IN: This is an email
Attached is the latest "redraft" of guidelines based upon my conversation with Brent (who has not yet seen the attachment). Let's discuss these tomorrow. I'll conference you at 9 am. Thanks. Sara Lynn: I'll forward separately Brent's proposed paragraph for the Houston trader.

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OUT: Financial Trading Guidelines: ARGENTINA

IN: This is an email
I go away for a day and come back to yet another $40 million of PGE exposure. I guess the lesson is to not go away. Where does this end? This is a painful way to learn about derivative credit exposure. Please inform all "deal doers" at EES that they better have RAC review their deals (Mercury) in detail before they sign. This is more out of control than anything else we have at Enron. Rick

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OUT: Another $40 Million?

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Good Morning All, As a matter of information, I am forwarding the below attached document. Please give us a call, should you need us. Thank!! <<organization Changes.doc>>

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OUT:
Organizational Change