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Interoffice
Memorandum

To: See Distribution List

From: Kenneth L. Lay

Subject: Enron Line of Credit

Department' Executive

Date' February 1 , 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, February 1, 2001




  t
Distribution Elaine Overturf
  Mary
Bob Bttse ~~48f f
  Rocky Emery ii f J .~ AOI

  4& Tramss&rirl

  a

Respect
Form 000-469-E(7/92)

Integrity

XH063-00333

EC38648BOO50245

Communication Excellence

GOVERNMENT
EXHIBIT
  4115
  Crim. No. H-04-25 (S-2)