Subject: FW: AIG Sureties
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked]
Date: Mon, 10 Dec 2001 13:47:23 -0800 (PST)

Ken,

AIG's surety exposure is approximately $132 million.  It is all related to a tax exempt prepay done a couple of years ago.  Obviously, we will not be able to collateralize their exposure.

Ray

-----Original Message-----
From: Bouillion, James L. 
Sent: Monday, December 10, 2001 2:22 PM
To: Bowen Jr., Raymond
Subject: RE: AIG Sureties

There appears to be only one bond provided by AIG,  APEA - Nebraska on which AIG holds 50%.  Chubb has the other 50%.  The exposure is one of Joe Deffner's and has a declining balance.  It was originally written for $300,000,000 and is now at approximately $264,000,000.  50% of that number is consistent with AIG's  November 21, 2001, demand for collateral of $131,537,271.

 -----Original Message-----
From: 	Bowen Jr., Raymond  
Sent:	Monday, December 10, 2001 12:02 PM
To:	Bouillion, James L.
Subject:	AIG Sureties

Jim,

I need to get a list of our AIG sureties to Ken Lay.  Could you help me out?  I am sure you have it readily available.

Thanks,

Ray
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