"Chinese Wall" Classroom Training

Chinese Wall training of one hour has been scheduled on the dates listed=20
below. The training is mandatory and allows EWS to continue operating all=
=20
its businesses including equity trading without violating the securities la=
ws.

Please register for one of the four one-hour sessions listed below. Each=
=20
session is tailored to a particular commercial group, and it would be=20
preferable if you could attend the session for your group. (Your particula=
r=20
group is the one highlighted in bold on the list below.) =20

Monday, March 5, 2001, 10:00 a.m. =01) Resource Group
Monday, March 5, 2001, 11:00 a.m. =01) Origination/Business Development
Monday, March 5, 2001, 3:30 p.m. =01) Financial Trading Group
Monday, March 5, 2001, 4:30 p.m. =01) Heads of Trading Desks

Each of the above sessions will be held at the downtown Hyatt Regency Hotel=
=20
in Sandalwood Rooms A & B. Alternatively, two make-up sessions are schedul=
ed=20
for Tuesday, March 13, 2001 at 3:30 p.m. and 4:30 p.m. Location informatio=
n=20
for the make-up sessions will be announced later.

Please confirm your attendance at one of these sessions with Brenda Whitehe=
ad=20
by e-mailing her at brenda.whitehead@enron.com or calling her at extension=
=20
3-5438.

Mark Frevert and Mark Haedicke