Subject: "Internet Trading Consultants".

Body: FYI: One of our legal consultants has mentioned that another of his clients is setting up an internet derivatives trading system. They are using an outfit called Intuitive Products International based in New York and London to assist with system design. Tana Jones (x33399) will be setting up a demo by these folks with our legal department needs in mind - if you'd like to attend, we'd be happy to have you and ask them to expand their presentation to include internet trading.

Subject: "SWGas Proposal".

Body: Lee and Bill, please find attached two SW Gas Proposals from Kim Watson. Please review for possible signing by Steve Harris on today. Kim is on vacation but would like for these letters to go out today. Again, please review and let me know if there are any changes as soon as possible. Thanks in advance,

Subject: "Independent Production & Kennedy Oil".

Body: Good Afternoon, The following two counterparties are requesting a netting agreement with ENA: Kennedy Oil, and Independent Production Company, Inc. The netting agreement should cover physical sales and purchases, and MTM. These are both standard netting agreements, not master netting. Both companies sell us gas under a first purchaser agreement and / or GTC's, and will begin buying back gas. For Independent the contract # is 96023736, and for Kennedy 96052164. I have contact names and phone numbers if you need them. Give me a call with any questions. Thanks,

Subject: "RUSH APPR0VAL-Salomon Smith Barney AAA Energy Fund".

Body:
John Arnold wants this counterparty opened ASAP for financial. We didn't have any financial statements from them when they originally came thru, so we couldn't determine their ESP status, but we're OK now, so if you could open them for financial ASAP. Thanks.