Problem: BODY: <<MF April 23rd 2001.pdf>> Good Monday Morning - Comments From The Local Guys! At the end of 2000, a new Federal Insider-Trading Rule (Rule 10b5-1) was 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. We, the Local Guys would like our readers to know of this new rule change because of its significant advantages over the prior insider trading rules. 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. The 30-year US T-Bond yield is 5.72%. The 10-year yield is 5.18%. The 5-year is trading at 4.69%. Spot crude oil is trading at $27.81 p/b. Natural Gas - Henry Hub - is trading at $5.12 p/mcf. AD Time: The Local Guys! - Who We Are. - The partnership of Jordan Larimore and David Morris manages investments for individual and corporate clients. - We help investors achieve their personal and professional portfolio goals. - We manage individual portfolios.. - We use Outside Money Managers. - We utilize the top Mutual Fund Families. - We help with portfolio re-diversification - taking investors out of highly concentrated equity situations and rediversifying those dollars. - We also work on Corporate Stock Option Plans and 144 Restricted Stock issues. - We welcome hearing from you! Call us toll-free at 1-800-227-4537. Lehman's Research.
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A: SUBJECT: The Morning Market Call - Monday April 23rd, 2001.

Problem: BODY: As per our discussion, the first step was to identify the participants in the retention program. The next step is to build the business case for why these employees are critical and irreplaceable to your business unit. Please provided a brief rational for why these employees were selected. Additionally, if there is a unique situation or circumstance that makes your area more vulnerable, please included in an overall business summary. For example: if your unit has a limited number of people supporting a critical area necessary to maintaining or increasing the value of the estate or the liquidation of assets, include this in your business summary. Demonstrate why it would be difficult to train someone else to perform a similar function. You should also comment on why the employee was recommended for the Milestone Program. As you know this information is time sensitive, so please try and get it to me as soon as possible. I appreciate you taking time out of your busy schedule to meet with me on such short notice. Please call me (5x3662) if you have any questions. Regards,
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A: SUBJECT: Business Rationale for Retention

Problem: BODY: To all Energy Operations employees: ENA has experienced extraordinary growth thus far in 2000. I am especially proud of the accomplishments of Energy Operations in supporting this growth. I wanted to express my appreciation for all the hard work and dedication that you have demonstrated. We have done great work and I want to recognize you for that. Although we have done much, we have additional goals to accomplish within ENA and Energy Operations this year. Therefore, as we go forward, I want to make sure that you have all the necessary tools to do the best possible job, and that any barriers that may impede your work are removed. To help in this effort, I have asked a consulting organization -- S.J. Bashen
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A:
SUBJECT: Note from Sally