Subject: "The Shed".

Body: I was going to bed the other night when my wife told me that I had left the light on in the shed, she could see from the bedroom window. As I looked for myself, I saw that there were people in the shed taking things. I phoned the police, but they told me that no one was in his area to help at this time, but they would send someone over as soon as they be available. I said OK, hung up, and waited one minute, then phoned the police back. "Hello. I just called you a minute ago because there were people in my shed. Well, you don't have to worry about them now because I've shot them all." Within five minutes there were half a dozen police cars in the area, an Armed Response unit, the works. Of course, they caught the burglars red-handed. One of the officers said: "I thought you said that you'd shot them!" I replied with "I thought you said there was nobody available!"

Subject: "Southern Mineral Corporation ("Southern")".

Body: ENA sent a Notice of Termination letter to Southern on November 1, 1999 and set that date as the Early Termination Date. There is only one existing Transaction: a second quarter 2000 collar. We have obtained a third party quotation for the value of the call (at $.928) which when multiplied by the total notional and days, is equivalent to $25,334.40. Please let me know if you have any comments to the letter. Lisa: Is there a protocol for a non-lawyer to sign the calculation notice letter? Should it come from settlements which would be tracking any payments (if ever received in whole or part)? Thanks. Sara

Subject: "Meeting in BA".

Body: Patricia: I can't thank you enough for arranging the many meetings and introductions for the Enron legal group. Lynn and I are extremely grateful as it made our lives much easier and our jobs much more productive. As always, I am impressed with the variety and number of individuals with whom you are so well connected. At the moment, we are trying to finalize an internal memorandum addressing the breadth of the tax issues currently affecting our business in Argentina. I would appreciate your comment on the following two items: (1) Can you cite the law that provides the exemption or modification (not sure which it is) that "financial institutions" are taxed (Gross Receipts) on the spread? Is it possible to see a copy? (I can probably have it translated) (2) I am unclear as to how the Stamp Tax would be calculated with respect to Argentine local parties to an ISDA Master Agreement (crossborder trades) or a local master swap agreement (local trades). Execution of the master agreement itself does not evidence any transaction. Even when any transaction is executed, you are unable to determine net payments owed by either party until termination of the deal. Brent thinks that the tax will be based on the product of the [Fixed Price X volume X term] even though the master agreement will merely provide for netting. Can you verify? Give my regards to Pablo. I look forward to hearing from you. Regards. Sara

Subject: "NEW EMAIL ADDRESS".

Body:
Hello, I am sending you this note to let you know that my email address has changed. I have been having trouble receiving emails from different individuals and have been unable to correct it, so I created a new address. If you could please now address all emails to me at dab312@hotmail.com I would greatly appreciate it. Thanks and I look forward to hearing from you. Drew Beckman