This is the content of an email: A few people have requested the agenda for the offsite tomorrow and Friday. We had originally intended to distribute it at the meeting tomorrow, but here it is! PLEASE NOTE THAT WE START AT 8:30 BOTH DAYS. Please let me know if you have any questions. If you need directions to the San Luis Hotel in Galveston, please call Sharron Westbrook or me. Thanks!

Subject: Agenda - Global Accounting Leadership Conference - Sept 20 & 21

This is the content of an email: Welcome to Enron Center South. As you have probably already noticed, things look a little different here. We wanted to orientate you to your new environment and inform you about the future technology coming on-line in the coming weeks. Occupancy Guidebook To Enron Center South You will find this handy guide on your desk; it contains information concerning the enhanced printer environment, the new easy access keyboards and telephony procedures. NEC Monitors The NEC monitors have an internal anti-glare screen to help reduce eye strain and eliminate the need to install an additional screen cover. Additionally, an integrated speaker has been installed on one monitor for each desk. Turret Users An "Alliance MX turret quick reference guide" has been placed on your desk; this includes important information about the new features such as "Caller ID" and "Voicemail Indication". Increased Information Access There are approximately 65 NEC 50" Plasma screens installed on the 3rd floor. While many of these will be displaying information designed for the specific unit, others will be displaying various television channels. The audio to these television channels can be accessed via any of your telephony equipment. Here's how: Ten audio channels have been set up for access from your either your Avaya telephone, Stentophon, or IPC Turret. The channels have been defined on Page 15 of your Turret. To access the audio from either your Avaya or Stentophon, simply dial the extensions shown in the table below: Channel Avaya Stentophon Weather Channel 12401 801 CNN Headlines News 12402 802 CNN Financial News 12403 803 CNN 12404 804 CNBC 12405 805 MSNBC 12406 806 Financial News Network 12407 807 Bloomberg 12408 808 Fox Sports 12409 809 ESPN1 12410 810 Wireless Telephony You may notice the cellular phone coverage is not consistent across the floor, and some areas have virtually no coverage at all. We are implementing a multi-network "in-building" system to provide consistent high quality service for the campus, keeping you in touch while you are on the move. Wireless LAN The infrastructure to support Wireless LAN technology is in place and is being tested. We will be implementing multi level encryption and security to keep our intellectual property safe from eavesdroppers or hackers. Amtel Replacement As a move to provide a more flexible "Plug n Play" environment and to help with the reduced desk footprint, we have replaced the Amtel message boxes with Microsoft Exchange Instant Messaging. We are testing an additional software product to provide some of the features not available with Exchange Instant Messaging; these include one-touch response keys, external LED display, message logging and printing. This system is being tested within the environment and will be available in the next few weeks. Keeping an Open forum We will keep you informed of the changes and developments as the migration to the building continues, please feel free to respond with any comments, queries or suggestions to mailto:Enron.Center.South.Technology@enron.com

Subject: Enron Center South Technology Watch

This is the content of an email: Hunter... I spoke with Louise on executing MGU. She wants us all to sign the dash that I provided you yesterday and then I can sign the contract. Of course the conversation went to value and I described the arrangement as such 1) Original mark to Russell of $2 MM - I described that the value would either a) fall out of the structure or b) you and I would determine another manner and 2) trading and origination would share the go forward value in the transaction as 60/40 unless you were required to create $2MM and then you would be covered on the monthly cost annuity first and then a sharing of 60% to you 40% to origination. I emphasized the exercise of tracking this transaction against structure to determine the merits of our current analysis/internal process. Attached is the dash for you to review and then call me with 1) your changes or 2) your approval. Thanx,

Subject: MGU

This is the content of an email: Hi Mum! Ann and I saw "Mr. Ripley" and I lay awake last night wondering how else the main character could have dealt with his dilemma on the boat! I think I need to go to the movies more often; perhaps it will help me avoid this blurring of film and reality. My tendency is to really get involved when I see them on the big screen! Might be going to San Francisco next week. I'd really like to go. We'll see. Probably I will come to Austin on Saturday but I've not heard from the landscaper yet. I doubt they will be working on the weekend though. Hope you're having pretty weather as we have in Houston today. Love,
Subject: Day after Ripley