This is the content of an email: Attached is my preliminary description of financial products for trading in Brazil. I will speak with Antonio Felix on Thursday. Please let me know if you have comments. Thanks. Sara

Subject: Financial Products Review

This is the content of an email: Maria: I think that 2 minor chnages need to be made to the Enron Guaranty and probably the PSE&G Guaranty: 1. Change in the first paragraph "Enron North America Corp., a Delaware corporation to Enron North America Corp., a Delaware corporation and its successors and assigns 2. In the definition of "Agreement" include language that would pick up amendments, supplements, replacements and restatements thereof so its reads :"such ISDA Master Agreement, together with each Confirmation exchanged between the parties thereto and together with any and all amendments, supplements, replacements and restatements thereof, hereinafter the "Agreement") Let me know if you have a problem with this.

Subject: Enron Guaranty

This is the content of an email: Mark, Sara and Mary: Jim would like to talk to someone about problems he is having with his customers concerning the ISDA and CSA forms. Apparently, most of his customers feel that it is too complicated and Jim would like to see if any alternatives exist. Could someone please contact him? Thanks.

Subject: Pulp/Paper

This is the content of an email: David: Shari passed on to me their form of CA which I will review. We typiocally prefer to use our form but I can mark this one up if hat is what you wnat me to do. Please advise. Carol
Subject: CA with Risk Managemnt Solutions