Subject: "Revised counterparty list for credit derivatives approval".

Body: I don't know what list you are working from for your approval of credit derivatives, but attached is the list EOL sent me. Many of the counterparties on the list are London based credit counterparties, and I will not be reviewing those, but I thought you might want to take a look at this to see if it's jiving with what you're looking at. When I'm done (probably some time at end of the day since I just got the list yesterday and it's due today! ), I will be emailing my approvals to Mark Dilworth in London.

Subject: "TXU LSP Friday Holiday - Revised".

Body: TXU LSP observes a holiday on Friday, Mar 29. Nom's for April 'first-of-the-month' business are due Wednesday, Mar 27, at 2 P.M. Nom's for Gas Day Friday, Mar 29 through Gas Day Monday, Apr 1 are due Thursday Mar 28, at 11:30 A.M. fyi - Monthly nomination deadlines are posted on our website at www.txulsp.com. Please call your representative if there are any questions.

Subject: "ISDA Cross Agreement Bridge and Commentary".

Body: Attached, please find the 2001 ISDA Cross-Agreement Bridge, blacklined against the last version you received, dated July 26, 2001. In addition, please find a copy of the Commentary on the Bridge. As many of you know, various working groups prepared amendments to the ISDA Master Agreements to be effected through the use of a 2001 ISDA Master Agreement Protocol. In connection with this effort, the Structural Issues Working Group prepared the Cross-Agreement Bridge. Following meetings of the Strategic Documentation Review Task Force in late July and discussions in August and September, it was felt that the Protocol approach was too complicated, from an operational and logistical perspective, given the nature and the number of the proposed amendments. Accordingly, it was decided that the four euro annexes would be separated from the Protocol and compiled in their own 2001 Euro Protocol. The 2001 Euro Protocol is now available on our website and the adherence period ends on November 30, 2001. Annexes 1 to 9 of the Protocol have been prepared as a Form of Amendment to the ISDA Master Agreements. The Form of Amendment, and the Commentary, will be published on ISDA's website late this week or early next week. Work is scheduled to begin on a new Master Agreement and kick-off meetings to discuss the new draft Master Agreement will be held in London later this year. Details will be announced to the Documentation Committee soon. As for the Bridge, it was felt that we should publish this on our website as well. Accordingly, I have attached the drafts for your review. Please note that the "option to disapply" was deleted in this draft, primarily because the version of the Bridge considered by ISDA's netting counsel in late 2000 did not include such an option. I would be grateful if you could review the attached documents by Friday, November 2. I would like to publish these on our website on Monday, November 5. Please do not hesitate to contact me at 212-332-1203 if you have any questions. Thank you very much for your consideration. Kimberly Summe - Marked up version.DOC - Commentary on Cross-Agreement Bridge.DOC

Subject: "Hi!".

Body:
Hi! I just got back from Germany! It was a pleasant trip but things in Frankfurt are just so expensive. I went there for a distributor's meeting, and had the opportunity to meet the people that we are having correspondence with over fax and e-mail in the past. Our account officer is a pretty girl and she is only 23 years old. The downside is that she is married for one year already. Oh well, life's tough. I think one of the other distributors noticed me flirting with this girl. Well, a quarter of the way around the world should be fair game. Anyway, I was surprised that Frankfurt wasn't that big of a city. You can walk from the main parts of the city in a few minutes. Mostly, they only have Churches (every five blocks there seems to be one), slaughterhouses, and castles. In fact, they have been preserving so many allegedly historical buildings. These are ugly ass buildings that have no apparent architectural appeal. Due to this, the new European Central Bank buildings has to be built at the back of one of these alleged historical sites. The building is long and takes up too much prime space with no apparent purpose whatsoever. This seems to be a prevalent site in most of Frankfurt. A pleasant surprise during my trip was that the company paid for my hotel room. I was prepared to pay for it, but I wasn't charged when I checked-out. Our meeting lasted from Monday to Thursday, which left Friday and Saturday free for me before my flight on Sunday. I decided to join a city tour by bus to Rothenburg. Well, I was initially set on going to Heidelberg but I met this American Chinese girl who was travelling alone and I decided to just accompany her to Rothenburg. She works in Santa Clara for some upstart IT company. I told my girlfriend about it because nothing really happened aside from us spending the whole of Friday and Saturday together. Then again, I am not sure what I would have told her if something did happen ;-) I'm seriously thinking of taking my Masters in Finance here in the University of the Philippines. However, the application forms would only be available every May and the exam would be in August. It would be a one-year course starting September, which would time my graduation right about when Claudine finishes her local board exams. I guess I don't see a bright future here in the Philippines, and I may just follow her when she specializes in the States or Canada. Unless something drastic happens and our country just progresses rapidly, or my stars change, I think that this would be the plan that I would take. I guess her petitioning me for a Canadian citizenship would help a lot in getting a job in Canada or the US. I'm pretty sure that the US economy would pick-up after two years. You guys never stay down! My country is sinking because of the ever-divided people. There is no unity and I would suggest for us to just divide the goddamn country - one for the Muslims, one for the Chinese, and one for the Spanish people - then we call it the Divided States of the Philippines!!! Oh well, I'm just ranting right now. Just write when you have the time. Have you spoken to Khan lately? Tell his ass to write me! I haven't heard from him for quite some time now. I hope he is okay. Send him my regards. Cliff