Org. announcement

Greg,=20

FYI, This is a draft org announcement to clarify Jay's and now Alan's role=
. =20
We have discussed this before but I think this is important to send out and=
=20
officially address. It is intentionally very brief and informs people of t=
he=20
new situation. Please let me know if you have any comments, I would like =
to=20
send out this week.

Thanks,
Mike =20

At Enron Net Works, it has become clear that we have a tremendous opportuni=
ty=20
to utilize our unique strengths, skills and new business efforts across an=
=20
entire new set of opportunities being created in the private equity markets=
. =20
Because of this, we have reorganized the Enron Net Works Investments Group=
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with the view to leveraging the group better across strategic opportunities=
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in the eCommerce and technology space, and within Enron.

Effective immediately, Jay Fitzgerald will take responsibility for setting=
=20
ENW=01,s investment strategy and the implementation of that strategy. Repo=
rting=20
to him in this new role will be Steve Horn and the venture investing group.=
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Further, Alan Sommer will be joining Jay=01,s team to focus on developing n=
ew=20
market opportunities, with a focus on working with the various domestic and=
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international Enron business units to develop eCommerce-related businesses=
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and strategies.

Jay will be relocating to New York city and will be working both out of the=
=20
New York and Houston offices in his new role, and can be reached at=20
jay@enron.com or by phone at either (212) 702-3934 or (713) 853-9914.