This is the content of an email: Rob: On the recording language issue, we can agree to the following: Instead of limiting it to trading, marketing and scheduling personnel, we can agree that it is limited to all telephone communications that are made to or from each party's trading floor. This is because all calls that originate out of our trading area are always recorded no matter who picks up on the other line. Does that work for you? I'm still checking on the confirmation/transaction tape issue. Also, our credit person will agree to the Moody's trigger in the MAC language that we discussed.

Subject: Recording Issue

This is the content of an email: Dear Ms. Smith and Mr. Calme, I am sorry you could not reach me for comment on today's article. I did not receive any messages from you on my home phone, cell phone, office phone or via email or fax, so I am not certain how you actually tried to reach me. Nonetheless, since you seem to have run out of stories to report and have decided to focus on transactions for 1997, I thought it would be helpful to address some of the facts that you did not present in your story. Three other partners, David Cox, Edward Ondarza and Sean Shaub, started Paper & Print Management to develop a derivatives market for pulp and paper products. Mr. Cox and Mr. Ondarza were also brought into Enron when Enron purchased the rights to the company and gave me the contract you described. Mr. Cox received the same compensation terms as I did and Mr. Ondarza received slightly lower compensation. Both Mr. Cox and Mr. Ondarza are still with Enron. You may be familiar with Mr. Cox as he was featured in an article that Fortune ran on Enron a couple of years ago. The $1 million payment was used to purchase rights to the business from the Southern Company, who had funded our startup costs. With the acquisition, and to this date, Enron is the leading market maker in pulp and paper derivatives. I believe they have transacted over $15 billion notional since they acquired our company. I do not have access to the specific P/L because I am no longer with Enron, but the pulp and paper trading organization at Enron generated enough profit to fully repay the cost of purchase, including the contracts provided to myself, Mr. Cox and Mr. Ondarza, inside of two years. If I can answer any additional questions, please feel free to contact me. Email is best. Take care, Mark

Subject: Today's Article

This is the content of an email: Just a reminder that I will be out of the office on Wednesday 11/21/01. If you need assistance, Becky can help you and she can reach me if needed. Ina

Subject: Reminder

This is the content of an email: Phillip, I will get a room for our Wednesday 10:00 meeting and e-mail you with the room number. FYI, our goal is to discuss the expert path (best answers) for the storage problem and to ask you some specific questions regarding storage. Also, if you have time, could you send me a definition of Intra-Month Risk? Thank you for your help.
Subject: Wednesday Meeting