Q: I totally forgot about the weekly meeting. Sorry. Like I said yesterday, I'm working on getting new books set up for Chicago. I just need to follow-up with Mary Lynn on Friday before I submit requests. I'm also working on OA issues for July. I will teach a class on Thursday and next Tuesday to settlements about OA (just basics like desk price, customer price, and liquidations). In addition, I need to ask you a few questions about the Trunkline deal. When I meet with Mary Lynn on Friday, I am going to explain the deal to her. That's about it. Once again, I apologize about missing the meeting today. DG 3-9573
Propose a subject line
A: Meeting

Q: IMPORTANT MESSAGE! PLEASE READ! FILENET SYSTEM OUTAGE NOVEMBER 16, 2001 The FileNET System is scheduled to be down for monthly offline backups. All users including IPayIt will not be able to access the System after 5:00pm on Friday November 16th. We anticipate users having full access on Saturday morning November 17th. If you have any questions or concerns about this outage, please feel free to call the Help Desk @ 713-853-1555 Option #1 Envision/Encompass Support Team Document Mgmt and Process Automation 713/853-1555 Opt 1
Propose a subject line
A: Offline Backups

Q: I have changed the following deals to reflect a monthly expiry frequency instead of daily: 483753 483759 483765 483766 Since I don't enter options very often, and have only done daily options before, I'm still getting familiar with all the different parameters of the deals. I'm sorry for the confusion. Thanks for catching that. Kate
Propose a subject line
A: Changed Option Deals

Q: The above transaction was presented to the Board on 1-29-2001. There was considerable discussion which I have summarized below. Returns: were the returns sufficient to syndicate the risk. I answered positively, which is what the capital price addresses. The dash return is a blended debt and equity return.(?) Was the $19 million excess proceeds enough to allow the company to operate. I answered yes since 85% of reserves are producing and little capital will be needed to develop pdnp and pud reserves. Is management capable of operating or will they be in chapter 11 again soon. I answered that the bankruptcy was a result of overpaying for Wyoming deal and low commodity prices last two years which resulted in a bb decrease below outstanding. We will have to watch this issue carefully. Are banks reluctant to support KCS and could this cause a liquidity problem? Answered that all creditors were made whole and likely that someone will come into credit but it was a risk, although for the time being they had enough cash to operate. This feedback is just for fyi but it does indicate that board is active and not a rubber stamp. Rick
Propose a subject line
A:
Board Review of KCS