John,

Below is the request from Top Gun. Muller and/or myself will join you on the 6th floor for the conference call.
-----Original Message-----
From: Brennan, James+ [mailto:James.Brennan@ubsw.com]
Sent: Wednesday, January 02, 2002 2:10 PM
To: Taylor, Mitch
Cc: Schleimer, Andrew+
Subject: FW: NetCo conference calls



Mitch:
I neglected to spell out that at 5:30 we hope John or Louise will walk through the details of physical delivery, so that
everyone on our due diligence team will have the opportunity to ask questions that may arise.
Rgds
James
-----Original Message-----
From: Schleimer, Andrew+ 
Sent: Wednesday, January 02, 2002 3:08 PM
To: Pittarelli, Ernest [UBS]; ODonnell, Pat [UBS]; Meinel, Matt [UBS];
Dyrvik, Per [UBS]; Eber, Louis [UBS]; 'jweinberg@cov.com';
'awells@cov.com'; 'ssmith@cov.com'; 'mhopkins@cov.com';
'frumkinj@sullcrom.com'; 'wisemanm@sullcrom.com'; 'davye@sullcrom.com';
'william.glass@ubsw.com'; Stockman, Michael [UBS]
Cc: Brennan, James+; Meisner, Joseph+; Hunt, Jim+; Ming, Tom+; Sherrill,
Russell+; Schleimer, Andrew+
Subject: NetCo conference calls


Team:
	
We have set up two conference calls for this afternoon, the first at 5 pm (NY time) and the second at 5:30 pm. We are
currently confirming participation from Enron - either Louise Kitchen or John Lavoratto from the Wholesale trading
business.  You are each invited to join, either at 5 or 5:30 (the same call in number will work for both) depending on
your needs.

At 5, Ernie Pittarelli (Operations) plans to review with Louise or John the scope of the business going forward. This
may be of in interest to Pat O'Donnell (IT) and Per Dyrvik (Finance) as well.

At 5:30, the topic will turn to physical delivery. I would anticipate that Lou Eber (legal) will want to participate, as
well as outside counsel from Covington & Burling and Sullivan & Cromwell. Bill Glass (credit) and Mike Stockman (risk)
may also want to participate on this call.

The dial-in number, for both 5 and 5:30, is (888) 446-5348 (domestic) and (913) 338-9600 (international).

Conference Moderator:			James Brennan

Conference Passcode/Reservation#:	138925

Rgds
James

Visit our website at http://www.ubswarburg.com

This message contains confidential information and is intended only 
for the individual named.  If you are not the named addressee you 
should not disseminate, distribute or copy this e-mail.  Please 
notify the sender immediately by e-mail if you have received this 
e-mail by mistake and delete this e-mail from your system.

E-mail transmission cannot be guaranteed to be secure or error-free 
as information could be intercepted, corrupted, lost, destroyed, 
arrive late or incomplete, or contain viruses.  The sender therefore 
does not accept liability for any errors or omissions in the contents 
of this message which arise as a result of e-mail transmission.  If 
verification is required please request a hard-copy version.  This 
message is provided for informational purposes and should not be 
construed as a solicitation or offer to buy or sell any securities or 
related financial instruments.