Subject: RE: Policy Compared to Lowry's Notification
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked], [email-masked]
Date: Thu, 5 Apr 2001 04:40:00 -0700 (PDT)

Thanks - that should work fine now that the restricted list policy and risk 
management policy are consistent.

Cassandra.

 -----Original Message-----
From:  Lowry, Donna  
Sent: Thursday, April 05, 2001 11:12 AM
To: Schultz, Cassandra
Cc: Valdez, Veronica
Subject: FW: Policy Compared to Lowry's Notification

Cassandra,
I incorporated your changes to the Restricted List. The second and third 
paragraph after the actual list is the exact language that you suggested.  
The rest of the language in the entire email relates to the Chinese Wall 
Policy and the only additional changes that will be made by the legal group 
is they feel it is appropriate.  Keep in mind that I am only referencing the 
Risk Management Policy to a very brief extent, this is not meant to be a 
summary of that policy.  This is a offshoot of the Chinese Wall Policy.  If 
you have any questions, give me a call.  Thanks. Donna

 -----Original Message-----
From:  Valdez, Veronica  
Sent: Thursday, April 05, 2001 10:57 AM
To: Lowry, Donna
Subject: Policy Compared to Lowry's Notification

Donna,

Hope all is well.  Cassandra compared your document to the policy and she 
stated per the attached that she felt your notification should be updated per 
the information below.  Let me know if you need any help.

Thanks,

Veronica

Compared policy to Lowry,s notification
(underlining is policy)

In addition to the above, you are reminded that pursuant to Enron Corp.'s 
Risk Management Policy ("Policy"), no ENA/RAC/EGF employeeNo employee of any 
Enron Business Unit may engage in the trading of any"Position"  ("Position" 
means any  commodity, financial instrument, security, equity, financial asset 
or liability that are authorized for trading in 
the                                                                           

                                                                             
PolicyPosition for the benefit of any party other than ENA/RAC/EGF, whether 
for his/heran Enron Business Unit (whether for their own account or for the 
account of any third party,party) where such Position relates to  (i) 
anycommodity,  financial instrument, security,equity, financial asset or 
liability which falls within such employee'semployee,s responsibility at 
ENA/RAC/EGF or (ii) any energy commodity.an Enron Business Unit, or (ii) any 
other commodity not covered by (i) included in any Commodity Group. 

&Position8 shall mean, collectively, the risk components (including, but not 
limited to, price risk, basis risk, index risk, credit risk and liquidity 
risk) of all products (commodities, financial instruments, securities, 
equities, financial assets or liabilities) which have been authorized for 
trading in the Enron Corp. Risk Management Policy, any of the Enron Corp. 
Policies or approved for trading through any amendments to this Policy.