December 13 Update

Thanks, John. If I'm in when the conference call (subsequent to the internal
Fedex meeting) is held, I'd like to join you. Either way, look forward to
staying in the loop.

Appreciate it.

Sarah-Joy

---------------------- Forwarded by Sarah-Joy Hunter/NA/Enron on 12/14/2000
07:13 AM ---------------------------
From: John Will on 12/14/2000 07:11 AM
To: Sarah-Joy Hunter/NA/Enron@Enron
cc:

Subject: December 13 Update - Enron

fyi
jw

----- Forwarded by John Will/NA/Enron on 12/14/2000 07:10 AM -----

Carmen Perez <carmen.perez@fedex.com<
12/13/2000 07:44 PM

To: john.will@enron.com
cc: clint.beard@fedex.com
Subject: December 13 Update - Enron

As of today, Richard Roberts, FedEx Senior Attorney, notified me of the
following:

Billy Mike Golden, Managing Director of Field Facility Management,
received a call from John Patillo. Mr. Golden was in the process of
returning his call at approximately 2:15 p.m. Depending on what the
two discussed will determine if FedEx needs to hold a conference call to
discuss this further.

If a conference call is needed, it will occur as soon as possible. The
attendees will be FedEx employees. They are as follows:

Carmen Perez, Corporate Account Executive
Billy M. Golden
Gary Stoops, Managing Director of Supply Chain Management
Richard Roberts

After FedEx holds the conference call, it will be determined if FedEx
commercial and legal needs to meet with Enron commercial and legal.

I understand if resolution does not take place prior to December 31,
2000 FedEx may not be Enron's carrier.

Regards,

Carmen Perez