Problem: BODY: Tanya: For purposes of "Transfer", shall we permit both parties to transfer to Affiliates? Would FUNB require a guaranty? Or do we feel strongly that neither party should have the ability to transfer except with the written consent of the other party?
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A: SUBJECT: First Union National Bank ("FUNB")/Enron Corp. ISDA Master Agreement

Problem: BODY: Taffy: Could you please schedule a meeting for next week for our entire group (including Jason Peters) for 11/2 hours to go over changes that need to be made to our forms? It might be nice given the amount of time to schedule around the lunch hour and order lunch. Thanks. Carol
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A: SUBJECT: Forms Meeting

Problem: BODY: In order to bring better legal coordination and standardization to Enron's Risk Assessment and Control (RAC) group, we have formed a new legal group, which will initially include Lisa Mellencamp (Finance), Marcus Nettelton (Power Trading), Carol St. Clair (Broadband/Power Trading), Mary Cook (Financial Swaps), Peter Keohane (Canada), Ed Essandoh (Retail), Paul Darmitzel (Retail) and Elizabeth Sager (Power Trading) (Team Leader). This group will focus on, among other things, managing Enron's exposures with bankrupt counterparties, working out credit solutions with distressed counterparties and standardizing our overall credit practices. The initial members in this group have been drawn from Enron's numerous legal groups in order to gain a broader perspective. Each of these members will provide support to this new group in addition to their current responsibilities. Within RAC, Michael Tribolet will focus on distressed counterparties, in conjunction with Bill Bradford, who continues to manage the Credit Risk Management group. Please join us in supporting the efforts of this new group.
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A:
SUBJECT: New Legal Team to Assist RAC