Revised Transaction Approval Process

I couldn't print this out. It was all messed up. Please call try on a
different printer and if it still doesn't work, get a hard copy.
thanks,
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 05/10/2001
04:20 PM ---------------------------
From: David Gorte/ENRON@enronXgate on 05/03/2001 09:27 AM
To: Raymond Bowen/ENRON@enronXgate, Michael Brown/ENRON@enronXgate, David W
Delainey/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES, Andrew S
Fastow/ENRON@enronXgate, Mark Frevert/ENRON@enronXgate, Kevin Hannon/Enron
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON@enronXgate, Louise Kitchen/HOU/ECT@ECT, John J
Lavorato/ENRON@enronXgate, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON@enronXgate, Jeffrey McMahon/ENRON@enronXgate, Lou L
Pai/HOU/EES@EES, Ken Rice/Enron Communications@Enron Communications, Jeffrey
A Shankman/ENRON@enronXgate, John Sherriff/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT
cc: Rick Buy/ENRON@enronXgate
Subject: Revised Transaction Approval Process

Attached is a copy of the revised Transaction Approval Process approved by
the Board of Directors on May 1, 2001. Other than granting approval
authority to certain business unit Chief Operating Officers and having
approval authority reside with specified positions, rather than specified
individuals, all other changes to the previous Transaction Approval Process
are non-substantive.

Please let me know if you have any questions or comments.

Regards,

Dave