Subject: "Revised documentation".

Body: I think this is the most recent version of the ETA. Obviously, this is the UK version and Sullivan & Cromwell are turning it into a US document. The US version will be governed by NY law and contain an arbitration clause. We're also trying to figure out how much to say about the confirmation process since it may vary from product to product and will almost certainly be different from the UK version. Speaking of which, I was surprised to find that they have the telephone conversation (and in this case the web site records) control over a confirmation which has been signed by both parties. What's the practice in your part of the world? One alternative is to insert the language (or something like it) that we use in financial trading which says that we will send a written confirm, gives the counterparty a short time (2 or 3 days) to respond and indicates that silence will be deemed acceptance. Would that work for your deals? Anyway, I'm in NY today and tomorrow, back in the office on Wed. Louise is insistent that the GTC's be available to be uploaded this weekend. I'll be calling in periodically tomorrow and will try to get you since I'm sure you will have issues to discuss - and now is the right time to get changes made to the ETA if necessary.

Subject: "Legal Reporting".

Body: Mike and Jeff: I am rethinking the legal reports. Alan and I am preparing a monthly trading and transactional summary, a litigation report and the TOP TEN legal risk report. To me the last two are the most important. On a conceptual basis, is that what you need or want to see? Mark

Subject: "Datek's November Insite".

Body: The Datek Difference Looking to save customized Streamer real-time quote screens onto your desktop? Our new Quick Launch feature lets the desktop you trade from be as individual as you are. Quick Launch The Learning Curve Want professionals to choose stocks for you in a diversified portfolio? That's the whole idea behind cost-efficient Exchange-Traded Funds. Learn more about this managed approach to investing. The Flexibility of Exchange Traded Funds Customer Corner A welcomed streamlining now makes it that much easier to apply for options* trading at Datek. The recent introduction of NASD Rule 2520 means that your Datek account information may now include your day trading buying power and you stock buying power. Learn which is which and where this information appears on screen. Customer Corner News & Views No speech or joke can be great unless it finds a receptive audience. The same, of course, is true for the products or services that a company bets the store on. Check out Datek's perspective on this phenomenon -- and on a once-mighty "household name" whose time has

Subject: "Logistics Commercial Realignment".

Body:
After a careful review of the wholesale and retail gas trading and scheduling process it has been decided that the Gas Logistics teams should report directly into the Enron America's Commercial organization. This realignment will help to strengthen the commercial focus and communication between the trading desks and the schedulers and will play a critical role as Enron tries to maximize opportunities and maintain a competitive trading edge. The details are as follows: Wholesale Bob Superty will maintain his management of the Logistics support functions which include the Transport Rate team (Kim Olinger), Electronic Commerce team (Tammy Lee-Jaquet) and Regulatory Affairs teams (Suzanne Calcagno). In addition, Bob will now manage the Northeast Logistics team as part of the East desk. Bob will report directly to Scott Neal and will also help coordinate the Logistics function across all regions working closely with each of the regional Logistics Managers, Commercial desk heads and Enron Americas senior management team. Victor LaMadrid will manage the Southeast Logistics team and will report directly to Scott Neal. Victor's knowledge and overall east desk experience will be critical to help maximize east desk opportunities and promote new initiatives across all regions. Lisa Kinsey will manage the Central Logistics team and will report directly to Hunter Shively. Patti Sullivan will manage the West Logistics team and will report directly to Mike Grigsby. Darren Farmer will manage the Texas Logistics team and will report directly to Tom Martin George Smith will manage the Well Head Logistics team and will report directly to Fred Lagrasta. Retail Donna Greif will now report directly to Don Black. Each of the regional Logistics Managers (East - Marde Driscoll-Ernest, Central - Charlie Muzzy, West - Sabra Dinari) will continue to report directly to Donna. Donna will continue her ongoing efforts in the development and integration of the new retail trading systems, prior period adjustments and development of a strong and talented Logistics team. Congratulations to all involved and welcome to the commercial gas team - John Lavorato, President and CEO, Enron Americas.