Collateral Valuation - Su,,a,..ary LTV Original LOC Outstanding Curreami LIV MkI Vat. Collateral Collateral Req. Excess (Delicit) Stock Price Assuniphiou.s as ofi j 26-Jul-01 F:.,ron $46.84 I com..;aq $14.50 I liii Lilly 578.12 I BA Chase Coin ass * I'W lotal 80.0% 80.0% 80.0% 60%-70% $40,000,000 SI 1,304,392 48.6% $23,253,795 $14 130490 $9,123,305 $15,000,000 $7,042,000 62.8% SI 1,21 1,355 S8.802.500 $2,408,855 $10,000,000 $3,489,871 $15,186,845 $37,023,1118 49.4% $7,069,023 $3.B55.218 54 1,5 34.174 526.788.208 $11,532,160 BA -NFL Loam. 80.0% 55,000,0(10 74.3% $6,730,440 56.250 1100 480,440 Total for BA. Chase. & Compass ~"" Original LOC Outstanding Available Limmel - $750,000 $0 $1,000,000 $0 $500,000 $0 $0 $2,250,000 $0 $0 $750,000 $1,000,000 $500,000 $0 $2,250,000 Enroms Compaq El. Lilly EUTI TCW 100.0% 100.0% 100.0% * Compass LOC has 80% LTV on all liquid assets held as collateral; the exccption is the Sandcrs~ account im'hoh consists of dliquid assets that L'ompass offers the lesser of 30% LTY or ilium lOC 010126 tt/U20ti2 .0 ~ ~ (a 0--* 5,, ~T1 ~ - (a C) 0 0 0 0 -1 Allocatlou. of Collateral for Secured LOC BA Chase Coni ass I~W 97.4% 78.1% 20.7% 2.6% 0.0% 0.0% 0.0% 2 1.9% 0.0% 0.0% 0 0% 0.0% 0.0% 0.0% Collateral Valuation Bank of America 4 1 Un Outstanding Loan Balance S1I.304392 Collateral Pledged Shares Value Enron Corp. 393,597 S 18,436.083 Compaq Computer 322.256 Total Market Value of Collateral S23.253.795 Less: Collateral Required (80% LTV) 48.61 O/~ S14.130.490 Excess (Deficit) Collateral 59,123305 Borrowing Power $7,298,644 Available to Borrow 57.298.644 C Outstanding Loan Balance .~ 56352.000' Collateral Pledged Shares Value Compaq 113,064 S 1,639,428 Eli Lilly & Co. 20.220 $1,579,586 EOfl Energy Parmers 5.000 $101250 TOW Galileo Select Equities 131.738 52.205.294 TCW Galileo Aggressive Growth 3 7.949 $499,409 TCW Small Cap Growth 41,485 $867,027 Enron Corp. (includes additional 25,000 shares) 60,000 ~jj0~00 Total Market Value of Collateral 59,702,404 Less: Collateral Required (LTV 80%) 71.65% S8,690,OO0 Excess (Deficit) Collateral $1,012,404 Borrowing Power S809,923 Available to Borrow S809.923 Confidential Treatment Requested under FOIA LAY-SEC.J 000000175 Stock Price assump*ions 264ukW Enron $46.84 TOW. Select $16.74 Compaq S 14.50 TOW.. Ag~r. S13.16 Eli Lilly S78.12 TCW. Small $20.90 EOTT $20.25 79.3% 20.7% 100.0% 16.90/. 16.3% 22.7% 5.1% 8.9% 2 9.0% 100.0% L.0C010726 8/712002 Collateral Valuation Bank of Amerzca no Outstanding Loan Balance S5.0O0~O0O Collateral Pled ed Shares Value Enron Corp. 143.690 S6,730.440 Total Market Value of Collateral S6,730.440 Less: Collateral Required (80% LTV) 74.3% S6.250.O00 Excess (Deficit) Collateral S480,440 Borrowing Power S384.352 Available to Borrow S384.352 $730.000 Line of Credit (Unsecured~ IJN/O Kenneth L. & Linda P. Lay Outstanding Loan Balance LOC.0 10726 8/7/2002 ConFidential Trcatment Requested under FOIA LAY..SEC..1 000000176 so Collateral Valuation Chase 26-Jul-01 Stock Price Assumprions Enron S46.84 Cornvao S 14.50 S 15.0 Million Non Pu~ose Credit Line L STOCK Symbol Cernt. No. Enron Corp ENE HC153S31 Enron Corp ENE from PW Total ENE Shares 26.017 .Qz 146 233.163 '.aiue S LlS.636 S 9.'02 '19 S 10.921.355 CPQ BB125523 20.000 S 90000 Personal Total CPQ 20,000 S 290.000 26% Total Value of Collateral S 11.211.355 LTV 800/. AVAILABLE BALANCE S8~408,Si6 Funded (S7.042.000~ REMAINING BALANCE . - jS1l~~6~ LOC.0 10726 8/7/2002 Confidential Treatmcn1~ Requested tinder FOIA LAY-SEC-I 000000177 Compaq Ownership 1 Personal Personal 9~ 4% Collateral Valuation Compass 26-Jul-01 Stock Price Assum tion Enron $46.84 Eli Lilly S78.12 S1O.0 Million Non Purpose Credit Line STOCK Symbol Certif. No. Shares Ownership Eli Lilly LLY ~C24922 5.000 Personal Eli Lilly LLY 0NY18380 5000 Personal Total LL.Y 10,000 781.200 Enron Corp ENE HC119322 7.690 Personal Enron Corp ENE HC119285 22052 Personal Enron Corp ENE HC119286 1,751 Personal Enron Corp-Split ENE HC164652 1,751 Personal Enron Corp ENE HC119359 4,521 Personal Enron Corp-Split ENE HC164653 4.521 Personal Enron Corp ENE HC119360 7.792 Personal Enron Corp ENE HC127094 9 440 Personal Total ENE 59.518 2.787,823 TOTAL $ 3,569,023 LTV 80% AVAILABLE BALANCE S2.8S5.218 Funded {S3~89.87!~ REMAINING BALANCE - (3634.653) Additional Collateral Sanders Moms Hams (30% LTV, capoed at 51.000.000) 'Total $3,500,000 LTV 30% AVAILABLE BALANCE SI .000,000 Funded ~-~: so-i REMAINING BALANCE SI.000.009 Confidenijal Treatmenz Requesti.~d under FOIA LAY-SEC~ OOOOOOi 78 21.9% 78.1 ~ LOCo~O726 SI7'~OO2 Personal - Secured LOG (5000) Enron LOG - PW 500 BA 7,299 Chase 1,927 Compass 365 Total 10.091 500,000 9,146,000 1,900,000 400,000 Personal - Unsecured LOG (5000) BA 1,000 (increasing from $750,000; should be effectwe next week) Chase 1,000 (increasing from $750,000; should be effective next week) Compass 500 Total 2,500 Partnership - LOG (5000) Now 257 (additional collateral should be in place early next week) _________________________ wa:~ng for the dust to clear but it is positive 257 at least this much When shares settle at BA assuming yesterdays price of.~4&34 BA 810 Pw 810 Confidential Treatment Requested under FOJA LAY-SEc-I 000000179 BA Pw