Subject: "Deutsche Bank Guaranty".

Body: Attached for your approval is the form of Enron Corp. Guaranty in favor of the referenced Counterparty, which guarantees the obligations of ENA under an ISDA Master Agreement. We will need the standard executed copy. In addition, we will need the following closing documents: Certificate of Incumbency. Upon approval and execution, please call me at x33399 to pick up the documents. Thank you for your assistance in this matter.

Subject: "Swap Group Meeting - Wednesday, April 4".

Body: Susan: Just a reminder that our meeting is at 10:00 am on Wednesday, 38C1. Please confirm that you will be able to attend and speak to us re: tax issues for derivatives. I am glad to assist in any way. Thanks.

Subject: "California bankruptcy expenses".

Body: Vicki, how much $$ are we talking about for the bankruptcy and the class action suit? It does not seem inappropriate for us to share the bankruptcy costs given the CTC issue. I agree with you on the class action suit. Lets discuss further before we approach ENA. Regards

Subject: "Williams Energy News Live -- today's video newscast".

Body:
=09 =09 Dear Eric, I'm Washington Bureau Chief Peter Cook filling in f= or Jay Rickerts. The top Democrat on Capitol Hill is returning to Washing= ton during this Congressional recess - Senate Majority Leader Tom Daschle i= s expected to give a speech on Friday to discuss what can be done to improv= e the U.S. economy. Our Washington bureau will have highlights from the sp= eech tomorrow, and any comments Daschle makes on energy. The Majority Lead= er has scheduled debate on the Democrats' energy bill to begin soon after l= awmakers return. We'll also continue to look ahead at the year in energ= y. Energy Daily Publisher Llewellyn King is stopping by in the 11:00 a.m. E= T newscast to give his predictions on what we can expect from the energy se= ctor in 2002. During the noon ET newscast, the Center for Strategic and In= ternational Studies' Robert Ebel will give us his assessment of the global = oil picture now that OPEC's production cuts have begun. We'll also take a = look at what's in store for the Federal Energy Regulatory Commission this y= ear as PA Consulting Energy Economist Ed Key stops by during the 4:00 p.m. = ET newscast. We have a big Friday scheduled - I hope you'll join us for ou= r Washington reports. Crady, Jewett & McCulley, LLP Partner Shelly Bush= Marmon will be in the Houston bureau on Friday. She'll bring us informati= on on how energy companies can protect themselves in the wake of financial = disasters like Enron. Marmon will be in the Houston bureau during the 10:0= 0 a.m. ET newscast. The Houston bureau will also continue to follow the E= nron court case from the perspective of the city of Houston. Don't miss re= ports from our Houston bureau on Friday. West Coast Bureau Correspondent= Kym McNicholas says Henwood Energy Services' Gary Hunt will speak with her= on Friday. Hunt will discuss new trading strategies and new ways of evalu= ating energy companies in light of Enron's downfall. Catch Hunt during the= 1:00 p.m. ET newscast tomorrow. Closing Prices for Thursday, Jan. 3, 2= 002 Crude: $20.37/bbl -$0.64 Unleaded: $0.6045/gallon -$0.0061 Heati= ng Oil: $0.5600/gallon -$0.0186 Gas: $2.268/mmBtu -$0.197 Keep in mind = things are subject to change at a moment's notice. Occasionally guests have= to reschedule or change time slots. We'll continue to do our best to keep= you updated on future interviews and events. Be sure to watch our news= casts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour. = =09 =09=09=09=09 =09=09=09=09=09=09 =09 =09 =09Peter Cook, EnergyNewsLive.com Washington Bureau Chief View today's= Energy Wrap Video Windows Media Player: 56K | 100K | 300K Real Player: = 56K | 100K | 300K (Requires Windows Media Player or Real Player ) Expe= rience all that Williams Energy News Live has to offer! If you are receiv= ing this letter for the first time and wish to continue, subscribe now T= o stop receiving this letter, unsubscribe now If you are having trouble = receiving this e-mail, please let us know or call (800) WILLIAMS (800-945=