Chinese Wall training of one hour has been scheduled on the dates listed 
below.   The training is mandatory and allows EWS to continue operating all 
its businesses including equity trading without violating the securities laws.

Please register for one of the four one-hour sessions listed below.  Each 
session is tailored to a particular commercial group, and it would be 
preferable if you could attend the session for your group.  (Your particular 
group is the one highlighted in bold on the list below.)  

 Monday, March 5, 2001, 10:00 a.m. ) Resource Group
 Monday, March 5, 2001, 11:00 a.m. ) Origination/Business Development
 Monday, March 5, 2001, 3:30 p.m. ) Financial Trading Group
 Monday, March 5, 2001, 4:30 p.m.  ) Heads of Trading Desks

Each of the above sessions will be held at the downtown Hyatt Regency Hotel 
in Sandalwood Rooms A & B.  Alternatively, two make-up sessions are scheduled 
for Tuesday, March 13, 2001 at 3:30 p.m. and 4:30 p.m.  Location information 
for the make-up sessions will be announced later.

Please confirm your attendance at one of these sessions with Brenda Whitehead 
by e-mailing her at brenda.whitehead@enron.com or calling her at extension 
3-5438.

Mark Frevert and Mark Haedicke