IN: While recruiting on campus recently I became aware that a decision was made at the Program level to not interview this fall for 2001 summer interns. In talking with students and faculty at The University of Texas and University of Oklahoma, it became clear that there is concern over the feasibility of an internship with Enron, as other top firms will be recruiting this fall for summer 2001 interns. I have communicated my concerns to Lexi Elliott and her manager, Shelley Jones, and was told by both that the decision to delay interviews for summer interns was made at a Program level based on Enron's staffing. When I asked about the competitive data available regarding the practice of other firms on summer intern interviews, I was even more concerned to discover that neither Lexi nor Shelley had that data. It would seem critical to know what the competition is doing in terms of summer intern interview schedules in order to understand the risk that could be created for Enron by not interviewing this fall for these important feeder positions for our Analyst and Associates programs. I have had conversations over the last two weeks with Lexi and Shelley, with no resolution. When they could not provide the competitive data to either confirm or eliminate my concerns, I volunteered to have James Scribner, a Senior Director on my team, obtain this market information. Lexi and Shelley either did not have the time to gather this data, or were not sure how to do so. They were pleased to have some help in getting our hands on this critical information. I now have information at hand with regard to firms that will be recruiting at UT and OU this fall for summer intern positions. And based on this information, I believe that Enron is at risk for not hiring top students as interns for the summer of 2001 if we do not interview for these positions this fall. While my research only touches on two of the schools at which Enron recruits, I want to raise concern over this as a potential problem at many, if not all campuses that we have targeted for recruiting. As administrators of the program, you rely on the involvement of senior members of the company to carry the Enron message to campus. I believe that we also have an obligation to make this a two-way messaging system. I strongly believe that we must address this potential risk for Enron extremely quickly, as teams will be on campuses across the country to conduct interviews in a matter of days. I suspect that many Enron participants in the recruiting process are unaware of the Program's decision regarding the timing of interviews for summer internships. In working with Rick Causey and Mike McConnell, executive sponsors for UT and OU, respectively, they are as concerned as I about the decision on interviewing summer interns. I have copied both of them on this note to the two of you. Please let me know how this can be resolved. With the help of James Scribner and others, we have already compiled a list of students at UT and OU that should be targeted for summer internships. I will offer as much of my time as is feasible to work with staff members of the Program to devise creative ways to turn this around.

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OUT: Hiring Practices for Summer Interns

IN: Your review and approval of the following product type in the EOL Data manager is needed (for directions on approval, please see steps for approval at the bottom of this e-mail). US PlasticHDPE Fin Swap US HDPE IM Swap CMAI Nov01-Apr02 c/LB A US Plastics financial Swap Transaction with Enron North America Corp. for high density polyethylene, injection molding grade under which the Seller pays a Floating Price and the Buyer pays the price submitted by the Counterparty on the Website (the Fixed Price) in each case in respect of the Notional Quantity per Determination Period. Each calendar month during the term of the Transaction will be a Determination Period. The Notional Quantity per Determination Period shall be the volume submitted by the Counterparty via the Website. The Payment Date(s) will be 5 business days after the Floating Price is determinable. The Floating Price shall be the Index for the relevant Determination Period. The term of the Transaction shall correspond to the date(s) set forth in the Product description on the Website. The Index for a month shall be the arithmetic average of the high and low Cents/Pound prices of High Density Polyethylene - Injection Molding grade published under the headings "Global Plastics & Polymers Report: Month Ending Prices (DATE) North America : High Density PE Injection Molding" in the month-end issue of Chemical Market Associates, Inc.'s Global Plastics & Polymers Market Report effective for such month. The price is quoted in cents (US) per unit of measure which will be the Contractual Currency. The unit of measure against which the price is quoted shall be pounds. STEPS FOR APPROVAL: click the START button select PROGRAMS select TEST APPLICATIONS select ENRONONLINE CLUSTER(PROD) PROCEED WITH USUAL LOGIN/PASSWORD click the Enron Online Production Cluster "START" button select EnronOnLine (this is the EOL Datamanager) PROCEED WITH EOL LOGIN/PASSWORD click on the "+" for EnronOnLine click on the "+" for Product Types click on the "+" for "Awaiting Approval" (OR "Partially Approved") select the product requiring review as stated in e-mail above Right "mouse" click on "properties" to view product set-up TO APPROVE: Right mouse click on "Approved" CW 3-7533

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OUT: Product Type Approval Needed (US PlasticHDPE Fin Swap)

IN: Please see the attached (hit F5 for a show) invitation for Jennifer Lev's Baby Show to be held Wednesday, October 24, 2001 at 2:30 p.m. Please let me know if you are planning to attend by Monday, October 22, 2001. If you have any questions, please contact one of the 'Shower Coordinators': Kim Bragg, 3.7063 Linda Escamilla, 3.3809 Traci Rainbow, 3.7720 Amelia Williams, 3.6857 Thank you, Amelia...

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OUT:
Invitation to Jennifer Lev's Baby Shower