----- Forwarded by Jeffrey A Shankman/HOU/ECT on 02/15/2001 08:45 AM -----

	Nicki Daw/ENRON@enronXgate
	02/14/2001 05:03 PM

		 To: Cindy Olson/Corp/Enron@ENRON, Jeffrey A Shankman/HOU/ECT@ECT, John J
Lavorato/ENRON@enronXgate, Mark E Haedicke/HOU/ECT@ECT, Marty
Sunde/HOU/EES@EES, Raymond Bowen/ENRON@enronXgate, Rick Buy/HOU/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Wes
Colwell/HOU/ECT@ECT, James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Jennifer Burns/HOU/ECT@ECT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kimberly
Hillis/ENRON@enronXgate, Janette Elbertson/HOU/ECT@ECT, Cathy
Corbin/HOU/EES@EES, Marsha Schiller/ENRON@enronXgate, Karen K
Heathman/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Maureen
McVicker/NA/Enron@Enron, Shirley Tijerina/Corp/Enron@ENRON, Kathy
McMahon/NA/Enron@Enron
		 Subject: Rodeo - Monday 19th February

I am pleased you and your spouse are able to join me at the Rodeo on Monday
19th February.  Your tickets will be delivered to your office tomorrow
(Thursday).

The Enron Suite is number 23.  It will be open from 5.30pm.  As there is no
parking at the Astrodome, I have arranged for a shuttle bus to run from the
Enron Building to the Astrodome from 6pm until 10.30pm.  If you would like to
utilize this, please respond to Nicki Daw (x33497).

Depart Enron Building for Astrodome
 6pm
 6.45pm
 7.30pm

Depart Astrodome for Enron Building
 9pm
 9.45pm
 10.30pm

Please click on the following link to see the itinerary for 19th February.
http://www.rodeohouston.com/calendar/day.cfm?day=2%2F19%2F2001

Mark


This is all I have received.   I asked for a confirmation, but have not
received one yet.  I got Lysa's phone mail, so I don't know if she is there
or not.

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 12/12/2000
06:52 PM ---------------------------

Lysa Akin
12/11/2000 05:43 PM
To: Leslie Lawner/HOU/EES@EES, Rebecca W Cantrell/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron, Roy Boston/HOU/EES@EES, Steve Montovano/DUB/EES@EES
cc:
Subject: Conference Call re: Gas Curtailment and Diversion Paper

Please advise ASAP your availability for a call regarding the above
referenced topic on Wednesday, December 13th at
7:00 am Pacific / 9:00am Central / 10:00am Eastern

Lysa Akin
Enron Corp.
Sr. Admin. Ass't. - Gov't Affairs
121 SW Salmon, 3WTC0306
Portland, OR  97204
Office (503) 464-7927
Fax (503) 464-3740
lysa.akin@enron.com


These both track with the last drafts that I saw and commented on.

 -----Original Message-----
From: 	Kilmer III, Robert
Sent:	Tuesday, September 25, 2001 10:57 AM
To:	Corman, Shelley
Subject:	FW: Gulfstream response
Importance:	High

 -----Original Message-----
From: 	Farrell, Sharon
Sent:	Tuesday, September 25, 2001 10:12 AM
To:	Hayes, Robert; Kilmer III, Robert; Boatman, Jack; King Jr., Frazier
Subject:	Gulfstream response
Importance:	High

Attached is the letter that will go out today for Gulfstream plus a point sheet.  If you have any issues please let me know by lunchtime.

 << File: gulfstream-sf.doc >>  << File: gulstreampointsheet.doc >>


Kathleen,

You are correct,  I will make the appropriate changes and give you another
review before sending execution papers.

Best regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


Don't faint, but I am holding the original fully executed CA's for enovate
and Peoples (sent by Gregg Penman).  Whew, those took a really long time
didn't they?  How is Mississippi?

K-

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037


There will be a RAC Employee Floor Meeting this Friday, June 8th from 10:00-10:30am near Conference Room EB-2831.
See you there.

Rick Buy


even though i too am riding for the 9th time to austin.....and attempting to raise big bucks....i'll help the "Big Cheese"..put me down for $500 pre match....is your $50,000  pre match ?

Jeff Skilling@ENRON
04/19/2001 05:18 PM

Sent by:	Sherri Sera@ENRON
To:	Cliff Baxter/HOU/ECT@ECT, Rick Buy/HOU/ECT, Ben Glisan/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Jeffrey Sherrick/Corp/Enron, Philippe A Bibi/HOU/ECT, Michael Brown/NA/Enron, Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James A Hughes/ENRON_DEVELOPMENT, Louise Kitchen/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT, Greg Piper/Corp/Enron, John Sherriff/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Janet R Dietrich/HOU/EES@EES, Mark S Muller/HOU/EES@EES, Matthew Scrimshaw/LON/ECT@ECT, David Cox/Enron Communications@Enron Communications, Kevin Hannon/Enron Communications@Enron Communications, Rod Hayslett/FGT/Enron, Stan Horton/Houston/Eott@Eott, Danny McCarty/ET&S/Enron@Enron
cc:
Subject:

I know how incredibly busy you all are, so I'm sure that making a pledge to Jeff for the MS150 has simply slipped your mind.  Well the ride is this weekend, time is running out and we need you!

Enron's goal is to raise $700,000, and Jeff's personal goal is to raise $50,000.  As of today, we are a little better than half way there.  Won't you consider helping him reach his goal?

Thanks for your consideration.  I look forward to hearing from you tomorrow...

Sherri :-)


Start Date: 3/3/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030308.txt


FYI
----- Forwarded by Sara Shackleton/HOU/ECT on 11/27/2000 05:22 PM -----

	Tana Jones
	11/27/2000 03:45 PM

		 To: Denis O'Connell/LON/ECT@ECT
		 cc: Richard Sage/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Re: ISDA Master Agreements

With respect to Deutsche Bank (""DB"), we have one credit issue remaining, DB
would like us to add all the Enron trading entities DB trades with as
Specified Entities under the ISDA Master Agreement and we are somewhat
hesitant to do so, as this could potentially roll up swaps under structured
loan transactions into a default under the ISDA Agreement.  Sara and Bill
Bradford in Credit are supposed to talk to the DB Credit people about this
remaining issue.

With respect to First Union National Bank, the draft we were working from was
so old that they agreed to look at our current form of agreement which was
sent to them on 11/8/00 for review.  Sara is working on that with Susan
Bailey, another paralegal in our Group.

	Denis O'Connell
	11/22/2000 06:05 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Richard Sage/LON/ECT@ECT
		 Subject: ISDA Master Agreements

Tana - can you please give me an update on where you are in the negotiations
of the ISDA with the following counterparties and confirm which Enron entity
you are negotiating on behalf of.

Tks,

Denis

First Union National Bank

Deutsched Bank AG


Mark,

    Thanks for the message.  I am standing by - and I have signature
authority,
so I can turn around the NDA quickly.

    Steve

Mark.Greenberg@enron.com wrote:

> Steve -
>
> Sorry for the delay on this end.  I have been waiting for one approval on
> the non-solicitation provision I had forwarded.  I would suggest inserting
> the language I suggested (another copy of which is attached) and preparing
> final documents.  I should know later today or tomorrow if I have final
> approval.
>
> Thanks again for the patience.
>
> (See attached file: BEA - nonsolicit language.doc)
>
> Mark
> Senior Counsel, EWS
> Phone:     713-345-8897
> Facsimile: 713-646-3490
> E-Mail:      Mark.Greenberg@enron.com
>
>   ------------------------------------------------------------------------
>                                     Name: BEA - nonsolicit language.doc
>    BEA - nonsolicit language.doc    Type: Winword File (application/msword)
>                                 Encoding: base64

 - steve.howarth.vcf


Here is the form of PG&E letter that we used after consultation with LaBoeuf - it has a few more words.

 -----Original Message-----
From: 	Sanders, Richard B.
Sent:	Saturday, June 16, 2001 7:08 PM
To:	Sager, Elizabeth; Hodge, Jeffrey T.
Subject:	FW: Forward Contract Termination Notices

EES wants to terminate energy contracts(futures cintracts) with two bankrupt entities. Can you let Bob Williams know if you have any comments/suggestions to his letter?
 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Thursday, June 14, 2001 4:32 PM
To:	Frazier, Lamar; Dotson, Marcus
Cc:	Sanders, Richard B.; Sharp, Vicki; 'lengels@brobeck.com'; 'jwhite@brobeck.com'; 'lacyr@sullcrom.com'; Smith, Mike
Subject:	Forward Contract Termination Notices

Pending Mark Haedicke's okay, here are my suggested termination notices to Unisil and Tri-Valley Growers:

     UNISIL:

                [Date}

                [Jason to provide attorney name]

                 Re:  Power Sales Agreement between UniSil Corporation and Enron Energy Marketing Corp.,
                         successor by merger to PG&E Energy Services Corp.("EEMC"), originally entered into
                         between EEMC and UniSil Corp. as of December 5, 1997, and subsequently assigned
                         to UniSil Acquisition Corp. (the "Agreement")

                  Dear ___________:

                  Pursuant to Section 3.3.2 of the Agreeement and Section 556 of the Bankruptcy Code, EEMC hereby terminates
                  the Agreement, effective immediately.

                  Very truly yours,

                   Marcus?

TRI VALLEY GROWERS:

                    [Date]

                    [Marcus--who is Tri Valley Growers' bankruptcy counsel?]

                    Re:  Retail Power Sales Contract between Tri Valley Growers and Enron Energy Marketing Corp., successor
                           by merger to PG&E Energy Services Corp. ("EEMC"), entered into as of August 28, 1998 (the "Contract")

                    [Same as UniSil except Contract not Agreement]


Please revise the document as Aleck's changes indicate.  With respect to the
alternative responses shown near the end of the document, leave both
alternatives in.
---------------------- Forwarded by Steven J Kean/HOU/EES on 07/31/2000 08:58
AM ---------------------------

Richard Shapiro
07/31/2000 07:08 AM
To: Aleck Dadson/TOR/ECT@ECT
cc: Steven J Kean/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON@ECT, Eric
Thode/Corp/Enron@ENRON@ECT, Richard B Sanders/HOU/ECT@ECT, Robert
Hemstock/CAL/ECT@ECT, Ginger Dernehl/HOU/EES@EES
Subject: Re: Project Stanley

I am comfortable w/ the changes. On question of whether we colluded W/
Powerex, I would opt for simpler alternative and say we complied w/ all rules
of the pool. Thanks.

To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Mark
Palmer/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Richard B
Sanders/HOU/ECT@ECT, Robert Hemstock/CAL/ECT@ECT
cc: Ginger Dernehl/HOU/EES@EES
Subject: Project Stanley

Privileged and Confidential - For Instruction of
Counsel                                                 Attached is a revised
copy of the Background note discussed earlier this week.  The revisions are
based on comments  from Frontier Economics and GPC, and further reflection by
Rob Hemstock and myself. I have also attached the  raw calculations from
Frontier that underlie several of the revisions.  I have not  sent the
revised document to outside counsel for review.


You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server.

Sender:  lwbthemarine@alltel.net
Date:  Sun, 23 Dec 2001 10:57:50 -0600
Subject:  Fw: To Any Service Member... Holiday Messages from Home - Send a Message to Our Tro
Attachment Type: Scenarios/Incoming/Inbound URL Catcher: A filename matching the file mask was detected: 'to any service member... holiday messages from home - send a message to our troops.url'.

If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, you may call your Help Desk and ask to have it released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.

North American Resolution Center: 713 853 1411
European Resolution Center: 0044 207 78 36777
EES Help Desk: 888 853 9797
ETS Solution Center: 713 345 4745 (Houston) or 402 398 7454 (Omaha)

Please DO NOT reply to this address as it is not a monitored system mailbox.


Start Date: 1/22/02; HourAhead hour: 11;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012211.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


Jim,

I read through the data request.  We cannot provide several of the items that they requested.  We do not break out our california deals into separate transport and commodity components.  Also the majortiy of our buys and sells net out without exchanging actual transport contract numbers.  I know in the past Becky C. has worked with our back office to pull the data directly from the system.  Let me know if I need to do anything to assist gathering the data.  I would  like to review the final product before it is submitted.

Phillip

 -----Original Message-----
From: 	Steffes, James
Sent:	Tuesday, May 15, 2001 2:14 PM
To:	Cantrell, Rebecca
Cc:	Nicolay, Christi; Novosel, Sarah; Fulton, Donna; Lawner, Leslie; Shapiro, Richard; Sanders, Richard; Williams, Robert C.; Allen, Phillip K.; Belden, Tim; Black, Don; Sharp, Vicki; Sager, Elizabeth; Frank, Robert; Hodge, Jeffrey
Subject:	FERC REQUEST - PLEASE COORDINATE WITH LEGAL AND BUSINESS

Becky --

Pls take the lead in coordinating our response to these requests.

It is critical that legal litigation counsel (Richard Sanders and Bob Williams) see and approve the responses before sending to FERC.

Thanks,

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 05/15/2001 04:06 PM ---------------------------

"Randall Rich" <rrich@bracepatt.com> on 05/15/2001 02:23:14 PM
To:	<jsteffe@enron.com>, <llawner@enron.com>, <rebecca.w.cantrell@enron.com>
cc:

Subject:	Fwd: Fax from '202 273 0901' (3 pages)

FERC's data request is attached.
Date: Tue, 15 May 2001 14:21:08 -0500
From: FAX <DC.FAX.RIGHTFAXUSER@bracepatt.com>
To: <rrich@bracepatt.com>
Subject: Fax from '202 273 0901' (3 pages)
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_E4BED334.375636AC"

Time: 5/15/01 3:19:28 PM
Received from remote ID: 202 273 0901
Inbound user ID RICHRS, routing code 2125
Result: (0/352;0/0) Successful Send
Page record: 1 - 3
Elapsed time: 01:24 on channel 1

 - M00063C7.TIF << File: M00063C7.TIF >>

<Embedded Picture (Device Independent Bitmap)>


One correction --- Total project cost for Moore is 229 mil CAD$ (US$ 155 mil).

Jin


FYI

 -----Original Message-----
From: 	eserver@enron.com@ENRON [mailto:IMCEANOTES-eserver+40enron+2Ecom+40ENRON@ENRON.com]
Sent:	Monday, March 26, 2001 8:47 AM
To:	jderric@enron.com
Subject:	<<Concur Expense Document>> - Dong Ting

The Payment status has changed on the following report:

Status last changed by:  System
Expense Report Name: Dong Ting
Report Total: $40.45
Amount Due Employee: $40.45
Amount Approved: $40.45
Amount Paid: $0.00
Approval Status: Approved
Payment Status: In Progress

To review this expense report, click on the following link for Concur Expense.
http://xms.enron.com


Here is another opinion to support my earlier thoughts.  Michelle

------------------------------------------------------------------------------
---------------------------

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.
----- Forwarded by Michelle Cash/HOU/ECT on 06/28/2000 09:03 AM -----

	Sharon Butcher@ENRON
	06/27/2000 08:23 PM

		 To: Kriste Sullivan/Corp/Enron@ENRON, Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: Re: CALME JV & Consultants

Dear Michelle:  I agree with you and Kriste.  I thought we put this issue to
bed several years ago.  Consultants and Contractors are to be reviewed, if at
all, by their respective employers.  If the Consultant and/or Contractor is
not an employee of a third party employer, then Enron has the right to
determine if they are meeting the terms and provisions of their contract.
However, this does not mean they are to be included in the PEP and PRC
process.

To include them opens too many doors with respect to the proper
classification of these individuals.  If we treat them like employees, we may
find that a court determines they should be employees and thus eligible for
all employee benefits, a la MicroSoft.

Thanks.  Sharon

06/27/2000 02:33 PM
Kriste Sullivan
Kriste Sullivan
Kriste Sullivan
06/27/2000 02:33 PM
06/27/2000 02:33 PM
To: Michelle Cash/HOU/ECT@ECT
cc: David Oxley/HOU/ECT@ECT, Gina Corteselli/Corp/Enron@Enron, Kathryn
McLean/HOU/ECT@ECT, Sharon Butcher/Corp/Enron@Enron
Subject: Re: CALME JV & Consultants

I agree with your recommendation Michelle that consultants and contractors
should not participate in the PRC or the PEP process.  If  you treat
consultants and contractors like "employees", they will soon become them in
the eyes of the law, along with all of the costs, bonuses, and benefits.

Kriste K. Sullivan
Enron Corp. Legal
1400 Smith, EB 4861
Houston, TX  77002
(713) 853-7557
(713) 646-5847 Fax
KSulliv@Enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Michelle Cash@ECT
	06/27/2000 01:03 PM

		 To: Kathryn McLean/HOU/ECT@ECT
		 cc: David Oxley/HOU/ECT@ECT, Gina Corteselli/Corp/Enron@Enron, Sharon
Butcher/Corp/Enron@ENRON, Kriste Sullivan/Corp/Enron@ENRON
		 Subject: Re: CALME JV & Consultants

Privileged and Confidential -- Advice Covered by the Attorney-Client Privilege

K2:

I have copied this email to Sharon & Kriste, who are supporting the CALME
region.  My recommendation is to exclude contractors/consultants because
their inclusion would increase the risk that they would be deemed to be
employees, and that a court could determine that they are owed employee
compensation and benefits (a la Microsoft).  This exposure could be high.
Depending on the other indicators of independent contractor status, rating
them along side our employees could be a factor to tilt the balance.

Let me know if you have any questions.

Michelle

------------------------------------------------------------------------------
---------------------------

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Kathryn McLean
	06/27/2000 10:01 AM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc: David Oxley/HOU/ECT@ECT, Gina Corteselli/Corp/Enron@Enron
		 Subject: CALME JV & Consultants

Hi Michelle,

Please see my note below regarding including JV employees and Consultants in
our PEP system and the PRC. Could you please give us more expert legal advice
(from my own : - )!!) in relation to this? We want to ensure that we cover
ourselves.

Thanks, K2.
---------------------- Forwarded by Kathryn McLean/HOU/ECT on 06/27/2000
09:51 AM ---------------------------

	Kathryn McLean
	06/26/2000 09:12 AM

To: David Oxley/HOU/ECT@ECT
cc: Gina Corteselli/Corp/Enron@Enron, Janie
Bonnard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris
Cockrell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Monica Cale/HOU/ECT@ECT
Subject: CALME JV & Consultants

David,

I've been forwarded a voicemail on Friday from David Haug where he has
requested that we include CALME's JV employees and Consultants who are at the
VP level. (He knows that they should not be pulled into the VP meeting).
Monica and I initially pushed back on this due to the requirement that only
AIP employees are involved in our mid year process, however, due to David's
instance I'm reverting to you for a decision.

Although I do not have a strong opinion on including the JV's - my concern is
primarily with the Consultants.

Below are my concerns in accommodating this request:-

- The PEP system has officially told employees that the feedback stage has
finished. Although the system is still open we are going to turn off the
system message requesting reviewers to access PEP to review employee.  In
this instance, there would need to be an effort within Janie's team to
communicate to all reviewers of the JV's that they are required to give
feedback.

- The way PEP is set up, we would need to load the consultants as employees
in order to generate the 360 feedback functionality. Due to US law on how to
describe employees/non employees in a database, this comes with legality
issues and I want us to be aware of what we're doing regarding this.

Call me to discuss or if you wish for me to forward the voicemail,

K2


use detmering not me

 -----Original Message-----
From: 	Haedicke, Mark E.
Sent:	Wednesday, October 10, 2001 4:44 PM
To:	Lavorato, John
Subject:	Mariner

John:

Should we get you, Scott and me (and Teresa Bushman) together to flesh out the deal further for the term sheet?  Teresa and I have worked on a term sheet but it is pretty bare bones so far?

Mark


As we discussed, enclosed is the standard choice of law provision of our ISDA
schedule, red-lined to show how the statutory reference might be worded.
Mark Taylor and I are interested in your thoughts on the matter. -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


RealMoney.com's WEEKEND BULLETIN

October 26, 2001

http://www.realmoney.com

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Companies in Today's Bulletin:

Enron (ENE:NYSE)
Microsoft (MSFT:Nasdaq)
US Airways (U:NYSE)
VeriSign (VRSN:Nasdaq)
____________________________________
Market Features: What a Week: The Return of Big Mo'

With Christmas looking grim, investors go shopping.

http://www.thestreet.com/markets/marketfeatures/10003080.html
____________________________________
Detox: Enron Troubles Only the Tip of the Iceberg?

The new CFO appears to be involved in as many as 12 related-party
deals, documents indicate.

http://www.thestreet.com/markets/detox/10003083.html
____________________________________
Christopher Edmonds: Under the Radar: Enron's Flickering Bulb

Though the lights have dimmed at the energy giant, the company can
survive.

http://www.thestreet.com/comment/chrisedmonds/10003075.html
____________________________________
James J. Cramer: Bet on Windows XP Success With None Other Than
Microsoft

Demand is strong. But how to play it? Go right to the source, not the
suppliers.

http://www.thestreet.com/p/rmoney/jamesjcramer/10003067.html
____________________________________
Tech Savvy: XP Offers No Quick Reward for Microsoft Investors

Sure, the new Windows will succeed, but not as fast as some expect,
says Gartner Group.

http://www.thestreet.com/p/rmoney/techsavvyrm/10003053.html
____________________________________
The Night Watch: Big Tech Again Rules a Friday Extended Session

Among the few companies with actual news, Lockheed Martin wins a giant
Defense Department contract.

http://www.thestreet.com/markets/nightwatch/10003081.html
____________________________________
Herb on TheStreet: Gloom Gathers in VeriSign's Webby Corner

A deferred revenue slowdown raises growth questions. Plus, more on
Harley, and a thought on Harvey.

http://www.thestreet.com/p/rmoney/herbonthestreet-rm/10003071.html
____________________________________
The Real Deal: Don't Scrap Auto Parts Suppliers

Why consider auto parts stocks in this economy? A new report makes a
persuasive case.

http://www.thestreet.com/comment/realdeal/10003066.html
____________________________________
Wing Tips: Don't Bank on US Airways

Sure, it has cash, but that's burning up fast. Plus, a rundown on
industry earnings.

http://www.thestreet.com/markets/wingtipsfree/10003064.html
____________________________________
Meet the Street: Gloria Steinem on Women and Money

The feminist icon discusses women on Wall Street and what men can learn
from female executives.

http://www.thestreet.com/funds/meetthestreet/10003009.html
____________________________________
Tale of the Tape: Holiday Bash Shaping Up as a War Casualty

Many firms are canceling holiday parties outright, while others will
tone the night down.

http://www.thestreet.com/markets/taleofthetape/10003082.html
____________________________________
Martini Chat: These Companies Are Playing Games

The Martini Chat takes a look at video gamers and the companies that
love them.

http://www.thestreet.com/funds/martinichat/10003079.html
______________________________________________________________________
Monday, Oct. 29

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            B R E A K F A S T   W I T H   T H E   F O O L
                     Thursday, November 16, 2000

benjamin.rogers@enron.com
_________________________________________________________________

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MIXED NEWS FROM APPLIED MATERIALS
The company reports a strong fourth quarter, but warns that next
quarter's earnings will miss expectations.

By Chris Rugaber

Leading semiconductor equipment maker Applied Materials (Nasdaq:
AMAT) reported strong fourth-quarter results after the closing
bell yesterday, doubling profits on an 81% increase in sales.
However, the company also warned that fiscal first-quarter
earnings would miss current forecasts.

Nevertheless, the company's fourth quarter (ended October 29)
was solid, to say the least. Net income jumped to $663.8
million, or $0.77 per share, from $303.8 million, or $0.37 per
share, in last year's fourth quarter. Analysts expected the
company to earn $0.76 per share. Sales reached $2.92 billion, up
from $1.61 billion, while new orders more than doubled to $3.6
billion and backlog increased to $4.38 billion, from $3.69
billion last year. Margins also improved, with gross margin
increasing to 51.7%, up from 49.6% in the year-earlier period,
and net margin rising to 22.7%, 3.9 points higher than the
year-earlier figure.

Despite the strong showing, the company is cautious about future
results, which is not too surprising given the cyclical nature
of the semiconductor industry. While Applied Materials benefited
from capacity increases at many chipmakers earlier this year,
concerns over slowing mobile phone and PC sales have muddied the
waters regarding revenue and earnings for the second half of
next year. "Conditions in our industry have become more complex
and uncertain," Chief Financial Officer Joseph Bronson told
Bloomberg News. "It is unclear what the impact of this
uncertainty will be on our markets."

For next quarter, the company stated that earnings per share
(EPS) were likely to come in between $0.75 and $0.78, below
current analysts' estimates of $0.80. Revenue should be between
$2.9 billion and $2.95 billion, below previous expectations of
$3.12 billion.

Investors that have held on through Applied Materials' ups and
downs have done pretty well over the years, though recent times
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out a Daily Double from Rick Munarriz this past spring.
http://www.fool.com/m.asp?i=198636
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_________________________________________________________________

NEWS TO GO

In a long-expected move, AT&T (NYSE: T) announced yesterday that
it would spin off cable TV programming division Liberty Media
(NYSE: LMG.A), which it received as part of its purchase of
cable giant Tele-Communications, Inc. last year. While the
decision is dependent on a favorable tax ruling, AT&T plans to
convert the company's tracking stock to an asset-based equity
and distribute shares to holders of the tracking stock in the
second quarter of 2001. By selling Liberty, which owns stakes in
the E! Entertainment Network and Courtroom Television Network,
AT&T may satisfy regulatory conditions placed on it for the
approval of its purchase of cable operator MediaOne Group.

The mega-merger between America Online (NYSE: AOL) and Time
Warner (NYSE: TWX) may be delayed past the two companies'
self-imposed deadline of December 21, according to a report in
today's Wall Street Journal. The Federal Trade Commission (FTC)
wants the two companies to strike a cable-access deal with an
Internet service provider (ISP) as a condition of the merger,
and last week the FTC delayed a vote on the merger until
November 30 to give the two companies time to strike a deal with
an ISP. Nevertheless, the FTC would have to approve a
cable-access deal before the merger vote, and may not be able to
do so in time. The Journal also reported that the two companies
disagreed on strategy, as Time Warner wanted last week's vote to
proceed, while AOL did not. An AOL vice president denied that
there were any disagreements.

Retailer Nordstrom (NYSE: JWN) reported dismal third-quarter
earnings after yesterday's market close. The company, under new
management led by Nordstrom family members, saw profit from
operations drop 41% to $23.4 million, or $0.18 per share, from
$39.7 million, or $0.29 per share, in the year-earlier period.
Sales rose 13%, to $1.25 billion, from $1.11 billion. The
company used steep price markdowns to clear out summer and fall
merchandise, and also saw an increase in operating expenses,
with sales, general and administrative (SG&A) costs jumping to
34.8% of revenue from 31.7% a year earlier.

The world's second-largest auction house, Sotheby's (NYSE: BID),
reported a disappointing third quarter and warned that
fourth-quarter and fiscal 2000 earnings would be below last
year's. Third-quarter sales dropped 6%, from $45.3 million last
year to $42.6 million, and losses from operations increased to
$0.45 per share, from $0.41. In addition, the company took a
pre-tax charge of $184.8 million, or $2.68 per share, as a
result of its settlement of shareholder lawsuits and an
antitrust investigation by the U.S. Department of Justice. The
company pleaded guilty last month to conspiring with its rival
Christie's on auction commission fees.

Check out yesterday's Foolish wrap-up with just one click.
http://www.fool.com/m.asp?i=198638
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EDITORS' PICK

Does Intel have a future as king of all market niches it
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http://www.fool.com/m.asp?i=198639
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.

MsgId:
msg-14936-2000-11-16_9-10-01-3300192_2_Plain_MessageAddress.msg-09:15:12(11-16
-2000)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Per our conversation...please follow-up with Jean.  I do not want this to appear that Barry was spoke with last week and we all were keeping it from her.  She is a friend as well as a co-worker.

Thanx for understanding,
Laura


---------------------- Forwarded by Darron C Giron/HOU/ECT on 12/06/2000
03:54 PM ---------------------------

Stacey Vallejo
12/06/2000 03:15 PM
To: Shannon McPearson/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Jason
Wolfe/NA/Enron@ENRON
cc:
Subject: NZ2724.1

This is the last deal that is in the FT-Norhtwest book that needs to be
flipped into the FT-US/CAND-ERMS book, to settle between ECC and
Duke Energy Marketing Limited Partnership.  This needs to be fixed so
liquidations will be correct for Novmeber.

There seems to be some confusion about this deal, so please call me
or Greg Carraway about this deal, and maybe we can answer questions
if there are any.

Thanks
Stacey


FYI on the RED PHONE (Mavrix) in Eric's office on 41.

Thanks, Kim.

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Wednesday, September 19, 2001 8:58 AM
To:	Watson, Kimberly; Harris, Steven
Cc:	Donoho, Lindy; Wadle, Susan
Subject:	RE: Mavrix phone in Eric Gadd's office

Yank it.  Thanks.  df

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Wednesday, September 19, 2001 8:46 AM
To:	Harris, Steven; Fossum, Drew
Cc:	Donoho, Lindy; Wadle, Susan
Subject:	FW: Mavrix phone in Eric Gadd's office

Steve or Drew,

Please advise on what to do with the Mavrix phone since we will be moving to the 13th floor on Friday.

Thanks, Kim.

 -----Original Message-----
From: 	Wadle, Susan
Sent:	Wednesday, September 19, 2001 8:28 AM
To:	Watson, Kimberly; Harris, Steven
Subject:	Mavrix phone in Eric Gadd's office

Eric will not be taking that phone when we move.  Before I advise Pam Daily of this do you want input  as to where it should go or how this should be handled.

Thanks!


Lisa:

I have been the lead originator for LVC since we purchased the asset in
August of 1999.  Given all that we are trying to accomplish to achieve a
successful exit strategy with this asset, I have relied  on people like Bill
Williams and his technical team to move this document and other similar
efforts forward.  Having Bill's support on this document has allowed me to
focus my efforts on closing the negotiations on our tolling agreement
required to support the LVCII expansion.

After my review of this agreement, along with in put from Bill Williams and
Dale Rasmussen,  I will confirm back to you that your comments are
appropriately reflected in the turbine contract to obtain signed off from ENA
Finance.

I'm currently in Denver, please contact me on my cell phone should you have
any questions.

Thank you,
Jim

Cell Ph: 503-464-1206

---------------------- Forwarded by Jim Gilbert/PDX/ECT on 05/02/2001 02:37
PM ---------------------------
From: Lisa Bills/ENRON@enronXgate on 05/02/2001 03:19 PM CDT
To:
Williams@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=2C4A79E9-5692F67A-862565
4B-4F9C03@EX@enronXgate, Stephen Thome/HOU/ECT@ECT, Jim Gilbert/PDX/ECT@ECT,
pthompson@akllp.com@SMTP@enronXgate, Dale Rasmussen/HOU/ECT@ECT, Ed
Clark/PDX/ECT@ECT
cc: Roseann Engeldorf/ENRON@enronXgate, Sheila Tweed/HOU/ECT@ECT, Catherine
Clark/ENRON@enronXgate, Brian Kerrigan/ENRON@enronXgate, Kay
Mann/Corp/Enron@Enron
Subject: LV Cogen Turbine Contract

Rose and I have reviewed the contract Peter sent to us yesterday - the draft
distributed on April 24.  Rose has already provided our comments to Peter on
the Override Letter which accompanies the contract.  I have one big issue
which the lawyers can't answer as it is a business decision.  No one seems
sure if Bill is the acting originator for this contract or not.  I leave it
up to the LV Cogen Origination team to decide.  However, until I receive word
back from the appropriate person and see my changes reflected in the turbine
contract, Finance has not signed off on this agreement so it cannot be
executed on E-Next's behalf.

What is the per UNIT turbine purchase amount?  The Purchase Amount is a
remaining total balance outstanding.  In 6.1.2 Payment Schedule, the payment
amount is a lump sum.  However, in the 2nd para. of 5.4 Cancellation and in
6.1.3 Retention Letter(s) of Credit for example, each UNIT is discussed.
There needs to be an allocation of the Purchase Amount and Payment Amount on
a per turbine basis so Finance can track these costs as such in case a change
order is made to only one turbine or if a turbine is removed from E-Next
prior to all turbines being removed.  Also, how does anyone know for 6.1.3
when the last $788,500 per Turbine is supposed to be paid so we can retain
it?

Also, I would appreciate receiving a clarification of why we don't define the
Purchase Amount as the total and not just the balance remaining.  It could
create discrepancies in the document and for anybody reading the document
trying to understand how much each turbine costs.  E-Next has already made
the approx $10mm payments made to-date.  However, if someone were to pick up
the document to find out how much they could buy the turbines for, it would
appear to be $53.6mm not the Maximum Liability Amount of $63.1mm.  2nd para
of 5.4 refers to the portion of the Purchase Amount to be adjusted upon
cancellation.  However, Exhibit I Cancellation refers to the Unit Liability
Amount as the basis for calculation - this seems inconsistent to me.

Now for the general comments:

Section 1.69 and 1.70 need to change places to be alphabetically correct.

6.1.2 calls for a payment to be made on April 21, 2001.  Exhibit I
Cancellation also has a line for cancellation between March 21 and April 20,
2001.  This will need to be amended as this payment wasn't made given no
contract execution yet.  As everyone knows also, E-Next must be the party to
make this payment to insure the correct accounting treatment.

6.5 is another place where a per Unit price is discussed for increases or
decreases.  How is this possible with an aggregate Purchase Amount?

In all Notice sections please delete "c/o Las Vegas Cogeneration II, L.L.C."
This project is not associated with the E-Next financing.

10.2.3.1 Please underline "Optional Delivery Point"

10.12.2  Please delete the " ' " in "it's" after the proviso.

10.15  The timing of 120 days for delivery of serial numbers herein is
inconsistent with the bracketed 5 months in 10.2.1 and Exhibit P.  Please
conform all to the same time frame.

Has David Marshall reviewed all the insurance provisions of this document.
While a standard turbine contract, there have been some recent
modifications/views from our insurance providers.

I look forward to hearing back from the deal team and reviewing the next
round of documents.


Folks-
We will be having a meeting of the CA Energy Solutions Group on

Wednesday August 15, 2001
9:30 am to 3:00 pm
California Farm Bureau
2300 River Plaza Drive

DJ and I will be working on an agenda in the coming days. Please let us know
if there is something specific you would like to cover or if the 15th
appears to be a bad date.

Thanks much,
Delaney

P.S. Also be thinking of where you like to have the Annual Retreat -- should
we stick with Yountville or try somewhere new?


Gerald,

I did not receive the termination letter at the office today.  I suspect you
have sent it to our old email address.  Please resend to
kckrisa@apex2000.net

Thank you.

Ken Krisa


Again Mark I am flattered that you include me in these explanations...but I
don't really need them anymore.

Mark Fondren
04/28/2000 10:22 AM
To: Michael E Moscoso/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Kevin
Sweeney/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT,
Wade Doshier/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Claude
Straub/HOU/ECT@ECT, Fernley Dyson/LON/ECT@ECT, Tim
Poullain-Patterson/LON/ECT@ECT, Christian LeBroc/Corp/Enron@ENRON, Susan M
Scott/HOU/ECT@ECT
cc:
Subject: 5 day loss limit violation (4/20 -4/27/2000)

The 5 day loss violation resulted from long outright WTI position (Jun00
NYMEX curve down $1.39/bbl from 4/24  to  4/26) and long outright Propane
position (Apr00 Propane curve down $.52/bbl 4/20 to 4/27).

Please call with questions

Mark