IN: This is an email
=20 Attached are 2 documents describing the reorganization of the west trading = desk. I have assigned new books to all of the traders except Phillip. We a= re currently moving the August physical trades into the new books and plan = to be finished tomorrow. You will continue to use your existing financial b= ooks through July 31st. All August physical deals done during bid week sho= uld flow into the new physical books and the old financial books. Your fi= nancial trades will move on the night of July 1st after we calc. Starting = August 1st, you will have your positions in your new financial and physical= books. Russ is working on adding the new books to the West Intramonth Pos= ition Portfolio in Sitara. You should be able to see your physical positio= ns for August in the new books as soon as we get all of the deals moved (to= morrow evening at the latest). The positions will be close in the morning,= we just need to verify that we have not missed any deals and move all of t= he intra-desk deals. Please let me know if you have any questions or conce= rns. Thanks=20

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OUT: New Book Names

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Hey there! Saw your brother again last night. Where were you? I think I have given up on Taco Milagro. Very nasty crowd that hangs out there now. I say that every week..but it's just so close to my place that it makes it easy to hang out there and then not have far to drive home! Anyway, sometimes your brother acknowledges me and sometimes he doesn't. Maybe he didn't see me. What are you up to this weekend?

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OUT: Hey

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Dear Louise, I hope everything is well at your end. Given the fact that UBS seems be the buyer of the Enron trading part in the US I was wondering if you think it is worthwhile to think about (or discuss) an extension to Europe (or the Netherlands in particular). I am currently still employed by Enron although we are currently in the process of closing down the Enron Amsterdam office (I therefore attached my private contact details). Best regards,

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OUT:
Enron Netherlands