=============
Page 1 of 1
=============


  Interoffice
Memorandum
0

  To: Distribution

  From: Richard A. Causey Department: Chief Accounting Officer
Subject: 2nd Quarter Financial Review Date: July 24, 2001

Attached is a summary of 2nd quarter and YTD Earnings, Cash Flow, and Capital Deployed. This report will be issued
periodically and will include actuals at the end of each quarter and current estimates for non-quarter periods.

Distribution:
Dave Delainey
Jim Derrick
Jim Fallon
Andy Fastow
Mark Frevert
Kevin Hannon
Stan Horton
Steve Kean
Mark Koenig
John Lavorato
Ken Lay
Mike McConnell
Jeff McMahon
Barry Pearce
Ken Rice
John Sherriff
Jeff Skilling
Greg Whalley
Bob Butts
Kent Castleman
Wes Colwell
Fernley Dyson
Rod Hayslett
Mark Lindsey
Brent Price
Jeff Sommers
Wade Stubblefield

EC 001943446

KHO12-00293

Respect Integrity
Fo,m (A0.469-E(7.92)

Communication Excellence

GOVERNMENT
EXHIBIT
  2283