IN: With respect to Part 2, Tax Reps and Part 5(l) deletion, the Enron Corp. tax group is fine with the changes (although these are not necessary). Also, Enron will deliver forms as Barclays wishes. Let me know if you have any questions. Sara

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OUT: BLACKBIRD - Schedule to the ISDA Master Agreement

IN: THE GIFT OF LIFE submitted by Amber Tozer On the very first day, God created the cow. He said to the cow, "Today I have created you! As a cow, you must go to the field with the farmer all day long. You will work all day under the sun! I will give you a life span of 50 years." The cow objected, "What? This kind of tough life you want me to live for 50 years? Let me have 20 years, and the 30 years I'll give back to you." So God agreed. On the second day, God created the dog. God said to the dog, "What you are supposed to do is to sit all day by the door of your house. Any people that come in, you will have to bark at them! I'll give a life span of 20 years." The dog objected, "What? All day long to sit by the door? No way! I give you back my other 10 years of life!" So God agreed. On the third day, God created the monkey. He said to the monkey, "Monkeys have to entertain people. You've got to make them laugh and do monkey tricks. I'll give you 20 years life span." The monkey objected. "What? Make them laugh? Do monkey faces and tricks? Ten years will do, and the other 10 years I'll give you back." So God agreed. On the fourth day, God created man and said to him, "Your job is to sleep, eat, and play. You will enjoy very much in your life. All you need to do is to enjoy and do nothing. This kind of life, I'll give you a 20 year life span." The man objected. "What? Such a good life! Eat, play, sleep, do nothing? Enjoy the best and you expect me to live only for 20 years? No way, man!....Why don't we make a deal? Since the cow gave you back 30 years, and the dog gave you back 10 years and the monkey gave you back 10 years, I will take them from you! That makes my life span 70 years, right?" So God agreed. AND THAT'S WHY.... In our first 20 years, we eat, sleep, play, enjoy the best and do nothing much. For the next 30 years, we work all day long, suffer and get to support the family. For the next 10 years, we entertain our grandchildren by making monkey faces and monkey tricks. And for the last 10 years, we stay at home, sit by the front door and bark at people!

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OUT: Good joke

IN: Jeff, Thank you so much for your endorsement of Expectations Investing. Michael has been singing your praises to me for some time now and I too am a real fan of your innovations at Enron. Best wishes for continued success. Al Rappaport

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OUT: Thank you for your endorsement

IN: We are currently updating our database of brokerage agreements for Ted Murphy. We only show two (2) executed agreements for ECTRIC and/or UK SPVs. These include agreements that ECTRIC has with Fimat Futures UK Limited and Paribas Futures, Inc. If other such agreements have been executed, would you please advise and send copies to Houston. Ted will now keep a duplicate set of agreements. Also, would any other European locations have executed brokerage or futures agreements? If you have any questions, please call. Regards. Sara

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OUT:
Brokerage Agreements - England