Subject: "Directions form BWI".

Body: Wus up!! Just wondering if you give me directions from BWI to our accomidations on the base?? I will be arriving at BWI @ 12 noon. I rented a car ,and I am driving down to DC. I will then take a cab from the base to the pentagon ,,,, I guess. Can't wait to see you , Jan , and the kids! MC perge!

Subject: "Final 11/30 for today".

Body: Here is the final schedule. I believe our next step will be to split this information by counterparty. I'll get back to you with a plan on how to do this. If you have any last minute changes, let me know. Also, please review the qualifications tab for further information. Thanks for all your work. Regards

Subject: "Greenberg v. Belfer, et al".

Body: The lawfirm representing the plaintiff in this class action lawsuit is sending document requests to all officers and directors of several Enron related companies. You may be an officer or director of one of these companies. If you receive any document requests or other legal papers, please send the document(s) to Bob Williams at EB 861. Please call me at x35587 or Bob Williams at x52402 if you have any questions. Richard Sanders EWS Legal Department EB 3827 853-5587

Subject: "Daily Summary of Risk Data 12/21".

Body:
Summary Risk Data as of 21Dec2001 Previous Active Financial Deals 71 71 Active Physical Positions 40 40 P&L Daily ($thousands) 47.0 0.5 VaR ($thousands) 1,611.4* 1,533.8* ETS Margin Account Deals 0 0 *The VaR continues to be over the ETS VaR limit of $1,000,000. Company MTM by Counter Party Asset Liability Net 21Dec01 Previous Change NNG EL Paso Energy Marketing 17,814.4 (20,111.0) (2,296.6) (2,294.5) (2.1) NNG Reliant Energy Services 76.5 - 76.5 76.5 - NNG TransCanada Energy 22,482.7 (21,862.1) 620.6 620.3 0.3 NNG Grand Total 40,373.6 (41,973.1) (1,599.5) (1,597.7) (1.8) The terminated contracts with RMTC are now fixed receivables as of the early termination date of December 14, 2001 except for interest. NNG is owed $4.8mm and TW is owed $33.9mm. Amounts are past due. Definitions: Physical deals modeled in the Caminus Zainet system are deals which have some form of price risk, (i.e. Index to index deals, and anticipated fuel sales) This does not include standard transport and storage agreements or unhedged natural positions. P&L Daily: Daily change in the mark-to-market (MTM) valuation of all deals being tracked in the Caminus Zainet system. This includes the origination and changes in value for both the physical and financial sides of hedges, along with any speculative trades and floating unhedged physical positions. VaR is "Value at Risk": Enron Corp policy defines this as the maximum expected one day loss on the portfolio given a 95% statistical confidence interval. This number is currently calculated on the Caminus system using a variance covariance methodology, rather than a Monte Carlo simulation per the Enron Corp policy.