Subject: "Organizational Announcement".

Body: We are pleased to announce organizational changes to the Enron South America legal department in response to the recent reorganization and realignment of the principal Enron Wholesale Services business units operating in the region, Enron Americas and Enron Global Assets. Randy Young, currently General Counsel of ESA, will be assuming new responsibilities within Enron. John Novak will become General Counsel of ESA, reporting to Mark Haedicke. The ESA legal department will be responsible for supporting all Enron Americas and Enron Global Assets businesses in the region. Additional legal resources, coordinated by Lance Schuler, will be provided from EWS Legal in Houston to support ESA's wholesale activities. John will also work closely with Bruce Lundstrom, General Counsel of EGA, to coordinate legal support with respect to the EGA businesses in the region. An organizational chart describing the new structure is attached. This new structure will enable us to continue to provide quality legal support across business lines within South America while improving coordination and providing additional support from Houston for Enron's existing operating businesses, as well as the new business development initiatives under way in the region.

Subject: "LNG activities".

Body: Eric, A couple of high priority activities we need to address very quickly. Run down of Nigeria deal (100/400 mmbtu/d) Bahamas - Skilling update, acceleration of Corp effort, approvals Elba - supply and managing t-o-p Ven - Lay call, timing of Ven decision and game plan R Bergseiker future and other EI people Asia strategy and clarification Current view of Long/Short via category of segment (shipping, physical, facilities) I know you are on top of all of these items but Jeff and I want to run them down and get an update. Thanks,

Subject: "Forms".

Body: Tanya: Some of the people in your group may not be aware of the latest forms that we use for the Enron Guaranty, the Counterparty Guaranty and the letter of credit form that we use for the ISDA, Omnibus, Industrial Master and Deemed ISDA forms. enclosed are those forms. We will discuss them with the group tomorrow, but could you circulate them to the group? Alos, in light of all of the counterparty visits taht are occurring, should we send to the group a form of confidentiality agreement taht they can send to the counterparty? The practice lately has been for us to see the counterparty form and our preference would be to use our form. Let me know what you think. Carol

Subject: "Master Swap Agreement Access".

Body:
Can you please let me know whether the new attorneys in our group have edit access to the database, Frank Sayre, Francisco Pinto Leite and Cheryl Nelson. I think Cheryl just tried to add a note and couldn't. Thanks.