=============
Page 1 of 1
=============


  90

To: See Distribution List

From: Kenneth L. Lay

Subject; Enron LOC

This serves as notice of my intent to repay my outstanding loan balance of $4,000,000 plus interest in full with shares of
Enron stock as of this day, July 26, 2001.



cc: Ann Bennett

Bob Butts - Fax: 713-646-8409

Mary Joyce - Fax: 713-646-2110

r

Interoffice
Memorandum

Department Department

Date: July 26, 2001

.cdvvi

i Elaine Overturf

Respect
Fe!m ooo-4F9.E(7A2)

Integrity Communication

EC3864880050183

Exce/lane.

EXH063-00315

GOVERNMENT
EXHIBIT
  4097
  Crim. No. H-04-25 (S-2)