IN: ...and I was only 30 seconds late for my Parent - Teacher Conference. Great driving performance by Bob Litterman (yesterday's carpool driver). Marriage still in tact for another day (and another Enron adventure). Thanks again

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OUT: Thank you one and all for making the Fed Wire deadline...

IN: Effective immediately, all questions from the confirmation desk to legal should be routed to a designated paralegal on a quarterly basis (with the exception of the very first rotation) as follows: Susan Bailey - X34737 September 1, 1999 - December 31, 1999 Susan Flynn - X30975 January 1, 2000 - March 31, 2000 Marie Heard - X33907 April 1, 2000 - June 30, 2000 You will be advised of subsequent rotations. Please do NOT route calls to Tana Jones who will be spending most of her time working on special projects for our group. This procedure should not affect any existing arrangements you may have with a particular attorney. Please contact me if you have any questions. Sara

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OUT: Rotation of Confirmation Desk Calls

IN: I will be out of the office on Monday and Tuesday of next week. In my absence, Samantha Boyd, a new paralegal in our Group, will forward the Counterparty Approval Lists to you once she receives them from Credit. Please return any responses you might have to me. Thanks!

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OUT: Counterparty Approval Lists

IN: Clem: I know that you sent Sheila Glover a form of ENE guaranty a few weeks ago. Sheila forwarded it to Bear and we received Bear's form which is unacceptable. However, if ENE has outstanding guaranties in favor of Bear, I would need to know since we may be able to use a previously negotiated form. Can you let me know if ENE has ever issued such a guaranty? Thanks. SS

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OUT:
Bear Stearns Companies, Inc. and all affiliates ("Bear")