I think your on solid ground.  I think the stock will stay down for a little while until they name those that will join Lay in the office of the chairman.  We continue to beat earnings estimates, but things like broadband, Dahbol,  and now Skilling put pressure on the stock.

Not much new going on.  Just hanging out.  Working.  Will be heading to Austin for the game on Sept 1.  Let's see if the horns can live up to all the hype.  I have a pair of season tix for all the home games, so I will let you know when I have an extra for the game.  See if you can't get a hall pass from your better half.

 -----Original Message-----
From: 	"Zavaleta, Ernie" <Ernie.J.Zavaleta@fritolay.com>@ENRON [mailto:IMCEANOTES-+22Zavaleta+2C+20Ernie+22+20+3CErnie+2EJ+2EZavaleta+40fritolay+2Ecom+3E+40ENRON@ENRON.com] 
Sent:	Friday, August 17, 2001 2:33 PM
To:	Nemec, Gerald
Subject:	Enron Stock?

	I probably should have picked your brain first, but I bought some
stock today.  I think the punding you guys have taken is getting a little
carried away now.  While there is uncertainty over Skilling leaving, I think
your guys fundamental position is still excellent.  Can't say I bought
enough to help turn it around, but I hope there are others who feel as I
do.....................

	Anything new going on?  Pretty much the same ol here.  Just about to
go into my busy planning period, Sept-Nov, so not looking forward to that
much.  Kids are doing well and two of my three start pre-school next week,
so mama is relieved.

	Take care,
	E






	Gerald.Nemec@enron.com
	03/26/2001 10:14 AM
	To:	Ernie J Zavaleta/Frito-Lay/US@Frito-Lay
	cc:
	Subject:	Re: Any Plans tonight?


	Hey Ernie!  Sorry I didn't get back with you Friday.  I left a
little
	early, so I must have just missed your message.  Did you guys have a
good
	time on Friday night?  How is everything going?

	It has actually been thick around here.  Worked several late nights
last
	week to try and get caught up.  I may have to delay the purchase of
the new
	car with Enron's stock taking a hit lately.  It did gain some points
on
	Friday and early today.  Hopefully it keeps it up.

	Talked to George since his wedding?  Haven't heard anything out of
him
	since.  Probably just overcome by marital bliss.






	                    "Zavaleta, Ernie"

	                    <Ernie.J.Zavaleta@fri        To:
Gerald.Nemec@enron.com
	                    tolay.com>                   cc:

	                                                 Subject:     Any
Plans tonight?
	                    03/23/2001 03:18 PM









	     Hey, what's going on?  My brother-in-law and a friend of his
are
	flying into town tonight?  We're going to head over to Gilians
(sp?), a
	place that is supposed to be like Dave & Buster's.  We'll prob get
there at
	about 10:00.  We thought we'd hang there for a while and then head
to the
	downtown area and find dome kind of bar.  A couple of other friends
of mine
	from  B-school will be joining us, I thought you might want to as
well.
	Are
	you game?

	     Write back or give me a call H: 281-251-6398, cell:
281-687-6893.
	I'm leaving work in a few minutes if I don't respond to any email.

	     later,
	     E




	     Gerald.Nemec@enron.com
	     02/26/2001 01:39 PM
	     To:  Ernie J Zavaleta/Frito-Lay/US@Frito-Lay
	     cc:
	     Subject:  Re: 2nd Hotel Room Confirmation


	     Ernie,  Thanks for taking care of that.   I will probably be
getting
	into
	     Austin earlier than you.  I'll have my cell phone with me.
(281)
	772-9250.
	     If you get into town earlier, give me a call.  Otherwise why
don't
	you just
	     call me at the room when you get to the hotel.   Sounds great,
we'll
	ride
	     over together.  I might bring this girl I have kinda been
seeing
	with me.
	     My latest victim.  We'll see.    I believe that's correct.  The
	wedding is
	     at 7.

	     Thanks for the Dilliards tip.  I was going to ask about that.

	     G






	                         Ernie.J.Zavaleta@fr

	                         itolay.com                 To:
	gerald.nemec@enron.com
	                                                    cc:

	                         02/26/2001 12:09 PM        Subject:     2nd
	Hotel Room Confirmation








	     Gerald,

	     Good news - we were able to get the second room at the same
$129
	rate.
	     Below
	     you'll see two separate confirmation numbers - I don't think it
	matters
	     which
	     one you or I use.  When you check in, just claim one of them.
	They're both
	     on
	     my card so you can transfer to yours at check-in.

	     I'm not sure what time we'll get there since we'll be coming
from
	SA.  I
	     estimate we'll get there at about 5:00 (the wedding is at 7:00
	right?)
	     We'll
	     actually be traveling to SA on Friday since some of Jill's
family
	from the
	     Valley will be there as well.

	     If we're not in contact before then, let's just plan on meeting
at
	the
	     hotel
	     sometime between 6:00 and 6:30.  We can drive over to the
wedding
	together
	     from
	     there.

	     In case you didn't know, they're registered at Dillard's - we
got
	him a
	     gift
	     yesterday, still plenty of items on the list.

	     E
	     ---------------------- Forwarded by Ernie J
Zavaleta/Frito-Lay/US on
	     02/26/2001
	     12:03 PM ---------------------------


	     Suzanne Mercer <suzannemercer@tramex.com>
	     02/26/2001 11:58 AM

	     To:   Ernie J Zavaleta/Frito-Lay/US@Frito-Lay
	     cc:
	     Subject:  2nd Hotel Room Confirmation



	      TO: FRITO LAY / PEPSI
	                 ERNIE ZAVALETA
	                 100 GLENBOROUGH DT
	                 SUITE 1200
	                 HOUSTON TX 77067

	      FOR: ZAVALETA/ERNIE          REF: FRIT-0046000



	      HOTEL
	      03MAR   AUSTIN            MARRIOTT HOTELS
	       SAT                      MARRIOTT AUSTIN CAPITAL
	                                701 EAST 11TH STREET
	                                AUSTIN TX 78701
	                                FONE 512-478-1111
	                                FAX  512-478-3700
	                                1 NIGHT       1 ROOM       OUT-04MAR
	                                LEISURE RATE
	                                RATE-129.00USD PER NIGHT
	                                CANCEL BY 06P DAY OF ARRIVAL
	                                GUARANTEED LATE ARRIVAL
	                                CONFIRMATION 82747164
	                                RQST KING BED NON SMOKING
	      HOTEL
	              AUSTIN            MARRIOTT HOTELS
	                                MARRIOTT AUSTIN CAPITAL
	                                701 EAST 11TH STREET
	                                AUSTIN TX 78701
	                                FONE 512-478-1111
	                                FAX  512-478-3700
	                                1 NIGHT       1 ROOM       OUT-04MAR
	                                LEISURE RATE
	                                RATE-129.00USD PER NIGHT
	                                CANCEL BY 06P DAY OF ARRIVAL
	                                GUARANTEED LATE ARRIVAL
	                                CONFIRMATION 82413250
	                                RQT NONSMOKING




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	        GOVERNMENT ISSUED PHOTO ID IS REQUIRED BY AIRLINE.
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