[IMAGE]	Fantasy Football Newsletter
  November 9, 2001

     [IMAGE]Fantasy Sports     [IMAGE]Fantasy Football     [IMAGE]CBS SportsLine.com

  Welcome to another edition of the 2001 Fantasy Football Newsletter!      The Fantasy Football newsletter will arrive in your e-mail inbox at the end of every week. We'll include news about the web site; tips on using all the features available; and answers to your player-related questions from the "Gridiron Guru."   	[IMAGE]	Inside      ? The Top Performers   ? Audibles   ? Gridiron Guru   ? Tip of the Week

 [IMAGE]  [IMAGE]  [IMAGE]

    The Top Performers     Want to see where your players rank among the top scorers in your Fantasy league? Click Statistics, Player Scoring on the toolbar. Initially, you'll see a list of your players, in order of the top Fantasy point scorers this season. Choose All Teams and All Positions from the listboxes above the report to view every player in the league, ranked by Fantasy points, and see how your players stack up.

    Audibles     Are you searching for that key free agent to propel your team into playoff contention, or to solidify your team's position atop the standings? Let us help. Read Audibles every Wednesday in our Fantasy News area (click News, Fantasy News on the toolbar) for our recommended pickups and drops for the week.

    Gridiron Guru     Welcome to Gridiron Guru, where we'll answer your questions about players and offer Fantasy Football roster advice. We invite you to send your own scouting reports and comments on players to: gridguru@commissioner.com . You'll get the chance to be heard by thousands of Fantasy players just like yourself!

  Question - Kyle Buhler     My three running backs are: Corey Dillon, Warrick Dunn and Garrison Hearst. Which two should I start in week nine?    Answer - GG     Dillon is far too valuable to bench. That leaves Dunn and Hearst, and neither has been very reliable for Fantasy owners. We'd recommend Dunn based on the matchup. Hearst is facing a tough New Orleans defense that gave up only 66 yards rushing to Curtis Martin a week ago, while Dunn faces a Detroit unit that is allowing an astounding 146.9 rushing yards per game.

  Question - Charlie Oddo     Who should I start this week: Charlie Batch or Brian Griese?    Answer - GG     Batch had three straight solid games before stumbling badly this past weekend against San Francisco, and facing Tampa Bay doesn't bode well for his chances in week nine. He may also lose snaps to rookie Mike McMahon over the next few weeks, which is even more reason to avoid him. Griese hasn't been great, but he's still averaging close to two touchdown passes per game and is facing a San Diego secondary that has been very mediocre lately. The choice here is Griese, who is a much more reliable Fantasy QB than Batch, despite the fact that he's thrown nine interceptions in his last four games.

  Question - Matt MacLachlan     I need to pick one starter for a "flex" position (meaning any player on my roster can be used at this position.) Should I start Kevan Barlow, Kevin Johnson or Peerless Price?    Answer - GG     Barlow isn't getting enough carries (8.7 per game) to warrant serious Fantasy consideration at this time. Price has been unreliable for the most part, and facing a good New England secondary won't help his chances this week. Johnson has been the most consistent player of the three, especially over his last four games. Johnson has averaged 84.2 yards receiving and has four touchdowns over that span, and seems to be your best option.

    Tip of the Week      Pete Richards, Reading, PA: After a disappointing rookie campaign, Plaxico Burress is finally showing flashes of the talent he displayed at Michigan State. The emergence of Burress not only raises his own value as a Fantasy player, but it raises the stock of Jerome Bettis, Hines Ward and Kordell Stewart as well. Outside of Bettis, it's quite possible that Burress, Ward and Stewart are still available in many Fantasy leagues, and I feel that all three would make great midseason acquisitions.

  This message has been provided free of charge and free of obligation. If you prefer not to receive emails of this nature please send an email to remove@commissioner.com . Do not respond to this email directly.


Jean,

Congratulations on being team leader for the video.

Here are some ideas:

1.	A long winded VP drones on and on asking questions about an analyst that is not in his/her group while the camera flashes to other bored VP's.  It could start with sighs and rolling eyes then build to comical efforts to be put out of their misery. (gun to head or rope around neck)
2.	Include some digs at John Lavorato's quirks like always pulling up his shirt sleeves.

Just some ideas to get things started.  Obviously, the gas market is slow today.

Phillip


Marcus -

I understand you are the new physical power online lawyer - lucky you!
Here's one that the EOL people are anxious to get covered.  I'd be happy to
sit down and go over exactly what all this means and you'll probably want to
talk to Tana a bit as well.

Mark
----- Forwarded by Mark Taylor/HOU/ECT on 03/15/2001 09:53 AM -----

	Kevin Meredith@ENRON
	03/15/2001 09:30 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Re: Power Spread Long Description

Mark,

Please take a look at this and advise me as to how I could move this forward
for a Monday release.

Kevin
---------------------- Forwarded by Kevin Meredith/Corp/Enron on 03/15/2001
09:27 AM ---------------------------

SHARI STACK@ECT
03/13/2001 06:04 PM
To: Kevin Meredith/Corp/Enron@ENRON
cc: Chris Walker/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Robert B
Cass/HOU/ECT@ECT, Savita Puthigai/NA/Enron@Enron, Sean Crandall/PDX/ECT@ECT,
Elizabeth Sager/HOU/ECT@ECT

Subject: Re: Power Spread Long Description

Kevin- I apologize for not getting back with you on this. I don't know if you
know but I have resigned from Enron and have only a few days left. I am
swamped with a lot of other work and I have asked my boss, Elizabeth Sager,
to appoint a new atty to handle EOL matters (until Leslie Hansen returns).

She can be reached on x36349.

Thanks,

Shari Stack
Enron North America, Legal Department
Tel: (713) 853-9477

	Kevin Meredith@ENRON
	03/09/2001 10:52 AM

		 To: Shari Stack/HOU/ECT@ECT
		 cc: Melba Lozano/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Chris
Walker/HOU/ECT@ECT, Savita Puthigai/NA/Enron@Enron, Sean Crandall/PDX/ECT@ECT
		 Subject: Power Spread Long Description

Please review the following attachment containing the proposed long
description for the Physical Power Spread requested by Sean Crandall.  Sean
has reviewed and approved the language for use on his product.  I will be
setting this product up for testing once I receive word back from you.

Thank you.
Kevin


Karen and Steve:  Terrie James and I thought it appropriate to communicate the severance decision separately from vacation and the other benefits and community changes in the e-mail below, which we planned to send out tomorrow.  Due to the time line HR has planned for next week, we planned to send out the severance message Monday.  Can you give us some direction on this (see David's comment)?

On another note, what messages will the press release contain?  This came up a meeting Sarah and I had with the HR team today.

Thanks.

 -----Original Message-----
From: 	Oxley, David
Sent:	Tuesday, November 20, 2001 3:41 PM
To:	James, Terrie; Cash, Michelle; Clark, Mary; Johnson, Rick; Joyce, Mary; Barrow, Cynthia; Jones, Robert W.- HR Exec
Cc:	Olson, Cindy; Palmer, Lizzette; Sullivan, Kriste
Subject:	RE: Employee Memo re: Changes to HR Policy and Employee Programs

We need to make sure the vacation component is tied in with severance decision which we haven't yet concluded. We need PR to help with deciding how we package these things.
 -----Original Message-----
From: 	James, Terrie
Sent:	Tuesday, November 20, 2001 1:45 PM
To:	Cash, Michelle; Clark, Mary; Johnson, Rick; Oxley, David; Joyce, Mary; Barrow, Cynthia; Jones, Robert W.- HR Exec
Cc:	Kalmans, Elyse; Kimberly, Kelly; Olson, Cindy; Palmer, Lizzette; Palmer, Sarah; Tobor, Rachael; Sullivan, Kriste
Subject:	Employee Memo re: Changes to HR Policy and Employee Programs

The attached memo is to be distributed to all US-based employees this afternoon.  We've opted to include the various changes to HR policies and employee programs in one consolidated memo to reduce the number of negative e-mails employees receive over the next few weeks.  Please review at your earliest convenience and provide changes to me.  If  I do not receive changes from you by 3:30 p.m. today, I will assume you have none.

Thanks for your prompt reply,
Terrie James
Ext. 3-7727
EB4528
terrie.james@enron.com <mailto:terrie.james@enron.com>

 << File: Policy change notice DRAFT.doc >>


Allan Zaremberg, President of the California Chamber of Commerce, met
with John Burton to discuss energy.  One of the items which John Burton
brought up to Allan was Bob Hertzberg's core/non-core proposal.
According to the Chamber, Burton is interested in the concept and wants
to get Allan's thoughts.  The Chamber is very interested in hearing more
about the proposal which they attribute to Enron and would like
documentation.  Could someone please forward the appropriate documents
to me.  I also suggested that the Chamber and Enron circle back to
discuss the item in greater detail as soon as possible.


We are up this week due to a couple of reasons.  The Index Price increased to
$5.37 and T.K. negotiated an IT deal for 11/30 for 10,000 @ $14.00.

Please call if you have any questions (53858).


BUSINESS HIGHLIGHTS

Weather Group

Let,s give a big round of applause to the Weather Team!  Environmental
Finance Magazine ranked the weather group #1 in Online Services and #1 Dealer
in the United States and Europe.  Gary Taylor, manager in weather trading,
comments, "The "Best Dealer" award reflects our counterparties' appreciation
for the significant effort we have made to drive the growth of our market by
making two-sided markets where other companies are only willing to quote
either a bid or an offer.  This award also reflects the innovative nature of
everyone on our desk, and their ability to price non-standard structures for
our customers.  It is truly a team award.  The "Best Online Dealer" award is
simply another testament to the unparalleled success of EnronOnline.  By
providing tight, two-way markets online, we have provided two critical
elements to generate growth in our market: 1) an element of price discovery,
and 2) a quick and easy way to transact."

The Weather Risk Management group launched a new product this week:  Power
Demand swaps.  These contracts use power demand as an index and allow power
market participants (generators, btu distributors, marketers, etc...) to
mitigate volumetric exposures.  The first contract the desk offered is for
the PJM power pool.  On EnronOnline, weekly swaps are available and the desk
has placed option contracts on this index in the broker market.  Inquiries
regarding this product should be directed to Claudio Ribeiro (product
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.

Competitive Analysis and Business Controls
eSource, Enron's premier corporate-wide research group, launched their new
intranet product, eSearch, on December 1, 2000.  eSource's team of
specialized researchers have created a web site to bring information and
research to every employee's desktop.  The eSearch web site offers many links
to information resources, access to research databases, specialized searches,
sites to purchase books, articles, and reports, and training.  Employees can
use the web site to conduct their own research or as a vehicle to submit
research requests.  eSource's researchers and industry specialists are
available to all Enron business units to provide timely and cost efficient
research, to work with individuals or groups to fulfill one time research
requests, or to design ongoing, customized monitoring projects or news
updates.

Enron Global Markets Fundamentals
EGM Fundamentals is quickly building a team of expert analysts and associates
to work directly with traders and marketers.  The team is already busy
analyzing various commodities and market situations.  For example, an
initiative is underway to analyze current negative fractionation spreads in
the market resulting from rising natural gas prices.  Web sites to host this
analytical information are currently in development for all EGM commodities.
These sites will provide research and analysis, weather, publications, and
any other information that will assist in decision-making or identification
of potential commercial opportunities.  For questions or requests regarding
fundamental research, contact Jennifer Fraser at x34759.  For questions or
suggestions regarding the web sites, contact Heather Purcell at x54057.

Austin Energy
Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North America
broke ground November 29, 2000 for the construction of the Sand Hill Energy
Center, a 180-megawatt peaking electrical generation facility.  Located in
eastern Travis County, the Sand Hill Energy Center will be a natural gas
fired facility that will operate primarily during peak demand periods.  The
$93.7 million project will feature four 45-megawatt General Electric gas
turbines and will be operational May 1, 2001.

NEWS FROM THE GLOBALFLASH

Coal
The London dry cargo seafreight team traded 1 million metric tonne of
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The deal
was created by combining OTC options and a physically related cash market
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy company
Graninge.  According to the agreement, Graninge will deliver electricity to
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's
Utgrunden off-shore wind park, completed this year, will generate in the
region of 38,000 megawatt hours of electricity, or enough for around 6,000
average homes between the mainland and the island of Oland on the southeast
tip of Sweden.  In an announcement this week, Graninge stated that it plans
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course of
its first year, EnronOnline has passed a number of milestones including the
addition of a range of new functionalities for customers on the site.
EnronOnline has now come of age, having surpassed the $274 billion mark in
notional value in November.  This represents a total of 478,695 transactions
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to
EnronOnline in Europe.  A team from Reuters was invited into Enron House to
receive a full demonstration of EnronOnline and as of today will be able to
quote in reports live prices from EnronOnline.  Other media outlets are being
invited to obtain guest access during the coming weeks as the word of
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role.
Elliott Katz worked on the GEM migration in Singapore last week with an IT
team from London, Oslo and Singapore.  Approximately 40 users, including
Traders, were migrated to Windows 2000 and the CORP domain.  This is an
important step for the Asia Pacific region, as it brings the three biggest
offices (Singapore, Sydney and Tokyo) into line with corporate standards for
desktop computing.

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announced
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industrial
area  in northern Japan.   A feasibility study will be undertaken to define
how the project will go forward and this may include the development of an
LNG terminal in the vicinity.  The nature of the permitting process is such
that the plant would not begin operations for six to seven years.  This
project is just one of several options that E-Power are working on in Japan.

NUGGETS & NOTES

&Go Big or Go Home8 ) Mike McConnell/President & CEO-EGM

"Call Back" - Don Schroeder, VP/Crude Trading-EGM

REMINDER

Holiday Party
Enron North America, Global Markets and Industrial Markets
Enron Field
Saturday, December 9
7:00 - Midnight

WELCOME
New Hires ENA/EIM/EGM
ENA ) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Churbock,
Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri
Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia
English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
EGM )Ellen Alexander, Mike Perun

Transfers to ENA/EIM/EGM
ENA ) Gregory Golden
EGM ) Keynan Dutton

FROM THE EDITORS

Thank you to all the contributors to this week's EnTouch.  We want to hear
from the various departments within Enron Americas, Global Markets and
Industrial Markets!  Please continue to send your business highlights,
nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.

LEGAL STUFF

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


... and retirement.  I resigned on Friday but it won't be effective until Feb
28.  Check out the cabinet I made.

Love

Rob


At the request of Georganne Hodges, you are invited to attend a meeting to discuss the Balance Sheet on Wednesday, January 23, 2002 at 10:00 a.m. in Wes Colwell's office (ECS 06764).

	Please give me a call if, you are unable to attend.  Thank you!

Ren?e Ingram Carter
EWS Wholesale Services
713-853-4866


<http://www.smartmoney.com>	 Search

 Delayed Quote RT Quote Charting Earnings Ratings Competition Key Ratios Financials Insiders Go
TOOLS <http://lists.smartmoney.com/UM/T.asp?A1.6.213.1.304851>	   <http://www.smartmoney.com/shared/images/spacer.gif>	MAPS <http://lists.smartmoney.com/UM/T.asp?A1.6.213.2.304851>	   <http://www.smartmoney.com/shared/images/spacer.gif>	STOCKS <http://lists.smartmoney.com/UM/T.asp?A1.6.213.3.304851>	   <http://www.smartmoney.com/shared/images/spacer.gif>	FUNDS <http://lists.smartmoney.com/UM/T.asp?A1.6.213.4.304851>	   <http://www.smartmoney.com/shared/images/spacer.gif>
PERSONALFINANCE <http://lists.smartmoney.com/UM/T.asp?A1.6.213.5.304851>	   <http://www.smartmoney.com/shared/images/spacer.gif>
ECONOMY& BONDS <http://lists.smartmoney.com/UM/T.asp?A1.6.213.6.304851>
  <http://www.smartmoney.com/shared/images/spacer.gif>

  At the End of the Day
Today's Market

DJIA	 9959.71	  UP <http://www.smartmoney.com/shared/images/arrowup.gif>	125.03
Nasdaq	 1903.18	  UP <http://www.smartmoney.com/shared/images/arrowup.gif>	28.13
S&P 500	 1150.31	  UP <http://www.smartmoney.com/shared/images/arrowup.gif>	13.28
Rus 2000	 458.42	  UP <http://www.smartmoney.com/shared/images/arrowup.gif>	6.11
10 Yr Bd	 5.01	  DOWN <http://www.smartmoney.com/shared/images/arrowdown.gif>	-.01
DJTA	 2534.90	  UP <http://www.smartmoney.com/shared/images/arrowup.gif>	49.30
FTSE 100	 5293.20	  DOWN <http://www.smartmoney.com/shared/images/arrowdown.gif>	-52.70
H. Seng	 11322.30	  UP <http://www.smartmoney.com/shared/images/arrowup.gif>	69.00
Nik. 225	 10696.80	 -	 0.00
DAX	 5053.80	  DOWN <http://www.smartmoney.com/shared/images/arrowdown.gif>	-61.89

This Week's Sectors

Health Care 2.71 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Financial 2.01 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Technology -0.77 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Consumer Cyclicals 1.49 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Communication -1.09 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Consumer Staples -0.53 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Capital Goods 0.82 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Energy 3.03 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Basic Materials 3.54 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Utilities -0.62 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>	 Transport 1.18 % <http://lists.smartmoney.com/UM/T.asp?A1.6.213.7.304851>

(Mouse over for detail,
click to launch
Weekly Map of the Market)
November 23, 2001

Top Stories

  <http://www.smartmoney.com/framework/images/spacer.gif>
 <http://lists.smartmoney.com/UM/T.asp?A1.6.213.8.304851>Tax Matters
Give Your Estate Plan a Year-End Checkup <http://lists.smartmoney.com/UM/T.asp?A1.6.213.8.304851>
By Bill Bischoff
New, more generous rules take effect on Jan. 1. Fixing your will now could save your heirs tons of taxes.
  <http://www.smartmoney.com/framework/images/spacer.gif>
Stock Watch
Where Are They Now? <http://lists.smartmoney.com/UM/T.asp?A1.6.213.9.304851>
By Matthew Goldstein
Back in June, we identified the 25 best-performing stocks of the year. Some of them are still going strong.
  <http://www.smartmoney.com/framework/images/spacer.gif>
Me and My Money
Pinching Pennies With Pat <http://lists.smartmoney.com/UM/T.asp?A1.6.213.10.304851>
By Matthew Heimer
Former Democratic firebrand Pat Schroeder and her husband always lived frugally. But they still had a lot of catching up to do as retirement loomed.

More Articles <http://lists.smartmoney.com/UM/T.asp?A1.6.213.11.304851>

Advertisement
  <http://www.smartmoney.com/email/images/hartford120.gif>	Save on Auto Insurance.
It's easy to save up to $250 on quality Auto Insurance from The Hartford.
Click here <http://lists.smartmoney.com/UM/T.asp?A1.6.213.12.304851> for a free online quote or to find a local Hartford agent.

Mutual Fund News

  <http://www.smartmoney.com/framework/images/spacer.gif>
Fund FAQs
This Season, Give a Mutual Fund <http://lists.smartmoney.com/UM/T.asp?A1.6.213.13.304851>
By Dawn Smith
What are my options for opening a mutual-fund account for my newborn niece? How much can I give her each year?
  <http://www.smartmoney.com/framework/images/spacer.gif>
The Pro Shop
Seoul Man <http://lists.smartmoney.com/UM/T.asp?A1.6.213.14.304851>
By Dawn Smith
Mark Headley's Matthews Korea fund boasts year-to-date returns of 52%. That ain't kimchi.

More Articles <http://lists.smartmoney.com/UM/T.asp?A1.6.213.15.304851>

Advertisement

Please be our guest at the Investment Expo December 1-2 at the Fontainebleau in Miami Beach! Attend 40 seminars and visit 85 exhibits and learn about the most innovative products and services available in the marketplace today. Keynotes Allan Chernoff CNNfn and Robert Kiyosaki, Author Rich Dad, Poor Dad. For more information www.investmentexpo.com.

Personal Finance Features

  <http://www.smartmoney.com/framework/images/spacer.gif>
Now What?
Is It Time to Dump Your Fund? <http://lists.smartmoney.com/UM/T.asp?A1.6.213.17.304851>
By Stephanie AuWerter
We've all got losses this year. But that doesn't necessarily mean you should say goodbye. Here are four good (and four not-so-good) reasons to sell.
  <http://www.smartmoney.com/framework/images/spacer.gif>
Today's Topic
Mutual Attraction <http://lists.smartmoney.com/UM/T.asp?A1.6.213.18.304851>
Whatever your reasons for investing, there's a mutual fund to meet your needs.

More Articles <http://lists.smartmoney.com/UM/T.asp?A1.6.213.19.304851>

Insurance Center <http://lists.smartmoney.com/UM/T.asp?A1.6.213.20.304851>
The one place where you can get multiple insurance quotes and apply directly for a loan. Your source for the best quotes on auto, health and disability, home owners and life insurance, and annuities.
http://www.smartmoney.com/marketplace/index.cfm?story=insurance <http://lists.smartmoney.com/UM/T.asp?A1.6.213.21.304851>

 SmartMoney Magazine <http://www.smartmoney.com/mag/images/cover_retire.gif>Free Gift For Gift Givers
Take this special, limited-time offer to give SmartMoney magazine at our lowest gift rate, 12 issues for $15, and receive the new "hot-off-the-press" SmartMoney Retirement Guide with your paid order. We'll also send Free gift cards to announce your gift of SmartMoney, the only magazine of personal business from The Wall Street Journal. For details visit:
SmartMoney Gift Subscription <http://lists.smartmoney.com/UM/T.asp?A1.6.213.22.304851>

Free Retirement Guide
Receive our FREE, "hot-off-the-press" Retirement Guide with your subscription to SmartMoney: The Wall Street Journal Magazine of Personal Business.
Plus, this limited-time offer is at our low-direct-to-public rate, 12 issues for just $15!
The editors of the Wall Street Journal have packed the new SmartMoney Retirement Guide with all the basics you need in concise, everyday language.
Don't miss it:
Subscribe to SmartMoney <http://lists.smartmoney.com/UM/T.asp?A1.6.213.23.304851>

  <http://www.smartmoney.com/email/images/spacer.gif>

If you have any questions or problems, please email us at: helplist@smartmoneylist.com <mailto:helplist@smartmoneylist.com>

You have received this email because you have opted-in to receive information from SmartMoney.com.
To unsubscribe from this mailing please follow this link <http://lists.smartmoney.com/UM/T.asp?A1.6.213.24.304851.ListID=8&action=leave&email=rick.buy@enron.com&ListName_8=SmartMoney%20Weekly%20On%20The%20Street>.
To change your preferences, visit our site at http://www.smartmoney.com/mailinglist <http://lists.smartmoney.com/UM/T.asp?A1.6.213.25.304851>.
If you're having difficulties viewing this newsletter, you should change your preferences to "Text" at the above URL.

  <http://www.smartmoney.com/shared/images/spacer.gif>	  <http://www.smartmoney.com/shared/images/spacer.gif>

  <http://www.smartmoney.com/shared/images/spacer.gif>
Select the Best <http://lists.smartmoney.com/UM/T.asp?A1.6.213.26.304851>
SmartMoney Select's Stock Screener <http://lists.smartmoney.com/UM/T.asp?A1.6.213.26.304851> lets you pick winners using the proven formulas of our weekly stock screen, or fashion your own strategy with the help of the powerful stock screener. Sign up today for a free two-week trial! <http://lists.smartmoney.com/UM/T.asp?A1.6.213.26.304851>

  <http://www.smartmoney.com/shared/images/spacer.gif>

 <http://lists.smartmoney.com/UM/T.asp?A1.6.213.27.304851>

  <http://www.smartmoney.com/shared/images/spacer.gif>
What Are You Really Worth? <http://lists.smartmoney.com/UM/T.asp?A1.6.213.28.304851>
From your car to your car loan, we'll help you balance the books with our Net Worth Caluclator <http://lists.smartmoney.com/UM/T.asp?A1.6.213.28.304851>.

  <http://www.smartmoney.com/shared/images/spacer.gif>
  <http://www.smartmoney.com/shared/images/spacer.gif>	  <http://www.smartmoney.com/shared/images/spacer.gif>	  <http://www.smartmoney.com/shared/images/spacer.gif>	  <http://www.smartmoney.com/shared/images/spacer.gif>	  <http://www.smartmoney.com/shared/images/spacer.gif>
  <http://www.smartmoney.com/shared/images/spacer.gif>
Smartmoney.com Week On The Street
SmartMoney.com ? 2001 SmartMoney.
SmartMoney is a joint publishing venture of Dow Jones & Company, Inc. and Hearst Communications, Inc.

  <http://www.smartmoney.com/shared/images/spacer.gif>	  <http://www.smartmoney.com/shared/images/spacer.gif>	  <http://www.smartmoney.com/shared/images/spacer.gif>


Kimmy!
Que paso chica!
I have been meaning to call you but have  been swamped!  Did you get Trisha's invite to Chicago for the Halloween  Weekend?  Want to see if you still want to come next weekend - got it on my  calendar!!!!
Call when you get a chance!
Take care,
MJ :)
----- Original Message -----
From:  Ward, Kim S  (Houston)
To: Angie Conner (E-mail)  ; Cathy Pocock  (E-mail)  ; Cindy Tarsi (E-mail)  ; Elizabeth Jordan (E-mail)  ; Eric  Strickland (E-mail)  ; Gayleen Barrett (E-mail)  ; Harriet Turk  (E-mail)  ; Linda Ward  Elam (E-mail)  ; Mary Beer (Ellen) (E-mail)  ; Wes Kersey  (E-mail)  ; Yonnie Waller (E-mail)  ; Jerry  Ward (E-mail)
Sent: Tuesday, October 02, 2001 3:02  PM
Subject: FW:
This is cute.
>  -----Original  Message-----
> From: Miller, Stephanie
> Sent: Tuesday,  October 02, 2001 4:41 PM
> To: Bronstein, Mara; Ward, Kim S  (Houston)
> Subject: FW:
>
>
>
>   -----Original Message-----
> From: "O'Toole, Sharon" <Sharon.OToole@ElPaso.com>@ENRON
>  [mailto:IMCEANOTES-+22O+27Toole+2C+20Sharon+22+20+3CSharon+2EOToole+40
>  ElPaso+2Ecom+3E+40ENRON@ENRON.com ]
> Sent: Tuesday, October 02, 2001 4:04 PM
> To: 'Amy Wood';  'Blanca Daugherty'; Chance, Debbie; 'Diane Covert';
> 'Fran Russell';  'Gloria Moore'; Roberts, Linda; 'Lisa Lander'; 'Martha
> Senf'; 'Selena  P-Home'; 'Stacey N-Home'; Miller, Stephanie
> Subject: FW:
>
>
>
>  ******************************************************************
>  This email and any files transmitted with it from the ElPaso
>  Corporation are confidential and intended solely for the
> use of the  individual or entity to whom they are addressed.
> If you have received  this email in error please notify the
> sender.
>  ******************************************************************
>   - gift.pps <<gift.pps>>
**********************************************************************
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.
**********************************************************************


How much?

 -----Original Message-----
From: 	Calger, Christopher F.
Sent:	Friday, October 26, 2001 4:20 PM
To:	Kitchen, Louise
Subject:	Longview DASH

Louise,

Chip will want to talk with you about the Longview equipment.  We are circulating a DASH to enable us to continue making payments.  If we do not continue to make payments, we forfeit the equipment and take a $23MM hit.  This is approximately 35% of the total equipment contract.  I think the equipment is worth more (than 65%) and I believe that we will get out of this problem with less than a $22MM hit.  I therefore recommend that we commit the extra $ for this equipment.  It will continue to be funded off B/S.

We continue to have discussions/negotiations with Calpine, NRG and TransAlta.  We have also opened up general equipment discussions with Mirant and AES.

Regards,

Chris Calger
503-464-3735


Email sent by Lisa Lunz x35634


Thanks a lot for getting that going, John. I'm sure it'll make Carla happy
not to have my mistakes under her name anymore.

Kate


---------------------- Forwarded by Karen Denne/Corp/Enron on 11/17/2000
04:56 PM ---------------------------

Eric Thode
11/17/2000 10:26 AM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: Draft letter to the CPUC

Here's the letter to the CPUC....

---------------------- Forwarded by Eric Thode/Corp/Enron on 11/17/2000 10:26
AM ---------------------------
From: Richard B Sanders@ECT on 11/17/2000 10:19 AM
To: Eric Thode/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron
cc:

Subject: Draft letter to the CPUC

----- Forwarded by Richard B Sanders/HOU/ECT on 11/17/2000 10:19 AM -----

	"Meringolo, Peter" <PMeringolo@brobeck.com>
	11/16/2000 03:27 PM

		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>,
"'msmith1@enron.com'" <msmith1@enron.com>, "'Mary.Hain@enron.com'"
<Mary.Hain@enron.com>, "'David_Aamodt@pgn.com'" <David_Aamodt@pgn.com>,
"'Christian.Yoder@enron.com'" <Christian.Yoder@enron.com>, "'mday@gmssr.com'"
<mday@gmssr.com>, "Fergus, Gary S." <GFergus@brobeck.com>, "Stephen C. Hall
(E-mail)" <schall@stoel.com>
		 cc:
		 Subject: Draft letter to the CPUC

Please let either Gary or me know your thoughts and comments regarding the
below draft letter to the CPUC.

Thanks,

Peter

> PRIVILEGED AND CONFIDENTIAL
> ATTORNEY CLIENT COMMUNICATION
> ATTORNEY WORK PRODUCT
>
>
>
> Harvey Morris Esq.
> California Public Utilities Commission
> 505 Public Utilities Commission
> San Francisco, California   94102
>
>  Re:   I.00-08-002  Subpoenas Served on Enron Power Marketing, Inc.
> ("EPMI"), Enron Energy Services Operations Inc. and Enron Energy Services
> Inc. (collectively referred to as "EES"), Enron Energy Marketing
> Corporation ("EEMC"), and Portland General Electric Corporation ("Portland
> General")(collectively sometimes referred to as the "Enron Entities")
>
> Harvey,
>
>  I am writing in response to the various voicemail exchanges and
> phone calls between Michael Day, on behalf of the Enron Entities, and
> yourself during the past few weeks.  Here is the current status as we
> understand it.  Based upon the agreements we reached between October 6,
> 2000 and October 18, 2000 (date of your confirming email) the Enron
> Entities have made the following document productions in response to the
> subpoenas served by California Public Utilities Commission (the
> "Commission"):
>
> * October 13, 2000  Bate Nos. Enron Entities 000001-000025 on behalf
> of all Enron Entities Responsive to Request Nos. 1-11, 20.
>
> * October 27, 2000 Bate Nos. P000001-002115 on behalf of Portland
> General Responsive to Request Nos. 12, 14, 16 and 18.
>
> * November 14, 2000 Bate No. Enron Entities 000026 (Diskette with
> EES/EEMC retail data) Responsive to Request Nos. 7 to 11, 13, 15 to 17,
> and 19.
>
> * November 15, 2000 Bate No. P002116-002117 (Diskettes with Portland
> General Data, which include approximate 355,000 wholesale transactions)
> Responsive to Request Nos. 7 to 11, 13 to 17, and 19.
>
> We believe with these productions, we have complied with the October
> 6-18th agreement with respect to Portland General and EES/EEMC.  As you
> know, these productions were all made reserving the Enron Entities rights
> to object or challenge the subpoenas and reserving any claims, defenses,
> objections, jurisdictional or otherwise, or other responses.
>
>  We originally had hoped to have all of the Transactional Data for
> EPMI, as defined in our October 6th email, available for production by
> October 27th.  However, we were also mindful of your expressed expectation
> that any data provided be useful and reliable.  The collection of data you
> requested in the subpoenas is neither kept electronically in the same
> location nor organized as you requested it.  In fact during our review of
> some of the data we found significant errors that called into question the
> methodology by which the data was extracted from existing information.
> When it became apparent that we could not accurately estimate how long it
> would take to get reliable data given the volume of transactions involved,
> we informed you of the problem.  We now understand that if we cannot give
> you a firm date when the balance of the Transactional Data will be
> available, the Commission believes it will have no choice but to seek to
> compel production before the Federal Regulatory Energy Commission
> ("FERC").  We understand the pressure that you must be under to get data
> immediately, but we cannot, at this time, give you another date in the
> immediate future by which we are certain that we will be able to produce
> accurate data.
>
>  Moreover, during the iterim between October 18th and today, a number
> of significant events have occurred that we believe bear on the subpoenas
> served on the Enron entities.  First, we understand that many other
> parties who were served with the same subpoenas have not provided the
> detailed information requested and have objected on a variety of very
> sound legal grounds.  Second, the Commission itself has, without a hearing
> on the motion, unilaterally revised the proposed protective order that is
> supposed to govern these productions and summarily denied other changes
> sought by other parties served.  Third, the Commission has filed its
> motion before FERC seeking an order compelling the production of the data
> from those other parties that have objected and seeking an expedited
> hearing and production schedule.  We note that the reasons stated in the
> motion before FERC as the basis for the production are materially
> different than the reasons originally stated in the ex parte application
> to the Commission's own Administrative Law Judge who issued the subpoenas.
> Finally, FERC itself has completed its investigation and has issued a
> tentative order as of November 1, 2000.
>
>  Originally, the Enron Entities had been prepared to accept "most
> favored nation" treatment with respect to protective orders and requests
> by others to limit the scope of the subpoenas and produce information that
> was available.  However, given both the Commission's stated urgent need
> for an immediate answer that EPMI cannot in good faith give despite
> substantial effort (date for production of reliable and accurate
> Transaction Data) and the uncertainty created by the above described
> intervening events, EPMI believes it has no choice but to serve its formal
> objections and responses to the subpoenas and await the Commission's
> threatened motion to compel before FERC.
>
>  We also understand from our discussions with you that the Commission
> has created various lists or categories for the entities that have been
> served with subpoenas.  We understand that there is a list for those
> entities that have been cooperating, a list for those who have been
> delaying and a list for those who have been objecting and exercising their
> rights to challenge the subpoenas.  We understand that the Commission
> intends to punish, by whatever means it has available, those entities that
> object and exercise their rights to challenge the subpoenas.  We deplore
> these tactics, but despite all of the efforts to cooperate described
> above, we understand that EPMI may in fact be moved from the cooperating
> list to the group to be punished for exercising its rights.
>
>  If you have and questions or comments, please do not hesitate to
> contact me.
>
>         Sincerely,
>
>
>
>         Gary S.
> Fergus

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


can you unarchive post id 1280448.  Thanks.
PL


Great--Texans know the difference between a dog and a bird.  Still unclear
whether they recognize the distinction between a hen and a hun!!!  (Read
John's email more carefully!)  Of course, at Pheasant Haven you can shoot
both (and probably the dogs too) so the difference doesn't matter.  Kevin,
I've been thinking about your original reqeust and may need to exercise the
Legal Dept. veto.  These customers of yours are the same ones that can't
drive a jet ski without paramedics around, right?  And now you want them
wandering around Nebraska heavily armed???  What the hell are you thinking?
DF

Kevin Hyatt
09/08/2000 12:32 PM
To: John Dushinske/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON

Subject: Re: Customer Outings

Tell you what, just to make sure I can tell the difference between the lab
and the Hen, I'll bring my own Lab!  Besides, when I hunted there last, we
couldn't shoot hens.

PS-- I have my personal duck lease down here that we can also make
available.  There are overnight quarters if we need them.  (Last year we took
over 600 ducks off the properties).
KH

John Dushinske
09/07/2000 03:03 PM
To: Drew Fossum/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron
cc: Rosemary Gracey/ET&S/Enron@ENRON
Subject: Re: Customer Outings

Drew - Depends if they can recognize the difference between a Lab and a Hun.
 We just received the renewal notice for 2000/01.  I recommended to Dave N.
that we renew the membership.
 I will ask Rosemary to give both of you notice when she gets the approval
from Dave.
 Once approved we would be happy to help set up outings.

Thanks.  John


No, he thinks he is God's gift to contracts.

From: Suzanne Adams@ECT on 06/06/2001 09:08 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: RE: Weekly GE Conference Call

Is this his attempt at humor because he is on the email list.  I told them
you are on vacation, but they still want to have the call.

	Kay Mann@ENRON
	06/06/2001 07:36 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: RE: Weekly GE Conference Call

Sometimes John forgets that he is not a lawyer.
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 07:36
AM ---------------------------

Kay Mann
06/06/2001 07:31 AM
To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: RE: Weekly GE Conference Call

 Next time you vote for me, please copy me on the email.

Kay

From: Scott Dieball@ENRON_DEVELOPMENT on 06/05/2001 05:44 PM
To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Suzanne Adams/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron

Subject: RE: Weekly GE Conference Call

Vacation???  I've heard that tomorrow at the staff meeting Mark H. will be
rolling out the new policy of eliminating all vacation for ENA legal folks.

	John G Rigby
	06/05/2001 03:08 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: RE: Weekly GE Conference Call

Lets continue without Kay.  I think this call will be focusing on the
documents sent out already.

	Suzanne Adams@ECT
	06/05/2001 02:42 PM

		 To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: RE: Weekly GE Conference Call

Kay will be on vacation Thursday and Friday.  Can the call go on without
her?  Same time, 1:30 p.m. CDT?  Let me know please.

	John G Rigby@ENRON_DEVELOPMENT
	06/05/2001 02:25 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: RE: Weekly GE Conference Call

lets make the change- GE cannot make it wednesday- plus the extra day gives
both GE and us time to review the exhibits and the new T&C draft.  given that
Sheila is in her "hostage situation", the other key person is Kay.   Thanks.

	Suzanne Adams@ECT
	06/05/2001 12:02 PM

		 To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: RE: Weekly GE Conference Call

John, I'm not going to change the call to Thursday until I hear from you to
make sure you guys want it that way.  Thanks, Suzanne

	John G Rigby@ENRON_DEVELOPMENT
	06/05/2001 11:17 AM

		 To: stephen.swift@ps.ge.com@ENRON
		 cc: Ben.Jacoby@enron.com, Bill.Williams@enron.com, Ed.B.Hearn.III@enron.com,
John.G.Rigby@enron.com, john.schroeder@ps.ge.com, kay.mann@enron.com,
kent.shoemaker@ae.ge.com, Lisa.Bills@enron.com, michael.barnas@ps.ge.com,
Roseann.Engeldorf@enron.com, Scott.Dieball@enron.com, Sheila.Tweed@enron.com,
Suzanne.Adams@enron.com
		 Subject: RE: Weekly GE Conference Call

Changing to Thursday works better for Scott Dieball, John Rigby and Peter
Thompson.

	stephen.swift@ps.ge.com
	06/05/2001 08:49 AM

		 To: Suzanne.Adams@enron.com, Sheila.Tweed@enron.com, Ben.Jacoby@enron.com,
Lisa.Bills@enron.com, Roseann.Engeldorf@enron.com, Scott.Dieball@enron.com,
michael.barnas@ps.ge.com, kent.shoemaker@ae.ge.com, kay.mann@enron.com,
john.schroeder@ps.ge.com, Bill.Williams@enron.com, Ed.B.Hearn.III@enron.com,
John.G.Rigby@enron.com
		 cc:
		 Subject: RE: Weekly GE Conference Call

Any chance of postponing until Thursday afternoon - same time?

Steve

-----Original Message-----
From: Suzanne.Adams@enron.com [mailto:Suzanne.Adams@enron.com]
Sent: Monday, June 04, 2001 7:09 PM
To: Sheila.Tweed@enron.com; Ben.Jacoby@enron.com; Lisa.Bills@enron.com;
Roseann.Engeldorf@enron.com; Scott.Dieball@enron.com; Swift, Stephen L
(PS, CommOps); Barnas, Michael C (PS, Legal); Shoemaker, Kent (GEAE);
kay.mann@enron.com; Schroeder, John H Jr (PS, Sales);
Bill.Williams@enron.com; Ed.B.Hearn.III@enron.com;
John.G.Rigby@enron.com
Subject: Weekly GE Conference Call
Importance: High

The weekly conference call will take place at 1:30 p.m. CDT on Wednesday,
June 6, 2001.  EB38C1 has been reserved for those of you in Houston.

Dial In:       1-888-285-4585

Participant:   536220

Host:          121970 (Sheila)


Dear JASON WOLFE,

Congratulations on opening your Ameritradec account!
You,re well on your way to becoming a self-directed
investor.

Your account opening bonus, "13 Steps to Investing
Foolishly" by the Motley Foolc is waiting for you.
To download your FREE copy, simply click on the link
below and follow the instructions that appear on your
screen.http://www.ameritrade.com/html/13steps.fhtmlOnce again,
congratulations and thank you for
choosing Ameritrade.

Ameritrade, it,s how you get somewhere on Wall
Street.(sm)

Member SIPC.  Ameritrade is a registered service mark
of Ameritrade Holding Corporation. Copyright (c) 2001
Ameritrade, Inc. All rights reserved. The Motley
Foolc is a registered trademark of The Motley Fool,
Inc. (C)13 Steps to Investing Foolishly is a
copyright of The Motley Fool, Inc.
ATI 798 E-M 03/01

[IMAGE]


Attached is the revised org chart.


FYI
---------------------- Forwarded by Alan Comnes/PDX/ECT on 04/13/2001 02:38
PM ---------------------------

Alan Comnes
04/13/2001 01:50 PM
To: gfergus@brobeck.com, Tim Belden/HOU/ECT@ECT, rcarroll@bracepatt.com, Ray
Alvarez/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON
cc:

Subject: Fw: Fact sheet re: Cal ISO study

From the Bonneville Power Administration:
>
> > This fact sheet addresses statements in a recent L.A. Times article
> > asserting that BPA, among others, manipulated prices on the California
> > electricity market.
> >
> > AEs, CAEs and other BPA staff may distribute the fact sheet to outside
> > parties as you believe appropriate.
> >
> >                       <<CA_sales_TP3.doc>>
> >
> > For additional information, contact Steve Oliver at (503) 230-3295.
>

 - CA_sales_TP3.doc


---------------------- Forwarded by John Arnold/HOU/ECT on 11/09/2000 03:54
PM ---------------------------

"Mancino, Joseph (NY Int)" <JMANCINO@edfman.com> on 11/09/2000 08:32:32 AM
To: "'jarnold@enron.com'" <jarnold@enron.com>
cc:
Subject: ACCESS Trades for 11/09/00

Here are the trades executed on ACCESS last night:

S   50   Z     5350
S   50 Z    5335

B   9   Z   5330
B   2   Z   5320
B   4   Z   5322
B   6   Z   5323
B   5   Z   5345
B   10  Z   5355
B   3   Z   5355
B   5   Z   5358

B   100   Z   5323
S   100   F   5369

Joseph Mancino
E.D. & F. Man International
(212)566-9700


Attached please find Southwest Gas Corporation's Motion for Late-Filed Reply
Brief and its Reply Brief in the Gas Restructuring Investigation.

If any party would like hard copy by expedited overnite service, please
contact Keith Brown at 702.876.7157 or by reply email.

 - SWGMotion.wpd
 - SWGReplyBrief.wpd


Hi Ashley!  A couple of things.  First of all, my new renter, Doug, wonders
whether he can just call the utilities & phone and transfer from his name to
yours (rather than you cancelling and him having to pay any re-hookup fees
that may apply).   I don't know how it would work; maybe he could conference
you in when he makes the calls.  For what it is worth, he is a very nice guy
to deal with, but it is totally up to you and I really don't care one way or
the other.

Also, I'm having someone come clean the place so you needn't worry about it,
in case you were wondering.  I will take care of it (it looks pretty clean
anyway!).

Please let me know your new address and I will send you your deposit refund
next week.

Merci!

Susan


---------------------- Forwarded by Kay Mann/Corp/Enron on 02/04/2001 07:06
PM ---------------------------

Fred Mitro@ECT
02/01/2001 08:41 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: SPA- Comments

Kay:

I don't see a problem with reaching agreement on one form (Kendall LLC) and
then duplicating it for the Titan project if we transact on both.

I am expecting a call this morning from PSEG's developer to discuss site
visit(s) and the due diligence binder(s).  I believe that they are serious on
moving forward on the Kendall project.  I will determine their interest in
transacting on the Titan project.

Since we are not asking for any money down, I would like to be able to keep
marketing the sites until the transaction closes.

It is still unclear to me how the closing would go on this deal.  Would they
sign the SPA and wire the money simultaneous with our signing over the LLC
member interests or would these events occur on two different dates?  Let me
know how you see it happening.  It seems to me that we could make it all
happen at one time.

On the NRG call, I am waiting to hear back from NRG.  Based on my discussions
with them yesterday, Friday is looking like a tough day for the call (Ben is
unavailable in the afternoon and the NRG guys are travelling in the
morning).  Either it will happen Friday afternoon without you/Ben (commercial
issues only) or we will set it up for Monday.

Fred

Kay Mann@ENRON
01/31/2001 07:42 PM
To: Fred Mitro/HOU/ECT@ECT
cc:
Subject: Re: SPA- Comments

Fred,

If we have the same purchaser for both, it would be a lot easier to agree to
the form, then duplicate it.  Do you see any problem with this? I will have
to have the electronic form emailed to me, then I can make the changes.  I
brought the hard copy, but I don't have access to the electronic form. Have
they indicated if they want to go forward with this, or are they still
kicking tires?  I need to set priorities, so it would help to know what's
most important, especially since I'm on the road.  Do we want to continue
marketing the sites during the time period between signing and termination?
I don't think 3 weeks would be a problem after signing.  No TurboPark!!!

On the issue of the conference call Friday, I have a meeting with the
customer which starts in the am, then I'm on the road.  Monday would be 1000
times better, if this is at all possible.  In that won't work, I will have
more details about timing of my Friday meeting tomorrow.

Thanks,

Kay


Thanks!  if  you will not be in the gym tonight, please give me a call.

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


Please note that with the authorization below, interconnection issues with
the attached utility still need to be addressed.  (This includes agreement,
queue, facilities if needed, etc.)  Call us if you need assistance.  Thanks.

	From:  Christi L Nicolay                           04/30/2001 02:20 PM

To: Chris Lackey/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Tim
Belden/HOU/ECT@ECT, Don Black/HOU/EES@EES, Jeff Golden/HOU/EES@EES, Marc
Pana/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Ray
Alvarez/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Steve
Walton/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Jeff
Brown/NA/Enron@Enron, Sheila Tweed/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, James E Keller/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Ozzie Pagan/Enron@EnronXGate, Leslie
Lawner/NA/Enron@Enron, Joy Werner/Corp/Enron@ENRON, Karen A
Cordova/HOU/EES@EES, Robert Frank/NA/Enron@Enron, Janet R
Dietrich/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, sscott3@enron.com,
Kevin M Presto/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT, jader@enron.com,
Michael Brown/Enron@EnronXGate, mark.bernstein@enron.com,
john.llodra@enron.com, janelle.scheuer@enron.com, George
Wood/Corp/Enron@Enron, David Guillaume/Enron Communications@Enron
Communications, joe.gordon@enron.com, splauch@enron.com,
jennifer.n.stewart@enron.com, tom.dutta@enron.com, Posey
Martinez/HOU/ECT@ECT, Jim Meyn/NA/Enron@Enron, Berney C Aucoin/HOU/ECT@ECT,
Pearce W Hammond/Enron@EnronXGate, Garrett Tripp/TOR/ECT@ECT, Jason
Thompkins/Enron@EnronXGate, Rob Wheeler/Enron@EnronXGate, Mason
Hamlin/HOU/ECT@ECT, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, george.mccormick@enron.com, wjennin@enron.com,
joseph.wagner@enron.com, elizabeth.johnston@enron.com, bill.rust@enron.com,
Reagan Rorschach/Enron@EnronXGate, Edith Cross/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, Jennifer Bagwell/Enron@EnronXGate, Billy
Braddock/Enron@EnronXGate, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, Karla Compean/Enron@EnronXGate, Kerry
Stroup/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Jeff
Brown/NA/Enron@Enron, Russell Ballato/NA/Enron@Enron, Don
Baughman/HOU/ECT@ECT, Matt Lorenz/HOU/ECT@ECT, Jason Choate/Corp/Enron@ENRON,
Maria Valdes/Corp/Enron@Enron, John Kinser/HOU/ECT@ECT, Peter
Makkai/NA/Enron@Enron, Jeff King/Corp/Enron@Enron, Robert
Benson/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Berney C
Aucoin/HOU/ECT@ECT, Brad Morse/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT,
Marcus Nettelton/NA/Enron@ENRON, Barbara N Gray/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Janine Migden/NA/Enron@Enron, Ron
McNamara/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@ENRON, Aleck Dadson/TOR/ECT@ECT, Daniel
Allegretti/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON, Tom
Hoatson/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Jean
Ryall/NA/Enron@ENRON, Tom Chapman/HOU/ECT@ECT, Janine Migden/NA/Enron@Enron,
Dave Mangskau/Corp/Enron@ENRON, Dan Staines/HOU/ECT@ECT, Mike
Roan/ENRON@enronXgate, Joe Connor/NA/Enron@Enron, Kerry
Stroup/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT, Ray Alvarez/NA/Enron@ENRON,
Alan Comnes/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andy Rodriquez/Enron@EnronXGate,
Lloyd Will/HOU/ECT@ECT, susan.scott@enron.com, Christi L Nicolay/HOU/ECT@ECT,
Steve Montovano/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
cc:

Subject: Easier for EPMI/EES to purchase from industrials

Attached is FERC authorization for EPMI and EES to purchase power from
industrials NATIONWIDE (effective March 6, 2001--Does not expire).  The
industrial does not have to obtain its own power marketer license from FERC
(subject to EPMI and EES making certain after the fact quarterlty filings for
the industrials).

Specifics:

Owners of generating facilities located at business locations and used
primarily for back-up for self-generation (who will be "public utilities"
subject to the Federal Power Act only while they sell at wholesale) can sell
power at wholesale from such facilities to EPMI and EES without prior notice
under section 205 of FPA (would usually require 60 day advance notice
filing).
  -- Waives certain parts of the filing requirements for the industrial;
however, the industrial will still be subject to shortened filing
requirements for dispositions of facilities and interlocking positions while
they are selling at wholesale.
 -- EPMI and EES will make the FERC quarterly filings on behalf of the
industrials for any of these purchases.  Our report must show the names of
the industrial; aggregate amount of capacity and/or energy purchased from
each seller; and the aggregate compensation paid to each seller.
Accounting/commercial folks for EPMI and EES-- please make sure these
purchases are flagged in the accounting system, since the report will be
separate from our big quarterly reports.
 -- This does not authorize the retail industrial customer to violate any
rules or tariffs of its host utility.  This does not authorize an industrial
to resell power it purchases (only can sell what it generates); unless
otherwise allowed (or not precluded) by its retail tariff.

West Desk:  This is similar to the authorization that FERC gave last week to
purchases from industrials in WSCC.

____________________________________
On April 27, FERC issued an order granting EPMI and EES the authority to
purchase power from IPPs at market-based rates.  As the attached order
indicates, the effective date of the EPMI and EES rate schedules is March 6,
2001.

 - ER011394.wpd
 - ER011394.doc


Guys, I would like to add the following commentary to the DASH which will
better reflect my thinking around this investment.  The current text suggests
that there is significant strategic advantage for ENA to be a participant in
the fund.  I do not think that is the case; however, I do see some merits in
the investment based on the needs of Enron's Global Finance group.  I would
suggest toning down the strategic advantages and add the following:

 It is unlikely that given the funds target returns that the it will be an
effective permanent monetization vehicle for ENA's strategic and merchant
investments; however, Enron Global Finance believes that the investment is
important for the following reasons:
  a) provides an additional "Friend of Enron" to facilitate short to medium
term balance sheet and regulatory solution to highly structured    commodity
and capital transactions in the wholesale group;
  b) provides alternative sources of short term capital liquidity and
  c) by further developing the relationship with AIG provides collateral
benefits for Enron's overall Global Finance capability and business.

ENA would have a requirement that this investments be hedged through Raptor
and be managed by the Enron Global Finance Group.

Regards
Delainey


John, what is the status of these todo's?  Thanks. Lynn

 -----Original Message-----
From: 	Smith, Chris A.
Sent:	Tuesday, December 04, 2001 3:55 PM
To:	Miller, Beverly; Walden, Shirley; Buchanan, John; Phillips, Mary; Blair, Lynn
Cc:	Barker, Robert; Stovall, Glenn; Mitchell, Russell
Subject:	Work At Home Meeting

The following summarizes the action items we identified in our meeting this afternoon:
Updated the Remedy records for Beverly, Shirley and Mary that they are Work At Home participants; to give their requests high priority; and to assign them to Glenn and Robert, when possible.
Glenn obtained a modem for Shirley and will install it tomorrow when she brings her system in.  He will map the drive (T:\) at the same time.
Sent John the note regarding completing the eRequest for reestablishing VPN access.
Will investigate the CITRIX Server not available message after new access is established and tested.

Please let me know if anything has been overlooked.  Otherwise, we will continue to work the issues above.

Chris
33270


I can't remember whether I sent this to you or not.  I included these things
in the redraft I sent out on 5/2 (copied you on that note to Phyllis).
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)
----- Forwarded by Janice R Moore/HOU/ECT on 05/04/2001 09:43 AM -----

	lemelpe@NU.COM
	05/02/2001 02:03 PM

		 To: janice.r.moore@enron.com
		 cc: morisjr@selectenergy.com
		 Subject: Enron - Select MPPSA

Janice - To follow up on this morning's phone call, I propose the following
language:

In the Cover Sheet, Article Five, 5.6 Closeout Setoff, we would check off
Option B, and specify that, for purposes of this section only, Affiliates
of Party B shall only include subsidiaries of Northeast Utilities
Enterprises, Inc.

In the Other Changes section dealing with Confidentiality, I suggest adding
a sentence before the last one in the paragraph, that states:  "For
purposes of this section only, Affiliates of Party B shall not include The
Connecticut Light and Power Company, Western Massachusetts Electric
Company, and Public Service Company of New Hampshire."

I look forward to reviewing the re-draft of the MPPSA.

Phyllis Lemell


Attached for your review is the latest press release announcing Rebecca
Mark's resignation from the Enron board and an employee memo we would like to
send via email to all Enron employees.  If you have any comments or changes,
please let me know by noon.

Thank you.
Karen
x39757


ISDA International Swaps and Derivatives Association, Inc.
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
Phone: (212) 332-1200
Facsimilie: (212) 332-1212

MEMO TO:  ISDA Credit Derivatives Market Practice Committee

FROM:   Louise Marshall, ISDA New York, Katia D'Hulster,
ISDA London

DATE:   May 21, 2001

RE:   New G6

At the May 8 meeting of the ISDA Credit Derivatives Market Practice
Committee, and subsequently at a May 15 meeting of the European Committee,
the following Group of Six (G6) members were elected to take forward the
Committee's work:

Dealers
NA - Mike Pohly, Morgan Stanley  michael.pohly@morganstanley.com
Eur - Pierre Mathieu, BNP Paribas
pierre.g.mathieu@bnpparibas.com

End-users/risk-takers
NA - Craig Welch, Ambac   cwelch@ambac.com
Eur - Eric Rothman, Ace Guaranty  erothman@aceguarantyre.com

Bank portfolio managers
NA - Hetty Harlan, BofA   hetty.harlan@bankofamerica.com
Eur - Cameron Munro, NAB
cameron.munro@eu.nabgroup.com

The new G6 will have its first call on Tuesday, May 22. Agenda items will be
prioritized and circulated to the whole committee. Please be sure to
identify your constituency representatives and to be aware of any resulting
communications from them. The efficiency of this process is dependent on the
input of all constituents. If you do not receive materials from your
representative, please contact him or her directly to ensure appropriate
representation.

NB: The Restructuring Supplement To the 1999 ISDA Credit Derivatives
Definitions, which is now in effect, is available on the ISDA Website
(www.isda.org).

Any questions or comments may be directed to Louise Marshall at ISDA New
York (lmarshall@isda.org) or Katia D'Hulster at ISDA London
(kdhulster@isda-eur.org).


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 09/25/2000
01:59 PM ---------------------------

Jonathan Hoff
09/25/2000 01:26 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Caledonia


Hi Sara -

Thanks for the bios.  Is Mr. West not joining the meeting?

Rosalee

"Sara Whalen" <swhalen@calstate.edu> on 05/16/2001 05:18:08 PM
To: <Kenneth.Lay@enron.com>
cc:
Subject: RE: Ken Lay visit with Chancelor Reed at 11:00 a.m. on 5/17/01

Rosalee,

Dr. Reed will be joined by Mr. William Hauck, a member of our Board of
Trustees.  Their bios can be viewed at:

http://www.calstate.edu/tier3/PubAffairs/bios/staffbio/Reed.html

http://www.calstate.edu/tier3/PubAffairs/bios/trustbio/Hauck.html

Let me know if there is anything else you need.  Thanks.

Sara

-----Original Message-----
From: Rosalee.Fleming@enron.com [mailto:Rosalee.Fleming@enron.com]On
Behalf Of Kenneth.Lay@enron.com
Sent: Wednesday, May 16, 2001 11:59 AM
To: Sara Whalen
Subject: Ken Lay visit with Chancelor Reed at 11:00 a.m. on 5/17/01
Importance: High

Hi Sarah -

The Enron attendees for tomorrow's meeting are:  Ken Lay, Marty Sunde and
Bob Williams.  Their resumes are attached.

(See attached file: 2001 March - regular.doc)   (See attached file: Bio -
Marty Sunde March 2001.doc)  (See attached file: Robert Williams bio.doc)

Sarah, will you please e-mail me exactly where they should come once they
get through traffic.

Thanks.

Rosalee


We have had recurring problems with Morgan's west power group(scheduling,
real time, anyone) being absolutely unreachable after 2 pm our time, for any
reason.

Geir had a number of their schedules have difficulty this weekend, and called
me in desperation for a way to reach them. I have spoken to Morgan's staff
numerous times about their unavailability, and those conversations seem to
have no impact.

Today it presents a problem because  one of their tags is denied, and there
is nobody there to fix them. They did not correct their tag, and I had to
intervene and create one on their behalf and deal with the control area at 5
pm.

Please keep these diffuculties in mind, and if you have any influence with
their trading staff, encourage them to beef up their staffing, especially on
real time.

C


Remember, on the divisions, to make the incorporated entity name part of the
counterparty's name!


October 2, 2001

Ms. Jane D. Doe
XYZ Company
123 ABC Street
Anytown, TX 77000

Dear ____________,

Your company's physical natural gas transactions with Enron are governed via by the General Terms and Conditions Agreement (GTC) for each product to which your company agreed by accepting the GTC's on via EnronOnline.  Theseis agreements areis being revised effective MM/DD/YY.  To ensure that the traders in your company can continue to transact the affectedphysical natural gas products via EnronOnline, we ask that you review and sign the enclosed revised agreement(s).

To assisthelp you in identifying  the revisions, we have also enclosed a copy of your current agreement with marked to show the revisionsed sections areas highlighted.  A brief summary of the more significant revisions you'll will  need to approve is as follows:

?        Amendments due to the recent sale of Houston Pipe Line Company (HPL) by Enron.;
?        Deleting the intrastate warranties section due to the sale of HPL.;
?        Updating the publisher of Gas Daily to Platts; and
?        Updating the Securities Representations section to reflect final orders.;

Please return the signed agreement(s) in the envelope provided by MM/DD/YY to ensure uninterrupted transactions for natural gas products on EnronOnline. without interruption.

If you have any questions, please contact John Doe at (713) 853-xxxx.  Thank you. for your assistance.

Sincerely,

Lisa Lees
Manager
EnronOnline Operations


No, we are paying them $3 mm in addition to handing them the Hobbs line and
giving them the option on the Eldo-Spraberry line.  I haven't really thought
about it, but I guess the transfer price for the Hobbs line should be some
nominal amount--$10 or something.  I'll give you and Louie a call in a bit to
discuss.  Thanks.  DF

	From:  Kim Wilkie                           07/24/2000 09:47 AM

To: Drew Fossum/ET&S/Enron@ENRON
cc: Louis Soldano/ET&S/Enron@ENRON

Subject:

Drew, thanks for the fax.  Quick question... is the purchase price a flat
3,000,000 without any adjustments for line pack... Since we are going to sign
and close same day, we won't need adjustments for cap ex.  I am putting
together a draft PSA now.  THanks.  Kim


FYI

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 05/19/2000
11:40 AM ---------------------------

Nick Bambos <bambos@stanford.edu> on 05/19/2000 11:33:29 AM
To: Stinson.Gibner@enron.com
cc:
Subject: Re: Visit to Enron

Stinson,

> 1.   Will you be able to arrive in Houston by, say, 6 P.M. on Thursday so
> that we can schedule a dinner meeting that evening?

I'm arriving at the George Bush airport in Houston next Thursday at 5:15pm.
I could then take a taxi to the hotel or the restaurant. How long would it
take me to get there? Is there a "rush hour" problem at that time?

> Also, if you are
> returning on Friday, what time is your flight?  I don't want to book
> meetings too late in the afternoon for you, if you will need to leave for
> the airport.

I'm flying out of Houston on Friday at 6:45pm. Is there a rush hour problem
on the freeways at that time? What time should I leave from Enron to be at the
airport at 6pm?

> 2.  Would you be amenable to giving a 45 minute presentation on Friday?
> This would be an effective way of introducing you to many more people in
> EBS, including many of the traders.   The topic could be of your choice and
> could be related to networks or the future of the internet.

I hope I'll have opportunities to give talks at Enron in subsequent visits
along the research path. In this first visit I was hoping to understand better
the research goals of Enron and brainstorm with people about what are the
top challenges and opportunities for our research collaboration. Identifying
the best research problems in terms of
1) highest innovation potential and
2) highest projected impact
would be at the top of my list. It might be unprofessional on my side to
talk to an audience that I don't have any prior information about and is
very diverse anyway; it could actually be "dangerous." I would feel MUCH more
comfortable to do that in my second visit, after I have understood the
environment
better and I have some results to talk about. I would like to be in a
position to "impress" people when I give my first talk at Enron. (Besides,
I will have to prepare good slides for such a talk and I am totally swamped
all next week.)

> 3.  Do you have time to draft a short letter of understanding that Vince
> could use to document the support being given to you and the uses which
> would be made of our contribution to your research effort?

I'm swamped, but I'll try to put something together.

I look forward to seeing you next week.

Nick


Scott,

Please stop by when you visit Houston.
Give me a few days' warning to set up a meeting.

Vince

Scott Wakefield <scottw@mathworks.com> on 08/09/2000 06:38:47 AM
To: vkamins@enron.com
cc:
Subject: MATLAB at Enron

Hello Vince :

I'm the Territory Manager for the MathWorks, we develop MATLAB technical
software. We've recently developed tools well suited for Energy Trading
Industry.

Enron has used our products in the past, but all of those end-users have
left Enron.

Risk Management and Research groups at Southern Energy, TXU, Dynegy, El
Paso Energy, Koch, Calpine, Reliant and others have recently started using
our products in the following ways.

1. Create sophisticated option pricing models, risk analysis models, and
stress analysis models. Creating GUI front ends for the end-users.
2. Pull in Data from ODBC, Corba, and SAS databases to evaluate.
3. Visualize the results and quantify the solution.
4. Compile these models and distribute these applications to their
Traders, Analysists and Managers with no distribution costs.

Who should I contact at your company to discuss Enron's situation to see if
our can help Enron as it has with our other Energy customers?

Thank you for your time and help.
==================================
Scott Wakefield
The MathWorks, Inc.
Phone: (508) 647-7282
Fax: (508) 647-4275
E-mail: swakefield@mathworks.com
http://www.mathworks.com
==================================
MATLAB News Group:
news:comp.soft-sys.matlab
==================================
Visit the new MathWorks Store and buy MATLAB, Simulink
and all of our products online
http://www.mathworks.com/store/


All,

I've entered an annuity for October and November Pilot Power scheduling fee, for the November Hanson Cement scheduling fee, and the book-to-book transfer between West Services and Short Term California to split the scheduling fee.  Currently, the fee for Pilot Power is $7,500 per month ($2,500 per load zone scheduled, SCE1, SDG1, and PGE3), and the scheduling fee for Hanson is $2,500.  The Enpower deal #'s are 855213, 855309, and 855318.

Please take a few moments to review these annuities.  Going forward, West Services will enter these annuities at the first of every month for the month ahead.

Thanks,

Stan Cocke
Enron North America
121 SW Salmon
Portland, OR  97204
(o) 503-464-3829
(c) 503-819-1132


WELCOME - Vol. 6 No. 49

TIMELY INVESTMENT INFORMATION - Weekly Economic Update
======================================================

Welcome !

For new and old subscribers, there is an Archive Section
on our website at: http://www.stockresearch.com/archive.html
It lists the original copy of each of our research reports,
at the time of publication.

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

PLEASE SUPPORT OUR SPONSORS
===========================

INVESTOOLS
==========

FREE REPORT: 10 Stocks To Help You Make It All Back!

Still listening to Wall Street's bears? They want you out of
the way while they grab today's once-in-a-decade bargains.
Don Rowe says investors now have a chance to double their
wealth. Get 10 leaders of this new bull market! FREE report:

  http://www.investools.com/c/go/WALL/SR-wallTW2?s=S600

INVESTOR'S BUSINESS DAILY - FREE TWO WEEK TRIAL OFFER
=====================================================

FREE TWO WEEK TRIAL to America's Fastest Growing Newspaper
and the FREE VIDEOTAPE "Maximizing Your Success." CLICK

http://ibd.infostreet.com/cgi-bin/freeoffer.cgi?source=ALA1GE2

            NO CREDIT CARD INFORMATION REQUIRED

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

This is a text only copy that should be fairly well
formatted for most e-mail programs.  For those of you
that would prefer an easier to read format, simply click
on the link to our website, and if you want, print a copy.

       http://www.stockresearch.com/weekecon.html

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

WEEKLY UPDATE FOR: December 29, 2001

Prior Week in Review:

Financial Market Highlights:
============================

                        12/28/01     12/21/01     %Change

S&P 500                 1,161.02     1,144.89      +1.41%
Dow Jones              10,136.99    10,035.34      +1.01%
NASD Comp               1,987.26     1,945.73      +2.13%
Russell 2000              493.62       484.02      +1.98%
SOX Index                 538.79       520.58      +3.50%
Value Line                372.10       362.90      +2.54%
MS Growth                 568.96       567.41       +.27%
MS Cyclical               535.61       523.39      +2.34%
T - Bill                    1.68%        1.66%      +2 BP
Long Bond                   5.54%        5.46%      +8 BP
Gold - Oz-Near Month     $276.80      $278.30      -$1.50
Silver - Oz-Near Month     $4.50        $4.47       +$.03

Economic News:
==============

Economic Reports Last Week Were Uniformly Positive
 Nice Ending For 2001 - Bodes Well For 2002 Recovery
 Spring Recovery More And More Likely - A Good Bet

*November Durable Goods Orders fell -4.8% -
  Ex volatile transportation sector orders rose +1.1%
*Jobless Claims rose +7,000 to 392,000 - Four Week
  Moving Average fell -25,250 to 413,250
*December Consumer Confidence rose to 93.7 - See Below
*November Existing Home Sales rose +.6% to 5.21 mil rate
*New Home Sales in November rose +6.4% - See Below

Last week's economic reports were uniformly positive,
and given that a few of them are truly "forward looking",
the implications for 2002 are getting better and better.
When combined with the prior week's reports, we are
becoming more and more confident, barring an exogenous
event, that an economic recovery will be underway by Spring.
Perhaps Ed Hyman is right - it may have already begun.

Longer term readers know that we place a lot of importance
on the outlook for the consumer, given that consumer
spending drives approximately two thirds of Gross Domestic
Product (GDP).  Naturally, we were particularly pleased, then,
that the Conference Board Consumer Confidence Survey
confirmed the nice gain in the Univ. of Michigan Sentiment
Index that we reported last week.  However, there is a "but."

The "but" is the disconnect between the sharp increases in
sentiment and the soft holiday selling season.  True there
was a late inning rally, and yes a major discounter reported
recent weekly sales at the top end of their target, but the
overall selling season was sloppy, and driven by price.

One rationale might be that consumers are somewhat concerned
about the labor market, given the rise in the unemployment
rate and the recent lackluster gains in personal income.
To us this would be a plausible explanation, and implies that
sluggishness will continue for a while longer.

However, the Durable Goods report, without the volatile
transportation sector, has now improved for two consecutive
months - not eternity by any standard, but it does imply that
the pressure on the beleaguered manufacturing sector is ending.
If so, then there will be a lagged response favorably
impacting both jobs and income.

While the housing market was also strong, we again caution that
in our view the strength is overstated given November's warm
weather.  Simply put, more people can shop for a house in
nice weather than poor weather.  More shoppers, low rates
equals more sales.  Simple as that.  But still there are
some positive implications as the supply of new homes on the
market is the smallest in almost a year.

Overall, then, a pretty good ending to 2001.  And, as you
know, our view is for a recovery to be underway by Spring.
But, the war against terrorism is not over, and may in fact
be expanded, and even without an exogenous event the slope
of the recovery is far from certain.  So, enjoy the New
Year Holiday as we look forward to 2002.  Stay tuned !

Current Weekly Calendar of Economic Data:
=========================================

Monday:   Chicago Purchasing Managers' Index
Tuesday:        NEW YEARS DAY HOLIDAY - FINANCIAL MARKETS CLOSED
Wednesday:      National Assn. of Purchasing Managers' Index,
                 Construction Spending
Thursday:       Jobless Claims
Friday:         Labor Department Employment Report

Fresh Money Buys:
=================

In response to subscriber feedback, we have established this
section to highlight recommendations from our list that we
believe are the most attractively priced currently.  We will
limit the selections to three each week, even as our list of
recommendations changes.

American Int'l Group (AIG)                     $80.22
Fannie Mae (FNM)                               $79.79
Pfizer Inc. (PFE)                              $40.40

Original reports from the time of recommendation, are
         available on our Website at:

    http://www.stockresearch.com/archive.html

You may obtain a "second opinion" from VectorVest, a service
that provides limited access free so you may try their
service at:

    http://www.stockresearch.com/vv.html

We will not track the performance of this list as we are
already monitoring the original recommendations.  Hope
this helps.

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

INDIVIDUAL MANAGEMENT FOR EVERYONE
==================================

For everyone who has enjoyed reading our newsletter but has
not had the $200,000 required for our personal, individual,
asset management services, we have an incredible announcement
to make: Green Mountain Asset Management Corp. and
BridgePortfolio.com of Chicago, IL have created an alliance
where you can now invest in the Green Mountain Asset Growth
Portfolio through BridgePortfolio with a low minimum of
$10,000. Your individual account will be set up at Schwab
Institutional, which gives you 24 hr. web access. Green
Mountain Asset, as a sub-advisor, will instruct
BridgePortfolio what to buy and sell. BridgePortfolio.com, as
your investment advisor, will execute trades on your behalf
only in accordance with our instructions.

       Simple as that!  Click here for more details.

  http://www.bridgeportfolio.com/index.asp?RelCode=GM4005VT

Or call 800-610-8882  Monday thru Friday-9:00 am-5:00 pm CST

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

CLASSIFIED ADS
==============

PARIS VACATION RENTALS - Apartment on Historic Ile Saint Louis
    Better Plan Ahead - Only One Month Left For 2002
         http://www.paris-vacation-rental.com

JACK: STRAIGHT FROM THE GUT - By Jack Welch - Only $17.97-Save 40%
http://www.amazon.com/exec/obidos/ASIN/0446528382/greenmountainass

NO BULL: MY LIFE IN AND OUT OF MARKETS - Michael Steinhardt-$20.96
http://www.amazon.com/exec/obidos/ASIN/0471181528/greenmountainass

THE THEORY OF INVESTMENT VALUE - John Burr Williams - Only $29.95
http://www.amazon.com/exec/obidos/ASIN/087034126X/greenmountainass

BASIC ECONOMICS: A CITIZEN'S GUIDE TO THE ECONOMY - Only $21.00
http://www.amazon.com/exec/obidos/ASIN/046508138x/greenmountainass

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

SURVEY
======

It would really help us if you would take our brief survey, so
that we have a better understanding of our users and so that
we can sell targeted advertising, which keeps our services
free to you. A benefit to you and us.  So, please take just
two minutes to fill out a 13 question survey.  There is no
information requested to identify you personally as our only
interest is in the aggregate data. Thank you very much for
your help !

http://38.148.250.3/cgi-win/client.exe?readers,welcome,ad1321a,2000

To return here, after you have completed the survey, File
Close works better than the method suggested at the
survey site.

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

As we continue to build both our Newsletter and our Website,
we welcome your feedback, so please feel free to e-mail me at:
mailto:bobbose@stockresearch.com

To UNSUBSCRIBE, just send an e-mail to:
timely-invest-off@mail-list.com
Be sure to use the e-mail address from which you subscribed.

To SUBSCRIBE, just send an e-mail to:
timely-invest-on@mail-list.com

To CHANGE, put either your new or old e-mail address in the
subject line and the other address in the from line and send to:
timely-invest-change@mail-list.com

DISCLAIMER:
===========

The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy or
sell any security. It does not purport to be a complete
description of the securities, markets, or developments
referred to in the material. All expressions of opinion
are subject to change without notice. The information is
obtained from internal and external sources which we
consider reliable but we have not independently verified
such information and we do not guarantee that it is
accurate or complete.  We do not undertake to advise you
to any changes in figures or our views.  We, our employees,
clients, and or officers and directors, may from time to
time have a long or short position in the securities
mentioned and may sell or buy such securities.

--
Bob Bose
Green Mtn. Asset Mgt. Corp., 139 Bank Street, Burlington, VT 05401
FREE Investment Newsletter - http://www.stockresearch.com
FREE Trial Investor's Business Daily
http://www.stockresearch.com/ibdform.html
800 - 385- 2673 / 802 - 658 - 7806

----------------------------------------------------------------------------------
To subscribe,   send a blank message to timely-invest-on@mail-list.com
To unsubscribe, send a blank message to timely-invest-off@mail-list.com
To change your email address, send a message to timely-invest-change@mail-list.com
   with the other address in the Subject: line

This message was launched into cyberspace to alewis@ect.enron.com


This is probably way more information than you want, but just in case you
want to see where we are on the audit comments, attached is a worksheet I am
updating every few weeks to ensure we address all their issues asap.  They
will (at the request of Louise) be conducting a follow up audit in October,
and "re-audit" the management report in mid-July.

Sheri


Do you believe that your RBs suck now?  Do you want some help - I am your man


As you know the ENA OTC is actively working with the Analyst and Associate
Program to develop greater talent flow into ENA.  We are presently working on
a number of initiatives to improve how this is working and significantly
improve communication flow and responsiveness. However in this regard we also
need you to help make sure we have clear lines of communication within ENA
regarding A&A resource levels, performance, rotations and retention efforts.

In this regard we would like for each of you to take the lead  for your
groups needs and ensure that any requests, questions or concerns about A&A's
in your area are passed through you to either Ted Bland (ENA Recuitment Team
Lead - x35275) or Jana Giovannani (ENA liaison from the AA Program - x39233)
or myself. It is important that we are discerning about what we do with our
A&A resources and plan carefully and accurately for our future needs, in this
regard we need for you personally (or a senior member of your team who you
may optionally delegate this task to) will take the time to review any A&A
resource requests from your team before passing them onto us.

In addition, given the importance of these resources, we will be inviting you
to a regular bi-monthly meeting to discuss ENA A&A matters. We will confirm
the first date in due course. In the meantime if you would like to volunteer
another senior member of your team to assume this reponsibility please supply
their name as soon as possible.

Please call with any questions.


I will be attending.

Kam

 -----Original Message-----
From: 	Valdez, Christina
Sent:	Friday, February 01, 2002 2:01 PM
To:	Reeves, Leslie; Gossett, Jeffrey C.; Keiser, Kam; Valdes, John; Evans, Casey; White, Stacey W.; Theriot, Kim S.; Hanson, Kristen J.; Baxter, Bryce; Aucoin, Evelyn; Allen, Thresa A.; Gilbert, Scotty; Postlethwaite, John; Hedstrom, Peggy; Lamadrid, Victor; Kinsey, Lisa; Sullivan, Patti; Superty, Robert
Cc:	Beck, Sally
Subject:	"Best Practices" Meeting - Tuesday, Feb. 5
Importance:	High

Please plan on attending a "Best Practices" meeting coordinated by Sally Beck on:

	Date:		Tuesday, Feb. 5
	Time:		11:30am - 1:30pm (lunch included)
	Location:	ECS 4075

Scotty Gilbert/John Postathwaite/Peggy Hedstrom - we would like to video conference you in to this meeting.  Let me know if your office has the capability; if so, please provide:

	1) name of video specialist in your office
	2) video specialist phone number
	3) conference room number and phone number

All - Please confirm your attendance by e-mail.

Thank you very much,

Christina Valdez Epperson
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com


Russell:
Just fyi, they're willing to take us for 20 years.
---------------------- Forwarded by John Arnold/HOU/ECT on 05/10/2001 08:17
AM ---------------------------
From: Eric Bass/ENRON@enronXgate on 05/10/2001 07:42 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: FW: details for long term flat price swap on Nat Gas Houston Ship
Channel Inside FERC

John,
Attached are the volumes associated with the 20 yr Soc Gen deal we talked
about.  I have yet to hear from credit.  I will let you know the status as it
becomes available.

Eric

 -----Original Message-----
From:  Alexander.WERNER@us.socgen.com@ENRON
[mailto:IMCEANOTES-Alexander+2EWERNER+40us+2Esocgen+2Ecom+40ENRON@ENRON.com]
Sent: Thursday, May 10, 2001 7:34 AM
To: Bass, Eric
Subject: details for long term flat price swap on Nat Gas Houston Ship
Channel Inside FERC

Hi Eric,

Please find below the detailed terms of a possible deal that we have been
talking about during our phone conversation this morning.

Nature of deal : If the transaction takes place, Societe Generale would sell a
financial fixed price swap (flat price, not basis differential) to Enron. The
monthly settlement would be financial. There would not be any  exchange of
physical product.

Period of the deal : June 1st, 2001 to January 31st, 2021.

Used Reference :  Natural Gas-Houston Ship Channel Index Inside FERC , monthly
settlement.

Volumes of the financial swap transaction : Please find below the volumes
given
month by month in MMBTU.

(See attached file: volumes-10-5-01-for-Enron.xls)

Since there is a tiny chance that the deal trades today, could you please
check
if you have credit with SG for this period.
If not, could you find out how much time it approximately takes to get the
credit.
In terms of credit, SG is good with Enron for this period.

Thank you,

Alexander Werner

 **************************************************************************
The information contained herein is confidential and is intended solely
for the addressee(s).  It shall not be construed as a recommendation to
buy or sell any security.  Any unauthorized access, use, reproduction,
disclosure or dissemination is prohibited.

Neither SOCIETE GENERALE nor any of its subsidiaries or affiliates
shall assume any legal liability or responsibility for any incorrect,
misleading or altered information contained herein.
 **************************************************************************

**************************************************************************
The information contained herein is confidential and is intended solely
for the addressee(s).  It shall not be construed as a recommendation to
buy or sell any security.  Any unauthorized access, use, reproduction,
disclosure or dissemination is prohibited.
Neither SOCIETE GENERALE nor any of its subsidiaries or affiliates
shall assume any legal liability or responsibility for any incorrect,
misleading or altered information contained herein.
**************************************************************************

 - volumes-10-5-01-for-Enron.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/05/2001
03:48 PM ---------------------------

Greg Napiorkowski <gnapiorkowski@intertrust.com> on 02/05/2001 12:35:21 PM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Czesc

Wicku,

Oczywiscie, ze sie spotkam z radoscia i przyjemnoscia.
Sporo czasu minelo od czsu, gdy sie ostatni raz widzielismy.

W gre wchodzi praktycznie czwartek wieczorem.  W srode sie przeprowadzam,
a w piatek lece do NJ o 21:30.

Moj telefon:  408-855-0263.

Na razie,

  Grzegorz

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Monday, February 05, 2001 10:29 AM
To: gnapi@intertrust.com
Cc: Vince.J.Kaminski@enron.com; vkaminski@aol.com
Subject: Czesc

Grzegorz,

Ludmila doniosla mi, ze pracujesz w Kalifornii.

Bede w Berkeley w srode i w Palo Alto w czwartek i piatek.

Czy masz czas, by spotakc sie na obiad/lunch/kawe?

Pozdrowienia

Wicek


thanks

Andy Zipper@ENRON
11/01/2000 08:00 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Adam Resources

FYI
---------------------- Forwarded by Andy Zipper/Corp/Enron on 11/01/2000
07:59 AM ---------------------------
From: Bob Shults@ECT on 10/31/2000 03:56 PM
To: Andy Zipper/Corp/Enron@Enron
cc: Daniel.Diamond@enron.com

Subject: Adam Resources

I talked to Jay Surles and Kenny Policano at Adams Resources and concerning
CATDADDY and POWERTRADE.  I informed Jay that it was in violation of their
agreement to "sell, lease, retransmit, redistribute or provide directly or
indirectly,any portion of the content of the Website to any third party."
They indicated that they had provided the id to one of their marketers in New
England.  They also suggested that they had a broker that watched spreads for
a commission therefore theoretically the broker was an employee of the
company.  After all the bull they agreed to have them shut down and they
would refrain from doing it again.


The report named: Enron Americas Position Report <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=102&report_name=Enron+Americas+Position+Report&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/15/2001>, published as of 11/15/2001 is now available for viewing on the website.

Publisher's Notes:

FINAL


Any word yet on this trade?

   Kate Symes @ ECT                11/30/2000 05:57 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: Missing Trade for 11-30-00

Sean and Diana do not recognize this deal. They tried to check with the
brokers, but couldn't get a hold of anyone. I'll let you know first thing in
the morning whether or not this is good and what the deal number is.

Kate

Evelyn Metoyer@ENRON
11/30/2000 03:08 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Missing Trade for 11-30-00

Prebon sent over a confirmation for the following trade for Sean Crandall
Enron buys from Aquila January  Mid-C 25 mw at $300.00


Mark,

following our conversation, I will fax you consolidated feedback on Marcus
Von Bock. Could you send me your fax number. Is that number sufficiently
secure or should I call your assistant to let her know to collect it? Please
let me know how you want to deal with that.

Thanks

       Mark


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/05/2001
02:55 PM ---------------------------

From:  Veronica Espinoza @ ENRON
               02/05/2001 02:16 PM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Russell
Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia Mendoza/HOU/ECT@ECT,
Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT
cc:
Subject: Credit Report--2/5/01


Sheila:  This agreement is for what futures products?  Also, did you send a
memo to Paul Radous/Bill Bradford and Cassandra Schultz?  Thanks.  Sara

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


Frank Ermis claims that this deal was priced at Index.  He was the Trader on
this deal.  Please call him to discuss.

Sincerely,
Mike Grigsby


-----Original Message-----
From:   Grahmann, Jaclyn
Sent:   Thursday, June 07, 2001 10:01 AM
To:      EnFORM - Houston
Subject:        Ready for Summer Volleyball?
Hello EnFORMers~
Are you interested in playing Summer Volleyball? Read on...
 <<...OLE_Obj...>>
How does it work?
This co-ed league requires the same number of men & women on the court at all times.
Team of 6's - 3 men / 3 women
Team of 4's - 2 men / 2 women
Rosters may include additional players that rotate in.
Game Times?
Every Wednesday or Thursday evening (depending on the night you sign up for)
Between 6:30pm and 9:30pm
Games are set up for 1 hour time slots in which 3 matches are played.
Start time will be 6:30, 7:30, 8:30, or 9:30 and will vary each week.
Levels?
Team of 4's:
*Wednesdays - Recreational, Intermediate, UI, Competitive
*Thursdays - Recreational, Intermediate
Team of 6's:
*Wednesdays - Recreational, Intermediate
*Thursdays - Recreational
Season length?
7 weeks of regular play with 1-2 weeks of playoffs
Where?
Third Coast Volleyball http://www.thirdcoastvolleyball.com/Map.htm
At Hilcroft & Harwin off 59
Sound fun?
If you already have a team in mind, put your roster together and email me the following:
* Night you are interested in playing (Wednesday or Thursday). No need to pick times to play...those are assigned by the league and will vary.
* Level (Recreational or Intermediate)
* Team member names
* Captain name & information (address, phone number, email)
If you'd like to play but are looking to join a team, send me the following information and I will try to organize additional team(s):
* Night you are interested in playing (Wednesday or Thursday)
* Level (Recreational or Intermediate)
Please email me by WEDNESDAY, JUNE 13 if you are interested.
Games start Wednesday, June 20!
Many of our EnFORMers have played volleyball out at Third Coast, and I think all can assure you it's a fun time! It's a great way to unwind after work, get some exercise, and meet those you don't have a chance to work with!
Jaclyn Grahmann
EnFORM Technology, LLC
work...(713)350-1882
fax....(713)438-1882


Brant, please do not put me on emails for day to day business, drafts of
masters and confirms.  Thanks.

	Brant Reves/ENRON@enronXgate
	03/27/2001 08:26 AM

		 To: Susan Bailey/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Tana
Jones/HOU/ECT@ECT
		 cc: Janie Aguayo/HOU/ECT@ECT, Bianca Ornelas/NA/Enron@Enron
		 Subject: RE: National Energy Group

Trade qy8453 and qy9133 were both approved under the same credit terms.  The
$4MM LC that has been specified as an independant amount and the associated
$6MM credit line should be made a part of both confirmations and tied to both
deals.  Approval of these deals was based on the combined risk profile of the
trades, so securitization of both trades should be amalgamated.

thanks
brant

 -----Original Message-----
From:  Reves, Brant
Sent: Monday, March 26, 2001 1:56 PM
To: Bailey, Susan; Panus, Stephanie; Jones, Tana
Cc: Aguayo, Janie
Subject: National Energy Group

Please prepare an Annex B per terms of the attached credit worksheet and
provide a copy to the confirmations group for inclusion within trade qy8453's
confirmation.

thanks
brant

 << File: National Energy Group.xls >>