I don't know if she has registered yet so I've come up with a few items that I think the baby will need.  Please share this humble list with the appropriate people.  I do work for a bankrupt company you know.

Item			Price
2002 Range Rover 	$64,896             http://www.edmunds.com/new/2002/landrover/rangerover/index.html
2002 Porsche Boxster	$50,000		http://www.edmunds.com/new/2002/porsche/boxster/index.html
Terri Hatcher		$$$		http://www.eonline.com/Facts/People/Bio/0,128,19,00.html
Natilie Imbruglia		$$$$		http://www.eonline.com/Facts/People/Bio/0,128,67918,00.html
Toshiba Big Screen	$2,189		http://electronics.cnet.com/electronics/0-6342372-1304-7297512.html?tag=pdtl-list
Harley Davidson		$21,000		http://www.harley-davidson.com/motorcycles/motorcycles_detail.jsp?PRODUCT%3C%3Eprd_id=432813&FOLDER%3C%3Efolder_id=440145&bmUID=1015517216967
Blue Wave Boat		$18,000		http://striperguide.tripod.com/bluewave.htm

 -----Original Message-----
From: 	"Wahlstrom, Scottie J" <Scottie.J.Wahlstrom@Williams.com>@ENRON
Sent:	Wednesday, March 06, 2002 4:06 PM
To:	'stanthemusicman@mindspring.com'; 'hayes@houston.rr.com'; 'rwschatzman@aol.com'; 'rulin01@aol.com'; 'suzzanne.calcagno@ubswenergy.com'; 'mmcg@pdq.net'; Germany, Chris; Alatorre, Hector; Alvarado, Orlando; Anderson, Toi; Aschermann, Leneva; Barnes, Pam; Baumgarten, Julie; Beaty, Beverly; Beltran, Andrea; Bowman, Terri; Buhrke, Cathy; Burton, Charlotte; Camardello, Marg; Casey, Melissa; Catlett, Laurie; Corley, James; Cortez, Diama; Cox, Ann; Cunningham, Larry; Dees, Debra; Doyle, Ronald; Eaton, John; Egner, Paul; Esparza, Delma; Ferazzi, Frank; Fitch, Terry; Gallerano, John; Gensler, Quentin; Glenn, David; Goetze, Ronald; Granoff, Virginia; Gredell, Paul; Green, Margie; Hall, Judy; Hargrove, Nancy; Harris, Joan; Heiser, Suzanne; Helburg, Charles; Higginbotham, Keith; Hungate, Cynthia; Hutson, Charlotte; Kelley, Nancy; Kleiner, Margaret; Laird, Mary; Laughlin, Helen; Laurel, Elizabeth; LeJune, Mark; Loggins, Kenneth; McBeath, K Mark; McGrath, John; Miksovsky, Nancy; Monley, John; Mott, Louella; Muenster, Kay; Payne, Leon; Prevott, Rose; Prevott, Steve; Prodoehl, Paul; Puig, Michael; Robertson, Constance; Robinson, Irene; Rogers, Carl; Runnels, Austra; Rush, Russell; Sansom, William; Schneider, Linette; Schoellkopf, David; Scott, Mark; Shaull, Barbara; Silvas, Elizabeth; Smith, Elsie; Taylor, Charles; Taylor, Janice; Wahlstrom, Scottie; Walleck, Lynn
Subject:	INGRID'S BABY SHOWER

 - ingrid shower.doc << File: ingrid shower.doc >>


No problem.

Carol St Clair
05/21/99 12:00 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: June 25 - Bring Kid to Work Day

Mark:
I would like to bring my son to this program which lasts from 8-1 on Friday,
June 25th.  Are you okay with this?
Carol


Hey baby!!!

Here you go!!!


Start Date: 4/26/01; HourAhead hour: 4;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042604.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 4 / Preferred: 114.00 / Final: 113.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TRADING_SC: PWRX
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


I only got 6 right?
---------------------- Forwarded by Shanna Husser/HOU/EES on 11/28/2000 03:27
PM ---------------------------

Christina Barthel
11/28/2000 03:22 PM
To: Lynna Kacal/Corp/Enron@ENRON, Amy Jon/HOU/ECT@ECT, Stacy
Gibson/HOU/ECT@ECT, Shanna Husser/HOU/EES@EES, Kim Chick/HOU/EES@EES, Angie
Ramirez/HOU/EES@EES, Dara M Flinn/HOU/EES@EES, Kimberly
Ketchum/NA/Enron@Enron, Chris Ochoa/NA/Enron@Enron, Khristina
Griffin/NA/Enron@Enron, Kathy Fink/Corp/Enron@ENRON, "Meredith"
<meredith@friersoncpa.com>, "Erin" <elaggie99@hotmail.com>, "Kelly Kohrman"
<pyrowoman@hotmail.com>
cc:
Subject: Fwd: QUIZ OF THE AGES

i got to many of these right....scary
---------------------- Forwarded by Christina Barthel/HOU/EES on 11/28/2000
03:19 PM ---------------------------

Haylie <hayliemiller@usa.net> on 11/28/2000 03:11:15 PM
To: Christina Barthel <cbarthe@enron.com>, Angela Haley <adhaley123@aol.com>,
David Miller <david.miller@gdseng.com>, Jeanie Miller
<jeanie.miller@enron.com>
cc:
Subject: Fwd: [Fwd: [Fwd: QUIZ OF THE AGES]]

I only got #1,2,4, and 21 right. Ha ha ha

> > "How Old Are You REALLY?????"
> > ------------------------------
> > (The answers are at the end, but don't
> cheat!!!!!!!!!!!)
> >
> > 1. Name the 4 Beatles.
> >
> > 2. Finish the line: "Lions and Tigers and Bears,
> ______ _____!"
> >
> > 3. "Hey kids, what time is it?" _____ ______ ____
> _____.
> >
> > 4. What do M&M's do? ___ ___ ___ ___, ____ ____
> ____ ____
> >
> > 5. What helps build strong bodies 12 ways?______
> _______.
> >
> > 6. Long before he was Mohammed Ali, we knew him as
> _______ ______.
> >
> > 7. You'll wonder where the yellow went, ____ ____
> ____ ____ ____ ____
> ____."
> >
> > 8. Post-baby boomers know Bob Denver as the
Skipper's "little buddy."   But we know that Bob Denver is actually Dobie's
> closest friend, _____ G.
> > _____.
> >
> > 9. M-I-C, .... See ya' real soon, .... K-E-Y,
> _____? ____ _____ _____
> _____!
> >
> > 10. "Brylcream: ____ ____ ____ ____ ____ _____."
> >
> > 11. Bob Dylan advised us never to trust anyone
> _____ _____.
> >
> > 12. From the early days of our music, real rock 'n
> roll, finish this
> line:
> > "I wonder, wonder, wonder...wonder who ____ ______
> _____ _____ _____
> ____?"
> >
> > 13. And while we're remembering rock n' roll, try
> this one:
> > "War...uh-huh, huh, ...yea; what is it good for? ,
> ____ _____."
> >
> > 14. Meanwhile, back home in Metropolis, Superman
> fights a
> > never-ending battle for truth, justice, and _____
> ____ _____.
> >
> > 15. He came out of the University of Alabama, and
> became one of
> > the best quarterbacks in the history of the NFL.
> He later went on
> > to appear in a television commercial wearing
> women's stockings.
> > He is Broadway _____ _______.
> >
> > 16. "I'm Popeye the sailor man; I'm Popeye the
> > sailor man. I'm strong to the finish, ____ _____
> ____ ___
> > ______, .... I'm Popeye the sailor man."
> >
> > 17. Your children probably recall that Peter Pan
> > was recently played by Robin Williams, but we will
> always
> > remember when Peter was played by ______ _______.
> >
> > 18. In a movie from the late sixties, Paul Newman
> > played Luke, a ne'er do well who was sent to a
> prison camp for
> > cutting off the heads of parking meters with a
> pipe cutter.
> > When he was captured after an unsuccessful attempt
> to escape, the camp
> > commander (played by Strother Martin) used this
> experience as
> > a lesson for the other prisoners, and explained,
> "What we have
> > here, ____ ____ ____ ____ ____."
> >
> > 19. In 1962, a dejected politician chastised the
> press after
>
> > losing a race for governor while announcing his
> > retirement from politics. "Just think, you won't
> have ____ ____ to
> > kick around anymore."
> >
> > 20. "Every morning, at the mine, you could see him
> arrive;
> > He stood six foot, six, weighed 245. Kinda' broad
> at the shoulder,
> > and narrow at the hip, and everybody knew you
> didn't give no lip
> > to _____ _____, _____ _____ _____."
> >
> > 21. "I found my thrill, _____ _____ _____."
> >
> > 22. ________ ________ said, "Good night, Mrs.
> > Calabash, _____ _____ ____."
> >
> > 23. "Good night, David." "_____ ______, ______."
> >
> > 24. "Liar, liar, ____ ____ _____."
> >
> > 25. "When it's least expected, you're elected.
> > You're the star today.
> > _______! _____ ______ ______ ______."
> >
> > 26. It was Pogo, the comic strip character, who
> > said, "We have met the
> > enemy, and ____ ___ ____."
> >
> > "Answers"
> > 1. John, Paul, George, Ringo
> > 2. Oh, my!
> > 3. It's Howdy Doody Time!
> > 4. They melt in your mouth, not in your hand.
> > 5. Wonder Bread
> > 6. Cassius Clay
> > 7. when you brush your teeth with Pepsodent
> > 8. Maynard G. Krebbs
> > 9. Why? Because we like you.
> > 10. A little dab'll do ya.
> > 11. over 30
> > 12. who wrote the book of love
> > 13. Absolutely nothin'
> > 14. the American way
> > 15. Joe Namath
> > 16. "cause I eats me spinach"
> > 17. Mary Martin
> > 18. is a failure to communicate
> > 19. Richard Nixon
> > 20. Big John, Big Bad John
> > 21. On Blueberry Hill
> > 22. Wherever you are.
> > 23. Good night, Chet.
> > 24. pants on fire
> > 25. you're on Candid Camera
> > 26. he is us
> > "Scoring"
> > 24-26 correct - 50+ years old
> > 20-23 correct - 40's
> > 15-19 correct - 30's
> > 10-14 correct - 20's
> > 0- 9 correct - You're, like, sorta a teenage dude
> >
>
>
>
>
>
>

__________________________________________________
Do You Yahoo!?
Yahoo! Shopping - Thousands of Stores. Millions of Products.
http://shopping.yahoo.com/


Hey Joe, I wanted to follow up with ya...I talked with Tracy Dillee in our
HR & our trading managers.  Unforntunately, they said they didn't have a
good fit right now but definitely wanted to keep your resume on file.  They
may have other opportunities over time so I would recommend you checking
back or talking with Tracy.  She can be reached at 713-544-2400 just ask for
her name.  Good luck and stay in touch...

Tom
713-544-4644

> -----Original Message-----
> From:	Parks, Joe [SMTP:Joe.Parks@ENRON.com]
> Sent:	Wednesday, February 20, 2002 11:11 AM
> To:	TOM.MCCALL@ENTERGYKOCH.COM
> Subject:	RESUME
>
> Thanks for fowarding my resume. Let me know if you have any questions.
>
>
> Thanks
	[Mccall, Tom (EKT)]
> Joe
>
>
>  <<JHP.doc>>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate
> and may contain confidential and privileged material for the sole use of
> the intended recipient (s). Any review, use, distribution or disclosure by
> others is strictly prohibited. If you are not the intended recipient (or
> authorized to receive for the recipient), please contact the sender or
> reply to Enron Corp. at enron.messaging.administration@enron.com and
> delete all copies of the message. This e-mail (and any attachments hereto)
> are not intended to be an offer (or an acceptance) and do not create or
> evidence a binding and enforceable contract between Enron Corp. (or any of
> its affiliates) and the intended recipient or any other party, and may not
> be relied on by anyone as the basis of a contract by estoppel or
> otherwise. Thank you.
> **********************************************************************
>  << File: JHP.doc >>


Dale,

Thanks for your message.
I don't know the labor market  in London that well but here the market
for quants is very hot.  Steve is in my view an exceptionally talented person
and I would go an extra mile to retain  him long-term for the company.

I would adjust the base salary or the kicker upward a bit.
o62,000 Basic  is what Anjam is receiving currently  (if I remember
correctly). Steve has a much higher value
to Enron than Anjam.

Vince

Dale Surbey
08/30/2000 07:49 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Confidential

Vince,

This is the package HR is proposing for Steven.  What do you think?

- Dale

---------------------- Forwarded by Dale Surbey/LON/ECT on 30/08/2000 13:50
---------------------------
Sophie Kingsley   29/08/2000 20:32

To: Dale Surbey/LON/ECT@ECT
cc:

Subject: Confidential

Sorry Dale, long day, here are the proposed numbers

2 Year Exec
o62,000 Basic  ( currently o55K )
o10K each year kickers
$50,000 worth of options to vest 1/3 1/3 1/3

Let me know what you think.

Regards

Sophie


Mark,
Joe is on vacation this week and will return Monday, March 18.

I know we've seen discrepancies in time-stamping of data.
I do not know if this exact issue has been seen.

Ron


---------------------- Forwarded by Jonathan Hoff/HOU/ECT on 11/08/2000 05:34
PM ---------------------------

	Enron North America Corp.

	From:  Ken Lay and Jeff Skilling @ ENRON                           11/08/2000
04:59 PM

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:
Subject: Organizational Changes

We are making a number of significant organizational changes.  These changes
are intended to accomplish four key objectives:

First, we need to realign all our wholesale businesses around the successful
business model developed over the last decade in North America and Europe.
This model relies on extensive physical and transactional networks built
around a relatively small strategic asset position.

Second, we need to significantly streamline corporate reporting
relationships.  Particularly with Joe Sutton,s departure, the ability to
directly manage the day-to-day activities of 15 independent business units
has become increasingly difficult.

Third, we need to accomplish these changes without, in any way, compromising
the ongoing profitability of all our businesses and without delaying or
hindering our effort to monetize a significant portion of our lower-yielding
asset positions.

And fourth, as always, we need to take advantage of the reorganization to
redeploy our talent into our highest value opportunities.

ENRON WHOLESALE SERVICES

Today, we are forming Enron Wholesale Services (EWS) which will consolidate
our global wholesale businesses.  The closer alignment of our wholesale
businesses will accomplish the following: (1) enhanced communication and
coordination across business units, (2) more rapid deployment of people to
higher valued opportunities, (3) more effective prioritization of
opportunities across the wholesale business, and (4) more rapid extension of
Enron,s wholesale business model and capabilities into new industries and
markets.

Enron Wholesale Services will include our current North American, European
(including Japan and Australia), Global Markets, and Industrial Markets
operations, and will be expanded to include Enron,s Net Works business unit
as well as a new unit ) Enron Global Assets.  In addition, Enron,s merchant
businesses outside of North America and Europe will be integrated into this
new structure as described below.

Mark Frevert, currently Chairman of each of our wholesale units, will assume
the role of Chairman and CEO of Enron Wholesale Services.  Greg Whalley,
currently Chairman and CEO of Enron Net Works, will join Mark in the Office
of the Chairman as President and Chief Operating Officer.

Providing further impetus for these organizational changes, several of our
international business unit leaders have elected to move into new leadership
positions:

Rebecca McDonald, currently CEO of Enron APACHI, will join EWS as President
and CEO of Enron Global Assets. Enron Global Assets will have responsibility
for managing all of Enron,s existing energy asset portfolio outside of North
America and Europe.  Joining Rebecca in the Office of the Chairman as COO
will be Jim Hughes, currently COO of Enron APACHI.  Rebecca and Jim will
report to the EWS Office of the Chairman.

Sanjay Bhatnagar, currently CEO of Enron India, has joined EBS as CEO for the
Middle East and Asia region.  Sanjay will be responsible for building our
broadband business in this region and the current EBS team in this region
will report to Sanjay.  In this role, Sanjay will report to the EBS office of
the Chairman.  In addition, Sanjay will continue to remain responsible for
Enron,s wholesale energy business in India and will transition this business
into Enron Global Assets in the near future.

Diomedes Christodoulou, currently Co-CEO of Enron South America, has joined
EBS as Chief Commercial Officer.  Diomedes will be located in London and will
focus his origination activities on global opportunities, with near term
attention to the wholesale and enterprise sectors.  Diomedes will report to
the EBS Office of the Chairman.

Jim Bannantine, currently Co-CEO of Enron South America, will be joining EES
to lead EES, commercial efforts outside North America and Europe.  In order
to ensure a smooth transition for our South American businesses and to
facilitate our asset sales activities, Jim will remain in South America for
at least the next several months and continue to serve as CEO of Enron South
America.  Throughout the transition, Jim will report to Cliff Baxter and to
the Office of the Chairman of Enron Wholesale Services.  Following the
transition, Jim will join EES.

In addition to these changes in our international asset operations
activities, we are making the following changes in our merchant wholesale
businesses and the commercial support functions:

Enron Net Works
Louise Kitchen will assume Greg,s previous responsibilities as President and
CEO of Enron Net Works, reporting into Mark and Greg.

Enron Americas
Concurrent with the transfer to Enron Global Assets of responsibility for
operating Enron,s South and Central America asset base, all trading,
marketing, and new asset development activities in these regions will report
into a new entity, Enron Americas.  Enron Americas will have responsibility
for all wholesale merchant businesses across North, Central and South
America.  Dave Delainey, President and CEO, and John Lavorato, Chief
Operating Officer will comprise the Office of the Chairman for Enron
Americas.

Enron Europe
The Enron Europe organization, which includes Enron,s businesses in Australia
and Japan, and Enron Metals, remains unchanged under the leadership of John
Sherriff, President and CEO, and Michael Brown, Chief Operating Officer.

Enron Global Markets
Enron Global Markets, under the leadership of Mike McConnell, President and
CEO, and Jeff Shankman, Chief Operating Officer, will continue to have
responsibility for Enron,s Middle East and LNG operations.  With the
exception of Ecoelectrica in Puerto Rico, all operating power plants and
associated personnel in the Caribbean and Central America will transfer to
Enron Global Assets.  Enron Global Markets will also continue to manage the
commodity businesses in crude and products, coal, weather, insurance,
equities, interest rates, foreign exchange, and agricultural products.

Enron Industrial Markets
Enron Industrial Markets, organization, under the leadership of Jeff McMahon,
President & CEO, and Ray Bowen, Chief Operating Officer, remains unchanged.

Commercial Support for EWS
The commercial support functions for EWS will remain with, and be managed by,
the individual business units.  We are creating no incremental overhead in
the creation of EWS, and in fact hope to reduce our operating costs by more
efficient utilization and sharing of resources across EWS.

To this end we have asked several people to take on an expanded role across
EWS in addition to their ongoing roles within their business units.  These
newly defined roles are as follows:

Mid and Back Office Operations ) Sally Beck will lead Mid and Back Office
Operations across EWS.  These services will become part of Enron Net Works,
with Sally reporting to Louise Kitchen and Rick Causey, Executive Vice
President and Chief Accounting Officer.  This alignment creates a coordinated
services organization with IT and e-commerce platforms to support the
wholesale businesses and to maximize opportunities to commercialize these
services.  Mid and Back Office services for all commercial activities will
continue to be organized with dedicated operations controllers responsible
for specific commodities and/or geographic locations.
Legal ) Mark Haedicke will serve in the role of General Counsel for EWS.
Regulatory and Government Affairs ) This function will remain organized on a
regional basis.  Rick Shapiro will support all EWS businesses operating in
the Americas, and Mark Schroeder, who is based in London, will support all
European and Eastern Hemisphere operations.  Rick and Mark will also continue
to support all other Enron businesses operating in their respective regions
and will continue to report to Steve Kean, Executive Vice President and Chief
of Staff.
Public Relations ) This function is also organized primarily on a regional
basis.  Eric Thode will have responsibility for North American activity,
Enron Net Works, and Enron Industrial Markets.  Jackie Gentle will continue
in her role for Enron Europe (including Japan and Australia) and John Ambler
will have responsibility for activity outside North America and Europe as
well as providing support for Enron Global Markets and Enron Global Assets.
These individuals will also continue to have a split reporting relationship
to Mark Palmer, Vice President of Communications.
Business Analysis and Reporting ) Wes Colwell will expand his role to cover
EWS reporting in addition to his current role in North America.

Attached for your review is an organization chart for Enron Wholesale
Services which summarizes the changes described here.  As this organization
continues to evolve we will keep you informed of any additional changes.

ENRON GLOBAL EXPLORATION AND PRODUCTION
AND ENRON WIND

 As part of our company-wide initiative to examine our assets and investments
around the world, we are considering a variety of options with respect to
EGEP and EWC.  As a consequence, we are putting these businesses under Cliff
Baxter,s direction.  Jeff Sherrick, CEO of EGEP, and Jim Noles, CEO of Enron
Wind, will report to Cliff.

CORPORATE STAFF

 We are consolidating the corporate staff functions: Human Resources,
Government Affairs, Public Relations/Communications and Administration.  In
that regard, Cindy Olson, Executive Vice President of Human Resources and
Community Relations, will report to Steve Kean, Executive Vice President and
Chief of Staff.

COMMITTEE STRUCTURE

 In light of the increased leadership opportunities created by Enron,s
growth, the Executive Committee will be expanded to include more of our
business unit leaders.  The primary role of this committee will continue to
be the communication of relevant information across Enron,s businesses and
the coordination of activities across those businesses.  We will also be
drawing on this group to lead company-wide initiatives such as the
performance review process and evaluation and creation of new businesses.
The Executive Committee membership is shown on the attached list.

 We are also forming a new committee ) the Enron Corporate Policy Committee.
This group will be responsible for overall corporate policy, personnel
management policy and corporate strategy.  The Enron Corporate Policy
Committee membership is also shown on the attached list.

 We are confident that these changes will align our talent and our capital to
our highest return opportunities.  Please join us in congratulating and
supporting all of these individuals in their new roles.


EDGAR Online's VC SECrets Newsletter
Editor: Tim Middleton, EDGAR Online Analyst
editor@edgar-online.com

VC SECrets contributors include EDGAR Online Analyst Tim
Middleton and Venture Capital Contributor Udayan Gupta.

Udayan covered the venture capital industry for more than
a decade as a senior writer for The Wall Street Journal.
He is the author of the forthcoming book "Done Deals" (Harvard
Business School Press, 2000), an inside story of the venture
capital industry.

/----------ADVERTISEMENT--------------------StockPower provides tools to help
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\------------------------------------------/

*** To the Editor***
----------------------------------------
Stock Option Dangers Overstated by the New York Times

Tuesday's (June 13) New York Times featured an extensive
article on the dangers of stock options: "The Hidden Cost
of Stock Options May Soon Come Back to Haunt." As the Times
pointed out, options carry significant costs, especially in
a declining or stagnating stock market. How? Companies must
buy back millions of their own shares to offset the stock
they have dispensed to employees at much lower prices in
options programs. The rationale being that if companies did
not repurchase their stock, there would be so many shares
on the market that the company's earnings, on a per-share
basis, would plunge.

Yes, the nation's largest 140 non-financial companies are
spending about 40% of their earnings on stock buy-back
programs. Yes, Dell and Microsoft spent several billions
dollars apiece last year in stock buyback programs. But in
reality, stock options are not as out-of-control as the New
York Times would have you believe.

Companies need to get shareholder approval for their stock
option grant pools. Institutional investors have been putting
the breaks on excess share dilution and greedy plans. Stock
options will continue to be great tax deals for both companies
and their employees. Without their attractiveness in a tight
job market, salaries would jump and with that inflation, then
interest rates, then economic downturn. We all need to root
for the continued appeal of options, even with its quirky
accounting treatment.

Look at the global spread of stock options. Many countries
now view options as the core of the U.S. economic expansion
and business spirit.

Companies must learn to stop pitching options as a "get rich
quick" scheme. Instead, they should stress the long-term value
of options for employees and the link between personal
performance, company goals, and stock options.

-- Bruce Brumberg is an attorney and the Editor-in-Chief of
myStockOptions.com, a new website that will be publicly
available soon.

----------------------------------------
***VC QUESTION OF THE WEEK***
----------------------------------------

QUESTION: How do I value options in a private company?

ANSWER: If your company is private, then you should look at
recent grants of options to new employees or at a recent
financing round. Typically, options are granted at fair market
value so you will be able to figure out the difference between
the exercise price of these recent grants and your exercise
price.  Remember, you  also need to consider the future growth
of the company, which is greater on a percentage basis for
private companies. Valuation of private company stock is much
more of an art than a science.

-- Bruce Brumberg, myStockOptions.com

*** USER NOTE: For public companies, EDGAR Online makes it
easy to find out more about stock option plans, option treatment
and executive compensation.  Here's how you can get started.

Go to http://www.edgar-online.com/fts/search.asp and type
"stock option" into the Search Text box.  You can further
narrow your search by entering "stock option granted" or
"stock option exercised."    You may also choose to limit
results by specifying a company (or ticker symbol) to explore,
(i.e. ticker symbol "DELL") or a form group.  Hint:  Companies
typically disclose stock option grant information in their Proxy
Form (DEF 14A or PRE 14A).

*** Advanced User Tip:  From the Search Text box, change
"stock options" to "stock options" <near/5> granted. NOTE:
the phrase "stock options" must be in quotes. Now you have
told EDGAR that you want to search all DELL documents in
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word "granted." Try changing the word "granted" to "exercised."
You may also modify the number of adjacent words. Try changing
5 to 20 to widen the scope of your search.

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\-----------------------------------------/

----------------------------------------
**VENTURE CAPITAL COMPANY PROFILE
----------------------------------------
by Udayan Gupta, Venture Capital Contributor

Biotech Startup Emerging as Leader in Memory Loss Treatment

By jogging the memory, Memory Pharmaceuticals Corp.
(http://www.memorypharm.com) hopes to become a major player
in the biotechnology business. By treating the symptom of
memory loss in diseases such as Alzheimer's and Parkinson's,
the Columbia University start-up could well become the next
industry star.

The population Memory is addressing is huge. Almost half
of all Americans over 85 suffer from Alzheimer's disease,
according to the Chicago-based Alzheimer's Association. And
by the year 2050, the number of Americans afflicted by
Alzheimer's is expected to rise to eight million - double the
number at the end of the 20th century.

Alzheimer's is a slow killer. It can take anywhere from three
to 20 years for a patient to die after being diagnosed, the
Association said. As a result, the cost to the healthcare
system of keeping an Alzheimer's patient alive and functional
can be extremely high. Companies that can help lessen the
impact of Alzheimer's are considered extremely valuable to
the healthcare system and the afflicted patient.

Memory is developing a unique drug-profiling platform to
create therapies for learning and memory-related disorders.
Called Cognostics, the platform identifies cell-based and
physiological assays in an effort to treat the symptoms of
mild to moderate dementia - inability to learn and memory
loss - caused by Alzheimer's, Parkinson's, and, potentially,
Down's syndrome and epilepsy. Cognostics identifies drugs
that treat the symptoms, not the disease itself.

Memory plans to develop drugs in-house, and to create others
through partnerships with major pharmaceutical companies.
Memory's larger goal, however, is to develop a product that
will curb or prevent memory loss in the greater population,
a potentially giant market considering the buying power of
the 83 million US baby boomers. It is a market that has not
gone unnoticed by others. Today, many other small companies,
such as American Biogenetic Sciences, Inc. (ABS),
NeoTherapeutics, Inc. (NEOT) and Helicon Therapeutics, and
large pharmaceutical firms, such as Pfizer Inc. (PFE), Shire
Pharmaceuticals Group plc (SHPGY), and Johnson & Johnson (JNJ)
are also looking for similar treatments. But Memory officials
believe that the competitors might become allies - especially
if the company can develop and test its platform first -
selling memory-enhancing drugs to graying populations worldwide.

The technology behind Memory is impeccable. Eric Kandel, a
professor at Columbia University's Center for Neurobiology
and Behavior, and Walter Gilbert, Harvard University professor
and Nobel laureate, started Memory in the mid '90's. Shortly
thereafter Axel Unterbeck, former head of CNS-Dementia
research at Bayer AG (BAYZY), joined as president and chief
scientific officer.  Columbia, which has an equity stake in
the privately-held firm, granted Memory exclusive rights to
develop Kandel's patents, in return for royalties.

The company is well backed.  It has received nearly $15
million in financing from venture capitalists such as Oxford
BioScience, VenRock Associates, HealthCare Ventures, Alta
Partners, and SR One. And it is aggressively pursuing corporate
partners that can provide capital and infrastructure support.

In an investment environment in which biotechnology has
once again regained investor confidence, and companies with
strong backers and technology are sought after, Memory
Pharmaceuticals is well worth watching.

Memory Phamaceuticals Corp.- Key Players

Venture Fund Investors:

Oxford Bioscience Partners
VenRock Associates
HealthCare Ventures LLC
Alta Partners
SR One Ltd.
Life Science Ventures
GIMV Investors

Principal Officers:

Robert S. Cohen  CEO and Director
Joanne M. Leonard  Vice President, CFO and Treasurer
Axel Unterbeck, Ph.D. President and Chief Scientific
Officer, Director, and Co-Founder

----------------------------------------
**VC SECTOR PROFILE ****
----------------------------------------

Network Infrastructure and Value-Added Services

Companies profiled:
Flashcom  (www.flashcom.com)
Intira Corporation (www.intira.com)
Jato Communications (www.jato.net)
Quantum Shift (www.quantumshift.com)
ThinkLink (www.thinklink.com)

Most venture capitalists believe in hedging their bets. So,
although they might focus on one broad industry segment,
they tend not to have too many portfolio companies that are
targeting the same customers or the same solutions. But there
are exceptions. The Mayfield Fund, one of the few funds that
continues to focus on computer technology and the life
sciences, is convinced that there is a burgeoning market for
network infrastructure and the value added services around
that infrastructure.

As DSL (Digital Subscriber Line) technology becomes more in
demand because of its ability to replace modems and T1 lines,
and IP (Internet Protocol) technology becomes a standard for
both data and voice transmission, companies that are providing
infrastructure support and value added services for these
technologies can build substantial businesses. And as service
and infrastructure providers these companies may prove to be
more real than many of the Internet shadowcatchers.

***************************
Flashcom  (www.flashcom.com)

Flashcom delivers high-speed DSL access to customers in 48
states through agreements with competitive local exchange
carriers. Additionally, the company has a multi-year agreement
with AT&T to access AT&T's Global Internet system using
AT&T's Managed Internet Service. By focusing exclusively on
DSL, Flashcom has become the leader in the space.

EDGAR INSIGHT: Flashcom filed an S?1 on May 12, 2000.

http://www.edgar-online.com/secrets.asp?d=A-1112437-0000892569-00-000385

NOTE: Before going public (i.e. selling shares on an exchange),
companies must file an S-1 form with the SEC. This extensive
document includes such information as risk factors, financials,
strategy, industry, management bios and more.

Venture Fund Investors:

Mayfield Fund
Communications Ventures
Intel Corporation

Principal Officers:

Richard Rasmus  President and CEO
M. Wayne Boylston  CFO

****************************************
Intira Corporation (www.intira.com)

Intira acts as an outsourcing resource for companies seeking
application hosting, hardware and software OS provisioning,
network connectivity and infrastructure support services.
Through data centers at its headquarters in Pleasanton, CA,
and in St. Louis and New York, and through its nationwide
broadband network of proprietary management services, the
company provides seamless infrastructure performance to
e-businesses, applications service providers and independent
software vendors.

Venture Fund Investors:

Mayfield Fund
Chase
Spectrum Equity
NEA

Principal Officers:

Bernie Schneider  CEO
David S. Boone  CFO
John Steensen  Vice President, Chief Technology Officer

****************************************
Jato Communications (www.jato.net)

Jato provides business grade DSL service to small and
medium-sized companies in secondary markets directly,
and through Internet service providers and value added
resellers. Business grade DSL has been proven to be faster
and more reliable than residential grade DSL and cable modems.

EDGAR INSIGHT: Jato filed an S-1 on December 23, 1999 and
filed a request to withdraw its S-1 May 12, 2000.

http://www.edgar-online.com/secrets.asp?d=A-1073715-0000912057-99-010533

Venture Fund Investors:

Mayfield Fund
Crest Communications Partners, L.P.
CEA Capital Partners USA, L.P.
ABN AMRO Capital (USA), Inc.
Access Technologies partners
Qwest Communications
Microsoft

Principal Officers:

Gerald K. Dinsmore  President and CEO
Terri Compton Executive Vice President and COO
William D. Myers Senior Vice President, Finance and
Strategic Planning, CFO
Rex A. Humston Senior Vice President, Engineering and
Chief Technology Officer

****************************************
Quantum Shift (www.quantumshift.com)
formerly MVX.com

On May 8, 2000, MVX.COM changed its name to QuantumShift
to better reflect the wide-ranging changes it is bringing
to the telecommunications industry. The company offers
businesses one-stop-shopping for telecommunications solutions
and implementation strategies. Through alliances with U.S.
-based and international companies, it provides an array of
communications services from local and long distance, to
frame relay and ISDN.

Venture Fund Investors:

Mayfield Fund
Texas Pacific Group
Francisco Partners

Principal Officers:

Scott Schaefer  President and CEO
Edward A. Brinskele Co-Founder and Chief Technology Officer

****************************************
 ThinkLink (www.thinklink.com)

ThinkLink is a telecommunications applications service
provider offering unified messaging. Users are assigned a
local number and an 800 number. All calls, faxes and emails
made to the user's home, office, or other locations can be
accessed by the user over the phone. The service can be bundled
and branded by ISPs, Internet portals, and other companies
who want to provide customers with the latest communication
technology.

Venture Fund Investors:

Mayfield Fund
Softbank Technology Ventures

Principal Officers:

David B. Ward  President and CEO

/----------ADVERTISEMENT--------------------
Subscribe to IPO Express and you can receive company
reports, Daily wrap-ups and Weekly summaries of the IPO
market sent direct to your desktop.

Go to http://www.ipo-express.com.com
for more information.
\-------------------------------------------/

----------------------------------------
**COMPANIES MENTIONED IN THIS ISSUE***
----------------------------------------

ABN AMRO Capital (USA), Inc.
Access Technologies partners
Alta Partners
American Biogenetic Sciences, Inc.
AT&T,
Bayer AG
BioScience
CEA Capital Partners USA, L.P.
Chase
Communications Ventures
Crest Communications Partners, L.P.
Dell
Flashcom
Francisco Partners
GIMV Investors
HealthCare Ventures
Helicon Therapeutics
Intel Corporation
Intira Corporation
Jato Communications
Johnson & Johnson
Life Science Ventures
Mayfield Fund
Memory Pharmaceuticals Corp.
Microsoft
MVX.COM
NEA
NeoTherapeutics, Inc.
Oxford Bioscience Partners
Pfizer Inc.
Quantum Shift
QuantumShift
Qwest Communications
Shire Pharmaceuticals Group plc
Softbank Technology Ventures
Spectrum Equity
SR One
Texas Pacific Group
The Mayfield Fund
ThinkLink
VenRock Associates

----------------------------------------
***PEOPLE MENTIONED IN THIS ISSUE***

Edward A. Brinskele
David S. Boone
M. Wayne Boylston
Robert S. Cohen
Terri Compton
Gerald K. Dinsmore
Walter Gilbert
Rex A. Humston
Eric Kandel
Joanne M. Leonard
William D. Myers
Richard Rasmus
Scott Schaefer
Bernie Schneider
John Steensen
Axel Unterbeck
David B. Ward

----------------------------------------
UNSUBSCRIBE INSTRUCTIONS
----------------------------------------
To unsubscribe from the SECrets Newsletter,
go to http://www.edgar-online.com/auth/updateinfo.asp
and deselect the free newsletter option.
If you need your user name or password, go to
http://www.edgar-online.com/username.asp.
For help, contact support@edgar-online.com.
----------------------------------------
----------------------------------------
Copyright 2000, EDGAR Online
http://www.edgar-online.com
-----------------------------------------
DISCLAIMER: The EDGAR Online report
contains observations of its editor
Tim Middleton, a consultant of EDGAR
Online and is for informational purposes
only.  These statements and expressions
are the sole opinions of Mr. Middleton and
EDGAR Online does not endorse nor
necessarily agree on such statements
and expressions.  Factual statements in
this report are made as of the date
stated and are subject to change without notice.
Nothing contained herein shall be deemed to be
recommendations to buy, hold or sell securities
nor shall it purport to be a
complete analysis of the companies
mentioned.  While the information
contained in this Report and the opinions
contained herein are based on sources believed
to be reliable, neither Mr. Middleton nor EDGAR
Online have independently verified the facts,
assumptions and/or estimates that may
be contained in this Report. Accordingly, no
representation or warranty, expressed or implied,
is made as to, and no reliance should be placed
on, the fairness, accuracy, completeness or
correctness of the information and opinions
contained in this Report.
----------------------------------------


fyi
---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 10/27/2000
10:39 AM ---------------------------

Vanessa Bob
10/17/2000 01:44 PM
To: Susan Skarness/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Rosalee
Fleming/Corp/Enron@ENRON, Carol Ann Brown/Enron Communications@Enron
Communications, Cindy Stark/Corp/Enron@ENRON, Bert Frazier/HOU/ECT@ECT,
Maureen McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Dorothy
Dalton/Enron Communications@Enron Communications, Sherri
Sera/Corp/Enron@ENRON, Carol Moffett/HOU/EES@EES, Pam
Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ruth Ann Brown/HOU/EES@EES, Judy
G Smith/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Zulie
Flores/Corp/Enron@ENRON, Deb Gebhardt/Corp/Enron@ENRON, Terrie James/Enron
Communications@Enron Communications, Ann Joyner/Corp/Enron@ENRON, Molly
LaFuze/Enron Communications@Enron Communications, Bobbie
Power/Corp/Enron@ENRON, Alexandra Saler/HOU/EES@EES, Rachael
Tobor/HOU/EES@EES, Kathy Wyatt/SFO/EES@EES, Janet H Moore/HOU/ECT@ECT,
Geriann Warner/NA/Enron@Enron, Katherine Brown/Corp/Enron@ENRON, Susan
Kalich/HOU/AZURIX@AZURIX, Brenda Castillo/NA/Enron@Enron, Karen K
Heathman/HOU/ECT@ECT, Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Beena Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sherryl
Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary E
Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cathy Phillips/HOU/ECT@ECT,
Loretta Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT,
Karen Owens/HOU/EES@EES, Liz M Taylor/HOU/ECT@ECT, Jeffrey
McMahon/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Julie Armstrong/Corp/Enron@ENRON,
Molly Bobrow/NA/Enron@Enron, Kathleen E Magruder/HOU/EES@EES, Peggy
Mahoney/HOU/EES@EES, Elizabeth Ivers/HOU/AZURIX@AZURIX, Charla
Stuart/Corp/Enron@ENRON, Georgia Fogo/HR/Corp/Enron@ENRON, Elyse
Kalmans/Corp/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON, Missy
Stevens/Corp/Enron@ENRON, Misha Siegel/Corp/Enron@ENRON, Craig
Childers/HOU/EES@EES, Greg Grissom/Corp/Enron@ENRON, David
Tagliarino/HOU/ECT@ECT, Kathy Mayfield/Corp/Enron@Enron, Charla
Reese/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Laura Schwartz/Corp/Enron@Enron,
Charla Stuart/Corp/Enron@ENRON, Patti Walsh/HOU/ECT@ECT, Elizabeth
Tilney/HOU/EES@EES, Ruth Ann Brown/HOU/EES@EES, Karen Marshall/HOU/ECT@ECT,
Tracy Geaccone/GPGFIN/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: TABLES REPORT

The updated tables report is attached.  Please let me know if you have any
corrections/changes.

Vanessa


ZIPPER, ANDREW A,

You have been selected to participate in the Mid Year 2001 Performance Management process.  Your feedback plays an important role in the process, and your participation is critical to the success of Enron's Performance Management goals.

To complete a request for feedback, access PEP at http://pep.enron.com and select Complete Feedback from the Main Menu.  You may begin providing feedback immediately and are requested to have all feedback forms completed by Friday, May 25, 2001.

If you have any questions regarding PEP or your responsibility in the process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a status of "OPEN."  Once you have submitted or declined an employee's request for feedback, their name will no longer appear on this list.  NOTE: YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

Employee Name:
SHELBY, REX
WAX, BRANDON


As a follow up to our meeting yesterday, here is a proposed timeline for the simulation which is scheduled for Thursday February 7th between 9:00 am and 11:00 am (Houston time):

Monday February 4th:
Complete preparation of Simulation Events and scripts

Tuesday February 5th:
Credit will provide a list of priority counterparties (anticipated to be approved for launch date)
Online Operations activates all counterparties on priority list in database and inactivates all other counterparties
Credit uses Profile Manager to provide profiles for approved counterparties
RAC inputs Sigma Factors into the database for all active Product Types
Online Operations will issue new application and website User ID's and Passwords to Traders
Online Operations confirms Product Types and Products are in the database
Online Operations confirms Online Contracts are in the database

Wednesday February 6th
Online Operations completes desktop check-ups for all application and website user
Traders access applications and review products and stack relationships
Counterparty User ID's and Passwords will be issued to role players
Credit rolls headroom into online database (evening)
Online Operations confirms database is set to Simulation scripts

Thursday February 7th
Simulation Trading 9:00 to 11:00 (Houston time)
11:00 Emergency shut down of transaction system
11:00 Simulation feedback
11:00 - 3:00 process simulation transactions through mid and back office systems
3:00 - 8:00 Shut down all systems to purge transactions
Credit rolls headroom into online database

Please contact me if you have any questions or concerns on this.  Please notify me if any of these tasks are not or will not be completed on the day suggested.  Thanks

Bob Shults
EnronOnline LLC
Houston, Texas 77002-7361
713 853-0397
713 825-6372 cell
713 646-2126 fax
713 467-6174 home
bob.shults@enron.com
rshults@houston.rr.com


OK, so I don't know all of you and many others are long estranged.  And
there's nobody estranger than Brewster!  Hey-oohhh!  Yes!

Now that I have tickled your funny bone, I would like to tickle another
bone.  That bone is the one that is interested ushering our mutual friend,
Eric Ellwanger into blissful espousal.  We are throwing what the French
call "un party d' bachelor" for the bon bon homme.  (I do not speak French,
but I think that last bit rhymed.)

I really do not have a lot of information yet, I just wanted to make sure
that everyone keeps the date open.  The main event is Saturday,  May 12th
(a week before the actual wedding).  But, I think we oughta make a weekend,
and then a week of it, since at least Eric and Adam will be free for the
entire week between the bachelor party and the wedding.  It will take place
in Houston, but naturally will have global repercussions.  Out of towners
and drunkards, don't worry about a place to stay, I've got lots of room.

Oh, don't get too excited, but I might be able to get the KLF to perform.
They've got a hip new sound!

In the meantime, I would love to hear any ideas you might have for themes,
party favors, and the like.  Maybe something to do with the Cardinals,
Hawaiian shirts, or malted milk.   Also, if you have any pictures, please
send those along, as the hosts will possibly be developing a website to
chronicle this event.

Sincerely, Clay

7136568246 day
7135281980 night
7136622789 night after April 23rd
clay.f.guinn@exxonmobil.com

oh, and anything dirty, please email to clayguinn@yahoo.com instead of here


Disregard the last email from me.  Attached are the prepared comments that
Steve Kean will have at the FERC meeting tomorrow.

----- Forwarded by Sarah Novosel/Corp/Enron on 11/08/2000 06:37 PM -----

	"Jeffrey Watkiss" <dwatkiss@bracepatt.com>
	11/08/2000 06:36 PM

		 To: <snovose@enron.com>
		 cc:
		 Subject:

 - 0133819.01


By Michael Rieke  11/02/1999 Dow Jones Energy Service  (Copyright (c) 1999,
Dow Jones & Company, Inc.)

 HOUSTON -(Dow Jones)- Enron Corp. (ENE) is currently testing hardware and
software in order to start trading telecommunications
 bandwidth capacity early next month.

 The installations, in New York City and Los Angeles, are key steps in a
pioneering proposal that could create a market worth "hundreds of
 billions of dollars a year," Tom Gros, Enron Communications vice president
of global bandwidth trading, told Dow Jones Newswires.

 Enron has proposed trading Time Division Multiplexing, or TDM, and Internet
Protocol, or IP, bandwidth. TDM is used mostly for voice
 transmission and IP is used mostly for data transmission.

 In non-technical terms, TDM and IP have been compared to two different
systems for moving commuters. TDM is comparable to a rail
 system moving commuters by train, with only one train at a time moving on
the track between two points. IP is comparable to commuters
 moving in smaller groups in several cars between the same two points. The
route between those two points can be used by other
 commuters (or other data) at the same time.

 In other words, TDM sends one signal at a time between two points. IP breaks
a single transmission of data into packets of data, moves
 them to another point where they are reassembled into one message. With IP,
packets of many separate data transmissions can be sent
 simultaneously over a path.

 Trading of TDM bandwidth will start in December and trading of IP will start
early next year, Gros said. Trading will begin with TDM
 because it's a more liquid market.

 Three types of TDM bandwidth will trade: DS-3, OC-3 and OC-12. DS-3 moves
about 45 million bits per second, OC-3 moves 155.52
 Mbps and OC-12 moves 622 Mbps.

 Enron's proposal would establish a master agreement covering quality
specifications and the delivery mechanism for trading bandwidth as a
 commodity.

 After companies sign that agreement, all their trades would be covered by
it. Individual deals could then be negotiated over the phone to
 cover price, time period, segment and quantity in a few minutes, Gros said.

 The standard terms and conditions Enron has come up with should make deals
happen more quickly, said Amanda McCarthy, an analyst
 for Forrester Research, a technology research company.

 Each deal's contract would be confirmed the same day by facsimile or
electronic communication between the buyer and seller. They would
 be unregulated, over-the-counter transactions.

 If a company fails to make or take delivery according to the deal
specifications, it would be subject to liquidated damages.

 By installing the hardware and software needed for trading, Enron will
become the first pooling point developer called for in its proposal.
 The hardware and software will establish connections with other carriers,
enabling trades of TDM bandwidth capacity between New York
 and Los Angeles.

 The path between New York and Los Angeles is the most liquid in North
America, Gros said. It's also an excellent launching point to
 connect with European and Asian markets.

 Because that path is volatile, it will motivate industry players to mitigate
price risk and will give speculators trading opportunities, according
 to Enron's proposal.

 Developers will build up to 100 other pooling points in North American
cities in the next 24-36 months, Gros said. Those pooling points
 will allow bandwidth between other pairs of cities to trade under the
standard terms and conditions.

 As many as 100 more pooling points will be built outside of North America,
particularly in Western Europe and the Pacific Rim, creating a
 global market for bandwidth, he said.

 Enron Chairman Ken Lay said recently that bandwidth would be trading under
Enron's proposal in Europe by the first half of next year and
 in Asia by the second half of next year.

 Enron is willing to build all the pooling points, at a cost of "a few
million dollars" each, Gros said. But other companies also are interested in
 being pooling point developers. "Once we build the first two and prove the
concept, we're looking forward to pretty healthy competition
 for people who want to be pooling point developers."

 Having Enron own any of the pooling points is a problem, said Forrester's
McCarthy. "Enron is not a disinterested party. It has its own
 network and (it) owns hubs, so a company like AT&T won't fully participate
in that market. The idea of a neutral third party is important,"
 she said.

 Gros said Enron has addressed that potential problem with the concept of a
pooling point administrator, or PPA. The PPA, a neutral third
 party, would help to arrange physical delivery of the bandwidth. The PPA and
both parties to the trade would monitor quality of service
 and other terms of the deal as it runs its course.

 Enron is talking to PricewaterhouseCoopers about being the pooling point
administrator. PricewaterhouseCoopers already has been
 working with Enron for months to develop the role of the pooling point
administrator.

 Pooling point developers will have to build to meet specifications of the
bandwidth trading organization, or BTO, Gros said. The bandwidth
 trading organization will be made up of traders in industry and will be
authorized to approve pooling point developers and the pooling point
 administrator.

 "We hope that...by the end of the first quarter of 2000, we (will) have the
founding members of the trading organization," Gros said. "That's
 not a firm date but a reasonable time frame."

 The BTO wasn't part of the original trading proposal Enron released in May.
It was added recently to help allay any fears about Enron or
 any other company developing and owning pooling points.

 Some skeptics doubt there will be a rush to sign up for the BTO or to accept
Enron's proposal for trading. They cite what they call a poor
 turnout at Enron's "industry summit" in September in California.

 Gros wouldn't name specific companies that attended the meeting. He said
only that it was attended by telecommunications "carrier firms
 that have significant physical capacity in the Pacific, Atlantic and North
American segments." There were also hardware firms and "a couple
 of consulting firms represented."

 An attendee, who didn't want to be identified, said only two carriers
attended, Global Crossing Ltd. and Williams Communications Group.
 "They were having a tough time with (the proposal)," he said.

 Gros said Enron had the turnout it expected. Attendance was limited
purposely so the meeting would be a round-table discussion. "We
 turned away dozens who had asked to come," Gros said.

 He isn't bothered by skeptics. Enron encountered skeptics when U.S. natural
gas and electric power markets were commoditized in the
 last two decades, he said. The company worked to establish both of those
markets and now it is the largest player in each of them. It also
 plans to be a "first-mover" in the bandwidth market.

 When trading starts in December, Enron will be a market-maker, buying or
selling as needed to get the market moving, Gros said.

 And he won't be discouraged if the market doesn't grow quickly. The
commodity market for gas and power each took off slowly, he said.

 Instead, he continues to promote the benefits of a bandwidth commodity
market. "Even if you don't own any physical capacity, it will be so
 easy for you in...a couple of phone calls to effectively nail up a national
or possibly international telecommunications grid."

 If the market develops as Enron has predicted, it could prevent major
headaches for telecommunications carriers and their customers.

 When Uunet, a unit of MCI Worldcom Inc. (WCOM), had a system problem
recently, the Chicago Board of Trade, one of its customers,
 lost its online trading system for a few days.

 "If bandwidth had been trading as a commodity when MCI had its problems last
month, it would have given the company a range of
 choices to solve the problem," said Forrester's McCarthy.

 Gros agreed. A real-time market in bandwidth could develop. If that market
had existed when Uunet had its problem, the CBOT would
 have been able to get its online trading system back up "in a matter of
minutes or hours," he said.

 -By Michael Rieke, Dow Jones Newswires, 713-547-9207
michael.rieke@cor.dowjones.com


Sally, This is the meeting we discussed during our Tuesday morning meeting
with Wes if you are interested in attending.  Cindy

---------------------- Forwarded by Cynthia Morrow/Corp/Enron on 05/25/2000
03:54 PM ---------------------------

Shirley Tijerina
05/25/2000 02:15 PM
To: Wes Colwell/HOU/ECT@ECT, Cynthia Morrow/Corp/Enron@ENRON, Rainier S
Cockrell/HOU/ECT@ECT
cc:

Subject: Confirmation of SAP Reporting Meeting

This is to confirm that the meeting in regards to SAP Reporting has been
scheduled for Friday, May 26 from 8:00am - 9:00am in EB3305.

If you have any question, please call me at X58113.

Thanks.

Shirley


Jeff said that he spoke to you. I requested that they restate P&L for yesterday.  One issue is that I set the GD Index curves and Phys Index curves as usual, but Anne failed to pull in Index.  She pulled in only price and basis.  She will fix this going forward.

Reitmeyer's P&L was an issue with Logistics.  His transport tickets were not put in until 4:00 yesterday - too late to capture.  We will talk to Superty about this.  His P&L will be -610,000, a 1.3 million increase.

Frank Ermis is still looking into his issues.

I will call you after cash trading.

Mike


TCPL and the Stakeholders have been meeting regularly since January and are
close to a partial two year toll settlement along the following lines
acceptable to TCPL:

Cost of Capital and ROE - to be litigated in NEB Rate Hearing
Operations, Maintenance and Administration Costs - 2001 = $223M    2002 =
$216.5M
Depreciation - 2001 2.76% (increase of 0.1%)   2002 = 2.91%  (approx $60M
over two years)
Authorized Overrun Service of 2.5% of FT credited to IT services
Employee Severance costs amortized over 3 years
Revenue Sharing to be capped at $5M
New Services to be tariffed and run through expedited Tolls Task Force
Process.  If opposed at TTF, sponsors can file application with NEB.
IT Floor = greater of 80% of FT toll or sum of incremental marginal fuel cost
pus FT Commodity toll plus 5% of daily FT demand toll
STFT - status quo
AECO/ANR Storage - TCPL commitment to review monetization and disposition
options on 8 bcf this year

In terms of an Eastern Zone toll and prior to taking into account any
increase for higher cost of capital, this represents about CDN$1.10/GJ in
2001 and $1.15 in 2002 (assuming discretionary revenue of $40M/year).

Going around the table most stakeholders, including the LDCs and CAPP gave it
unenthusiastic support although IGUA and Centra Man indicated they have
strong problems with AOS if it is run as a credit to IT services.  El Paso
and PGE were non-commital and may end up opposed.  Representing Enron, I
expressed concern about the lack of clarity around what marginal fuel costs
mean but indicated we would unlikely to be opposed (i.e prepared to litigate)
if it was otherwise widely supported.

TCPL is to draft agreement language for distribution next week.

Any questions let me know.

Kevin
403 974-6727


Richard,

I have made discreet inquiries at Rice and it seems they are looking for somebody
with a different profile than the one you represent. I think that the interest is more
in a person with more financial institution risk management experience, with special applications
to trading and energy trading in particular.

Vince

 -----Original Message-----
From: 	"Richard MacMinn" <macminnr@uts.cc.utexas.edu>@ENRON [mailto:IMCEANOTES-+22Richard+20MacMinn+22+20+3Cmacminnr+40uts+2Ecc+2Eutexas+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Thursday, August 23, 2001 2:39 PM
To:	vkamins@ect.enron.com
Subject:	Enron chair at Rice

Dear Vince

I recently saw an announcement of Enron's risk management chair at Rice
University.  Do you know about it or the people at Rice?  While I'm having a
great time working with Swiss Re here, I am thinking about coming home for
my wife's sake.  Do you think that Rice would be open to a person in risk
management with an insurance as well as a finance background?  That was
certainly not true at Texas and that's why I'm asking.

I hope all is well there with you.  I did appreciate your presentation to my
finance classes there at the University of Texas a couple of years ago.  I
also appreciated the assistance that you recently gave one of my Texas Ph.
D. students.  He was and I still am working on pricing weather derivatives.

Best regards
Richard

Professor Richard MacMinn, Editor
The Journal of Risk and Insurance
The Swiss Re Chair in the Management of Risk
Centre for Risk and Insurance Studies
Nottingham University Business School
Jubilee Campus, Wollaton Road
Nottingham, NG8 1BB
United Kingdom

JRI Office: +1 512 471-0018
Nottingham Office: +44 115 846-6679
eFax: +1 305 768-0522
Nottingham eFax: +44 870 134-0932

Journal: mailto:jri1@uts.cc.utexas.edu
Editor:  mailto:macminnr@uts.cc.utexas.edu
Other: mailto:richard.macminn@nottingham.ac.uk

Journal of Risk and Insurance: http://www.aria.org/jri/jri.asp
Vita: http://www.aria.org/macminn/

The only thing necessary for the triumph of evil is for good men to do
nothing. Edmund Burke

 - winmail.dat << File: winmail.dat >>


Start Date: 4/30/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001043008.txt
Error: Invalid variant type conversion

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: FIRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_GUZMAN
  ENGY_TYPE: FIRM


Mark/Alan

As discussed.
----- Forwarded by John Viverito/Corp/Enron on 08/30/2000 03:50 AM -----

	John Viverito
	08/30/2000 03:37 AM

		 To: Tetsuro_Kono@sanwabank.co.jp, yusuke_katoh@sanwabank.co.jp
		 cc: Jonathan Whitehead/AP/Enron@Enron
		 Subject: SANWA BANK ISDA MASTER AGREEMENT

Dear Mr. Kono and Mr. Kato,

Attached hereto, is the draft ISDA documentation for your review.  Included
are the Schedule, the Credit Support Annex and the Enron Corp. Guaranty.

I apologize for the delay in the preparation and distribution of these
documents.

We look forward to receiving your comments.

Best regards,

John Viverito


FOEX published its index today

NBSK 469.23 down $8.04 or 1.68%  from last week.
BHKP came at 402.09 down $6.41 or 1.57% from last week

The average prices for the month of July were: NBSK $483 and NBHK $410 compared to last month's average of  $521(NBSK) and $453(NBHK).
See attached


CALENDAR ENTRY:	APPOINTMENT

Description:
	Portland Office

Date:		9/28/2000
Time:		8:00 AM - 9:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


CGoering@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving the following hours in the October 18, 2001
Real-Time Market per ECA 20010908B to verify prices:

HQ:  7:00, 22:00
OH:  7:00, 22:00
NE:  7:00, 12:00-18:00, 22:00
PJM: 1:00-5:00, 7:00, 13:00-16:00, 22:00

Prices in the October 19, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


-----Original Message-----
From: Stein, Neil [mailto:neil.stein@csfb.com]
Sent: Wednesday, July 25, 2001 8:09 AM
To: undisclosed-recipients
Subject: IPP Update: Analysis of Power Market Conditions
IndicatesSelling Was Overdone; Focus on CPN and MIR

Good Morning,

Attached, please find our latest update on the IPP sector, which includes an
analysis of recent power market conditions

 <<IPPupdate072501.pdf>>

1. Focus on CPN and MIR   On July 24, 2001, our IPP composite traded off 8%,
owing to heightened market concerns surrounding "soft" spot and forward
power prices.  We believe the weakness presents a buying opportunity across
the whole section and recommend that investors focus on our top 2 picks:
Calpine (CPN, Strong Buy) and Mirant (MIR, Buy).

2. Power Market Analysis   In this note we include an analysis of recent
power market conditions.  We conclude that power market conditions have been
more stable than is generally believed.  Further, if conditions had
worsened, the earnings impact would not be severe.  On that basis we believe
the sell-off across the sector was overdone.

3. Beware of National Power Indices!   In order to properly analyze recent
power price fluctuations, it is key to analyze the California market
separately.  Outside of California, spark spreads have actually increased by
2.7% on average since May in a number of key markets.  Within California,
there have been large declines in pricing and margins.  However, potential
returns on capital in that market remain well above anywhere else in the
country.

4. IPPs are not Call Options on Power Prices!   The bulk of the group has
contracted substantial portions of their output.  In particular, Calpine has
sold forward 90% of its output in 2001 and 80% in 2002

5. Current Valuations Reflect the Investor Uncertainties   2001 and 2002 P/E
multiples have compressed by more than 40% year to date

6. Buy on Weakness  To the extent earnings prospects remain intact, we view
the recent weakness as irrational.

Regards,

Neil Stein   212/325-4217
Bryan Sifert   212/325-3906

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


Dianne, further to our conversation this morning, this e-mail will confirm
the following:

1.  The current form of Master Physical Gas Agreement with Duke is an older
master which indicates that transactions must be confirmed in writing and
arguably provides that such confirms are not binding until executed by both
parties.  However, the EnronOnline Electronic Trading Agreement indicates
that, where a confirm is issued, it is deemed accepted unless objected to
within three business days.  There is no indication in the EOL Electronic
Trading Agreement how a conflict between the provisions of that agreement and
any master agreement will be resolved, but I think that for the purposes of
the EnronOnline transactions, we can rely on the terms of the Electronic
Trading Agreement and, if Duke has not objected to the terms set forth in the
EOL confirm within three business days, determine that such confirms are
valid and binding upon the counterparty.

2.  However, with respect to any physical gas transactions entered into with
Duke under the Master but not through EnronOnline, we still need them to
execute and return the confirm.

3.  Regarding financial deals entered into through EnronOnline and made
pursuant to the electronic form of GTC, the terms of the Electronic Trading
Agreement will govern and, unless Duke objects to the terms of the confirm
within three business days, the confirm is deemed to be valid and binding on
Duke.

4.  Notwithstanding the above, I think we should still try to maintain our
practice with other counterparties of obtaining executed confirms back from
such counterparties.

Mark, if you have any concerns with these conclusions, can you please let me
know at your earliest convenience.  Duke currently has approximately 350
outstanding confirms entered into with ECC through the facilities of
EnronOnline that they have not executed and returned and they have told us
that they are relying on the Electronic Trading Agreement as providing there
is no requirement to execute and return these confirms.

Thanks

Greg


---------------------- Forwarded by Steven J Kean/HOU/EES on 03/15/2000 04:52
PM ---------------------------

Richard Shapiro
12/16/98 05:30 PM
To: Steven J Kean/HOU/EES@EES
cc:
Subject: Fwd: Anti-motivational pictures.

---------------------- Forwarded by Richard Shapiro/HOU/EES on 12/16/98 05:30
PM ---------------------------

	Enron Energy Services

	From:  Sue Nord                           12/16/98 04:58 PM
	Phone No: 603 224-5942

To: Richard Shapiro/HOU/EES@EES
cc:
Subject: Fwd: Anti-motivational pictures.

I particularly recommend "mistakes" and "mediocrity."

---------------------- Forwarded by Sue Nord/HOU/EES on 12/16/98 04:47 PM
---------------------------

"Robert Shapiro" <rshapiro@rubinrudman.com> on 12/11/98 12:00:25 PM

To:	marty@aoainc.com, Sue Nord/HOU/EES, stierney@erginc.com,
peter_nelson@facing.org, amy.lederer@justice.usdoj.gov, klionsh@nu.com
cc:

Subject:	Fwd: Anti-motivational pictures.

I'm sorry to clog up your email in boxes, but I found the attached to be
pretty interesting.  However, some nagging questions remain:  Who are the
people creating these things?  How do they have the time to design and
compile this stuff?

Received: from brixton.chirondiag.com ([206.66.255.2]) by k-plaw.com
(GroupWise SMTP/MIME daemon 4.1 v3) ; Wed,  9 Dec 98 13:18:02 EST
Received: from mail-server.chirondiag.com (mail-server.chirondiag.com
[172.26.4.231]) by brixton.chirondiag.com (8.8.8+Sun/8.8.8) with ESMTP id
NAA26675; Wed, 9 Dec 1998 13:31:39 -0500 (EST)
Received: from cclink.chirondiag.com (MEDCCLINK1.chirondiag.com
[172.26.4.83]) by mail-server.chirondiag.com (8.8.8+Sun/8.8.8) with ESMTP id
NAA24874; Wed, 9 Dec 1998 13:24:38 -0500 (EST)
Received: from ccMail by cclink.chirondiag.com  (IMA Internet Exchange 3.11)
id 0005ADCD; Wed, 9 Dec 1998 13:24:36 -0500
Message-ID: <0005ADCD.C21246@chirondiag.com>
Date: Wed, 09 Dec 1998 13:23:37 -0500
From:  <Michael.Sampson@chirondiag.com>
To: kcalz@aol.com,scarrabba@aol.com, jbreslow@bigyellow.com,
Dana.Staub@chirondiag.com, James.Drummey@chirondiag.com,
Richard.Horlbeck@chirondiag.com, papagelG@execrisk.com,
tglowik@ivexpackaging.com, TMCENANEY@k-plaw.com, rfeilteau@kdecpa.com,
Alan_Osetek/KFS@kessler.com, Jason.Brown@nbc.com.at.cclink, kujae@pfizer.com,
fiste@psnsbsn.navy.mil, lawrence.cash@state.ma.us, Joe_giordano@tlp-llc.com,
michael_viane@warnerbros.com
Subject: Anti-motivational pictures.
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_C89F82A8.07660A7B"

>Some of these are really funny!
>
> You should all print thesee out on color lasers and frame them for your
bosses
secret santa gift! LOL

 - PROCRAST.gif
 - APATHY.gif
 - DEFEAT.gif
 - FAILURE.gif
 - FUTILITY.gif
 - INEPTITU.gif
 - LOSING.gif
 - MEDIOCRI.gif
 - MISTAKES.gif
 - PESSIMIS.gif
 - AGONY.gif


fyi

 -----Original Message-----
From: 	Shafer, John
Sent:	Tuesday, August 28, 2001 3:00 PM
To:	Campbell, Larry; Hackett, Terry
Cc:	Kendrick, William; Kilmer III, Robert; Soldano, Louis
Subject:	RE: Endangered Species Surveys, Red Rock Expansion
Importance:	High

Larry,
Please proceed with all haste on this.  How long to complete them and submit the findings (can't believe there would be anything turn up).  No endangered plants in any of those station yards - I trust?  The EPA is reaching here, but they have the big stick and we must work through this to get the air permit.  This is a lesson's learned for the upcoming Sun Devil project.  John

 -----Original Message-----
From: 	Campbell, Larry
Sent:	Monday, August 27, 2001 4:32 PM
To:	Hackett, Terry
Cc:	Shafer, John; Kendrick, William
Subject:	Re: Endangered Species Surveys, Red Rock Expansion

The issue arose when the EPA in San Francisco said they would not issue an air permit unless we had addressed all concerns relevant to the endangered species act, even on distsurbed lands at stations 3 and 4.  Even though we had received a verbal approval formt he Navajo Nation that endangered species would not be a concern by the Nation, the EPA felt otherwise.  This means that they wont give us a permit until we do a survey for plants and animals.  Because ENSR was on the list of contractors approved by the Navajo Nation, they were given the opportunity.  As you know, I have been working with Scott Patti on this and we have worked it through.  All that is left is to get the ENSR renewal permit application approved by the Nation and ENSR is off and running to do the surveys.  Terry, I know that you know all this, I just wanted to keep John and Bill in the loop on how things are progressing......

"Hackett, Terry" <THackett@ENSR.com> on 08/27/2001 11:18:31 AM
To:	"Larry Campbell (E-mail)" <Larry.Campbell@ENRON.com>
cc:	"Patti, Scott" <SPatti@ensr.com>

Subject:	Endangered Species Surveys, Red Rock Expansion

Larry,

I understand from Scott Patti that the EPA has thrown a monkey wrench into
the air permitting process for stations 3 and 4 and are now requesting
endangered species surveys.  For simplicity, we will add this as a new task
for the Red Rock Expansion project.  The FT. Collins folks are proceeding
based on your verbal go ahead, but to make our accountants happy, I will
have to get something written authorizing the additional work.  Scott is
estimating the task to cost approximately $7,000.  Since I am listed as the
project manager on paper, I will put together a brief letter and get it to
you this week.  However, please continue to directly coordinate with Scott
and he will keep me apprised of the status.

Thanks,

Terry.

Terry L. Hackett
Senior Project Manager
ENSR International
7041 Old Wake Forest Road, Suite 103
Raleigh, NC 27616-3013
(919) 872-6600 phone
(919) 872-7996 fax

**********************************************************************
The information contained in this communication is confidential and
privileged proprietary information intended only for the individual
or entity to whom it is addressed.  Any unauthorized use, distribution,
copying or disclosure of this communication is prohibited.
If you have received this communication in error, please contact the
sender immediately.

It is our policy that e-mails are intended for and should be used for
business purposes only.

This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

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www.ensr.com
postmaster@ensr.com
**********************************************************************

<Embedded Picture (Device Independent Bitmap)>


Kate, thanks for looking into it as always!   Harry Gaines's number at Sempra
is 203-355-5623
I could call either way, just let me know!
Thanks

   Kate Symes                04/03/2001 01:14 PM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: DEAL 567990.01

Leaf finished his shift at 6 a.m. today - he'll be back at 6 p.m. But I
talked to Bill Williams about it and he saw the trade in the Real Time log,
and said he remembers hearing Leaf do the trade with Sempra. If you have a
number for Harry at Sempra, I'd be glad to give him a call and figure this
out. Let me know.

Thanks,
Kate

Stephanie Piwetz   04/03/2001 10:47 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: DEAL 567990.01

Kate,
Deal 567990.01, trader at Sempra, does not show this trade.   Harry from the
backoffice called.
Please ask Leaf.

Thanks
Stephanie


This is really weird.  I do not know why I can't find your email with your
comments (I really think I saw them), unless it blew itself up (or operator
error on my part).  I will look for a hard copy.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 08:57
AM ---------------------------

"Scheib, Jacqueline Pennino" <jscheib@rc.com> on 11/17/2000 10:26:09 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>, "Jerry Leitman (E-mail)"
<jleitman@fce.com>, "Ross M. Levine (E-mail)" <rlevine@fce.com>
cc: "Sellay, William" <WSELLAY@RC.com>

Subject:

 <<jgtk01!.DOC>>  <<RED FUELCELL AGR.DOC>>
--------------------------------------------------
Jacqueline Pennino Scheib, Esq.
Robinson & Cole LLP
280 Trumbull Street
Hartford, CT  06103
(p) 860-275-8285
(f) 860-275-8299
jscheib@rc.com

 - jgtk01!.DOC
 - RED FUELCELL AGR.DOC


Vince,

Greetings.  I am forwarding to you the following research request from
three of my Business School colleagues.

Best,
Ehud

Dear Trustee of the Center for Energy Finance:

Three professors of the McCombs business school, Dr. Sirkka Jarvenpaa, Dr.
Emerson Tiller, and Dr. Kerem Tomak are conducting a research project in
alliance with the Center for Energy Finance on B2B online energy trading
systems.  All three researchers both conduct research and teach in the area
of electronic commerce (strategy & policy, economics, and technology).

They are seeking your help at this time.  They would like to interview an
executive in your firm who is in charge of managing or participating in an
online energy trading exchange. They are looking beyond the first-order
effects of B2B exchanges-- benefits of dramatically reduced costs, greater
access to buyers and sellres, and improved market liquidity -- to second
order effects (e.g., redesign of  broader firm processes, greater
innovation,  standardization, etc.) and broader organizational and
environmental drivers and barriers (institutional and regulatory
structures, associations, and alliances). This is a research project that
aims to accumulate insight into firm capabilities and environmental
complexities involved in B2B energy exchanges. At this time, they are
focusing on one industry, energy trading. They are conducting interviews
with owners and operators of proprietary exchanges as well as owners of
member-based exchanges in energy trading.

The researchers would like you to kindly pass this request for a 45 minute
phone interview to a person in your firm whom most closely deals with your
firm's strategy for B2B exchanges. We would like to conduct the interviews
during December and January.  The appropriate executive or his/her
assistant can directly contact Dr. Sirkka Jarvenpaa for scheduling the
interview.

Thank you so much for your assistance and support.

Email: Sirkka.Jarvenpaa@bus.utexas.edu
Phone: 512-471-1751
Mobile: 512-415-8570
Secretary: Glenda Lee,  512-232-6112, Glenda.Lee@bus.utexas.edu

==============================================
     Ehud I. Ronn
     Professor of Finance and Jack S. Josey Professor in Energy Studies
     Director, Center for Energy Finance Education and Research
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


Traveling to have a business meeting takes the fun out of the trip.
Especially if you have to prepare a presentation.  I would suggest holding
the business plan meetings here then take a trip without any formal business
meetings.  I would even try and get some honest opinions on whether a trip is
even desired or necessary.

As far as the business meetings, I think it would be more productive to try
and stimulate discussions across the different groups about what is working
and what is not.  Too often the presenter speaks and the others are quiet
just waiting for their turn.   The meetings might be better if held in a
round table discussion format.

My suggestion for where to go is Austin.  Play golf and rent a ski boat and
jet ski's.  Flying somewhere takes too much time.


Hi Tana.

Could you please forward a NDA for the possible sale of EnronOnline functionality to the following person?  The NDA would be similar to the one you did for Equiva and Louis Dreyfus.

The contact information is:

Mr. Roger Parks
JR Simplot Company
rwparks@simplot.com

Thank you.

Mike Bridges


Attached is the spreadsheet version of the template we discussed this morning.   I have added the additional columns everyone requested.   I would now like the business unit leads to fill in the blanks such that we have an initial Power Implementation Plan that can be delivered to Louise on Friday.

With respect to East Power (I am out Thursday and Friday), I am delegating to all of my desk heads the responsibility the following:
1) Have all of the forms attached spreadsheet forms complete
2) A product offering sheet is added to the template.

Fletch & Dana - Please take the lead on creating the product offering list (physical and financial).  My recommendation is we put products out through 03 for all regions (financial and physical).   Obviously, the physical products will be contingent on receiving a power marketing license.

Cory and Don Baughman - Please take a crack at identifying all of the transmission service agreements we need for the East (Christi has started a list already).

Please call me on my cell (713-856-3923) with any questions.

Kevin Presto
Vice President, East Power Trading
Phone:  713-853-5035
Cell:  713-854-3923
Fax:  713-646-8272


-----Original Message-----
From:  Bolton, Scott
Sent: Friday, June 08, 2001 1:50 PM
To: Kaufman, Paul
Cc: Nord, Sue; Landwehr, Susan
Subject: Re: Washington

Paul, your old friend Lew McMurran and I talked about this in Tacoma and I
would be happy to follow up.  He is with WSA which was formally the
Washington Software Alliance (now just 3 letters) that has both software and
other tech vendors in its membership.  I think we can put something together
without too much difficulty (of course if experience dictates otherwise,
please let me know).  I will also sniff around for some other organizations
that may be interested.

You would take back your clothes comment if you were around here today.....
I had to have my wife bring a pair of slacks to work because I forgot I had a
lunch w/ Erik Sten and wore casual Friday jeans (which are more casual than
my Monday dress jeans).

	Paul Kaufman/ENRON@enronXgate 06/07/01 02:29 PM 	   To: Scott Bolton/Enron
Communications@Enron Communications  cc: Susan M Landwehr/NA/Enron@Enron, Sue
Nord/NA/Enron@Enron  Subject: Washington

At one point last year we tried to unite the Washington high-tech community
on energy issues and were unable to do so.  Can you look into whether there
is a "Silicon Valley Manufacturer's Association" equivalent in Washington?  I
think they meet through a subset of AWB, but they may have their own group.
Maybe we can have sponsor a meeting on energy issues ....?  Maybe we can
speak at their annual meeting?  Maybe ....

Let me know your thoughts.  It seems to me that your'e the best one to look
into this ... you have the best clothes.


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The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude30.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas30.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil30.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded30.pdf

Nov WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clx-qox.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG30.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG30.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL30.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


Sounds good.  That is the type of language we were trying to express.  Do you mind if I send a copy to Peter Anderson?  Do you think it would be helpful if we all sat down together to discuss any further changes to the document?

Thanks for all your help.

 -----Original Message-----
From: 	Shackleton, Sara
Sent:	Tuesday, November 13, 2001 11:05 AM
To:	Su, Ellen; Shahi, Pushkar
Subject:	RE: SWAP Unwinding

How about changing the last sentence of Par. 8.1(b) to read as follows:

"The Parties shall designate Enron North America Corp. as the calculation agent for the purpose of determining Breakage Costs (such determination being final and binding on ECTRI, GSCI and the Parties) and Enron North America Corp. shall take into consideration the two Quotations and the Estimate and any other information that it in good faith deems relevant."

The above language would preserve each swap party obtaining a quote from an "Authorized Bank" [NOTE:  you need to amend the definition of to provide that ENA must have the ISDA with the bank and not ECTRI!] and properly authorize ENA to serve as calc agent [which you are].  There won't be other changes to the existing Sale and Purchase Agreement.

Let me know what you think.
Sara

 -----Original Message-----
From: 	Su, Ellen
Sent:	Tuesday, November 13, 2001 8:10 AM
To:	Shackleton, Sara
Subject:	FW: SWAP Unwinding

Sara--

The following message is in regard to Greenfield Shipping.

What is your opinion on this issue?  I will call you to discuss.

Ellen

 -----Original Message-----
From: 	Anderson, Peter N.
Sent:	Tuesday, November 13, 2001 6:07 AM
To:	Su, Ellen
Cc:	Wesner-Soong, Sarah; Rogers, Daniel R.
Subject:	FW: SWAP Unwinding

Ellen-
FYI.  Let's discuss today.
Regards

 -----Original Message-----
From: 	hiroyuki.nikaido@mail.mol.co.jp@ENRON
Sent:	Tuesday, November 13, 2001 5:40 AM
To:	Anderson, Peter N.; drogers2@ei.enron.com
Cc:	itoh@smbc-cm.com; hartley@smbc-cm.com; takeshi_okamoto@gb.smbcgroup.com; takashi.maruyama@mail.mol.co.jp; drb@jsm.com.hk; junji.sakuma@mail.mol.co.jp; Hisashi.Umemura@mol-finance.co.uk
Subject:	SWAP Unwinding

Peter,
Dan,

Please see our opinion about the procedure of Swap Cancellation
as below:

1.We appointed follwoing persons as our swap trader.

     Mr. Michael Hartley
     Ms. Yumi Ito

  of SMBC London

2.How to calculate Swap Breakage Cost

  We understnad the definition of "Reverse Transaction" in the
  Schedule One of the Contract means that banks (and ECTRI)
  calculate breakage cost with theoretical mean interest rate
  excluding any margin,(not with Libid)

Appreciate your confirmation

Regards
H.Nikaido


Louise

Here is the offending piece from the SFA.  As you will see, it is not a
binding piece of regulation, but merely a non-binding "Discussion Paper".  In
fact it is even less binding than "Consultation" documents (also non-binding)
which SFA put out following the discussion phase.

It does, however, provide some insight into how the SFA might regulate
systems in the future.

I get about one of these a day from SFA and must say I missed this one.  I
will ask our external counsel (Linklaters) to watch out for any SFA
publications which may be relevant to Enron Online going forward and to bring
them to our attention.  I suggest Justin and Edmund also stress this to any
other external English counsel who may be advising us on Online.

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 25/07/2000 19:54
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Marsh, Jonathan" <jonathan.marsh@linklaters.com>
     25/07/2000 19:18

To: "Paul Simons (E-mail)" <Paul.Simons@enron.com>
cc:

Subject: d02 (http://www.fsa.gov.uk/pubs/discussion/d02.pdf)

  Paul

I decided to email it after all.

Jonathan

 http://www.fsa.gov.uk/pubs/discussion/d02.pdf
 <<d02.url>>

____________________________________________________________

This message is confidential. It may also be privileged or
otherwise protected by work product immunity or other legal
rules. If you have received it by mistake please let us know
by reply and then delete it from your system; you should not
copy the message or disclose its contents to anyone.
____________________________________________________________

 - d02.url


-----Original Message-----
From: Collins, Joan
Sent: Wednesday, October 24, 2001 9:46 AM
To: Schwieger, Jim
Subject: FW: Texas Monthly November 2001: How Enron Blew It

I don't know if you've read this one.  It kind of made me sick, to be honest!!!!!
-----Original Message-----
From: Buehler, Craig
Sent: Wednesday, October 24, 2001 8:53 AM
To: Collins, Joan
Subject: Texas Monthly November 2001: How Enron Blew It

  <http://ste.clickability.com/ste.gif?151|5180|4170|989|989|989|2577025|N|2|>
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Charles Schwab & Co., Inc.

Midday Market View(TM) for Thursday, May 24, 2001
as of 1:00PM EDT
Information provided by Standard & Poor's

================================================================

U.S. INDICES
(1:00p.m. EDT)

----------------------------------
Market            Value     Change

DJIA          11,053.33    - 51.92
Nasdaq Comp.   2,239.85     - 3.63
S&P 500        1,282.16     - 6.89
----------------------------------
NYSE Advancing Issues        1,295
NYSE Declining Issues        1,608
NYSE Trading Volume        662 mln
NASDAQ Advancing Issues      1,676
NASDAQ Declining Issues      1,764
NASDAQ Trading Volume      943 mln

==================================

U.S. TREASURIES
----------------------------------
Value            Yield      Change

1-year bill       3.65%        n/a
5-year note       4.93%       unch
10-year note      5.40%     - 2/32
30-year bond      5.79%     - 5/32

The tables above look best when viewed in a fixed-width font,
such as "Courier."

================================================================

U.S. TRADING SUMMARY

The U.S. headline indexes have been hit with a variety of data
and events, but there has been little net change in the major
bourses as trading remains volatile. Senator James Jeffords
announced his defection from the Republican Party, but stated
that he would not disrupt President Bush's tax package. Some
investors had feared that Jeffords' defection would put the tax
package at risk. Meanwhile, economic data pointed to further
erosion in the labor market and suggested that the best
conditions in the housing sector may be in the past. But while
signs of economic weakness are not encouraging for the corporate
profit outlook, the news did buoy traders' optimism that the
Federal Reserve will further cut interest rates next month.
Overall, the host of conflicting factors has made it difficult
for stocks to find a direction.

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

U.S. TREASURY SUMMARY

The bond has continued to under-perform the other maturities as
traders buy shorter-term issues believing the Federal Reserve
will once again lower interest rates at its June meeting. Indeed,
financial contracts that are based on the expected policy actions
of the Fed at upcoming policy meetings are now indicating a 70%
probability that the Fed will ease interest rates another 25
basis points. The probability moved higher after the
weaker-than-expected home sales data and the
larger-than-anticipated rise in weekly initial jobless claims
seen this morning. Both data releases continued to show the
economy as weak and vulnerable to further erosion, something the
Fed has suggested it wishes to arrest as quickly as possible.

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

CURRENCY SUMMARY

The value of the U.S. dollar in relation to the yen and the euro
has changed little from morning levels as traders continue to
access Wednesday's sharp moves by both pairs. At midday, the
greenback was trading around 0.857 dollars per euro and at about
120.1 yen.

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

MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 1:05 p.m. EDT)

** Echostar (DISH: 33.15, - 0.88), the second-biggest U.S.
satellite broadcaster, is putting the finishing touches on a
merger proposal to acquire Hughes Electronics (GMH: 24.57, +
0.82), according to The Wall Street Journal. This would one-up
the long pending and sometimes contentious negotiations between
Hughes and Rupert Murdoch's Australia-based News Corp. (NWS:
36.37, - 0.86). If General Motors (GM: 56.29, + 1.11), the parent
and owner of 30% of Hughes Electronics, decides to entertain
Echostar's proposal, the merger would set the stage for a major
test at both the Federal Communications Commission and the
Justice Department over how each will deal with complex
telecommunications antitrust issues. A combined Echostar/Hughes
Electronics titan would dominate satellite broadcasting in the
U.S. with about 15 million subscribers.

** American Airlines (AMR: 37.94, - 0.61) announced on Thursday
that it has agreed to enter into binding arbitration with federal
mediators after talks with its flight attendants union broke
down. The current mediation board just declared that three days
of talks had come to a head and no further progress could be
made. The flight attendants union has agreed to call a crippling
strike if deemed necessary as the contract talks have been
ongoing for about two years without a settlement. While some
progress had been made in the latest negotiations, basic economic
issues such as minimum pay, salaries and life/health insurance
benefits remain sticking points.

** ConAgra (CAG: 20.01, - 0.60) announced on Thursday that it
will issue downwardly revised financial statements for the past
three years after an internal audit uncovered accounting
irregularities. The effect of the revisions will be to lower
earnings for 1998 through 2000. However, the current fiscal
year's earnings will be restated higher. ConAgra is the nation's
second-largest food producer and owns such brands as Healthy
Choice, Butterball and Armour.

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

RESEARCH SPOTLIGHTS

** A.G. Edwards upgraded shares of Franklin Resources (BEN:
44.85, - 0.15) from an accumulate to a buy rating.

** BMO Nesbitt Burns upgraded shares of Datamirror Corp. (DMCX:
3.87, - 0.13) from an underperformer to a market performer
rating.

** C.L. King upgraded shares of Elizabeth Arden (RDEN: 25.12, +
0.12) to a strong buy rating.

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