Mr. Whalley:

Greetings.

Further to my discussions with your colleague Vince Kaminski, I write you
at this time in my capacity as Director of the Center for Energy Finance
Education and Research (CEFER) at the McCombs School of Business,
University of Texas at Austin.

Following the first University of Texas Energy Finance Conference in Feb.
2001, my colleagues and I are planning a second annual
practitioner-industry Conference in the Spring 2002, scheduled for 2/21 -
2/22/02, planning for which is on-going with your Enron colleagues.  The
Conference will kick off with a dinner and keynote address Thur. evening,
then continue all day Fri.

I write to extend an invitation for you to be the keynote speaker at the
Thur. evening dinner, or the Fri. lunch if your schedule precludes a Thur.
evening presentation.

Although the format for the 2002 conference may differ from that used in
Feb. 2001, for completeness I enclose herewith a copy of the 2001
Conference Program.

You may recall meeting my UT Finance Dept. colleagues and I during our
day-long visit to Enron two years ago on Aug. 27, 1999.  I look forward to
seeing you again, this time on the UT campus.  With Best Regards,
Ehud Ronn
 - 2001 Conference schedule1.doc 
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   Ehud I. Ronn
   Professor of Finance and Jack S. Josey Professor in Energy Studies
   Director, Center for Energy Finance Education and Research
   McCombs School of Business
   University of Texas at Austin
   Austin, TX. 78712-1179
   Voice:  (512) 471-5853
   FAX:  (512) 471-5073
   Internet:  eronn@mail.utexas.edu
==============================================