Raptor Position Reports for 12/28/00

Attached are the latest available Daily Position Report files for the 4
Raptor vehicles which include spreadsheets detailing what is hedged within
each vehicle. One thing that I forgot to mention in our meeting yesterday is
that there is considerable indecision as to whether or not Raptor 4 will be
included in the cross-guarantees, so we will need to have a value with or
without Raptor 4. I will send a follow-up e-mail with the latest drafts
available for the cross guarantees. Let me know as questions arise. Thanks
again.
Ron

----- Forwarded by Ron Baker/Corp/Enron on 01/03/2001 09:25 AM -----

Gordon McKillop
12/29/2000 12:26 PM

To: Ben F Glisan/HOU/ECT@ECT, Andrew S Fastow/HOU/ECT@ECT, Richard
Causey/Corp/Enron@ENRON, Rick Buy/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT
cc: Barry Schnapper/Corp/Enron@Enron, Andrea V Reed/HOU/ECT@ECT, Ryan
Siurek/Corp/Enron@ENRON, Kevin D Jordan/Corp/Enron@ENRON, Michael
Kopper/HOU/ECT@ECT, Chris Loehr/HOU/ECT@ECT, Anne Yaeger/HOU/ECT@ECT, Rodney
Faldyn/Corp/Enron@Enron, Ron Baker/Corp/Enron@ENRON,
amy.flores@ljminvestments.com, L'Sheryl Hudson/HOU/ECT@ECT, Wes
Colwell/HOU/ECT@ECT, Kevin Howard/Enron Communications@Enron Communications,
David Port/Market Risk/Corp/Enron@ENRON, Jordan Mintz/HOU/ECT@ECT, Maria
LeBeau/HOU/ECT@ECT, Michael S Galvan/HOU/ECT@ECT, David Maxwell/HOU/ECT@ECT,
Susie Ayala/HOU/ECT@ECT, Hope Vargas/HOU/ECT@ECT, Bob Butts/GPGFIN/Enron@ENRON
Subject: Raptor Position Reports for 12/28/00