============= Page 1 of 1 ============= lteroffice Memorandum To: See Distribution List From: Kenneth L. Lay Subject: Enron LOC Department: Executive Date: September 4, 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 today, September 4, 2001. CC: Bob Butts Mary Joyce N Elaine Overturf Respect Form 000-469-E(7/92) EXH063-00304 EC38648B0050130 Integrity Communication Excellence GOVERNMENT EXHIBIT 4086 Crim. No. H-04-25 (S-2)