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May 30, 2001

Kenneth L Lay
Chairman of the Board

Enron Corp.
P.O.Box1188
Houston, TX 77251-1188
713-853-6773
Fax 713-853-5313
kennethlayeenron.com

Rocky Emery
Paine Webber, Inc.
Private Client Group
109 N. Post Oak Lane, Suite 150
Houston, TX 77024

RE: Sale of 75,491 shares of Enron Corp. to Company for Repayment of
$4,000,000 LOC plus accrued interest through May 25, 2001

Dear Rocky:

  This letter is your authority to transfer the remaining 5,993 shares of Enron
Corp. stock from the stock option award, Grant #5494, with an exercise date of
4/19/00,.56,537 shares of Enron Corp. stock from the stock option award, Grant
#3718, with an exercise date of 3/15/00, and 12,961 shares of Enron Corp. stock
from the stock option award, Grant #5108, with an exercise date of 1/24/00, in
Paine Webber Acct. HM-E0133-ES to the Enron Corp. Omnibus Paine Webber
Acct. HS-54630-EN by or before Friday, June 1, 2001.

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

Sincerely,



EXH012-01937

CC: Elaine Overturf
Pam Butler
Joanne Cortez
Sherrie Gibson

Endless possibilities. TM

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EC38648B0050219

GOVERNMENT
EXHIBIT
  2510
  Crim. No. H-04-25 (S-2)