Transition

Mary, Sara and Brent:
Mark H. has asked me to join Elizabeth's group which I have agreed to do
while I continue to support Julia's group on the physical trading side. I
plan to meet with Mark T. later this week to go over what files I will keep
and what files I will not keep. My tentative plan is to finish all of the
day to day stuff and to hand over most of the special projects/ longer term
stuff. With that in mind, please give some thought about who should handle
the hedge fund work, Canada back-up, the KCS VPP, coordinating our offsite
and the remaining legal/credit conferences, negotiating the Japan ISDA's (I
have created the forms and drafts of Schedules have been sent out), point
person for EIM financial trading issues, and credit derivatives back-up and
let me know what you think.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com