RE: ECS Tower Improvements

Jeff -

Thanks for your note. We have in fact placed this work on hold several weeks ago, differing commitments on $28 mill. in tower tenant improvements and corresponding $22.5 mill. in furniture purchases. In addition we have put on hold further construction activity related to the new Data Center - Disaster Recovery project on beltway 8, avoiding another 20 mill. in costs over the coming 10 months.

- Bill

-----Original Message-----
From: McMahon, Jeffrey
Sent: Monday, November 12, 2001 9:03 AM
To: Donovan, Bill; Kean, Steven J.; Fallon, Jim
Subject: ECS Tower Improvements

I have recommended to Greg that we delay the tower improvements until a later date once things clear up a little. Please begin to plan for that accordingly. I will be back to you as soon as I get Greg's approval.

Thanks.

Jeffrey McMahon
___________________________
President and CEO
Enron Industrial Markets
713-853-5359 phone
713-646-5930 fax
jeffrey.mcmahon@enron.com