Subject: "global futures exchanges".

Body: Mark and Paul: Have either of you ever reviewed clearinghouse rules with respect to clearing members for the exhanges on which we trade (in an effort to analyze our risk with respect to our brokers)? If the answer is yes, could I have copies of any memoranda? Please let me hear from you or whomever may have reviewed this issue. Thank you. Sara

Subject: "AES Eastern ISDA documentation".

Body: <<ISDA Schedule: AES Eastern.clean>> <<ISDA Schedule: AES Eastern.red>> <<ISDA CSA P13: AES Eastern.clean>> <<ISDA CSA P13: AES Eastern.red>> Marie - I am an attorney with Troutman Sanders LLP in Washington, DC; in conjunction with Michael Sweeney (TS-DC) and John Varholy (TS-London) I am assisting Tom Spencer and Cathy Barron at AES Eastern in reviewing applicable ISDA documentation they are currently negotiating with Enron. Attached for your review, please find AES Eastern's mark-up of the ISDA master schedule and ISDA CSA paragraph 13 as originally proposed by Enron. If you have any questions or concerns, please direct those to Tom Spencer. Best Regards,

Subject: "Construction Exchange Product".

Body: Rick, I hope you take the time to speak to Rodney Malcolm or Ray Bowen on how your technical and commercial exprience could help move the outsourcing product (in all its forms) forward in the industrial market. Otherwise, your welcome ... Regards

Subject: "Cost Savings Memo".

Body:
Attached for your information is a memo that we plan to send out to employees worldwide Monday afternoon or Tuesday morning discussing the Policy Committee's cost saving recommendations. To the extent there are unique aspects of these policies as they apply to your business unit, please follow up with a further communication to your employees. We will send you a list of frequently asked questions that deal with systems issues. Thank you.