Subject: "Aggie Night at Enron Field-June 15".

Body: HOWDY AGS! The Howdy Club, Houston A&M Club and Reveille Club are sponsoring AGGIE NIGHT AT ENRON FIELD It's the Astros vs. the Rangers on Friday, June 15, 2001, starting at 7:05 pm. Tickets in the Mezzanine are $12. The attached flyer provides additional details. If you would like to order tickets with Enron , please fill out the attached spreadsheet and email it back to Heather Johnson(x53240). Be sure to drop off your check at EB1833C. Information and checks are due by 2 pm Monday, June 4 to receive your tickets through the mail. Come join other Aggies@Enron at Irma's Southwest Grill 1314 Texas at Austin before the game on June 15.

Subject: "Legislators' "Plan B" to "Enhance" Governor's MOU w/Edison and Status Report".

Body: "Plan B" As folks know, there's a group of moderate Democrats in the CA Assembly that has been working on a "Plan B." They've been working on it because they're not satisfied with the Governor's MOU with Edison. The Plan B group has been talking to a broad array of stakeholders, including Republicans, to get input into how "Plan B" can improve upon the MOU. First the good news about Plan B: a fairly bright group of legislators is rolling up its sleeves and attempting to come up with a centrist solution to the problem, and they're at least creating the appearance of trying to be bi-partison about it. (There is at least one idea in Plan B that is attributable to a Republican--Keith Richman--that Ken Lay met with a couple

Subject: "Bammel Storage Cushion Gas Issue.".

Body: Jim, I can assure you that neither John or myself are trying to attract blame or "cover our backsides"; however, I do believe that there is/was a genuine breakdown in communication somewhere in the deal team, accounting and the desk. As well, it appears that this is not completely a black and white issue and can legitimately attract a number of points of view. As executives of this company, you, Brian, Tim and Tom absolutely were responsible to ensure that all aspects of this transaction are managed correctly. Nevertheless, I think it is amazing we have not had more problems with this divestment given the size, complexity, time and how intertwined it is into the overall framework of ENA. I appreciate your candor and the unselfish maturity to bring to the trading floor. I look forward to working with you as we continue to build our Texas and gas business. Regards

Subject: "New Legal Team to Assist RAC".

Body:
In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.