PLEASE READ--Action required

IMPORTANT:

PLEASE READ THE ATTACHED FILE ("Ethical Wall Procedure") AND PRINT AND SIGN THE EMPLOYEE CERTIFICATION (below).

For your convenience, I have made copies of the document and the compliance form, which are available at my desk. You are welcome to review the document (3 1/2 pages) and sign one of the certification forms. Signed forms can be placed in the confidential envelope, also at my desk. I will forward them to Donna Lowry next week.

If you have any questions, please let me know.

Thanks,
Grace
x8321

-----Original Message-----
From: Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com] On Behalf Of Donna Lowry- (Sr. Director RAC Compliance)@ENRON
Sent: Thursday, June 07, 2001 8:04 PM
To: Enron Restricted List@ENRON
Subject: PG&E BANKRUPTCY CASE-- IMPORTANT

As you may be aware, Enron Corp. is a member of the Official Unsecured Creditors' Committee appointed in the Pacific Gas and Electric Company bankruptcy case. Michael Tribolet with the Risk Assessment and Control Group is Enron's designated representative on the committee and he is being assisted by Lisa Mellencamp in the Enron North America Corp. legal group. Please be advised that they will be restricted from disclosing certain of the information that they receive.

Attached are Ethical Wall Procedures regarding confidential information that Enron may receive as a member of the committee. It is important that you read the procedures promptly, print the Employee Certification attached and sign and return the Employee Certification to the Compliance Department as directed.