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  From: Palmer, Mark A. (PR)
  Sent: Thursday, September 27, 2001 1:35 PM
  To: Lay, Kenneth; Whalley, Greg; Kean, Steven J.; Fastow, Andrew; Koenig, Mark; Demck Jr., James;
Rieker, Paula
  Subject: LJM Statement

  I've attached a draft of the LJM statement to the Wall Street Journal. Please give me your comments as soon as
possible. I propose releasing the statement to the reporters tomorrow afternoon.

Mark Palmer
ext. 34738

  ŽI
LJM SM.m.nt hor Wall

EXH023-00189

ECv003471936

GOVERNMENT
EXHIBIT
  968
  Crim. No. H-04-25 (S-2)


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M Statement for Wall Street Journal

The UM partnerships were rigorously and frequently reviewed by internal and external
auditors and legal counsel, senior management, and the audit committee of Enron's
Board of Directors. Each transaction with LJM met a strict test of being in the best
interest of Enron and its shareholders, and never was there any obligation for Enron to do
any transaction with LJM.

ECv003471937

XH023-00190