Subject: "GSA revision".

Body: Rick, In preparation for the meeting with the lenders on Tuesday I was reviewing the GSA and I wonder if YPF has any force majeure claims which could impede our rights to terminate. I know they indicated at least verbally that they had encountered some problems in Argentina. Although a stretch has Dean or Novak indicated that this could be a defense?

Subject: "our discussion today".

Body: Ken - I appreciate the time today. We look forward to working with Enron, if the opportunity presents itself. Atlas can assist in structuring and raising substantial new equity - we already have $150mm (subject to due diligence and terms and conditions) that has been "soft circled". Please feel free to call me at any time.

Subject: "MANDATORY MEETING: California Litigation Update".

Body: Given all of the recent news about California-related litigation, I thought that it would be a good idea to hold an information session for people on the desk about what is happening with Enron on this front. I have asked Richard Sanders, who is ENA's chief litigation lawyer, to make a special trip to Portland to talk to us about it. He will be prepared to review the foundation of all of the current lawsuits that are ongoing and what these lawsuits mean to Enron and to us as traders and marketers. I strongly encourage you to come to this meeting as I think that you'll find it very useful.

Subject: "2002 IT Systems Development Allocations".

Body:
Mark, Please review the attached listing and advise if you agree to the projects and amounts listed as billings that Enron North America will receive in 2002 for support of these efforts. I'm at x30352 if you have any questions. Thanks!