IN: In an effort to promote consistency of approach, the attached Adoption agreement contains a few modifications and drafting notes that should make your due diligence review task easier at least as regards affilitat matters. I have reviewed the conceptual changes in this form with Travis and Marcus and are in agreement with the changes. If you have been fortunate enough to complete any Adoption Agreements at this time, I am not asking you to go back and make revisions; however, any new documents should be drafted taking into account the information and changes contained in the attached. Please call if you have any questions.

Generate a subject line.

OUT: Adoption Agreement Applicable to Power Masters

IN: Reminder The Enron Oral History Project Continues... "Using History to Help Enron Become the World's Leading Company" How can an understanding of strategic choices, regulatory change and corporate culture help Enron achieve its vision? Speaker: Joseph Pratt, Cullen Professor of History and Business, University of Houston and Co-Director, Enron Oral History Project Thursday, June 7 11:30 a.m. to 12:30 p.m. EB 5C2 To Make a Reservation, Call 3-1941 and Select Option 1 Lunch will not be provided, but you are welcome to bring your own. Please inform us ahead of time if you need special accommodations to participate in this meeting. Call 3-9390.

Generate a subject line.

OUT: Reminder

IN: Effective immediately, all questions from the confirmation desk to legal should be routed to a designated paralegal on a quarterly basis (with the exception of the very first rotation) as follows: Susan Bailey - X34737 September 1, 1999 - December 31, 1999 Susan Flynn - X30975 January 1, 2000 - March 31, 2000 Marie Heard - X33907 April 1, 2000 - June 30, 2000 You will be advised of subsequent rotations. Please do NOT route calls to Tana Jones who will be spending most of her time working on special projects for our group. This procedure should not affect any existing arrangements you may have with a particular attorney. Please contact me if you have any questions. Sara

Generate a subject line.

OUT: Rotation of Confirmation Desk Calls

IN: Clem: I know that you sent Sheila Glover a form of ENE guaranty a few weeks ago. Sheila forwarded it to Bear and we received Bear's form which is unacceptable. However, if ENE has outstanding guaranties in favor of Bear, I would need to know since we may be able to use a previously negotiated form. Can you let me know if ENE has ever issued such a guaranty? Thanks. SS

Generate a subject line.

OUT:
Bear Stearns Companies, Inc. and all affiliates ("Bear")