Subject: "Organizational Announcement".

Body: As a follow-up to the Enron Net Works All Employee meeting on October 5, we are pleased to announce a number of organizational changes. Beth Perlman, currently CIO for EA Systems, will work closely with Mark Pickering on a number of key projects for Enron Net Works. Additionally, Beth plans to explore various commercial opportunities within Enron. Replacing Beth in her current role will be Steve Hotte, currently CIO for EGS. Anthony Dayao will continue as CIO for EES Systems. In addition to his current responsibilities, Anthony will assume responsibility for creating a combined Wholesale/Retail Power Trading and Risk Management system. Jeff Johnson will move into the new role of CIO for EGM/EIM Systems. John Paskin will transfer to the Houston office from London to take up the new role of CIO for Corporate Systems. His group will include the ISC, Enterprise Portal, Intranet Solutions, CRM strategy, Treasury Systems, Development Support and will matrix into HR IT Systems. Continuing in their current positions are Inja Chun, CIO for EBS Systems; Paul Freeman, CIO for Enron Europe; Jay Webb, CIO for eCommerce, which now includes Commodity Logic Systems; and Jenny Rub, CIO for Infrastructure. All of the above positions report into to Mark Pickering in the Office of the Chairman for Enron Net Works. Transitions into their new positions will begin within the next two weeks and should be complete by the end of the year. We are currently interviewing individuals to serve as CIO for EGS, as well as an individual to serve as head of our Enterprise Framework group. We will keep you posted on the progress of these searches. Please join us in congratulating all of these individuals on their new responsibilities.

Subject: "yo".

Body: Hey there, I'm about to head out to run some errands. I could totally be persuaded to meet you for lunch..hee hee...if you are interested in getting out....ANOTHER beautiful day. My last errand is to get dairy products so just give me a ring. Mo

Subject: "Andy Knight".

Body: Karen- please circulate to all RAC worldwide. Tx Rick It is with great sorrow that I must announce the passing of Andy Knight, manager in the Market Risk Group. Andy succumbed to cancer on Feb. 22, 2001 and will have funeral services in Florida. There may be a memorial service here in Houston arranged through his church but details have not been announced. Please contact Veronica Valdez for details. Andy was with RAC and Enron only briefly before being diagnosed, but made a real impact especially on those that worked closely with him. Andy had a warm and personable style, which along with his technical capability, made him a real asset to the group. He will be missed.

Subject: "Status".

Body:
Eric, I am afraid I have not made that much progress on my assignment. I talked to ML Ruffer about the $1.2M basis swap. She does not specifically know about the deal, but does know she gave between $1M and $2M to the West desk out of a reserve behind the scenes. I don't know for sure, but this has to be how the $ got in the West P&L. It is booked on 11/12/99 which is between EC3952.P (the annuity getting the unamortized $27M into the West desk) and EC3952.S (the annuity getting the $5M from Corp into the West desk). I hadn't paid attention until just now, but Suzette Emmons booked the deal. She ran the transport book at that time. The physical buys from Canada (EC2208.11, EC3952.15, and EC3952.11) are booked correctly in Sitara. EC3952.11 was changed by Kathy Reeves from ending in '08 to ending in '01 on 4/4/00. However, the end date remains '08 in Sitara. I don't know why the term was changed. I have meetings almost all day. I will still try and investigate, but I know you were looking for some answers today. You may want to try and get in touch with Suzette and see if she remembers the basis swaps. DG 3-9573