This is the content of an email: Gerald, The Upstream group is doing a considerable amount of repeat business with several customers. There is an increasing need to execute Master agreements with these customers. We would like to begin the development of a Master Wellhead contract that includes the same type of provisions that our Upstream GTC contracts include such as tolerances, keep whole, nomination deadlines, etc. Can you please let me know if you see any issues with changing the Master Firm contract to accomodate the Upstream business or if there is anything else that you may need from us to begin creating this Upstream Master? Thanks,

Subject: Wellhead Master

This is the content of an email: Attached are the Enron Global Markets EOL Crude 24/7 Trading violation memos for Net Open Position, Maturity Gap Risk and VAR for August 15, 2001. The Office of the Chairman for Enron Global Markets is responsible for printing out hard copies of these memos, signing and returning the hard copies to Chris Abel at 3560f, who will forward them to RAC to obtain their signature. Thank You

Subject: 8/15 BU EOL Crude Violations

This is the content of an email: FYI. Enron Principal Investments has completed the sale of Enron's ownership in COPEL. Total proceeds for the last 5 months from this sale is over $95 million in cash. Steven Sheldon managed this process. In the last 5 months, EPI has sold or otherwise disposed of 20 investments, with total proceeds to Enron of over $250 million in cash. We intend to sell another 5-10 by year end, generating an additional $50 million to $100 million in cash. The team is very focused on selling of the portfolio, creating cash and minimizing losses. Kevin Garland

Subject: Sale of COPEL Shares

This is the content of an email: [Joannie: Thanks for bringing this to JS' attention ...] Jeff: {In this headwind funding environment, I am looking for some quick decisions for our small, world-class computational trading group ... we are open to an acquisition / controlling interest, etc. I have had some conversations with Brandon Wax ... in my prior life, I have had some interactions with Gerald Chan, brother of one of your board members. We are also talking to eSpeed, some Chicago Exchanges in a similar vein ...} Our group of 15 (Carnegie Mellon technologists + trading / capital markets experts) located in Pittsburgh brings - strong e-market thought leadership (global trading outlook) - patent-pending technology that can help compare / trade "almost" standardized goods and services - this is a missing link in today's e-markets! - robust sales pipeline and small revenue (seven-figures) - low-cost, central hub location (with great access to Carnegie Mellon Professors / Research / Students) - experienced entrepreneurs / technologists who are happy to be "intrapreneurs" in this environment. We could make a positive impact on EnronCredit, BroadBand Services as well as your core energy business. I am enclosing a couple of attachments to give you an idea of who we are ... I can provide more info. if there is interest. Can we chat for a few minutes ASAP - I believe you will find this opportunity to be compelling that can make your "market making" empire more analytical, computational and above all, more profitable! Thanks & cheers
Subject: P'burgh computational software co. with CMU connections