Subject: "Weekly meetings".

Body: Maureen, This is to remind you that we scheduled, at your request, regular weekly meetings. We are supposed to meet every Friday at 8:00 a.m. If I am not at the office, the meeting will be rescheduled. Vince

Subject: "EOL Transport GTC and Product Description".

Body: Attached for review are a draft of the GTC and Product Description for the transport capacity transactions on EOL. Please review and provide comments. Carl, If you want to meet to discuss, just let me know when.

Subject: "Real-time Traders and Schedulers Holiday and OT Payment".

Body: Don, I have been working with Jeanie Slone on trying to resolve the holiday and overtime payment issues that we have been having with regard to your staff not being properly paid for their overtime and holiday work from Thanksgiving forward. Unfortunately, I was just told that we can no longer pay any "incentive pay" to previous or current employees as per our bankruptcy lawyers, and at there may be problems because they are "exempt" employees who are typically not paid overtime. However, I assure you that we are working to try and resolve this matter as soon as possible, and I will follow-up with you as soon as I have further clarification from the attorney's. If you have any other questions, please call me on Amy Fitzpatrick's number (I am sitting at her desk today) at X52729. Thanks,

Subject: "READ: RE CONVERSION OF 1 WAY PAYMENTS TO TWO WAY PAYMENTS".

Body:
As you are aware a "safety net" type of provision has been included in the master netting agreement to attempt to convert any underlying master agreement one way payment provision to a two way payment provision. However, this is only a safety net and should not be relied upon. It may not cover every particular definitional/form structure in an underlying master agreement. Please be sure to review the underlying master. It is probably always best to draft a contract specific amendment to convert to 2way payment since this is a critical issue to effect properly the closeout netting and setoff provisions of the master netting agreement. The specific amendment can be included in the master netting or accomplished as a separate amendment to the underlying master agreement. Any questions, call me.