Vessel Freight Presentation

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---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/09/2001
09:15 AM ---------------------------

From: George McClellan 01/08/2001 08:14 AM

To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Vessel Freight Presentation - Banks

Please find attached a copy of the presentation Pierre Aury and Larry Lawyer
will be making to Euro banks this week.
---------------------- Forwarded by George McClellan/HOU/ECT on 01/08/2001
08:12 AM ---------------------------

Enron Capital & Trade Resources Corp. - Europe

From: Pierre Aury 01/08/2001 08:38 AM

To: George McClellan/HOU/ECT@ECT
cc:
Subject: Last call for changes (15:30 GMT)

attached is the latest version of the sale s pitch we will make between
tomorrow morning and thursday to banks . all meetings have been organised by
larry lawyer/simon crowe and the idea is to try to bring on board banks for
proprietary/intermediary trading on eol and for hedging of lending portfolio
in shipping plus a few other bits

pierre
---------------------- Forwarded by Pierre Aury/LON/ECT on 08/01/2001 13:35
---------------------------

Tiffany Cochran
08/01/2001 12:56
To: Simon Crowe/LON/ECT@ECT, Pierre Aury/LON/ECT@ECT, Chris
Connelly/LON/ECT@ECT, Andy James/EU/Enron@Enron, Kristy
Carnes/NA/Enron@ENRON, Larry Lawyer/NA/Enron@Enron
cc:

Subject: Last call for changes (15:30 GMT)

Here is the latest version of the presentation to banks. I have incorporated
the comments I have received so far (although I have deleted a bit on the
shipping slide on the EGM portion because it was duplicative). Because this
needs to be printed/bound by early tomorrow morning, I would ask that all
changes to this presentation be given to me by no later than 3:30 london
time.

The final presentation will have background graphics but i have removed them
for now to enable easier emailing.

Thank you.

-Tiffany