Enron Mail

From:larry.lawyer@enron.com
To:mike.mcconnell@enron.com, jeffrey.shankman@enron.com
Subject:Project Timber
Cc:
Bcc:
Date:Fri, 18 May 2001 07:42:00 -0700 (PDT)

The project name was changed at the request of Corporate Development as they
are concerned about discovery and a project name which could imply Enron
stuffed EOTT. The following is a current overview we are using to update the
different disciplines involved with the transaction to date. Our
calculations continue to show a net $100MM benefit to EGM with 2Q $62MM due
to Enron's current 38% economic ownership of EOTT. No new updates to
fastrack a sale of the GP.

Regards,

-Larry-