Vince -
That is not a problem.  We will not schedule you for a dinner.  Thanks for
your help with interviews!
Beth

Vince J Kaminski
05/31/2000 06:04 PM
To: Beth Miertschin/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: Super Saturday Interviews

Beth,

Please, let me know about Friday night. I want to know if I should
dress up for dinner. I am very busy and I would be glad to skip dinner
if you have  enough people to cover it.

Vince

	From:  Beth Miertschin                           05/31/2000 05:19 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Super Saturday Interviews

---------------------- Forwarded by Beth Miertschin/HOU/ECT on 05/31/2000
05:19 PM ---------------------------

	From:  Beth Miertschin                           05/31/2000 01:51 PM

To: Kevin Ruscitti/HOU/ECT@ECT, Tom Adams/HOU/EES@EES, Harold
Bertram/HOU/ECT@ECT, Ted C Bland/HOU/ECT@ECT, W Tom Byargeon/HOU/ECT@ECT,
Rogers Herndon/HOU/ECT@ect, Kevin McGowan/Corp/Enron@ENRON, Cindy
Skinner/HOU/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Greg Woulfe/HOU/ECT@ECT,
Matthew Arnold/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Elspeth
Inglis/Corp/Enron@Enron, Kim Melodick/HOU/ECT@ECT, Sheila Walton/HOU/ECT@ECT,
Janet R Dietrich/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Fran L
Mayes/HOU/ECT@ECT, Dave Hill/Corp/Enron@Enron, Brad McSherry/HOU/ECT@ECT,
Toni Graham/Corp/Enron@Enron, James A Ajello/HOU/ECT@ECT, Phillip K
Allen/HOU/ECT@ECT, Edward D Baughman/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Bob
Crane/HOU/ECT@ECT, David Oxley/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Daniel Reck/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Cedric
Burgher/Corp/Enron@ENRON
cc: Ginger B Gamble/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT
Subject: Super Saturday Interviews

Thank you for volunteering to interview this Super Saturday, June 3rd.  We
are working on the interview schedule and you will be receiving an interview
packet no later than Friday morning.  Please let us know as soon as possible
if you have any conflicts and will not be able to participate.

We appreciate your support of the Associate/Analyst Program.

Beth Miertschin


I like the idea, particularly if we can time any decision to turn the
customers back so it falls after the failure to get some action out of Sacto
(instead of after our earnings release).

The only problem I see is that we would need a decision from the top that
we're not going to turn the customers back if we get direct access (so we can
end the debate).  I don't think it helps us if we get lucky, get direct
access back, then make a decision to return customers to the utility.

Karen Denne@ENRON
04/13/2001 10:30 AM
To: James D Steffes/NA/Enron@Enron
cc: Jeff Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Susan J
Mara/NA/Enron@ENRON, Peggy Mahoney/HOU/EES@EES, Harry
Kingerski/NA/Enron@Enron, Dan Leff/HOU/EES@EES
Subject: Re: CONFIDENTIAL - Residential in CA

Before any decision is made, I think we really need to weigh in with EES on
the ramifications (both PR and legislative) of turning back 16,000
residential customers.  I strongly believe that the public hit we will take
will be far greater than our actual out-of-pocket losses.  We will be
crucified by the public, media, consumer groups, legislators, governor,
attorney general, etc.,  and this action will reaffirm our reputation of
packing up and leaving when it's not in our interest.  The impact of this
action would be exacerbated since it is on the heels of UC/CSU.

I would also argue that this hurts our national dereg efforts.  If we're
advocating that competition and choice benefits consumers and then we turn
around and pull out of a market and abandon customers when we're not
"profiting," we'll kill any chances we have of ever serving retail customers
in California -- or in any other state.  We look foolish advocating for
direct access when we're not willing to serve our existing -- let alone
future customers

What about a preemptive strike that engages these 16,000 customers to weigh
in on direct access -- i.e. a letter that says "Enron may be forced to cancel
its contract -- call/write/send the enclosed postcard to your legislator and
tell them you want to keep your right to choose your energy service provider."

Our credibility is on the line.  Before we take this action, we need to be
cognizant of all the long-range strategic implications, and we need to
seriously weigh the negative impact this will have on our corporate
reputation, on our legislative abilities and on our commercial success going
forward.

kd

James D Steffes
04/12/2001 09:05 PM
To: Jeff Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Susan J Mara/NA/Enron, Peggy Mahoney/HOU/EES@EES,
Harry Kingerski/NA/Enron@Enron
cc: Dan Leff/HOU/EES@EES

Subject: CONFIDENTIAL - Residential in CA

In the meeting today, no decision was made about what to do with Enron's
16,000 residential customers.   Each of the contracts gives a basic 30 day
out right to Enron.

That being said, I think that we have a short window to push for DA before
any public action impacts us in Sacramento.

I realize that the ultimate action (which I think is inevitable) makes it
harder for our advocacy on DA, but real $ are flowing out of the company.

EES will give us notice when a decision is reached.

Thanks,

Jim


Attached is a copy of the press release describing the gas rule.

I've heard through the grapevine that pipelines (not GPG) are already
complaining that there
is  "nothing in it for pipelines."   I think we should be cautious about
being so critical before we have even seen
the rule itself.  After all, many of the items in the rule are there at the
pipelines request (seasonal & term-differentiated rates).

I hope to be able to send out a summary on Friday.


Lance,

I could not open the attachment.
I concur with Vasant. We always face a challenge with summer interns: we don't want
to expose them to too much information. We typically look for a self-contained project
and limit intern's access to additional information.

Vince

From:	Vasant Shanbhogue/ENRON@enronXgate on 05/04/2001 08:11 AM
To:	Lance Cunningham/NA/Enron@ENRON
cc:	Vince J Kaminski/HOU/ECT@ECT
Subject:	RE: Potential Candidate, Summer Intern

Hi Lance,

	he looks very good.  How would you plan on using him?  My only concern about using a summer intern would be that I would not want him to learn all about Enron's operations in power trading and then go work somewhere else.  But if you think we can use him in a more generic manner where you give him specialized projects and you yourself deal directly with the traders, then that may be a possibility.  If you agree, let us check with Vince and then interview him.

Vasant

 -----Original Message-----
From: 	Cunningham, Lance
Sent:	Thursday, May 03, 2001 2:35 PM
To:	Shanbhogue, Vasant
Cc:	Lin, Martin
Subject:	Potential Candidate, Summer Intern

Vasant,

Attached is a resume for a candidate that might serve temporarily through the summer.  Maybe this could be a stop gap measure until we can locate a full time person.  I would anticipate him working as a summer intern.

Lance
---------------------- Forwarded by Lance Cunningham/NA/Enron on 05/03/2001 02:31 PM ---------------------------

"Youseok Son" <ysson@mail.utexas.edu> on 05/03/2001 02:09:58 PM
To:	<Lance.cunningham@enron.com>
cc:

Subject:	My resume (attached) -ignore previous one

Hi!
   Thank you very much for your help.
Here is my resume.
Please let me know what should I do next as soon as possible.
Becasue I have several interview plans with other companies.
But I would like to work at Enron most.
So if I can get the job at Enron, I don't want to
hang around others.

Thank you again.

Youseok Son
Energy Systems, ECE
University of Texas, Austin
Email : ysson@mail.utexas.edu
Tel. : 512-471-4606

 - myResume.doc << File: myResume.doc >>

<Embedded Picture (Device Independent Bitmap)>


Goodmorning ,

We need another 9 inch T.V.
I am sorry to say but we need it
as quickly as possible.
The location for the set is EB31301C.

Delores , you may have to install cable ,
I am not sure, so would you please check
for me.

Company # 0011
R.C. #  100038

                            Thanks
                          Kevin Moore


Ken Lay, Steve Kean, Rick Shapiro & Jim Steffes will be traveling to
California to attend a meeting to discuss California energy issues.  This
meeting will be taking place on Saturday, January 13 at 12:30 PST.  A
conference call will take place on Sunday, January 14 to review what was
discussed in the meeting.  The conf. call information will be as follows:

Date:  Sunday, January 14

Time:  10:00am (CST)

Number: 1-800-998-2462 (domestic)
  passcode  4916140  (Rick Shapiro will be the host of this call)

  703-736-7230 (int'l #)
  passcode   4916140

Please feel free to forward this information to others you feel should
participate.

gngr
713-853-7751


As some of you might already have heard, I will move to Enron Corp.
Government Affairs on April 30.  My primary responsibility will be to advise
the power traders on regulatory and other matters.  While it will be
difficult to leave, I know this is a good opportunity for me.  Thank all of
you for your encouragement, advice and support; this is a great group and I
will miss working with you.


FYI

 -----Original Message-----
From: 	"Josh Nussbaum" <joshn@induslogic.com>@ENRON
Sent:	Monday, October 29, 2001 10:09 AM
To:	Derrick Jr., James
Subject:	Regarding Development Work

James,

I am contacting you with a unique offer that will help Enron Corp. reduce
IT/software development and maintenance costs by up to 80% of what your
paying today.  I hope you are the right point of contact as I am writing to
a number of people at your organization in a variety of roles.

We have a large team of the best developers in India, the majority of who
were originally computer science graduates out of the Indian Institute of
Technology (India's premier technology university). These engineers are
experts in both commercial and application software development with
experience implementing industry standard methodologies. We provide
unbeatable rates on quality engineers with a proven track record of success
in J2EE, XML, SOAP and Web Services.

Our rates start at $6/hr for offshore and $19/hr for onsite. We are
committed to 100% satisfaction and guarantee completely the quality of our
work.  There is no catch and there is no risk.

If you do not believe you are the right person to consider this proposal, I
would appreciate it if you could forward it to the appropriate
person/people, as I am certain they will find this offer very attractive.
If you'd prefer not to be considered for this, please let me know.

Again, thank you James, I appreciate your help. If you have any specific
questions, please don't hesitate to call me.

Josh Nussbaum
Induslogic Inc.
Phone: 703-516-4200 x20
Email: josh@induslogic.com


She did teach me to answer SOMEONE'S questions, but I don't even know who
SOMEONES is! She also taught me to embrace my rudeness.

K

	Enron Capital & Trade Resources Corp.

	From:  Mark Guzman                           01/30/2001 03:44 PM

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

Subject: Re: beer?

Didn't your mother teach you that it was rude to not answer someones
questions?


Matt,

 Good report.  I am concerned about this expert's conclusions, the most
troubling of which is that our putting the ship on notice of the end use of
the cargo would have been of so little importance.  That is probably our
strongest point.  I also share your concern about his lack of experience as a
witness in an arbitration.  We need an expert who is well respected by U.K.
arbitrators and their tribunals.  I will likewise try to get other names.

 Meanwhile, I question whether we should ask Capt Sawant to put anything in
writing concerning how to beef up his second report until we talk further.  I
am concerned that anything he puts in writing may be discoverable in a U.K.
arbitration proceeding if we use him as an expert and/or if he has any
otherwise discoverable factual information.  Would you mind passing this
concern by WFW for its comment?  I am assuming that the WFW counsel with whom
you are speaking are experienced maritime arbitration counsel.

 Thank you for keeping us advised.  Deborah, please print this out (including
the attachment) for the file.

       Britt Davis

	Matthias Lee@ECT
	07/25/2000 05:37 AM

		 To: Matthias Lee/SIN/ECT@ECT
		 cc: Britt Davis/Corp/Enron@ENRON, Alan Aronowitz/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Deborah Shahmoradi/NA/Enron@Enron, Brenda
McAfee/Corp/Enron@ENRON, Michael A Robison/HOU/ECT@ECT, Angeline
Poon/SIN/ECT@ECT
		 Subject: Re: PACIFIC VIRGO

Attached is the Memo of the meeting prepared by WFW. Although Capt Sawant is
very knowledgeable, he has never been an expert witness in an Arbitration. I
will be discussing with WFW about alternative experts.

Regards
Matt

Matthias Lee
07/25/2000 03:30 PM
To: Britt Davis/Corp/Enron@ENRON
cc: Alan Aronowitz/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Deborah
Shahmoradi/NA/Enron@Enron, Brenda McAfee/Corp/Enron@ENRON, Michael A
Robison/HOU/ECT@ECT, Angeline Poon/SIN/ECT@ECT (bcc: Matthias Lee/SIN/ECT)

Subject: Re: PACIFIC VIRGO

Team

Just a brief update.

We are presently trying to consolidate all existing samples in singapore for
joint testing and analysis. We are facing some difficulty with the Batangas
samples because SGS Philippines has advised that they cannot airfreight the
samples without using IATA containers and that would involve breaking the
seals. Eric is examining our options to transport the samples to Singapore
and will be seeking the input of Cliff Bennett (Minton Treharne). One
possibility may be to transport by sea, but I understand that will take 5
days voyage but vessels between Philippines and Singapore are infrequent.

Meanwhile, I have been in contact with external counsel Watson Farley &
Williams (WFW) to finalise our legal position. WFW attended at our office and
interviewed with Capt. Sawant of PacMarine. WFW is preparing the memo of the
meeting which I will distribute when received.

FYI - the broker confirmed yesterday that Mitsubishi Corporation is the time
charterer of the vessel.

Regards
Matt


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FYI---  I changed the meter point on deal 589257 Duke F.S. from 18002800 to
meter 20606100 effective 1st.

Thanks,
Mark


-----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Ken Lay- Chairman of the Board@ENRON
Sent:	Wednesday, October 24, 2001 3:50 PM
To:	All Enron Worldwide@ENRON
Subject:	Jeff McMahon Named CFO

Today we announced the appointment of Jeff McMahon as Enron's chief financial officer.  In my continued discussions with the financial community yesterday and today, it became clear that this move was required to restore investor confidence.  Jeff has unparalleled qualifications and a deep and thorough understanding of Enron.  He is already on the job and hard at work on the issues before us.  Andy Fastow will be on a leave of absence from the company.

Jeff had been serving as chairman and CEO of Enron Industrial Markets. He joined Enron in 1994 and spent three years in the London office as chief financial officer for Enron's European operations.  Upon returning to the U.S., Jeff was executive vice president of finance and treasurer for Enron Corp.  In 2000, he was named president and chief operating officer of Enron Net Works.

I know all of you are concerned about the continuing decline in our share price.  I am too, and we are working very hard to turn it around.  Appointing Jeff as CFO is one important step in that process.  But most of the solution involves just continuing to do our jobs with excellence.  The fundamentals of our business are strong, and I think the market will begin to see that as we continue to perform.

Please join me in giving Jeff your full support, and thank you for all of your continued hard work.


obeisance (o-BAY-sans, o-BEE-) noun

   1. A movement of the body expressing deep respect or deferential courtesy,
      as before a superior; a bow, curtsy, or other similar gesture.

   2. Deference or homage.

[Middle English obeisaunce, from Old French obeissance, from obeissant,
present participle of obeir, to obey.]

   "I was always glad to be relieved from my duty, and went straight to the
   bedroom after doing obeisance to my father."
   M.K. Gandhi, The Story of My Experiments With Truth, 1927.

Five or seven messages in a week? That was a close poll. We received 4112
votes for five compared to 4049 for seven. This is your list and accordingly,
beginning with next week AWAD will go out five days a week.

Thanks to everyone for taking the time to voice your opinion. Your love and
concern shows--a good number of people sent their votes for five to indicate
that we, the people at Wordsmith, should take some time off.

Here are some selections from the comments that came with the ballots.
(Ballot, from Italian ballotta, a small ball used to register a vote.
So for this poll, maybe I should call these emailots).          -Anu

   If you go to five, you'll have to change the name of this valuable
   mailing to FWAW. Scott Murphree-Roberts

   I'd vote with the Beatles - eight days a week! Please don't stop AWAD at
   weekends! Barbara Cooper, Rome, Italy

   With so many words to learn, we need at least seven days a week.
   Helen Slade

   Oh, Like I'd Just Stop BREATHING on Weekends?
   More work for you, more fun for me. Seems like a no-brainer to me!
   Thanks for the great service! Hampton G. Miller

   In the Middle East, Thursday and Friday are the weekend. Here in New
   Zealand, our Monday is your (North American) Sunday. The "weekend"
   therefore stretches from Thursday to Monday. Seen from a global
   perspective (which is the only reasonable view to take on a language as
   ubiquitous as English) the issue is therefore meaningless. Regards,
   Philip Gould

   I like 7. I enjoy the email, and use it to verify that my email is up and
   running. Audrey Calvo

   If, like the gallant little tailor, you're up to seven at a blow, so am I!
   Heartfelt thanks for 'A word a day' and AWADtalk -- the highlights of my
   day! Cheers, Paulb

   Take a break on weekends! Give me time to absorb all the wonderful new
   words you have sent during the week! Maddytg

   Take the weekend off. Although I will miss the extra two entries, I'd
   rather see you conserve your efforts. I would hate to see this wonderful
   service burn out because of fatigue. Jane Dinielli

   Have weekends free. I think AWAD is great, but I also think you deserve
   time off. I hope enough others agree! Art Funkhouser, Bern, Switzerland

   I say take a break but I really love your programme - even if it does
   spell the American way, eh? Rod Dawson, Canada

   I love wordsmith. I feel smarter, look smarter. But I want to be dumb on
   weekends and find that I don't pay attention as much. Please don't think
   that we don't love you as much as ever just because we want slightly less
   of you. Janice Heilmann

This week's theme: words from Gandhi's autobiography.

.............................................................................
The Lord prefers common-looking people. That is the reason He makes so many
of them. -Abraham Lincoln, 16th president of the U.S. (1809-1865)

Q: Can I make a link from my Web site to the AWAD site?
A: Certainly. You may use this HTML:

Pronunciation:
http://wordsmith.org/words/obeisance.wav
http://wordsmith.org/words/obeisance.ram


Approved.  Please note that Co. # should be 0342 for Misc. Expense on
Todd032400LondonSAP expense report.
Thanks,
Sally Beck
---------------------- Forwarded by Sally Beck/HOU/ECT on 03/28/2000 03:03 PM
---------------------------

	Enron North America Corp.

	From:  Lynn Tippery                           03/24/2000 04:25 PM

To: Sally.Beck@enron.com
cc: Patti Thompson/HOU/ECT@ECT, D.Todd.Hall@enron.com@ECT
Subject: Todd Halls Exp Rpts

Hi Sally,
Would you please approve and forward to Expense Report stating your approval.

Patti has the orginal hard copies if you want to review them.  I thought
emailing this to accounting
might get it processed quicker.
Thank you
Lynn


yes 713 646-2308  Thanks Michael.  Tana I give to you

	Michael Slade
	11/02/2000 04:14 AM

To: Bob Shults/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Re: GFI Non disclosure

I have a copy now - would you like it faxed?
Mike

To: Michael Slade/LON/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT

Subject: Re: GFI Non disclosure

Do you know the status on this?

Michael Slade
10/31/2000 09:49 AM
To: Bob Shults/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT
Subject: Re: GFI Non disclosure

Hello Bob
Yes that's right - although it should all be done now, although I had a call
saying they hadn't received the doc , although I did courier it round.
Unfortunately I am having to work from home today because of flooding in
south of England - so I can't check the file - but will do so as soon as I
get back to the office
Michael

To: michael.slade@enron.com
cc: Tana Jones/HOU/ECT@ECT

Subject: GFI Non disclosure

I am working with Andy Zipper on the Broker Client application.  I talked to
Colin Hefron at GFI and his attorney is apparently working with you on the
Non Disclosure Agreement.  Please let me know the status so that I can move
forward on discussions with GFI.  My number is 713 853-0397.


We are there!! Who else is going?

--
================================================
Matt Hsu
Interwoven
Technical Account Manager, Northwest Region

503.515.7110 cell
360.258.0616 desk
360.258.0615 fax
matt.hsu@interwoven.com

Moving Business to the web.
Visit http://www.interwoven.com
================================================

"Leslie, Marc" wrote:

> Beavers make plans to invade Arizona
>      Associated Press
>
>      TEMPE, Ariz. -- Oregon State capped its remarkable emergence from more
> than a
>      quarter-century of football ineptitude by accepting an invitation to
> play Notre Dame in the Jan. 1
>      Fiesta Bowl.
>
>      The Beavers were the top choice of the Fiesta Bowl selection committee
> because they were "a
>      conference co-champion, a 10-win team and an incredible turnaround
> story that somewhat mirrors
>      what Kansas State has done," Fiesta Bowl president John Junker said.
>
>      "For us to come here from where we were three years go, to go 10-1, and
> being in the Fiesta
>      Bowl against Notre Dame is a great story," Oregon State coach Dennis
> Erickson said Sunday.
>
>      As Oregon State's opponent, Virginia Tech had a higher ranking and
> better record, but the Fiesta
>      could not resist the Irish (9-2) and their huge nationwide following,
> even though Notre Dame was
>      ranked only 11th in the final Bowl Championship Series standings.
> Oregon State is sixth.
>
>      It will be a matchup of teams that weren't even in the top 25 in the
> preseason.
>
>      "I don't think any of us in our wildest imagination would have thought
> this would have been the
>      matchup," Junker said.
>
>      Notre Dame won its last seven games to become bowl eligible at 9-2.
>
>      The Fiesta considered Miami but decided the Notre Dame-Oregon State
> matchup was more
>      intriguing, and that the Hurricanes were a better fit against Florida
> in the Sugar Bowl.
>
>      Fiesta Bowl officials maintained that comments last week by Pac-10
> commissioner Tom Hansen
>      had no impact on their decision. He suggested the conference should
> pull out of the BCS if
>      Oregon State was left out of the Fiesta Bowl.
>
>      "We selected Oregon State because they deserved it and won it on the
> field of battle," Junker
>      said.
>
>      The Fiesta Bowl normally gives an automatic berth to the Big 12
> champion, but it had two at-large
>      picks this year because Oklahoma will play Florida State for the
> national championship in the
>      Orange Bowl.
>
>      Oregon State set an NCAA record for futility with 28 consecutive losing
> seasons, a streak broken
>      when the Beavers went 6-5 last year in Erickson's first season and lost
> to Hawaii in the Oahu
>      Bowl.
>
>      This year, Oregon State tied Washington and Oregon for the Pac-10
> title, their first since 1964.
>      That team, coached by Tommy Prothro, lost to Michigan in the Rose Bowl.
> A 35-year bowl
>      drought followed.
>
>      Notre Dame, by contrast, is a regular at major bowls. Its last
> appearance in one of the big-four
>      bowls was in 1996, the Orange Bowl. But this Irish team was not
> expected to get this far,
>      especially after a 2-2 start. There was widespread speculation then
> that coach Bob Davie would
>      be out of a job when the season ended.
>
>      Davie did not want to talk about vindication.
>
>      "I think so much attention is always placed on the head coach, and I'm
> sure Dennis would agree
>      with me. This isn't about us. This is about our football players and
> our assistant coaches who put
>      so much into this.
>
>      "That was a little bit overrated before the season and it's a little
> bit overrated now. This certainly
>      isn't about me."
>
>      Each team will receive $12 million to $13 million. Oregon State will
> split the money with the rest
>      of the Pac-10, but Notre Dame, as an independent, keeps it all. No
> wonder Davie was so anxious
>      as he watched the Oklahoma-Kansas State game, knowing that a K-State
> victory could have sent
>      Notre Dame to a much lesser holiday payday.
>
>      "It was brutal," he said. "As good as Oklahoma is, and as well coached
> as they are, I almost
>      went crazy when it was fourth-and-1 and they were in that shotgun for
> that draw, but they know
>      what they're doing. It was painful watching that game."
>
>      Junker said Oregon State officials have promised 30,000 or more fans
> will come to the desert from
>      the Northwest for the game. Add to that Notre Dame's unparalleled
> national following, and the
>      Fiesta already has been declared a sellout. Each school will receive
> 15,000 tickets.
>
>      Beaver players like the idea of playing Notre Dame.
>
>      "I didn't like them growing up," running back Ken Simonton said. "I
> don't like 'America's teams.' I
>      don't like everybody's favorite. I was always an underdog."
>
> Marc
> *(303)401-7054
> *mleslie@amgen.com


No.  The GP contribution is enough.  I don't want to go to Jeff for another
$2 million.

From: Rod Hayslett/ENRON@enronXgate on 04/27/2001 06:37 AM
To: Stanley Horton/Corp/Enron@Enron
cc:

Subject: FW: NBP Unit Offering

It looks like our GP contribution will be about $2.5 MM.    Do you still want
to get another $2 MM on top of that?    The second part of his message is the
potential NB unit TOtal Return Swap, or monetization that we have been
working on.

 -----Original Message-----
From:  Peters, Jerry
Sent: Thursday, April 26, 2001 9:20 AM
To: Hayslett, Rod
Cc: Jesse, John
Subject: NBP Unit Offering

I did get your voice mail on the potential placement of $2 million in units
with Enron and we're working that into things.  Our attorneys commented that
the legal fees to accomplish that (when we have a public offering going on)
may "chew up" the benefits.  But that is their normal reaction - I don't
think there will be any problem in accomplishing the placement.  Most likely
it will need to be priced simultaneously with the offering to avoid any
perceived "insider" pricing benefit.  But - do you think that will cause
problems internally on the DASH?  The GP contribution will be about $2.5
million.  My concern is RAC will require the $2.5 million GP investment to be
combined with the $2 million in LP units, which I believe will trigger
Skilling's sign-off.

On the FAS 125 idea, we have a structure that has been proposed by SunTrust
that I need to review with you and someone in EGF.  I was planning on setting
that up after our road show is completed on about 5-17, unless that needs to
be accomplished sooner.  Let me know about timing and who you think should be
involved (I was going to raise this with Ben Glisan in the next few weeks at
his staff meeting).


I believe I sent this to you earlier.  Pankaj is a Harvard Bus School professor who sits on our advisory council.  He is putting together a program (in Barcelona, I believe) and would like an Enron executive to present.  I said I would try to find someone from Enron Europe and gave him your name.  Would you mind getting in touch with Pankaj?

-----Original Message-----
From: Pankaj Ghemawat [mailto:pghemawat@hbs.edu]
Sent: Saturday, September 29, 2001 2:42 AM
To: Kean, Steven J.
Subject:

Steve,

Any luck finding anybody from Enron to come and talk on October 18 at the
HBS/IESE executive program I mentioned to you?  Thanks for your help.

Pankaj
Pankaj Ghemawat
Tiampo Professor of Business Administration
Morgan 227
Harvard Business School
Soldiers Field
Boston MA 02163, USA

Tel: 617-495-6270
Fax: 617-495-0355


thanks a bunch.  just got it.  really appreciate it.  yes, thinking about
going on saturday.  and we s.f. folks are getting together for (yet another)
review on Sunday from 10 am to noon at my office.  you're welcome to come.


Attached are the revised drafts.

Please note the following:

1.  I revised the FERC language but haven't yet talked to Drew about this
concept.  He is in Houston somewhere and I have a call in to him.

2.  The Equivalent HP concept was removed.  Thus a Force Majeure or Utility
interruption event will interuppt the Compression Services Charge.

3.  Please review the unwind language carefully in the Conversion Agreement.

4.  I added an arbitration provision.  This is standard in ENA or affiliate
contracts.

The O&M form will follow shortly.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/20/2001
11:59 AM ---------------------------

	From:  Phillip K Allen                           02/15/2001 01:13 PM

To: stagecoachmama@hotmail.com
cc:
Subject:

Lucy,

Thanks for clearing up the 2/2 file.  Moving on to 2/9, here are some
questions:

#1 It looks like he just missed 1/26&2/9 of $110.  I can't tell if he still
owes $47 on his deposit.

#13 I show she missed rent on 1/26 and still owes $140.

#15 Try and follow up with Tomas about the $95.  Hopefully, he won't have a
bad reaction.

#20b Missed rent?

#26  Has she paid any deposit or rent?

#27 Missed rent?


Russell,

These are all of our book names:

GD-NEW
GD-NEWJR
FT-WEST
FT-NORTHWEST
MGMT-WEST
WEST-NW
WEST-SW
WEST-PERM
WEST-SJ

For Basis, add  -BAS to the end of the book name.  For Gas Daily, add  -GDL
to the end of the book name.  Call me if you have any questions.

DG    3-9573


Columbia River Basin and Lower Snake.....Updated:   Mar  19, 2002 at 10:23


John,

The following is the markets for the cities you requested.  Contract size is 500 USD Notional and Limits of 100,000 USD.  Let me know if there is anything else I can help you iwith.

Regards,
Michael


who are they?

-----Original Message-----
From: Oxley, David
Sent: Wednesday, October 17, 2001 2:39 PM
To: Cash, Michelle
Subject: RE:

ok. Can you articulate this to SK and PB.
-----Original Message-----
From: Cash, Michelle
Sent: Wednesday, October 17, 2001 12:45 PM
To: Oxley, David
Subject: RE:

I know, but that doesn't change the fact that we should articulate the standards that we are using -- I know that they use some criteria that are based on solid business reasons, so let's capture them!  That way, we at least can explain why we did things.  Michelle

-----Original Message-----
From: Oxley, David
Sent: Wednesday, October 17, 2001 9:13 AM
To: Cash, Michelle
Subject: RE:

Agreed. But this is what we did last year.
-----Original Message-----
From: Cash, Michelle
Sent: Tuesday, October 16, 2001 10:33 PM
To: Oxley, David
Subject: RE:

I like that there is some sort of formal process based on peer group.

I also like that they have made a decision to have ranking in the commercial groups.  It looks like they are being ranked to measure performance, not for compensation.  If so, then it would be nice for there to be some rough correlation to compensation.  If not, then what are the criteria for determining the bonus amounts?  If it is P&L and some other components, then let's specify what they are.  My biggest concern with all of this flexibility is that decisions will appear arbitrary with no clear basis for distinguishing between persons at the top of the bonus range and persons in the bottom.

On non-commercial, will there be a further breakdown within the 80?  If so, will those correlate to bonus amounts?  If not, same question as above.

I understand that market forces may drive many of these bonus decisions.  If so, then I believe that we simply should articulate them and be prepared to explain the bases for bonus payment amounts.

Promotion process looks good.

Assistants and clerks looks good, although it looks like OOC will decide bonus amounts.  If this is a fixed amount based on the rating, then that is ok.  Otherwise, if they are not pretty standardized, the same issues arise as above.  I

I expect that the same kinds of questions will arise for all business unit plans.

Hope this helps.  Let me know if you want to discuss or would like to talk through pay criteria.

Michelle

-----Original Message-----
From: Oxley, David
Sent: Tue 10/16/2001 4:35 PM
To: Knudsen, Sheila A.; Joyce, Mary; Jones, Robert W.- HR Exec
Cc: Cash, Michelle
Subject: FW:

What d'ya think?
 -----Original Message-----
From:   Lavorato, John
Sent:   Tuesday, October 16, 2001 2:40 PM
To:     Oxley, David
Subject:        FW:

 -----Original Message-----
From:   Kitchen, Louise
Sent:   Tuesday, October 16, 2001 2:38 PM
To:     Lavorato, John
Subject:        RE:

Same thing just prettier and with more details.  Suggest we send to HR for them to implement.

<<PRCprocess.xls>>

 -----Original Message-----
From:   Lavorato, John
Sent:   Tuesday, October 16, 2001 1:17 PM
To:     Kitchen, Louise
Subject:

Here is our plan on PRC.

Assistants:

Ranked 1,2,3 by supervisors - pay determined by Me and Louise.  No meetings.

Non Commercial but in North America:

Traditional ranking with the correct people addending the meetings.  Pay grid determined by OOC.

Analysts and Associates

Ranked as per Billy Lemmons %'s and then pay grid determined by OOC
I would like to see 25% - 65% - 10%.  Billy disagrees.  This would provide for a quick meeting rather than trying to split them into 4 groups with the top one excluding some awesome people.

Managers/Directors

Ranked from 1 to 100 in as many clusters as the groups see fit.  We are going to combine managers and directors into one table.  The ranking is based on this years performance is directly related to pay.  We will have two meetingss - one for traders and one for other commercial staff (orig/finance/etc).  We will not have a pay prc but will take the results of the rankings and work with individual leaders after the meetings to ensure the appropriate compensation.

We will also determine promotions during this meeting using different criteria.

VP's

We will rank all our VP's from 1 to 100 with a group of selected people - some VP's and some MD's.
This too will be directly related to pay.

Cheers as you Brits say


Yes,  This looks to be a separate deal and mine was only a spot deal.

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Thursday, July 19, 2001 12:11 PM
To:	Nemec, Gerald
Subject:	FW: Credo Petroleum - MP

 See below. Should I proceed with this?

 -----Original Message-----
From: 	Johnson, Rudwell
Sent:	Wednesday, July 18, 2001 1:15 PM
To:	Perlingiere, Debra; Dickson, Stacy E.
Cc:	Reitmeyer, Jay
Subject:	Credo Petroleum - MP

Attached is a credit worksheet for the listed counterparty.  Kindly prepare a draft Enfolio Master Physical and forward to named contact.

 << File: Credo Petroleum Corp..xls >>

Thanks
Rudwell.
x5-3596.


The AT&T cell phone representative is here this morning at 10:00am in Mt. Hood.  If you need to ask questions or set a cellular service up please come see her.  She is NOT delivering phones OR new phone numbers today.  The phones I believe will be shipped out by FedEx.

Thanks,
Jill


I'm sorry.  Where did you run off too?

-----Original Message-----
From: Frank Telemaque [mailto:Frank_Telemaque@flexitallic.com]
Sent: Thursday, November 15, 2001 9:02 AM
To: Davis, Dana
Subject: RE:

WHAT,S UP BABY REPLY OR CALL ME.

-----Original Message-----
From: Davis, Dana [ <mailto:Dana.Davis@ENRON.com>]
Sent: Wednesday, November 14, 2001 9:49 AM
To: frank_telemaque@flexitallic.com
Subject:

Good Morning.  Either you're extremely busy or ......????  Ummmmm.

**********************************************************************
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.

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

INSIST UPON GENUINE FLEXITALLIC GASKETS!
Anything else is just a copy.


----- Forwarded by Steven J Kean/NA/Enron on 11/16/2000 06:20 PM -----

	"Lynn Coldwater" <lcoldwater-slx@xcert.com>
	11/16/2000 01:02 PM

		 To: <skean@enron.com>
		 cc:
		 Subject: Xcert secures your data in real time

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Appreciate your efforts.

Thanks, Karen.

 -----Original Message-----
From: 	Forney, John M.
Sent:	Tuesday, October 23, 2001 6:22 AM
To:	Buckley, Karen
Subject:	RE: Trading Track Interviews

Karen,
I have spoken with Adrianne yesterday concerning the status of this process.    At that time,   I had left messages with all three candidates,  but was unable to reach them.
Late yesterday afternoon,  I received a call from Nicholas Watson.
I was impressed with his previous experience in trading and his educational background.    He also had shown some innovation related to some projects that he worked on at JP Morgan Chase & Co.

I would recommend scheduling Nicholas for an interview.   I did relay to him that we would contact him within a week.

I will again call the other candidates.

JMF

 -----Original Message-----
From: 	Buckley, Karen
Sent:	Monday, October 22, 2001 5:56 PM
To:	Arnold, John; Forney, John M.; Ermis, Frank
Cc:	Engler, Adrianne
Subject:	Trading Track Interviews

John/John/Frank

As we are approaching the November 1st Trading Track interview dates, we need to finalize the reminder of the external candidate's initial screen.

Can you please provide me with your feedback/status.   If we need to re-assign your candidates to other traders please let me know by return.

Thanks,

Karen
x54667


Krishna,

I have received two additional  requests for help from EES.

1. Jeremy Blachman called and asked us to increase very significantly the
level of
our support of EES. It probably makes sense to set up a meeting with Jeremy
ASAP
and discuss specifics (you, me, and it probably makes sense to invite Marty
Sunde
as well).

2. George Posey called and asked fro help with statistical sampling of  Dublin
customers. Please, give him a call to set up a meeting.

I shall call you tomorrow to discuss both requests.

Vince


Paul:

Here is the FSA letter with my comments inserted in red.  I have tried to
make it a bit stronger by deleting references to our positions being merely
"arguable."  The language I deleted in the first part of 3.4 I thought was
unnecessary and just point out doors that may remain open for the SFA.  The
language added in 3.5 was an attempt to show how much EEFT does vs.
EnronOnline.

Is there a reason we are referring to Net Works rather than EnronOnline LLC?
It is also a Delaware limited liability company.  Are we afraid it may have a

I also wonder if the discussion of EPOL's involvement in 2.2 and 4.2 is
really needed since the ETA is entered into on EEFT's behalf.  If this has
not yet been raised by the SFA, it doesn't seem necessary to flag it for
them.  My position would be that EEFT is a party to that agreement whenever
it is necessary in connection with an investment.

Mark


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I) Mandatory reading for next week

For next week, November 17, 18,
Please read Mankiw, chapter 10.

Homework #4:
1.      How do monetary and fiscal policy shift the IS and LM curves?
2.      Bring to class a recent newspaper article indicating a shift of the IS
or LM curve.
3.      Given the decline in aggregate demand in Southeast Asia during the
last
2 years, what shifts in IS or LM would you recommend?  What shifts did the IMF
recommend?
4.      Mankiw p. 292 problems 1 and 2 for class.

In short, we will discuss recent shifts in IS & LM curves in EC, US, Japan,
and
Indonesia during the 1997-98 crisis.  Please have something to say about one
or
more of these.

II) Optional readings: Your classmates sent for your perusal:
        1. "A French Paradox at Work" on the 35- hour week
        2. "Latin American markets rally"
        3. "Getting to the Bottom of Japan's Economic Blues"

1. "A French Paradox at Work" New York Times November 11, 1999     By SUZANNE
DALEY

          FASTATT, France  Last year, the Beyer family, which owns a small jam
and fruit preserves plant here near the Swiss border, made a proposal to their
18 employees: Would they like a 35hour workweek and continue to be paid for
working 39 hours?
          To no one's great surprise, the employees said yes. "An hour more
for
yourself is  an hour more," said Christiane Grimm, whose job includes slapping
labels on jars,  sorting through crates of fruit and watching over bubbling
vats of jam. "There's  lots you can do with it."
      Surprisingly, the Beyers ended up happy, too. The company, one of
thousands of  French enterprises that have reorganized their businesses
because
of a  16monthold law creating one of the shortest workweeks in the world,
believes  that it is far better off than before.
      In the reshuffle, Philippe Beyer split his 18 employees into two teams
and  staggered their shifts. His factory here in the Alsace region now
operates
12 hours a day, up from 8. And it produces 30 percent more than it did last
year with only  two extra employees.
      The promise of 39 hours of pay for 35 hours of work was a campaign plank
that  helped catapult Lionel Jospin's leftist coalition to power in the 1997
Parliament  elections. And it remains the glue that keeps Socialists,
Communists and Greens  together. It was aimed at creating as many as a million
jobs in a country that has  struggled with a doubledigit rate of unemployment
for years.
      But many experts think that this bold experiment  which business leaders
had  warned would cripple France's economy  is not going to be a cureall for
the  nearly three million unemployed.
      Instead, it could accomplish something the leftist governing coalition
never aimed  for: a kind of housecleaning in the French workplace that will
tear the cobwebs  from French industry and lead to a more productive and
flexible work force, as it  did at Beyer.
      "The primary goal of this policy is very unlikely," said Emanuel Ferry,
an  economist at Banque National de Paris, who is studying the policy. "But it
seems  to be having a backdoor effect. It is providing a very good opportunity
to  renovate the workplace. And it is introducing these elements
productivity,  flexibility  quietly without triggering social unrest. So even
if the direct goal of  job creation is not achieved, it may still not
necessarily be a bad thing for the  economy."
      That may be, but there is hardly a policy that has caused as much
argument in  France as the 35hour week. While labor was an early advocate of
the idea, many  unions have recently demonstrated against it, fearing that the
way it is being  carried out will freeze salary levels and reverse hardfought
gains in employee  rights. Businesses have protested, too. Last month, some
30,000 industrialists and  executives gathered in an empty Paris conference
center to wave placards and  chant slogans deploring the policy. They say it
will cost too much and destroy  France's competitiveness.   Average citizens
also seem to be losing their appetite for it. Surveys show that the  idea was
very popular when first proposed, but resistance grew the more the  French
considered it. A recent poll found that less than 10 percent of France's
citizens now believe that they are going to benefit from shorter workweeks.
Most  people suspect that one way or another, they will be inconvenienced.
Either way,  it is a subject almost sure to start a fight.
      "People feel very strongly about it," Beyer said. "In this country we
are
a little retrograde, we live the way we lived 30 years ago, and this is
forcing
change and  so people are uneasy with it."
      So far, there is little proof that the 35hour week has created many
jobs.
Labor  Ministry officials said in Parliament recently that the plan had
created
or saved  120,000 new jobs. But one legislator called the figures "thin air,"
and most  economists say a more realistic number would probably be half that.
Opponents  also point out that the government has been subsidizing the
transition with  business tax cuts and other incentives.
      France's economy grew at a healthy rate of 3.2 percent in 1998, and is
expected to do nearly as well this year. The unemployment rate has dropped to
11.1 in August  from a high of 12.6 percent in June 1997. But few see much
connection between the  new jobs and the 35hour policy.
      "The 35 hours was a political decision," a Finance Ministry official
said, "but it  may become a really positive thing. Nothing was moving before.
Now suddenly  everyone has to go back and look at the way we have been doing
business.  People are talking and thinking and being creative."
      The process of carrying out this complicated law, passed in June 1998,
is
still in its early stages. This month, Parliament passed a tangle of more than
100 amendments  spelling out exactly how and when the policy should be
instituted. One rule: All  companies with 20 employees or more must operate
with a 35hour workweek by  the year 2002. So far, only about 16,000
businesses,
or little more than 1 percent of  eligible French employers, have formally
made
plans for the conversion.
      Economists say the brunt of the law will be felt unevenly. Some
businesses like the Beyer factory will benefit. Others, including service
industries, are likely to have a  much harder time.
      George Jallerat, who owns Le Grand Monarque Hotel and Restaurant in
Chartres,  says he cannot figure out how to reduce his employees' hours, pay
them the same  wages and not lose money. "In the end, we will have to raise
prices," he said.  "There is no other way."
      Some entrepreneurs are already taking steps to protect themselves. Dr.
Thierry  Sandr, employs 19 people in his medical lab on the outskirts of
Paris.
He says he  will do all that he can to avoid hiring a 20th person and bring
the
35hour  workweek into his business.
      But he does not trust the government to leave him alone. So he has not
raised the  pay of any of his employees in two years, as a way of saving money
for the day he  has to give them a 35hour workweek for 39 hours of pay. He
says
he is not alone.
      While the 35hour workweek was being debated, government officials began
trying to enforce the 39hour limit that now exists, even among managers.
Agents  prowled garages to see what time people were actually leaving.
Thousands of  fines were issued, and in one case, the director of a
electronics
factory owned by  ThomsonRCM was hauled into court for working too hard and
allowing his  engineers and other managers to put in an average of 46 hours a
week. In June, he  received an $18,000 fine. The action prompted some
businesses to install time  clocks even for managers and made the government
the butt of jokes.
      Those who have jumped at the shortened workweek are often those who were
already planning to expand their businesses. For instance, the Packard Bell
factory  in the western town of Angers, which makes computers, went to the
35hour week  this year precisely because it wanted to increase production by
30
percent. To do  that, it needed to reorganize its 1,200 employees into more
teams and more shifts.  Offering a 35hour week was a way of opening
negotiations with its unions.
      JeanLuc Bayel, the director of human resources, said the plan had worked
out  even better than anyone expected. "We have far less absenteeism," Bayel
said.  "And we are seeing a better product. People have to stand to do the
job,
and  standing for eight hours is hard. Now they stand for only seven and we
are
seeing  a 5 percent reduction in problem computers. We are very happy with the
changes."
      Packard Bell did not take advantage of government subsidies because it
did not  want to follow government rules. But others like Beyer also saw in
the
new law a  way of getting government aid to pay for expansion plans.
      At Beyer, for instance, the government aid package will pay nearly 90
percent of  the salary for the two employees he added this year. Next year, it
will pay about 70  percent and 50 percent the year after that. But Beyer, who
took over the business  from his father two years ago, wanted to expand
anyway.
He says he might have  gone ahead with his plans anyhow, but the law gave him
a
push.
      Not far from Beyer's factory, Didier Thuet, who owns a small heating
installation  business adopted the 35hour week for just the same reason. "It
was an  opportunity to try something," he said.
      Thuet's business is seasonal. There is little work at all from March to
May. So he  offered his employees a shorter workweek during those months in
exchange for a  longer one during peak business periods. They also got an
additional six to eight  days off. All six of the employees agreed to a salary
freeze until the year was over  and the company could see how much money it
made.
      But both Thuet and Beyer have their doubts about whether the law will
work  everywhere.
      And there are complaints from the supposed beneficiaries of the new
jobs.
At  Beyer, Sarah Charro, who at 26 had a series of temporary jobs, was hired
because  of the reorganization, but she has little good to say about it. She
says the  atmosphere in the factory is tense.
      "I feel in some ways like we went backward," Ms. Charro said. "We are
working  only 35 hours, but they are trying to push a lot into those hours
push, push,  push. We are all stressed out."
      Thuet's new employee, Christoffe Foulon, says the 35hour week is great
if
he  does not lose any money. But in truth, he would rather work more and earn
more.  He says few of his friends seem to envy him. Instead, he says, most
give
him a  hard time. "They treat me like I'm lazy," he said.

*******************
2. Published Monday, November 8, 1999, in the San Jose Mercury News
"Latin American markets rally," Simon Romero, New York Times

SAO PAULO, Brazil  Buoyed by fresh inflows of overseas investment money, stock
markets in Latin America are staging a rally  that could presage a return to
economic growth in many of the region's  countries next year.

 Over the last few weeks, indexes like the Bovespa on the Sao Paulo  stock
exchange, Latin America's largest stock market, have soared to a  sixmonth
high. In Mexico, Latin America's second-largest country, the  bolsa index
reached a threemonth high. On the coattails of these  markets, stocks in
Argentina, Chile and Colombia registered healthy  gains.

 Much of the rally has been fueled by relief over potential interest rate
increases in the United States, as recent economic reports have led  some
investors to believe that only one increase in rates, instead of  several, is
likely in coming months. Lower interest rates in the United  States, Latin
America's biggest source of investment, translates into  more money available
for purchases of stocks in the region.

  However, a growing consensus that Latin America is positioned for a  revival
of economic growth next year is also encouraging investors to  increase their
stock holdings.

  The recovery of some commodities prices, healthy demand for Latin  American
exports in rich industrialized nations and political and  economic
developments
in countries like Mexico have led analysts such  as Geoffrey Dennis of Salomon
Smith Barney to predict 3.2 percent  growth for the region as a whole next
year, compared with fourtenths  of a 1 percent contraction in 1999.

  ``Investors are lifting the veil from a period in which Latin America was
oversold,'' said Edmar Bacha, the New Yorkbased strategist for Banco  BBA
Creditanstalt. ``What they're seeing, minus the threat of higher  Fed rates,
is
a region looking a lot better next year than this year.''

  One of the best examples of this newfound optimism is Chile, a nation  that
was hit hard by the economic crisis suffered by some of its Pacific  Rim
trading partners.

  Helped by lower domestic interest rates and a recovery in the price of
copper, Chile's economy is expected to grow 5.5 percent in 2000,  compared
with
a shrinkage of half a percent this year. And coming  presidential elections
are
not viewed as risky, since the two leading  candidates are pledging a similar
blend of centrist economic policies,  said Neil Dougall, an economist with
Dresdner Kleinwort Benson.

  In Mexico, politics is also generating optimism over the economy with
concern easing over the possibility of disruption resulting from primary
presidential elections. And strong growth in the United States, Mexico's  main
export market, contributes to positive sentiment over the country's  economy,
which is increasingly viewed by economists as more linked to  its northern
neighbors than to the rest of Latin America.
  Yet while prospects look better in countries like Chile and Mexico, it is
in
Brazil, Latin America's biggest economy, where most attention is  focused. So
perhaps it is no small wonder that the rally lifting most Latin  markets is
nowhere as dramatic as it is here.

  Two weeks ago, Brazil's currency, the real, was getting hammered as
speculators who had been betting on weakness pushed the real beyond  two to
the
dollar for the first time in eight months. As alarm grew over  the real's
decline, Brazil successfully sought greater flexibility to defend  the
currency
by using money from the International Monetary Fund,  which has oversight over
such matters because it is financing an  economic aid package to the country.
The real began to strengthen.

  ``All of a sudden there was much less pressure on the bank to raise  rates
to
attract foreign capital,'' said Carlos Novis Guimaraes, head of  Latin
American
investment banking at Lehman
Brothers.

 With the likelihood larger that Brazil might lower rates rather than raise
them, a fresh assessment emerged.  Corporate profits, like those from
eucalyptus producers benefitting from  higher pulp prices and banks prospering
from prescient investment  strategies, suggested an economic recovery stronger
than once thought.  Most analysts are predicting Brazil's economy will grow 3
percent in  2000, compared with 0 percent expected this year.

 Still, investors remain cautious about the potential for rebound.  While
shocks like Ecuador's moratorium on foreign bonds seem to have  been absorbed
without causing much damage to investor sentiment,  other factors lead some
investors to remain wary.

  For instance, interest rate increases abroad, like those announced  Thursday
by the European Central Bank and the Bank of England,  could undermine Latin
America's stock rally. Reticence by Brazil's  Congress to approve government
proposals to simplify the tax system  and trim pension spending may also raise
a red flag.

  Nevertheless, an important shift in sentiment seems to be taking place.
``It
appears that global risk aversion is lowering after the collapses  predicted
by
some people never materialized,'' said Ernest Brown,  senior Latin America
economist at Morgan Stanley Dean Witter.

*************3. JAPAN ECHO Vol. 26, No. 1, February 1999
Getting to the Bottom of Japan's Economic Blues
KOJIMA Akira
        The Japanese economy found itself pushed to the edge of a precipice in
1998 by a rapid surge of deflationary pressure. Obuchi Keizo, who succeeded
Hashimoto Ryutaro as prime minister at the end of July, proclaimed his new
administration an "economic revitalization cabinet," and policy at least
shifted in the right direction, however belatedly. The government secured
passage for legislation setting aside a huge volume of public funds to deal
with the stricken financial sector, and it approved fiscal outlays on an
unprecedented scale to stimulate demand. Thanks to these measures, the economy
managed to stop just short of the precipice.
        During 1999 the economy should enjoy a bit of a breather as the
effects
of the heavy dose of government stimulus take hold. But it will be no more
than
a breather, and it will be essential for financial institutions to take
advantage of this temporary respite to restructure their operations and for
business corporations to undertake serious efforts to strengthen themselves.
If
they fail to do so, the economy is liable to slip back into critical condition
as soon as the effects of the stimulus have worn off. This year will be a
decisive one, representing as it does the last chance of the twentieth century
for the Japanese economy to be revitalized.
        After achieving a recovery labeled miraculous in the years after World
War II, our country's economy suddenly lost its momentum in the final decade
of
the century. The downturn started in 1991, and from 1992 through 1994 the
growth rate was close to zero. In 1995 and 1996 the economy managed to expand
by 2%-3%, but then in fiscal 1997 (April 1997 to March 1998) it contracted by
0.7%. And the growth rate for fiscal 1998 is being estimated at around -2%.
This will be the first time in the postwar period that the economy has
recorded
negative growth for two years in a row. It will also mean that the average
growth rate from 1992 through 1998 will fall to 0.7%, dipping below the 1%
mark.
        Why did the economy suddenly lose its steam? The main causes are the
speculative bubbles of the late 1980s and the policy blunders following their
bursting starting in 1990. Over the course of history, countries around the
world have experienced economic bubbles. Where they differ is in the skill of
their policies to deal with the aftermath. Japan's record on this score has
clearly been a string of failures. Until 1998 the authorities did virtually
nothing to promote the clearing up of the large volume of loans that went bad
after the collapse of the bubble economy. This huge overhang of nonperforming
assets in the financial sector acted as a drag on the economy as a whole,
preventing it from regaining its forward momentum. And as the recession
dragged
on, the bad-debt problem grew even greater in scale. The situation
deteriorated
to the point where a series of major financial institutions went bankrupt in
November 1997, setting off an overall contraction of credit.
        Earlier in the year the government had implemented a set of
belt-tightening measures, including a hike of the consumption tax from 3% to
5%, that produced a negative fiscal impulse on the order of \9 trillion. In
other words, 1997 was a year of powerful deflationary pushes from both the
monetary and fiscal sides of the macroeconomic picture. No economy could
withstand this sort of double punch without buckling.
        Particularly from November 1997 on, the economy was obviously headed
down, but even so the government dallied in shifting its fiscal stance and in
dealing with the bad debts that were at the root of the financial deflation.
What set off the powerful deflationary contraction of credit was the first
occurrence of default in the interbank market in the postwar period in early
November. Despite the smallness of the amount defaulted, the market panicked
because all its transactions were premised on the absolute impossibility of
default. Financial institutions became leery of extending credit to each
other,
and the interbank market ceased to function smoothly. Every institution tried
to build up its own liquidity. And financial institutions whose capital was
meager by comparison with the scale of their nonperforming loans found
themselves coming under a fierce attack in the stock market. As a result, they
moved to raise their capital adequacy ratios by cutting back on their
lending.!

        This set off a classic credit crunch.
LENDER OF FIRST RESORT
        When matters reach this sort of pass, the relaxation of monetary
policy
by the central bank fails to affect the real economy. Though the Bank of Japan
has adopted an extremely loose policy stance, actual financial conditions have
become severely tightened. This can be seen most clearly in the relationship
between the money supply and bank credit. Normally when the money supply (cash
and bank deposits) expands, the volume of lending by banks grows accordingly,
and financial conditions relax. But in the credit contraction that became
pronounced from the end of 1997 on, bank lending has shrunk in volume despite
growth of the money supply.
        For example, if we look at the figures for the so-called city banks
(Japan's major money-center banks) in the 12-month period ending September
1998, we find that their deposits were up 5.3%, but their outstanding loans
decreased by 2.5%, or \4.5 trillion. And the ratio of loans to deposits fell
by
a remarkable 8.7 percentage points over the same period. Banks were under
pressure to write off their bad loans, which they had been putting off doing;
the capital crunch in the financial sector was accompanied by a credit crunch
in the general economy.
        So what have the banks been doing with their increased deposits? They
have been avoiding risk by investing them in government bonds, and as a result
the yield on the government's 10-year issues has fallen below 1%. This is a
first for Japan, of course, and in fact it is unprecedented in capital markets
around the world. The problem is that, even as government bond yields have
been
falling, the yield on the corporate bond issues of big businesses has been
rising. In other words, not only has it become harder for businesses to borrow
from banks, but it has also become harder for them to raise funds from the
capital market. Even so, major corporations have been raising some funds
through bond issues. But smaller firms that are not in a position to issue
their own bonds have felt the full brunt of banks' cutbacks in lending.
        If this situation were left untreated, the Japanese economy would have
no prospect of recovering. During the course of 1998, therefore, the Bank of
Japan implemented large-scale purchases (via banks) of commercial paper, which
are notes issued by corporations to cover their operating expenses. In effect
the central bank was stepping in to lend where regular banks would not. One
might even say that it became the lender not of last resort but of first
resort. In addition, other government-affiliated financial institutions have
been actively extending loans to companies and other firms.
        The root cause of the contraction in bank lending is the remaining
pile
of bad loans, which has still not been adequately dealt with. In order to
alleviate this problem, the government has come up with a massive \60 trillion
package of public funding for the financial sector. But bank executives are
reluctant to make use of these public funds, fearing that if they do, they
will
be expected to take responsibility for the failure of their earlier lending
decisions. And under these circumstances the credit crunch appears certain to
continue, even if it becomes somewhat less serious in degree.
        The gravity of the bad-debt problem is apparent from the volume of the
asset value lost as a result of the collapse of the bubble economy. In the
period from 1991 through 1994 land prices fell \556 trillion, and from 1989
through 1992 stock prices dropped \490 trillion. In other words, the value of
assets in these two major categories plunged by over \1 quadrillion in the
post-bubble period, an amount equivalent to more than two years' gross
national
product. Since a large portion of the purchases of both land and stocks had
been financed by bank lending, the deflation in these asset values led
directly
to the emergence of huge amounts of bad loans.
STRUCTURAL FACTORS ADDING TO THE DRAG
        The principal causes of the Japanese economy's sudden loss of momentum
in the 1990s thus appear to have been the policy failures in dealing with the
aftermath of the bubble years, in connection both with the bad-debt problem
and
the handling of fiscal affairs. These were not the only causes, however. Other
factors, systemic and structural, account for probably 20% to 30% of the total
negative change.
        A number of problems may be cited in this connection: (1) Japan
completed the decades-long process of catching up with the West. (2) The
country was tardy in coping systematically with the forces of globalization
and
megacompetition that picked up strength following the end of the cold war. (3)
The Japanese population has been aging at a pace never experienced by any
country in the world, and this has heightened people's concerns about the
future. (4) The focus of technology has been shifting from manufacturing
toward
information, software, and services.
        The end of the catch-up process meant less scope for growth through
the
introduction of technologies and products from overseas, forcing Japan to rely
on innovations of its own to achieve further economic expansion. Furthermore,
it had to do so within the context of the world's highest average wage levels.
        Next, the advent of megacompetition meant the emergence of rivalry
from
the newly industrialized economies, many with wages only a tenth or a
fifteenth
of Japan's, placing Japanese businesses in a highly disadvantageous position.
        Population aging, meanwhile, is a process that has been going on in
all
the industrial nations, but in Japan's case it has been progressing at an
especially rapid clip. This has forced the country to scramble in order to
make
the required systemic adjustments in areas like pensions and employment. In
addition to the rise in longevity, there has been a sharp decline in the
birthrate, which has further accelerated the rise in the elderly share of the
population. Early in the twenty-first century, the total number of Japanese is
expected to start declining. In the 50 years following the end of World War
II,
the population grew by an average of about 1 million people a year, but in the
50 years to come it is estimated that it will decline on average by half a
million a year. This will mean a shrinking labor force, which will face an
increased burden in supporting the growing numbers of elderly, and it will
also
mean shrinking markets. Various systems, including pensions, taxes,
employment,
and wages, will have to be reformed fundamentally in order to keep them from
collapsing. Meanwhile, of course, the vitality of the economy will wane, and
with it the capacity for economic growth. The outlook is bleak.
        Finally, the paradigm shift in technology will pose a major challenge
for Japan in the period to come. During the twentieth century Japan has been
extraordinarily successful with its technology for standardized mass
production, which was the dominant paradigm of the century. Automobiles and
electric appliances are representative of the fields in which Japanese
manufacturers have won strong positions. But since the early 1980s, when
Japanese industry was seen by many people to be victorious, the focus in
high-value technology has been shifting away from standardized mass production
in the direction of knowledge-intensive and information-intensive areas, from
hardware to software, and from manufacturing to services.
        As globalization has progressed, capital, technology, and management
know-how have been moved actively across national borders, and standardized
production was easily shifted to the newly industrialized economies. The
medium
for these transfers has been cross-border direct investment, which has grown
by
leaps and bounds since the end of the cold war. We have entered an age in
which
comparative advantage in standard mass production can be imported. This
produces a tendency toward price leveling. In most cases the trend is a
downward one, with prices being drawn to the level of the low-wage countries.
And it makes it difficult for a high wage country like Japan to sustain high
value-added production.
THE PARADOX OF SUCCESS
        There are two ways out of this difficulty. One is to shift
manufacturing
operations overseas to take advantage of lower wage levels. The other is for
businesses to compete in nonprice areas by coming up with their own
technologies and products. Corporations that shift their operations offshore
can continue to enjoy growth in their consolidated results on a global basis,
but meanwhile they are promoting the hollowing out of the domestic
manufacturing sector. For Japan as a whole the second alternative, nonprice
competition, is more desirable, especially now that the goal of catching up
with the West has been accomplished. But in order to succeed at this endeavor,
it will be necessary to recast the whole set of systems that were designed for
the catch-up period. The new systems will have to shift their focus from the
achievement of equality of results to support of those who take risks and
display creativity. The system of automatic wage hikes in line with increasing
seniority will have to be overhauled, and the egalitarianism of the school
system will also have to be modified.
        Making such reforms will mean fundamentally changing the social values
to which we have become accustomed. Resistance is likely to be great. People
will be quick to agree with the need for reform in principle but will resist
the particulars that affect their own areas of activity. Already over the past
decade we have witnessed many loud calls for reform, leading to numerous
reports and recommendations, but there has been little by way of
implementation.
        One reason for this lack of follow-through is the fantastic success
that
Japan enjoyed in the economic sphere for the previous several decades. Since
the existing systems and practices were so successful for so long, they have
become quite hard to change. This is the "paradox of success" or "reward of
success" to which Peter Drucker refers.
        It may be possible for the Japanese economy to get out of its current
hole by overcoming the credit crunch arising out of the bad-debt problem and
correcting the earlier mistakes in fiscal policy. This, however, will amount
to
no more than the righting of earlier wrongs. In order for our economy and
society to demonstrate vigor and creatively produce new value and new
technologies in the century to come, we must overcome the "paradox of success"
and remake our long-standing systems and practices. The lack of progress
toward
this goal is the source of our current sense of being at an impasse.
        The massive dose of financial and fiscal stimulus that the
government is
now administering should halt the severe downturn that started in November
1997, and in 1999 we can hope to see at least faint signs of a recovery. But
it
is essential that this respite be used to achieve progress toward systemic
reform. Unless this is accomplished, the 1990s will be a "lost decade" for
Japan, and our economic outlook for the twenty-first century will be a gloomy
one.

David I. Levine                 Associate professor
Haas School of Business    ph: 510/642-1697
University of California    fax: 510/643-1420
Berkeley CA  94720-1900                            email:
levine@haas.berkeley.edu
http://web.haas.berkeley.edu/www/levine/


Was speaking w/ Lavo today on a different matter and he mentioned you were a
great help to him in managing his world and was quite complementary overall.
I can count on one hand how often this happens in RAC so keep it up.  Great
job. Thanks, Rick


I'd be happy to call Nickles.


In anticipation of re-opening, you have an opportunity to pre-select your new
locker location.  All active Body Shop members who had a permanent locker at
the time of the September 1st construction close have been given first
consideration when selecting their new locker location before December 29th.
 Priority will be given to member's original locker location (i.e. a member
who requests their original locker area will be given priority for that
space).  After this date lockers will be distributed to members on the
waiting list and to member's with permanent lockers who request a different
space from their original locker area.   For your convenience, a Body Shop
enrolment and locker request table will be in the lobby from December 18th
through January 5th between the hours of 11am - 1:30pm.

Follow these simple steps to secure your locker location:
Open and review the attached Men's Locker Design template.
Select your 1st, 2nd, and 3rd choice location preference.
Complete the Locker Selection Request Form.
Complete and Sign the Locker Payroll Deduction Form.
Return all completed forms before December 29th to the Body Shop at EB1355,
drop off at our offices on EB1372 or at the Body Shop Table in the lobby from
December 18th through January 5th between the hours of 11am - 1:30pm.

You will receive an e-mail notifying you of your new locker location and
locker combination prior to re-opening.  If you have any questions, please
contact Noel Ryan at  x35548.


ELO sounds good.  I don't remember.  Ask Darrah.
>From: Matthew.Lenhart@enron.com
>To: ljc76@hotmail.com
>Subject: RE: Blanchard
>Date: Tue, 29 May 2001 15:20:07 -0500
>
>who sings that song "harley davidson of a bitch"? i think you said it was
>elo or something.
>
> -----Original Message-----
> From: "Lawrence Centola" @ENRON
> [mailto:IMCEANOTES-+22Lawrence+20Centola+22+20+3Cljc76+40hotmail+2Ecom+3E+40ENRON@ENRON.com]
>
>
> Sent: Thursday, May 24, 2001 8:26 PM
> To: Lenhart, Matthew
> Subject: RE: Blanchard
>
>
> Thanks for asking. Face is fine now. Graduated today and nobody
> really noticed. Did have to use a little make up though.
> >From: "Lenhart, Matthew"
> >To: "Lawrence Centola "
> >Subject: RE: Blanchard
> >Date: Wed, 23 May 2001 15:18:38 -0500
> >
> >how is your face doing? is the swelling going down?
> >
> > > -----Original Message-----
> > > From: Lawrence Centola [mailto:ljc76@hotmail.com]
> > > Sent: Thursday, April 26, 2001 12:07 AM
> > > To: sdarrah; maziarz; socalcinephile; bcambr; chad.landry;
> > > matthew.lenhart; MMMarcantel; nicholas.danna; RCasey;
> > > timothy.blanchard; tdietz; val.generes; dural54
> > > Subject: Re: Blanchard
> > >
> > >
> > > As we all know, Blanchard was a GDI his first semester at LSU. While
> > > living in Power dorm, Blanchard once overheard one of the Pi PHi for
> > > boys that he was hanging out with say "Hey, Dude, Sorority girls are
> > > hot!" Blanchard, being from Paincourteville and not being what we
> > > would call a 'master' of the English language, though that this
> > > 'fresh' Pi Phi meant "All greek girls are good in bed." So what did
> > > Blanchard do. He went out and found the first GREEK girl he could,
> > > and he started dating her. After many pleasant years, (some of which
> > > I will not mention for Tim's sake, and mine) Tim and his Greek
> > > Goddess are engaged. Yes, that's right. Tim took Lenhart's advice
> > > (because we all know that Lenhart is the authority on relationships
> > > with the opposite sex; I mean, who wouldn't take his advice) and Tim
> > > decided to start his life sentence with a lovely girl who has bunch
> of
> > > friends who all give it up like it was going out o! f style.
> > >
> > > Tim's wedding is on THE DAY OF THE MISSISSIPPI STATE GAME. For those
> > > of you who are not Tiger fans (which seems to be most of you these
> > > days), that is Oct. 20th. I know, it is an away game, which is
> better
> > > than having a wedding on a home game. But some of us who are fans
> > > like to go to the out of town games. True story, here. I went to a
> > > wedding with Louise and her mother on Friday night. You have not
> > > lived until you take two dates to a wedding, one of whom is engaged
> to
> > > your good friend and the other whom cannot speak the language.
> > > Anyway, after the wedding that we attended, Louise's mom asked me if
> I
> > > would prefer Tim's wedding ceremony be in either half English and
> half
> > > Greek, or all in Greek. I responded "I do not care. I will be
> > > listening to the LSU game on my headphones anyway." I know what some
> > > of you are saying, it is only one game. Yes, and I am sure that was
> > > the only weekend they could hav! e it since so many of us from New
> > > Orleans have been to a wedding at the Greek Cultural Center, because
> > > all of us from New Orleans have been to numerous weddings / goat
> > > roasts there. Anyway, it is a done deal, and we are all happy for
> the
> > > couple.
> > >
> > > The real point of this e-mail is to organize Tim's bachelor party.
> We
> > > have it planned for the weekend of September 22 (what a novel
> idea!!!
> > > Plan a wedding event on a weekend where there is neither an LSU
> event,
> > > nor Jazz Fest!!!) We are planning to go to Vegas. As per our current
> > > plans, we would leave on that Thursday (the 20th, I think) and
> return
> > > on Sunday. 'Paw Paw' Blanchard heard that in September, his game of
> > > choice really starts hitting, that of course would be the nickel
> > > slots. 'Paw Paw' already has his Panama Jack hat, his "Geaux
> > > Dinar-deaux" T-shirt, his jams, and his black socks with brown
> leather
> > > sandals packed and ready. His fanny pack is stuffed with Twinkies
> and
> > > silver dimes. He is really fired up about the $1.99 shrimp cocktail
> > > (early bird special, of course.)
> > > The plans are to get there Thursday night (Nicky, get more drink
> > > tickets.) Thursday night we can get settled, possibly gamble a bit.
> > > On Friday, maybe play golf (although I will probably be too drunk /
> > > hung over / missing for an early tee time.) On Friday night, we can
> > > go "clubbin'", as I am sure The Tricky Texas Trio (Lenhart, Landry,
> > > and Mitch) will want to do. On Saturday, Tim wants to wake up early,
> > > get the sports section of the Advocate, drink coffee, and bitch
> about
> > > the Tigers. Instead, we are going to watch and bet on College
> > > Football all day.
> > > Saturday night, Tim wants to go see Sigfried and Roy. However, we
> are
> > > not doing that. If he wants to see gay men play with caged tigers,
> he
> > > can find out the next time Nesbitt tries out for the LSU
> cheerleading
> > > team. Instead, either SaturDay or Friday night, myself and a select
> > > group (yet to be determined, but including Lenhart if he is not
> doing
> > > his best Ricky Martin impression at Club C2K) will go on a recon
> > > mission to the Deja Vu. Therefore, on Saturday night, we will have
> > > entertainment in the room that some of us have seen before, and who
> > > know what is expected of them (that way Lenhart will not make the
> > > entertainment cry when he asks them to fuck his Elway blow-up doll).
> > > Remember Tim. If you use a strap on, it is not considered cheating.
> > > I am a future lawyer. I should know.
> > > This weekend is September 22. There is no excuse for you to come up
> > > with when you have this much notice. Out of money? Bullshit. Save
> > > up until then. Have to work? Bullshit. Take a vacation day.
> > > Actually, September will be the first month that I will be gainfully
> > > employed. But, I know that my boss, the Honorable G.Thomas Porteous,
> > > will let me off for one day if debauchery will be had, although I
> may
> > > have to put a few hundreds on black for him periodically throughout
> > > the weekend.
> > > For those of you who will be recently married, I already have an
> > > excuse for you. "Honey, Tim came to all OUR wedding functions. The
> > > least I can do is return the favor."
> > > For those of you that will be married shortly after Tim, I also have
> > > an excuse. "Baby / Schmoopy / I wish your tits were as big as
> Mindy/,
> > > if want other people to come to our wedding functions, then I have
> to
> > > attend theirs." For all of you single guys, no excuse.
> > > Please respond to this e-mail at your earliest convenience, or I
> will
> > > see ya'll this weekend. All plans are subject to change. (Chad, if
> > > you want to send an e-mail to only me, hit 'Reply to sender.' If you
> > > hit 'Reply to all'. it sends the message to all of the RECEPIENTS of
> > > the original message. I know that you said Law School was such a
> > > stupid idea compared to Business School, but I think you could learn
> > > from some of our lessons, such as it is better to remain silent and
> be
> > > thought of as a fool than to open your mouth and remove all doubt.)
> > >
> > > Hope this e-mail finds you doing well.
> > >
> > > Signed,
> > > Granola, Blarry, your Daddy, Mushroom head, Captain Nic, King,
> Smokey,
> > > charming drunk, your heighness, the one who never looses his
> emotions
> > > when he drinks, SG Nerd, Governor, lawyer, or anything else you want
> > > to call me.
> > >
> > > Get your FREE download of MSN Explorer at http://explorer.msn.com
> <<
> > > File: ~~DLNK0.URL >>
> > >
> ><< winmail.dat >>
>
> Get your FREE download of MSN Explorer at http://explorer.msn.com <<
> File: http://explorer.msn.com >>
>
>

Get your FREE download of MSN Explorer at http://explorer.msn.com


As you are probably aware, your department has been selected to participate
in Project GEM (Global Enron Migration) for the rollout of Windows 2000.  In
preparation for this rollout, it is imperative that we gather information
about your workstation and the applications you use.  To begin this data
collection, we have automated the process and your system has just been
inventoried.   Once this information is received, we will be working with
your department coordinator to consolidate this information to ensure this
transition is as smooth as possible.

The GEM team would like to thank you for your participation.  If you have any
questions, please call Brian Carter,  (713) 345-6424.


---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/13/2000
08:13 AM ---------------------------

Shane.Dobbs@fctg.com on 11/10/2000 08:25:32 AM
To: wwilson@eng.auburn.edu, Tharpbl@eng.auburn.edu, domino@sonet.net,
hamptone@booksamillion.com, jwood@regionsbank.com, jmjaked@mindspring.com,
gwave85@hotmail.com, phillip.m.love@enron.com, poe77@earthlink.net,
stephaniepool@huntersystems.com
cc:
Subject: FW:

?
-----Original Message-----
From: Jourdan_Will
Sent:  Friday, November 10, 2000 8:24 AM
To: BIFP TRADERS
Subject:  FW:

?
-----Original Message-----
From: David Ray  [mailto:dray@montrad.com]
Sent: Friday, November 10, 2000 8:30  AM
To: William Hocutt; Jourdan_Will; Webb Jackson; Tracy Tiberia; Tim  Watkins;
TAYLOR MCELROY; Stuart Phillips; Stanley, Craig ; Stan HEAD Roberts;  Skew
Dawg; Sarah Hollis; Rusty Sexton; Rob Harper; Penn Wilder; Matt Skelton;
Marty Holt; Mark Smith; Lee Cobb; Kip Tullos; Kevin Judice; Ken Lott;
Jeffrey  Hollis; Jeff Maudsley; Jeanie Wahl; Jay Nichols; J2Andyj2@aol.com;
gsatterw@option-one.com; Greg Stanley; G. Alford; Ezell Webb; Emma; Ellen
Roberts; Eddie Pruett; Drew Porter; Dill, Bo; David Perry; Dave Ellis
(Crib);  Dan (Dial) Wrather; Dad; Clint Ray; Chris Garmon; Chad Medder; Brian
Moore;  Brenda Ford; Brandon Wallis; Bradley O Elliott; Bethany Self; B P
Mendheim;  Ashley Whittemore; Arch Lee; Annette Judice; Amanda Ray; Allen,
Trey; A D  Rogers; Adam Bloomston
Subject: Fw:

?
----- Original Message -----
From: John  Brinkley
To: Bobby Cummings (E-mail) ; Charles Brinkley  (E-mail) ; Kelley A. Wilson
(work) (E-mail) ; Melissa Brinkley (E-mail) ; Woody Marks (E-mail)  ; Adam
Walton ;  David Alexander Ray  ; David Nomberg ; David  Watson ; Gary Clarke
Burns, Jr. ; Michael Parks
Sent: Friday, November 10, 2000 8:16 AM
Subject: FW:

?
 - Morons1.gif


This refers to you two.
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 01/13/2000
05:32 PM ---------------------------

	Enron North America Corp.

	From:  Ben F Jacoby                           01/13/2000 04:57 PM

To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Re: Medical Alert!!

Newbrund@aol.com on 01/12/2000 10:48:59 PM
To: costaoeste@worldnet.att.net, marc.bayer@aktanker.com, spberman@jps.net,
dfeldman@adelphia.net, MMGara@aol.com, GeigerMorg@aol.com,
JGu3520471@aol.com, aahj@classic.msn.com, Ben F Jacoby/HOU/ECT@ECT,
Pkrk38@aol.com, deb-dan@home.com, mmintz@weather.com, smintz@emanuelsf.org,
TawongaDeb@aol.com, newbrun@itsa.ucsf.edu, Peckbaf@aol.com, MDZZZZ@aol.com,
hreshef@pol.net, sshapira@hadassah.org.il, Brent.Sommer@ncal.kaiperm.org,
msopher@ucla.edu, r_sopher@netvision.net.il, GTStraw@aol.com,
jonwong@earthlink.net, kzuckerman@yahoo.com
cc:
Subject: Medical Alert!!

Please see  attached file.
 - Medical1.doc


Richard,

It is my understanding that you have received a final version of each Project
Door Step report for the following locations:

Buenos Aires
Sao Paulo
Sydney
Singapore
Oslo
Frankfurt

Projects pending completion are:

EOTT  (still in the field)
Mariner  (follow-up visit pending)
Calgary (last week)
London (pending completion of extended work)

Projects scheduled for future dates

Panama
Denver
Mexico
Portland

Tom Bauer has requested you forward to him the contents of the Door Step
database including the current status of items to be addressed.  Please call
me at 3-6516 if you have any questions.

         Thanks

          Jim Brown


The;conditional site plan approval;resulted in the generation of the Dev.
Order.
;
Sorry about the delayed response, I've been having major e-mail problems as a
result of the mirgration over to Outlook.
;
Look forward to discussing the agreements Monday at 11 EST.
;
Steve

-----Original Message-----
From: Mann, Kay
Sent: Thu 5/31/2001 6:52 PM
To: Krimsky, Steven; Jacoby, Ben
Cc:
Subject: Pompano dev ag

Hi there.

Is the site plan approval a different document than the development order?

Thanks,

Kay


I took a message from Pat Brown at Avista this morning. She needed to book
one more spa reservation for Jean Gonnella. The only time Jean can do it is
between 3:30 and 6 p.m. on the Thursday they arrive. She would like a deep
cleansing facial and a french manicure. If there isn't time for both, she'd
just like the facial. Please call Pat and confirm the reservation time when
you make it. Her number is 509.495.8123. Thanks!

P.S. I don't want you to think I'm passing the buck. I would have taken care
of this myself, but Mollie said you had a bunch more reservations to make on
Tuesday morning. Good luck, and let me know if you need help.

Kate


Originally we sent you this but now this is what we need to have set up:

We asked for

PGLC/NBPL/NBPL should be NBPL/Peoples/82 - Northern Border Manhattan
PGLC/NGPL/NGPL should be NGPL/Peoples/909285 - NGPL Peoples
PGLC/TTP/TTP should be PGLC/TTP/TTP - This was formerly PGLC/NGPL/909285 which is and INCORRECT meter on PGLC's side.  PGLC/TTP/TTP is the POOL for PGLC.  This product should be called Peoples Pool on EOL rather than PGLC/NGPL/Non Pool

Let me know

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Wednesday, October 17, 2001 1:17 PM
To:	Truong, Dat; Pendergrass, Cora; Doan, Jad; Lozano, Melba
Subject:	FW: Locations for Patrice Thurston

Dat,

Can you get me screen prints of these two deals. They are in Sitara Parallel.  Thanks TARA

 -----Original Message-----
From: 	Pendergrass, Cora
Sent:	Wednesday, October 17, 2001 1:08 PM
To:	Sweitzer, Tara; Doan, Jad
Cc:	Lozano, Melba
Subject:	RE: Locations for Patrice Thurston

I am trying to get into Sitara Parallel but I'm not having any luck?  any idea who to call about that one?

Thanks!!

Cora
 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Wednesday, October 17, 2001 12:20 PM
To:	Doan, Jad; Pendergrass, Cora
Cc:	Lozano, Melba
Subject:	FW: Locations for Patrice Thurston

Cora, and Jad,

Please take a look at these two test deals that Patrice has requested.  I am still waiting on global to get the tradezone TTP added. I will let you know as soon as I hear from Sylvia Campos.  In the mean time please take a look at the other two test deals in sitara Parallel.  The deal numbers are as follows:

Nicor/E.Dubuque = 4037411
NBPL/Manhattan = 4037412

Please get back to me ASAP if these two products look good, and we can release them for production.
Thanks
TARA
 -----Original Message-----
From: 	Pendergrass, Cora
Sent:	Wednesday, October 17, 2001 11:08 AM
To:	Sweitzer, Tara
Subject:	RE: Locations for Patrice Thurston

Everything right now is currently mapped to PGLC/NGPL/909285 when deals are done on EOL.  THere are deals out there right now with this meter for future months.    These deals will need to be changed to PGLC/TTP/TTP manually.  The meter PGLC/NGPL/909285 should not be used after these new trade zones are set up.

This is how it needs to be set up :

PIPE/TRADE ZONE/FACILITY:

PGLC/NGPL/NGPL
PGLC/NBPL/NBPL
PGLC/TTP/TTP - We need to set up this trade zone.  Spoke with Russ Severenson

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Wednesday, October 17, 2001 10:54 AM
To:	Pendergrass, Cora; Lozano, Melba
Subject:	FW: Locations for Patrice Thurston
Importance:	High

Can you get me the following infromation that I requested from Jad?  Thanks TARA

 -----Original Message-----
From: 	Doan, Jad
Sent:	Wednesday, October 17, 2001 10:22 AM
To:	Sweitzer, Tara
Subject:	FW: Locations for Patrice Thurston
Importance:	High

Jad,

I need the Pipe, Trade zone, and Facility number for these locations as soon as possible.  Patrice Thurston is asking for this products ASAP!  Call me if you have any problems getting this information to me . @34523

 -----Original Message-----
From: 	Lozano, Melba
Sent:	Monday, October 15, 2001 5:35 PM
To:	Moorer, Torrey
Cc:	Sweitzer, Tara
Subject:	Locations for Patrice Thurston
Importance:	High

Torrey,

I know you had asked me in the past to go ahead and pass on to you traders which are pressuring us to get stuff out.  Do you mind calling or e-mailing Patrice Thurston-Mims and explaining to her the enormous back log we have in the testing area and the under staffed that we are.  Let me know if you any questions.
Products:
9-Oct	US Gas Phy Fwd Firm (1117) (Locations)- Melba
	NIG/NNG/2	US Gas Phy  Nicor/E.Dubuque	59347
	PGLC/TTP/TTP	US Gas Phy  PGLC/NGPL NonPool	59348
	NBPL/Peoples/82	US Gas Phy  NBPL/Manhattan	59349

Thanks,

Melba


----- Forwarded by Tana Jones/HOU/ECT on 12/20/2000 05:21 PM -----

	Bradley Diebner
	12/20/2000 05:12 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron
		 cc:
		 Subject: Amendment to Boardwalk equity profile


Market Participants:

	The revised ISO Issues Committee proposal is available for your
review via the following link:
http://www2.caiso.com/clientserv/stakeholders/

	I request that you return your comments to me by COB on Wednesday,
July 11 via email bwoertz@caiso.com <mailto:bwoertz@caiso.com>

	Thank You,

	Byron B. Woertz, Jr.

	Director, Client Relations

	(916) 608-7066

	(800) 481-7037 - Pager


Mark:

Per our conversation, I understand that the Canadian company has a number of
outstanding OTC FX transactions with one or more counterparties.  Each of
those transactions should be documented by a confirmation which confirms the
economic terms of each deal.  Each confirmation must be subject to (1) an
existing type of master agreement (such as the ISDA, IFEMA, FEOMA), (2) a
"deemed" version of such an agreement or (3) "terms and conditions" appearing
in the confirmation itself.  It is quite likely that in any of these three
types of confirmations, there are provisions for assignment of trades, credit
event upon merger, material adverse change, additonal events of default or
termination, etc.  which may be triggered by the pending acquisiton of the
Canadian company.  Further, there may be credit issues associated with the
transactions and/or master agreements (in the form of specific credit
provisions in a confirmation or a credit annex to the master agreement).  As
a result, a party attempting to "step into the shoes of the Canadian company"
must review the existing documents, subject to any confidentiality
restrictions, in order to evaluate the positions and risks associated with
assuming those positions.

Thus, we need to conduct a thorough due diligence of the financial trading
positions of the Canadian company.  Please let me know if you have any
questions.

Sara


Allen,

Let me try again.

Vince


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/20/2000
02:47 PM ---------------------------

bradley romine <bradley@Stanford.EDU> on 01/20/2000 02:16:24 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Meeting (fwd)

--
Bradley Romine
EES/OR Stanford University
bradley@leland.stanford.edu

---------- Forwarded message ----------
Date: Thu, 20 Jan 2000 12:09:05 -0800 (PST)
From: bradley romine <bradley@Stanford.EDU>
To: Nick Bambos <bambos@stanford.edu>
Subject: Re: Meeting

Professor Bambos,
 3pm on Wed. is fine with them. So I'll see you then in your office
in terman.

Brad

On Thu, 20 Jan 2000, Nick Bambos wrote:

> Brad,
>
> Yes, I would be happy to meet with them.
> How about 3pm on Wed.
>
> Thanks,
>
> Nick
>
> bradley romine wrote:
> >
> > Hello Professor Bambos,
> >         I was talking to some friends I have at Enron about pricing
> > options for bandwidth trading and other optimization algorithms for
> > broadband networks. Anyway they are interested in talking to you about
> > your research. They will be in town next week tuesday and wednesday and
> > would appreciate getting a chance to talk to you. Are you available?
> >
> > Thanks,
> >         Brad
> >
> >  --
> > Bradley Romine
> > EES/OR Stanford University
> > bradley@leland.stanford.edu
>

--
Bradley Romine
EES/OR Stanford University
bradley@leland.stanford.edu