RE: Incentive Plan

I've received advice from Vinson & Elkins on this, which I will send your way. It looks like we can. MHC

-----Original Message-----
From: Walton, Sheila
Sent: Thursday, July 12, 2001 6:42 PM
To: Knudsen, Sheila A.
Cc: Cash, Michelle
Subject: RE: Incentive Plan

I was going to ask Michelle Cash to take a look at it to see if we could dissolve it. Pam Butler does not want Garland to know we had a carried interest plan.

Michelle, since you initially were involved, can we quietly dissolve this plan since EIP is no more?? Please advise. Thanks.

Sheila Walton

-----Original Message-----
From: Knudsen, Sheila A.
Sent: Thursday, July 12, 2001 5:38 PM
To: Walton, Sheila
Subject: Incentive Plan

Sheila - with the merging of EIP into Enron Principal Investments we need to discuss what happens with the incentive plan we developed for them last year.

Sheila