Subject: "EPRM 2002 USA".

Body: Vince, As mentioned in my voicemail, please find attached a speaker details form which I need you to fill in. I have also reattached the draft programme. At the end of the main conference agenda is an outline of the three seminars. I am having great difficulty locating relevant people to speak on the operational risk seminar, and was wondering if you had any ideas. I hope things are well with you and I look forward to hearing from you soon. Best wishes,

Subject: "Rio house".

Body: Jeff, Hope all is well with you. I'm just dropping you this note to let you know I haven't forgotten your call concerning the sale of your share in the Rio house...I've been extremely busy getting my immigration status in order and setting up my company in London. I've also asked Price Waterhouse to update all the accounts of Swanswalk Ltd in Ireland (the company that owns the house) and see the best way forward for a potential transaction seeking to minimize Brazilian and Irish taxes. My personal matters should take me a few more weeks and I will contact you to discuss the house shortly thereafter. Regards,

Subject: "BA/E296.1 Questionnaire-due Oct. 25".

Body: ******************************************* University of California - Berkeley Haas School of Business Fall 2001 BA/E 296.1 - Nonprofit Boards of Directors ******************************************* *PLEASE RETURN TO lynnelh@pacbell.net BY THURSDAY, OCTOBER 25th, 12 NOON! * STUDENT QUESTIONNAIRE To assist us in determining your knowledge of, and experience in, the nonprofit sector we ask that you fill out this short questionnaire prior to the first class on October 27th and return it by e-mail to lynnelh@pacbell.net as soon as possible (please by no later than October 25th, 12 noon, so results can be collated!). It should only take a minute. In addition, you should have received a previous email from me with information about the reader, syllabus and class attendance. If you did not receive this email, please notify me immediately and I will forward it to you. Thank you and I look forward to meeting you on Saturday! NAME: 1. Have you served as a member of a nonprofit board before? If no, skip to question 3 and 5, if yes, please answer question 2, 3, 4 and 5. 2. Name of organization(s) and approximate dollar amount of operating budget? 3. In a few short phrases, summarize what you feel is the most important role of a board member in a nonprofit organization. 4. In a few short phrases, what have been the most exciting and challenging aspects of your board role? 5. From your perspective, what do you believe are the two or three largest challenges facing the nonprofit sector today? Thank you!

Subject: "Yen CLN follow-up".

Body:
Adam, To follow-up on our discussion from last week: With regards to the need for equity/certificates at the Trust level, this is really a function of the requirements posed by the investors. Our tax group would defer to the underwriters. If the note investors can tolerate equity treatment (for tax purposes), then there should be no need for certificates in the structure. In previous transactions, the presence of certificates has allowed the notes to be treated as debt for tax purposes and therefore the payments treated as interest income. With regards to cross-default, a default in the Enron note does not result in a default of the swap between Enron and the third party entity or a default of the swap between Enron and the financial institution. Attached is a diagram of the prepay structure, as discussed last week. Feel free to call with any questions. Regards,