Good Tuesday Morning - Comments From The Local Guys!

If the market has indeed put in a bottom over the last few days, be prepared
for us to 'retest' the lows. A successful test, is what is needed, followed
by a meaningful rally!
The market has already factored in most of the bad news from corporate
America. We may also see individual stocks rise after releasing bad news.
This would also prove to be very meaningful. Look to use this period to
upgrade portfolios.

The 30 -year bond yield is 5.57%.
The 10-year is trading at 4.70%.
The 5-year is trading at 3.81%.
Spot crude oil is trading at $21.81 p/b.
Natural Gas - Henry Hub -  is trading at $2.30 p/mcf after having dipped
below $2.00 earlier.

			Lehman's Research.

Banks  Henry Chip Dickson
Impact of Recession on Bank Trends (CD)
q Many expect that the precarious U.S. slowdown may already be in or tipping
toward recession after
the recent WTC incident. Regardless of whether the U.S. economy slips into
recession, it has been
undergoing a transition from rapid growth of the 1990s to a period of slow
growth. This transition
has created a challenging operating environment for banks.
q This week we take a look at historical bank trends before, during, and
after recessions.

Banks 		Jason Goldberg
Weekly Bank Facts (JG)
q The Lehman Brothers Bank Index ended the week down 7.2%. Our Large-Cap
Bank Index fell
11.2%, while the Mid-Cap Bank Index declined 6.7%.
q All major indices also were down this week. The S&P 500 fell 11.6%. The
Dow lost 14.3% and Nasdaq
was off by 16.0% for the week.

City National		 Brock Vandervliet
On Target With an Even Better Valuation 1 - Strong Buy / 39.85 (USD)
q Although the stock is still roughly 10% above where we upgraded it to
1-Strong Buy back in March,
it has retraced most of its intervening gains. Once again, we believe it
should be front and center
in any discussion with investors in the smaller-cap financials at this time.
q We carry a Q3 EPS estimate of $0.73 for CYN, expected to report October
12. Although confident in our
estimate this is $0.02 less than consensus.
q Given CYN's mildly asset sensitive positioning, we wouldn't be surprised
by some margin decline this
quarter, similar in magnitude to Q2.
q Due to the declining runoff of the non-relationship syndicated book, we
believe CYN's above average loan
growth should be increasingly visible

Commerce Bancorp		 Brock Vandervliet
Q3 Preview and Mtg On Manhattan Rollout 2 - Buy / $65.50 (USD)
q Although sharply below its highs along with so many other stocks, CBH
trades at a six multiple
premium to the rest of the group and we are maintaining our investment
rating of 2-Buy.
q We carry a Q3 estimate of $0.77, up $0.03 from Q2. CBH should report
October 10.
q We remain pretty confident in our numbers for several reasons. First, the
NIM, which was up 16 bps in Q2
to 4.81% should push higher still. Second, and perhaps more important from
the perspective of '02, CBH
is far less dependent than most banks on incremental loan growth.

Commerce Bancshares	 Brock Vandervliet
3Q Preview 2 - Buy / 35.99 (USD)
q Based on the likelihood of continued margin compression for the balance of
the year we are
trimming our estimates for the second half of 2001. Due to valuation we rate
the shares 2 - Buy
q We believe there is a chance CBSH could better our revised 2001 estimates
due to the quasi-non-recurring
items including branch sale and student loan securitization gains. CBSH
typically sells a portfolio
of student loans twice a year depending on supply and market conditions.
q We believe CBSH continues to repurchase shares at essentially the same
pace of 450,000 shares/quarter.

First Commonwealth Fin'l	 Brock Vandervliet
FCF 3Q Preview: Watching the Margin 3 - Market Perform / $10.85 (USD)
q Save the possibility of a sharp margin decline, which we view as unlikely
from this level, or
dramatically higher credit costs, we are confident in full year estimates of
$0.84 and $0.90 which
imply 7% EPS growth. FCF is rated 3-Market Perform.
q We carry a $0.21 Q3 EPS estimate, in line with Q2 and consensus as well.
We expect FCF will report
October 18. As with Q2, this is inclusive of what may be a penny or two of
investment securities gains.
q We have been concerned for sometime in the margin dynamic as Q2's NIM of
3.44% was an all time low
after falling 11 bps in the qtr. We believe it could fall somewhat further
although balance sheet trends
appear to be reasonably positive.

First Tennessee 	Jason Goldberg
3Q01 Preview: Further Upside Doable 2 - Buy / $34.03 (USD)
q We continue to be positive on our outlook for FTN and rate the stock
2-Buy. Not only lower interest
rates, but fundamental improvements within this organization should aid
results.
q Earlier in the quarter FTN announced it expects to post 3Q01 EPS of at
least $0.62. Our forecast pencils
out to $0.63. The company should report on October 17.
q We expect results to evidence continued strength in the net interest
margin and growth in both mortgage
banking and capital markets revenues. Asset quality metrics should remain
relatively stable.

Provident Financial Group 	Jason Goldberg
3Q 01 Keeping an Eye on Asset Quality 2 - Buy / $24.90 (USD)
q ? We rate PFGI 2-Buy and expect the company to put down EPS growth rates
ahead of its peers
once current issues are put to bed. However, we believe the next few
quarters could be bumpy and
that PFGI's business model, which is heavily exposed to commercial loans, is
more susceptible to
downturns in the economy.
q We expect PFGI to report 3Q01 EPS of $0.70 on October 17. This compares to
$0.63 in the prior quarter.
q While continued loan growth and fee income expansion should lead to
double-digit revenue growth, higher
credit costs and the lack of net interest margin expansion should restrain
further improvement.

Synovus Financial 	Jason Goldberg
3Q01 Preview: Keeping an Eye on TSYS 2 - Buy / $40.78 (USD)
q We rate SNV 2 Buy. SNV should benefit from its decentralized banking
approach in the Southeast,
the build-out of its wealth management unit and the growing contribution of
Total Systems.
q We expect SNV to report 3Q01 EPS of $0.27 on October 17.
q Continued net interest margin expansion and solid loan growth should lead
the bank's results.
q We will keep a close eye on TSYS, its 80.8% card processing unit, to see
if new business related to its
European rollout is enough to offset weaker than expected volume in
mid-September. TSYS should report
on October 16.
q We expect SNV to remain one of the few banks posting an ROE in the 20.00%
area and a ROA in the
2.00% range.

Ace Limited 		J. Paul Newsome
Upgraded to 1 Buy; Estimates Lowered 1 - Strong Buy / 23.71 (USD)
q We are upgrading ACE to 1-Strong Buy from 2-Buy with a $30 per share price
target. Among the
large cap. insurers ACE's stock is one of the most inexpensive and it has
among the most upside
to better prices in the future in commercial insurance and reinsurance.
q The stock is trading at about book value under what we feel would be a
worst-case scenario (double ACE
management's projected WTC loss). Historically ACE has traded at 150% of
book value.
q Our price target assumes the company trades at roughly a 40% discount from
its historic price-to-book
value one year from now.

Allmerica Financial J. Paul Newsome
Change of Recommendation 1 - Strong Buy / 45.04 (USD)
q We are upgrading Allmerica to 1 Strong Buy from 2 Buy following the
decline in its share price after
the World Trade Center disaster. Our new price target is $54 per share, down
from $65 per share.
q Allmerica, as a relatively large regional insurer, represents one of the
better "safe havens" among the
insurers largely unaffected by the World Trade Center disaster-little World
Trade Center loss exposure,
little investments in equities, and strong balance sheets.
q At just 87% of projected third quarter book value ($48.14 per share), we
think Allmerica represents
compelling value.

HCC Insurance Hldgs	 J. Paul Newsome
Rating Affirmed 1 - Strong Buy / $23.95 (USD)
q We are maintaining our 1 Strong Buy rating on HCC Insurance Holdings with
a price target of $27
per share, down from $30 per share.
q HCC Insurance Holdings falls nicely into the category of commercial
insurers well poised to take
advantage of the accelerating insurance prices following the tragic World
Trade Center disaster.

Countrywide Credit	 Makiko Coakley
CCR Will Report Its 2Q Earnings Tomorrow 2 - Buy / $40.21 (USD)
q Countrywide will report its fiscal 2Q earnings (for the quarter ending
August 30) on Tuesday 9/25.
The current consensus estimate for its 2Q is $1.19. We are raising our
estimate from $1.18 to
$1.20. Due to the fact that CCR typically benefits from lower interest
rates, and that it has very
limited credit risk exposure, the stock seems to be working as a "place to
hide." We believe this
trend will likely continue as long as the equity market remains volatile and
depressed.
q Mortgage rates declined and refinance activities picked up in Jul. and
Aug. CCR recently reported its
August production volume, which was the highest monthly number in CCR's
history. Thus, we are raising
our 2Q EPS estimate by $0.02 to $1.20.

Paychex Inc	 Adam Waldo
In-Line Qtr-Slight F2002 Guidance Reduc. 2 - Buy / $29.64 (USD)
q Reflecting F1Q02 results and new F2002 guidance, our DCF model shows the
current $30 share
price assumes a far too pessimistic low-teens EPS growth rate over the next
five years relative to
our 19% projection and management's 25% target. We would actively put new
money to work in
this blue chip Business & Professional Services company.
q On September 20, PAYX reported F1Q02 (ended August) EPS of $0.19 up 20%
year over year and in-line
with our estimates and the Street consensus.

Adept Technology 	Edward White
Insight into Photonics Area 2 - Buy / 4.25 (USD)
q While fundamentals in all of the company's served markets are particularly
weak, we believe the
company's position in photonics assembly automation supports purchase of the
shares for long-term
risk-oriented investors.
q Recently, we attended a presentation by Adept Technology, highlighting the
company's capabilities in
photonics assembly automation. We believe the key takeaway is that the
company's strategy of designing
and developing platforms is progressing well.
q We believe a critical differentiating factor for Adept in the photonics
market is the company's software
simulation capability, which has been critical to the co's initial successes
with customers, but is not
currently appreciated by investors.

JDS Uniphase A	Arnab Chanda
Preannounces; Remain Cautious 3 - Market Perform / 5.36 (USD)
q We continue to be cautious on JDS Uniphase and would look for entry points
once carrier capex
stabilizes.
q As we expected, JDS lowered its FQ1 rev forecast to $325M (down 46% q/q)
vs our previous forecast of
$400M (down 33% q/q). Although the company is seeing early signs of
stabilization in demand, we
continue to believe that margin compression could be a bigger issue due to
pricing.
q We are reducing CY01 revs from $2,281M (down 20% y/y) to $2,155M (down 24%
y/y) and CY02 from
$1,588M (down 30% y/y) to 1,356M (down 37% y/y). We believe gross margins
will continue to decline and
are modeling 38% in FQ1 and 36% in FQ2. We are also reducing FQ1 EPS from
($0.02) to ($0.03), CY01
EPS from $0.13 to $0.11, and CY02 EPS from $0.07 to $0.02

National Semiconductor
Shareholder Mtg.-FQ2 Guidance Reaffirmed 3 - Market Perform / $22.50 (USD)
q NSM hosted a shareholder meeting on Fri., reiterating FQ2 guidance of revs
up 5-7% q/q. Although
the company made positive comments on recent order activity, NSM was
uncertain about the near-term
prospects for end demand. This view is in-line with our concerns.
q National indicated that its turns business has remained healthy through
last week. The company is seeing
relative strength particularly in wireless (25% of revs) and displays (10%
of revs). Similarly to our view,
however, NSM is uncertain about the implications for real end demand given
the weakening economy and
this month's tragic events

David C. Morris
Sr. VP Lehman Brothers
713-652-7112/800-227-4537
dcmorris@lehman.com

Disclosure Legend: A-Lehman Brothers Inc. managed or co-managed within the
past three years a public offering of securities for this company. B-An
employee of Lehman Brothers Inc. is a director of this company. C-Lehman
Brothers Inc. makes a market in the securities of this company. G-The
Lehman Brothers analyst who covers this company also has position in its
securities.
Key to Investment Rankings: This is a guide to expected total return (price
performance plus dividend) relative to the total return of the stock's local
market over the next 12 months. 1 = Buy (expected to outperform the market
by 15 or more percentage points); 2=Outperform (expected to outperform
the market by 5-15 percentage points); 3=Neutral (expected to perform in
line with the market, plus or minus 5 percentage points); 4=Underperform
(expected to underperform the market by 5-15 percentage points); 5=Sell
(expected to underperform the market by 15 or more percentage points);
V=Venture (return over multiyear time frame consistent with venture capital;
should only be held in a well-diversified portfolio).
This document is for information purposes only. We do not represent that
this information is complete or accurate. All opinions are subject to
change.
The securities mentioned may not be eligible for sale in some states or
countries. This document has been prepared by Lehman Brothers Inc., Member
SIPC, on behalf of Lehman Brothers International (Europe), which is
regulated by the SFA. ?Lehman Brothers, Inc.

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I promise I didn't forget about you tonight!

RR


hello everyone,

Although I was not the original credit person associated with this draft, I
am the current to date credit person responsible because of Rod's departure.
The customer is ready to sign the ISDA.  The address to overnight the
execution copies has not changed.  The contact and collateral threshold
figure have changed though.

The hardcopy original should be sent to Mandel Selber, 281-537-9920 ext.
134.  The new dollar amount of the collateral threshold should be $1MM, not
$500M as was originally sent over within the draft.  I think that is it.

Let me know if I can be of any further assistance.

Thanks
brant


- execsummary.PDF


We're still trying to trace the wire.  And Elaine is happy with my new letter
(so far).  I'll keep you posted.  SS


Following is the list of admins in 3AC this memo should go to:

Acosta, Hope; Adamek, Gaby; Alder, Amelia; Alexander, Betty; Arteaga, Nessi; Beddingfield, Liz (Mary); Carnes, Molly; Cole, Cheryl; Eagle, Monica; Forney, Judy; Frie, Kathie; Garza, Sarita; Hernandez, Dahlia; Jones, Nyree; Ladish, Kim; Lehr, Tonai; Melton, Teddie; Meyer, Melinda G.; Morris, Alliece; Pattison, Kim; Perales, Maria; Torres, Anabelle; Willard, Kathy; Young, Debra

Thanks for your help with this.

Ruthann
x66538

 -----Original Message-----
From: 	Daily, Pamela
Sent:	Monday, November 26, 2001 3:48 PM
To:	Frausto, Ruthann
Subject:	FW: Draft memo to admins

Let's go ahead with this, please. If you would forward a list to Rod and/or Kathy to send out from Rod, please...

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Thursday, November 15, 2001 11:05 AM
To:	Frausto, Ruthann; Daily, Pamela
Subject:	RE: Draft memo to admins

How about sending it out from me.

 -----Original Message-----
From: 	Frausto, Ruthann
Sent:	Thursday, November 15, 2001 10:32 AM
To:	Hayslett, Rod; Daily, Pamela
Subject:	RE: Draft memo to admins

How's this?

Recently we've had a couple of mix ups regarding vacant office space and phone moves. In light of this, we'd like to help by coordinating the moves in 3AC like we've been doing in the Enron Building. We know you are all very busy, and we'll be happy to submit move requests for you, including telephone moves and reassignments.

This will also enable us to keep current on floor space billing and make sure it gets corrected when an employee moves.

Please contact Ruthann (x66538) for assistance with any moves in 3AC, and Pam (x36135) for assistance with any moves in the Enron Building. Of course, if one of us is unavailable, feel free to call the other. If an office or cubicle is vacant and you would like to move someone into it, please contact us, so we can help coordinate it and hopefully avoid confusion.

Thanks for your help.

Pam Daily and Ruthann Frausto

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, November 13, 2001 8:51 AM
To:	Daily, Pamela; Frausto, Ruthann
Subject:	RE: Draft memo to admins

Maybe overkill, I would rather send them an email talking about the problems, and they have to let you 2 know when they going to use a space, and how they can coordinate stuff with you 2 instead of dictating.   I am little touchy right now about how to approach people, so we need to be careful.   I am open to more discussion on this, just would like to soften the tone a litlle.

 -----Original Message-----
From: 	Daily, Pamela
Sent:	Monday, November 12, 2001 6:18 PM
To:	Frausto, Ruthann
Cc:	Hayslett, Rod
Subject:	RE: Draft memo to admins

That sounds good. We might also want to include any other request that would potentially use a "space" such as tables for data rooms, contractors, etc. If they think it only applies if they are actually moving a person or phone, the spaces we think we have available may be used without churns. For instance, sometimes I think spaces are available for use, only to find boxes and/or equipment has been set up. Just a thought. What do you think -- overkill?

 -----Original Message-----
From: 	Frausto, Ruthann
Sent:	Monday, November 12, 2001 3:19 PM
To:	Daily, Pamela
Subject:	Draft memo to admins

What do you think of this to send out to the admins in 3AC?

In an effort to better control our space planning needs, effective immediately all ETS moves will be coordinated by Pam Daily and Ruthann Frausto. This pertains to all moves, including telephone only moves.

Please contact Pam (X36135)  regarding any moves in the Enron Building, and contact Ruthann (x66538) regarding any moves in the 3AC building. Of course, if one of us is unavailable, feel free to contact the other.

Thank you for your cooperation.

Feel free to make any changes you'd like.

RF


Pat,

I have been working with Volume Management, Settlements, Vance, and Bob to
clean up some prior period and prior-to-current month issues.  This process
should result in a correction to booked profit/loss for Vance and the desk.
This has brought to my attention that we have been paying some parties
manually for volumes when deals are not correctly entered.  I would propose
that Logistics be included in the communication of when checks are manually
cut.  It would be especially beneficial if we tracked manual checks by
counterparty, meter, and/or deal ticket id or price.  I feel that this will
allow us to spot and resolve potential issues more effectively.

Please let me know what your thoughts are on this matter.

Thank you for your time,

Mary

ext 35251


I changed the deal to DYNEGYMARAND.

Thanks,  Errol

	Enron North America Corp.

	From:  Julie Brewer                           03/14/2001 02:33 PM

To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject: EOL Deal

Errol-

Deal Number QW8614.3 was put in manually as a trade with Dynegy Canada.
However, I looked in Enron Online and it says that the counterparty is Dynegy
Marketing and Trade.

Thanks.


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/21/2000
04:01 PM ---------------------------

"Jacqueline Blanchard" <Jacqueline.Blanchard@dvn.com> on 06/21/2000 03:47:15
PM
To: <Ami.Chokshi@enron.com>
cc:

Subject: West Cameron 587

 - TEXT.htm


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 1st

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


-----Original Message-----
From: 	Alexander, Kim D
Sent:	Monday, November 19, 2001 1:10 PM
To:	Kuykendall, Tori
Cc:	Dronet, David
Subject:	RE: Spreads/Curves Status

Yes!

At the time of my last update I had access to the data but was unable to retrieve anything.
This was resolved last week Thursday.  I've put together a project plan and have estimated
dates for each task below.

1.  Identify curves and get your signoff for usability of the numbers (11/20).
2.  Merge curves together (11/21)
3.  Demo a simple spread cacluation off merged curves (11/21)
4.  Demo retrieval of curves for recent days (11/26)
5.  Perform all math needed.  (11/28)
6.  Output the results to HTML (12/5)
7.  Deploy (12/7)

Thanks,
Kim

>  -----Original Message-----
> From: 	Kuykendall, Tori
> Sent:	Monday, November 19, 2001 10:29 AM
> To:	Alexander, Kim D
> Subject:	RE: Spreads/Curves Status
>
> any new progress on this??
>
>  -----Original Message-----
> From: 	Alexander, Kim D
> Sent:	Tuesday, November 13, 2001 8:37 AM
> To:	Dronet, David
> Cc:	Kuykendall, Tori
> Subject:	Spreads/Curves Status
>
> Dave --
>
> I've access to the MKM data sources and am investigating what
> resides there and how
> it can be requested and assembled.  I spoke to Thomas
> yesterday and it looks like they
> have all the ERMS curves and can convert the curve amounts
> into any currency so Frankie's
> rate service might not be required afterall.
>
> My hope is to use MKM to retrieve the data sets as XML, smash
> them together on time boundaries,
> and use XSLT to peform simple math, translation and
> presentation functions.
>
> I've updated Tori that I now have access to the datasource
> and am looking into what's
> there and how to assemble it.   Fortunately for me she's been
> very patient -- as I've not been
> able to provide her with an estimate yet, but will do so as
> soon as I understand what's all involved.
>
> Kim
>
>
>
>
> >  -----Original Message-----
> > From: 	Alexander, Kim D
> > Sent:	Wednesday, November 07, 2001 12:31 PM
> > To:	Kuykendall, Tori
> > Cc:	Dronet, David
> > Subject:	Spreads/Curves Status
> >
> > Hi Tori,
> >
> > I'm working on getting you a ETA.  I've been working on
> > getting access to the data I need for the project.
> > I got approval today and should be able to provide you with a
> > estimate by Friday.
> > I apologize for the delay but am certain you'll be happy with
> > the result.
> >
> > Kim Alexander
> > Ph.(713) 345-3868
> > Email: kim.d.alexander@enron.com
> > Pager: 8778590380@pagenetmessage.net
> >


Please add the following credit reserve for September.

Counterparty: PG&E Energy Trading-Power, L.P.
Trader: Rob Benson
Deal #: 781643.1
Deal Date: 09/19/2001
Deal Description: EPMI selling 50 MW on peak power into PJM (Western Hub) Cal 05
Notional Volume: 204,000 MW
Term: 1/01/2005 through 12/31/2005
Delivery Point: PJM (Western Hub)

**Reserve Amount** $20,000 (Twenty Thousand US Dollars)

Transaction confirmed under EEI executed 03/01/2001.

Thanks,
Wendy Conwell


Attached is an e-mail containing revisions and additions El Paso recommends be
made to SoCalGas' draft Exhibit 28 which was distributed for further comment
to
parties on June 16, 2000.  This e-mail has two attachments.  The first
attachment
is a revised copy of SoCalGas' table titled "Firm Pipeline Capacity into
Southern
California" with changes to:  (a) correct the amount of firm interstate
capacity on
El Paso at Topock, shown in the col. "Incoming Interstate Capacity," by
replacing
the incorrect figure, 2230 MMcfd (which includes capacity for delivery to SW
Gas
which is not available to California on a firm basis) with the correct
figure,  2080
MMcfd; (b) delete the reference to El Paso delivery capacity to SW Gas from
the
col. "Total Take-away Capacity" since this capacity is not firm capacity
available
to California; (c) adjust the totals at the bottom of both cols. affected by
these
changes; (d) add a new footnote to reference to the fact that shippers on El
Paso
have existing firm contract rights for delivery from El Paso at Topock to
SoCalGas
totaling 1466 MMcfd which exceeds SoCalGas' take-away capacity at Topock
and clearly creates a "mismatch"; and (c) add reference in footnote (2) to the
physical capacity of Kern/Mojave at the interconnection with SoCalGas at
Wheeler Ridge South, which is in excess of 680 MMcfd even though the metering
is currently set to 500 MMcfd.   The second attachment contains two schematics
intended to supplement SoCalGas' draft map of receipt points and
interconnections.  These schematics more accurately reflect the actual
physical
interconnections at Topock and Hector Ridge and correct both the inaccurate
impression that the interconnect with  El Paso at Topock consists of several
separate pipelines with no cross over, and that inaccurate impression that
several
interconnections may exist between pipelines at Hector Road .   El Paso
understands and acknowledges that there are a number of possible responses to
Administrative Law Judge Biren's request for a late filed exhibit concerning
"mismatches" and pipeline capacity upstream and downstream from SoCalGas
receipt points.  In the spirit of compromise, El Paso  will not oppose
SoCalGas
filing an exhibit as proposed 6/16/00 provided it is revised to reflect the
changes
and additions El Paso has proposed in this e-mail.   Very truly yours, Edward
W.
O'Neill, Jeffer, Mangels, Butler & Marmaro LLP,  One Sansome Street, San
Francisco, CA 94104, (415) 398-8080, fax: (415) 398-5584, e-mail
ewo@jmbm.com, for El Paso Natural Gas Company.
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Return-Receipt-To: "Healy, William H." <HealyW@EPEnergy.com>
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Date: Mon, 19 Jun 2000 17:32:09 -0700
From: "Healy, William H."  <HealyW@EPEnergy.com>
To: FergusonM@EPEnergy.com, SF40#c#SF40.NCO#c#EWO@JMBM.COM
Cc: McConnK@EPEnergy.com, WeaverJ@EPEnergy.com
Subject: RE: SoCalGas' latest revised draft exhibit re upstream and
downstream capacity-Forwarded
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_4E163481.4F2E4160"

Here is a copy of SoCal's table describing firm capacity to California with
the changes we discussed:
 <<GIR-exhibitpipe999.xls>>

In addition, here are the two sketches that help to describe Topock and
Hector Road:
 <<Interconnect Sketch.xls>>

******************************************************************
This email and any files transmitted with it from El Paso
Energy 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.
******************************************************************

 - GIR-exhibitpipe999.xls
 - Interconnect Sketch.xls


I wasn't sure from your email if you wanted to review it now, or wait until
Jackie and I sort through some things.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/10/2000 10:47
AM ---------------------------

"Scheib, Jacqueline Pennino" <jscheib@rc.com> on 11/10/2000 08:54:15 AM
To: "Jerry Leitman (E-mail)" <jleitman@fce.com>, "Ross M. Levine (E-mail)"
<rlevine@fce.com>, "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Sellay, William" <WSELLAY@RC.com>

Subject: FW: FuelCell / Enron

Our server is back up - sorry for the delay in your receipt of these
comments which were initially sent out last night.  A message from our
system administrator indicates that Kay already received the message below
but Ross and Jerry did not.  Just to be safe I am resending to all of you.

>  -----Original Message-----
> From:  Scheib, Jacqueline Pennino
> Sent: Thursday, November 09, 2000 10:14 PM
> To: 'kay.mann@enron.com'; Jerry Leitman (E-mail); Ross M. Levine
> (E-mail)
> Cc: Sellay, William
> Subject: FuelCell / Enron
>
> As discussed, attached is a clean and blacklined version of the FuelCell /
> Enron Agreement reflecting the parties' agreements over the past two days.
> The marked up comments list will follow shortly by PDF file.  Please note
> that some of the members of my client's team will be seeing this at the
> same time as you and therefore may have additional comments.
>
>    <<FuelCell Enron (CLEAN) Purchase Agreement.doc>>  <<FuelCell Enron
> (RED) Purchase Agreement.rtf>>
>
>
> --------------------------------------------------
> Jacqueline Pennino Scheib, Esq.
> Robinson & Cole LLP
> 280 Trumbull Street
> Hartford, CT  06103
> (p) 860-275-8285
> (f) 860-275-8299
> jscheib@rc.com
>

 - FuelCell Enron (CLEAN) Purchase Agreement.doc
 - FuelCell Enron (RED) Purchase Agreement.rtf


**Clarification**

Harassment Prevention Training

This training is mandatory for all Enron employees employed since the last
seminar was conducted  in late 1998 or early 1999.  Those who have already
attended Enron harassment avoidance training will be offered a refresher
course in avoiding and preventing harassment.

To contribute our personal best at ENRON, our conduct must promote respectful
and co-operative work relationships. Workplace harassment conflicts with
ENRON's vision and values and violates Company policy.  Harassment also can
violate federal and state laws.  By understanding what harassment is and its
potential harm, we can prevent it in our workplace.

During this training you will:

 Be able to recognize harassment
 Learn to take precautions against being harassed
 Learn to avoid being considered a harasser
 Know how to address a situation involving harassment
 Learn how harassment prevention is consistent with ENRON values

Please click here (  )  to sign up for the session of your choice.    If you
have problems registering or have any questions, please call 713 853-0357.

We are pleased to announce that all employees of EWS and EES will receive
harassment prevention training.

The dates and times available for the sessions are:

 Friday, Feb 23; 1:00 - 2:30; 2:45 - 4:15
  Monday Mar 5; 1:00 - 2:30; 2:45 - 4:15; 4:30 - 6:00

All training sessions will be held in the LaSalle Room at the DoubleTree
Hotel.
There is a $50 charge for each attendee in the training session.


The new P&L is in the following directory under NT Explorer:
M:/Electric/24hour/application/PandLNew.exe.  There have been many great
ideas and suggestions on how to handle the new reorg.  There is one thing to
remember in all of this, we are still a team and even though you have your
own p&l for whatever region that you are responsible for we are all still
responsible for Enron.  Below is a list or guidelines on how to handle the
different situations.

The hourly books are Northeast Hourly, Midwest Hourly, Southeast Hourly, and
Ercot Hourly.  There is no more Short Term Hourly or Short Term Hourly
Management.

1. Any incremental deals that are done will go into the P&L and EnPower under
the SINKS region and at the end of the shift there will be an annuity done
between the appropiate regions.  For example:   AEP-TVA-SOCO  Everything will
go in the Southeast Hourly book.  Then Southeast Hourly will do an annuity to
give Midwest Hourly their share.  Everything will be split down the middle.

2. Any positions that we inherit will go into the region where the position
is and then there will be a Book Transfer done to balance everyone.  For
example:  ENWC is long 100 mw's.  The transmission and sell will go in the
Midwest Hourly P&L and Book in EnPower and then a Book Transfer will be done
between Midwest Hourly and whatever book that the position is in.

3. We had a situation today where Hourly Northeast wanted to buy the ENWC
position to take to PJM and his bid was better than the market.  The correct
way to handle this would be that Hourly Midwest  to sell Horly Northeast the
power at ENWC. Hourly Northeast   would put a buy from Midwest Hourly, the
transmission, and the PJM sell in the Northeast Hourly book  and P&L.
Midwest Hourly would put a sell to Northeast Hourly in their P&L and book and
then would do a Book Transfer with the responsible book of the ENWC position.

It is very important that we learn EnPower like the back of our hands.  Tresa
Allen's group will no longer baby sit us, it is now our responsiblity.  It is
crucial that you understand what book that positions are in,  Some positions
could be in multiple books. Corry has told me that the scheduler's will try
to put what books are responsible for what positions on their lotus notes
that they put out.  You can also look the deals up in EnPower.  EnPower is a
process that shows how acurate you are and whether or not you can pay
attention to detail.

If you have any questions please let me know I am available 24/7.

Thanks
Kayne


Figured you did, but better to be safe than sorry!


Mark, see below the percentage allocations for Michelle Cash and Richard
Sanders (all ENA) received from Kris Armstrong.  Deb

Deb Korkmas
Enron North America Corp.
ENA Legal Dept.
1400 Smith Street, Room 3819
Houston, TX  77002
Phone:  713-853-5448
Fax:  713-646-3393
----- Forwarded by Deb Korkmas/HOU/ECT on 10/23/2000 10:22 AM -----

	Kristin Armstrong
	10/23/2000 09:03 AM

		 To: Deb Korkmas/HOU/ECT@ECT
		 cc:
		 Subject: Cash-Sanders Allocations

Deb - see attached.

Kris


fyi

 -----Original Message-----
From: 	Vickers, Frank
Sent:	Wednesday, January 30, 2002 4:00 PM
To:	Tycholiz, Barry; Neal, Scott; Shively, Hunter S.; Martin, Thomas A.; Bryan, Gary; Larubbio, Morris; Ward, Kim; Lagrasta, Fred; McCaffrey, Deirdre; Frihart, Bryant; Mims, Patrice L.
Subject:	FW: Firm Gas General Terms and Conditions

I am sure that I have accidentally left off someone that should receive a copy of this, if so please forward it.  Legal will be providing a "Contract 101" class at some point to discuss these documents as well as Masters, GISB's, etc.  Please review this material and provide me with any material comments that you may have.  I will aggregate any comments and coordinate with legal.

Frank
 -----Original Message-----
From: 	Cook, Mary
Sent:	Wednesday, January 30, 2002 2:37 PM
To:	'bryan.murtagh@ubsw.com'; Taylor, Mark E (Legal); St. Clair, Carol; Nemec, Gerald; Sager, Elizabeth; Hodge, Jeffrey T.; Davis, Angela; 'william.glass@ubsw.com'; 'lisa.feld@ubsw.com'; 'sanjeev.karkhanis@ubsw.com'; 'gary.riddell@ubsw.com'; 'jennifer.gabrielson@ubs.com'; 'david.maloy@ubsw.com'; 'jeff.stewart@ubsw.com'
Cc:	Haedicke, Mark E.; Gonzalez, Esmeralda; Bradford, William S.; Vickers, Frank; Calger, Christopher F.; Kitchen, Louise
Subject:	Firm Gas General Terms and Conditions

Attached are clean and redline versions of the current draft of firm gas general terms and conditions to be traded online and over the counter and with or without collateral.
Interruptible gas general terms and conditions will follow today.

Esmeralda, please set up the above group, including cc addresses as a contact group:  UBS Gas Forms

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Jay,

I want to set up a monthly automatic transfer from my checking account but
have had trouble getting a PIN number from the phone number that was mailed
to me.  I want to have $1,065 transferred into the CMA account; on the 15th
of each month if possible.  I would like $150 transferred into 226-27211 and
then used to purchase the mutual fund already in the account, $175
transferred into 226-27210 and then used to purchase the mutual fund already
in the account, and then have the remaining amount ($740) used to purchase
the mutual fund in the CMA account (226-27209).  Please help.  Thanks.

DG
713-853-9573


RE:  NOTICE TO CLAY BASIN CAPACITY HOLDERS

Questar Pipeline Company (Questar) is planning to perform Clay Basin inventory verification and deliverability tests beginning April 2, 2002.  These tests will involve a 14-day shut-in of Clay Basin for reservoir gas inventory verification followed immediately by a 2-day field deliverability test.
D
 uring the 14-day shut-in, Clay Basin customers will not be able to utilize their storage service.  However, in order to facilitate the 2-day deliverability test, an Operational Flow Order (OFO) will be issued and storage capacity holders will be required to take a pro-rata share of their withdrawal capacity from a total volume of 300,000 dth in a 32-hour period.

Questar will work with storage customers to facilitate transportation of their gas supply during this time period.  Questar is interested in finding ways to minimize the impact of this testing on its shippers.  Please contact your Questar marketing repesentative to discuss the testing process.


Crude 24X7 WTI Marketing Effort

Trade Count:
 302 Trades
 14.3 Millions of Barrels
 15 Counterparties Transacting Today
 30 Counterparties Transacting to Date
 761 Millions of Barrels Traded YTD

Comments:
? . 81 Trades and 3.7 Million Barrels were traded over the weekend by 6
counterparties.

? NOTE: The EnronOnline Volumes on the NYMEX comparison chart are multiplied
by 10 in order to be in scale with the NYMEX volumes. This chart is for trend
analysis only and does not represent absolute figures.


-----Original Message-----
From: 	"Franksen, Robert" <RFranksen@usg.com>@ENRON [mailto:IMCEANOTES-+22Franksen+2C+20Robert+22+20+3CRFranksen+40usg+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, June 29, 2001 8:50 AM
To:	'Amy Gillett'; 'Brian Montgomery'; 'Craig Riege'; 'Craig Riege (amfam)'; 'Dave Abbott'; 'Don Hutcheson'; 'James Kueck'; 'John Barth'; 'John Powers'; 'John Spethman'; 'Karen Sacks'; 'Kris Thomas'; 'Melissa Defalco-Menge'; 'Michael Bishop'; 'Michael Brooks'; 'Mike Turchi'; 'Molly Elvig'; 'Peter Crabtree'; 'Phil Platter'; Platter, Phillip; 'Randy Lund'; 'Reid Wilson'; 'Rob Hoglund'; 'Tammy Abbott'; 'Traci Riege'
Subject:	FW: "The List"
Importance:	High

See below.
Robert W. Franksen
Real Estate Administration Manager
USG Corporation
(312) 606-4507
rfranksen@usg.com
-----Original Message-----
From:   Marwede, Andrew [SMTP:amarwede@dlj.com]
Sent:   Wednesday, June 27, 2001 4:07 PM
Subject:
Importance:     High
Sensitivity:    Confidential
This was just forwarded to me by my mom.  You definitely only want to read
this one during some quiet time...
17-year-old Brian Moore had only a short time to write something for the
Fellowship of Christian Athletes meeting.
It was his turn to lead the discussion so he sat down and wrote.
He showed the essay, titled "The Room" to his mother, Beth,
before he headed out the door.
"I wowed 'em." he later told his father, Bruce.
"It's a killer, It's the bomb. It's the best thing I ever wrote."
It also was the last.
Brian's parents had forgotten about the essay when a cousin found it while
cleaning out the teenager's locker at Teary Valley High School.
Brian had been dead only hours, but his parents desperately wanted every
piece of his life near them -- the crepe paper that had adorned his locker
during his senior football season, notes from classmates and teachers, his
homework.
Only two months before, he had handwritten the essay about encountering
Jesus in a file room full of cards detailing every moment of the teen's
life.
But it was only after Brian's death that Beth and Bruce Moore realized
that their son had described his view of heaven.
"It makes such an impact that people want to share it. You feel like you
 are there." Mr. Moore said.
Brian Moore died May 27, 1997, -- the day after Memorial Day.
 He was driving home from a friend's house when his car went off
Bulen-Pierce Road in Pickaway County and struck a utility pole. He emerged
from the wreck unharmed but
stepped on a downed power line and was electrocuted.
Brian seemed to excel at everything he did. He was an honor student. He told
his parents he loved them "a hundred times a day", Mrs. Moore said. He was a
star wide receiver for the Teary's Valley
Football team and had earned a four-year scholarship to Capital University
in Columbus because of his athletic and academic abilities. He took it upon
himself to learn how to help a fellow student who used a wheelchair at
school.
During one homecoming ceremony, Brian walked on his tiptoes so that the girl
he was escorting wouldn't be embarrassed about being taller than him.
He adored his kid brother, Bruce, now 14.
He often escorted his grandmother, Evelyn Moore, who lives in Columbus, to
church.
"I always called him the "deep thinker", Evelyn said of her eldest grandson.
Two years after his death, his family still struggles to understand why
Brian was taken from them.
They find comfort at the cemetery where Brian is buried, just a few blocks
from their home. They visit daily. A candle and dozens of silk and real
flowers keep vigil over the gravesite.
The Moore's framed a copy of Brian's essay and hung it among the family
portraits in the living room.
"I think God used him to make a point. I think we were meant to find it and
make something out of it," Mrs. Moore said of the essay.
She and her husband want to share their son's vision of life after death.
"I'm happy for Brian. I know he's in heaven. I know I'll see him again
someday." Mrs. Moore said.
"It just hurts so bad now."
 The Room...
 In that place between wakefulness and dreams, I found myself in the room.
There were no distinguishing features except for the one wall covered with
small index card files. They were like the ones in libraries that list
titles by author or subject in alphabetical order. But these files, which
stretched from floor to ceiling and seemingly endless in either direction,
had very different headings.
As I drew near the wall of files, the first to catch my attention was one
that read "Girls I have liked."
I opened it and began flipping through the cards.
I quickly shut it, shocked to realize that I recognized the names written
on each one.
And then without being told, I knew exactly where I was.
This lifeless room with its small files was a crude catalog system for my
life.
 Here were written the actions of my every moment, big and small,
in a detail my memory couldn't match.
A sense of wonder and curiosity, coupled with horror, stirred
within me as I began randomly opening files and exploring their content.
Some brought joy and sweet memories; others a sense of shame and regret so
intense that I would look over my shoulder to see if anyone was watching.
A file named "Friends"
was next to one marked
"Friends I have betrayed."
The titles ranged from the mundane to the outright weird.
"Books I Have Read,"
"Lies I Have Told,"
"Comfort I have Given,"
"Jokes I Have Laughed at."
Some were almost hilarious in their exactness:
"Things I've yelled at my brothers."
Others I couldn't laugh at:
"Things I Have Done in My Anger"
"Things I Have Muttered Under My Breath at My Parents."
I never ceased to be surprised by the contents.
Often there were many more cards than I expected.
Sometimes fewer than I hoped.
I was overwhelmed by the sheer volume of the life I had lived.
Could it be possible that I had the time
in my years to write each of these thousands or even millions of cards?
But each card confirmed this truth.
Each was written in my own handwriting.
Each signed with my signature.
When I pulled out the file marked
"Songs I have listened to,"
I realized the files grew to
contain their contents.
The cards were packed tightly,
and yet after two or three yards,
I hadn't found the end of the file.
I shut it, shamed, not so much by the quality of music
but more by the vast time I knew that file represented.
When I came to a file marked
"Lustful Thoughts,"
I felt a chill run through my body.
I pulled the file out only an inch,
not willing to test its size,
and drew out a card.
I shuddered at its detailed content.
I felt sick to think that such a moment had been recorded.
An almost animal rage broke on me.
One thought dominated my mind:
"No one must ever see these cards!
No one must ever see this room!
I have to destroy them!"
In insane frenzy I yanked the file out.
Its size didn't matter now.
I had to empty it and burn the cards.
But as I took it at one end and began pounding it on the floor,
I could not dislodge a single card.
I became desperate and pulled out a card,
only to find it as strong as steel when I tried to tear it.
Defeated and utterly helpless, I returned the file to its slot.
Leaning my forehead against the wall,
I let out a long, self-pitying sigh.
And then I saw it.
The title bore "People I Have Shared the Gospel With."
The handle was brighter than those around it,
newer, almost unused.
I pulled on its handle and a small box not more than three inches
long fell into my hands.
I could count the cards it contained on one hand.
And then the tears came.
I began to weep.
Sobs so deep that they hurt.
They started in my stomach and shook through me.
I fell on my knees and cried. I cried out of shame,
from the overwhelming shame of it all.
The rows of file shelves swirled in my tear-filled eyes.
No one must ever, ever know of this room.
I must lock it up and hide the key.
But then as I pushed away the tears,
I saw Him.
No, please not Him.
Not here.
Oh, anyone but Jesus.
I watched helplessly as He began to open the files and read the cards.
I couldn't bear to watch His response.
And in the moments I could bring myself to look at His face,
I saw a sorrow deeper than my own.
He seemed to intuitively go to the worst boxes.
Why did He have to read every one?
Finally He turned and
looked at me from across the room.
He looked at me with pity in His eyes.
But this was a pity that didn't anger me.
I dropped my head,
covered my face with my hands and began to cry again.
He walked over and put His arm around me.
He could have said so many things.
But He didn't say a word. He just cried with me.
Then He got up and walked back to the wall of files.
Starting at one end of the room, He took out a file and,
one by one, began to sign
His name over mine on each card.
"No!"
 I shouted rushing to Him.
All I could find to say was
"No, no, "
as I pulled the card from Him.
His name shouldn't be on these cards.
But there it was,
written in red so rich,
so dark,
so alive.
The name of Jesus covered mine.
It was written with His blood.
He gently took the card back.
He smiled a sad smile and began to sign the cards.
I don't think I'll ever understand how He did it so quickly,
but the next instant it seemed I heard Him close the last file and walk
 back to my side.
He placed His hand on my shoulder and said,
"It is finished."
I stood up, and He led me out of the room.
There was no lock on its door.
There were still cards to be written.
"I can do all things through Christ who strengthens me." ---Phil. 4:13
"For God so loved the world that He gave His only son,
that whoever believes in Him shall not perish but have eternal life."
If you feel the same way forward it to as many people as you
can so the love of Jesus will touch their lives also.
My "People I shared the gospel with" file just got bigger,
how about yours?
A. Andrew Marwede
Private Client Services
Donaldson, Lufkin & Jenrette Securities Corporation
an affiliate of
> CREDIT  FIRST
> SUISSE  BOSTON
200 West Madison Street, Suite 1800
Chicago, IL  60606
312.345.6069 or 866.870.6404 phone
312.345.6056 fax
andrew.marwede@csfb.com


We will have two INTERNAL Product Types released this weekend.

US East Power Phy Fwd EES (EES ONLY INTERNAL)  - Please Note this is for
Enron Energy Service ONLY.  All other counterparties will not be able to view
this product type.

 CAN Gas Fin Swap (INTERNAL ONLY) - Please do not update External
counterparties for this product type.

Let me know if you have any questions.

Thank you,
Stephanie


Hi Guys,
?
Good news, the campout for this weekend will take place at  Camp Pine Tree
rather than Camp Cullen.? Camp Pine Tree is just north of  Houston off I-45
near Old Town Spring.? The Dads and boys are planning to  meet for dinner
Friday at 6 pm at Fuddruckers on I-10 (behind Pappasitos) and  then drive up
to the camp and check in.? Rick is working with LeRoy at the  YMCA to have
everyone in the cabin.? For more information about the Camp  you can log onto
www.campymca.org
?
?
?On December 9th the Indian Guides will meet with the  YMCA KODA nation at
Sharpstown Ice Center , 7300 Bellerive, at Noon and will  skate until 1:30.?
Admission is $5.64 per person which includes skate  rental.? ( Santa is going
to stop by too!!!)? Please let Rick Matthews  or myself know if you plan to
attend so we can pass the information along to the  YMCA for planning
purposes.
?
Call if you have any questions and I will try to answer them  or get answers
for you.
?
Patti Mooney
713/365-0174


eThink Stuff For Sale!
That's right; get your very own eThink apparel, accessories and office
gadgets at the Signature Shop online.  Direct your web browser to the
Signature Shop, and then click "eThink Merchandise" to see the complete
line.  Happy shopping!

eSpeak is back!  Tuesday, December 5 at 10:00 am Houston time, please join
Chairman and CEO Ken Lay for an open-mike eSpeak event.  This is your last
chance of the year to ask Ken questions about the issues most important to
you.  Don't miss it!


Can you check with the trader on this deal.  We have had to change several
deals input with this CP name.  I believe it should be FPL Energy Power Mktg.
not  Florida Power & Light Company.  I think one is a utility which would be
local and one is a marketer, who can trade anywhere.

Thanks!


fyi
Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com
----- Forwarded by Lisa Mellencamp/HOU/ECT on 05/09/2001 04:04 PM -----

	Charles Ward@ENRON
	05/09/2001 02:11 PM

		 To: Jeff Donahue/Enron Communications@Enron Communications, Stephen D
Douglas/NA/Enron, Morris Richard Clark/Enron@EnronXGate, Todd
Busby/NA/Enron@Enron, Lisa Mellencamp/HOU/ECT@ECT, Timothy J Detmering/HOU/ECT
		 cc:
		 Subject: Tax discussion on Sithe treatment of structure

Stephen has requested a meeting to discuss this matter as he has some serious
concerns about Sithe's treatment and future ramifications.  The only mutual
Stephen and Jeff time is Monday from 1-2pm in Jeff's office.  See you then.
Chuck


John,

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

Regards,
Michael


Jeff,

Can you comment on the Reservation charge change that happened 6/1/2000?

Thanks,

Denise
---------------------- Forwarded by Denise Wilder/SFO/EES on 10/02/2000 04:36
PM ---------------------------

	Enron Energy Services

	From:  Denise Wilder                           10/02/2000 04:21 PM

To: ramid@csc.com, Roger O Ponce/HOU/EES@EES, Adam Cooper/DUB/EES@EES, Zarin
Imam/HOU/EES@EES
cc:
Subject: GCS Reservation charge Change (SoCalGas)

I have noticed we have not been beating the SoCalGas price.  As I
investigated this further, it appears the SoCalGas Reservation Charge was
changed as of 6/1/00.  Did you notice this?  I don't think I saw the changes
reflected on the most recent Savings Analysis spreadsheet.  I have attached
the 8/2000 Commercial Industrial Rate Schedules Summary.

Can you please give some feedback?  I want to know how this should be
figured.  The last rate was based upon November's usage, divided by # of
days.

Thanks,

Denise


Daren you are correct in that this was only in MOPS for the 26th.  It was
edi'd over to POPS from the 25th through the 31st populating all days with
the 16,700 nom.  The nom was never -0- out in POPS therefore the change
notification process in POPS did not pick up a change at this meter.  This
meter is pathed by Kim and confirmed by me - it is extremely odd that this
was missed in MOPS.  The record would have been out of balance and someone,
if not several people, normally would make a comment on this.   Also  -  all
of my records indicate that the 16,700 was good through the 31st except the
MOPS entry.  My confirmations with Koch didn't reflect the -0- ;  the last
report I have from Koch indicated the 16,700 stayed on, there was no record
of a phone call indicating anything other than 16,700.  It is very odd for
this many checks and balances to fail.  Also, the volumes were being sent
back to MOPS which no one caught.

I have spoken with Koch today and they agree that the 16,700 should have gone
to -0- therefore I have removed the nom from POPS confirmed volumes and
re-allocated the meter.  The OBA has taken the hit and I am working off the
imbalance now.

Daren, I am sorry that you had to look into this when you feel this is my
responsibility.  Stella was trying to help me out in clearing up errors
because I was buried in current activity, thus the e-mail to you asking for
your help.

If this doesn't answer all the questions, just give me a call.

Thanks,

Charlotte

Daren J Farmer
02/14/2000 12:50 PM
To: Stella L Morris/HOU/ECT@ECT, Charlotte Hawkins/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON
Subject: Re: Sale to Shoreline

Stella and Charlotte,

I looked into this deal.  We sold this gas for one day only.  In MOPS, the
path was nominated for 1/26 only.  However, in POPS the path was nominated
and confirmed for 1/26-1/31.  This should have been showing up as a
bridgeback error during the month.  Also, someone should have identified that
the path/nom in MOPS wasn't the same as the nom in POPS.  This discrepancy
should have been found before we closed out January.

I researched this problem by reviewing both systems (looking at the path id
in POPS, finding it in MOPS, and checking the audit on the path in MOPS).
This type of issue should be researched and solved by the logistics group,
who has all the necessary tools to find the problem.  The resolution, not the
problem, should have been presented to myself or the marketer, with an
explanation of what happened.  Some one still needs to find out how the gas
was confirmed for the 27th-31st.

Since the gas apparently flowed, we will have to apply the overflow to the
OBA.  Unless you can find a missing transport contract.

D

	From:  Stella L Morris                           02/10/2000 02:26 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: Charlotte Hawkins/HOU/ECT@ECT
Subject: Sale to Shoreline

FYI
---------------------- Forwarded by Stella L Morris/HOU/ECT on 02/10/2000
02:25 PM ---------------------------

	From:  Sherlyn Schumack                           02/10/2000 02:21 PM

To: Joanie H Ngo/HOU/ECT@ECT, Katherine Herrera/Corp/Enron@ENRON
cc: Stella L Morris/HOU/ECT@ECT
Subject: Sale to Shoreline

Joanie,

Logistics is waiting to hear from Daren on this issue.  He will either need
to extend the deal or maybe there should be another deal in place.   This
deal 155118 is valid on 1/26/00 only, but the rest of the volume you are
looking for is scheduled on days 1/27 - 1/31.    I am sure there is no
pricing on those days.

I will let you know as soon as I hear from them.


---------------------- Forwarded by Judy Townsend/HOU/ECT on 03/09/2001 11:04
AM ---------------------------

agoddard@nisource.com on 03/08/2001 09:16:57 AM
To: "        -         *Koch, Kent" <kkoch@nisource.com>, "        -
*Millar, Debra" <dmillar@nisource.com>, "        -         *Burke, Lynn"
<lburke@nisource.com>
cc: "        -         *Heckathorn, Tom" <theckathorn@nisource.com>
Subject: Columbia Distribution's Capacity Available for Release - Sum

Attached is Columbia Distribution's notice of capacity available for release
for
the summer of 2001 (Apr. 2001 through Oct. 2001).

Please note that the deadline for bids is 3:00pm EST on March 20, 2001.

If you have any questions, feel free to contact any of the representatives
listed
at the bottom of the attachment.

Aaron Goddard

 - 2001Summer.doc


FYI
----- Forwarded by Ricardo Charvel/NA/Enron on 02/08/2001 02:44 PM -----

	Max Yzaguirre
	02/07/2001 09:27 AM

		 To: Ricardo Charvel/NA/Enron@Enron
		 cc:
		 Subject: Re: Secretary Martens to meet with Ken Lay

Ricardo:

Please call me ASAP to discuss this meeting.  I am very concerned that our
regulatory strategy is getting separated from our commercial objectives.  For
a meeting of this type, I think it would be far more beneficial for Ken to
talk about specific commercial objectives than just having a general
discussion (which, as you know, wouldn't be what Martens would be seeking).
What is the agenda?  Is there a briefing book for Ken?  If so, what does it
say about our projects and project initiatives?

Max

	Ricardo Charvel
	02/06/2001 08:54 AM

		 To: myzagui@ect.enron.com, Jaime Alatorre/NA/Enron@Enron
		 cc:
		 Subject: Secretary Martens to meet with Ken Lay

Max, Jaime,
I have been coordinating a possible visit of Secretary Martens to Ken Lay in
Houston.  The initial agreement was that the Secretary would meet with Mr.
lay on Mionday Feb. 12 at 9:00 a.m.   Nevertheless since Martens has to see
President Fox on the 12th, he is requesting to see Mr. Lay on Sunday Feb.
11th in the afternoon.

Secretary Marten's is interested in having this meeting before Feb. 16th
which is when Presidents Bush and Fox are meeting in Guanajuato.

President Fox has been making statements with respect to having a common
energy policy with North America and about electricity and gas infrastructure
interconnections ( Max, he almost said from The Yukon to Yucatan) and Martens
wants to listen to Mr. Lay's opinion and build some good will there.

I will let you know if the meeting is confirmed and when it will take place.

Best,

Ricardo


----- Forwarded by Tana Jones/HOU/ECT on 10/09/2000 08:53 AM -----

	Bradley Diebner
	10/05/2000 05:21 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron
Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 10/05/00

The EOL approvals for 10/05/00 are attached below.

Regards,
bd


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how is your face doing?  is the swelling going down?

 -----Original Message-----
From: 	Lawrence Centola  [mailto:ljc76@hotmail.com]
Sent:	Thursday, April 26, 2001 12:07 AM
To:	sdarrah; maziarz; socalcinephile; bcambr; chad.landry; matthew.lenhart; MMMarcantel; nicholas.danna; RCasey; timothy.blanchard; tdietz; val.generes; dural54
Subject:	Re: Blanchard

As we all know, Blanchard was a GDI his first semester at LSU.  While living in Power dorm, Blanchard once overheard one of the Pi PHi for boys that he was hanging out with say "Hey, Dude, Sorority girls are hot!"  Blanchard, being from Paincourteville and not being what we would call a 'master' of the English language, though that this 'fresh' Pi Phi meant "All greek girls are good in bed."  So what did Blanchard do.  He went out and found the first GREEK girl he could, and he started dating her.  After many pleasant years, (some of which I will not mention for Tim's sake, and mine)  Tim and his Greek Goddess are engaged.  Yes, that's right.  Tim took Lenhart's advice (because we all know that Lenhart is the authority on relationships with the opposite sex; I mean, who wouldn't take his advice) and Tim decided to start his life sentence with a lovely girl who has bunch of friends who all give it up like it was going out o! f style.

Tim's wedding is on THE DAY OF THE MISSISSIPPI STATE GAME.  For those of you who are not Tiger fans (which seems to be most of you these days), that is Oct. 20th.  I know, it is an away game, which is better than having a wedding on a home game.  But some of us who are fans like to go to the out of town games.  True story, here.  I went to a wedding with Louise and her mother on Friday night.  You have not lived until you take two dates to a wedding, one of whom is engaged to your good friend and the other whom cannot speak the language.  Anyway, after the wedding that we attended, Louise's mom asked me if I would prefer Tim's wedding ceremony be in either half English and half Greek, or all in Greek.  I responded "I do not care.  I will be listening to the LSU game on my headphones anyway."  I know what some of you are saying, it is only one game.  Yes, and I am sure that was the only weekend they could hav! e it since so many of us from New Orleans have been to a wedding at the Greek Cultural Center, because all of us from New Orleans have been to numerous weddings / goat roasts there.  Anyway, it is a done deal, and we are all happy for the couple.

The real point of this e-mail is to organize Tim's bachelor party.  We have it planned for the weekend of September 22 (what a novel idea!!!  Plan a wedding event on a weekend where there is neither an LSU event, nor Jazz Fest!!!)  We are planning to go to Vegas.  As per our current plans, we would leave on that Thursday (the 20th, I think) and return on Sunday.  'Paw Paw' Blanchard heard that in September, his game of choice really starts hitting, that of course would be the nickel slots.  'Paw Paw' already has his Panama Jack hat, his         "Geaux Dinar-deaux" T-shirt, his jams, and his black socks with brown leather sandals packed and ready.  His fanny pack is stuffed with Twinkies and silver dimes.  He is really fired up about the $1.99 shrimp cocktail (early bird special, of course.)
The plans are to get there Thursday night (Nicky, get more drink tickets.)  Thursday night we can get settled, possibly gamble a bit.  On Friday, maybe play golf (although I will probably be too drunk / hung over / missing for an early tee time.)  On Friday night, we can go "clubbin'", as I am sure The Tricky Texas Trio (Lenhart, Landry, and Mitch) will want to do.  On Saturday, Tim wants to wake up early, get the sports section of the Advocate, drink coffee, and bitch about the Tigers.  Instead, we are going to watch and bet on College Football all day.
Saturday night, Tim wants to go see Sigfried and Roy.  However, we are not doing that.  If he wants to see gay men play with caged tigers, he can find out the next time Nesbitt tries out for the LSU cheerleading team.  Instead, either SaturDay or Friday night, myself and a select group (yet to be determined, but including Lenhart if he is not doing his best Ricky Martin impression at Club C2K) will go on a recon mission to the Deja Vu.  Therefore, on Saturday night, we will have entertainment in the room that some of us have seen before, and who know what is expected of them (that way Lenhart will not make the entertainment  cry when he asks them to fuck his Elway blow-up doll).  Remember Tim.  If you use a strap on, it is not considered cheating.  I am a future lawyer.  I should know.
This weekend is September 22.  There is no excuse for you to come up with when you have this much notice.  Out of money?  Bullshit.  Save up until then.  Have to work?  Bullshit.  Take a vacation day.  Actually, September will be the first month that I will be gainfully employed.  But, I know that my boss, the Honorable G.Thomas Porteous, will let me off for one day if debauchery will be had, although I may have to put a few hundreds on black for him periodically throughout the weekend.
For those of you who will be recently married, I already have an excuse for you.  "Honey, Tim came to all OUR wedding functions.  The least I can do is return the favor."
For those of you that will be married shortly after Tim, I also have an excuse. "Baby / Schmoopy / I wish your tits were as big as Mindy/, if want other people to come to our wedding functions, then I have to attend theirs."  For all of you single guys, no excuse.
Please respond to this e-mail at your earliest convenience, or I will see ya'll this weekend.  All plans are subject to change.  (Chad, if you want to send an e-mail to only me, hit 'Reply to sender.'  If you hit 'Reply to all'. it sends the message to all of the RECEPIENTS of the original message.  I know that you said Law School was such a stupid idea compared to Business School, but I think you could learn from some of our lessons, such as it is better to remain silent and be thought of as a fool than to open your mouth and remove all doubt.)

Hope this e-mail finds you doing well.

Signed,
Granola, Blarry, your Daddy, Mushroom head, Captain Nic, King, Smokey, charming drunk, your heighness, the one who never looses his emotions when he drinks, SG Nerd, Governor, lawyer, or anything else you want to call me.

Get your FREE download of MSN Explorer at http://explorer.msn.com << File: ~~DLNK0.URL >>


Stan:

Please see attached memo for talking points on MTBE and pipleine safety
legislation that can be used in conversations with various members of
Congress who will be in attendance at tonight's pre-baseball game receptions.

Please call if you have any questions or require additional information.
Thank you.

Jeff Keeler


listen with headphones. click on rock 103
- ATT00001.htm
 - rock103.com.afghanihunt.mp3


Brad,
 We have a few analyst showing up on our O&M report.  Our O&M representative,
Holly Heath, said that we are not being charged for these individuals.  It
appears that we are  and I am trying to find out how did these individuals
get on our cost center and what cost center they need to be charged to.
Please review your resources and let me know what cost center you have the
below individuals reporting to.

R. Mwongozi
Pehivanova
Chris Walker
Bark Burk
Ricardo Perez

Thank you,

Irena


Ann,  Attached is the memo AEC forward with ENA's responses redline.  Please
review.  When you get AEC's response completed we probably should set up a
conference call to discuss and finalize.  Thanks.


How goes it?

Wanna come to a Murder Mystery dinner party for my birthday on Oct 21? Sat
night 7-11

Need your mailing address to send you an invitation.

40 people come as different characters you'll receive your character in the
invitation.

Mark Miller cell # 512 415 1757

Take care!

Mark


Charlene,
I am sending you as promised the information I have about 3 of our summer
interns.
I shall fax you this morning two additional resumes I have in hard copy.

In the case of Paulo Rocha we don't have a formal
resume, just a letter from him with the summary of his skills.

Thanks for your help. Enron desperately needs this talent.

Vince


Cathy, I plan to be on vacation next week and therefore will not be at the
December 18th staff meeting.

	From:  Cathy Phillips                           12/13/2000 11:05 AM

To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Doug Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan
Aronowitz/HOU/ECT@ECT, Pierre Aury/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathryn
Corbally/Corp/Enron@ENRON, Jeff Donahue/HOU/ECT@ECT, Stephen H
Douglas/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT, Shanna
Funkhouser/Corp/Enron@ENRON, Eric Gonzales/LON/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Larry
Lawyer/NA/Enron@Enron, Chris Mahoney/LON/ECT@ECT, George
McClellan/HOU/ECT@ECT, Thomas Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT,
Jere C Overdyke/HOU/ECT@ECT, Beth Perlman/HOU/ECT@ECT, Brent A
Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Cindy Skinner/HOU/ECT@ECT, Stuart
Staley/LON/ECT@ECT, Mark Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron,
Lisa Yoho/NA/Enron@Enron
cc: Nicki Daw/NA/Enron@Enron, Cathy Phillips/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, DeMonica Lipscomb/Corp/Enron@ENRON, Yvonne
Francois/Corp/Enron@Enron, Angie Collins/HOU/ECT@ECT, Donna
Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Betty J Coneway/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT, Candace
Parker/LON/ECT@ECT, Joya Davis/HOU/ECT@ECT, Sharon Purswell/HOU/ECT@ECT,
Gloria Solis/HOU/ECT@ECT, Brenda J
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kim
Hickok/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT, Paula
Forsyth/Corp/Enron@ENRON, Kristy Carnes/NA/Enron@ENRON, Shirley
Crenshaw/HOU/ECT@ECT, Jody Underwood/NA/Enron@ENRON, Kathleen D
Hardeman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stuart
Cichosz/Corp/Enron@ENRON, Joyce Dorsey/HOU/ECT@ECT, Judy Zoch/NA/Enron@ENRON
Subject: EGM Staff Meeting

Just a reminder that the EGM weekly staff meeting will take place on Monday,
December 18th, from 8:30 - 9:30 a.m., in videoconference room EB 32C2.  Due
to the company holiday schedule, please note the following schedule of
meetings for the next three weeks.

 Monday, December 18th 8:30 - 9:30 a.m.  EB 32C2
 Monday, December 25th CANCELLED
 Tuesday, January 2nd  8:30 - 9:30 a.m.  EB 30C1

The staff meetings will resume on Monday, January 8th, in EB 32C2, as
regularly scheduled and will continue on a weekly basis on every Monday at
the same time and location unless notified otherwise.

Please let me know if you will be unable to attend the meeting on Monday,
December 18th.  I will send reminders for both the January 2nd and 8th
meetings as the dates approach.  Thank you.

Cathy Phillips
X-36898


CALENDAR ENTRY:	APPOINTMENT

Description:
	Tammy Hopkins/GISB ETS Update Mtg. in conference room 47C1

Date:		11/27/2000
Time:		3:00 PM - 4:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


GIRON, DARRON C,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
COUCH, CHARLES
GOSSETT, JEFFREY
HOGAN, IRENA
MAUSSER, GREGORY
RYDER, JAMES
SOTO, ELIZABETH
TOWARD, MARY


I know of no problems with this counterparty.

	Tana Jones
	08/17/2000 09:20 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron
		 cc:
		 Subject: RUSH EOL Approval

The online team called and they would like a rush approval for Duke Energy
Merchants LLC.  In particular, this counterparty would like to trade European
physical coal.  Please let me know as soon as possible whether you have any
problems with this counterparty.


----- Original Message -----
From: Frank Marsters
To: Adams, George
Sent: Friday, January 28, 2000 12:15 PM
Subject: Fw: Winning the cultural war

----- Original Message -----
From: Ted & Carla
To: Mike Ferguson
Sent: Thursday, January 27, 2000 10:45 PM
Subject: Winning the cultural war

Mike, here is the speach by Charlton Heston that I was telling you about.
Subject:
        Winning the Cultural War by Charlton Heston
   Date:
        Tue, 16 Mar 1999 20:47:56 -0600
   From:
        "Koenig's International News" <bill@watch.org>
     To:
        watch-news@watch.org

Note from Bill Koenig:

Below is an excellent message given by Charlton Heston at Harvard.
Rush Limbaugh today said he has received 9000 e-mail requests for a
copy.

It is entitled 'Winning the Cultural War' and was given at the
Harvard Law School Forum, February 16, 1999.

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

I remember my son when he was 5, explaining to his kindergarten
class what his father did for a living. "My Daddy," he said,
"pretends to be people." There have been quite a few of them.
Prophets from the Old and New Testaments, a couple of
Christian saints, generals of various nationalities and different
centuries, several kings, three American presidents, a French
cardinal and two geniuses, including Michelangelo. If you want the
ceiling re-painted I'll do my best. There always seem to be a lot
of different fellows up here. I'm never sure which one of them gets
to talk. Right now, I guess I'm the guy.

As I pondered our visit tonight it struck me: If my creator gave me
the gift to connect you with the hearts and minds of those
great men, then I want to use that same gift now to re-connect you
with your own sense of liberty ... your own freedom of
thought ... your own compass for what is right. Dedicating the
memorial at Gettysburg, Abraham Lincoln said of America, "We are
now engaged in a great Civil War, testing whether this nation or
any nation so conceived and so dedicated can long
endure." Those words are true again. I believe that we are again
engaged in a great civil war, a cultural war that's about to
hijack your birthright to think and say what resides in your heart.
I fear you no longer trust the pulsing lifeblood of liberty inside
you ... the stuff that made this country rise from wilderness into
the miracle that it is.

Let me back up. About a year ago I became president of the National
Rifle Association, which protects the right to keep and
bear arms. I ran for office, I was elected, and now I serve ... I
serve as a moving target for the media who've called me
everything from "ridiculous" and "duped" to a "brain-injured,
senile, crazy old man." I know ... I'm pretty old ... but I sure
thank the Lord ain't senile. As I have stood in the crosshairs of
those who target Second Amendment freedoms, I've realized that
firearms are not the only issue. No, it's much, much bigger than
that. I've come to understand that a cultural war is raging across
our land, in which, with Orwellian fervor, certain acceptable
thoughts and speech are mandated.

For example, I marched for civil rights with Dr. King in 1963 --
long before Hollywood found it fashionable. But when I told an
audience last year that white pride is just as valid as black pride
or red pride or anyone else's pride, they called me a racist.

I've worked with brilliantly talented homosexuals all my life. But
when I told an audience that gay rights should extend no
further than your rights or my rights, I was called a homophobe.

I served in World War II against the Axis powers. But during a
speech, when I drew an analogy between singling out innocent Jews
and singling out innocent gun owners, I was called an anti-Semite.

Everyone I know knows I would never raise a closed fist against my
country. But when I asked an audience to oppose this
cultural persecution, I was compared to Timothy McVeigh.

>From Time magazine to friends and colleagues, they're essentially
saying, "Chuck, how dare you speak your mind. You are
using language not authorized for public consumption!"

But I am not afraid. If Americans believed in political
correctness, we'd still be King George's boys-subjects bound to the

British crown.

In his book, "The End of Sanity," Martin Gross writes that
"blatantly irrational behavior is rapidly being established as the
norm in almost every area of human endeavor. There seem to be new
customs, new rules, new anti-intellectual theories regularly
foisted on us from every direction.

Underneath, the nation is roiling. Americans know something,
without a name is undermining the nation, turning the mind
mushy when it comes to separating truth from falsehood and right
from wrong. And they don't like it."

Let me read a few examples. At Antioch college in Ohio, young men
seeking intimacy with a coed must get verbal permission at each
step of the process from kissing to petting to final copulation ...
all clearly spelled out in a printed college directive. In New
Jersey, despite the death of several patients nationwide who had
been infected by dentists who had concealed their AIDS --- the
state commissioner announced that health providers who are
HIV-positive need not. .. need not ... tell their patients that
they are infected.

At William and Mary, students tried to change the name of the
school team "The Tribe" because it was supposedly insulting
to local Indians, only to learn that authentic Virginia chiefs
truly like the name.

In San Francisco, city fathers passed an ordinance protecting the
rights of transvestites to cross-dress on the job, and for
transsexuals to have separate toilet facilities while undergoing
sex change surgery.

In New York City, kids who don't speak a word of Spanish have been
placed in bilingual classes to learn their three R's in
Spanish solely because their last names sound Hispanic. At the
University of Pennsylvania, in a state where thousands died
at Gettysburg opposing slavery, the president of that college
officially set up segregated dormitory space for black students.
Yeah, I know ... that's out of bounds now. Dr. King said "Negroes."
Jimmy Baldwin and most of us on the March said "black." But it's a
no-no now.

For me, hyphenated identities are awkward ... particularly
"Native-American." I'm a Native American, for God's sake. I also
happen to be a blood-initiated brother of the Miniconjou Sioux. On
my wife's side, my grandson is a 13th-generation Native American
... with a capital letter on "American." Finally, just last month
... David Howard, head of the Washington D.C. Office of Public
Advocate, used the word "niggardly" while talking to colleagues
about budgetary matters. Of course, 'niggardly' means stingy or
scanty. But within days Howard was forced to publicly apologize and
resign.

As columnist Tony Snow wrote: "David Howard got fired because some
people in public employ were morons who (a) didn't know the meaning
of 'niggardly,' (b) didn't know how to use a dictionary to discover
the meaning, and ,actually demanded that he apologize for their
ignorance." What does all of this mean? It means that telling us
what to think has evolved into telling us what to say, so telling
us what to do can't be far behind.

Before you claim to be a champion of free thought, tell me: Why did
political correctness originate on America's campuses?
And why do you continue to tolerate it? Why do you, who're supposed
to debate ideas, surrender to their suppression?

Let's be honest. Who here thinks your professors can say what they
really believe? It scares me to death, and should scare
you too, that the superstition of political correctness rules the
halls of reason.

You are the best and the brightest. You, here in the fertile cradle
of American academia, here in the castle of learning on the
Charles River, you are the cream. But I submit that you, and your
counterparts across the land, are the most socially
conformed and politically silenced generation since Concord Bridge.

And as long as you validate that ... and abide it ... you are-by
your grandfathers' standards-cowards.

Here's another example. Right now at more than one major
university, Second Amendment scholars and researchers are
being told to shut up about their findings or they'll lose their
jobs. Why? Because their research findings would undermine
big-city mayor's pending lawsuits that seek to extort hundreds of
millions of dollars from firearm manufacturers.

I don't care what you think about guns. But if you are not shocked
at that, I am shocked at you. Who will guard the raw
material of unfettered ideas, if not you? Who will defend the core
value of academia, if you supposed soldiers of free thought
and expression lay down your arms and plead, "Don't shoot me." If
you talk about race, it does not make you a racist. If you
see distinctions between the genders, it does not make you a
sexist. If you think critically about a denomination, it does not
make you anti-religion. If you accept but don't celebrate
homosexuality, it does not make you a homophobe.

Don't let America's universities continue to serve as incubators
for this rampant epidemic of new McCarthyism. But what can you do?
How can anyone prevail against such pervasive social subjugation?

The answer's been here all along. I learned it 36 years ago, on the
steps of the Lincoln Memorial in Washington D.C.,
standing with Dr. Martin Luther King and two hundred thousand
people. You simply ... disobey. Peaceably, yes. Respectfully, of
course. Nonviolently, absolutely. But when told how to think or
what to say or how to behave, we don't. We disobey social protocol
that stifles and stigmatizes personal freedom.

I learned the awesome power of disobedience from Dr. King ... who
learned it from Gandhi, and Thoreau and Jesus and every other great
man who led those in the right against those with the might.

Disobedience is in our DNA. We feel innate kinship with that
Disobedient spirit that tossed tea into Boston Harbor, that sent
Thoreau to jail, that refused to sit in the back of the bus, that
protested a war in Vietnam.

In that same spirit, I am asking you to disavow cultural
correctness with massive disobedience of rogue authority, social
directives and onerous law that weaken personal freedom.

But be careful ... it hurts. Disobedience demands that you put
yourself at risk. Dr. King stood on lots of balconies. You must
be willing to be humiliated ... to endure the modern-day equivalent
of the police dogs at Montgomery and the water Cannons at Selma.
You must be willing to experience discomfort. I'm not Complaining,
but my own decades of social activism have taken their toll on me.
Let me tell you a story.

A few years back I heard about a rapper named Ice-T who was selling
a CD called "Cop Killer" celebrating ambushing and
murdering police officers. It was being marketed by none other than
Time/Warner, the biggest entertainment conglomerate in the world.
Police across the country were outraged. Rightfully so-at least one
had been murdered. But Time/Warner was
stonewalling because the CD was a cash cow for them, and the media
were tiptoeing around it because the rapper was black.

I heard Time/Warner had a stockholders meeting scheduled in Beverly
Hills. I owned some shares at the time, so I decided to attend.
What I did there was against the advice of my family and
colleagues. I asked for the floor. To a hushed room of a
thousand average American stockholders, I simply read the full
lyrics of "Cop Killer"-every vicious, vulgar, instructional word.

"I GOT MY 12 GAUGE SAWED OFF
I GOT MY HEADLIGHTS TURNED OFF
I'm ABOUT TO BUST SOME SHOTS OFF
I'm ABOUT TO DUST SOME COPS OFF..."

It got worse, a lot worse. I won't read the rest of it to you. But
trust me, the room was a sea of shocked, frozen, blanched
faces. The Time/Warner executives squirmed in their chairs and
stared at their shoes. They hated me for that.

Then I delivered another volley of sick lyric brimming with racist
filth, where Ice-T fantasizes about sodomizing two 12-year old
nieces of Al and Tipper Gore. "SHE PUSHED HER BUTT AGAINST MY ...."

Well, I won't do to you here what I did to them. Let's just say I
left the room in echoing silence.

When I read the lyrics to the waiting press corps, one of them said
"We can't print that." "I know," I replied, "but Time/Warner _s
selling it."

Two months later, Time/Warner terminated Ice-T's contract. I'll
never be offered another film by Warners, or get a good review from
Time magazine. But disobedience means you must be willing to act,
not just talk.

When a mugger sues his elderly victim for defending herself ... jam
the switchboard of the district attorney's office. When your
university is pressured to lower standards until 80 percent of the
students graduate with honors ... choke the halls of the board of
regents. When an 8-year-old boy pecks a girl's cheek on the
playground and gets hauled into court for sexual harassment
...march on that school and block its doorways.

When someone you elected is seduced by political power and betrays
you ... petition them, oust them, banish them. When
Time magazine's cover portrays millennium nuts as deranged, crazy
Christians holding a cross as it did last month ... boycott
their magazine and the products it advertises.

So that this nation may long endure, I urge you to follow in the
hallowed footsteps of the great disobediences of history that
freed exiles, founded religions, defeated tyrants, and yes, in the
hands of an aroused rabble in arms and a few great men, by
God's grace, built this country.

If Dr. King were here, I think he would agree.

Thank you.

 - att1.htm


NO

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, November 12, 2001 7:44 PM
To:	Grigsby, Mike
Subject:	curve validation

Mike,

I have asked Carole to start getting a signature from the traders that set curves on the changes above your threshold.  There was a curve set wrong tonight that wasn't caught until later because Keith wasn't at his desk when she walked down there, she didn't go any further than that but should have.  I will be telling my group that they can't start calculating for the night until she has all curves signed off on.   Do you have any objections to this?

Kam


That is correct.

David Forster
02/25/2000 05:41 PM
To: Mark Taylor/HOU/ECT@ECT
cc: Frank L Davis/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Bryan
Seyfried/LON/ECT@ECT
Subject: Re: Credit Derivatives

I assume this means that none of the 50 customers on the original Customer
Profile list for Credit Derivatives can be located in Canada or Germany . . .

Dave

To: David Forster/LON/ECT@ECT
cc:

Subject: Re: Credit Derivatives

There are still certain jurisdictions where we are not offering the product:
Germany and Canada come to mind.

David Forster
02/25/2000 04:10 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Credit Derivatives

Mark,

I recall at one time, we were concerned that Credit Derivatives could be
considered to be insurance, and therefore we would come under certain
regulations. I assume this was resolved to our satisfaction?

Dave