suggest we do this.  we don't have to comment.  ok?

Mark
 -----Original Message-----
From: 	Tilney, Elizabeth  
Sent:	Tuesday, November 27, 2001 11:16 AM
To:	Palmer, Mark A. (PR)
Subject:	401K NEED


---------------------- Forwarded by Elizabeth Tilney/HOU/EES on 11/27/2001 11:15 AM ---------------------------

 
Michael Buckley <MBUCKLEY@BrunswickGroup.com> on 11/27/2001 10:52:16 AM
To:	"'mark.palmer@enron.com'" <mark.palmer@enron.com>, "'elizabeth.tilney@enron.com'" <elizabeth.tilney@enron.com>
cc:	 
Subject:	401K NEED




Hi Mark and Beth 

Attached are the following: 

1. Draft comments re: the 401K plan -- NOTE: they have not been approved by legal; 
2. A Dow Jones story alleging that the recent lawsuit could allow: i) Dynegy to back away from the deal; ii) creates the implication that the suit adds financial pressure; iii) it also erroneously (I believe) discusses the time frame of the lock down period

WE SHOULD: Consider a well orchestrated leak regarding the fact that these suits are bogus -- the leak would include information on:

?       Enron had been contemplating a change in plan administrators since 1997.  Plans were stalled due to a moratorium on administrator changes as a condition of the PGE acquisition.

?       Enron requested proposals from alternate plan administrators in February of 2001 -- in writing. 
?       In May of 2001, the new administrator (Hewitt) was notified - in writing - of our intent to start our business relationship beginning in October of 2001.   

?       The transition period (when employees could not sell stock), ran from only October 26th to November 13th - a shorter time span than was originally planned.

?       During the transition period Enron's stock went from $15.40 to $9.98 - while we're not happy about the reduced share price, the magnitude of the decline during the lock down period is much smaller than the drop alleged by some plaintiffs attorneys.

?       401K participants have the option to choose between [17] different stocks, including Enron. 

 -----Original Message----- 
From:   Michael Buckley  
Sent:   26 November 2001 16:45 
To:     'cynthia.barrow@enron.com' 
Cc:     Ellen Gonda 
Subject:        DRAFT documents 

 <<ENE401kCommMaterials.doc>>       <<ATT03720.txt>>  

 -----Original Message----- 



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