============= Page 1 of 9 ============= Ken and Linda Lay Balance Sheet Comparison January 31, 2000 Current Assets 12131/99 3,618,176 1131/00 3,582,108 Variance (36,068) Marketable Investments Com & Pref Stocks 78,779,765 123,047,813 44,268,048 ENE inc. $23.50 & CPQ - inc $0.1875/sh from pr mo; 34,980 sh ENE gifted Executive Stock Options 109,035,961 195,735,735 86,699,774 ENE inc. $23.50 & CPQ inc $0.1875/sh from pr mo; Add'I vesting& new ENE opt Bonds 234,541 234,541 - Mutual Funds 10,975,787 10,651,717 (324,070) Decline GS Exchange & PW Strategy Fund Partnerships (Family)* 32,086,491 50,933,984 18,847,493 ENE inc. $23.50 & CPQ inc $0.1875/sh from pr mo; Long Term Investments 31,035,911 31,162,664 126,753 Retirement Deferred Assets 14,738,837 18,287,209 3,548,372 Increase in ENE Personal Non Earning Assets 1,968,774 2,097,970 129,196 Current Liabilities (53,808,440) (54,790,333) (981,893) Cash Flow; Increase in ENE payable result of stock opt exercises Long Term Liabilities (74,025,016) (110,709,159) (36,684,143) Increase. in Deferred Tax Liab due to increase stock opt. Business Liabilities (148,667) (160,100) (11,433) NET WORTH $154,492,120 $ 270,074,149 115,582,029 CONTINGENT LIABILITIES: Ken and Linda have guaranteed a mortgage in the amount of $900,000 maturing on January 1, 2014 with an interest rate of 6.88% at Bank of America for their daughter, Robyn Vermeil. This loan is collateralized by property appraised at $965,000 as of December 9, 1998. Ken has also guaranteed two unsecured notes in the amounts of $185,000.00 maturing on May 27, 2000 and $1,200,000 maturing on June 25, 2000-both with an interest rate of 30-Day LIBOR (Daily floating rate) at Bank of America for his sister, Sharon Lay. * Value based on FMV of partnership assets. No discount for partnership interest is shown. LBF002-00628 LAY-G39 0143 GOVERNMENT EXHIBIT 211 Crim. No. H-04-25 (S-2) ============= Page 2 of 9 ============= February 18, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: January 31, 2000 Balance % of Total Assets % of Workin g Assets ASSETS CURRENT ASSETS Cash on Hand CASH ON HAND/SK 122.67 .0% .0% CASH ON HAND/PSTOKES 1,012.53 ,• .0% .0% CASH ON HAND/MSTURGIS 193.00 .0% .0% CASH ON HAND/LEONA 381.63 .0% .0% Total Cash on Hand: 1,709.83 .0% .0% Checking Accounts: BANK OF AMERICA 0707 147,488.53 .0% .0% BANK OF AMER/CONTRIBUTIONS 302.39 .0% .0% BANK OF AMER/LPL PROP -3,810.20 .0% .0% BANK OF AMER/STOKES 4,964.95 .0% .0% VECTRA BANK 1,703.80 .0% .0% UNITY 109-900 6,328.23 .0% .0% Total Checking Accounts: 156,977.70 .0% .0% Money Market Accounts: WASHINGTON DC ACCT 90,000.00 .0% .0% Total Money Market Accounts: 90,000.00 .0% .0% Brokerage Accounts: CHARLES SCH-CAPROCK/SCH-CR 309, 796.61 .1% .1% CHARLES SCH-CYPRESS/SCH 2,483.17 .0% .0% GOLDMAN SACHS/GS-61 99,929.63 .0% .0% GOLDMAN SACHS/GS-42 28,174.38 .0% .0% PAINE WEBBER CYPRESS/PW-98 7,063.71 .0% .0% PAINE WEBBER MMA/PW-94 44,536.58 .0% .0% SANDERS MORRIS MMA/SMM-JT 1,422.14 .0% .0% WATERHOUSE SEC-MMA/WSI 1,029.10 .0% .0% Total Brokerage Accounts: 494,435.32 .1% .1% Savings Accounts: ENRON CREDIT UNION/KLL 44.26 .0% .0% Total Savings Accounts: 44.26 .0% .0% Treasury Bills: SAVINGS BONDS 2.400.00 .0% .0% Total Treasury Bills: 2,400.00 .0% .0% Short-term Receivables: ACCT RECV-TDH 410, 000.00 .1% .1% ACCT RECV-TDH (AVALON) 171,550.04 .0% .0% ACCT RECV-MKL 190,278.26 .0% .0% < Page I > LAY-G39 0144 .BF002-00629 ============= Page 3 of 9 ============= Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: January 31, 2000 February 18, 2000 Balance % of Tot al Assets % of Work ing Assets ACCT RECV-RENT DEP (#1000) 2,102.08 .0% .0% ACCT RECV-S. HOBBS 112,500.00 .0% .0% ACCT RECV-D. HOBBS 112,500.00 .0% .0% ACCT RECV-RRH 20,000.00 .0% .0% ACCT RECV-RRH (DICKEY) 135,000.00 .0% .0% ACCT RECV-BJONES 107,835.26 .0% .0% ACCT RECV-RV 84,643.00 .0% .0% ACCT RECV-TWALLS 2,415.27 = , .0% .0% ACCT RECV-JAL 22,878.89 .0% .0% ACCT RECV-E MCELROY 6,050.00 .0% .0% Total Short-term Receivables: 1,377,752.80 .3% .3% Notes Receivable: FAM PTRNS ANNUITY-2/KLL 730,081.17 .2% .2% FAM PTRNS ANNUITY-2/LPL 728,707.10 .2% .2% Total Notes Receivable: 1,458,788.27 .3% .3% TOTAL CURRENT ASSETS 3,582,108.18 .8% .8% MARKETABLE INVESTMENTS Enron Corp. Common Stock Favez Sarofim Mgmt.-Com Sanders Morris Mundy-Com Cypress Asset Mcmt.-Com. Goldman Sachs-Com Goldman Sachs-Internet Caprock Capital Advisors Paine Webber Managed 5 96,174,395.35 10,405, 012.95 3,191,656.15 807,626.75 3,727,781.24 2.186,555.13 1,65 8,33 1.76 691, 43 9.49 3,680,011.75 < Paee 2 > LAY-639 0145 LBF002-00630 ============= Page 4 of 9 ============= Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: January 31, 2000 Vested Exec Stock Options: CPQ ESO 4-97 5000SH (98) CPQ ESO 4-97 25000SH (99) CPQ ESO 4-97 4370SH CPQ ESO 4-98 2,424 SHS ENE ESO 2-93 100,000 SHS ENE ESO 2-94 168,000 SHS ENE ESO 2-94 1,300,000SHS ENE ESO 12-94 180.560 SHS ENE ESO 12-94 84,670 SHS ENE ESO 12-95 203,140 SHS ENE ESO 1-96 147,700 SHS ENE ESO 12-96 118.620 SHS ENE ESO 1-97 113,090 SHS ENE ESO 1-97 935,000 SHS ENE ESO 1-98 95,388 SHS ENE ESO 12-98 590,650 SHS ENE ESO 12-99 325,000SHS ENE ESO 1-00 192,309SHS Total Vested Exec Stock Options: Preferred Stocks: DR RED DUKE INC 52.632 SHS ECOUTLOOK,COM 50,000 SH 1NDX SOFTWARE 18588/SMM-JT NET EXPLOR P2.000SH/SMM-JT OPENPLUS 7.500SH/SMM-IT Total Preferred Stocks: Corporate Bond-Convertibl: LAKEWOOD SPORT CONV/SMM-JT LAKEWOOD SPORT-1 /SMM-JT LAKEWOOD SPRT CONV2/SMM-JT EARTHCARE CO DEB/SMM-JT Total Corporate Bond-Convertibl: Mutual Funds: GS 1999 EXCH FND/GS PW STRATEGY FUND/PW-94 TCW SELECT EQUITIES FUND TCW AGRESSIVE GRWTH/NB TCW AGRESSIVE GROWTH/NB Total Mutual Funds: Partnerships-other. February 18, 2000 Balance °/. of Tot al Assets % of Work ino sets 56,100.00: ' .0% .0% 280,500.00 .1% .1% 84,035.10 .0% .0% 31,051.44, .0% .0% 5,428,500.00 1.2% 1.3% 8,589,000.00. 2.0% 2.0% 66,137,500.00 - .~ 15.2% 15.3% 9,501,970.00 2.2% 2.2% 4,455.758.75 1.0% 1.0% 9, 916, 279.10 2.3% 2.3% 7,310,411.50 1.7% 1.7% 5,493,885.30 1.3% 1.3% 5,159,731.25 1.2% 1.2% 43,182,975.00 9.9% 10.0% 4,560,977.22 1.0% 1.1% 11,619,601.47 2.7% 2.7% 9,972,625.00 2.3% 2.3% 3,954,834.59 .9% .9% 195,735,735.72 44.9% 45.1% 100,000.80 .0% .0% 200,000.00 .0% .0% 50,001.72 .0% .0% 100,000.00 .0% .0% 75,000.00 .0% .0% 525,002.52 .1% .1% 52,250.00 .0% .0% 52.250.00 .0% .0% 30,041.00 .0% .0% 100,000.00 .0% .0% 234,541.00 .1% .1% 6,776,43 9.25 1.6% 1.6% 948,000.00 .2% .2% 1,237,833.09 .3% .3% 910,354.50 .2% .2% 779,089.86 .2% .2% 10,651,716.70 2.4% 2.5% < Page 3 > LAY-G39 0146 LBF002-00631 ============= Page 5 of 9 ============= February 18, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: January 31, 2000 Balance % of Total Assets % of Worldn P Assets KLL & LPL INVESTMENT PTRNS 49,649,486.00 11.4% 11.4% KLL & LPL FAMILY PTRNS 1,284,498.00 : ' .3% .3% Total Partncrships-other. 50,933,984.00 11.7% 11.7% TOTAL MARKETABLE INVESTMENTS 380,603,790.51 ' 87.3% 87.8% LONG-TERM INVESTMENTS Residence: REAL ESTATE/HUNTINGDON 9,762,451.67 _` 2.2% 2.3% REAL ESTATE/LOOSCAN 1.286.424.75 .3% .3% Total Residence: 11,048.876.42 2.5% 2.5% Real Estate Other Homes: REAL ESTATE/ASPEN 2,863,697.02 .7% .7% REAL ESTATEB-3431 447,544.79 .1% .1% REAL ESTATE/SPRING ST 5,091,934.09 1.2% 1.2% PIRATES' COVE LOTS 299,742.66 .1% .1% REAL ESTATES-3429 695,917.34 .2% .2% REAL ESTATE/B-3433 855,881.60 .2% .2% REAL ESTATE/REBA 492,639.61 .1% .1% REAL ESTATE/CREEKS TONE LOT 1,679,069.25 .4% .4% REAL ESTATE/WESTGATE 283,195.50 .1% .1% REAL ESTATE/2514 AVALON 253,421.38 .1% .1% Total Real Estate Other Homes: 12,993.043.24 3.0% 3.0% Real Estate Active Rental REAL ESTATE/1741SR 147,309.00 .0% .0% REAL ES TATE/1852MAR 104,044.97 .0% .0% REAL ESTATEJ1856MAR 171,116.43 .0% .0% REAL ESTATE/1918SR 243,231.08 .1% .1% REAL ESTATE/KINGS 190.000.00 .0% .0% REAL ESTATEN'IKING 60,000.00 .0% .0% Total Real Estate Active Rental: 915,701.48 .2% .2% Real Estate Passive: BLEN}EIM APARTS, LTD. 225,000.00 .1% .1% COLORADO OASIS LTD. 254,888.00 .1% .1% CREEKSTONE SOUTH RICE PTRS 300,000.00 .1% .1% LAKE CHARLES APTS., LTD. 240,000.00 .1% .1% JESTER APTS PARTNERS,LP 400,000.00 .1% .1% TRAILSIDE APTS, LTD. 500,000.00 .1% .1% MILAND INVESTMENTS LLC 170,000.00 .0% .0% J.T.FAM,SR. INVEST., LTD. 264,330.00 .1% .1% W.E. TRADE INVESTMENTS LTD 245,025.00 .1% .1% W.A.REHAUSENLOT INV LTD 113,355.00 .0% .0% Total Real Estate Passive: 2,712.598.00 .6% .6% < Page 4 > LAY-G39 0147 LBF002-00632 ============= Page 6 of 9 ============= February 18, 2000 Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: January 31, 2000 Balance % of To tal Ass= % of Workin g Assets Farming Interests: 11ACRES ILLINOIS 4,500.00 .0% .0% Total Farming Interests: 4,500.00 .0% .0% Other Investment-Passive: CAPRICORN INVESTORS II LP 574,449.00 .1% .1% CAPRICORN INVESTORS III 15,000.00 - .0% .0% CARSON PRIV CAP EUROPE LP 500,000.00 .1% .1% CORPORATE OPPT FUND/SMM-IT 228,750.00 .1% .1% CHAMPION L.L.C/SMM-JT 100.000.00 .0% .0% CON-EQUIP LLC/SMM-JT 100,000.00 .0% .0% ENVIR OPP 500,000S1/SIvM-ST 310,000.00 .1% .1% ENVIRON OPP FUND II/SMM-JT 112,800.00 .0% .0% KESTREL VENTURES, LLC 59,920.00 .0% .0°0 MV PTRNS-CYBER DIALOGUE 346,500.00 .1% .1% USA CAFE LLC/SMM-JT 30,526.00 .0% .0% Y2K ENERGY CO., LTD. 1,110,000.00 .3% .3% Total Other Investment-Passive: 3,487,945.00 .8% .8% TOTAL LONG-TERM INVESTMENTS 31,162.66+.14 7.1% 7.1% RETIREMENT/DEFERRED ASSETS IRA: % .0% PAINE WEBBER-IRA/KLL-PW 66,134.29 ~~ l 0,' Total IRA: 66,134.29 .0% .0% IRA'Spouse: ( PAAJNE WE BBER-IRA/LPL-PW 66.217.97 .0% .0% Total IR.-VSpouse: 6b,217.97 .0% .0% Keoch Account: SCUDDER GRWTH & INC/KLL ~0W t O SCUDDER INCOME/KLL 366, 772.46 45 I'- f 608 23 .1% 0% .1% 0% . , . . SCUDDER ST BOND/KLL 25,404.00 yr .0% .0% Total Keooh Account: 415,784.94 .1% .1% Retirement Plan: l ioV^J P ENRON-RETIREMENT V"S 4,093,696.00 ) g01 4 .9% ENRON SAVINGS RO/PW401K (ewv- ia.I) 5,533,713.00 1.3% 1 1.3% r ENRON SAV RO MMA/PW401K / 10257.57 .0% .0% ENRON SAVINGS 401(K) (tKv, A S+oJK) & ~C`1 1,24326.38 (Fnevn P!--) .3% .3% O ' / V/1FID GROWTH CO 401(KyKLL i/ 24,135.69 .0% .0% FID OTC 401 (K)/KLL V3 D OVERSEAS 401(KVKLL y3 16,467.79 25 005 99 .0% 0% .0% 0% . . y . . FED MAGELLAN 401(KYKLL7 59.266.56 .0% .0% ~ ~ < Page 5 > LAY-G39 0148 LBF002-00633 ============= Page 7 of 9 ============= February 18, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS. As of: January 31, 2000 Balance % of Total Assets % of Wo rhn~ Assets Total Retirement Plan: 11.005,808.98 2.5% 2.5% ensat'n Plan: i ~•+ Z~4 NJr~a-^~S ~D Q/~`^u''y 1" 1°~i°~ Deferred Com p HNG PLAN-85 69.670.00 E~~ro~ PIE (ZOI Cxr 0% .0% ENRON DEFERRED COMP-85 L ; ke a Pw.<4O3,178,450.76 "r°'^ Ply. ? 7% 7% ENRON DEFERRED COMP-94 974,323.82• I~ `" .2% 000 ~ ~' °~°~~,,, ~S 01 ` ENRON PHANTOM STOCK DEF ~p^ !~ 1,441,313.54 . yQS .3 / 3IIio s LLy sfe~k ELI LILLY DEFERRED COMP 1,068.999.88 I (~ l20 . .2% .2% elo^ Sa Total Deferred Compensat'n Plan: 6,733.263.30 1.5% 1.5% TOTAL RETIREMENT/DEFERRED ASSETS l8.28-/,20-9.48- 4.2% 4.2% TOTAL WORKING ASSETS 436,480,645.84 99.5% 100.0% PERS ONAL/NON-EARNING ASSET Automobile(s): 90 JEEP WRANGLER 92 4WD JEEP CHEROKEE 93 MERCEDES 600SL 95 LT SUBURBAN CHEVY 96 RANGE ROVER 99 MERCEDES ML430 97 SUBURBAN CHEVY 00 MERCEDES S500V 00 YELLOW JEEP WRANGLER 00 SILVER JEEP WRANGLER 00 RED JEEP WRANGLER Total Automobile(s): Home Furnishings: HOME FURNISHINGS/HUNT HOME FURNISHINOS/LO OSCAN HOME FURNISHINGS/ASPEN HOME FURNISHINGS/B-3431 HOME FURMSHINGS/B-3429 HOME FURNISHINGS/B-3433 HOME FURNISHINGS/SPRING Total Home Furnishings: Other Vehicles & Equip: BW 21' OUTRAGE BOAT DUFFY 18' ELECTRIC BOAT HURRICANE 19' SPIRIT CANOE SUPER SPORT BOAT 1997 Total Other Vehicles & Equip: TOTAL PERSONAL/NON-EARNING ASSET 6.525.00 .0% 11,750.00 .0% 63,975.00 .0% 21,365.22 .0% 43, 525.00 .0% 52.693.33 .0% 29,393.30 .0% 98,701.59 .0% 23,259.26 .0% 23,303.14 .0% 22,450.70 .0% 397, 741.54 .1% 1,039.412.54 .2% 42,025.59 .0% 138.984.11 .0% 163,984.20 .0% 80,833.15 .0% 33,761.40 .0% 31.165.00 .0% 1,580,165.99 .4% 49,327.00 .0% 14,131.2_5 .0% 22,695.14 .0% 406.43 .0% 33,502.74 .0% 120.062.56 .0% 2.097.970.09 .5% < Page 6 > LAY-G39 0149 BF002-00634 ============= Page 8 of 9 ============= February 18, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: January 31, 2000 Balance % of T otal Asses % of Worl ang Assets TOTAL ASSETS 435,733,742.40 100.0% LIABILITIES CURRENT LIABILITIES Credit Cards: AMER EXPRESS/RL -26,018.06 .0% .0% AMERICAN EXPRESS -41,495.95 - .0% .0% MASTERCARD 5551 4,272.72 .0% .0% NEIMAN MARCUS 1314 -46,658.66 .0% .0% NEIMAN MARCUS 7487 -213.57 .0% .0% VISA GOLD 4151 5,244.87 .0% .0% Total Credit Cards: -104,868.65 .0% .0% Notes Payable: CHASE BANK LOC 6,867,000.00 1.6% 1.6% COMPASS BANKLOC 5,689,871.12 1.3% 1.3% ENRON CORP. LOAN 2,000,000.00 .5% .5% BANK OF AMER 537.5M NON 28.609,999.56 6.6% 6.6% PAINE WEBBER-LOC/PW-97 9,988.960.63 2.3% 2.3% ACCT PAYABLE (ST)-ENRON 182,529.07 .0% .0% Total Notes Payable: 53,338,360.38 12.2% 12.3% Security Deposits: SEC DEPOSIT/Z- 191 SSR 1,550.20 .0% .0% SEC DEPOSITIZ-1856MAR 125.00 .0% .0% SEC DEPOSIT/Z-MCDUF 150.00 .0% .0% Total Security Deposits: 1,825.20 .0% .0% Margin Acct Liability: PAINS WEBBER MARGIN/PW-99 1,555,016.27 .4% .4% Total Margin Acct Liability: 1,555,016.27 .4% .4% TOTAL CURRENT LIABILITIES 54,790,333.20 12.6% 12.6% LONG-TERM LIABILITIES Home Mortgage: BANK OF AMER/LOOSCAN 625,476.25 .1% .1% BANK OF AMER/HUNTINGDON 4,419,088.87 1.0% 1.0% BANK OF AMER/HUNT #2 LIEN 495, 896.50 .1% .1% BANK OF AMER/HUNT #3 LIEN 496,831.73 .1% .1% Total Home Mortgage: 6,037,293.35 1.4% 1.4% Other Real Estate Mtge: BANK OF AMER/ASPEN 1,530,801.34 .4% .4% CITICORP MORTGAGE/B-3431 220,228.89 .1 % .1 % < Page 7 > LAY-G39 0150 LBF002-00635 ============= Page 9 of 9 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: January 31, 2000 BANK OF AMER/LOTS BANK OF AMER/B-3429 BANK OF AMER/B-3433 BANK OF AMER/REBA BANK OF AMER/2514 AVALON BANK OF AMER/CREEKSTONE BANK OF AM/SPRING ST Total Other Real Estate Mtge: Investment Liabilities: BANK OF AMER/WESTGATE LOT Total Investment Liabilities: Deferred Tax Liabilities: DEF TAX LIAB-STK OPT ONLY Total Deferred Tax Liabilities: TOTAL LONG-TERM LIABILITIES BUSINESS LIABILITIES Employer Taxes/Bus: FICA WITHHELD-EE (TX) FICA WITHHELD-LPL EE(TX) FIT WITHHELD-EE (TX) FIT WITHHELD-LPL EE(TX) SIT WITHHELD-EE (MO) SIT WITHHELD-EE (HH-CO) Total Employer Taxes/Bus: Accrued FICA Tax/Business: FICA PAYABLE-ER (TX) FICA PAYABLE-LPL ER(TX) Total Accrued FICA Tax/Business: TOTAL BUSINESS LIABILITIES TOTAL LIABILITIES NET WORTH TOTAL N= WORTH TOTAL LIABILITIES AND NET WORTH February 18, 2000 Balance % of Total Assets % of Worla ng Assets 103,094.83 .0% .0% 246.324.29 532.283.85 . .1% .1% 323,778.81 .1 % .1 % 225,000.00 .1% .1% 1,200.000.00 .3% .3% 4,295.326.42 1.0% 1.0% 8,676,838.43 - 2.0% 2.0% 191.250.00 .0% .0% 191,250.00 .0% .0% 95, 803.778.00 22.0% 22.1% 95,803,778.00 22.0% 22.1% 110,709,159.78 25.4% 25.5% 36,136.50 .0% .0% 4,275.90 .0% .0% 71,578.30 .0% .0% 7,232.00 .0% .0% 355.20 .0% .0% 108.00 .0% .0% 119, 685.90 .0% .0% 36,138.37 .0% .0% 4,275.90 .0% .0% 40,414.27 .0% .0% 160,100.17 .0% .0% 165,659.593.15 38.0% 38.2% 270,074,149.25 62.0% 62.3% 435.733,742.40 100.0% < Page 8 LAY-G39 0151 _BF002-00636