Risk Memo re Encorp Series D investment

No need to do a risk memo if the legal risk rating would be a 1. Is that
what this one would be? Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 02/21/2001 01:49 PM -----

Eddy Daniels@ENRON
02/15/2001 04:17 PM

To: Mark E Haedicke/HOU/ECT@ECT, Charles Vetters/HOU/ECT@ECT, Kyle
Kettler/HOU/ECT@ECT, John J Lavorato/Enron@EnronXGate, Michael L
Miller/NA/Enron@Enron
cc: Lance Schuler-Legal/HOU/ECT@ECT
Subject: Risk Memo re Encorp Series D investment

Please find attached a legal risk memorandum re the Encorp investment for
your review.

Regards,
Eddy Daniels