Mark:

Attached is my current workload report.  I'm beginning to get nervous about 
meeting traders' expectations as I am taking vacation from June 14 - 22 
(seven business days) and I don't know who will be able to pick up my 
emergencies and routine issues.

I have some idea about Mary's and Frank's workload and I have the impression 
that Brent is constantly busy with weather.  I'd like to briefly discuss 
Cheryl's workload  I think it would be a good idea to have everyone submit a 
status report of sorts to you so that you can assess how much is "project" 
oriented vs. routine, specific commodity areas, and volume.

FYI, I am trying to limit Cheryl's activity with Gary's group to brokerage 
agreements only.  The huge volume of activity on the brokerage end was 
apparently the result of a recent audit by AA and effort to "cleanup" the 
agreement status.  It should be winding down.  I have encouraged Cheryl (as 
have Frank and Mary) to provide you  with a workload report since we really 
want her to be trained in the swap basics.

Also, I will try to schedule a conference call with David Mitchell, you and 
me before I leave (topic is online trading of credit derivatives).  
Currently, only ECL is offering the bankruptcy default swap online (and no 
one is hitting the product).



Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com