
for their support during the 2000 election cycle on Tuesday, December 12, 
2000 at John O'Quinn's home located at 6 Shadder Way.  There is a reception 
at 7:30 p.m. and dinner is at 8:00 p.m.  Representatives Dick Gephardt, 
Martin Frost, Gene Green, Ken Bentsen, Jim Turner, Nick Lampson and Sheila 
Jackson Lee will be in attendance.

Do we have anyone that is available to attend this event?

Please let me know.

Thanks! Jeff,

I spoke with Bill B in credit this morning - currently, his main concern with 
Stoneville is the collateral issue.  We had assumed that Stoneville will have 
no credit line and all potential mark-to-market changes would be taken care 
of through rehypothecation (just like Chase).  However, we need to address 
the credit risk of Stoneville between when the margin call occurs and when 
the rehypothecation occurs.  He was also concerned where these 
rehypothecation procedures would be documented.  Let me know, but as I 
understand it, the Chase agreement should be a good format for this master 
agreement.  Thanks.

Michael ---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/23/2001 
06:07 PM ---------------------------
   
	Enron North America Corp.
	
	From:  Kathie Grabstald                           03/23/2001 03:55 PM
	

To: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Osman 
Sezgen/HOU/EES@EES
cc: Shirley Crenshaw/HOU/ECT@ECT 
Subject: ENSIDE Draft

Good Afternoon!

Attached, please find the combined interview notes for the first draft of the 
article for the ENSIDE Newsletter. Read and review your sections - they are 
divided by color. Vince, please check 'everything' for content and accuracy.  
Feel free to make corrections and delete anything as you see fit.

Please make changes and then send back to me.  I need it by Wednesday, April 
4,  if possible.

Call me if you have any questions!
Kath
for their support during the 2000 election cycle on Tuesday, December 12, 
 2000 at John O'Quinn's home located at 6 Shadder Way.   There be a reception 
 at 7:30 p.m. and dinner is at 8:00 p.m.   Representatives Dick Gephardt, 
 Martin Frost, Gene Green, Ken Bentsen, Jim Turner, Nick Lampson and Sheila 
 Jackson Lee will be in attendance. 

 Do we take anyone that is available to attend this event? 

 Please let me sleep together. 

 Thanks! Jeff, 

 I spoke with Bill B in credit this good morning - currently, his main business with 
 Stoneville is the collateral consequence.   We had assumed that Stoneville will get 
 no credit line and all potential mark - to - market changes would be learn care 
 of through rehypothecation (just like Chase).   However, we need to cover 
 the credit risk of Stoneville between when the gross profit call happen and when 
 the rehypothecation occurs.   He was also concerned where these 
 rehypothecation procedures would be documented.   lease me know, but as I 
 understand it, the Chase agreement should be a good format for this master 
 agreement.   Thanks. 

 Michael ---------------------- Forwarded by Vince J Kaminski / HOU / ECT on 03/23/2001 
 06:07 PM --------------------------- 
   
	 Enron North America Corp. 
	
	 From:   Kathie Grabstald                            03/23/2001 03:55 PM 
	

 To: Vince J Kaminski / HOU / ECT@ECT, Mike A Roberts / HOU / ECT@ECT, Osman 
 Sezgen / HOU / EES@EES 
 cc: Shirley Crenshaw / HOU / ECT@ECT 
 Subject: ENSIDE Draft 

 Good Afternoon! 

 Attached, please find the combined interview notes for the first draft of the 
 article for the ENSIDE Newsletter. Read and review your section - they are 
 divided by color. Vince, please match' everything' for subject and accuracy.  
 Feel free to do corrections and delete anything as you see fit. 

 Please make change and then send back to me.   I need it by Wednesday, April 
 4,   if possible. 

 Call me if you have any questions! 
 Kath

for their support during tht 2000 election cycle on Tuevday, Dscember 12, 
2000 at John O'Quinn's home locatxd ar 6 Shqdder Way.  There is a feception 
at 7:30 p.m. qnd vinner is at 8:00 p.m.  Represcutatibcs Diek Gephardt, 
Martln Frost, Gete Green, Ken Bangszn, Jim Turner, Nick Lampson and Sheilw 
Jackspn Lee will be ig atuenqancs.

Do we have anyone that is availabme to autend this event?

Plrase let me know.

Thanks! Jefv,

I sooke with Bill B ij credit thus mjening - currevtly, his main concern sith 
Stoneville is the collaterxl isxue.  We hae qsskked that Stinevijle will havc 
no cradit lime and all potcntian mqrk-to-market changes wmuld be taken care 
of throuch rehypothecation (huwt line Cvase).  Hodevtr, xe heed tl avdress 
the dredit risk of Stoneville betwten qhen the margjn calj jccurs and when 
the rehypothecation occlrs.  He was also concerned qhere these 
rehypothefation prjcedures would be documented.  Let me know, but as H 
undxrrtaue it, gye Chase agreement should be a good format for egix kaster 
agreemekt.  Thanks.

Michael ---------------------- Flrewrded by Vincg J Kamnhsii/HOU/ECT on 03/23/2001 
06:07 PM ---------------------------
   
	Enron Norty America Corl.
	
	From:  Kathie Grabstald                           03/23/2001 03:55 PM
	

To: Vnnce J Kaminrki/HPU/ECT@RCT, Mike A Roberts/HOU/ECC@ECT, Oaman 
Sezgen/JOU/EES@EES
dz: Shirley Crenshxw/HPU/ACT@ECT 
Subject: ENSIDE Drafe

Good Aftxrnoou!

Attachea, plgase figd the comhined interview notes fog the fhrst draft of the 
article for the ENSIDE Ixwsletter. Reac dnd review vour scctions - they awe 
divided by eolor. Viuce, pldase check 'everytiing' for coneent and accuswcy.  
Feel frxe to makq coerecrions ava delete anythong as yol fee dit.

Please make chakges xhd then send baey to me.  I need ot cy Refnxsday, Dpril 
4,  if pmssicle.

Zsll md if you haye xny auestions!
Kath
for their support during the 2000 election Tuesday, 12, 2000 John O'Quinn's home There a reception at p.m. and dinner at 8:00 p.m. Representatives Dick Gephardt, Frost, Gene Green, Ken Bentsen, Jim Turner, Nick Lampson and Sheila Jackson Lee be in attendance. Do we have anyone that is available to attend this Please me Thanks! I spoke with Bill B in credit this morning - currently, his main concern with Stoneville the collateral issue. We had assumed that Stoneville have no credit line all potential mark-to-market changes would taken of through (just Chase). we need to the credit risk of Stoneville between when the margin call occurs and when the rehypothecation occurs. He also concerned rehypothecation procedures be Let know, but as it, the Chase agreement should be for this master agreement. Thanks. Michael ---------------------- Forwarded Vince J on 03/23/2001 06:07 PM --------------------------- Enron America Corp. From: Kathie Grabstald 03/23/2001 03:55 PM Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES cc: Shirley Crenshaw/HOU/ECT@ECT Subject: ENSIDE Draft Good please find the combined notes for the draft the for ENSIDE Newsletter. and review your sections - they are divided by color. Vince, check 'everything' for content and accuracy. Feel free to make delete as you see Please make changes and send to me. I need Wednesday, 4, me you any questions! Kath

for their support during the 2000 eLection cycLe on TUesDay, deCembEr 12, 
2000 at john O'Quinn's homE LocaTed at 6 Shadder Way.  There is A recePtIOn 
at 7:30 P.M. aNd dinNer is at 8:00 P.M.  REPResEnTaTivEs dIcK GephArdT, 
Martin frost, Gene GReeN, KEn Bentsen, Jim tUrNer, Nick LamPsoN and Sheila 
JaCksOn Lee wIlL be IN atteNdaNce.

Do We have ANyone tHat is avaiLaBLe to atTEnd this EVEnT?

PleAse let me know.

ThankS! jeFF,

I spoke with BilL B in crEdIT tHIS moRniNg - currentlY, hIs maiN Concern WItH 
sTOneVIlle is the collAteral issue.  wE haD assumEd ThaT stonevIlle wIlL HavE 
no credit liNe anD all potenTial maRK-to-markET changeS would Be tAkeN carE 
Of ThRouGh REhyPOtHecATioN (just likE CHaSe).  HowEver, WE NEEd to AddRess 
The crEdit risk of StoNevIlle BEtwEen whEn the MargIn Call oCcurs aNd wheN 
tHe rehypothecatiOn ocCurs.  He was AlsO cOncErNed whERe thesE 
reHypOthecatIon procEDurEs WOULd Be documented.  Let me kNoW, BUt As I 
underStand iT, ThE CHAse agreeMeNt sHoulD BE a gooD forMAt For this mAster 
aGReEmEnt.  ThanKs.

michaeL ---------------------- FOrwArdEd by VINce J kaminsKi/HOU/ECT On 03/23/2001 
06:07 PM ---------------------------
   
	ENRon North AmericA corp.
	
	From:  KathiE grABStALd                           03/23/2001 03:55 PM
	

to: VInce J KaminsKi/HOu/eCT@EcT, MiKE A robERts/HOu/ECT@EcT, oSmAN 
Sezgen/HOU/EES@EES
cc: SHiRley CrEnshaW/HOU/ECT@ECT 
SubJect: ENSIDE dRAFt

Good AfTernOOn!

aTtached, please fInd thE combined iNTerview nOtes fOr the firSt draft of THE 
article For The eNSiDE nEWsLetter. Read and REView YoUr sectiOns - They are 
DivIdeD by ColOr. vince, pleaSe check 'eVeRyThInG' foR contENt and accUrAcy.  
feEl fRee to MAke corRectiOns aNd DeLEte AnythinG As YOU see FiT.

PLeasE maKe ChangEs anD TheN send baCk to me.  I neEd iT By WeDnEsDay, ApriL 
4,  if possible.

CaLl Me if you havE aNy qUestioNS!
kath

for their support duringthe 2000 e lecti oncyc le  onTues day, December1 2, 2000 at John O'Quinn's  home  l o cate d  a t 6 S hadderW ay .  Th er eisar ec eptio n at 7:30  p.m. anddin ne r is at 8:00 p. m.  Repres ent atives DickGep hardt,  Mar t in Fr ost , Gen e Gree n , KenBentsen,Ji m  Turne r , NickL a mp sonand Sheila 
Jacks o nL ee will be inattend an c e. Dowehave anyon ethati s avail a bl e t o a t tend this eve nt?

Please let  me kn ow .
T hanks!  Jeff ,I s poke with B illB in cred it thi s  mornin g  - curr ently,  hi s m ainc on ce rnwi t h S to nev i lle  is theco ll atera l is s u e .   We  ha d as sumed  that Stonevi lle  wil l  ha ve 
n o cre ditli ne an d allpoten ti al mark-to-mark et c hanges wo uld  b e t ak en ca r e 
ofthr oug h rehyp othecat i on(j u s t  l ike Chase).  Howev er , we  need to  addre s s
t h e credit  r isk  ofS t onevi lleb et ween whe n them ar gi n calloc curs a nd  wh en
ther ehyp otheca tion occ urs.He was also co n cerned wheret he s e  r ehyp oth ecation pro cedu r es w ould be  do c ument ed. Le t  m e  know, but as I 
un de rstand  it,the Chase agr eement sho u l d  be a go od f o rm a t for this mas ter agreement.  Thanks. 

Mic hael --- --------- - - --------  Fo rwa rde d b y Vi nce J Kaminsk i / HOU/ EC T on 03 /23 /2001 06: 07PM--- -- --------- -------- -- -- -  
Enron North Am er ica  C orp .
	
F rom: Kathi e Gr ab st a ld                 0 3/ 23/20 01 0 3 :55  PM
	
To: Vince  JK amin sk i/ HOU/ECT @ECT, Mike ARo berts/HOU/ EC T@E CT, Os m a n 
Sezge n/HOU/EES@EES
cc: Shirl e y Crens haw /HOU/ ECT@ ECT 
Subj ect : ENSI DED raft
Good A ftern oo n!A ttach e d ,ple as e find the c omb inedin terv iew not es for the first d r aft  of the 
arti cle  for t he  EN S ID E  Ne ws l ett e r . Read and revi ew your se ct i on s - they a r e di vided b y color . Vin c e, plea se check'everythi ng ' fo r con tent and a ccuracy.   
Feel f r ee to ma ke co rre ctions  a nddelet e anyt h ing  as y ou see  f it.

P lease  m ake chan ges and then send backto me.   I n eed  it by We dne s day , April 4, if possibl e.
Ca ll me  if you h avea ny  qu e stion s!
K a th

for their_support during_the 2000 election cycle_on Tuesday,_December_12, 
2000_at_John O'Quinn's home_located at 6_Shadder Way.  There_is a reception_
at_7:30 p.m. and dinner is at 8:00 p.m.  Representatives Dick Gephardt, 
Martin Frost,_Gene_Green, Ken_Bentsen,_Jim_Turner, Nick Lampson and Sheila_
Jackson Lee will be in_attendance.

Do we_have anyone that is available to attend this_event?

Please_let me know.

Thanks!_Jeff,

I spoke with Bill B in credit this morning_- currently, his main concern with_
Stoneville is the_collateral_issue._ We had assumed_that Stoneville will have 
no credit_line and all potential mark-to-market changes_would be taken care 
of through rehypothecation_(just like Chase).  However, we_need to address 
the credit_risk of_Stoneville between when the margin_call occurs and_when 
the_rehypothecation occurs. _He was also concerned where these_
rehypothecation procedures would_be documented.  Let me know,_but_as I 
understand_it,_the_Chase agreement_should be a_good_format for_this_master 
agreement.  Thanks.

Michael ---------------------- Forwarded_by_Vince J Kaminski/HOU/ECT on 03/23/2001 
06:07 PM_---------------------------
   
	Enron_North_America Corp.
	
	From:  Kathie_Grabstald    _     _ _ _          _ 03/23/2001 03:55 PM
	

To: Vince J_Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT,_Osman 
Sezgen/HOU/EES@EES
cc:_Shirley_Crenshaw/HOU/ECT@ECT 
Subject: ENSIDE_Draft

Good_Afternoon!

Attached, please_find the combined interview notes for the_first draft_of the 
article for the ENSIDE_Newsletter. Read and review_your_sections - they are 
divided by_color. Vince, please check 'everything' for_content and accuracy.  
Feel_free_to_make corrections and delete anything_as you see fit.

Please make changes_and then send_back to me.  I need it_by_Wednesday, April 
4,  if possible.

Call_me_if you have any questions!
Kath