Problem: BODY: Attached for your approval is the form of Enron Corp. Guaranty in favor of the referenced Counterparty, which guarantees the obligations of ENA under an ISDA Master Agreement. This Guaranty will supersede and replace the guaranty previously given to Counterparty (formerly known as Enserch Energy Services, Inc.) dated as of December 16, 1996. We will need the standard executed copy. In addition, we will need the following closing documents: Certificate of Incumbency. Upon approval and execution, please call me at x33399 to pick up the documents. Thank you for your assistance in this matter.
======
A: SUBJECT: TXU Energy Trading Company

Problem: BODY: Shona and Mike Jordan had talked last week about pushing back the Doorstep review on the metals business in London and had agreed to take that out of the plan for Q1. As of last week, we have redirected Shona's reporting line to Beth Apollo. I have asked Beth to review the doorstep review plan for all of 2001 and to recommend any changes in timing and approach. Beth is in fact in Monterrey, Mexico today and tomorrow, completing a review of that office. Soon after she returns, she will review and update the suggested doorstep review schedule. After that has been updated, she will review the revised schedule with Rick Causey for any additional input and concurrence on the selection of key offices/businesses to review and the timing of such. With Beth's knowledge of the businesses in London, I am sure we will benefit from her eye towards effective scheduling of the reviews.
======
A: SUBJECT: Doorstep Review on Metals Business

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.
======
A:
SUBJECT: New Legal Team to Assist RAC