Re:

Thanks. This is exactly what I wanted.
John

Enron North America Corp.

From: Sunil Dalal @ ENRON 09/20/2000 04:05 PM

To: John Arnold/HOU/ECT@ECT
cc: Frank Hayden/Corp/Enron@Enron
Subject: Re:

John, the matrix that was sent to you includes YTD P&L for all the traders in
the matrix. Trader P&L contribution to desk P&L, however, was not backed out
on that particular matrix. That matrix effectively shows one trader's
correlation to all others. What is does not show is one trader's P&L to the
desk P&L. I have included a spreadsheet with each trader's P&L backed out of
AGG-GAS P&L to demonstrate their relationship. Please call Frank or myself
if you have questions. Thanks.

From: Frank Hayden 09/19/2000 06:42 PM

To: Sunil Dalal/Corp/Enron@ENRON
cc:

Subject: Re:

questions and answers?
---------------------- Forwarded by Frank Hayden/Corp/Enron on 09/19/2000
06:42 PM ---------------------------

John Arnold@ECT
09/19/2000 05:33 PM
To: Frank Hayden/Corp/Enron@ENRON
cc:

Subject: Re:

Thx for the spreadsheet. 2 questions : What time frame does this entail and
does the correlation between the trader and AGG GAS include that trader's
contribution to the floor's P&L. In other words, is my P&L correlated with
the floor or is it correlated to the rest of the floor absent me?

Enron North America Corp.

From: Frank Hayden @ ENRON 09/19/2000 02:41 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: