This is the content of an email: In the interest of time, I have revised our draft ISDA Schedule to conform in most material respects to the 1994 (effective 1992) agreement executed between ERMS and Merrill Lynch Capital Services, Inc. ("Old ISDA"). This was done to accommadate the Merrill lawyer, Gary Rosenblum (who didn't want to read our Schedule!). The Old ISDA is not identical to the format used by Merrill Lynch International today so I'm not sure how hard they will press for other changes. There are two potential credit issues that I see: (1) agreement as to the Enron Corp. guaranty cap (and possible Merrill Lynch guaranty cap) and (2) our introduction of a MAC provision in the form of an Additional Event of Default (necessary because the Old ISDA had a Credit Support Annex and this one does not). I left a voice mail for Gary Rosenblum and asked that he let me know when he was available on Monday to talk AND to have his credit person contact Rod Nelson. Sara P.S. I haven't heard from Morgan Guaranty Trust Company or Morgan Stanley Capital Services, Inc.

Subject: Merrill Lynch International

This is the content of an email: This email message revises our previous message in two ways: (1) it corrects the spelling of Dr. Cicchetti's name and (2) it provides a call-in number for the conference room in which the deposition will be held. We apologize for the misspelling of Dr. Cicchetti's name; unfortunately, we copied the misspelling from the transmittal letter that accompanied Dr. Cicchetti's testimony. The deposition of Dr. Charles J. Cicchetti will be taken at the offices of Steptoe & Johnson LLP on Wednesday, November 28, 2001, beginning at 9:30 a.m. Details Proceeding: San Diego Gas & Electric Co. v. Sellers of Energy and Ancillary Services, Docket Nos. EL00-95-045 et al. Deponent: Dr. Charles J. Cicchetti

Subject: Deposition of Dr. Cicchetti -- Corrected Details

This is the content of an email: Stan felt it would be appropriate for the Policy Committee to review the attached changes to the Analyst / Associate PRC process, prior to execution. In summary, the following modifications have been developed by the heads of the AAPRC Committees (Horton, Kean, and Sherriff) and A/A Program Management (Lemmons): ? Most cross-calibration will be at the business unit level, since this is where the best interaction and information gathering occurs. Steps to ensure consistency across the business units are outlined in the memo. The final PRC meeting will focus on business unit ranking distributions, and the names/attributes of the top performers across the company. ? The PRC committees have been expanded to improve the quality of representation, and to reflect the diversity of our workforce. The additions were selected from a pool of high performing VPs and Directors. To ensure fairness, only VPs and Directors will provide representation on the AAPRC Committee. ? An attachment has been included to clarify program tenure and promotion criteria. Please let me know if you have any questions or would like to discuss by mid-day Wednesday, May 9. We are planning to release this information to the memo distribution list that evening. Regards,

Subject: Policy Committee Review - Analyst/Associate Program PRC Process

This is the content of an email: Hey Matteo, How's everything goin? SO, I am so pumped about Utah. I talked with my friend Jeff and he told me so much more about Park City, skiing there, where to go, the night life and the Sundance Festival. He is going to write up a bunch of stuff for us and would like to meet up with us for a day or two as well. We are planning on Martin Luther King weekend still?? I was thinking that maybe Brad and Heather might like to go as well. Sent out the invite to a few people, will know more by the end of the week. I say let's get the tickets and start planning. Once I get the specifics on ski places from Jeff, I'll have a better idea of where would be the best place to crash. By then maybe we will have a few more people commited and can make a decision. Sweet! Also, last night I brought up the idea (to Duncan) of going to Australia in February for a few weeks. I know that you and Jeff have been thinking about it. Just thought I would let you know that we are too. So, how did your weekend go with the chica???? love, k
Subject: trips, chixs and other fancy things