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  Interoffice
Memorandum
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To: See Distribution List

From: Kenneth L. Lay

Subject: Enron Line of Credit

Department: Executive

Date: April 30, 2001

This serves as notice of my intent to repay my outstanding loan balance of $4,000,000 plus interest
in full with shares of Enron stock as of this day, April 27, 2001.

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KENNETH L. OR LINDA P. LAY Bank of America, N.A
OR SALLY A. KEEPERS OR SHERRIE GIBSON Houston, TX 77252 4082
2121 Kirby Dr., #137
HOUSTON, TX 77019
  35-21130/266
713-630-0103

PAY ********************** TWENTY FOUR.*.********************* 26/100 Dollars
TO THE DATE ::::.......,.; : ORDER Enron Co ;:`:;: . » <>°
or rp Apr 27 01

Enron Corp Memo: LOC Payoff 4/27/01

Post Office Box 1188
Houston, TX 77251-1188
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11100408 211' is L L 30000 2 31: Il' 2 6 6 2 5 30 70 711'

EC3864880050233


  Respect Integrity Communication ®Excellence
Form 000-469-E(7/92)

  GOVERNMENT
EXH012-01957 EXHIBIT
  2526
  Crim. No. H-04-25 (S-2)