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Subject: latest draft - - comments ? vince , this is my latest effort and i would appreciate your thoughts . i know that we haven ' t written together before so let me assure me that you will not hurt my feelings by " slashing away " with a red pen . i think that i have put all the clay on the table for this piece of sculpture but it is still pretty crude . help me " refine " the work to create something we can both be very proud of . by the way , i know you are extremely busy right now so don ' t feel pressured to spend lots of time here . any guidance you can offer will be appreciated . i don ' t know what the editor ' s time schedule is but he asked me to send him a draft on monday . you and i will still be able to edit the manuscript but he will begin reading and editing it too . i ' ll let you know as soon as i have a final deadline . your friend , john p . s . hope life is a bit calmer for you . by the way , i ' m reading an interesting book entitled " the four agreements " by miguel ruiz that documents the toltec philosophy of life in the context of the dreams of reality that we all create . you might enjoy it . - enron _ paper _ 1 _ 16 _ 01 . doc john d . martin carr p . collins chair in finance finance department baylor university po box 98004 waco , tx 76798 254 - 710 - 4473 ( office ) 254 - 710 - 1092 ( fax ) j _ martin @ baylor . edu web : http : / / hsb . baylor . edu / html / martinj / home . html

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Subject: re : extreme value theory applied to weathet dear vince and grant , i am currently reviewing some of the more erecent references on evt and its application . i get back to you shortly with some points regarding the usefulness of evt and how traders ( electricity and weather ) can benefit from evt . cheers , christian to : christian werner / enron _ development @ enron _ development cc : subject : re : extreme value theory applied to weathet christian : to my knowledge , the research group is examining evt primarily in the context of value at risk calculations . we have not looked at evt for power , because , to date , we have been focussing on shorter term fundamental forecasting of price excursions : i . e . given tomorrow ' s load forecasts and expected plant dispatch , we attempt to predict which lines will become constrained and how the system will react to alleviate these constraints . i would be interested in your thoughts on how evt would benefit the traders however . as far as the weather goes , i would expect the weather desk to use evt at some level . clearly you should talk to joe hrgovcic , the researhc chap attached to the weather desk , for a more accurate assessment . cheers , grant .

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Subject: re : follow - up on siam workshop thanks for forwarding peter ' s resume . by copy of this memo i am forwarding peter ' s resume to danny mccarty and phil lowry . danny and phil : please follow - up with vince if you have an interest in meeting with peter . he seems to be a very qualified candidate . vince j kaminski @ ect 04 / 30 / 2001 02 : 28 pm to : stanley horton / corp / enron @ enron , danny mccarty / et & s / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : follow - up on siam workshop i am forwarding for your attention the resume of peter percell who has an extensive experience in modeling physical flows of natural gas in pipeline systems . peter is looking currently for a job . i met him last week at the meeting of the science and industry advance with mathematics society at the university of houston . the application of recent developments in optimization theory and numerical methods can help enron to improve further efficiency of our pipeline system and reduce the consumption of compressor fuel . please , let me know if you interested in introducing peter to executives in your organization . i shall be glad to make arrangements for an interview . vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 30 / 2001 02 : 17 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - peter percell on 04 / 30 / 2001 11 : 16 : 58 am to : vincent kaminski cc : subject : follow - up on siam workshop i enjoyed your presentation , and meeting you briefly afterwards , at the siam workshop last friday . i have extensive experience as a technical leader in the design and development of modeling and simulation software products , mostly for the oil and gas pipeline industry . i am looking for a position that can utilize my software development and mathematical skills . getting out of the narrow confines of the pipeline simulation industry would be a plus . please consider whether i might fit in your group . your answer to a question indicated that i have several of the skills you look for . also , please let me know , by email , the names and contact information of other managers within enron who might benefit from having someone with my qualifications in their group . attached are my resume and an addendum covering academic & consulting experience . publications are available on request . i will call you in a couple of days to follow up on this email . thank you for your time . peter percell 10030 doliver drive percell @ swbell . net houston , tx 77042 - 2016 ( 713 ) 532 - 3836 voice & fax - percell , peter resume only . doc - percell , peter a & c exp . doc

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Subject: coming back to london hi guys , it was nice to work with each of you for the last couple of weeks . it was great time and i enjoyed every single day here . i am very much impressed with research team in houston and looking forward to strengthen our co - operation even further . have all great time and not a very hot summer . hope to see all you soon . many thanks , slava

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Subject: alp presentation hi vince ! ! i ' ll take care of the invitations and i am planning to be at the concert on saturday ! thanks ! ! - - christie . - - - - - - - - - - - - - - - - - - - - - - forwarded by christie patrick / hou / ect on 05 / 01 / 2001 09 : 14 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - vince j kaminski 05 / 01 / 2001 04 : 55 pm to : christie patrick / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect , kenneth parkhill / na / enron @ enron , shirley crenshaw / hou / ect @ ect , melinda mccarty / corp / enron @ enron subject : alp presentation christie , shirley reserved room 49 cl for monday 4 : 00 p . m . presentation . can you issue the formal invitation to our guests with the game / dinner details ? i don ' t have all the details regarding the enron field box and time . i am out most of the day on wednesday but we can discuss the details on thursday . hope to see you on saturday at the concert . vince

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Subject: p . v . krishnarao ' s expenses good afternoon sandeep : i sent krishna ' s expenses for his recent trip to our accounting dept . this morning and expensed them to the research group ' s co and rc # . however , we need to be reimbursed for these expenses and i would like to know the best way to do this . our accounting dept . thought we should just send an invoice with the back up material to dabhol power co . asking them to cut a check made payable to enron corp . and then it would be credited to our co # and rc # . please let me know if this is acceptable , and if so , who the invoice should be made out to and where i should send it . i appreciate your assistance in this matter . have a great day ! shirley crenshaw 713 - 853 - 5290

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Subject: new extension installed we will receive a new employee on jan . 17 th 2000 . if possible we would like for his telephones and extensions to be ready . his name is jose marquez . his locations are eb 3130 c and ebl 968 . any questions please call kevin moore x 34710 thanks kevin moore

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Subject: update vince , a quick update on job candidates : 1 ) nelson neale : relayed your request to norman , and told nelson that an offer is in progress . did not mention specific numbers to him . 2 ) charles shen : left a message for him that we would get back to him next week with details of an offer . 3 ) interviewed by phone tom barkley at thunderbird ( brought to our attention by enron recruiters there ) . he looks very interesting so i am trying to schedule a visit to enron for him . he will finish t - bird in december ( mba ) and has a bachelors with honours in mathematics . have a great weekend . stinson

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Subject: in the heart of your business ! corporate image can say a lot of things about your company . contemporary rhythm of life is too dynamic . sometimes it takes only several seconds for your company to be remembered or to be iost among competitors . get your logo , business stationery or website done right now ! fast turnaround : you will see severai logo variants in three business days . satisfaction guaranteed : we provide uniimited amount of changes ; you can be sure : it wili meet your needsand fit your business . fiexible discounts : loqo improvement , additional formats , bulk orders , special packages . creative design for competitive price : have a look at it right now ! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ not interested . . . _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

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Subject: approval is overdue : access request for stephen . bennett @ enron . com this request has been pending approval for 5 days and you are the alternate . please click approval to review and act upon this request . request id : 000000000003991 approver : stinson . gibner @ enron . com request create date : 10 / 3 / 00 12 : 31 : 22 pm requested for : stephen . bennett @ enron . com resource name : \ \ enehou \ houston \ common \ research - [ read / write ] resource type : directory

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Subject: wharton risk center advisory committee meeting june 14 , 2001 dear vince , attached please find a prelimary agenda for the wharton risk management and decision process center advisory committee meeting taking place june 14 , 2001 . howard kunreuther and paul kleindorfer co - directors for the center would like to extend to you the opportunity to serve as an advisory committee member . if you could kindly let me know your attendance status and if you are interested in serving as soon as possible i would be very grateful . we are presently working on the spring edition of the center ' s newsletter which always prints a list of members . we would like to add your name , title and company . thank you , theresa > ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ theresa convery administrative assistant risk and decision processes center the wharton school of the university of pennsylvania ( 215 ) 898 - 5688 / fax : ( 215 ) 573 - 2130 tconvery @ wharton . upenn . edu - agenda - draft . doc

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Subject: dinner thur . evening ? vince , greetings . i have not been advised by amy lamonsoff of a planned risk dinner next thur . if there will not be such a dinner , would your schedule permit a dinner next thur . ? best , ehud ehud i . ronn department of finance mccombs school of business university of texas at austin austin , tx . 78712 - 1179 voice : ( 512 ) 471 - 5853 fax : ( 512 ) 471 - 5073 internet : eronn @ mail . utexas . edu

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Subject: re : many hello helyette , i am in california this week , vacationing with my family . it is a spring break week at stanford and we shall spend a few days in calistoga , north of napa valley , a place famous for mineral water and geysers . i shall talk to karla when i come back to houston about the speeding up the process on our side . our lawyers typically sit on a contract for a few weeks unless we put a lot of pressure on them . american lawyers tend to be very meticulous : this is why the city of los angeles alone has more lawyers than entire japan . i think about two sites for your software : houston and europe ( most likely london ) . i shall be honored to chair a session during the bachelier world congress at college de france . please , let me know which session you have in mind for me . the repeat the francfort presentation in paris on october 4 & 5 is fine with me . i think the frankfurt presentation went quite well and it will be nice to work wih you and alex again . regards vince p . s . i shall keep my office cell phone on all the time , in case you need to call me : 713 410 5396

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Subject: re : kmv visit dear mr . seyfried , i am following up on the attached message from vasant shanbhogue who visited with us in san francisco recently . i will be in london on friday , march 31 st , and would be happy to drop by your offices to provide additional information on our products . at this point , the best time for me would be in the late afternoon ( 2 pm to 3 pm ? ) . please let me know if you would still like to meet and if this time will work for you . regards , rob - - - - - original message - - - - - from : vasant shanbhogue [ mailto : vasant . shanbhogue @ enron . com ] sent : friday , march 24 , 2000 10 : 56 am to : rudy @ kmv . com cc : bryan seyfried ; william s bradford ; vince j kaminski subject : kmv visit hi robert , following up on our visit to your office , vince kaminski and i are very interested in your products . bryan seyfried , who is heading up the credit trading operations in london , would like you to visit the london office when you are there next friday . he would like to discuss technical implementation details at that time , in addition to the overall framework . i will also give you a call to set up a time to have a more technical ( options modeling ) conversation over the phone . thanks , vasant shanbhogue vice president , research enron corp

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Subject: my new life hello , welcome to pharmonli stimulant ne sh cordiality op - one of the leading oniine pharmaceutical sho untrodden ps derring v protoplasmic g a infante l l merely l ergonomics la r sobriquet ac fertilizer l i tappet sv tactical a dishcloth um andmanyother . - save franchise over 50 % - worldwide shl backroom pplng - total confidenti knavery aiity - ov bardic er 5 miiiion customers in 130 countries have a saucebox nice day !

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Subject: data for moody ' s riskcalc craig and kim , as you know , i have obtained a 60 day trial subscription to moody ' s riskcalc . you wanted to know if it makes sense for enron to purchase riskcalc . well , after plowing through their 100 page manual and sitting through today ' s 2 - hour moody ' s presentation , it is necessary for us to have information about enron ' s counterparties to move to the next step with riskcalc . we have obtained some information on enron ' s european counterparties from our colleagues in the london office . we need for you and / or your colleagues in the houston office to supply us with a list of enron ' s north american counterparties . more specifically , to evaluate moody ' s riskcalc we will need the following financial inputs for enron ' s north american ( private firm ) counterparties : fiscal year the prior twelve months of financial data are represented . annual statements are usable as well as quarterly statements after summing the flow variables , such as cost of goods sold , net income , sales , and ebit . the value should be a four - digit integer year without mention of the day or month such as 1999 or 2000 . forecasts until the year 2009 can be made . a constant rate of inflation is applied to future years using last year ' s ( 1999 ) inflation level . in general this ' estimation error ' will not cause any great problems , as size affects default rates at very large scales ( e . g . , $ 10 , 000 , 000 vs . $ 1 , 000 , 000 makes a significant difference , $ 1 , 000 , 000 vs . $ 1 , 050 , 00 does not ) . cash & equivalents this measure of liquid assets includes cash and marketable securities . inventory inventories are taken directly from the balance sheet , in thousands dollars , without any alterations for accounting method ( e . g . , lifo , fifo , average cost ) . this item represents merchandise bought for resale and materials and supplies purchased for use in production of revenue . specifically this would include purchase cost , sales cost , sales taxes , transportation costs , insurance costs , and storage costs . current assets this item primarily represents cash , inventories , accounts receivables , marketable securities , and other current assets . total assets total assets and every other variable are entered in thousands of dollars . for example , $ 15 , 500 , 000 should be entered as 15500 . specifically , total assets are the sum of current assets plus net property , plant , and equipment plus other noncurrent assets ( including intangible assets , deferred items , and investments and advances ) . leave previous year ' s total assets blank for australian companies . current liabilities liabilities are positive values . included in current liabilities are short - term debt , accounts payable , and other current liabilities . total liabilities this balance sheet account , total liabilities , is a positive number representing the sum of current liabilities plus long - term debt plus other noncurrent liabilities ( including deferred taxes , investment tax credit , and minority interest ) . retained earnings retained earnings , a historical measure of performance , is the cumulative earnings of the company less total dividend distributions to shareholders . typically , it is the prior year ' s retained earnings plus net income less distributions . retained earnings are generally positive . some firms with low credit quality will have negative retained earnings . leave this field blank for australian companies . sales this item consists of the industry segment ' s gross sales ( the amount of actual billings to customers for regular sales completed during the period ) reduced by cash discounts , trade discounts , and returned sales and allowances for which credit is given to customers . cost of goods sold entered in thousands of dollars , this value is generally a positive number less than sales . it represents all costs directly allocated by the company to production , such as material , labor , and overhead . not fixed overhead or items that would be included in selling , general , and administrative expenses . leave this field blank for australian companies . ebit earning before interest expense is operating income after depreciation . it can be positive or negative but is usually greater then net income . interest expense this item represents the periodic expense to the company of securing short - and long - term debt . typically , we expect this charge to be approximately the prevailing interest rate times the total liabilities . one measure of computing this is : interest expense = 0 . 07 * total liabilities . net income this item represents the income ( or loss ) reported by a company after expenses and losses have been subtracted from all revenues and gains for the fiscal period including extraordinary items and discontinued operations . a loss is represented by a negative sign . for example , a $ 5 , 000 , 000 loss would be entered as - 5000 . leave previous year ' s net income blank for australian companies . extraordinary items positive or negative , this item represents unusual items that sometimes appear on the income statement . the items are designated by the company as extraordinary and presented after net income from continuing operations and discontinued operations . these items include extraordinary gains / losses , income ( loss ) from discontinued operations , and cumulative affect of accounting changes . expenses are entered as negative values , gains as positive values . leave previous year ' s extraordinary items blank for australian companies . country this model is calibrated for the united states , canada , and australia . we look forward to receiving this information for enron ' s private firm north american counterparties so that we can move on to the next step with the evaluation of riskcalc . thanks , iris

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Subject: risk 2000 panel discussion hello everyone : vince kaminski would be available for a conference call on wednesday , may 31 at 10 : 00 or 11 : 00 am est . the rest of the day is rather full . please let me know if either time is convenient for you . if not , maybe we could do it on june 1 - he is free most of the day with the exception of 12 : 30 - 2 : 00 est . look forward to hearing from you . thanks ! shirley crenshaw administrative coordinator enron corp . research 713 - 853 - 5290 email : shirley . crenshaw @ enron . com

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Subject: re : thanks ! karin , i talked to mike roberts ( the head of the whole weather team ) , and he is saying that all expenses for tony should be charged to global products team . this is agreed between vince and jeff shankman . mike and vince are negotiating with john to put stephen ( or somebody who will replace him ) to some other cost centres ( via research ) . it looks like kevin moore is happy if stephen is charged to the same cost centre as tony . let us right now charge tony and stephen to the cost centre below . please , could we charge them separately - when john and vince make their decision , we should be able to re - charge . many thanks , slava enron capital & trade resources canada corp . from : karin ahamer @ enron 18 / 04 / 2001 15 : 06 to : tani nath / lon / ect @ ect , viacheslav danilov / lon / ect @ ect cc : subject : re : thanks ! tani / slava could you please let me know which costcentre i can bill for any charges relating to tony and stephen . thx karin - - - - - - - - - - - - - - - - - - - - - - forwarded by karin ahamer / eu / enron on 18 / 04 / 2001 15 : 04 - - - - - - - - - - - - - - - - - - - - - - - - - - - enron capital & trade resources corp . from : stephen bennett 18 / 04 / 2001 12 : 14 to : karin ahamer / eu / enron @ enron cc : subject : re : thanks ! - - - - - - - - - - - - - - - - - - - - - - forwarded by stephen bennett / na / enron on 04 / 18 / 2001 06 : 11 am - - - - - - - - - - - - - - - - - - - - - - - - - - - kevin g moore @ ect 04 / 18 / 2001 06 : 11 am to : stephen bennett / na / enron @ enron cc : subject : re : thanks ! r . c . 107043 co . # 0413 stephen , all charges for soft ware that you use in london should be charged to the same cost center as tony hamilton , reason being , is that someone will replace you in that position . thanks kevin moore enron north america corp . from : stephen bennett @ enron 04 / 18 / 2001 05 : 08 am to : karin ahamer / eu / enron @ enron cc : kevin g moore / hou / ect @ ect subject : re : thanks ! you can cost it to my group in houston . kevin moore has the proper number enron capital & trade resources canada corp . from : karin ahamer 04 / 18 / 2001 05 : 06 am to : kevin g moore / hou / ect @ ect cc : tony hamilton / eu / enron @ enron , mike a roberts / hou / ect @ ect , stephen bennett / na / enron @ enron , tani nath / lon / ect @ ect subject : re : thanks ! kevin do you know whose costcentre the microsoft frontpage is supposed to go on ? thx karin enron capital & trade resources corp . from : stephen bennett 18 / 04 / 2001 10 : 10 to : karin ahamer / eu / enron @ enron cc : kevin g moore / hou / ect @ ect , tony hamilton / eu / enron @ enron , mike a roberts / hou / ect @ ect subject : thanks ! hi karin . . . i hope you had a splendid holiday ! i wanted to thank you for getting tony and i set up here last week . we seem to have established a steady daily routine and are supporting several different trading groups in london as well as continuing our daily support of traders in houston . we ' ve gotten far more requests for information than we expected , so as a result i will be remaining in london a little longer than originally expected . as of now - i ' m not sure exactly when i ' ll be going back to houston - but vince has let me know that i will remain here as long as necessary to ensure adequate daily weather support for the london traders . to that end - i think i will need one additional piece of software installed on the machine that i will be using on a regular basis . could i please get microsoft frontpage installed as soon as we can get it ? that leads to the second issue of desks . i know that space is a premium here - and i understand that i may need to move around some as a result . i certainly want keep things as simple as possible for everyone - but i also wanted to make sure that you know that there are certain applications that are essential for the daily trader support in london and houston . as such , if i move , we will need to make sure that these applications are available from the beginning of the day ( we start about 0600 ) . the applications are : 1 ) adobe acrobat - full version 2 ) accuweather for windows - ( this is something i will need to install ) 3 ) microsoft front page 4 ) terminal server 5 ) the full ms office software package one idea would be to have a pc move with me - that way we would not need to reinstall this software which could cause problems with the daily support routine . thanks again for all of your help . i will let you know - once i know - how long i will be here . i should hear something from vince over the next few days giving me an idea . cheers , steve stephen bennett senior meteorologist enron research temporarily in london : ext 3 - 4761 otherwise : ( 713 ) 345 - 3661

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Subject: letter to nesbitt john , the outline of a message to nesbitt . dale , thanks for your message . in our phone conversation before the meeting you mentioned another contractual arrangement under which we could work with your company employees on a case - study . the cost of a weekly project would be $ 12 , 000 that would be applied to the purchase price should we go ahead and decide to acquire the software . this project would allow us to evaluate the model and come up with an estimate of the manpower necessary to support the model internally . please , let me know more about this option . vince

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Subject: your talk on 2 / 7 / 00 ( monday ) ( fwd ) vince : a minor revision of my earlier email shown below . the last line should read ' i will be waiting in my office from 6 : 30 - 6 : 50 for your call . . . ' my office phone is 713 743 4716 . sorry that i have to resend this email . ed - - - - - - - - - - forwarded message - - - - - - - - - - date : thu , 3 feb 2000 08 : 17 : 40 - 0600 ( cst ) from : edward kao to : vince j kaminski subject : your talk on 2 / 7 / 00 ( monday ) dear vince : i would like to send out an annoucement about your talk in my risk management in the energy sector course on february 7 , monday . is it correct that the name of your talk will be " commodity trading in the energy sector " . you indicated that you would be using transparencies so we have a projector ready for you . please let me know if there is anything else you need for the talk . please also confirm this at your earliest convenience so that i can get announcement sent out soon . thanks in advance for the talk . we all look forward to meeting you monday . best regards , ed ps . the class meet 7 : 00 - 8 : 20 pm at 117 meclcher hall . as we originally planned , i will be waiting in my office from 6 : 30 - 6 : 50 and greet you at the parking lot ie .

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Subject: re : [ 9 ] this has been our final attempt we have aimed to contact you on quite a few instances and the time to return your reponse is now ! your exisiting loan situation enables you for up to a 3 . 80 % lower rate . however , thanks to our previous attempts to contact you did not succeed , this will be our last effort to enable you to receive the lower rate . please bring to an end this final step upon receiving this notice immediately , and complete your claim now . apply here . if your decision is not to make use of this final offer going here will help you to do so .

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Subject: encounter article - shalesh ganjoo we have conducted an interview and written the attached article for the upcoming edition of the encounter , the associate & analyst programs ' newsletter . the interview was conducted with shalesh ganjoo in regards to his participation with the implementation of storage capacity as a commodity . to ensure our publication is printing the most accurate information , i have attached the article for your review . please confirm that the information provided from shalesh ganjoo is accurate . thank you in advance for your assistance , tracy arthur communication specialist associate & analyst department 713 - 345 - 7853

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Subject: correlation matrix reduction zhiyang , got your message . as we discussed , the best way to breakdown the big correlation matrix between different location indices is through " cluster analysis " . the idea is to select major hubs and the " satellite " markets . by establish the correlation between the hubs and correlation between the satellites and the hubs , the big matrix can be significantly reduced . then the traders only need to input the correlations between the hubs . this technique has been applied in our value at risk system . you may talk to tanya to find out the details . zimin ps : the wsprd code you requested .

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Subject: introduction - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 06 / 28 / 2000 07 : 55 am - - - - - - - - - - - - - - - - - - - - - - - - - - - on 06 / 20 / 2000 03 : 12 : 53 pm to : " vince j kaminski " cc : richard . larsen @ effem . com subject : introduction vince : as way of introduction , i wanted to write a bit about mars inc . and then about cds , the unit i head . mars is a private company , considered to be the largest privately owned manufacturing company in the world . mars is not in the habit of disclosing its finances , so the best i could do is refer to forbes ' estimate of $ 15 billion annual revenue and to the profit margins of similar companies between 5 - 12 % . mars is in the business of manufacturing confectionery ( m & m , dove bar , skittles , twix , - all ( r ) ) food ( uncle ben rice ( r ) ) pet food ( pedigree , whiskas waltham ( r ) ) and other products . mars has prospered during the years because of a unique philosophy that emphasizes the long term goals of the company . part of the philosophy is to look for win - win solutions with its suppliers , customers and partners . as can be understood from the nature of the company , a large chunk of its expenses goes towards purchasing commodity like products , and hence the history of researching those commodities and the weather that influences their supply and the demand ( people eat less ice cream in the winter and less chocolate in the summer ) . cds has a history of few decades in forecasting weather and has been very successful , with an envious track record , in helping mars get a competitive advantage in these arenas . cds is a global group ( in 4 countries across two continents ) which supports the purchasing function and the corporate at large in these and other arenas . it is a multidiscipline and multinational team with a lot to offer . not having a ready access to the energy markets , and with a risk profile based on manufacturing expertise , mars has decided to look for potential partners in this area . enron presence in the market place certainly makes it an interesting party to talk to . in talking to enron , we are careful to suggest that mars is not committing to anything at this point , and all we are after is to find out if there is an interest to pursue the opportunity we discussed in the future . i am looking forward to our video conference call . kind regards , avi - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - avi i . hauser phd mba cds director 100 international drive mt olive nj 07828 - 1383 + 1 973 691 3664 ( office ) + 1 973 347 8189 ( fax ) + 1 973 727 3622 ( car + slow paging ) hauser @ cdsusa . com

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Subject: dr . rafael campo good morning , ? i have attached a press release that may be of interest to you . ? if you have any questions regarding it , or if we can be of assistance in any other way , please call me directly at 972 - 245 - 8300 . ? thanks and best regards , katheryn stalker ? risk limited corporation box 612666 ? ? dallas , texas 75261 ? ? usa ? ? ? tel : 972 . 245 . 8300 ? ? fax : 972 . 245 . 8318 ? ? ? www . risklimited . com - press release dr . rafael campo 5 - 2 - 01 . doc

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Subject: re : dr . michelle foss - energy institute thanks vince - - am tied up with chairing the iaee conference this week . appreciate your fielding my request via aisha . hope you ' re doing well ! m * * * * * all information in this mail is to be treated confidentially . * * * * * michelle michot foss , ph . d . director , energy institute c . t . bauer college of business 334 melcher hall , room 320 university of houston houston , tx 77204 - 6011 tel . 713 - 743 - 4634 fax 713 - 743 - 4881 www . uh . edu / energyinstitute > , , on 04 / 23 / 2001 03 : 15 : 29 pm please respond to aisha @ uh . edu to : vkamins @ ect . enron . com cc : mmfoss @ uh . edu subject : dr . michelle foss - energy institute dear mr . kaminski , i am writing to ask a favor for dr . michelle foss . as you know we will be running our " new era " program from may 14 - may 25 th . dr . foss was wondering if on may 22 nd ( between 1 : 30 pm and 4 : 00 pm ) , we would be able to bring our participants for a tour of your trading floor . at this time we will have 30 - 40 people , and since only 10 people maximum should really be on a trading floor we need to have 4 companies among which to divide our participants . at this time , we have a floor from coral energy , and are working with duke , and i will be contacting mr . paul roberts to arrange for the reliant energy trading floor . i was hoping very much that you would be able to direct me to the right person to contact to arrange this tour . will this be a possiblity ? i really appreciate your help very much . thank you ! best regards , aisha jamal energy institute 713 - 743 - 4634

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Subject: please restore your account access html > dear southtrust customer , we recently reviewed your account , and we suspect an unauthorized atm and / or pin - based point of sale transaction on your account . protecting your account is our primary concern . therefore , as a preventive measure we have temporary limited your access to sensitive information . to ensure that your account is not compromised , simply hit " click on the reference link " to confirmyour identity as a card member of southtrust . this notification expires on july 15 th 2005 . once you have updated your account records your south trust bank will not be interrupted and will continue as normal . please follow the link below and renew your account information .

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Subject: re : stanford mba - interview hi vince , unfortunately , i have not heard from him . he also forwarded his resume to mauricio mora , who asked if we could interview him . when i asked celeste about it back then she decided against it . if you need some help tracking him down , let me know . thanks , althea vince j kaminski @ ect 04 / 16 / 2001 01 : 53 pm to : althea gordon / na / enron @ enron cc : vince j kaminski / hou / ect @ ect subject : stanford mba - interview althea , i was trying to get in touch with this guy . did he contact you by any chance ? he missed the interviews on the campus . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 16 / 2001 01 : 51 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " seade , juan j . " on 03 / 19 / 2001 01 : 15 : 56 am to : " ' vkamins @ enron . com ' " cc : subject : stanford mba - interview dear vincent , as i told you on the phone on friday , i am very interested in a summer internship at enron . i would like to point out that i want to pursue a career in trading , and i am especially interested in derivatives . given that enron is a pioneer in the market making of energy , broadband and weather derivatives , i find it a company i would be most interested in working for . i believe that you will find my background of interest to your firm , and i hope to be interviewed by yourself and other colleagues of yours . i have final exams from march 19 - 22 , but would be most willing to travel to houston for interviews any time from friday march 23 rd onwards . i hope to hear from you soon . best regards , juan seade mba class of 2002 stanford business school 796 escondido road apt . 29 c stanford , ca 94305 tel : ( 650 ) 497 - 3705 email : jseade @ stanford . edu > - resume juan seade . doc

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Subject: fw : aram g . sogomonian norma , this is the resume of aram sogomonian i mentioned to you . i would like to bring him over to talk to kevin presto , george hopley alex huan , seville yaman , tom haliburton , myself . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 10 / 12 / 2000 11 : 02 am - - - - - - - - - - - - - - - - - - - - - - - - - - - " sogomonian , aram " on 10 / 11 / 2000 12 : 03 : 16 pm to : " ' vkamins @ enron . com ' " cc : subject : fw : aram g . sogomonian - aram g 2 . doc

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Subject: tips fyi - us inflation - linked bond i can not replicate the nominal yield and inflation adjected cash flow calculation from bloomberg . so i called the bond analytics group . i got to the point that they admit that they have made mistakes in their calculation , and promised to fix it . once i got the issues settled , there will be a better us inflation model . zimin

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Subject: re : improve communication zimin , i will make sure that you have the opportunity to present your contributions . it makes also sense to ask paulo every time to say a few words . vince zimin lu 06 / 22 / 2000 10 : 06 am to : vince j kaminski / hou / ect @ ect cc : stinson gibner / hou / ect @ ect subject : re : improve communication vince , thanks for your reply . that is what i feel too : vince knows what we are doing , so he does not have to ask us again . in another dimension , i want to make sure that people like paulo get enough incentive to perform . the group meeting , i think , will provide a sense of accomplishment when other members in the group know what we have been through . thanks again for your understanding . zimin vince j kaminski 06 / 21 / 2000 06 : 30 pm to : zimin lu / hou / ect @ ect cc : stinson gibner / hou / ect @ ect subject : re : improve communication zimin , sorry if you get this impression . the real reason is that i treat the lunch meetings as an opportunity to get updates on things that are going on at more remote locations . i interact with each of the members of your group daily and i know what ' s going on . i agree with you , however , that the lunch meetings are not exclusively for my benefit , but also for the benefit of the other members of the group . i shall make sure that you have the opportunity to communicate your contribution to the company . vince zimin lu 06 / 20 / 2000 02 : 47 pm to : vince j kaminski / hou / ect @ ect , stinson gibner / hou / ect @ ect cc : subject : improve communication vince and stinson , the valuation group has accomplished a lot during last six months . the number of projects we are working on is keeping increasing . however , when comes to the staff meeting ( thursday lunch meeting ) , we are often left out for updating our projects . this makes me feel that what we are doing is no longer interesting or worth mentioning . i am hoping that we can get more exposure , despite we are still in the old economy . zimin

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Subject: fw : california electricity crisis : what to do for your reading enjoyment . we should shoot for breakfast on thursday morning feb . 8 th . fyi . the following link will take you to a joint statement about what to do in the california electricity crisis . william w . hogan john f . kennedy school of government harvard university 79 john f . kennedy street cambridge , ma 02138 617 - 495 - 1317 ( o ) 617 - 495 - 1635 ( f ) email : william _ hogan @ harvard . edu web page : www . whogan . com or http : / / ksgwww . harvard . edu / people / whogan

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Subject: re : enron credit modeling discussions hi again , some of you have been kind enough to supply me with information that can be used for the strategic plan ( i am writing for duffie ) . to assist you in gathering further information , it was suggested that i forward a preliminary outline of this strategic plan to your attention . thanks in advance for your assistance , iris table of contents executive summary highlights introduction what is enron credit ? what is the business plan ? what are the products planned ? current status : what we currently trade , how we price . what new models we need to achieve goals . what attempts are being made internally and what external commercial sources are available . swot analysis strengths weakness opportunities threats pricing approach a diagram illustrating how various models are tied together for the overall objective of coming up with final cds and dbs pricing . brief description of each model shown in the diagram . public firm versus private firm what we have as first cut for modeling primarily public firms . our understanding on public versus private firms ' credit risk characteristics , data availability and possible modeling approaches . our proposed approach / plan towards development of private firm model , including comparative analysis , model development , etc . . portfolio level business feasibility analysis accounting breakeven analysis portfolio theory alternative ( short term ) measures kmv ' private firm model moody ' s riskcalc model for private firms comparison of kmv vs moody ' s private firm model future strategy development of private firm pricing models ( short - and long - tenor modelso completion of parent / subsidiary model risk management model for ect business references

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Subject: off site with john griebling ' s optical network engineers hi shirley , please give me a few dates form end of march to first week in april to do an offsite for vince ' s direct reports ( including myself ) and selected ebs research people . this includes , vince direct report from our research group and the following people from ebs research : ravi , stinson , samer , chinowee . the agenda will include : research people giving several mini presentations on trading , market development ( history of nat gas , electricity , etc . ) , pricing , etc . . . john ' s people will do similar mini presentations on optical network engineering , optical components , provisioning , telecom markets , pricing , etc . . . . if scott yeager can make it , he will do his magic via quick motivational speech on the vision of ebs , etc . . it is will be strictly technical to technical professional meeting to get to know each others group . so , do not include others unles stinson or i look at the additions case - by - case . john suggested scott yeager ' s summar house in denver for this event . please follow this up with scott ' s assistant ( scott may not know about this if john has not told him so you should explain the intend , etc . ) to get in touch with scott . i ' ll cc this e - mail to give scott a heads up . we can do half day friday and all day saturday . or , we can do the whole weekend and people will have an option to bring family to nearby hotel ( family expense in not on ebs ) . we will have to sort all this out when we have a chance to talk to john & scott . i just wanted to get the ball rolling but getting dates and place first . thanks , ravi .

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Subject: re : prospective 6 / 22 houston visit hi professor ronn : i have ordered a flip chart and markers and an overhead projector . there were 11 pages in your presentation and they look fine . we have already made the copies . i believe everything is set - if you think of anything else , please let me know . enjoy your dinner tonight and we will see you tomorrow . regards , shirley crenshaw " ehud i . ronn " on 06 / 21 / 2000 02 : 03 : 03 pm to : shirley . crenshaw @ enron . com cc : subject : re : prospective 6 / 22 houston visit shirley : > please let me know if you need > anything else . there is one additional item i would request : if the room does not contain a blackboard or whiteboard , i would appreciate a flip chart and markers . i am faxing you my presentation handout for tomorrow . i would be grateful if your produced copies in sufficient number for tomorrow ' s 11 : 30 a . m . meeting ; vince advises me the number of attendees will be in the 25 - 30 range . i will also bring along a " master copy " in case the trasmission unduly mangles the fax . thanks , ehud ehud i . ronn department of finance mccombs school of business university of texas at austin austin , tx . 78712 - 1179 voice : ( 512 ) 471 - 5853 fax : ( 512 ) 471 - 5073 internet : eronn @ mail . utexas . edu

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Subject: re : seeking intelligent insight please . my only risk is potnetial embarrassment . thanks , mark vince j kaminski 08 / 22 / 2000 02 : 47 pm to : mark lay / hou / ect @ ect cc : subject : re : seeking intelligent insight mark , i fully agree with you regarding general trends . i see great progress in software applications that facilitate the process and make it almost painless to the end - user . with you permission , i can show the material you sent me to my son , who studies computer science , and ask him for his view . vince

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Subject: strategic management society conference our proposal was accepted . dust off your san francisco shoes . rita mcgrath - the designer of our particular panel - will forward details when they are sent to her by sms

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Subject: check this impotence medication don ' t ignore your impotence problems feeling good is around the corner ! try now http : / / buychepmeds . com best regards , marquis pack phone : 117 - 814 - 4432 mobile : 457 - 817 - 1481 email : zndnioays @ sina . com . hk s ^ t , 0 . p http : / / buychepmeds . com / emover . php

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Subject: re : lsu seminar visit vince , please send a package of article reprints to the attention of joan payne at the following address : joan payne department of finance e . j . ourso college of business administration louisiana state university 2163 ceba baton rouge , la 70803 in your package , please indicate which presentation each reprint is intended for ; i . e . , whether it is for student consumption on thursday afternoon or finance faculty / doctoral student consumption on friday morning . joan can make sure that we get the right number of copies produced for the respective audiences . concerning powerpoints - - just email these files to me and if it is all right with you i will make them available for download by the faculty and students on the class and research seminar webpages . thanks again for being willing to visit lsu and present your knowledge to our faculty and students . sincerely , jim garven at 01 : 39 pm 1 / 18 / 2000 + 0000 , you wrote : > jim , > > i can send you copies of the reprints of some papers i wrote > or co - authored . please , let me know how many copies do you need . > > i shall prepare power point presentations for the student meeting > and for the faculty meeting . > > for the students : review of my group ( things we work on ) with an intention > of generating some interest among the students and soliciting resumes . > > for the faculty meeting : challenges that energy markets pose to financial > modeling . > i shall be able to e - mail the power point presentations later this month . > > vince > > > > > > jim garven on 01 / 17 / 2000 04 : 00 : 25 pm > > to : vince j kaminski / hou / ect @ ect > cc : > subject : re : lsu seminar visit > > > > dear vince , > > would you mind emailing to me a short biography / vita sometime when you get > a chance ? also , if you have a paper to circulate or any powerpoint slides > that you ' ll want to use either in your presentations to my students > thursday afternoon , 2 / 3 , or to the faculty seminar on friday morning , 2 / 4 , > please email these to me . this would be greatly appreciated . > > my colleagues and i are looking forward to your visit on feb . 3 - 4 to lsu . > > sincerely , > > jim garven > > > james r . garven > william h . wright , jr . endowed chair for financial services > department of finance > 2158 ceba > e . j . ourso college of business administration > louisiana state university > baton rouge , la 70803 - 6308 > > voice ( 225 ) 388 - 0477 | fax : ( 800 ) 859 - 6361 > > e - mail : jgarven @ lsu . edu > home page : http : / / garven . lsu . edu > vita : http : / / garven . lsu . edu / dossier . html > research paper archive : http : / / garven . lsu . edu / research . html james r . garven william h . wright , jr . endowed chair for financial services department of finance 2158 ceba e . j . ourso college of business administration louisiana state university baton rouge , la 70803 - 6308 voice ( 225 ) 388 - 0477 | fax : ( 800 ) 859 - 6361 e - mail : jgarven @ lsu . edu home page : http : / / garven . lsu . edu vita : http : / / garven . lsu . edu / dossier . html research paper archive : http : / / garven . lsu . edu / research . html - attl . htm

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Subject: re : fw : wharton resume submission - summer intern let ' s make sure she gets an offer . thanks . jeff vince j kaminski 01 / 23 / 2001 01 : 23 pm to : kristin gandy / na / enron @ enron cc : jeffrey a shankman / hou / ect @ ect , vince j kaminski / hou / ect @ ect subject : fw : wharton resume submission - summer intern kristin . kim is a member of the tiger team . she is interested in a summer internship with enron and i shall be glad to take her . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 23 / 2001 01 : 24 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " kim whitsel " on 01 / 22 / 2001 12 : 07 : 35 am to : , cc : subject : fw : wharton resume submission - - - - - original message - - - - - from : kim whitsel [ mailto : kimberly . whitsel . wgo 2 @ wharton . upenn . edu ] sent : friday , december 22 , 2000 6 : 51 pm to : kristin . gandy @ enron . com subject : wharton resume submission summer position under wharton schedule # 1823 - kim whitsel - enron cover letter . doc - kim whitsel - wharton 2 resume . doc

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Subject: re : alpbacher finanzsymposium 2000 - invitation for a speech on " weatherderivatives " dear mr . enthofer , i regret to decline your kind invitation to speak at the alpbacher finanzsymposium . i have another engagement in the beginning of october in paris . vince kaminski finance trainer on 05 / 30 / 2000 08 : 02 : 42 am to : " ' vkamins @ enron . com ' " cc : subject : alpbacher finanzsymposium 2000 - invitation for a speech on " weatherderivatives " dear mr . kaminski ! we are the organizer of the alpbacher finanzsymposium which is a top event for austrian corporate and banking executives every year and takes place in the mountains of tirol from 4 th to 6 th of october 2000 . it hosts approximately 500 participants . this year ` s topic is " balance sheet protection " . we kindly ask you , if you are interested in presenting " your latest research into the application of weather risk management techniques " at the symposium . date and location : friday , october 6 th 2000 , 9 . 30 a . m . alpbach - tirol , congress centrum . we would highly appreciate to welcome you in alpbach in october - please give us notice as soon as possible . we will come back to you with organizational details . yours sincerely hannes enthofer hannes enthofer finance trainer international gmbh am hundsturm 11 a - 1050 wien tel : + 431 5455277 - 0 fax : + 431 5455277 - 20 e - mail : enthofer @ financetrainer . com web : www . financetrainer . com

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Subject: 1997 risk paper on pricing of electricity derivatives hello vince , my name is bernard murphy - i received your e - mail address from les clewlow , who was my phd supervisor at the financia options research centre at warwick business school . i ' ve just finished my phd on electricity price jump diffusions : a theoretical and empirical study in incomplete markets - hence my interest in electricity price modelling and derivative pricing . i was looking to get hold of a copy of your 1997 paper , which has recently come to my attention : " the challenge of pricing & risk - managing electricity derivatives " , the us power market , risk publications , pp . 149 - 171 . and les suggested that i contact you directly ( les is travelling at present and doesn ' t have an electronic copy available ) to request an e - copy . incidentally , i am lecturer in finance / financial mathematics at university of limerick ( ireland ) and have taken a year out to work for caminus uk , where i am working on introducing and developing a markets - based approach ( spark - spread ) to real asset valuations in the uk power industry . thanks in advancve bernard murphy

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Subject: re : hello molly , kim watson would like us to bring jacob for another interview . we can do it later this week . vince vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 05 / 01 / 2001 02 : 22 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : kimberly watson / enron @ enronxgate on 05 / 01 / 2001 09 : 17 am to : vince j kaminski / hou / ect @ ect cc : subject : re : hello hi vince , if you are still interested in bringing back this gentleman back for another interview , i would very much like to meet with him . sean talked with him when you brought him in a few weeks ago and he thought it would be a good idea for me to meet with him so we can compare thoughts . thanks , kim . - - - - - original message - - - - - from : kaminski , vince sent : monday , april 16 , 2001 1 : 21 pm to : watson , kimberly cc : krishnarao , pinnamaneni ; kaminski , vince subject : re : hello kim , this is a letter from one of the job applicants who works for pros . it seems that the system they develop for williams is more a scheduling system . would you like to ask him to come back for another interview , to get more information out of him ? vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 16 / 2001 01 : 18 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " jacob y . kang " on 04 / 11 / 2001 11 : 18 : 44 pm to : vince . j . kaminski @ enron . com cc : subject : re : hello dear vince : it was so nice meeting and talking with you too . i did not take any pen back , i lost my pen too somewhere in enron . as i mentioned to you , after i got my ph . d in 1999 , i have been working two years as lead scientist and science manager in energy division at pros revenue management inc . in houston . i developed and implemented the mathematical models for trading optimization system and firm transportation optimization system . the trading optimization system becomes the most popular product in the industry this year . duke energy just signed the contract to buy this product yesterday . conoco and williams also signed the contracts for it . according to pros sales department , the potential marketer to buy this product exceeds 15 companies in one or two years . enron is the ideal place for me to continue my research and system developing efforts to combine revenue management with risk management . i am confident that i can make significant contributions to enron in this area . i would like to thank you again for giving me this opportunity to come to enron for this interview . i am looking forward to having the opportunity to work in enron . sincerely yours jacob - - - vince . j . kaminski @ enron . com wrote : > jacob , > > it was nice meeting you . did take by any chance > my pen ? if not , i apologize . > > vince > do you yahoo ! ? get email at your own domain with yahoo ! mail . http : / / personal . mail . yahoo . com /

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Subject: pac reminder last month you received an email about enrolling in the enron pac . the response has been positive . thank you to those of you that have already enrolled or made a change to your current contribution ! if you have not had an opportunity to visit the enrollment site , please consider taking a moment to do so . the link to the website is at the end of this message . some of you may have experienced problems launching the site or enrolling . we apologize for any trouble that you may have had . the enrollment works best in either internet explorer or netscape . the most frequent problems were a result of the lotus notes web browser that many employees have installed as a default browser . if this is your case , please copy and paste the link at the end of this message into either internet explorer or netscape . as a reminder - following is the original message regarding the pac enrollment : last year the enron political action committee ( pac ) launched a campaign to become a " million dollar pac " . enron employees , who provide all of the funding for the pac , responded and the enron pac reached its objective , becoming one of the largest corporate pacs . this year we face a new challenge . with the sale of eog , the announced sale of pge and normal employee turnover , we have lost a significant number of consistent contributors . we are seeking your support . if you are not a member , please join . if you are a member , we hope you will consider increasing your contribution . the enron pac is an essential tool in our effort to promote sound public policy . our pac funds support local , state and federal candidates , of both parties , who support open markets , deregulation and customer choice . amounts contributed may be used to make political contributions in connection with federal and state elections and are subject to the limits of the federal election campaign act . while our pac has grown thanks to our employee contributions , it still generates just a fraction of the expenditures of those who oppose these ideals . this year , as always , we face challenges and opportunities for every one of our businesses , including such issues as taxation and regulation of e - commerce , electric industry restructuring , regulation of derivatives , international trade and investment legislation , pipeline safety , local and state decisions affecting the siting and interconnection of power plants and a variety of environmental and tax issues . enron has a long and successful track record of supporting and advancing good public policy . that track record depends on access to and regular communication with , decision makers . the pac provides that access - - it shows policy makers that real voters care about what they are doing . one of the best things about enron is that we don
, t just take things as they are . we challenge the status quo . we ask why . we change things . the pac helps us do that . we need you to help the pac . sign up today
) and please consider the following contribution guidelines : manager $ 500 / year director $ 750 / year sr . director / general manager $ 1 , 000 / year vice president $ 2 , 500 / year sr . vp / managing director $ 3 , 500 / year executive committee $ 5 , 000 / year all contributions are voluntary and these guidelines are merely suggestions . you are free to contribute more or less than the guidelines suggested and enron will not favor or disadvantage anyone by reason of the amount of their contribution or their decision not to contribute . you may refuse to contribute without fear of reprisal . only u . s . citizens and resident - aliens living in the u . s . can contribute to the enron pac . amounts contributed may be used to make contributions in connection with federal and state elections and are subject to the limitations of the federal election campaign act . the maximum contribution is $ 5 , 000 per year per individual . an individual may not contribute more than $ 25 , 000 to all federal candidates and committees within a calendar year . the law requires that enron report name , address , employer and occupation for every person who contributes over $ 200 / year . no portion of any contribution is deductible as a charitable contribution for federal income tax purposes . thanks for your support ! sign up now , or revise your current contribution level by connecting with the pac intranet site : http : / / pacmembers . enron . com

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Subject: super saturday changes the recruiting season has officially begun . the first super saturday weekend is the weekend of october 27 th and 28 th . we have undergone a rigorous interview process on campus , which will allow us to focus on
however , we are still in need of interviewers for each of the super saturdays . please respond with your willingness to interview at : http : / / axis . enron . com / notice / ssinvite . asp ( when selecting dates please avoid selecting to interview candidates who attend the schools for which you are a team member ) . we thank you in advance for your participation and support of the program .

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Subject: re : rotation information martin , i am working right here with jim irvine and discussed your rotation . you will report to me , with ' client ' reporting role to jim where you will do most of the work . you will remain in houston working on the 19 th floor for now until we find you a place on either 44 th or 45 th . jim irvine will be asking john griebling for network planning office space in houston . you will get an office in that area . jim will work from portland but will hold an office in houston . until the office space on ebs floors happens , you need to remain on the 19 th . we will allocate you to jim ' s & john griebling ' s group full time . you will have ebs computers , cell phone , etc . to be fully connected on the ebs side . you will work initially on the trffic engineering side to support day - to - day fire - fighting like analysis . i will supervise you with repect to guidance on what to do etc . . . jim will direct what will get done . both jim and i will support traffic engineering work but jim is ultimately responsible for deliverables . our technical operational research specialists ( samer , chonawee , and two others from stanford & mit ) will focus on next generation algorithms for ebs . such an algorithm is currently being specified . this will depend on how the trading market will develop . we know that existing off - shelf codes won ' t be sufficient . the development period for these algorithms will anywhere from 3 months to 9 months depending on the complexity . this is in - line with when ebs anticipates trade volumes to really pickup . i hope this helps . regards , ravi . martin . lin @ enron . com 02 / 23 / 00 02 : 06 pm to : ravi thuraisingham / enron communications @ enron communications cc : subject : rotation information ravi , the associate program has a procedure that requires information on new rotations . i just wanted to clarify some details of my rotation to ebs , esp given the retained ties to research . will jim irvine be my supervisor with ebs being the company billed for my time ? that is , will my connection to research be informal and understood , rather than having some actual reporting function ? this is with respect to the a / a pool . thanks , martin

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Subject: vacation vince : i would like to take a day of vacation next friday , october 6 th if it ok . anita will be here . thanks ! shirley

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Subject: default rates please see below for my note to jeremy at the bottom and his reponse . i have placed mark ruane ' s yields against a mid november default frequency table . note there may be a slight shearing in dates , but the concept is more important : market implied cumulative default rates ( % ) : 1 year 5 year 10 year aaa 0 . 51 5 . 74 14 . 54 aa 0 . 67 6 . 39 16 . 61 a 0 . 98 8 . 98 21 . 03 bbb 1 . 17 9 . 88 22 . 39 bb 3 . 27 18 . 62 37 . 51 b 4 . 65 24 . 21 46 . 27 s & p historical default rates ( % ) : 1 year 5 year 10 year aaa 0 . 00 0 . 13 0 . 67 aa 0 . 01 0 . 33 0 . 90 a 0 . 04 0 . 47 1 . 48 bbb 0 . 21 1 . 81 3 . 63 bb 0 . 91 8 . 82 14 . 42 b 5 . 16 20 . 95 27 . 13 in looking at the one - year transition rates as a very rough proxy for how many more defaults occur in a recession ( 1991 ) versus average ( 1981 - 1999 ) historical default rates ( % ) : investment grade non - investment grade avg . 1981 - 99 0 . 07 4 . 21 1991 0 . 12 10 . 40 multiple 1 . 7 x 2 . 5 x looking at where the market implied default rates divided by the historicals default rates to obtain a " multiple " ( how much more severe than historical ) : 1 year 5 year 10 year aaa infinite 44 . 2 x 21 . 7 x aa 67 . 0 x 19 . 4 x 18 . 5 x a 24 . 5 x 19 . 1 x 14 . 2 x bbb 5 . 6 x 5 . 5 x 6 . 2 x bb 3 . 6 x 2 . 1 x 2 . 6 x b 1 . 1 x 1 . 2 x 1 . 7 x on the 10 year historical figures , we need to be careful as the s & p static pool figures show a definite seasoning ( lower defaults in late years probably due to prepayment ) versus our contracts . secondly , the s & p figures have withdrawn ratings , which usually mean they are stale , but loosing some information content . i will ask emy to set up a meeting to discuss further . - - - - - - - - - - - - - - - - - - - - - - forwarded by michael tribolet / corp / enron on 12 / 11 / 2000 07 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : jeremy blachman @ ees on 12 / 10 / 2000 07 : 21 am to : michael tribolet / corp / enron @ enron cc : subject : default rates thanks . i would strongly suggest an offsite sooner than later with a handful of the right people so that we can step back and design the right architecture for looking at credit in our deals . it is broken , not clear , killing our velocity and true capabilities . we also need to look at staffing , skills sets , the credit reserve model etc . perhaps you should take a crack at an agenda . - - - - - - - - - - - - - - - - - - - - - - forwarded by jeremy blachman / hou / ees on 12 / 10 / 2000 07 : 08 am - - - - - - - - - - - - - - - - - - - - - - - - - - - michael tribolet @ enron 12 / 09 / 2000 03 : 51 pm to : jeremy blachman / hou / ees @ ees cc : subject : default rates i visited with vince kaminski for about 20 minutes today regarding the market implied defaults rates and the disconnect in investment grade land . he is seeing the same anomaly and agreed that we as a company need to revisit the methodology employed in calculating the implied figures . i will follow through and report back .

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Subject: re : possible summer internship with enron hello ainsley : we are so glad you are interested ! i spoke with vince kaminski and the procedure is to usually conduct a telephone interview first . this will let us know exactly where your interests are and establish where you might fit within our organization . please let me know your availability and the best time to reach you on thursday ( the 25 th ) or friday ( the 26 th ) afternoon from 1 : 00 pm to 5 : 00 pm . also please let me have the telephone number where you may reached and we will call you . it is easier that way since there will be several of us involved in the interview . the interview will usually last an hour or an hour and a half . thank you ainsley ! sincerely , shirley crenshaw 713 - 853 - 5290 " ainsley gaddis " on 05 / 23 / 2000 07 : 21 : 43 pm to : " shirley crenshaw " cc : subject : re : possible summer internship with enron hello ms . crenshaw , thank you so much for getting back to me so quickly . i am very interested in meeting with mr . kaminski and the research group . i am available to come into the office any time wednesday , thursday or friday . please let me know what time is most convenient for you . i look forward to hearing from you soon ! sincerely , ainsley gaddis

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Subject: garp 2001 convention dear garp 2001 speaker ? the program for the garp 2001 convention is nearly printed and i will be sending you a few copies of the program in the next few days . in the meantime , you can find the program on our web site at www . garp . com ? in addition , i am writing to inquire whether your organisation can establish a web link to our program through your organisations ' web site . below is the information that is of most importance and that i would like included : ? garp 2001 - 2 nd annual risk ? management convention & exhibition , february 12 th to 15 th february , 2001 , ? new york . for full program details please visit www . garp . com or contact garp on tel . + 44 ( 0 ) 20 ? 7626 9300 . of course , you could highlight your participation at this event , which will include a two - day convention with pre and post convention workshops and an asset management forum that will include over 80 senior financial and risk management professionals . i have also attached a small logo that could be used as a link to the garp web site . can i please have the web address should you , or your colleagues manage to establish a web link to the convention . if you also feel that there are any important web sites that this convention should be posted on , then i would appreciate it if you could pass on this information . ? just to keep you informed , already , within a week of the web site going ' live ' , there have been about a dozen bookings and numerous inquiries . this is a very good sign that garp 2001 will be a great success and will out - do garp 2000 . ? of course , if you have any questions or queries , please do not hesitate to contact me . i thank you in advance for your co - operation and i look forward to meeting you in new york in february . ? kind regards ? andreas _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ andreas simou garp 2001 - conference producer tel ? + 44 ( 0 ) 20 7626 9301 fax + 44 ( 0 ) 20 7626 9900 - garp 2001 . gif

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Subject: re : interview with the enron research group you are quite welcome kin . we wish you the best in reaching your career goals and we look forward to hearing from you in the future . regards , shirley crenshaw administrative coordinator enron research group " kin tso " on 11 / 01 / 2000 12 : 52 : 02 pm to : cc : subject : re : interview with the enron research group dear shirley , thank you so much for your email . after carefully considering my career goals , i feel the associate program with a rotation in the enron research group is a better fit . i am really interested in enron and i would try to contact your colleagues in the associate program about this issue before i schedule an interview with the enron research group . i truly apologize for the inconvenience caused and i want to thank you again for your kind assistance . regards , kin tso 512 - 619 - 5323 - - - - - original message - - - - - from : shirley . crenshaw @ enron . com sent : tue 10 / 31 / 2000 12 : 16 pm to : kin tso cc : vince . j . kaminski @ enron . com ; stinson . gibner @ enron . com ; zimin . lu @ enron . com ; tanya . tamarchenko @ enron . com ; molly . magee @ enron . com subject : interview with the enron research group good morning kin : your resume was forwarded to the research group with enron north america and they would like you to come in for an informal interview sometime next week . the following dates and times are available within our group . please let us know if either of these two dates fit your schedule . monday , november 6 th : 8 : 00 am to 11 : 30 am friday , november 10 th : 8 : 00 am to 11 : 30 am since we prefer these interviews to begin at 8 : 00 am , it would probably be best if you came the night before , spent the night at a hotel downtown and then were able to be at the enron bldg by 8 : 00 am . please let me know if this is what you would like to do and we will make the hotel reservation . i look forward to hearing from you . best regards , shirley crenshaw administrative coordinator enron research group 713 - 853 - 5290 - winmail . dat

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Subject: claim your free home depot gift card - a $ 1000 value . claim your home depot gift card - a $ 1000 value . were sure you can find a use for this gift card in your area . ( ) . by exclusiverewards qprkelmv

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Subject: re : recent hardware repair joe , we are extremely pleased with the support we receive from your team . the problem was fixed very quickly . vince from : joe langston / enron @ enronxgate on 04 / 27 / 2001 11 : 31 am to : vince j kaminski / hou / ect @ ect cc : subject : recent hardware repair vince , recently the hardware services team performed work on a piece of equipment for you . the technician that performed the work was jd marter , and this is just a follow up to insure that your problem was resolved . it is our goal to provide you with the best service possible , so please feel free to respond to this email if you have any comments that may help us provide you better service in the future . attached you will find a work log detailing what was done to resolve your issue . if you have any questions , or if the problem is not completely resolved please feel free to contact me . thank you , joe langston team lead hardware services office : 713 - 345 - 8883 cell : 713 - 545 - 5912 pager : 877 - 239 - 2794

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Subject: an interesting resume i shall interview this candidate next week ( a very preliminary interview ) to evaluate his potential and determine if he fits enron ' s culture . do you see a need for a person with his skills in your area ( litigation support ) ? vince

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Subject: hello from chicago i wanted to pass this on to you as a group . richard is taking responsibility to ensure we have the appropriate resources to support our transaction business . if you have questions or comments , or need further information regarding the attached , please contact me @ ( 312 ) 357 - 8869 . thanx ! laura - - - - - - - - - - - - - - - - - - - - - - forwarded by laura luce / corp / enron on 01 / 14 / 2000 10 : 06 am - - - - - - - - - - - - - - - - - - - - - - - - - - - richard tomaski 01 / 13 / 2000 07 : 59 pm to : ed mcmichael / hou / ect @ ect , deirdre mccaffrey / hou / ect @ ect , steve jackson / hou / ect @ ect , berney c aucoin / hou / ect @ ect cc : laura luce / corp / enron @ enron , barbara g dillard / corp / enron @ enron , gregg penman / corp / enron @ enron , kevin p radous / corp / enron @ enron , russell e murrell / corp / enron @ enron subject : hello from chicago hey guys , i just wanted to update everybody on what ' s going on up here in chicago . we ' ve finally got our computers hooked up , so we are off and running now . actually , we got quite of few projects going on up here ( yes , these are real projects ) and we are going to need the houston structuring group for support . i don ' t know if you guys are still short - handed and what kind of projects you may already have lined - up , but i wanted list out some of the projects that we are currently working on . gas lrg project - deirde is currently working on this with russell nss storage - sean boyle helped value both their current and new nss . we are currently working on negotiating with people ' s for these , and i expect that there may be additional requests in the future . manlove summer withdraw program - yes this is not a typo . surprise , surprise . . . manlove can do a lot more than we thought . i ' ve talked to deirdre about it and created a simple model , but i would like to better analyze this with your help . capital improvements - we ' ve got people ' s christmas list of capital projects that we are going to help them analyze and seek if any of these make sense . sendout model - we would like to help them better optimize their morning sendout taking into account current market pricing and the enron supply deal . pbr - we are not sure when or if people ' s will file a pbr , but i think that there are a lot of things that we learned during our previous experience that we can do to help them prepare for a competitive marketplace ( ie transport customers tariff restructuring ) pesc - people ' s is looking for assistance in understanding load following and helping them build models to optimize their retail gas effort san juan pricing - evan has been working with the desk to provide indicative pricing with regard to pec hedging out some of their san juan production reserves power power project development - we have several power projects underway and the ctg group ( billy lemmons ) is helping us create necessary models pesc - the retail power stuff lives . i ' ve think that fallon has a new attitude on these deals and enron has committed to help them figure out this market . power plant balancing model - we have in our portfolio and will be offering balancing / storage services for chicago area power projects . we would like to have a model or at least a better understanding to help us with this endeavor . we have resources in chicago dedicated to these projects , as well as the other stuff we ' re trying to do like negotiate contracts and set up the chicago back office function . we plan on adding our own structuring resources ( in chicago or houston ) , but we felt that we ought to start by figuring out what support the houston office will be able to provide . i will be in the office this monday ( jan 17 ) , so i hope to be able to catch up with you and discuss some of these items then . feel free to contact me if you need to before then at 312 . 357 . 8876 or pager 800 . 778 . 0291 . thanks richard

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Subject: re : chicago partners david , i sent a message with information to several different units but no response so far . i think people need a specific need to focus and i shall keep the chicago partners in mind when a relevant project arrives . i shall resend the message with attachments on cp in a few weeks as a reminder . vince vince david _ barr @ enron . net on 03 / 01 / 2000 10 : 15 : 57 am to : vkamins @ enron . com cc : subject : chicago partners vince , hope this finds you well . i am sure you are more than busy but i wanted to see where we stand with feedback regarding me coordinating a potential presentation by chris culp at cp risk management . regards , david

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Subject: new frbny research : 5 / 3 now available at the new york fed ' s research site : " stocks in the household portfolio : a look back at the 1990 s , " by tracy and schneider ( current issues 7 , no . 4 ) " currency orders and exchange - rate dynamics : explaining the success of technical analysis , " by osler ( staff report 125 ) " recent changes in the u . s . business cycle , " by chauvet and potter ( staff report 126 ) u . s . and global economies charts , updated every wednesday in addition , the foreign exchange committee ' s 2000 annual report is now available research home page http : / / www . newyorkfed . org / rmaghome feel free to forward these messages . to unsubscribe , contact listserv @ peach . ease . lsoft . com . in the e - mail , type : signoff frbnyrmagl . for more details : http : / / www . newyorkfed . org / rmaghome / subscribe / subscribe . html . ? this notification service is provided to you free of charge . by subscribing to the service and providing your e - mail address , you agree to waive any claim against the federal reserve bank of new york for any messages that you may receive by reason of your subscription to this service and / or any resultant harm to you and / or your computer from receipt of such messages . ? the federal reserve bank of new york assumes no responsibility for any inaccuracies in any messages you may receive as a result of your subscription to this service .

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Subject: dave d . presentation vince , here it is . i did not include a slide about london . let me know if you think it is needed . stinson

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Subject: video conference scheduling in order to improve the video conferencing services offered to the enron community , the video conference group will be implementing the following procedural changes . these changes will be effective immediately . conference scheduling : please route all video conference requests via email to ' videoconference ' ( one word ) or by phone to 713 - 345 - 8500 ( x 5 - 8500 ) . once room reservations are complete , conferences will be scheduled and confirmation notices sent to the requestor via email . each requestor will receive a confirmation notice the business day preceding scheduled conferences . the following information will be required for all conference requests : requestor name and contact number sites to be included in the conference site contact names along with associated phone numbers date , time and duration of conference company number / rc or cost center of requestor preferred conference rooms ( near - end and far - end ) technical problems : should problems arise during a video conference , call 713 - 345 - 8555 and a technician will be immediately dispatched thanks in advance for your cooperation , video conferencing support

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Subject: reading to children has proven to increase their vocabulary obum * this message was transferred with a trial version of communigate ( tm ) pro * missed all the news this weekend ? were you too busy treating the special moms in your life like the goddesses they are ? well good for you ! now follow the link to see what you may have missed this weekend ! click here to view this important announcement has opened their doors for this awesome offer . just check it out . we send it to you and you may review it for 30 days . no payment upfront and no obligations if you don ' t like it , just send it back and you wont be charged this newsletter is not unsolicited ! the email address has been subscribed and confirmed to our mailing list which means that someone with access to this email account verified the subscription per email . if you would like to stop receiving this newsletter : click here to u n s u b s c r i b e to 48 5 - 13 cl 4 p be transported to the world of middle earth

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Subject: matlab at enron hello vince : i ' m the territory manager for the mathworks , we develop matlab technical software . we ' ve recently developed tools well suited for energy trading industry . enron has used our products in the past , but all of those end - users have left enron . risk management and research groups at southern energy , txu , dynegy , el paso energy , koch , calpine , reliant and others have recently started using our products in the following ways . 1 . create sophisticated option pricing models , risk analysis models , and stress analysis models . creating gui front ends for the end - users . 2 . pull in data from odbc , corba , and sas databases to evaluate . 3 . visualize the results and quantify the solution . 4 . compile these models and distribute these applications to their traders , analysists and managers with no distribution costs . who should i contact at your company to discuss enron ' s situation to see if our can help enron as it has with our other energy customers ? thank you for your time and help . = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = scott wakefield the mathworks , inc . phone : ( 508 ) 647 - 7282 fax : ( 508 ) 647 - 4275 e - mail : swakefield @ mathworks . com http : / / www . mathworks . com = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = matlab news group : news : comp . soft - sys . matlab = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = visit the new mathworks store and buy matlab , simulink and all of our products online http : / / www . mathworks . com / store /

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Subject: research allocations to egm hi becky , vince and i came up with these allocations for all of egm : gary hickerson rate & currency trading 10 . 0 % agriculture trading & origination 27 . 5 % jeff shankman weather 20 % insurance 30 % oil 7 . 5 % coal 2 . 5 % freight 2 . 5 % total 100 %

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Subject: re : pending approval for ibuyit request for wincenty ( vince ) kaminski : eva : remedy 412144 raul , raul , vince kaminiski is requesting acces to the technical view for catalog along with the ibuyit approval role . this is pending your approval . please send your response to sap security . thanks ! shirley crenshaw @ ect 04 / 19 / 2001 03 : 01 pm to : sapsecurity @ enron . com cc : vince j kaminski / hou / ect @ ect subject : ibuyit form attached please find the completed form for vince kaminski , managing director , research group . he will be approving all purchases for cost center 107043 . - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 04 / 19 / 2001 02 : 58 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - from : debbie skinner / enron @ enronxgate on 04 / 19 / 2001 02 : 52 pm to : shirley crenshaw / houston / eott @ eott , shirley crenshaw / hou / ect @ ect cc : subject : ibuyit form hi shirley there were two shirleys , so sending to both isc help desk

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Subject: outstanding opportunities for " premier producers " for a confidential phone interview please complete form submit name : e - mail : phone : city : state : area of interest : full - time agent sales manager general agent cpa partner independent agent we don ' t want anybody to receive or mailing who does not wish to receive them . this is professional communication sent to insurance professionals . to be removed from this mailing list , do not reply to this message . instead , go here : http : / / www . insurancemail . net legal notice

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Subject: re : fw : mtg . scheduled frank , regarding simulating power prices in var we might discuss the following items and show some results : 1 . clustering for power : - clustering based on historical prices and correlations from them ; - geographical clustering ; - flexibility in choosing " core curves " ( based on position size ) ; 2 . jump - diffusion process for intramonth and prompt month : - parameter estimation from historical data ( do we want to use it ? ) - working out parameters ( jumps frequency , jump size ) as stress scenarios ; 3 . correlations within a cluster and across clusters . 4 . changing correlations estimations ( using fixed contact ' time series ) . 5 . joint estimation of factors for selected regions . let me know what you think should be in the agenda for this meeting . regards , tanya from : frank hayden / enron @ enronxgate on 04 / 18 / 2001 03 : 43 pm to : tanya tamarchenko / hou / ect @ ect cc : subject : fw : mtg . scheduled if you want , i welcome your help in putting together an agenda . frank - - - - - original message - - - - - from : black , tamara jae sent : wednesday , april 18 , 2001 3 : 32 pm to : presto , kevin ; davis , mark dana ; sturm , fletcher ; herndon , rogers ; gilbert - smith , doug ; white , stacey ; kaminski , vince ; andrews , naveen ; belden , tim ; gorny , vladimir ; davenport , lacrecia cc : hayden , frank subject : mtg . scheduled please mark your calendar for a meeting with : frank hayden reg . value @ risk april 26 th 3 - 4 pm rm 3125 b thanks tjae black x 35800

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Subject: re : book review great job vince . i know people will be knocking themselves over for the book . i know for a fact that the consultants can make a lot of money just ' reselling ' stuff that are in the book ! i know first hand since d & t did that with even the first version . i think the fas 133 article by some out - of - work nuclear engineer was the bomb ! ravi .

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Subject: vince kaminski vince : did you get the below email from jim garven ? would you be able to stay over and speak at the risk management fraternity and perhaps come in a day early and speak to his students ? shirley - - - - - - - - - - - - - - - - - - - - - - forwarded by shirley crenshaw / hou / ect on 12 / 05 / 2000 02 : 08 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - jim garven on 12 / 05 / 2000 02 : 09 : 27 pm to : " shirley crenshaw " cc : subject : vince kaminski dear ms . crenshaw , on november 28 , i sent vince kaminski an email inviting him to visit baylor university ( where i now hold an appointment as professor of finance having resigned from lsu this pas spring ) . ? i have yet to receive a reply from him . ? can you bring this email ( copied below ) to his attention ? thanks , jim garven = = = = = = = = = = = = = = = = = = = = = = = = = = = dear vince , since we last corresponded , i have left lsu and am now professor of finance & insurance at baylor university in waco , tx . my colleague at baylor , john martin , mentioned that you will be coming to campus for a conference on friday , february 23 that he is organizing . i am curious whether your schedule might permit staying over that evening so that we can feature you as our dinner speaker for the chartering ceremony of gamma iota sigma , a national risk management fraternity . for that matter , would you also possibly be available to make any presentations to undergraduate and graduate students on the previous day ( thursday , february 22 ) ? what i have in mind is a presentation similar to the presentations you made last spring to my lsu classes . thank you for your consideration of this request . i am looking forward to seeing you once again . sincerely , jim garven james r . garven , ph . d . professor of finance & insurance department of finance , insurance and real estate hankamer school of business hsb 336 baylor university box 98004 waco , tx ? 76798 voice : ( 254 ) 710 - 6207 fax : ( 603 ) 994 - 6680 e - mail : ? james _ garven @ baylor . edu home page : http : / / garven . baylor . edu vita : http : / / garven . baylor . edu / dossier . html research paper archive : http : / / garven . baylor . edu / research . html

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Subject: grades pam , another term paper : john ganguzza neeraj hingorani grant johnson duane maue rishad patel eric van stone palo yoshiuro grade : a please , confirm . vince

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Subject: enside good morning ! here is the latest draft of your article for the enside newsletter . i have forwarded it to the design team and expect them to send me a layout copy sometime next week . we will be able to make any additional changes then . talk to you next week - have a great weekend ! best regards , kathie

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Subject: re : reminder thanks , so much for your support !

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Subject: new stock : shooting stars stock report a drib is admix vishnu but elegiac what newspaper , eagle not acrimony . when percy conceive , eject whistleable is not viennese custom but a molten spain style arises fujitsu terramycin in episcopate , pullback and grata . would you connallyatalanta ? no , damsel carbonic weasel is depression a buttermilk and tentacle prizewinning .

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Subject: re : tony hamilton chris , e hired tony to support global markets but jeff shankman decided that , given highly specialized nature of his work it makes sense to put him in the research group , with a dotted line to mike roberts who is running our weather group . given that his work will directly and exclusively benefit gm , it makes sense for research to charge his expenses to global markets . we can adjust allocations to reflect his contributions to different sub - units of gm . tony spent the last few weeks in houston training for his position in london with mike roberts . we are very excited about the prospect of working with him . vince chris mahoney 04 / 05 / 2001 03 : 56 am to : tani nath / lon / ect @ ect , mark tawney / enron @ enronxgate , vince j kaminski / hou / ect @ ect cc : scott moncrieff / lon / ect @ ect , pierre aury / lon / ect @ ect , christie marshall / lon / ect @ ect , richard smith / lon / ect @ ect subject : re : tony hamilton tony was hired to work for global markets . think costs should be assigned to vince or mark but if you believe those costs should be for my group let me know . tani nath 05 / 04 / 2001 09 : 33 to : chris mahoney / lon / ect @ ect , scott moncrieff / lon / ect @ ect , pierre aury / lon / ect @ ect cc : christie marshall / lon / ect @ ect , richard smith / lon / ect @ ect subject : tony hamilton i now have tony on one of my rcs ( research ) . i understand he will be doing weather forecasts for some or all of you , and that he has a desk allocated in global . i need to recharge his costs - can someone please advise the right cost centre . many thanks , tani

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Subject: ferc ' s soft price caps : what do they mean ? - cera conference call notification * * * please accept our apologies if you have received this message already * * * we have been experiencing some technical difficulties , and you may have already received this message last week . ? we apologize for any inconvenience this may have caused . - cera webmaster title : ferc ' s soft price caps : what do they mean ? url : 0 . html or 0 . html topic : ferc ' s price caps : what do they mean ? * objectives and methodology outlined by ferc in these orders * implications of this form of price cap on competitive power markets * ferc ' s application of other price cap methodologies in other regions format our speakers will address this topic for 30 minutes , with accompanying graphics presented on the internet , followed by an open question and answer period . speakers john athas , cera associate director , north american electric power mike zenker , cera director , western energy time 4 : 00 p . m . eastern , tuesday , april 10 , 2001 eligibility clients eligible to participate in this conference call are those who subscribe to the cera north american electric power retainer advisory service or the western energy retainer advisory service . to enroll to enroll , please send a fax to kari paakaula at ( 617 ) 497 - 0423 or send an e - mail to kpaakaula @ cera . com before 4 : 00 p . m . , monday , april 9 , 2001 . please include your name , company , and telephone number with your correspondence . to participate to participate in the audio portion of the call , please call in on one of the following numbers approximately 10 - 15 minutes before the call : within the united states : 1 - 800 - 946 - 0713 outside the united states : ( 719 ) 457 - 2642 confirmation code : 713248 title of the call : cera power call to participate in the internet portion of the call ( audio is by telephone ) , log on to the internet approximately 15 - 30 minutes before the presentation to ensure technological compatibility . 1 . point your browser to http : / / www . placeware . com / cc / visioncastconferencing 2 . enter the following information , then click " attend " : * your name * meeting id : w 713248 * meeting key : 713838 3 . access audio for the meeting using the audio information above . system requirements and suggestions * internet connection not reliant on the phone line you will use for the call . * a java - enabled browser , such as microsoft internet explorer 3 . 02 or higher ; netscape navigator 3 . 02 or higher ; or sun hot java ( tm ) * close all desktop applications and disable your screen saver to ensure computer compatibility , complete the internet instructions before the day of the call . a message will appear telling you that your meeting is not ready to start . however , it also informs you about any action that you may need to take to prepare your computer to participate . technical assistance if you experience difficulties during the call , you may signal for technical assistance by pressing * 0 ( star , zero ) on your telephone keypad , once connected to the audio portion of the conference . for more information , please contact kari paakaula via e - mail at kpaakaula @ cera . com or via telephone at ( 617 ) 441 - 1362 . a recording of this call will be available until may 10 , 2001 . to access this recording , please call 1 - 888 - 203 - 1112 ( within the united states ) or 719 ) 457 - 0820 ( outside the united states ) . please use confirmation number 713248 to access the call . * * end * * e - mail category : conference call notification ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? cera knowledge area ( s ) : north american power , western energy , cera ' s spring 2001 roundtable event dates and agendas are now available at http : / / www 20 . cera . com / event to make changes to your cera . com profile go to : forgot your username and password ? go to : http : / / www 20 . cera . com / client / forgot this electronic message and attachments , if any , contain information from cambridge energy research associates , inc . ( cera ) which is confidential and may be privileged . unauthorized disclosure , copying , distribution or use of the contents of this message or any attachments , in whole or in part , is strictly prohibited . terms of use : http : / / www 20 . cera . com / tos questions / comments : webmaster @ cera . com copyright 2001 . cambridge energy research associates

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Subject: upgrade welcome welcome to a community of sellers that have achieved exceptional level of success and positive feedback on ebay ! we invite you to join us as a powerseller if you agree with this rank please register by accesing your account within 24 hours very important ! the registration is active only once . why become a powerseller ? powersellers are ebay top sellers who have sustained a consistent high volume of monthly sales and a high level of total feedback with 98 % positive or better . as such , these sellers rank among the most successful sellers in terms of product sales and customer satisfaction on ebay . we are proud to recognize their contributionsto the success of the ebay community ! when you see this icon next to the member ' s user id , be assured that the member is a qualified powerseller who not only maintains a solid sales record but also a 98 % positive feedback rating based on transactions with other ebay users . you can feel assured that your transaction will go smoothly and that you are dealing with one who has consistently met the requirements established by ebay . about ebay | announcements | security center | policies | site map | help copyright 1995 - 2005 ebay inc . all rights reserved . designated trademarks and brands are the property of their respective owners . use of this web site constitutes acceptance of the ebay user agreement and privacy policy . ebay official time

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Subject: re : job posting vince , thank you very much . i applied for the position yesterday ( via e - mail address ) and mentioned your name in the cover letter . i ' ll keep my fingers crossed . sincerely , helen - - - - - original message - - - - - from : vince . j . kaminski @ enron . com [ mailto : vince . j . kaminski @ enron . com ] sent : wednesday , april 25 , 2001 9 : 42 am to : demianen @ ruf . rice . edu subject : re : job posting helen , fyi . vince - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 25 / 2001 09 : 40 am - - - - - - - - - - - - - - - - - - - - - - - - - - - from : lee ferrell / enron @ enronxgate on 04 / 24 / 2001 06 : 20 pm to : vince j kaminski / hou / ect @ ect cc : subject : re : job posting hi vince , this posting is for my group . thanks for the referral . - - - - - original message - - - - - from : kaminski , vince sent : tuesday , april 24 , 2001 5 : 31 pm to : goodpasture , john ; watson , kimberly ; ferrell , lee ; kaminski , vince cc : krishnarao , pinnamaneni subject : job posting i am teaching a class at rice and one of my very bright students sent her resume in response to this posting . do you know who posted this job ? vince kaminski - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 04 / 24 / 2001 05 : 27 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - ( embedded image moved to file : pico 5601 . pcx ) " helen demianenko " on 04 / 24 / 2001 02 : 11 : 05 pm please respond to to : cc : subject : job posting dear vince , thanks for talking to me this morning about the sr . risk analyst position . here is where you can find the job description for that position : also , i have cut and pasted it down below , just in case . i appreciate your assistance in this matter and will start working on my cover letter right away . i would also like to talk to somebody to get a better feel for the position ( is this really an mba level position and how much of the in - depth learning opportunities for the derivatives market does it entail ? ) sincerely , helen demianenko p . s . i have attached my resume ( one more time ) . sr risk analyst essential functions : primary accountability for managing the ets risk book structure and processes from a pipeline ( front office ) perspective . work within current nng and tw marketing organizations to effectively integrate risk books into daily marketing and structured product activities . provide feedback to management regarding overall and specific risk positions . provide support for consistent and accurate deals entry / reporting for stand alone risk management system . create ad - hoc reports to assist management in risk analysis . responsible for managing and providing enhancements to the capacity books : ? maintain functionality and provide leadership for new functionality from a users perspective . provide support and direction for integration of capacity books and revenue management project . support revenue management team essential requirements : ba / bs in finance or accounting ( mba preferred ) . minimum of two years financial instruments experience . excellent quantitative / analytic and systems skills . knowledge of commodity risk book concepts . understanding of physical natural gas market , interstate transportation and financial derivatives . ability to interface with structuring / marketing groups in order to define business requirements . ability to provide leadership for business and system processes . excellent communication skills with an ability to communicate across organization with varied skill sets and ideas . must be self - motivated with a high level of energy preferred skills : na . special characteristics : this job functions in a team - oriented , fast - paced environment with multiple concurrent assignments and constantly changing priorities . contact : responses will be accepted through may 3 , 2001 . respond to enron corp . , human resources 235 , p o box 3330 , omaha , ne 68103 - 0330 or e - mail : dea . crum @ enron . com as a . doc or . txt attachment . please include this requisition number . job id 0000108729 department risk management & reporti company enron transportation services enron transportation services location houston , tx type posting date 19 - apr - 01 - helen _ d _ resume . doc >

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Subject: extra time - last 5 - 10 times longer hello , did you ejaculate before or within a few minutes of penetration ? premature ejaculation occurs when you ejaculate too quickly and without control . it occurs before or shortly after penetration . premature ejaculation interferes with the sexual pleasure of both you and your partner . it causes feelings of guilt , embarrassment , frustration , and depression . extra - time is the only male sexual performance formula that , not only stops premature ejaculation , but actually " cures " it . extra - time is the only product that allows " you " to control when you ejaculate . - non - hormonal herbal therapy . - acts locally on the sex organs . - regulates process of ejaculation . - acts through neuro - endocrine pathway . - acts on the high centers of emotion in the brain . look here : http : / / tabboulehs . net / et / ? meds no thanks : http : / / tabboulehs . net / rr . php

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Subject: save your money buy getting this thing here you have not tried cialls yet ? than you cannot even imagine what it is like to be a real man in bed ! the thing is that a great errrectlon is provided for you exactly when you want . ciaiis has a iot of advantaqes over viagra - the effect iasts 36 hours ! - you are ready to start within just 10 minutes ! - you can mix it with aicohol ! we ship to any country ! get it riqht now ! .

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Subject: chapter hi vince , ? how are things with you ? well i hope . do you have the latest version of your part of chapter 3 ? ( i think grant has sent thru a seperate , updated version to you , which has been typeset ) . everything else has been tied up and we will go with the version we have , unless we hear otherwise . ? many thanks and best regards . ? chris . ?

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Subject: component var tanya , some stability tests were performed on the simulation . ( 1 ) the window size of the averaging in the simulation was changed from 10 to 20 for ng - price ( the biggest book in gas ) for effective date june - 28 . as you can see in the file 28 ng - price _ windowsize , the component var numbers are very similar . ( 2 ) to look at a calculational comparison , i looked at the storage - prc book ( which has no gamma position ) for effective date of 27 th and ( a ) calculated ffvols , and ( b ) calculated the riskmetrics var ( the correlations are very high across the term structure ) and compared to the component var code calculation , and again the two nubers are comparable , given the different modes of calculation . naveen

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Subject: accounting organizational changes in order to support enron
, s development of new business and desire to maximize its return on invested capital ; the following organizational changes are taking place . the current accounting groups supporting calme , apachi and south america activities will be consolidated into one accounting group at enron corp . this group will continue to provide accounting support to these international regions and related enron corp initiatives . jeff sommers , currently calme vice president and cao will head this accounting group . cassandra schultz , currently apachi vice president and cao will join rick buy
, s risk assessment and control organization as a vice president in market risk management . kent castleman , currently south america vice president and cao will become vice president and cao of enron industrial markets . please join us in congratulating everyone in their new assignments .

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Subject: alliance info alert = = special announcements = = on january 2 , ferc filed a response in opposition to the emergency petition southern california edison filed december 26 for a writ of mandamus against ferc in the u . s . court of appeals for the district of columbia . edison has asked the court to direct ferc to fix by order just and reasonable cost - based rates for the ca iso and cal px markets . on december 22 , ferc issued an order regarding remedies for the california wholesale market that included the requirement of a technical conference on the development of market monitoring procedures . this conference has been scheduled for january 23 , 2001 at ferc . elo 0 - 95 - 000 et . al . = = recent ferc filings = = ( 1 ) rto developments * central illinois light co . , cinergy corp . , hoosier energy r . e . c . , southern illinois power coop . , southern indiana gas and ( 2 ) a request that the commission authorize a designated transmission owner having commission jurisdictional rates and charges to recover , through its commission jurisdictional transmission service rates and charges , the costs incurred by the designated transmission owner as a result of its withdrawal from the midwest iso . erol - 731 - 000 . comments due by january 11 , 2001 . * nyiso filed a status report on governance issues in compliance with docket nos . er 97 - 1523 - 005 , er 97 - 1523 - 006 , oa 97 - 470 - 006 , er 97 - 4234 - 004 and ec 99 - 31 - 001 . comments due by january 10 , 2001 . * after a request filed by numerous entities , an extension of time to file comments and protests to grid florida ' s december 15 , 2000 supplemental order no . 2000 compliance filing has been granted . comments will be due by january 30 , 2001 . rtol - 67 - 000 . * cal px filed its tariff amendment no . 21 regarding the tracking of changes in the method proposed by the ca iso for allocating its grid management charge . erol - 719 - 000 . comments due by january 9 , 2001 . * nyiso filed for a waiver for certain oasis requirements . elol - 24 - 000 . filed december 22 , 2000 . * oklahoma municipal power authority filed an answer to american electric power co . ' s request to defer its application to transfer operational control of its transmission facilities located in the spp . ec 98 - 40 - 000 . filed december 26 , 2000 . * nepool participants committee filed an answer and iso ne filed a supplement to its motion to intervene regarding protests to nepool ' s revised market rules regarding support implementation of electronic dispatch ( rule 3 ) , uplift payments at low operating limits ( rule 5 ) , and installed capacity responsibility ( rule 11 ) as well as a revised implementation date for electronic dispatch . erol - 493 - 000 . filed december 27 , 2000 . * keyspan - ravenswood filed comments in support of nyiso ' s request to moot its compliance filing . ero 0 - 3591 - 000 , 001 and 004 and ero 0 - 1969 - 005 . filed december 22 , 2000 . * maine public utilities commission , the maine public advocate and the industrial energy consumers group filed a request for rehearing or an emergency stay of the commission ' s december 15 , 2000 order directing iso ne to implement an icap deficiency charge of $ 8 . 75 / kw / m retroactive to august 1 , 2000 . elo 0 - 62 - 015 . filed december 22 , 2000 . * miso filed an answer to several protests regarding its oatt in dockets erol - 479 - 000 and er 97 - 1438 - 007 . filed december 27 , 2000 . * pjm filed changes to its oatt to limit the amount of transmission congestion credits an entity that acquires a fixed transmission right ( ftr ) through the ftr auction may receive if it enters increment bids or decrement bids in the day - ahead market that result in an increase of transmission congestion charges at or near the receipt or delivery point of the ftr . erol - 773 - 000 . filed december 22 , 2000 . ( 2 ) oatt / transmission * commonwealth edison filed a revised attachment k to its oatt in compliance with the commission ' s december 8 , 2000 order . erol - 99 - 001 . comments due by january 10 , 2001 . * american transmission company filed their standards of conduct to be effective january 1 , 2001 . erol - 702 - 000 . comments due by january 9 , 2001 . * indianapolis power & light filed its first amendment to the interconnection , operation and maintenance agreement between itself and dte georgetown . erol - 718 - 000 . comments due by january 9 , 2001 . * pjm filed an executed interconnection agreement between itself and bethlehem steel corp . erol - 756 - 000 . comments due by january 12 , 2001 . * arizona electric power coop . filed a request for rehearing regarding the commission ' s order determining that standard offer scheduling coordinators should be subject to the same energy imbalance charges as competitive offer scheduling coordinators . ero 0 - 3583 - 001 , erol - 173 - 001 and erol - 208 - 001 . filed december 26 , 2000 . * american electric power service filed an executed interconnection and operation agreement between indiana michigan power company and duke energy desoto . erol - 720 - 000 . comments due january 11 , 2001 . * illinois power co . filed an interconnection agreement between itself and dynegy midwest generation . erol - 712 - 000 . comments due january 11 , 2001 . * american electric power service corp . filed an executed interconnection and operation agreement between indiana michigan power co . and pseg lawrenceburg energy co . erol - 721 - 000 . comments due by january 11 , 2001 . * utilicorp filed amendments to the oatts for its missouri public service , westplains energy - kansas , westplains energy - colorado and st . joseph power & light operating divisions in order to avoid customers from having to pay multiple transmission charges . erol - 723 - 000 . comments due by january 12 , 2001 . * the american electric power service corp . filed an interconnection and operation agreement between kentucky power co . and riverside generating co . erol - 741 - 000 . comments due january 12 , 2001 . * the cleveland electric illuminating co . , ohio edison co . , pennsylvania power co . and the toledo edison co . ( first energy ) filed a modified proposal to offer ancillary services and interconnected operations services on a non - discriminatory basis . ero 0 - 3771 - 002 . filed december 21 , 2000 . ( 3 ) market complaints * dynegy power marketing , el segundo power , long beach generation and cabrillo i and ii filed a complaint against the ca iso requesting that the commission direct the iso to cease making out - of - market ( oom ) dispatch orders on its units in non - emergency situations , require the iso to negotiate compensatory rates for oom dispatch orders , file for third payment options that generators subject to a participating generator agreement could elect as compensation for oom dispatch orders and other relief . elol - 23 - 000 . comments due january 11 , 2001 . * southern california water co . d / b / a bear valley electric service filed a complaint against southern california edison ( edison ) alleging that edison as seeking to unlawfully terminate the added facilities agreement between the two . elol - 25 - 000 . comments due january 18 , 2001 . * cheyenne light , fuel & power co . filed a complaint against pacificorp regarding a notice of termination filed on december 26 , 2000 of a power sales agreement under which pacificorp provides cheyenne full capacity and energy requirements . elol - 21 - 000 . filed on december 27 , 2000 . ( 4 ) mergers / corporate restructuring * the montana power co . and northwestern corp . filed an application for authorization of the disposition of certain jurisdictional assets whereby northwestern will purchase montana ' s utility business . ecol - 47 - 000 . comments due january 11 , 2001 . * the montana power co . filed a notice of change of status and a revised statement of policy and standards of conduct to reflect a planned transaction pursuant to which northwestern corp . will purchase the utility business of montana power . er 97 - 449 - 001 . comments due january 11 , 2001 . * mississippi valley gas co . submitted a request for rehearing regarding the commission ' s november 24 , 2000 order authorizing the disposition of jurisdictional facilities involved in the joint application filed by entergy power marketing and koch energy trading . eco 0 - 106 - 001 . filed december 26 , 2000 . ( 5 ) miscellaneous * midwest iso submitted an application seeking authorization to issue long - term senior notes in an amount not to exceed $ 100 million . esol - 13 - 000 . comments due january 12 , 2001 . = = other news = = * atc hits the ground running on jan . 1 * utilicorp completes $ 190 million merger with st . joseph light & power - fercfilingsol 0102 . pdf

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Subject: reminder - enronanywhere portal project meeting you are scheduled to attend the enronanywhere portal project meeting . when : wednesday , april 18 , 2001 where : eb 50 m dining room time : 12 : 00 - 4 : 00 lunch will be served . thank you in advance for helping us to create one enron . your attendance and participation is certain to make this project a huge success . call me if you have any questions . thanks , marie hejka enronanywhere 3 9698 p . s . note , we decided not to send a pre - workshop assignment . see you there .

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Subject: rick jones ' address 18 pale dawn pl 936 271 3283 look for capstone - off of research . there are other turns but that will get you in the ball park on the map . see you monday !

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Subject: 1 candidate and 2 interns bryan please , take a look at the resume of howard haughton . he looks like an answer to your prayers . it ' s the first attachment . vince p . s . jeff , the headhunter , can be reached at ( 949 ) 813 2241 . please , set up the interview , if interested , through him . - - - - - - - - - - - - - - - - - - - - - - forwarded by vince j kaminski / hou / ect on 01 / 18 / 2001 01 : 57 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - " $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ " on 01 / 12 / 2001 12 : 51 : 59 pm please respond to " $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ " to : vince . j . kaminski @ enron . com cc : molly . magee @ enron . com subject : 1 candidate and 2 interns hi vince and molly . here attached is one candidate who is particularly interested in having his profile sent to vince . . . he is going to be traveling to ny from the uk soon for 2 wks . he specifically asked my partner at robertwalters in the uk to investigate enron through my new relationship with you guys . he would be howard haughton , attached below ( cv ) . the other 2 resumes are my students at the university of michigan . howard lin received a 4 . 0 / 4 . 0 for his last term and will be willing to do whatever it takes to intern at enron for june - aug . i have his picture included as well . the second is sung , they are friends . howy will be done expected in may 2001 and sung in may 2002 . they are my favorite interns and i expect they can be cultivated to the enron culture with no real cost to you ( a " test drive before committal . i have agreed to represent them and shall take ownership , as they become graduate candidates upon their degree completion . i hope these attachment can represent my value and commitment to quality of talent to enron . thank you for your acceptance . best wishes for the weekend . jeff * get free , secure online email at http : / / www . ziplip . com / * - 00343938 alec . doc - sungvince . doc - howardagent 9498132241 . doc - howardlin . gif

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Subject: telephone interview with the enron corp . research group good morning yongcho : the enron corp . research group would like to conduct a telephone interview with you at your convenience . this would be for a full - time position with the research group . please let me know your availability monday , may 1 or thursday , may 4 . the persons who will be interviewing you are : vince kaminski managing director stinson gibner vice president krishna krishnarao director osman sezgen manager i look forward to hearing from you . thank you shirley crenshaw administrative coordinator 713 - 853 - 5290

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Subject: monday ' s newsletter hello vince ! i ' m working with michael sergeev to produce this next issue of the newsletter . do you have a suggestion for the kaminski column on page one ? if so , please tell me what you ' d like to use and i ' ll get it ready either today or monday morning . at some point , when you have a couple of minutes , we should sit down and talk about your philosophy regarding the newsletter and what you would like to see in the future . i ' d like to get a little creative with it once i know your thoughts on this . best regards , sam p . s . - note that i am " william smith " in the lotus notes system . there is also a " will smith " that works in it . we forward each other ' s mail all the time ! : - ) ss

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Subject: option visualization vince and stinson , i did some reserach on the option visualization . here is one of the findings . check this web site , the image looks impressive : http : / / home . online . no / ~ espehaug / virtualworld / virtualoptionworld . html this is done through a free software livegraphics 3 d and mathematica . take a look of the demo on the web site mentioned above to see if it is good enough for our purpose . zimin ps : - - - - - - - - - - - - - - what is livegraphics 3 d ? livegraphics 3 d is a non - commercial java 1 . 1 applet to display and rotate three - dimensional graphics produced by mathematica in html pages . it may be used without charge for any non - commercial purposes . mathematica is a program for symbolic and numeric mathematics by wolfram research , inc . . wolfram research is also responsible for licensing livegraphics 3 d for commercial purposes . livegraphics 3 d enables all mathematica users to put almost any three - dimensional graphics computed by mathematica directly onto a html page , such that everyone with a web browser supporting java 1 . 1 ( e . g . communicator 4 . 0 or internet explorer 4 . 0 or higher ) can view and interactively rotate the graphics without any additional software . additionally livegraphics 3 d is able to show animations , calculate stereo graphics , integrate hyperlinks , and display bitmap backgrounds . 

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Subject: send the love home with an online photo album get cd and downloads , all software under $ 99 - $ 15 nobody will believe in you unless you believe in yourself . nothing feeds upon itself as liberality does .

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Subject: we know our sto - cks pop 3 media corp ( popt ) a company which has positioned itseif in the gap between the major media congiomerates and the universe of independent music , fiim , publishing and technoiogy companies . current price : 0 . 025 will it continue higher ? watch this one monday as we know many of you like momentum . breaking news ! ! pop 3 media corp . ( popt ) and roxxy corporation announced that the companies have entered into a | etter of intent whereby roxxy corporation wil | acquire a 66 % interest in pop 3 ' s wholly owned subsidiary , viastar distribution group , inc . " vdg , " forming a revolutionary new music company , controversia | entertainment corporation . the transaction , consisting of stock and cash , when compieted , wi | | provide pop 3 ' s shareholders with a 33 % stake in the new company . roxxy ' s management wil | operate the company from headquarters in los angeles and will change its corporate name to controversial entertainment corporation in the coming weeks . the companies intend to compiete and execute the definitive agreement by july 8 th , 2 oo 5 , and seek shareholder approva | immediately thereafter . pop 3 ' s ceo , john d . aquiiino , stated , " this ailiance wi | | allow pop 3 to achieve its strategic vision of creating a new paradigm in the music industry . one that is focused on supporting the artist and the music they create while embracing emerging technologies and giving consumers access to a variety of artists through a variety of media . " roxxy ' s management team combines highly experienced industry executives drawn from the major | abeis and also inciudes a staff of in - house producers who are among the most infiuentia | taients in the music industry today . " it is roxxy ' s vision to seize the opportunities afforded by the major labels ' | ack of commitment to their artists and customers ; labeis that cast aside established artists who can no longer generate multi - miilion selling recordings , but who consistentiy reiease albums which sell hundreds of thousands of records to a | arge and loya | fan base ; artists that can easiiy generate revenues between $ 1 and $ 5 million per titie , " stated john shebanow , roxxy ' s ceo . " additionaliy , the acquisition of vdg wi | | provide us with the ability to distribute our own product directly to retail to over 22 , 0 oo retai | location in north america , effectiveiy doubling the company ' s net profit margins and ailowing the increased revenue to pass on to our artists . " mr . shebanow conciuded , " while there are smaller | abels that do provide a home for these acts , they lack either the wi | | or financial resources to commit to the kind of budgets which producers of the caiiber we have on staff require . and no company has the unique combination of great producers , in - house distribution and dedication to the artist and the customer that controversial entertainment wiil possess . " about pop 3 media corp : pop 3 media corp . is engaged in development , production and distribution of entertainment - reiated media for fiim , teievision , music and publishing interests . the company ' s portfoiio currentiy inciudes ownership of viastar distribution group , a . v . o . studios , moving pictures international , viastar records , quadra records , light of the spirit records , and viastar ciassica | , viastar artist management group and masterdisk corporation . conciusion : the examples above show the awesome , earning potentia | of little known companies that explode onto investor ' s radar screens ; many of you are already familiar with this . is popt poised and positioned to do that for you ? then you may fee | the time has come to act . . . and please watch this one trade monday ! go popt . penny stocks are considered highly speculative and may be unsuitable for al | but very aggressive investors . this profile is not in any way affiiiated with the featured company . we were compensated 3 oo 0 doilars to distribute this report . this report is for entertainment and advertising purposes oniy and shouid not be used as investment advice . if you wish to stop future mai | - ings , or if you fee | you have been wrongfu | | y piaced in our membership , send a biank e mail with no thanks in the sub ject to daily _ 7 tip @ yahoo . com

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Subject: re : grades thank you ! ? you have been wonderful to work with this semester . stay in touch and we ' ll see you next year . - pam ( 713 - 348 - 6223 ) at 10 : 33 pm 5 / 4 / 01 - 0400 , vkaminski @ aol . com wrote : pam , the students resent the documents . the group members : rakhi israni felix feng lu winny so orlandotaylor sanjay wankhade ning zhang grade : a separately , i think i have sent you already : jeffrey planck grade : a please , confirm this message . vince kaminski

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Subject: re : follow - up meeting on wharton hi christie : the telephone number in ebl 938 is : 713 / 853 - 3135 . have a safe trip . shirley christie patrick 12 / 12 / 2000 10 : 36 pm to : shirley crenshaw / hou / ect @ ect cc : vince j kaminski / hou / ect @ ect subject : re : follow - up meeting on wharton shirley , unless my flights change , i can call in from my cell phone - - what number shall i dial ? thanks ! - - christie .

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Subject: second chance # 5182 complete credit card processing systems for your business . internet - home based - mail order - phone order do you accept credit cards ? your competition does ! everyone approved - credit problems ok ! approval in less than 24 hours ! increase your sales by 300 % start accepting credit cards on your website ! free information , no risk , 100 % confidential . your name and information will not be sold to third parties ! home businesses ok ! phone / mail order ok ! no application fee , no setup fee ! close more impulse sales ! everyone approved ! good credit or bad ! to apply today , please fill out the express form below . it contains all the information we need to get your account approved . for area ' s that do not apply to you please put n / a in the box . upon receipt , we ' ll fax you with all of the all bank card application documents necessary to establish your merchant account . once returned we can have your account approved within 24 hours . service industry standard us site inspection $ 50 - $ 75 free shipping $ 50 - $ 75 free warranty $ 10 per month free sales receipts $ 10 - $ 50 free fraud screening $ . 50 - $ 1 . 00 per transaction free amex set up $ 50 - $ 75 free 24 hourhelp line $ 10 month free security bond $ 5000 - $ 10 , 000 or more none this is a no obligation qualification form and is your first step to accepting credit cards . by filling out this form you will not enter in to any obligations or contracts with us . we will use it to determine the best program to offer you based on the information you provide . you will be contacted by one of our representatives within 1 - 2 business days to go over the rest of your account set up . note : all information provided to us will remain 100 % confidential ! ! apply free with no risk ! please fill out the express application form completely . incomplete information may prevent us from properly processing your application . your full email address : be sure to use your full address ( i . e . user @ domain . com ) your name : business name : business phone number : home phone number : type of business : retail business mail order business internet based business personal credit rating : excellent good fair poor how soon would you like a merchant account ? your information is confidential , it will not be sold or used for any other purpose , and you are under no obligation . your information will be used solely for the purpose of evaluating your business or website for a merchant account so that you may begin accepting credit card payments . list removal / opt - out option click herem

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Subject: additional resources ben and i have been discussing the possibility of getting more dedicated support from houston on our project . we are wondering what the possibility is of having either amitava or vasant come over for 8 - 12 weeks to help get things jumpstarted on the the credit scoring and modeling front as well as provide some guidance on the clo part of the business and potentially hiring an additional full time resource . if there is any possibility , it would be hugely valuable given the long lead times to get someone from the city in and integrated in addition to the significant cost . let me know your thoughts bs

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Subject: friday off - - - - - - - - - - - - - - - - - - - - - - forwarded by maureen raymond / hou / ect on 05 / 31 / 2000 02 : 57 pm - - - - - - - - - - - - - - - - - - - - - - - - - - - leandro ibasco @ enron 05 / 31 / 2000 09 : 59 am to : shirley crenshaw / hou / ect @ ect , vanessa carranza / corp / enron @ enron cc : vasant shanbhogue / hou / ect @ ect , harry arora / hou / ect @ ect , suresh raghavan / corp / enron @ enron , jeff bartlett / hou / ect @ ect , maureen raymond / hou / ect @ ect subject : friday off hi , please note that i will be taking a vacation day on friday , june 2 to study for the cfa exams . regards , roy

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