fw ena clo original message despain tim sent thursday april 19 2001 6 08 pm pjehle bear com cc mintz jordan mccullough travis deffner joseph colwell wes subject ena clo pat pursuant telephone conversations e mail confirm enron desire begin process purchasing outstanding securities associated ena clo trust confirmed april 30 2001 liability due remaining active isda 3 71 million firm conducts discussions investors counsel recommended language used follows disclosed recent monthly reports underlying assets ena clo continued perform expectations given current economic conditions possible assets continue underperform foreseeable future addition enron continues seek maximize recovery portfolio assets difficult predict ultimate recovery expected portfolio assets ultimate recovery noteholders expect know enron responded noteholder concerns providing substantial additional structural support ena clo lieu providing support enron offering purchase outstanding notes april 30 2001 principal balance plus accrued interest enron believes proposal expeditious effective means addressing concerns noteholders noteholders encouraged contact bear stearns comments questions may regarding proposal please let know need additional information sincerely tim despain deputy treasurer