Subject: "Hello from MSU".

Body: Hi Mark. I know that you are busy with critical Enron business matters now. I don't want to intrude on your time at this critical juncture. I do want to wish you much luck and success in getting things worked out. When things settle down, I would enjoy having an opportunity to continue our discussion. I appreciated your willingness to speak with me earlier this fall. Thanks for your consideration. And if I may ever be of help to you, please don't hesitate to contact me. Best regards,

Subject: "March Monthly Index Transfer".

Body: Kathy, Could you find out what the breakdown between the $CND and $US monthly index positions transfer to our book were for the month of March. I just want to double check that it is being represented properly in our currency positions. Thanx,

Subject: "Moody's Basis for Placing Enron Securities on "Review for Downgrade"".

Body: In order to ensure that our communications with the investment community are consistent, Stephen Moore of Moody's and I have agreed to publicly state the following as it pertains to the Moody's rating action taken today: Full Review To Occur - The action is intended to be the catalyst for a full review of our business operations to occur in the coming months. The company's appropriate rating will be determined during this time frame; Primary Areas of Concern - Moody's will be focusing on the following items during the review: Potential Future Equity Write downs: Dhabol California Broadband Fiber Network Wessex/Azurix Slow Progress in Asset Sales - we have been discussing sales for the past 18 months with limited closings Material Working Capital/Margin Expansion - has resulting in negative cash flow from operations The Equity Adjustment - Moody's was unaware of the potential of an equity adjustment of this magnitude Please let me know if you would like to discuss any of the points in detail. Regards:

Subject: "Latest Swap Docs".

Body:
Jeff: I am assuming that someone on the Enron Corp. side has signed off on the new "jurisdiction" language that has now been inserted into the swap assignment and schedule as this language is a fairly radical change from what we had in there before. Please confirm. Carol