Problem: BODY: Debra: Susan Flynn mentioned that you might be able to help me out on getting some Enron stuff for the kids that I teach Junior Achievement to at my son's school. I have been trying to contact someone that would be willing to give this class some Enron freebies with no luck. I think that Marge Nadasky was the last person that my secretary talked to. Do you know of anyone that can help me out? Carol
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A: SUBJECT: Misc

Problem: BODY: Michelle, This email confirms our discussion that one of the mandates of the Compensation Committee of the Board of Directors of Enron is that they approve all formations of and grants related to any subsidiary equity or phantom equity plans. Mary and I can and will work closely and quickly with any group needing to get this done. Mary is responsible for presenting the plan for approval to the Compensation Committee after Tax, Legal, Accounting, Commercial and HR interests are scrubbed. These types of plans have accounting, legal and tax complexities that need to be worked out and change regularly. Also, it is very important that no written or verbal promise related to equity grants before Compensation Committee approval is obtained. Regards,
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A: SUBJECT: Subsidiary Equity or Phantom Equity

Problem: BODY: Scott and Ed, Per a minibook I ran as of 11/30/01 (w/ the one deal corrected that ENA had misbooked), the value due to Enron should be $214,000 (Dec'01 - Dec'03). This value is PV'd at LIBOR not 10% as requested by the counterparty. The value does not include attorney's fees requested by Interconn of $1,500. In addition, Interconn would need to pay the November '01 invoice due to Enron of approximately $1MM. The final settlement will need to be approved by the Creditor's Committee before Enron can agree to alleviate Interconn of their contractual obligations regardless if the settlement value is agreed upon by both counterparties. Let me know if the counterparty has any further discrepancies with the value I calculated above. Thanks,
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A:
SUBJECT: Interconn Resources