Subject: "Clinton Energy Management Services".

Body: I have prepared a Master gas agreement for Clinton and need to forward to same. Can you provided me with the name of the person to direct this agreement to. Thanks for your help.

Subject: "fyi: TYZ/TYH ROLL SHOULD NARROW/Roll longs now".

Body: Subject: TYZ/TYH ROLL SHOULD NARROW/Roll longs now Date sent: Mon, 26 Nov 2001 15:24:12 +0000 Recommendation: Roll long TYZs now at 39/32 or roll short TYZ later in week 2 to 3/32 lower. Rationale: The TYZ/TYH roll will be impacted by a number of factors. Most important, we believe, will be changes in the contract's cheapest-to-deliver caused by market movements. Changes in CTD will change the amount of net positive carry that is the primary determinant of the TYZ/TYH roll's value. For example, The TYZ/TYH roll priced using the 6.5% 2/10 has 35.75/32 of net carry, while the roll priced with the 4.7% 11/08 has only 28.5/32 of net carry. |------------+--------+--------+--------|

Subject: "Password Applications".

Body: Can you send me your form(s) of Password Applications?! Thanks! I needed to talk to you about MG, because I am really backed up and have not been able to get to that counterparty list. What is my drop dead date?

Subject: "You'd better not squeal!".

Body:
Hey Sam, that has to be one of the "cheeriest" cards I've ever received. Please thank Leica for her birthday wishes (and how is the old girl doing?). Do you remember my 39th at Andrea's with Pat and Dee (I think) and Ron and his wife (I've forgotten her name but I remember what she looks like)? I remember your 40th with Beverly and Helen and the walker (you probably remember the stripper). I need your MAILING address so that Phoebe, Chloe and I can send you a holiday card. Are you a bi-city resident? Do you still own Corky's? Do you have a different venture(s)? How is Mr. Casey? How are Helen and Beverly? Do you see them often? Do you love Atlanta? You know that at my age (it's actually been any my ages) I write in stream of consciousness. I hope this makes sense. Sara P.S. Ain't life grand?