Subject: "ISDA for Peoples/Enron activities".

Body: Hi Sara, I believe we still have an interest in using an Enron form as a go by for the Enron/Peoples activities. If you can give me what you are comfortable with, I will make sure it is transmitted with the appropriate caveats, confidentiality restrictions, etc. Thanks,

Subject: "Two Replacement Contracts-please approve".

Body: Louise, David asked that review the attached requests in his absence. Both are replacement contracts at equal or less value than what we offered in original contracts. Thanks. Jenai-Kari will send the info as soon as we receive it from the estate. Please place priority on the contract for Schields as we would like to have a fax as soon as possible on Thursday. Call me on Thurs am if you still do not have what you need. Thanks.

Subject: "Pulp & Paper".

Body: I've got several European counterparties on my 8/3/00 ClickPaper Online List, the UK, Italy, the Netherlands, Sweden and France. Are there any restrictions on trading financial pulp & paper in Europe? Everything going well...?

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.