This is the content of an email: Please review and verify the attached spreadsheet. Make any corrections to employee info in RED on the spreadsheet As we will not hold a pre-ranking meeting, please provide a pre-rank of 1-5 (see attached rating descriptors) for each employee. COMMERCIAL: Commercial employees are identified by a C in the Peer Group column You should be prepared to represent these employees at the July 9 Commercial PRC meeting COMMERCIAL SUPPORT: Commercial Support employees are identified by a CS in the Peer Group column You should be prepared to represent these employees at the June 21 Commercial Support PRC meeting Non-exempt employees (Clerks/Adminstrative Assistants/Coordinators) will not participate in a PRC meeting. Your ranking on the spreadsheet 1-3 (see attached rating descriptors under Job Group Participation) will be the final ranking for these employees Note: If your employees used the PEP system to do a self-evaluation, it is important that you review the accomplishments section of the self-eval prior to attending a PRC meeting. This information will be available to display on the screen during the meeting. If you have any questions, call me at 5-3847. Please send the completed spreadsheet to me no later than MONDAY, JUNE 11.

Subject: Important PRC info-Read and Respond by Monday, June 11

This is the content of an email: A number of you have had a lot of concern about Deferred Compensation that Enron has ceased to pay as a result of the bankruptcy. Maybe we have some good news -- there is a "rumor" out today, in the event you have not heard, from a reliable source, that the Deferred Compensation creditors have moved up from 4th place to a little higher because of the amount of money involved. I have heard that Mike Moran has been placed on the "Creditors Committee." I believe that Mike Moran and Dan Ryser were working together. Part of the rumor indicates that the largest creditors -- primarily the banks -- may buy out the Deferred Compensation creditors "to avoid having to deal with them." That is about all that I have heard at this time, except that the "buyout" may not be 100%.

Subject: Deferred Compensation

This is the content of an email: Caroline: You should have already seen the two ISDA's (Valentis, CD Holdings) emailed yesterday evening per your instructions. I am still waiting for you to send information regarding inhouse/outside legal counsel for both parties. The Schedule and Paragraph 13 sent to Valentis et al is very much like the hedge fund template which legal is refining. We are reviewing the first draft and commenting. FYI - I will not be in the office on Friday, April 27. Also, the Enron legal conference is next week and the lawyers will be in San Antonio from May 2 (afternoon) through May 4. And finally, I will be on vacation during the week of May 7 - May 11. Please try to make plans (conference calls, counterparty comments, etc.) accordingly. Let me know if you have any questions. Thanks.

Subject: hedge funds

This is the content of an email: Attached, please find the emergency contact information for the RAC group. In the event of an emergecy, please use the list to contact the members of your group. It will be updated on a monthly basis and distributed by the 10th day of each month. Please keep this list at your home until the next update is received. Thank you
Subject: RAC Directory