Subject: "Maryland "Index Plus" Product".

Body: Here's an update to yesterday's meeting on this subject. Product Development (Jim Wood, JD Burrows, JeVaughn Sterling, Gillian Johnson and myself) had a brief discussion with Jim Brown (Transaction Accounting) to review the applicability of MTM accounting for the Maryland index product. With relatively minor contract changes (to ensure the product is an "Index Plus" structure) the conclusion of the discussion was that the product should qualify for MTM. Market costs will not necessarily match revenues (for the reasons we discussed yesterday) which should make the product eligible for MTM. The desk would have an index position. The desk can then choose to manage the position or not. Nina and I certainly want to make sure you agree with this reasoning. Here's a 1st draft of a TC with marked revisions. The "Management Fee" is eliminated and replaced with EESI Energy Index Price plus $__/kWh in this draft.

Subject: "Enron Management Conference".

Body: Invitations have been mailed to all VP's and above for the annual Enron Management Conference to be held at the Hyatt Hill Country in San Antonio November 15-17. Hopefully, you have received your invitation (more to save the date than to provide any detail at this point). If you have not received your invitation, please let me know.

Subject: "Inventory Storage Transfer".

Body: Effective 9/15/00 ENA sold NIPSCO 500,000dth storage see deal #401601. Adjusted the deal # 268093 & #268090 on the CGAS storage worksheet. Please make the necessary changes in TAGG Tks Chris

Subject: "Emplyment issues".

Body:
You and I need to sit down and discuss in some detail John Ale's contract and yours. Let me know when a good time would be. thanks