Hess Annuity

FYI - The details below take care of the Hess "sharing arrangement" that we
discussed yesterday. --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/01/2001 10:12 AM
---------------------------

Jeffrey C Gossett
01/31/2001 07:10 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Hess Annuity

FYI....
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 01/31/2001
07:09 PM ---------------------------

Errol McLaughlin@ENRON
01/31/2001 06:52 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Hess Annuity

Jeff,

Deal QN2026.1 (EOL 803898) was booked on 01/24/2001 - Enron Buys 15000/d
Feb. 01 at 6.90. Deal QN2004.1 is a duplicate of this deal. Deal QN5772.1
was booked on 01/25/2001 - Enron Sells 15000/d Feb. 01 at 7.115. The booking
of QN5772.1 generated positive revenue of $90,300. Annuity deal QN2026
paying Hess $45,143 was booked tonight.

Thanks,

Errol