Subject: "Global Custody Agreement with JPMorganChase".

Body: Sheila: ENA is ready to sign (Ihope) in the a.m. I just wanted to verify that you had sent an email to Cassandra (or Rick Buy) so that she is prepared to countersign. Also, your status report reflects that you also need a custody agreement for ECT Investments. Why? Thanks.

Subject: "List of Companies".

Body: Mike/Jeff: Attached is a list from the Enron Corporate Secretay's Office of the Enron companies where you are a Board member and/or an officer, noting your title. It is my understanding that the Enron Director/Officer Liability Insurance Policy does apply to directors/officers of each of these companies. Let me know what questions you have and I'll do my best to answer them or promptly find an answer. Regards, Alan

Subject: "Brazilian Derivatives Issues".

Body: Under separate cover, I am faxing to you a copy of a "Table of Contents" for a collection of memoranda on various Brazilian issues (physical trading, derivatives, tax, etc. which I have copies of. I have also received from you this morning the response of Antonio Felix et al to the inquiry of Gustavo Junqueira. It will become increasingly difficult to monitor our progress with the Tozzini firm if the business people have direct contact with Tozzini and bypass the Enron lawyers. We will not be able to compile a comprehensive review and the requests will become disorganized. Requests for legal research by Tozzini should originate with the Enron lawyers and be addressed to the Enron lawyers. We can then discuss conclusions with our business people (and even meet together with Tozzini). I hope that you concur with this procedure. If you do, I think that it would be more appropriate for you to contact the Tozzini firm to convey the message (and also to our business people). Please call me when you are back in the Sao Paulo office if you have any questions. P.S. I will prepare for you the "mini-book" containing the memoranda referenced above.

Subject: "ISDA Forms".

Body:
Sorry about that Edmund. The forms have been moved out of the atty.fms bank into their own subdirectory called "Swap Forms" (look it up just like a person's named directory). Let me know whether you can access that database from London. We had London set up to review the atty.fms bank only, I don't know if you can access other subdirectories. We have made some substantive revisions to the ISDA Schedule and Credit Support Annex, so you might want to take a look. If you can't do a comparewrite from London, let me know and I'll email you the blacklined forms. We've also made changes to the forms of guarantees. They are now located in a document called Guaranty.doc in the Swap Forms/Current Forms directory. Also, the ISDA definitions have been changed since you've been gone, you may already know that, but just in case...I thought I'd bring it up.