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Kenneth L. Lay
Chairman and
Chief Executive Officer

Via Facsimile: 713/216-1370
Mary Arnold
The Chase Manhattan Bank
600 Travis Street, 6th Floor
Houston, TX 77002

August 27, 2001

RE: Account # 4004-0045040803

Dear Mary:

Enron Corp.
P.O. Box 1188
Houston, 7X 77251-1188
713-853-6773
Fax 713-853-5313
kenneth.lay@enron.com

  This letter is your authority to transfer 110,041 shares of Enron Corp.
(26,096 shares of Enron Corp. stock dated 1/31/97, 22,052 shares of Enron
Corp. stock dated 4/25/96, 22,035 shares of Enron Corp. stock dated 7/26/95,
23,874 shares of Enron Corp. stock dated 7/26/95 and 15,984 shares of Enron
Corp. stock dated 7/26/95) from the Chase Securities Account #ATM-416690 via
DTC#0221 to the Enron Corp. Omnibus Account HSE-0000-EN at UBS Paine
Webber as soon as possible.

  Please call Sherrie Gibson at 713/630-0103 should you have any
questions.

Sincerely,

EXH012-01851

CC: Elaine Overturf
Pam Butler
Joanne Cortez
Sherrie Gibson


fo "Ooe

Endless possibilities.Tm


E13864880050163

GOVERNMENT
EXHIBIT
  2455
  Crim. No. H-04-25 (S-2)