Subject: "Organizational Announcement".

Body: It is with regret that I have to announce that Jeff Skilling is leaving Enron. Today, the Board of Directors accepted his resignation as President and CEO of Enron. Jeff is resigning for personal reasons and his decision is voluntary. I regret his decision, but I accept and understand it. I have worked closely with Jeff for more than 15 years, including 11 here at Enron, and have had few, if any, professional relationships that I value more. I am pleased to say that he has agreed to enter into a consulting arrangement with the company to advise me and the Board of Directors. Now it's time to look forward. With Jeff leaving, the Board has asked me to resume the responsibilities of President and CEO in addition to my role as Chairman of the Board. I have agreed. I want to assure you that I have never felt better about the prospects for the company. All of you know that our stock price has suffered substantially over the last few months. One of my top priorities will be to restore a significant amount of the stock value we have lost as soon as possible. Our performance has never been stronger; our business model has never been more robust; our growth has never been more certain; and most importantly, we have never had a better nor deeper pool of talent throughout the company. We have the finest organization in American business today. Together, we will make Enron the world's leading company. On Thursday at 10:00 a.m. Houston time, we will hold an all employee meeting at the Hyatt. We will broadcast the meeting to our employees around the world where technically available, and I look forward to seeing many of you there.

Subject: "Volunteer".

Body: I need a volunteer. The "Vol" will be responsible for pricing all of The New Power deals in the market area. 99% of this activity takes place on CGAS. Who wants it? Certain people have expressed an interest in learning more about pricing, Tricia Spence, Joe Casas, and Beverly Beaty. I estimate it will take about 15 minites a day during the month, and about 4-6 hours during bidweek. I also believe this deal will go away effective 4/1/2001. Pros Will learn the concept of a physical bookout - will become a Sitara pricing guru like myself. Will learn a great deal about transport pricing. May lead into executing capacity on CGLK and CGAS - I will not turn this over until I am satisfied with the Vol's performance on pricing. Can easily be done after the work day crunch (this may be a pro or a con) Will learn more about the pricing curves and how physical deals impact the desk P&L. Cons Somewhat tedious - not as bad as it used to be. May have to anwser Dick Jenkins questions. I will have to assign this to Scott or Vickie if I don't get a volunteer. I will do the training - possibly in the evening or on the weekend, AND I'm very detail oriented. I will provide feedback on this persons progress and I take this part of the job very serious.

Subject: "JM Huber".

Body: Has this agreement been executed? If so, I need a copy of the original and one original should be sent to the file room. Thanks!

Subject: "Meeting".

Body:
Louise and John, Thank you for having the meeting with all Gas and Power origination this morning. I was very impressed by the employee attendance and your responses to individuals' concerns. I would recommend having periodic meetings in the future. My only disappointment was the most of my questions should have been articulated by my employees because they were concerns and queries articulated to me these past few days. I have appropriately chided them and will chalk it up to stage fright. Regards, Mrha