyright 2000 Commissioner.COM Inc and SportsLine.com Inc.
Your site is always at http://basketball.commissioner.com/efba

BK10SP


As a reminder, the Summer Associate Program is an integral and critical part
of our recruiting efforts.  You have been asked to act as mentors for Summer
Associates who attend the schools for which you have recruiting
responsibility.  You were invited to meet the Summer Associates at a
reception being held at the Sierra Grill, located at 4704 Montrose, on
Thursday, June 22nd from 6:00 p.m. to 7:30 p.m.

To date several of you have not responded.  Please respond to Cheryl Kuehl
(ext. 3-9804) by Tuesday, June 20th.  If you are unable to attend, please
advise Cheryl that you intend to make other arrangements to meet your Summer
Associate so that she may advise the Associate not to look for you at the
reception.  We thank you for your co-operation and your efforts to assist
will not go unnoticed.

Jeff and Joe


Bill, were you able to talk with Sony's Treasurer today?  As you know, we
have a Friday deadline that is fast approaching.  We have a call with the San
Diego team tomorrow and I would like to have an update ready for them.
Please page me at 888-766-4103 to give me an update.

Not sure if you were aware of 2 items that Jennifer passed on to me:  1.)  We
as EES have recently signed a confidentiality agreement with Sony.  2.)
Sony's web site has alot of financial numbers (I don't know if they are
broken-out).

Also, we are preparing for alternative S-T solutions.  How many months are
you willing to allow at this point (we are coming off a 4 month deal) and if
we do a PX plus basis deal (reduced market exposure) does that change our
position at all?