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August 27, 2001

Kenneth L. Lay
Chairman and
Chief Executive Offices

Enron Corp.
P.O. Box 1188
Houston, TX 77251-1188
713-853-6773
Fax 713-853-5313
kenneth.lay@emmn.com

Elaine Overturf
Enron Corp.
1400 Smith Street
Houston, TX 77002

Re: Sale of 110,041 shares of Enron Corp. to Company for repayment of
$4,000,000 LOC through August 24, 2001

Dear Elaine:

  The 110,041 shares of Enron Corp. will be delivered via DTC from Chase
Securities to the Enron Omnibus Account at Paine Webber. Please refer to the
attached letters addressed to Mary Arnold.

  Please call Sherrie Gibson at 713/630-0103 should you have any
questions.

Sincerely,

CC: Pam Butler
Joanne Cortez
Sherrie Gibson

EXH012-01849



Endless possibilities.'

EC38648BOD50158

GOVERNMENT
EXHIBIT
  2453
  Crim. No. H-04-25 (S-2)