Collateral Valuation - Summary


					      StocA Price assumptions                          26-Jun-01
						      Enron            $44.19   TCW - Select        $17.33
						     Compaq            $13276   TCW - Aggr.         $l3.~l
						     Eli Lilly         S75.73   TCW - Small         $22.53
						      EOfl             $1~.65

	 LTV

   Original LOC
    Outstaudl.g

   Current LTV
Mkt Val. Collateral
   Collateral Req.
  Excess (Deficit)

 I    BA         Chase      Coat ass
	 80 0%       75.0%        80.0%

$40,000,000
$13,204,392

    60.1%
$21,964,894
$1 6.505.490
 $5,459,404

$15,000,000
 $7,042,000

    64.5%
$10,918,803
 59.389.333
 $1,529,410

SI 0,000,000
 $3,489,871

    50.7%
 $6,887,400
 $3.709.920

Borrowing roweri  ~ I         ~~;i~'ibigi~I ~' .': ~~i4.5~?I
		  Total for BA, Chase. & Compass 'W 734 t~

			   * Compass LOC has 80% L TV on all liquid assets held as collateral; the exception is the Sandeis'
			   account which consists of illa quid assets that Compass offers the lesser of 30% LTVor 1mm,


												 GOVERNMENT
												   EXHIBIT
												    24211
												   Crim No H 04-0025

     800%

$10,000,000
 $6,741,000

     79.6%
 $8,472,468
 58.426.250
   $46,218

   $j6,97~

 ~C)
 (so
-c ~
t

-n
a- ~

a-H
0~1

C,)
ni
0

0
0
0
0
o
0

00

  Enroit
Compaq
Eli LiPb~
  EO1T
  TCW

     Allocation of Collateral
BA         Chase       Corn ass I
  79.2%       97.5%         77.6%
  20.8%         2.5%          0.0%
   0.0%         0.0%        22.4%
   00%          0.0%          00%
   0.0%         0.0%          0.0%

100.0%

Allocation
  BA
     18.3%
     18.4%
     18.1%
      1.1%
     44.2%
     100.0%

100.0%

l3maromi
Coammpaq
liii Lilly
EOT[
TCW

100.0%

LOCO 10626
 61112002

r

I





			Collateral Valuation
			  Bank of America

 Outstanding Loan Balance                                        S5.000,O00

Collateral Pled ad                                  Shares       Value
  143690 shares.Enr                                  ]43~9Q   -. S6.349.66P
Total Market Value of Collateral                                 56,349.661
Less: Collateral Required (80% LTV)                              S6.250.O00

~Excess (Deficit) Collateral                                       599,661
Borrowing Power                                                    579,729
~Avaflable to Borrow                                               S79.729

5750.000 Line of Credit (Unsecured'i [INfO Kenneth L. & Linda P. Lay
Outstanding Loan Balance

				 LOC...010626
				   8/7/2002

								 so

						   confidential Treatment
						   Requested under FOIA

					 LAY-SEC-i 000000140





		  Collateral Valuation
		       Chase

    26-jwi-0 1

Stock Price Assumptions
	Enron    $44.19
       Compaq    513.76

S 15.0 Million Non Purpose Credit Line
		  Symbol   Cerdf. No.
Boron Corp         ENE     HCIS3S3 I
EnronCorp          ENE     HC163113
Boron Corp         ENE     HC167352
BritonCorp         ENE     HC167358
Enron Corp         ENE     HC167359
			   Total ENE

Compaq

Shares
26,017
90,750
41,019
4 1,165
41.909
240,860

CPQ     BB125522   2Q.2~
	Total CPQ  20,000

    Value
S   1,149.691
S   4,010,243
S   1.812.630
S   1,819,081
$   1.851.959
S   10.643,603

Ownership
  Personal
  Personal
  Personal
  Personal
  Personal
"'s.,.

S    275.200    Personal
S    275,200 Z.S%

		    Total Value of Collateral  S  10918.803

				 LTV              75%
		    AVAILABLE BALANCE:
				 Funded          (S7.042.000)~
		    REMAINING BALANCE .- ..

						Confidential Treatment
						Requested under FOIA

					   LAY-SEC-I 000000141

LOC...010628
 8/7/2002





		Collateral Valuation
		     Compass

     25-Jun-01

~~PrioeA~.s~.mtiopJ


7~Snrons44.¶9I


$10.0 Million Non Purpose Credit Line

   STOCK         Symbol  Certlf. No. Shares  Ownership

Eli Lilly          LLY    FC24922    5.000     Personal
Eli Lilly          LLY   ONYI 8380   5.000     Personal
			  Total LLY  10,000     757,300

Enron Corp         ENS   HC119322    7.690     Personal
Enron Corp         ENS   HC119285    22.052    Personal
Enron Corp         ENE   HC1 19286   1,751     Personal
Enron Corp-Split   ENS   HC164652    1,751     Personal
Enron Corp         ENS   HC119359    4,521     Personal
Enron Corp-Split   ENS   HC1 64853   4,521     Personal
Enron Corp         ENS   HC1 19360   7,792     Personal
Enron Corp         ENS   HC127094    9440      Personal
			  Total ENE  59.518    2.630,100
				     TOTAL S 3,387,400
					L~~~I'  80%
			AVAILABLE BALANCE      SZ,709.920
				     Funded ~
			REMAINING BALANCE      (1779Y~
	    Collateral
Additional
 anders Moms Harris (30% LTV, capped at S1 .000.000)
				       Total $ 3,500,000
					L1V     30%
			AVAILABLE BALANCE $ 1,000,000
				     Funded ;'--~.Cii~
			REMAINING BALANCE      SLOOO.000

					  Confidential Treatment
					  Requested under FOIA


					  LAY-SEC-I 000000142

22.4%


77.6%

LOC..010626
 817/2002