Subject: "New Legal Team to Assist RAC".

Body: In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.

Subject: "New Products for Power and Natural Gas".

Body: A Reminder to all Power and Natural Gas Traders: = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 IntercontinentalExchange has launched financial swaps settling against our = Power and Natural Gas indices. Two new products, NG Fin Sw Swap, FP for IC= E and Fin Swap-Peak, FP for ICE are now listed for the Henry Hub in Natural= Gas and for Cinergy and PJM-West in Power. Please include these new marke= ts in your portfolios. = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = = =20 = = = = = = = = = = = = =

Subject: "Note to Britaldo".

Body: Britaldo Soarez would like to have a brief note indicating all of the things you are currently working on. Thanks Britaldo, In summary, this is what is left on our plates: Cuiaba I - Rob Gay RioGen - unassigned WestLB CAA - Peter Anderson, Cheryl Lipschutz Elektrobolt - Peter Anderson, Runabir Dutt Cuiaba II - Peter Anderson GTB Expansion - Brian Swinford Transredes Expansions - Brian Swinford Bom Retiro - Eduardo Camara Arcor - Guille Atenor Donna Francesca - Billy Mullville, G. Atenor G. Atenor keeps a weekly list which provides the level of detail you will need for our merchant activities. Tracee Bersani (associate) is helping out on Cuiaba I and the CAA. G. Atenor can give you the details of Diego Holovik's activities.

Subject: "Contact List".

Body:
Mr. Buy, Please find attached the list of UBS Warburg Credit Risk Control contacts as described by Bill Glass during today's phone conversation. We are looking forward to working with you and your staff. Kind regards,