============= Page 1 of 1 ============= ,uL_.cr.caalFAP%SZ 1353 9679 CHr1IRVA1/C.O'S Otr'1L'~ 07/26i4UM~ ~~..,. NO. 992 P.1/1 tiyo v July 27, 2001 Mr. Craig Rathjen PalneWebber, Inc. Private Client Group 109 N. Post Oak Lane, Suite 150 Houston, TX 77024 Kenneth L W Orarrrtmn of the Boe .d Enron Coyp. P-0. BOX Un Huusefi, TX 77251.1188 713-E534M Far 723-853-5313 kroutk.lay®VffM om Re: Sale of 85,720 shares of Enron Corp. to Company for Repayment of $4,000,000 Line of Credit plus accrued interest through July 26, 2001 Dear Craig: Please use this letter as your authority to transfer 85,720 shares of Enron Corp. stock from the restricted stock option award, Grant No. 122050 whose restriction lapsed on 1/11/01 currently in PaineWebber Account #HM-E0133-ES to the Enron Corp_ Omnibus PaineWebber Account #HS-54630-EN today, July 27, 2001. Please call Sherrie Gibson at 713-630-0103 should you have any questions. Sincerely, cc: Elaine Overturf Pam Butler Joanne Cortez Sherrie Gibson EXH012-01873 Endless possibilities?" EC3864880050180 GOVERNMENT EXHIBIT 2474 Crim. No. H-04-25 (S-2)