IN: This is an email
Dave: I read Gordon Bethune's comments is the Chronicle this morning and if he concerned about Continental's solvency, the other carriers must be even more at risk. As Bill and I are traveling, could you help in asking for a recap of our Airline positions? We probably should identify the universe of names. Given the high operating leverage in this industry, coupled with lease leverage, it does not take much to go negative. For United and American I would imagine access to CP and revolvers would be potentially problematic. I will be Bill at about 6:45 before we leave, if this is already in process, I'll leave a voice mail. Regards,

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OUT: Airline exposure

IN: This is an email
I wanted to thank each of you for participating in the venture group's "Grand Slam" event this week. It was a big success. We received very positive feedback from the attendees. One of our primary objectives was to provide our portfolio companies with further insight into EBS' strategy/business model, and each of your presentations was a key part of telling the Enron/EBS story. In order for the portfolio companies to develop products that are strategic to EBS, it is imperative that they fully understand our business model. I know everybody's schedule is very busy, so we appreciate you taking the time. Regards,

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OUT: EBV's Grand Slam Event - Thanks

IN: This is an email
Attached is a copy of a sample letter which we are sending to selected vendors of Enron Corp. and its subsidiaries as an additional step toward implementing our commitment to conduct our business affairs in accordance with the highest ethical standards. We are sending you a copy of this letter so that you will be aware that your vendors will be receiving this letter and so that you will be reminded that Enron does enlist the cooperation of its vendors in adhering to its Business Ethics Policy. We appreciate your efforts in contributing to an Enron work environment of which we can all be proud. ****************************************************************************************************************************** SAMPLE November ____, 2001

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OUT:
Conflict of Interest Policy Mailing to Vendors