Subject: "Just a note".

Body: Dear Mr. Lay, First of all....thanks. I haven't been here as long as you, but I've been here a while...14yr. It's been a great experience and I want you to know how much I appreciate you and your leadership. I too will be here, as you say, "until they run me off" or until we get through the other side. It's a tough situation and I guess there's no guarantee we'll make it but it won't be because we didn't give it all we had or that we didn't do the right thing. You take care of yourself, Greg

Subject: "BOD Materials 2".

Body: Attached is a draft of a letter of intent between ISDA and FpML.org regarding the acquisition by ISDA of the FpML language and process. We will discuss this at the Board meeting. <<BOD FpML 112001.doc>> <<BOD FpML 112001-confiden.DOC>> Proposed Media Efforts <<BD MTG Media 1113.doc>>

Subject: "Financial Trading Agreement Database Link".

Body: At the request of Sara Shackleton, I am attaching the link that will provide you access the the financial trading agreement database. Please call me if you have any questions about the information contained in the database. Link -->

Subject: "Mock Trial".

Body:
Here's a thought that didn't occur to me when I marked up the mock trial script. Should we have the consultants prominantly feature "IPEC Busters"??? Unless we are pretty sure the judge will keep it out on relevance grounds, it might be useful to at least get some juror reactions to it. With or without the specific IPEC Busters stuff, we probably ought to assume that Jad's theme will be that Northern's whole philosophy was to breach contracts without flinching if it served our commercial interests. The vitriol from P&P and the other producers plays into that theme. Maybe we ought to spice that part of the script up a bit also just so we can see how our response plays. DF