IN: This is an email
Personal & Confidential Marc: Given your message to me the other night, as well as recent communications between your commercial personnel and our credit group, I want to again review the NPW disclosure issues with you, Scott Freeman/Joe Armbrust and Joe Cialone. I believe that it is essential that we discuss the disclosure issues today, and will be traveling tomorrow. Please let me know this afternoon when we might be able to talk. Thanks,

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OUT: NPW Disclosure

IN: This is an email
We are in the process of determining which demand letter recipients will receive termination letters today. Several CPs have outstanding issues which we are investigating (largely claims that the amounts due have already been paid). Based on current information, we will send termination notice to the following CPs. Their MTM value is included, as this amount will shift from "live" to "terminated." Counterparty $MTM (millions)

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OUT: Termination Letters Sent 3/8/02 -DRAFT-

IN: This is an email
Do you recall the name of the Delaware business trust (which owned the oil and gas assets) that ECT executed a master with? My memory is shot. SS

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OUT:
Your memory is better than mine