IN: Two conference calls have been tenatively scheduled to allow you to directly discuss Enron's commitment to its credit ratings with senior managers at Standard & Poor's and Moody's (Ben Glisan will join you in your office at the times detailed below). Both agencies have been briefed on the contents of next week's earnings release as well as the pending equity adjustment associated with the Raptor transactions. On Monday, our analysts at both agencies will be briefing their rating committees on the Enron announcement. They will then contact us with their official rating decision. Andy, Ben and I feel that a proactive call from you today will positively impact the message our analysts deliver to their committees. Based upon the discussions with the analysts held over the last two days it is apparent that several key assurances from Enron senior management are sought. They are as follows: Enron is Committed to Maintaining its Credit Ratings - emphasize that the ratings are critical to the fundamental businesses which drive our success, gas and power marketing. Note that both our counterparties and creditors place great weight on our consistent rating profile. Due to this, the agencies should be confident that we will aggressively defend the ratings. Our Core Businesses are Strong - We are the leading franchise in energy marketing. We anticipate continued strength in the financial performance from the commodity groups. No charges to be taken are associated with our ongoing businesses. Portland General and Other Asset Sales will Occur - Proceeds from these divestitures are material and will be applied first to allow us to get our leverage statistics back in line quickly. Reemphasize Your Commitment To Simplifying Financial Reporting - The analysts have given considerable consideration to you public statements associated with providing more detailed information to the financial community regarding our performance. Acknowledge Remaining Issues Facing the Company - The agencies are following the developments on Dhabol, the valuation of the EBS fiber optic network, and the ongoing Azurix/Wessex performance. Provide comfort that we believe the ultimate resolution of these items will not have a material adverse impact on our credit. If you have any questions or comments, Ben will join you 15 minutes prior to the first call. Regards,

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OUT: Moody's and Standard & Poor's

IN: Did you know that one out of every 10 cars and trucks sold in the U.S. is a Lexus or a Toyota? With the new Highlander, Toyota will easily cement itself as one of the best-selling brands in North America. How can we be so sure? Because the Highlander represents an optimum blend of three utilitarian types of vehicles: the station wagon, the minivan and the sport-utility vehicle. Based on the same platform as the Lexus RX 300, which itself is based on modified Toyota Camry mechanicals, Highlander is longer, taller and wider where the wheels meet the pavement than the Lexus. Despite its greater size, the Highlander is lighter than the RX 300, so acceleration should equal or better its upscale cousin. Braking will likely prove impressive, too. Highlander comes standard with four-wheel disc brakes equipped with electronic brake force distribution (EBD) and brake assist (which maximizes braking power during a panic stop). Highlander is rated to tow 3,500 pounds, when properly equipped. Helping to meet that specification is the same 3.0-liter V6 that resides under the hood of the RX. Making 220 horsepower at 5,800 rpm and 222 ft-lbs. of torque at 4,400 rpm, the V6 features Variable Valve Timing with intelligence (VVT-i). The standard engine, also using VVT-i to maximize power and efficiency, is a 2.4-liter inline four making 155 ponies and 163 ft-lbs. of twist. The four-speed automatic transmission provides a "snow mode" for easy starts on slippery surfaces. With 7.3 inches of ground clearance (6.9 on front-wheel drivers) and a fully independent suspension front and rear, Highlander isn't designed to tackle tough terrain. But it'll work great during heavy snowfalls. Toyota's Vehicle Skid Control (VSC) system, which includes traction control, is optional, and is designed to recognize when the Highlander isn't responding to the driver's steering inputs. VSC will then apply selective braking to bring the truck (car?) back under control. In the event it fails (not likely, but possible), Highlander protects occupants with whiplash injury lessening (WIL) front seats, five three-point seatbelts equipped with automatic and emergency locking retractors (ALR/ELR), front seatbelts with pre-tensioners and force limiters and ISO-FIX child seat anchors. Daytime running lights and side airbags are optional. Inside, Highlander delivers 38.5 cubic feet of cargo space with the rear 60/40 split folding seat in use, and a whopping 81.4 cubes when it's folded. Air conditioning, CD/cassette combo stereo with six speakers, cruise control, tilt steering wheel, bottle holders, and grocery bag hooks are standard. Opting for Limited trim gives you JBL sound, automatic climate control, remote keyless entry, woodgrain interior trim, alloy wheels with full-size spare, fog lights, privacy glass and other upgraded features. Leather upholstery is available on V6 models. Toyota is planning to sell 70,000 Highlanders in calendar year 2001. We'll bet demand outstrips supply. B

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OUT: Toyota Highlander review

IN: Sara, Please advise if you are still the lawyer who reviews RMT masters, when requested for preparation. If so, Legal has been requested to prepare an ISDA between RMT and Enron Japan Corp., which shall support their FX transactions. Let me know, so I can pass this draft on to you for review. Thanks.

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OUT: RMT Masters

IN: The following name overlay was completed in GCP today. CP ID FROM TO 80245 Mirant Americas Energy Marketing Canada, Ltd. Mirant Canada Energy Marketing, Ltd. The shortname change will be made on Friday, November 9, 2001

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OUT:
Name Overlay 11/02/01