This is the content of an email: The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. (See attached file: heatcrack33.pdf)(See attached file: gascrack33.pdf)(See attached file: crudespread33.pdf) - heatcrack33.pdf - gascrack33.pdf - crudespread33.pdf

Subject: crude spread and heat & gas crack as attachments 6/8

This is the content of an email: Subject: TYZ/TYH ROLL SHOULD NARROW/Roll longs now Date sent: Mon, 26 Nov 2001 15:24:12 +0000 Recommendation: Roll long TYZs now at 39/32 or roll short TYZ later in week 2 to 3/32 lower. Rationale: The TYZ/TYH roll will be impacted by a number of factors. Most important, we believe, will be changes in the contract's cheapest-to-deliver caused by market movements. Changes in CTD will change the amount of net positive carry that is the primary determinant of the TYZ/TYH roll's value. For example, The TYZ/TYH roll priced using the 6.5% 2/10 has 35.75/32 of net carry, while the roll priced with the 4.7% 11/08 has only 28.5/32 of net carry. |------------+--------+--------+--------|

Subject: fyi: TYZ/TYH ROLL SHOULD NARROW/Roll longs now

This is the content of an email: Here is the final purposed clean assignments with Williams and Dynegy. The NET result will be and elimination of $35.1 MM Williams risk, ONLY if Williams will accept 35.1 MM of Dynegy Risk. - Susan & Tracy

Subject: Final . . . Williams and Dynegy clean assignments

This is the content of an email: It is said that some days are better than others, but they should always be kept in perspective. You have been, are and will be the leader of Enron. You are the man! Best Regards,
Subject: Perspective