Problem: BODY: Dear Mr. Skilling, Please accept my invitation to visit Carlton Woods in The Woodlands. This will be a great opportunity for you and your family to come inside the gates for a first hand look. Carlton Woods is the only guard gated, private country club neighborhood The Woodlands has ever created. Along with a private Jack Nicklaus Signature golf course, the neighborhood will boast amenities never before seen in this part of the Houston area. You'll have the opportunity to view over 30 homes under construction in various stages. Homes for sale in Carlton Woods range in price from the high 400s up to over 2 million. We also have an excellent selection of homesites available for purchase with no time frame to build. If you would like a Carlton Woods discovery package mailed to you, please respond to this E-Mail and I will send one to you. Regards,
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A: SUBJECT: Carlton Woods

Problem: BODY: A number of you have had a lot of concern about Deferred Compensation that Enron has ceased to pay as a result of the bankruptcy. Maybe we have some good news -- there is a "rumor" out today, in the event you have not heard, from a reliable source, that the Deferred Compensation creditors have moved up from 4th place to a little higher because of the amount of money involved. I have heard that Mike Moran has been placed on the "Creditors Committee." I believe that Mike Moran and Dan Ryser were working together. Part of the rumor indicates that the largest creditors -- primarily the banks -- may buy out the Deferred Compensation creditors "to avoid having to deal with them." That is about all that I have heard at this time, except that the "buyout" may not be 100%.
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A: SUBJECT: Deferred Compensation

Problem: BODY: Stacy, Checking on the status of revised Master and GISB sent to you in December. If you have any questions, or I can provide additional information, please let me know. Regards,
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A:
SUBJECT: Agreements