Companies and Areas

Andy,

Following is a list of Areas and Companies which was previously circulated among the group. These represent the companies and areas which we felt had the greatest potential.

Since we originally prepared the list, we have started chasing gas Storage companies. Bob and I are meeting with Paul Bieniawski (Enron Storage Origination) on Wednesday to put together the US target list.

We have not yet pursued the Energy companies as we felt the overlap with Enron's core EnronOnline activities would be too strong.

John Cummings is in the process of putting together a pulp and paper list.

The areas which I see as candidates for our primary focus are:

Agriculture
Chemicals
FX
Gas Storage
Pipelines
Pulp and Paper

Would appreciate your thoughts . . .

Dave

Pipelines:

Alliance
CMS
Columbia Gulf
El Paso
Gulf South (Koch)
NGPL
TCPL/Nova
Williams
Westcoast

Agriculture

ADM (Archer Daniels Midland Company)
Bunge International Limited
Cargill Incorporated
ConAgra Inc.
ContiGroup Companies Inc.
ED&F Man Group plc
IBP, Inc.
Louis Dreyfus
Rabobank Group

Chemicals

BASF
Dow Chemical
DuPont
Eastman Chemicals Co
Equistar Chemicals LP
Huntsman Corporation
Marubeni
Sumitomo
Williams

FX/Financials

ABN Amro
Bank of America
Bank One Corporation
Bear Stearns Companies Inc.
BNP Paribus
Citigroup Inc.
Creidt Suisse First Boston
Deutsche Bank
Goldman Sachs
J.P. Morgan Chase & Co.
Lehman Brothers Holding Inc.
Merrill Lynch & Co. Inc.
Morgan Stanley Dean Witter & Co
Rothschild & Sons Limited
Salomon Smith Barney
West LB

Precious Metals
AIG
Bank of Nova Scotia
Barclays
Chase Manhatten
Credit Suisse
Deutsche Bank
HSBC
J Aron
Morgan Guaranty Trust
NM Rothschild
Union Bank of Switzerland

Energy

American Electric Power Comapany
Aquilla Energy
Chevron
Conoco Inc.
Cook Inlet Energy Supply
Duke Energy Corporation
Dynergy Inc.
El Paso Corporation
Equitable Resource Inc.
Exxon Mobil
Nexen Inc,
Occidental Petroleum
Reliant Energy
Sempra Energy
Southern Company
Texaco
Utilicorp United Inc.