Q: please save, run spell check, and print for my review. I think that Robert Jones or Oxley will have to sign it instead of me, since I am not an officer. Thanks. MHCC
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A: ELT IPT Letter

Q: This is just to let everyone who is using the New Curve Manager in Enpower: The Curve Manager is having a problem in Terminal Server 2. (NAHOU-TRDTS2) The problem is currently being diagnosed by both the Enpower Team and Terminal Server Team in Houston. As Soon as it is fixed, I will let everyone know. For now you can use any other terminal server session (i.e. TRDTS1, or TRDTS03 - TRDTS5) for running the Curve Manager. Michael Tully Application Support, Portland (503)464-7790 Desk (503)807-7862 michael.tully@enron.com
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A: Curve Manager

Q: ENA received a letter 10/30/01 stating that Man would begin margining on a risk-weighted basis rather than using the NYMEX SPAN calculation. This is prohibited under our futures agreement. Man has not formally called for additional margin (which they have the right to do) but rather is withholding about $25M based upon a misunderstanding between traders about moving option positions (I'm not entirely clear about the circumstances). Man has never claimed that the $25M was "additional margin". ENA faxed a letter this morning to Man demanding the return of margin in excess of the SPAN calculation, basically a response to the letter. ENA acounting does not have the software to execute SPAN calculations. A recommendation to purchase the software was made by Sarah Wesner (who then reported to Joe Deffner) to accounting last year. I understand that John Arnold intends to move most positions (including options) from Man to Paribas. However, this information changes frequently. Joe Deffner signed the letter and a copy was delivered to Louise Kitchen. Let me know if you need further information.
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A: Man Financial: margin calculation

Q: I will be passing an envelop to collect a small monetary token of appreciation for Kimberly and Alex for Administrative Assistants' week. Please give if you are able and in an amount that you feel is appropriate. thanks,
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A:
Administrative Assistants' Week