This is the content of an email: Mike/Jeff, As indicated in the list of deals and interested cps that we sent you yesterday, we closed a transaction with Japanese trading company, Kobayashi Yoko, this afternoon. Kinoshita and Anai had been working this company and had already gotten basic documentation and credit approval in place. We had also gotten prior approval from Sheila Glover and Gary Hickerson to use the local metal's trader to handle FX swaps up to USD30MM. Commodity and FX risk (except for 4 days from contract settlement) have been hedged with Singapore and ENA. Not a big deal in and of itself (notional USD250k), but a start. We believe there is much more demand and plan to see more in the near future. Also expect to see first LPG deal with Marubeni with our new mid mkt "trader" very shortly. We would back to back transaction as well. Details of this transaction are as follows: Enron Japan sells Dubai swap to Enron Singapore Month: March 2002 Volume: 12,500bbls Price: 20.24$/bbl Enron Japan sells US$253,000 to ENA Value date: 5 April 2002 Price: 118.92Y/$ Enron Japan buys Dubai swap from Kobayashi Yoko Month: March 2002 Volume: 12,500bbls (=1,987.34 kl) Price: 15,110Y/kl

Subject: Enron does its first yen based crude trade

This is the content of an email: After our IOS adventure last week, I put together the following questions= =20 that need to be resolved. Some of them have needed to be resolved for quit= e=20 some time. Tony, let's talk since I think some of these have already been= =20 discussed and maybe resolved in the context of developing TW's EnronOnline= =20 site, and I just need to get up to speed. To the extent there aren't answe= rs=20 yet, I'll get busy researching. Drew -- comments? Shall we all get on the=

Subject: TW questions

This is the content of an email: Kay, This is the language generally offered by Mr. Derrick with respect to the '40 Act. Please call if you have any questions. Enron is not an "investment company" within the meaning of the Investment Company Act of 1940, as amended. Clem

Subject: Investment Company Act

This is the content of an email: Hey Sweetie, Wazzup! Get up, Get Down, Get Funky, Get Loose! I see that you are already on the internet. Send me something CUTE. Love,
Subject: Good Morning Love Bird