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i	
PaineWebber Confirmation
PAINEWEBBER INCORPORATED	PAGE 1 OF 1
109 NORTH POST OAK LANE	Account Number HM 01206
SUITE 150	Your Financial Advisor
HOUSTON, TX 77024	EMERY FINANCIAL GROUP 713-957-7000
0041006049	HM 01206 0 0004
	JEFFREY K SKILLING
	1912 NORTH BLVD
	HOUSTON TX 77098-5418

We confirm the following transaction

Trade activity	IL,,11,,,III I l••I ,L,I,I„L,h,,I11, I,,,,11 Jdl„LI

Payment date/
Trade date Date processed Settlement date
SOLD	01/31/2001 01/31/2001 02/05/2001
	
39976 2,500 ENRON CORP	80.00 $200,000.00 $150.00 46.67 $199,843.33
UNSOLICITED	
RULE 144	
Commission/Ma	kup charge 06.00 cents per share
Order taken h	EMERY FINANCIAL GROUP
SYMBOL ENE	ICUSIP NO. 293561106
Location of E	ecution: 01 Ca
acitg; Agent
	i
T k rH~TlfStV ~ ;'triY~
it is important that you retain this trade confrm
payment/settlement date. Payments not receive
Make checks payable to PalneWebber Incorpor	ation for your tax and financial records. When remlttanceslsecurltles are due, they must be received by us at the address above on or before the
d by the settlement date may be subject to a late settlement fee. Please Indicate your account number on your check or correspondence.
led. Please see the back of this confirmation for additional terms and definitions applicable to this transaction.
	IBS
	
	

GOVERNMENT
EXHIBIT
  1948
  Crim. No. H-04-25 (S-2)