IN: Joe, Attached is the revised draft letter agreement for the Centana transaction. As you requested, I am sending you a copy before I send it to Centana. <<Centana Letter Agreement.DOC>>

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OUT: Centana Letter Agreement.DOC

IN: Mr. Lay: It was good to see you down on the trading floor today. I have been in the power trading group for about a year now. I came over from the corp. development group after we sold the peakers to Allegheny and to Cinergy. I was the one who convinced my Dad to buy those two peakers. The power trading group is a really solid group of individuals. Sitting where I do I see and hear alot of what goes on in the heart on Enron and I feel that this part of the company is doing really well. I have been with Enron for over four years now and I continue to learn alot as well as contribute to Enron's bottom line. Eventhough Enron's stock price has come off a little I still think this is a great company and that the overall fundamentals are very sound. I hope all is going well! Regards,

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OUT: Power Trading Group

IN: The London office is forwarding recent legal advice from our lawyers in South Africa regarding FX clearances. It seems that prior to transacting with a South African party, we need copies of the party's "certification" from the National Bank allowing the party to make payments out of the country (thereby converting local currency to USD). Such approvals are severely restricted. I will forward the memos to Susan Bailey for inclusion in our "database" of global advice. Sara

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OUT: Derivative Transactions in South Africa

IN: Howdy all! Just an FYI: If you are interested in applying your Derivatives Course(s) to a particular certification as CPE hours AND have completed Derivatives I and/or II, please let me know. I will arrange to have a CPE certificate sent to the office in your name. Thanks,

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OUT:
CPE Certificates for Derivatives courses