IN: <<MF June 4th 2001>> Good Monday Morning - Comments From The Local Guys! Lehman Brothers' U.S. Equity Strategist, Jeff Applegate, believes that the stock market is "climbing a wall of worry". In his weekly comments, Jeff believes that investors are jittery about the fragility of the stock market rally, concerned about corporate profits and the economic outlook as well as possible inflation. However, Jeff believes that the earnings trough is imminent and that stronger GDP growth lies ahead. His bottom line is that the equity rally over the last couple of months has a "firm footing" and should continue. The 30-year US T-Bond yield is 5.67%. The 10-year note yield is 5.32 The 5-year is trading at 4.89%. Spot crude oil is trading at $28.25 p/b. Natural Gas - Henry Hub - is trading at $4.06 p/mcf. AD Time: New Federal Insider-Trading Rule (Rule 10b5-1) have been adopted by the SEC under the Securities Exchange Act of 1934. This rule greatly enhances an insider's/employee's ability to trade his/her corporate shares during blackout periods. Previously, without the protection of this new SEC rule, employees and insiders could safely trade only outside of designated blackout windows. Under this new rule, insiders/employees may have the ability to purchase and sell their corporate shares even during blackout periods if a written plan was established and in force when the insider/employee was not in possession of material, non-public information. The new rule contains other restrictions and should be reviewed carefully. Lehman Brothers has established a turn-key plan that take into account the regulatory procedures for establishing such a plan. Please email us or call us for more information. Lehman Brothers' Research.

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OUT: The Morning Market Call - Monday June 4th, 2001.

IN: - Subject: Cute story Anyone who's been single and over the age of 18 can relate to this. When I was younger I hated going to weddings ...it seemed that all of my aunts and the grandmotherly types used to come up to me, poking me in the ribs and cackling, telling me, 'You're next.' ? They stopped that crap after I started doing the same thing to them at funerals.

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OUT: fwd

IN: market_relations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List: Dear Market Participants ******************Reminder Notice*********************************** Note: The following change was originally scheduled for October 17, 2001. On October 31, 2001, the NYISO web servers will be upgraded. This will require both software and hardware changes. While these changes will be transparent to the users, these changes will require that the MIS system be unavailable for approximately 60 minutes. The outage will begin at approximately 11:35 AM. Market Participants planning on submitting HAM transactions or modifying Day Ahead bids should act accordingly. The NYISO will minimize the duration of the outage as much as possible as we recognize the inconvenience caused by system outages. Ultimately, these changes will result in a more stable environment and provide enhanced services that the current web servers are unable to perform.

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OUT: NYISO - MIS Outage - October 31, 2001 - Reminder Notice

IN: Hi Matt, You may have given this to me before, but I need a copy of the corporate data sheets. Also, is there a standard slate of officers for ENA? FYI, this company is jointly owned with another company. Kay

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OUT:
MEH