Subject: "Lunch on Thursday".

Body: Friends and Co-Workers: You are hereby cordially invited to a pre-holiday office lunch this Thursday at approximately 11:30 a.m, courtesy of the Trading Attorneys. LEGAL NOTICE: Christian Yoder and Steve Hall (hereinafter "we" or "our" or "us" ) intend to pay for the food (which will probably, but not necessarily, be pizza and salad) with post-petition Chapter 11 salary dollars that have already cleared our respective individual bank accounts and, therefore, by joining us in the meal ("Lunch") you will not be exposed to any retroactive claw-back risk by way of the Cash Account Committee. We are also investigating the possibility of providing a limited quantity of a certain kind of beverage ("Beer") under a provisional waiver of the defunct pre-petition Company's drinking policies, subject to approval by the Estate's Liquor Control Board which is being sought on an expedited basis. We feel like making this modest holiday gesture for several reasons: 1. It has been a pleasure working with you all during the past year. 2. We are optimistic about this office's prospects in the upcoming year. 3. American Express forgot to cancel our Corporate Cards. We hope you will join us for a free lunch as we look forward to a prosperous New Year. Christian and Steve

Subject: "We need a good project name documents".

Body: Attached is a clean and red lined version of the loi. I'm expecting a call from David Hunt, so I haven't dealt with the limit of liability stuff yet. The Beck comments are good comments which we need to discuss internally, but since we haven't, I'm happy to take the position that the comments seem to fit better in the drafting of the definitive ageements. Kay

Subject: "Enron Whine and wine party".

Body: Folks, Had an idea to get together this weekend at the casa and maybe watch a little football, shoot some pool, drink some wine (or beer), and 'whine' about Enron. Who knows when we'll all get together again, so anyone up for a Sat night down South of town? Let's hear some interest out there! Brad

Subject: "EOL Crude Transactions".

Body:
Tom has extracted the crude trades from Clayton's database. A spreadsheet is available in O:\Research\Common\From_BobLee\crudewti.eol.get. We are working on a cleaner version, but this should allow everyone to get a view of the data we have. The attachment below has a description of the data fields in the spreadsheet. If you have ideas on how we should analyze this, let Tom or I know. Bob Lee