IN: Tracy Ngo will be preparing credit for an ISDA. The draft should be sent to (Steve) Morus at the CP (check the green file because we've done an omnibus). You can insert NY law but no other omnibus changes need to be made. Thanks. Sara

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OUT: Puget Sound Energy, Inc.

IN: Attached is a short memo and summary outlining changes to the Business School Loan Program for the Western Hemisphere. As many of you know, over the past couple of months we have taken a hard look at our approach to business school loans. The updated guidelines better serve Enron's business interests, eliminate credit exposure for the company, and potentially broaden the reach of the Loan Program. If you have any questions, please contact Ted Bland (x35275) who leads Career Development for the Program. Billy

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OUT: Analyst & Associate Program - Business School Loan Program (Western Hemisphere)

IN: Sara, We have a Master Agreement with NAB Limited. However, we are doing our FX trades with NAB London. Presumably, this is simply a branch of NAB Limited which is headquartered in Australia. Is this a mulitbranch agreement? Does it cover trades with the London branch? Let me know what you think. Thanks!

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OUT: National Australia Bank

IN: ...okay, maybe it's not THAT good but it's cooked and the beer is plentiful. Hey everyone, Just wanted to test the waters and see what kind of interest there was in doing Steak Night tomorrow night at Little Woodrows. I feel like it's been a while since we really rallied the troops and I know I have personally missed the interaction. It's also been a while since we've attempted to solve the worlds problems over cold Shiner and I think the world may be the worse for it. So, get back to me and let me know if anyone's up for an evening of eating, drinking and most definitely being merry. If it looks like 'a go', I'll shoot everyone a follow-up email complete with ETA. The one and only, sscott5 "If we could just get everyone to close their eyes and visualize world peace for an hour, imagine how serene and quiet it would be until the looting started."

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OUT:
USDA Grade A prime beef....