Subject: "Hola".

Body: Steve, Hey, what's up my friend? I hear that business is well in Puerto Rico (although that was quite awhile ago so who knows). I'm assuming that you are, indeed, still there. I can't believe that I've just finished my fifth month with Enron. It's been great, though. Everything is new so I'm learning a ton. Working on a trading floor is quite a different environment than Pirnie. My desk is so small it reminds of Puerto Rico, although there are no bomb threats, the bell does not sound at lunch, and the number of holidays does not exceed the number of work days in the year. I've recently been accepted into a subprogram of the program I'm in to become a trader, so my next year is pretty much planned and eventually I'll start trading. Anyway... I was just thinking the other day that I miss my trips to the island (especially my accomodations at the Excelsior), and I can't help feeling a little shorted that I didn't get a follow-up event of the Reggae tour or diving trip. So I was wondering if maybe I should come down some weekend and make it right., you know put all of the planets back in alignment. So I was wondering if you might be able to put me up for a weekend and maybe do some diving or something. If not, then no big deal, there's about zillion places I'd like to visit in the next few months. Just drop me a note sometime and let me know what you think. Please say hello to Pat, Joanne and Juan Carlos for me. By the way, it was bittersweet to hear Barry left soon after I did. Had he done so sooner, I would have taken his spot! Anyway, wish everyone well and I'm curious to hear what's happening on the island these days. Take care, Mat

Subject: "Merrill Lynch International Bank ("MLB") assignment to Merrill Lynch International Bank Ltd. ("MLIB Ltd")".

Body: All: During the fourth quarter, 2000, MLB intends to transfer all FX business to MLIB Ltd. ENA and Enron Corp. have been asked to agree to this transfer with the result that any executed master agreement with MLB will be transferred to MLIB Ltd as principal. ENA has an ISDA Master Agreement dated effective 7/1/95; I cannot locate a master between Enron Corp. and MLB. Will someone in credit approve this transfer? Please let Stephanie Panus (X53249), our newest paralegal, know. Thanks. Sara

Subject: "Egan Storage".

Body: The Egan storage contract expires on August 31,200. This is an evergreen contract which will automatically renew for 12 months unless either party gives 90 day written notice to end the contract. I believe it will probably be one of you three looking at this. Which one of you is it? I left a copy of the contract on Susan's desk. Susan, you can toss this.

Subject: "6 more counterparties to move".

Body:
Please move the following six counterparties from NG-Price to Bankruptcy. Please move only financial deals. Please let me know when this is complete. We need to have it done by the time we calc our books today - no exceptions. Thanks for your help. TAGG Short Name: TRANSWEST VITOL S.A. DUKEFSVCMAR ENCOREACQCOM ENERGYUSA ENTERGYKOCTRA Thanks again.