URGENT - Very Confidential

---------------------- Forwarded by Vikas Dwivedi/NA/Enron on 12/08/2000
12:57 PM ---------------------------

From: Roberto Conterno @ EES 12/08/2000 12:28 PM

To: Jaime Araoz/HOU/EES@EES, Eduardo Gil/HOU/EES@EES, Sebastian
Corbacho/ET&S/Enron@Enron, Enrique Lenci/HOU/EES@EES, Felipe Jens/Enron
Communications@Enron Communications, Santiago Garcia/NA/Enron@Enron, Andres
Balmaceda/NA/Enron@ENRON, Stephen Benchluch/HOU/EES@EES, Bruno
Messer/HOU/EES@EES, David Frost/Enron Communications@Enron Communications,
mike.e.kelly@enron.com, Sanjay Konur/NA/Enron@Enron, Vikas
Dwivedi/NA/Enron@Enron, Loftus Fitzwater/HOU/EES@EES, John Kiani/HOU/EES@EES
cc: Eric Feitler/HOU/EES@EES, Jaime Gualy/Enron Communications@Enron
Communications, Alhamd Alkhayat/NA/Enron@ENRON

Subject: URGENT - Very Confidential

Hi guys,

Please treat this as strictly confidential

Please take action ASAP

As you all know, the Enron Associate 2001 offers haven't been very popular
among MBAs. Given the fact that December is decisions month and that, given
the company growth, we cannot afford lose a new breed of highly qualified
people, the following has been decided:

Present a proposal to Jeff Skilling today in order to improve the current
offers. The proposal will be presented this afternoon, after two
Associates-Skilling-HR interactions (in which Skilling expressed more than
once his concern about Enron offers being so low compared to the market
...I-Banks, Consulting firms).

Select one alumni per B-School represented in the 2000 Associate Class, you!

Authorize those representatives to send a standard e-mail (text provided
below) to the candidates who got offers in their respective B-Schools, in
order to gain some time until the official HR communication (hopefully caring
good news) is submitted.

The standard e-mail should read EXACTLY as follows (we are not authorized to
change or add anything):

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

To MBA students considering joining the Enron Associate Program,

I wanted to send you a quick note to let you know that a proposal to change
the Associate compensation package has recently been presented to Jeff
Skilling. A decision concerning the recommended change is expected in the
next few days. More information will be provided as soon as possible. Have
a nice weekend!

Regards,

Representative Signature

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

We are asking you to the send the e-mail under your name because we want this
notification to be informal. We have the authorization to do it this way.

In case you are contacted by any candidate, the offical position should be
consistent with the one in the e-mail: a decision is expected very soon, we
will let you know asap.

Please bcc me when you send the message, since it is important to keep track
about which B-School candidates have been notified.

Thanks a lot for your help and quick response,

Roberto Conterno