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								  CONFiDENTIAL


					 LJM LEGAL REVIEW
					   (May 22. 2001)

	      Parlicinants:    Jim Derrick
			       Rob Walls
			       Rex Rogers
			       Jordan Mintz

	      A.   DeveloDments since March 7~' Leaal Review Meeting

		   1. Proxy/b-K Disclosures

		   2. Enron Wind

		   3. Overlapping Employee Duties/Services Agreements Review

		   4. Deal Approval Changes

		   5. Investor Relations Feedback

		   6. Meelings with Causey/Buy

	      B.   I.A~f.nn~ with ASF: C~.rr.n# Prnnt~Ie

1.Restructure of LJM        to avoid disclosure

2.   "Fresh lOok" at EnronILJM relationship


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					       tNT? 001886

! GOVERNMENT
  EXHIBIT
   20896
  Crim No. H 04-0025
L

I

AB0472 01884


DP0EX00029307

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