This is the content of an email: Lynn Aven and I are in the process of finalizing a memo on the Argentina trip and we will also have a separate list of "action points" for Mike G. I am not planning to do anything further with respect to Argentina per your instructions (eg, there is an ADA conference in June and we have been asked to provide a speaker; we have been asked to comment on the ADA local master format; finalizine trader guidelines and termsheet format). Also, I am not planning to do anything further with respect to Brazil other than finalize our financial trading matrix. I have cancelled my trip to Sao Paulo at the end of March and will table the "derivatives training" indefinitelly.

Subject: ADA Derivatives conference

This is the content of an email: The state treasurer sent a letter this afternoon to Loretta Lynch. The treasurer claims in the letter that, by extending DA through Sept. 20th, the PUC could have shifted more than $8 billion to small customers. He urges Lynch to immediately roll back the date to July 1. We have started working with large customers to refute the letter. If you would like a copy of the letter, please send your fax number to Joseph Alamo. Best,

Subject: California Treasurers Calls on Lynch to Immediately Set DA Suspension Date Back to July 1

This is the content of an email: There will be a UBSWE Migration TONIGHT....please make sure that you LOG OFF before you leave today. Monday morning, (2/4/02), you will logon with your Enron NT Account and Password. You will immediately be forced to change your password (following Enron rules) and your NT ID will stay the same. Once you've changed your password, and logged off AGAIN, you will see the UBS Warburg Energy Screen....email will not be affected until day one. Starting Monday, you will receive emails from IT support to explain the HOW TO's for your data that YOU will need to begin transferring over to UBS. All material will need to be in compliance with UBS standards and NO documents or emails are to be deleted. In Outlook the following information will be transferred over by IT: Calendar, Contacts, Tasks, and Notes. Emails (Inbox, Sent Items and Deleted Items) and folder structure will NOT be migrated. ALL data MUST be migrated PRIOR to day one (estimated to be 02/08/02 ), as access to Enron data will be disabled Day 1. Thanks for your immediate help in this matter.

Subject: ALERT!!

This is the content of an email: Dear Ken, I would like to thank you for the great experience that I had with Enron, and for the opportunity that you gave me three years ago. I joined Enron looking for a change and I have never regretted of my choice. A lot of things changed over this time. In my first presentation to Gazprom in Moscow, I remember, that I pictured Enron as the largest gas pipeline operator in Americas aggressively looking for energy development projects in emerging markets. Two years later, I was talking to Microsoft executives in Redmond, who were looking for a partner to conquer a high-tec broadband world. I don't know any other company, which can offer such an opportunity for a change and growth, and which is able to change itself so much as Enron. I am grateful that over this time you have been personally involved in my business career and introduced me to the Enron management team - Mark Frevert, Richard DiMichele, Vince Kaminsky and others. I also would like to use this opportunity to admit some of my mistakes. As it was my first experience inside a corporate environment (not as CEO), it took me some time to develop relationships with people inside Enron. These relationships are critical to achieving success within the company. But Enron is a great place to learn, and in a culture that encourages innovation and risk-taking, some mistakes are inevitable. I am pleased that the deal that my team and I developed and managed to provide Microsoft (MSN) with broadband network was successful (you may remember we discussed this idea prior to my move to Enron Broadband Services). This spring I took an advantage of your recommendation and graduated from the Harvard Advanced Management Program. It was a great experience and I learned professionally and personally. It was a very competitive group of executives from all over the world, and the program consisted of a three-month intensive academic curriculum. Together with one of my Harvard classmates and his Canadian telecom company, we are now working to start a new business in the US. You have a challenging task to return Enron to its leadership position. I admire the steps that you are making. Without restoring integrity to internal and external relationships, it would be impossible to achieve this goal. I have no doubts that you and your colleagues will make this happen. I wish you all the best and thank you again for the opportunity that you
Subject: Letter from Boris Brevnov