This is the content of an email: Ken: Please let me hear from you as soon as possible today. I will not be in the office on Friday, Dec. 29. In connection with the blacklined confirmation which we discussed yesterday, please (1) verify that there are no changes (or if there are changes, we need to discuss) (2) provide Bear's information for Paragraph 8 (Offices) (3) advise if you wish for us to finalize the document or if you would prefer to do so We would like to exchange faxed signatures today, if at all possible. Thanks. Sara

Subject: Bear Stearns & Co. International Limited forward with Enron Corp.

This is the content of an email: Louise, my expected value contribution for Q4 is $2.5 million. This is East Gas Mid-Market and Origination combined. This is per your request during our last meeting. Frank

Subject: Q4 Earnings

This is the content of an email: Attached is the Global Contracts report for all physical gas/financial assignments, terminations, and expirations for the month of October. Please let me know if you have any questions. Thanks,

Subject: October ATE report

This is the content of an email: JMF, I have a discrepancy with LCRA on 10/22/01. The following notes are in the P&L... "830711,830709 . The original deal was a buy from LCRA and a sale to RESI but LCRA did not enter into Portal in time. Therefore the purchase was made from the ERCOT Imbal. market where it was purchased for $11.55." The initials in the P&L are 'GTP' We show this in the system as an ERCOT-Imbalance purchase and a sale to Reliant however LCRA claims that we should show this purchase from them. Please pass this along to the appropriate trader to clear up the discrepancy. Thanks,
Subject: LCRA discrepancy