Subject: REVISED DRAFT - Savings Plan Memo
From: [email-masked]
To: [email-masked], [email-masked], [email-masked]
Cc: [email-masked]
Date: Thu, 29 Nov 2001 14:31:35 -0800 (PST)

On November 28, 2001, Enron's Board of Directors adopted an amendment to the Enron Corp. Savings Plan.  The amendment includes the following changes, which became effective on November 29:

?	Savings Plan contributions that are deducted from your November 30 paycheck will be matched by Enron in cash rather than Enron stock.  The cash match will be placed into the Fidelity Freedom 2000 fund, the default fund for the Plan.  

?	After November 30, Enron will no longer match your savings plan contributions.  As an exception, the company will continue to match union employees' contributions to the Plan.

?	Diversification within the Plan will now be allowed, regardless of your age, from ALL company contribution accounts.  These accounts include all prior company contributions, QNEC, and company match accounts.  Effective immediately, you can invest these amounts in the fund or funds of your choosing.

To move funds:
On the Web, choose "Savings Plan--Restricted Employer Acct Transfer/Reallocation" from the drop down menu.
On Voice Response, choose "request for fund transfer/reallocation of your restricted employer accounts."
This will allow you to move money from the four formerly restricted accounts: Company Matching, Union Matching, Prior Matching, and QNEC.