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Interoffice
Memorandum

To: See Distribution List

From: Kenneth L. Lay

Subject: Enron LOC

RECEIVED

AUG ~. 7 2001
Viclue Nloholscrn
Shareholder Asiations

Department: Executive

  Date: August 23, 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, August 23, 2001.



CC: Rocky Emery

Bob Butts

Mary Joyce

N Elaine Overturf

EC3864880050169

Respect
Form 000.469-E(7/92)

Integrity

Communication Excellence

EXH063-00312

GOVERNMENT
EXHIBIT
  4094
  Crim. No. H-04-25 (S-2)