IN: Our Director of Corporate Travel has informed us that American Express will not be able to establish a new Corporate account for us at this time. Until we are able to obtain company-sponsored credit cards, when incurring company expenses it will be necessary to use personal credit cards or cash, which can then be submitted for reimbursement through the expense report system. You may want to refrain from incurring any reimbursable expenses until we receive further assurances from the company that they have the processes in place to pay them. As information becomes available about administrative operations, I will relay it to you. Please contact me if you have any questions.

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OUT: Update on Credit Card Use and Company Expenses

IN: This warning is sent automatically to inform you that your mailbox is approaching the maximum size limit. Your mailbox size is currently 105766 KB. Mailbox size limits: When your mailbox reaches 75000 KB you will receive this message. When your mailbox reaches 100000 KB you will no longer be able to send mail until the size of your mailbox is reduced. To check the size of your mailbox: Right-click the mailbox (Outlook Today), Select Properties and click the Folder Size button. This method can be used on individual folders as well. To make more space available, delete any items that are no longer needed such as Sent Items and Journal entries. You must empty the Deleted Items folder after deleting items or the space will not be freed. To turn Journaling off, click Tools | Options | Journaling Options and de-select all items. See client Help for more information.

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OUT: WARNING: Your mailbox is approaching the size limit

IN: Ray, couple of comments: a) Donahue is responsible for the portfolio management function but also incorporate the idea of Jeff being responsible for ENA's "capital book" (ie) managing existing deals and intimately involved in conjunction with Treasury and the various origination groups of which finance transactions get or don't get on our books; b) Has Fastow clearly put Defner in the ENA Treasurer role? - if so we should also mention this in the note; c) Chuck Ward ( Generation Investments); Don Miller ( Merchant Generation); and d) with regard to commodity structuring ensure it is clear that they will facilitate and structure the highest priority/value transactions across the organization even though they report to Janet (ie) they don't just work on East Origination deals. Let me see the final before release. Make sure Mark is on side. Regards

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OUT: Draft organizational memo

IN: Hi Vince, There has certainly been a lot of "water over the dam" since we first discussed your serving as a member of the MSCF Advisory Board last fall. Obviously, you were unable to join us last month in New York, but I never did hear from you or your office whether your absence was due to a last-minute schedule conflict or whether you no longer desired to be a part of the Advisory Board. Might I hear from you regarding your interest going forward? Rick

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OUT:
MSCF