Subject: "swapco structure".

Body: I am attaching a structure chart showing what we think would be the best alternative for the swapco transaction (if necessary). This structure would require ESVL Corp. to obtain a FERC Power Marketing Certificate and would be the actual operating entity. We are also indifferent if instead of the corporation we use another LLC as the operating company below ERMT LLC. Let me know when you will be available this afternoon to discuss the attached and the required documentation. It is in Visio format, so if you can't open it, let me know and I can fax it to you if you give me a confidential fax number. Thanks.

Subject: "Trading Confirmation Process".

Body: Please see the attached chart outlining our Confirmation process. This is the same process that Barry Tycholiz implemented for Origination. I think it is a great way to verify our booking process. Please use the trading books that Anne Bike passed out yesterday. Thanks,

Subject: "Stock opportunity?".

Body: Great Expectations Forbes - 10/16/2000 BY Lynn Cook Copyright 2000 Forbes Inc. ENRON INVESTMENT PARTNERS' BIGGEST GAMBLE TO DATE HAS BEEN THE $4 MILLION IT pumped into Cynet. The software outfit relies on a wireless modem that plugs in to a laptop or PC and lets you e-mail, fax, and use voice-and data-messaging. That may not sound like much. But imagine e-mailing thousands of people at once--or sending a document and following with a prerecorded

Subject: "Natural Gas Contract".

Body:
Exelon Energy, our gas marketer, has terminated their gas contract with Holtermann Farms effective the end of the December 2001 billing period. Southern California Gas Company provides transportation to our non-core account. Holtermann Farms has two irrigation wells that have the heaviest natural gas consumption during the summer months. If your company would be interested in being our gas marketer, please contact me at tholtermann@hotmail.com. Thank You