Good news about Suzanne as well.  I hope that gig lasts past the Spring.
I'll be around for Thanksgiving.  Give me your number again.  If you are
around, I'll try to come have a beer or two with you (I'll bring it this
time).

Brad

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Monday, November 19, 2001 9:54 AM
To: King, Brad
Cc: 3
Subject: RE: Understanding Enron


Wow - I think the world is coming to an end.  All these huge changes.  Not
much going on over here - doing busines as usual - don't htink I will see a
change for a few months, if at all.  Maybe just some new faces - I think
that there will be some hostility and not really looking forward to that
part.  Moved onto the new trading floor this morning - chaos!  But very
nice.  Unfortuneately, you know who is on my floor - bummer!  Anyway, as
for Suzanne - she was with EES on a product development project.  She
worked with Corporate development on the Dynegy transaction and has been
asked to stay on with Corp Dev to sell more asset through march or april.
At least this way, she knows she is employed until then.  She wasn't so
sure about the EES gig and I think she is right.  My parents were going to
come here for Thanksgiving but my mother has this "feeling" that they
shouldn't make the trip - so they aren't coming.  Don't know for sure what
I will do but I refuse to sit at home entertaining myself for 4 days - I am
sick of hanging out with myself!!!  You are probobly going somewhere warmer
and perhaps tropical?  I hope you have a great thanksgiving!  Lets get a
beer after - its the holiday season and time for (good) cheer!

Kim

 -----Original Message-----
From:     "King, Brad" <Brad.King@conoco.com>@ENRON
Sent:     Monday, November 19, 2001 9:34 AM
To:       Ward, Kim S (Houston)
Subject:  RE: Understanding Enron

Big Bosses are calling this a merger of equals but we won't really know for
a couple years.  HQ in Houston (Conoco), board split 50/50 but there will
be
a Phillips guy running the show when Dunham (Conoco) leaves in '04.
Doesn't
look like a big change for the floor except picking up more production
(most
of Phillips volumes with Duke EFS).

What is going on over there?  Glad to hear you have been given some
assurance.  What about Suzanne?

Are you going home for T/Giving?

Brad

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Monday, November 19, 2001 9:28 AM
To: King, Brad
Cc: 3
Subject: RE: Understanding Enron


Phillips?

 -----Original Message-----
From:     "King, Brad" <Brad.King@conoco.com>@ENRON
Sent:     Wednesday, November 14, 2001 3:30 PM
To:       Ward, Kim S (Houston)
Subject:  FW: Understanding Enron

Heya.  Hope things are good.  How are you looking with the buyout?  I
haven't heard any screams from Midtown so I'll take that as a good sign.
Thought this might put a smile on your face.

Brad

-----Original Message-----
From: Rahim Baig [mailto:MRBaig@duke-energy.com]
Sent: Wednesday, November 14, 2001 3:17 PM
To: King, Brad
Subject: Understanding Enron


Hey Brad, thought you might like this.

*******************
Feudalism
You have two cows.
Your lord takes some of the milk.

----------

Fascism
You have two cows.
The government takes both, hires you to take care of them and sells you the
milk.

----------

Pure Communism
You have two cows.
Your neighbors help take care of them and you all share the milk.

----------

Applied Communism
You have two cows.
You must take care of them, but the government takes all the milk.

----------

Totalitarianism
You have two cows.
The government takes them both and denies they ever existed.
Milk is banned.

----------

Pure Democracy
You have two cows.
You and your neighbors decide who gets the milk.

----------

Representative Democracy
You have two cows.
Your neighbors pick someone to tell you who gets the milk.

----------

Mexican Democracy
You have two cows.
The government takes both and drafts you into the army.

----------

European Democracy
You have two cows.
The EU commission decides which regulations for feeding and milking apply.
If there aren't any, they invent some.
They pay you not to milk the cows.
They take both cows, shoot one, milk the other and pour the milk down the
drain.
They then require you to fill out forms accounting for the missing cows.

----------

American Democracy
The government promises to give you two cows, if you vote for it.
After the election, the president is impeached for speculating in cow
futures.
The press dubs the affair "cowgate," but supports the president.
The cows sue you for breach of contract.
Your legal bills exceed your annual income.
You settle out of court and declare bankruptcy.

----------

Capitalism
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.

----------

Enron Venture Capitalism
You have two cows.
You sell three of them to your publicly listed company, using letters of
credit opened by your brother-in-law at the bank, then execute a
debt/equity
swap with an associated general offer so that you get all four cows back,
with a tax exemption for five cows.  The milk rights of the six cows are
transferred via an intermediary to a Cayman Island company secretly owned
by
the majority shareholder who sells the rights to all seven cows back to
your
listed company.  The annual report says the company owns eight cows, with
an
option on one more.






**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************