Hey there,

Hope everything is going well.  I have some bad news.  In case you have not heard, my Dad passed on a week ago Sunday.  I was in LA for Adnan's wedding when my brother called.  Drove up to SF Sunday night, funeral was Monday afternoon.  I stayed in SF for a couple days, but there wasn't much I needed to do.  My brother is and will be taking care of paperwork and my Dad's apt and stuff like that.  So I drove back down to LA and stayed there for a couple days before returning to Houston.

Life at Enron is pretty down these days.  I am very fortunate to still be employed.  As you prob know of the Houston employees were cut loose last Monday.  On Friday they swiped about half of ENA.  It was a bit of a shocker.  I thought layoffs would be minimal around this group.  Origination is almost non existant now.  Some good people I worked with or out.  Since I wasn't here Friday, I was really nervous coming in.  But I think it's ok for now.

They are in negotiations with a few banks to buy the floor, or what is left of it.  They'll probably form a new patnership with a new name and everything.  Honestly, I think that is llikely to happen.  It's just a question of what will be left by the time that all happens.

I see on my streamer that CPN is down to 18 1/4.  Ouch.  Morgan Stanley downgraded the whole sector, what a bunch of geniuses.  Let's just hope for the best.

Ok then drop me a line when you have a chance.  My home address is esaibi@houston.rr.com in case Enron bites the dust.  Later

Eric