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Interoffice
Memorandum

To: See Distribution List

From: Kenneth L. Lay

Subject: Enron Line of Credit

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, June 12, 2001.



CC: Rocky Emery

Bob Butts

Department: Executive

Date: June 12, 2001

Mary Joyce
1 Elaine Overturf

Respect
Form 000-469-E(7/92)

Integrity Communication

EC3864880050212

Excellence

EXH063-00326

GOVERNMENT
EXHIBIT
  4108
  Crim. No. H-04-25 (S-2)