Subject: "New Power Products".

Body: New Power Products on ICE!! On Friday, October 26 IntercontinentalExchange will launch Hourly Power as = well as 2nd, 3rd, 4th Week strips. The Hourly Power will be offered for al= l the West Power hubs and for PJM in the East. These new markets will have= to be manually added to portfolios. The 2nd, 3rd, 4th Week strips will be= available for all Power hubs currently available on the Exchange and will = be automatically added to portfolios containing the Next Day strip for a pa= rticular hub. Credit must be set under the Financial Power credit filter for the PJM Hour= ly and under the Power credit filter for the West Hourly markets. Hourly P= ower markets can be arranged in chronological order in the Portfolio Editor= window. Please call your ICE representative if assistance is needed.

Subject: "Your questions".

Body: Sara, 1) You can contribute a max. of 11K to your 401(k) in 2002. 2) Accruals to the cash balance plan is made monthly. Has Khymberly Booth contacted you? If not, you can call her at 5-2532. Thanks,

Subject: "Internal meeting re: GE issues".

Body: How about 10:00am on Thursday to discuss GE and how to end world hunger? Please let me know if this works for you, and I'll get us a conference room. Nominations for other participants would be welcome. Thanks,

Subject: "Happy New Year - No Y2K Fear!".

Body:
We are wrapping up several hours in the office and have tested all commodities front to back. We found a few minor issues, primarily reports with report dates that were incorrect. The content and underlying calculations in the reports were correct. These were really just query and formatting issues. All were quick fixes of five minutes or less. So at this point we feel confident about our system situation. More will unfold with counterparties next week, but hopefully all found this as uneventful as have we. Hope your new year's celebration was fun. We saw pictures of the London festivies on TV as we were cooking our New Year's eve dinner last night at home. See you soon.