RE: HPL Inventory and Working Capital Calculation Statement

Cc: michael.salinas@enron.com, lisa.lunz@enron.com
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X-From: Coffey Jr., Jim </O=ENRON/OU=NA/CN=RECIPIENTS/CN=JCOFFEY<
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Below is a revised schedule. There was a formula correction on the first sheet and I also added a column for an adjusted difference based on information provided by David Baumbach.

Thanks!

Jim Coffey, Senior Director
Enron America - Texas Gas Origination
Phone: (713)853-5346
Fax: (713)646-3084
e-mail:j.coffey@enron.com