New Version 8 of the IntercontinentalExchange Is Now Available ! ,
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<title>IntercontinentalExchange is pleased to announce the release of version 8
of the IntercontinentalExchangeTM</title>
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<div class=Section1>

<p class=MsoNormal align=center style='text-align:center;mso-layout-grid-align:
none;text-autospace:none'><b><i><span style='mso-bidi-font-size:10.0pt;
font-family:Arial'>New Version 8 of the IntercontinentalExchange</span></i></b><b><i><sup><span
style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Arial'>TM</span></sup></i></b><b><i><span
style='mso-bidi-font-size:10.0pt;font-family:Arial'> Is Now Available !<o:p></o:p></span></i></b></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>ATTENTION ALL TRADERS. We are
pleased to announce the release of Version 8 of the IntercontinentalExchange</span><sup><span
style='font-size:9.0pt;mso-bidi-font-size:10.0pt;font-family:Arial'>TM</span></sup><span
style='font-size:10.0pt;font-family:Arial'>. This latest version has many
powerful new features including:<o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<ul style='margin-top:0in' type=disc>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>Quick Ticket Order Entry <o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>A Market Maker Window<o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>Options Spreads<o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>Custom Strip Options on WTI and Brent 1<sup>st</sup>
     Line Swaps<o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>Weather Derivatives Products<o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>New Portfolio Management Functions<o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>New Multi-Transaction Printing<o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>Trade Ticker Full Day Summary <o:p></o:p></span></li>
 <li class=MsoNormal style='mso-list:l1 level1 lfo2;tab-stops:list .5in;
     mso-layout-grid-align:none;text-autospace:none'><span style='font-size:
     10.0pt;font-family:Arial'>An Asterisk Marker Option on Derived Legs of
     Spreads<o:p></o:p></span></li>
</ul>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><span style='mso-tab-count:1'>??????????? </span><span
style="mso-spacerun: yes">?</span><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>Version 8 comprises
Intercontinental's latest development initiative to bring better anonymous,
two-way, OTC energy products trading to the electronic marketplace.<o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h3>Installation of Version 8 is Easy <span style='font-size:10.0pt'><o:p></o:p></span></h3>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>Version 8 will be available for
download and installation on your system this evening, Thursday, November 15<sup>th</sup>.
Live trading with Version 8 will begin on November 16<sup>th</sup>. We have
already notified your System Administrators of this new release and provided
them with download and installation instructions. <o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>Version 8 is backward compatible
with version 7.37 and version 7.72. This means you will still be able to run
these older production versions of the IntercontinentalExchange</span><sup><span
style='font-size:8.0pt;mso-bidi-font-size:10.0pt;font-family:Arial'>TM</span></sup><span
style='font-size:10.0pt;font-family:Arial'>, if you choose to do so. However,
since many of the new features, and products like option spreads, custom option
strips and weather swaps are only available on version 8, we suggest that you
contact your system administrator now, to ensure you will be getting all the
benefits that version 8 has to offer as soon as possible. <o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h3>Get the Version 8 Release Notes<span style='font-size:10.0pt'><o:p></o:p></span></h3>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>For more information about the
features and functionality of Version 8, you can download a copy of the Release
Notes from our website. To do this:<o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo3;
tab-stops:list .5in;mso-layout-grid-align:none;text-autospace:none'><![if !supportLists]><span
style='font-size:10.0pt;font-family:Arial'>1)<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span><![endif]><span style='font-size:10.0pt;font-family:Arial'>Go to
the IntercontinentalExchange website at at www.intcx.com and click the
Downloads tab on the Main Menu. <o:p></o:p></span></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo3;
tab-stops:list .5in;mso-layout-grid-align:none;text-autospace:none'><![if !supportLists]><span
style='font-size:10.0pt;font-family:Arial'>2)<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span><![endif]><span style='font-size:10.0pt;font-family:Arial'>When
the login page appears, enter your production ID and Password in the fields
provided <o:p></o:p></span></p>

<p class=MsoNormal style='margin-left:.5in;text-indent:-.25in;mso-list:l0 level1 lfo3;
tab-stops:list .5in;mso-layout-grid-align:none;text-autospace:none'><![if !supportLists]><span
style='font-size:10.0pt;font-family:Arial'>3)<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</span></span><![endif]><span style='font-size:10.0pt;font-family:Arial'>Click
the Release Notes tab on the menu and then click the link for version 8 Release
Notes.<o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h3>Please Contact Us<span style='font-size:10.0pt'><o:p></o:p></span></h3>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>We encourage you to contact one of
our account representatives with any questions, comments, or problems you may
encounter with Version 8. A list of account representatives and contact
information is provided below:<o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='margin-left:.25in'><span style='font-size:10.0pt;
font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h2>New York<span style="mso-spacerun: yes">? </span>(646)-792-2620</h2>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'>Joseph Adevai<o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'>Mike
O?Neill<span style="mso-spacerun: yes">? </span><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'>Chris
D'Ambrosio<o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h2>Houston<span style="mso-spacerun: yes">? </span>(713)-840-6494 </h2>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'>Lance
Leffingwell<o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'>JC Kneale<o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h4 style='page-break-after:avoid'><b><span style='mso-bidi-font-size:10.0pt;
mso-bidi-font-family:Arial'>Chicago<span style="mso-spacerun: yes">?
</span>(312)-674-4915<o:p></o:p></span></b></h4>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h5 style='page-break-after:avoid'><span style='mso-bidi-font-size:10.0pt;
mso-bidi-font-family:Arial'>Bud Hum <o:p></o:p></span></h5>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h5 style='page-break-after:avoid'><b><span style='mso-bidi-font-size:10.0pt;
mso-bidi-font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></b></h5>

<h5 style='page-break-after:avoid'><b><span style='mso-bidi-font-size:10.0pt;
mso-bidi-font-family:Arial'>London<span style="mso-spacerun: yes">?
</span>(44)-207-484-5544<o:p></o:p></span></b></h5>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>Stephanie Trabia<span
style='mso-tab-count:1'>??????????? </span>ext 5546<o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>Alan Newman<span style='mso-tab-count:
2'>??????????????? </span>ext 5548<o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'>David Hewitt<span style='mso-tab-count:
2'>????????????????? </span>ext 5545<o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><span
style="mso-spacerun: yes">?</span><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<h2>Singapore<span style="mso-spacerun: yes">? </span>(011)-65-342-2931</h2>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'>Soo
Molyneux<o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'>Charlotte
Marson<o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal><span style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

<p class=MsoNormal style='mso-layout-grid-align:none;text-autospace:none'><span
style='font-size:10.0pt;font-family:Arial'><![if !supportEmptyParas]>&nbsp;<![endif]><o:p></o:p></span></p>

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jay.reitmeyer@enron.com