Deferred Compensation

A number of you have had a lot of concern about Deferred Compensation that Enron has ceased to pay as a result of the bankruptcy. Maybe we have some good news -- there is a "rumor" out today, in the event you have not heard, from a reliable source, that the Deferred Compensation creditors have moved up from 4th place to a little higher because of the amount of money involved. I have heard that Mike Moran has been placed on the "Creditors Committee." I believe that Mike Moran and Dan Ryser were working together. Part of the rumor indicates that the largest creditors -- primarily the banks -- may buy out the Deferred Compensation creditors "to avoid having to deal with them." That is about all that I have heard at this time, except that the "buyout" may not be 100%.