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A: Real Deals from Travelocity.com
IN: Adele and Maria: Here are my final comments: 1. In the ISDA Schedule, Part 4, Section (f)(iii), we cannot accept a 30 day waiting period. Why can't the Guaranty be furnished when the Reorg becomes effective? 2. In each Guaranty, there is an extra zero in the "cap" amount. 3. In the PSE&G Guaranty, the Counterparty notice section should be just like what is in the Master for primary notices and copies. 4. In the LC, in the new language on the second page, change Uniform Customs to UCP. That's all I have. Subject to resolving point #1, please e-mail to me the Enron Guaranty and please coordinate with Susan Flynn on getting final versions executed and obtaining other closing items. I will review your opinion shortly.

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OUT: FINAL Comments
IN: This is an email
I am due to get the revised Risk Management reorganization groupings this afternoon. At that point, additional cost centers may need to be set up so it will probably be the first of next week before any transfers could begin to happen. Given that it will be the third week of May at that point, the effective date will probably have to be June 1, 2001 for SAP cost center reporting (correct)? In any event, to enable us to have as clean a cut-off as possible for financial reporting purposes, I would like to wait and make these moves effective July 1, 2001. That way their existing cost centers are pure for a full quarter and the new cost centers start off clean in a new quarter. This will also help us from a planning perspective in developing a clean go-forward budget for these groups. This will have no impact on our financial reporting, we will simply allocate costs to EWS from EES, rather than EES receive a charge from EWS for the entire second quarter. Unless I hear strong objection to this, we will work toward a July 1, 2001 cutover. Wade

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OUT: People Transfer
wussup wichu, brutha? just wanted to let you know i'm done with your book. it was a superior work of literature, by the way. i highly recommend it. if you want it back, send a self-addressed stamped box to 2505 NE 32nd Pl., Portland, OR 97212. just kidding....gosh! that's the address of my super-sweet house, by the way. next time you're in town you have to come over and have a civilized dinner in our DINING ROOM. that's right - we have one. and many other rooms too. it's an all-around great place to be, let me tell you. gotta go control your energy now. write back. love,
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