Draft:

We are please to announce the following within Enron Global Markets:

Larry Lawyer will be joining EGM effective immediately to start our new
finance origination activities. In this role, he will work with all
commodity products, assets, and teams and lever our existing businesses with
new this new focus. (Do you want to put in his background--which you
probably now more than I?) He will be reporting to the Office of the
Chairman.

Eric Gonzales will be joining the LNG team and co-head this effort with Rick
Bergsieker. We believe there is significant opportunity in the worldwide LNG
markets, and Eric will direct all merchant activity. (Do you want to put in
his background?) Rick will be relocating to Dubai, and bring his martket
relationships and industry knowledge to the region focussing on Project
Dolphin (do we want to say this?) and other related Mideast projects. Eric
and Rick will report to the Office of the Chairman.

Jen Fraser will come over and develop our market fundamentals group for all
products in EGM, much like ENA natural gas and power fudamentals and intranet
pages exist today. Previously, Jen was working in the Mid Market origination
group. Heather Purcell will be joining this group developing the commercial
interface for our intranet page. Heather was with Azurix, where she worked
on the platform interface for the ebusiness initiatives.

Gary Hickerson will be chairing our Trader's Roundtable. This group will be
comprised of traders across Enron's wholesale trading and risk management
businesses. This forum will give traders the opportunity to discuss topics
important to their individual markets, and discuss other markets in a macro
sense. We will be also forming a Cross Commidity trading group. In this
group, traders who have shown extremely strong and consistent profitability
will have the opportunity to exploit cross commodity opportunities with a
bias toward structural shifts in markets. This group will not be involved in
customer activity, and will execute through our principal desks. Gary will
manage this new group, as well as continuing with his current F/X, Rates,
Equity, and Agriculture initiatives.

(anything else?)