IN: The information contained herein is based on sources that we believe to be reliable, but we do not represent that it is accurate or complete. Nothing contained herein should be considered as an offer to sell or a solicitation of an offer to buy any financial instruments discussed herein. Any opinions expressed herein are solely those of the author. As such, they may differ in material respects from those of, or expressed or published by on behalf of Carr Futures or its officers, directors, employees or affiliates. ? 2001 Carr Futures The charts are now in the most recent version of Adobe Acrobat 4.0 and they should print clearly from Adobe Acrobat Reader 3.0 or higher. Adobe Acrobat Reader 4.0 may be downloaded for FREE from www.adobe.com. (See attached file: API.pdf)(See attached file: TotalGasolineStocks.pdf) (See attached file: Padd I Gasoline Stocks.pdf)(See attached file: Padd II Crude Stocks.pdf)(See attached file: TotalCrudeStocks.pdf)(See attached file: TotalDistillateStocks.pdf)(See attached file: Padd I Distillate Stocks.pdf) - API.pdf - TotalGasolineStocks.pdf - Padd I Gasoline Stocks.pdf - Padd II Crude Stocks.pdf - TotalCrudeStocks.pdf - TotalDistillateStocks.pdf - Padd I Distillate Stocks.pdf

Generate a subject line.

OUT: API 2/5

IN: A woman named Janette Bertel at McLaren Energy just left a message for Genia who had just sent them a power master, that they also want to get an ISDA Master in place with us. The woman's phone no is 819/986-4616. If you could send up some credit for this, we'd appreciate it!

Generate a subject line.

OUT: McClaren Energy

IN: I have a bunch of NDA's coming thru, so I thought I'd send you an email: 1. Leslie drafted an NDA yesteeday with Proxicom, Inc. - I don't know if she ran it by you... 2. Ariba, Inc. 3. Commerce One, Inc. 4. Exodus Communications, Inc. 5. Financial Settlement Matrix 6. Interliant, Inc. 7. Inwarehouse.com 8. Oracle Corporation 11. Sabre Corporation

Generate a subject line.

OUT: NDA's

IN: This analysis was another swag at p&l components. We took the numbers from the daily position reports, backed out the big originations that we new about (e.g. peakers sales) and the other "mistakes" (e.g. the EES $700MM loss), then took out the curve-shift P&L from the backtest data, the balance we said must be some form of "new deal" P&L plus realised p&l etc. It shows that 2000 was the prop trading year, whereas 2001 was mainly new deals. Of course the whole thing is poisoned by reserve movements.

Generate a subject line.

OUT:
P/L Breakout