Subject: "Giving notice to WestLB for Elektrobolt".

Body: Due to Rose being out of town, I thought I would respond to a question concerning giving notice to WestLB, and the preparation of the assignment and assumption agreement. The giving of written notice to WestLB may result in the equipment being subject to the notice coming on the balance sheet. If there is a subsequent problem in closing, the equipment is tainted. I believe Enron has coordinated this with WestLB, so that the notice period can be shortened until there is a certainty of closing. A&K has prepared the assignment and assumption agreements in the past, and I will go out on a limb and suggest that they conform their form for this transaction. We will have a couple of changes in the GE consent and assignment agreement, based on changes requested by WestLB in connection with the TurboPark transaction. I'll make the changes. Hope this information is helpful. Kay

Subject: "Updated List".

Body: I have updated the list to reflect all changes received. If you notice any more errors or if any counterparties have been reassigned, please let me know so that I can continue to make changes. Also, please see Louise's additions at the bottom of the list (from Adams Resources Marketing downward) and let me know if you have good relationships with any of these counterparties and could please take responsibility for them. Otherwise, our marketing team will be contacting these customers. Finally, please note that even though there may be names for a specific counterparty in both the gas and the power columns, the person ultimately responsible for contacting that customer regarding the password application and registration forms is the person in the PA column on the far right. Please remember when you are speaking to your customers to get all contact info possibly including contact name, phone and fax, e-mail, and address and send all this to Mary Griff Gray so that she can send them the PA and registration forms. Please call me at 5-3614 if you have any questions or come by my desk at 06541. Jennifer McQuade

Subject: "Restricted List".

Body: Neither EWS/RAC/EGF employees nor family members or others living in their household or financially dependent on the EWS/RAC/EGF employee may purchase or sell securities of any entity (or derivatives thereof) listed on the Restricted List for your or their personal or related accounts or recommend the purchase or sale of such securities to any person, except with the prior approval of the Compliance Department in consultation with the ENA Legal Department. In addition to the trading restrictions above, should you at any time possess non-public material information about any public company, you, your family members and anybody that is financially dependent on you, are restricted from trading in that issue, and you may not disclose the non-public material information to anyone that does not have a business need to know. With respect to investments in privately held companies, you are responsible for complying in all respects with the policy entitled "Conflicts of Interest, Investments, and Outside Business Interests of Officers and Employees" in the July, 2000 Enron Corp. Code of Ethics. Please consult the Compliance Department with any questions you may have regarding a potential investment in a privately-held company. Company Name Stock Symbol 3 TEC Energy Corp. TTEN Active Power ACPW Adrian Resources ADRRF Applied Terravision Systems, Inc. TER CanFibre Group Ltd. CFGL Carrizo Oil & Gas Inc. CRZO Catalytica Energy Systems, Inc. CESI Crown Energy CROE CyNet, Inc. CYNE Enserco Energy Service Company, Inc. ERC eSpeed, Inc. ESPD FuelCell Energy, Inc. FCEL Hanover Compressor Co. HC ICE Drilling Enterprises Inc. IDF Impact Energy IEY Industrial Holdings, Inc. IHII Kafus Environmental Industries, Inc. KS KCS Energy KCS Nakornthai Strip Mill Public Co Ltd NSM SET Paladin Resources PLC PLR LD Southwest Royalties SWROY Syntroleum Corp. SYNM Tejon Ranch Corp. TRC TransCoastal Marine Services, Inc. TCMS Verado VRDO The Restricted List is solely for the internal use of EWS/RAC/EGF. No one may engage in discussions regarding whether a security is or is not on the Restricted List with persons outside EWS/RAC/EGF without specific clearance from the Compliance Department in consultation with the ENA Legal Department. No employee of any Enron Business Unit may engage in the trading of any Position for the benefit of any party other than an Enron Business Unit (whether for their own account or for the account of any third party) where such Position relates to (i) any financial instrument, security, financial asset or liability which falls within such employee's responsibility at an Enron Business Unit, or (ii) any other commodity not covered by (i) included in any Commodity Group. Position shall mean, collectively, the risk components (including, but not limited to, price risk, basis risk, index risk, credit risk and liquidity risk) of all products (commodities, financial instruments, securities, equities, financial assets or liabilities) which have been authorized for trading in the Enron Corp. Risk Management Policy, any of the Enron Corp. Policies or approved for trading through any amendments to this Policy. The prohibitions listed above do not replace or modify the policies set forth in EWS's Policies and Procedures Regarding Confidential Information and Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s Code of Ethics . Should you have any questions regarding the above, please contact me at ext. 31939

Subject: "NADA".

Body:
The convention dates are now January 26-29, 2002. I'm sending you a new confirmation from the NADA for these dates. They are using some of the NFL money to refund 100% of the registration fees for the dealers and managers and 50% of the fees for the guests. Of course I registered everyone before September 11; otherwise I would have registered everyone as managers! I' m sure that's what everyone will do that registers now. Who said "the early bird gets the worm?" Dad