May 1999 Page I of 3 PaineWebber H PAINEWEBBER INC. HERITAGE PLAZA liii AAOBY STREET, SUITE 5100 HOUSTON. TX 77002-9960 PZ4LV7OSBS-XS - 0599 -'US- Value on April30 Value on May 28 Money funds in 05/28 value 3827,375.67 $ 8,079847.77 $ 390,719.40 Investment Account Account Number HS 71827 ES * Your Financial Advlsdr * EMERY 713 654.0200 JEFFREY K SKILLING 1912 NORTH BLVD - HOUSTON TX 77098-5418 4' Activity- bighli2hts -- Withdrawals P Securities tral,sferred in (valued at time ot t~ansfer) Net change from actIvity llstedabeve. Portfolio-summary -, - Current Dehod 4. I. , -8,142.383.67 lS.387,05400 * 5.244.670.33 - 7, -4- Year-to-date $ 46,705.85262 25,066.12506 $ -. 8,360,272.44 Current period . Year-to-dare Opening value- - - - $ 3,827,37567 $ - - - .00 Net changefrom Activity Highlights 5.244,670,33 - - 8,360,272,44 Net security earnings. . - - .796,25 - - 804.08 - Change in~value ol lnveslni6nts -- - - 192,99448 - 518,801.25 Value onMay 28...............................................-s $ 8.879,847.77 - $ 0.879,847.77 -4. - - Earnings summary based on the tax status for the wecif Ic secuM' on Mitch the earnings are Ea,ntngs below are classilted as taxable or non-taxable ,ecalved and does not attempt to rated your ao,ounfs tax status or reporting requiren,enrs. Use 01* officIal tax reporting documents (e.g. tOfl) for tax reAoi-ting purposes. - The classifiontion of private investment distributions can cr4 be detennined by ref erring to the official v6ar-end tax report/hp document provided by the Issuer. - - - - - - . . . . Current reriod - -Taxable - - - - PaineWebbor Money lund dividends Total taxable security earnings --- - Net securIty earelnes - -~ - - - -I nit' . ..- - - - - -r -to ~n1Z o,c> 0rnr ci, -I en - -4. o 2* $- - 796.25-' - - -79625 - ---- - -. 5- -. - 796.25 - 0 7- --4 - r Year-to-date - -e 804.08- - S - - 88408 BulletIn Board IT IS IMPORTANT TO REVIEW YOUR PORTFOLIO WITH YOUR FINANCIAL ADVISOR TO HELP LIMIT - THE IMPACT OF MARKET VOLATILITY ON YOUR INVESTMENTS, - ~. . - - - - - Asset sumniary - .- See back of page one for ,nfom,ation on ass~ts oxclud6d from this summary, - Equities Mdney.lDnds - Not Invested assets Value on May 28 - 56 of portfolio - -~ 95.5.9 4.41 - 100.00 S - -~ - Value 8,489;128.37 39b,7 19.40 8,879.847.77 -- 8.879.847.77 4 1' - a -! S .' 884.08 May 99/ HS 71827 ES '4 I I PZ4LIJZOJBB-X6 ti-i H C -- C> -: K) -C- -o 0- -N-) Account Number I-IS 71827 Es Your Financial Advisor EMERY 713 854-0200 Page 2of 3 PaineWebber H Investment Account P24L070389-XB Investment objectives ovate. goats ~rtf,ts 4' For bach a mt you l'oM yoijchoosa one The following miurn otvect,ve and flak profile describe account return obfecti&e and ~ pnma,y and, if applicable. seconda,y tiM profile. A kill dest5g4flion of the alternatives is included on the reese side of page one 0! this statement If you ha ye any questions mgank,g these objectives ormsh to change them, please contact your Financial Advisor or the B/erich Manager at tour branch office. Return objective: Current income 4 capital appreciation Risk profile: Primary: Moderate Secondary: None Selected Assefportfolio When available, pnces Income and tun-ent values maybe sLoproxknate and thus gainaflossas may not be accurately rellected,-Pelails on back of page dna; An asterisk 4) indicates a change in the driginal transaction data from the pnor month or the dtsolay of new data Input at your branch office: Gakis/tosses are not caiculated for zero coupon investments.. - Equities '*' -. I Common stock . Description 116.937 ENRONCORP(OREGON) TotM I Money fuhils - Price Current valu~ 6sf annual Income 71.375 . . 8.489,128.37 118.937 8,489,128.37 118,937 - Trade date Shares purchased Purchase price Cost basis Unrealized Gain/toss 118,937.000 ---This Information was unavailable--- Descriotiod 1 - Opening bAlance . K Closing balance Ctosing sham price Average yield Dividend period CASI-IFUND . Total Monthly activity. . . - * -~ . . .4 A. See Important information on the back of page one reqardino the PticeNahjjtr~s6nted for restricted securitIes. Date Actaaty Da&cription , . Amount 04130 ~ Balance -forward $ .00 05/12 TRANSFER TO HS 54630 5100: .:~ *. : . . -4,146,599.56- - 05/12 TRANSFER TO HS545305100............................3.995.784.ll 05(26 DIVIDEND PAINE WEBBER 6~stIFuNn. - -- 196.25 m Proceeds from Security transactions $ 8,410,617.40 - , ..... ..& Funds used for-money-fund tmnsactlens-$-------269,029.98- KO 05128 Closing balance $ 00 mZ ~z2i -Ia ~rn o,c> -mr 'me -H 0 4 4 ' * 4 38% 04127 . 05/24 Pails in period 28~ 121,689.42 *. $ 390,719.40 May 99/ HS 71827 ES 41 -4 - :1 II 4; 'is May 1999 ''I, Total spates Account Number HS 71827 ES Your Financial Advisor EMERY 713 654-0200 Page *aof 3 PaineWebber Investment Account Security transactions Date- Activity Descabtion Quantity Price / Value, 05/10 SOLD ENRON CORP (OREGON) UNSOLICItED -60,000.000 $ 05/Il SOLD 05/12 SOLD 05/12 TRANSFER Ak Money fund transactiirn~ - RULE 144 ENRON CORP (OREGON) UNSOLICITED -25,000.000 RULE 144 ENRON CORP (OREGON) UNSOLICITED - RULE 144 ENRON CORP (OREGON) FM HS 546305100 Securities sold Securities transterr~d In or received -25,000.000 * 179.692.000 -'A ,. 76645800 76 1/2 761/4 13.387.054.00 13,387054.00 Amount 4.594;994.70 l,9l0.93625 1,904.686.45 $ 8,410,617.40 $ .00 Date Activity 04/30 . - - 05/IS ROUGHT O5/26BOUGHT' 05/28 Money fund Opening Caohfund PAINE WEARER GASHFUND PAINE WEBBER CASHFUND Closing Ceshiund Amount $ . 121,689.42 ' 268,233.73 796:25 $ 390,719.40 * Money funds purchased . $ '269,029.98 .... Real&d gains and. losses : Estimated realized galns4ossos are not for tax purposes. The oldelu secutlij' lot is liquidaied dralto calculate gains/ldssaa (fist-In, lfrsr.oul 6, FIFO acedunting ,n5thod) unless you ~pecifted~tich lot to close when you plAded your orddr (a ve,susputchase or VSPordar% An asterisk Qic) indicaieA a manual change in inforroetroti orap~,silioh opened end closed during the current month. Gainsfiosses may not adjust for all capttal changes rind are not cal6ulated for zero coupon securities. Cost beats for fax-exempt and AIAT eligible coupon municipal sacu;ilies has been adjusted aulonialicafl for eat met ed amo,Iizalion ol bond premiums. Estimates tn the Unclassihed sectton ate not able lobe. classified as shod-term or Ion 0-ten" due to missing infom,ation or the product is one which a gait riloss calculation is not brovlded. . . , . . . Security description - ---I -~ ~. - -10 ~jn1 o,c> t%imr (Il -4 0 ga Method 4 Short-term I catiital-gains'and 0 sses . Assets held one year or less: ENRON CORP (OREGON) ~..FIFO..A. -. ~.49,245.000 ... 04/16/99 - -. Total - .. . t, . . . 4 4. 'A 05/05/99 $ --3:771341.90 $ . 3,422;527.50 $ 9 3,771.341.90 $ 3.422,527.50 4- - Loss. Net '~ oath/loss --'--z~$7'348,8lt40', . - $ 348.8 14.40 $ 348~81 4.40- Year-to-date realized capitaLeaiMoss.totalc Short-term clamns/lotises held onri year or less: - . 348,814.40 . A. t I. May 991 HS 7 1827 ES 4 4 4' . .4 May 1999 H P24L0703 go-Xe Quantity/ Purchase . Sale - . - Sale. . Purchase - Face value ~". date date. - en,oun.............amount