All, At our offsite in Miami next week, each of you are on the agenda to present your business and goals. This will be very short, only 20 minutes (an agenda will soon follow but we will have a business meeting from 8am - 11:30am on Saturday). Please prepare a few of pages on power point and submit to Cathy Phillips so that she can have all the presentations ready for that Saturday morning. Attached below is a copy of the abbreviated goals that I submitted to Frevert, summarizing EGM's 2001 goals. Please do not hesitate to change the list and add to it, it is only a guide and was used as a quick reference of EGM for the Enron board. After this meeting, I will take each of your presentations and make a more comprehensive goals and objectives list for EGM as a business unit. Also please add some of your other specific goals that illustrate where you want to be by year end regarding your competitive position and/or market share. For example, to be the largest marketer of coal in the US, to be the largest options player in crude and products, or what ever is appropriate. Also attached, for your information, is a recent presentation from the coal group. We thought that this was an excellent format and review. In the upcoming weeks, we would like to see an update on each of your businesses as well. I will let you know more in the next few weeks about the timing and format. Thanks,

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Offsite and 2001 goals