Subject: "United Way 2001- Days Of Caring".

Body: Enron's 2001 United Way Campaign officially kicks off on Monday, August 6. The decision to focus this year's campaign on Building Houston's Future came directly from you, who rallied to help Houston recover from the flood damage caused by Tropical Storm Allison. You have expressed a strong desire to continue assisting those in need until our city fully recovers. In response, each Enron business unit has dedicated one Day of Caring to assist their adopted United Way agency. Your challenge is to support your business unit by volunteering for various service projects. As an added incentive, a little friendly competition between business units has been incorporated into the campaign. Strive to be the business unit with the highest percentage of volunteers and you'll be recognized at the Appreciation Lunch on August 10th in Antioch Park. Be on the lookout for more information about this campaign. Your business unit Day of Caring representative will provide details about each project and coordinate team assignments. Date Company Adopted Agency Business Unit Representative August 7, 2001 EES YMCA of Greater Houston Amy Buehler x37635 August 8, 2001 Corp Jewish Community Center Rebecca Phillips x39591 August 9, 2001 ETS Neighborhood Centers Kimberly Nelson x33580 August 10, 2001 EWS Center for the Retarded Julie Clyatt x33256 Enron is committed to Houston, a world-class city. Your generosity sets the standard for all of our employees and shows that we are indeed committed to Building Houston's Future. Join us for the Days of Caring and make a positive difference in the lives of one out of every two Houstonians!

Subject: "VAR Limits".

Body: 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

Subject: "Browncover notes".

Body: Aurora, my changes appear on the attached. I assume you or AA have updated the numbers for eligible transition costs (second paragraph of section 7). (If you have not, I'm really not sure who would have those numbers) I updated the numbers for environmental costs in the footnotes. Please call (x30596) if you have any questions.

Subject: "Give Thanks For Great Rewards!".

Body:
Rewards Newsletter November 19, 2001 Issue Number 32 Dear Theresa, Home for the holidays? Home from work? Homing in on great Rewards for the Holidays! Thanksgiving is a wonderfully rewarding time for family and friends to be together. One great way to reward yourself this Thanksgiving is by cheering on your favorite NFL team with your new