Subject: "I'm back.".

Body: Just wanted to drop you a note and let you know I made it back safe and sound from Spain. Spain is really a neat country. Very charming. So I got James' name huh? Who got my name in the drawing? When is everyone coming in for the holiday? I am planning on coming down the 23rd.

Subject: "Demand charge".

Body: Crystal confirmed that items coded as a demand charge on physical forward deals in the "External Column" do not show up in our P&L. Example: See deal 113266, sale to Reliant. I was concerned that we would double dip the reimbursements for transport demand charges if I show reimbursements on the transport sheet and we include the reimbursements on the Physical Forward sale as well.

Subject: "equity confirm".

Body: David: I'm just reviewing your fax and although your recap of the floating rate calculation was correct on the phone, there is no language in the confirm. Were you going to respond to this as well? (interest rate to apply to reduced notional, etc.)

Subject: "Associate/Analyst Super Saturday Participation - ADDITIONAL REQUEST".

Body:
Please see if you and/or AGC's in your respective groups can make time to participate. I have always found it to be a very rewarding experience. Let me know. Mark