Preliminary 6/18/01 Gas Violations ,
 The PRELIMINARY DPR reflects a Maturity Gap Risk violation for Gas Trading in 
the following amount:

 LIMIT:  300 Bcf
 Maturity Gap: (446) Bcf

and a VaR violation for Gas Trading in the following amount:

 LIMIT:  $86.00 Million
 VaR:  $99.75  Million

A final memo will be distributed with an explanation.

Chris Abel
rick.buy@enron.com, louise.kitchen@enron.com, ted.ii@enron.com, 