IN: This is an email
As we near the end of the year, I want to make clear some individual VAR limits I have come up with as we go forward. These will change from time to time as to allocate VAR to desks that are profitable and re-adjust VAR when desks are not profitable. Please read carefully. If you have any questions feel free to see me. There will be penalties for not staying within your VAR limits. I will be reasonable but fines will be assessed for repeated breakage. Rob Benson - 7 MM Paul Broderick - 1.2 MM Gautum Gupta - 1.5 MM Joe Quenet - 300K Ben Rogers - 300K Garrett Tripp - 300K

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OUT: VAR Limits

IN: This is an email
Ed, I am still waiting for you to tell me which Deal Person is the contact for the counterparty. I need the Deal Person to initial the contract before an officer will sign. If I send it to Scott Neal or one of the other desk heads, they will want the deal person to initial before they sign. Therefore, I am still waiting on you to tell me who trades with this counterparty. I am holding the contract for that person. If it is someone on the HPL desk, then we have to start over because you requested that the contract be done in ENA's name.

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OUT: Mieco, Inc.

IN: This is an email
Arun is going to have to bring down the Curve Manager due to these issues: No 10/31/01 or 11/1/01, due to this ST is having to mark 12/1/01. Arun is going to fix these issues: he will have to bring it down and then back up. In about 20min (10:45) please log out and login -> then check to see what needs to be remarked. Thanks,

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OUT:
Curves 10/1