============= Page 1 of 12 ============= Ken and Linda Lay Balance Sheet Comparison December 31, 2000 Current Assets Marketable Investments Corn & Pref Stocks 11130/00 6,502,844 142,189,724 12131100 Variance 9,545,297 3,042,453 Add'I note receivables-MKL, ELV and G. Kinnear 182,711,424 40,521,700 ENE inc. $18.375 from pr. Mo.: CPQ dec. $6.45 from pr. Mo.; 75,000 shs ENE gifted to Fdn.; 47,320 ENE shs repaid LOC; Add'I ENE & CPQ due to redempt Executive Stock Options 99,493,183 164,308,683 64,815,500 ENE inc. $18.375 from pr. Mo.; CPQ dec. $6.45 from pr. Mo.; 472,660 add'I ENE st opt vested Bonds 601,200 853,888 252,688 Flashfind Corporation Mutual Funds 8,994,143 7,940,796 (1,053,347) Sale of TCW Small Grwth Fund Partnerships (Family)* 46,737,194 30,757,351 (15,979,843) Redemption 12/08/00 Long Term Investments 48,752,183 49,942,782 1,190,599 MILAND Invest., Nolana Ltd., Cap Call SRE Prop. & Vanguard Retirement/Deferred Assets 57,510,346 68,500,780 10,990,434 Increase in ENE Personal Non Earning Assets 3,191,543 3,495,989 304,446 Huntingdon Furnishings Current Liabilities (84,876,804) (83,295,522) 1,581,282 $4M pay down on BA from Enron, 47,320 shares of ENE used to pay down Enron loan less investments & expenses Long Term Liabilities (89,863,221) (126,412,177) (36,548,956) Increase in Def. Tax Liability, Business Liabilities (263,645) (275,029) (11,384) NET WORTH $238,968,690 $ 308,074,262 69,105,572 ' Value based on FMV of partnership assets. No discount for partnership interest is shown. NOTE: Net Worth of $308,074,262 does not reflect 1,778,218 unvested Enron stock options and 249,263 restricted shares of Enron Corp. Based on a FMV of $83.1251share as of 12/31/00, these options are valued at $83,481,772 and the restricted shares are valued at $20,719,987 totaling $104,201,759. The total value less deferred tax liability of 40% would add approximately $62,521,000 to the bottom line. LAY-G39 0022 LBF002-00742 GOVERNMENT EXHIBIT 222 Crim. No. H-04-25 (S-2) ============= Page 2 of 12 ============= Ken and Linda Lay Balance Sheet Comparison December 31, 2000 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 three secured notes in the amounts of $183,900 maturing on February 28, 2001, $250,000 and $275,000 maturing on October 23, 2001 with an interest rate of 30-Day LIBOR + 1.5% for his sister, Sharon Lay. These loans are collaterized by residential real estate. Linda has guaranteed a note secured by a 2000 Toyota Avalon in the amount of $26,949 and a note secured by a 2001 Toyota in the amount of $19,381. Linda has guaranteed a note in the amount of $130,000 maturing November 28, 2005 with an interest rate of 8.15% for Randy Gray. This loan is secured by residential real estate in Galveston. The outstanding commitments for various investments total $ 22,587,372. LAY-G39 0023 LBF002-00743 ============= Page 3 of 12 ============= List of Outstanding Commitments As of December 31, 2000 Total Outstanding PERSONAL Commitment Total Invested Commitment Capricorn Investors II LP 500,000 476,415 23,585 Capricorn Investors III LP 750,000 284,672 465,328 Carson Private European Fund l,hZ s p°0- 1,500,000 1,050,000 450,000 Chase Cap Ptrs Private Eq Fund 5,000,000 1,421,462 3,578,538 Corporate Opportunities Funds 750,000 375,000 375,000 Environmental Opportunities Fund 500,000 475,000 25,000 Environmental Opportunities II Fund 400,000 168,000 232,000 Lazard Technology Partners II LP 1,000,000 327,162 672,838 Murphree Venture Partners V, LP 500,000 100,000 400,000 SRE Properties Partnership No. 1, L.P. 2,500,000 960,000 1,540,000 Sterling Group Partners I, L.P. 2,500,000 2,500,000 Vanguard VII LP 3,000,000 600,000 2,400,000 Westbridge Ventures, L.P. 1,000,000 249,917 750,083 SUBTOTAL $ 19,900,000 $ 6,487,628 $ 13,412,372 List of Scheduled Commitments: Houston NFL Holdings 11,675,000 2,500,000 9,175,000 (Offset by Credit Facility at Bank of Am) TOTAL $ 31,575,000 $ 8,987,628 $ 22,587,372 Total Outstanding KLL & LPL INVESTMENTS, LTD. Commitment Total Invested Commitment Capricorn Investors III LP Carson Private Capital IV (Hicks Muse) DLJ Millennium Partners LP G S Private Equity Partners LP Lazard Technology Partners II LP Murphree Venture Partners V, LP Sevin Rosen VI Affiliates SRE Properties Partnership No. 1, L.P. Sterling Group Partners I, L.P. TCW/Hines Emerging Markets R E Vanguard VII LP Westbridge Ventures, L.P. TOTAL :.s 1. i 7. LAY-G39 0024 250,000 94,891 155,109 1,000,000 900,000 100,000 250,000 250,000 - 2,000,000 1,363,670 636,330 500,000 163,582 336,418 500,000 100,000 400,000 50,000 37,500 12,500 2,500,000 960,000 1,540,000 -2,500,000 2,500,000 1,000,000 365,566 634,434 2,000,000 400,000 1,600,000 500,000 124,958 375,042 $13,050,000 $ 4,760,167 $ 8,289,833 } 7s .BF002-00744 ============= Page 4 of 12 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of:. December 31, 2000 ASSETS CURRENT ASSETS Cash on Hand: CASH ON HAND/SK CASH ON HAND/PSTOKES CASH ON HAND/MSTURGIS CASH ON HAND/LEONA CASH ON HAND/PRAKER Total Cash on Hand: Checking Accounts: BANK OF AMERICA 0707 BANK OF AMER/LPL PROP BANK OF AMER/STOKES CHASE BANK CHECKING VECTRA BANK UNITY 109-900 Total Checking Accounts: Money Market Accounts: WASHINGTON DC ACCT Total Money Market Accounts: January 20, 2001 Balance % of Total Assets % of Working Assets 162.04 749.87 200.00 381.63 300.00 1,793.54 -50,963.42 21,881.24 1,822.50 339.00 3,552.12 9,587.07 -13,781.49 90,000.00 90, 000.00 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 .0% .0 Brokerage Accounts: CHARLES SCH-CAPROCK/SCH-CR 109,328.31 .0% .0 GOLDMAN SACHS/GS-61 169,402.52 .0% .0 GOLDMAN SACHS/GS-42 153,169.74 .0% .0 MORGAN STANLEY MMA/MS-36 373, 860.70 .1% .1 PAINE WEBBER MMA/PW-22 60.53 .0% .0 PAINE WEBBER CYPRESSIPW-43 -8,774.65 .0% .0 PAINE WEBBERHB/PW-65 18,084.05 .0% .0 PAINS WEBBER EGA/PW-11 87,444.32 .0% .0 SANDERS MORRIS MMA/SMH-JT 30,817.16 .0% .0 TCW CONC CORE ACCT 4,662.92 .0% .0 TCW MID CAP ACCT 62,894.89 .0% .0 WATERHOUSE SEC-MMA/WSI 1,194.57 .0% .0 Total Brokerage Accounts: - 1,002,145.06 .2% .2 Savings Accounts: ENRON CREDIT UNION/KLL 45.45 .0% .0 Total Savings Accounts: 45.45 .0% .0 Treasury Bills: SAVINGS BONDS 1,200.00 .0% .0 Total Treasury Bills: 1,200.00 .0% .0 Page 1 LAY-G39 0025 _BF002-00745 ============= Page 5 of 12 ============= January 20, 2001 Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: December 31, 2000 Balance % of Total Assets % of Workin e As sets Short-term Receivables: ACCT RECV-TDH 500,000.00 .1% .1 ACCT RECV-TDH (LOOSCAN) 1,000,000.00 .2% .2 ACCT RECV-MKL 150,000.00 .0% .0 ACCT RECV-MKL (OVERBROOK) 1,309,400.00 .3% .3 ACCT RECV-RENT DEP (#1000) 2,102.08 .0% .0 ACCT RECV-RENT DEP (#811) 1,058.33 .0% .0 ACCT RECV-S. HOBBS 75,000.00 .0% .0 ACCT RECV-D. HOBBS 75,000.00 .0% .0 ACCT RECV-RRH 20,000.00 .0% .0 ACCT RECV-RRH(DEL MONTE) 1,535.786.52 .3% .3 ACCT RECV-RRH (DICKEY) 135,000.00 .0% .0 ACCT RECV-BJONES 105,089.45 .0% .0 ACCT RECV-RV 42,094.75 .0% .0 ACCT RECV-JAL 7,878.89 .0% .0 ACCT RECV-ELV(FL) 580,000.00 .1% .1 ACCT RECV-ELV(TX) 790,242.27 .2% .2 ACCT RECV-G KTNNEAR 625,000.00 .1% .1 ACCT RECV-E MCELROY 3,050.00 .0% .0 ACCT RECV-MISC 3.80 .0% .0 ACCT RECV-RANDY GRAY 4,500.00 .0% .0 ACCT RECV-S. ADARO 6,900.00 .0% .0 ACCT RECV-A. PHILLIPS 37,000.00 .0% .0 Total Short-term Receivables: 7,005,106.09 1.4 1.4 Notes Receivable: FAM PTRNS ANNUITY-2/KLL 730,081.17 .1% .1 FAM PTRNS ANNUITY-2/LPL 728,707.10 .101/0 .1 Total Notes Receivable: 1,458,788.27 .3% .3 TOTAL CURRENT ASSETS 9,545,296.92 1.8 1.9 MARKETABLE INVESTMENTS Enron Corp. $ 142,218,895.13 Common Stock 7 691 00 933 LLr , . , Fayez Sarofim Mgmt.-Com 3,311,877.44 Sanders Morris Mundy-Com - 1,207,937.31 Cypress Asset Mgmt.-Com. 3,535,229.89 Goldman Sachs-Com 2,105,540.95 IAA}$1163.93 Goldman Sachs-Internet 764,833.60 I Caprock Capital Advisors 718,503.22 r y~ NPw) Harris Bretall 434,241.3 CAf j f p~rp,, 3S~ ~} p PaineWebber Core Hold. 5,333,972.69 _ mow b,.ec~r TCW Core Equity 746,603.08 TCW Mid Cap Equity 2,019,155.59 S ,~30 rog3 49 Morgan Stanley & Co. 1,190,304.60 / j Eagle Global 1,274,620.62 Privately-Held Stock 4,916,018.28 -? LAY-G39 0026 Page 2 LBF002-00746 ============= Page 6 of 12 ============= January 20, 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2000 Balance % of Total Assets % of WorkinE Assets Vested Exec Stock Options: CPQ ESO4-97 4370SH 30,721.10 .0% .0 CPQ ESO 4-98 2,424 SHS 1,478.64 .0% .0 CPQ ESO 4-99 2,953 SHS 9,449.60 .0% .0 ENE ESO 2-94 118,000 SHS 7,832,250.00 1.5 1.5 ENE ESO 2-94 29,778 SHS 1,969,070.25 .4% .4 ENE ESO 12-95 203,140 SHS 13.014,164.10 2.5 2.5 ENE ESO 1-96 44,428 SHS 2,876,490.86 .6% .6 ENE ESO 12-96 118,620 SHS 7,302,840.30 1.4 1.4 ENE ESO 1-97 113,090 SHS 6,884,353.75 1.3 1.3 ENE ESO 1-97 935,000 SHS 57,441,725.00 11.1 11.2 ENE ESO 1-98 95,388 SHS 6.015,644.22 1.2 1.2 ENE ESO 12-98 442.988 SHS 24.184.929.86 4.7 4.7 ENE ESO 12-99 650,000SHS 29,857,750.00 5.8 5.8 ENE ESO 1-00 192.309SHS 6,887,546.84 1.3 1.3 ENE ESO 2-00 13 SHS 268.13 .0% .0 Total Vested Exec Stock Options: 164,308.682.65 31.7 31.9 Corporate Bond-Convertibl: LAKEWOOD SPORT CONV/SMH-JT 52,250.00 .0% .0 LAKEWOOD SPORT-1/SMH-JT 52,250.00 .0% .0 LAKEWOOD SPRT CONV2/SMH-JT 30,041.00 .0% .0 EARTHCARE CO DEB/SMH-JT 100,000.00 .0% .0 EARTHCARE CO 1534SH/SMH-JT 1,534.00 .0% .0 EARTHCARE CO 2531SH/SMH-JT 2,531.00 .0% .0 EARTHCARE CO 2594SH/SMH-JT 2.594.00 .0% .0 EARTHCARE CO 2688SH/SMH-JT 2,688.00 .0% .0 EVELOCITY CORP NOTE NO. 1 150,000.00 .0% .0 EVELOCITY CORP NOTE NO. 2 150,000.00 .0% .0 FLASHFIND CORPORATION 250,000.00 .0% .0 - , PHOTOFETE.COM CONVERT NOTE ~ 60,000.00 .0% .0 -- Total Corporate Bond-Convertibl: (_o 853,888.00 .2% .2 Mutual Funds: gl0-- GS 1999 EXCH FND/GS 6,476,023.40 1.3 1.3 TCW SELECT EQUITIES FUND 797,248.62 ` ~ 2% .2 q} TCW AGRESSIVEGRWTH/NB - 592,433.10 l,`{~ ~~ f r ' .1% .l TCW AGRESS GRWTH LT 75,091.25 .0% .0 Total Mutual Funds: 7,940,796.37 1.5 1.5 Partnerships-other. KLL & LPL INVESTMENT PTRNS . , 29,140,601.00 5.6 5.7 KLL & LPL FAMILY PTRNS 1,616,750.00 .3% .3 Total Partnerships-other. 30,757,351.00 5.9 6.0 TOTAL MARKETABLE INVESTMENTS 386,572,142.74 74.6 75.1 Page 3 LAY-G39 0027 LBF002-00747 ============= Page 7 of 12 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2000 January 20, 2001 Balance % of Total Assets % of Working Assets LONG-TERM INVESTMENTS Residence: REAL ESTATE/HUNTINGDON 10,074,287.21 1.9 2.0 Total Residence: 10,074,287.21 (/ 1.9 2.0 Real Estate Other Homes: REAL ESTATE/ASPEN 2,867,563.59 .6% .6 REAL ESTATE/ASPEN2 5,606,808.03 1.1 1.1 REAL ESTATE/ASPEN3 6.251,793.78 1.2 1.2 PIRATES' COVE LOTS 299,742.66 .1% .1 REAL ESTATE/B-3431 447,544.79 .1% .1 REAL ESTATE/B-3429 695,917.34 .1% .1 REAL ESTATE/B-3433 859,357.60 .2% .2 REAL ESTATE/REBA 492,639.61 .1% .1 REAL ESTATE/CREEKSTONE LOT 1,700,804.25 .3% .3 REAL ESTATE/WESTGATE 283.195.50 .1% .1 REAL ESTATE/2514 AVALON 283,421.38 .1% .1 Total Real Estate Other Homes: 19,788,788.53 3.8 3.8 Real Estate Active Rental: REAL ESTATE/1741SR 147,309.00 .0% .0 REAL ESTATE/1852MAR 104,044.97 .0% .0 REAL ESTATE/1856MAR 173,048.67 .0% .0 REAL ESTATE/1918SR 243,875.17 .0% .0 REAL ESTATE/KINGS 190.000.00 .0% .0 REAL ESTATE/VIKING 60,000.00 .0% .0 REAL ESTATE/MEXICO MO 240,026.00 .0% .0 REAL E STATE/2 40 3 AVAL ON 944,179.00 / .2% .2 Total Real Estate Active Rental: 2,102,482.81 .4% .4 Real Estate Passive: BLENHEIM APARTS, LTD. 225,000.00 .0% .0 COLORADO OASIS LTD. 223,448.00 .0% .0 CREEKSTONE SOUTH RICE PTR$, 291,800.00 .1% .1 CREEKSTONE WALNUT LP 750,000.00 .1% .1 DYMAXION APARTMENTS, LTD - 22,422.00 .0% .0 JESTER APTS PARTNERS,LP 470, 413.00 .1% .1 J.T.FAM.SR. INVEST., LTD. 451,408.00 .1% .1 LAKE CHARLES APTS., LTD. 240,000.00 .0% .0 MILAND INVESTMENTS LLC 844,370.60 .2% .2 NOLANA, LTD. 186,000.00 .0% .0 SRE PROPERTIES PTR NO. 1 960,000.00 .2% .2 TRAILSIDE APTS, LTD. 500,000.00 .1% .1 W.E. TRADE INVESTMENTS LTD 259,597.00 .1% .1 Page 4 LAY-G39 0028 -BF002-00748 ============= Page 8 of 12 ============= January 20, 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2000 Balance % of Total Assets % of Workin2 Assets W.A.REHAUSENLOT INV LTD 116,312.00 .0% .0 Total Real Estate Passive: 5,540, 770.60 ,/ 1.1 1.1 Farming Interests: 11 ACRES ILLINOIS Total Farming Interests: Other Investments: BROADWING, LLC CAPRICORN INVESTORS II LP CAPRICORN INVESTORS III CARSON PRIV CAP EUROPE LP CARSON LEGEND LP CHASE CAP PTRS PRV FUND CORPORATE OPPT FUND/Siv1H-JT CHAMPION L.L.C/SMH-JT CON-EQUIP LLC/SMH-JT CON-EQUIP II LLC/SMH-JT ENVIR OPP 500.000SH/SMH-JT ENVIRON OPP FUND II/SMH-JT HOUSTON NFL HOLDINGS 2.5% KESTREL VENTURES, LLC LAZARD TECH PTRS II LP LOMBARDI LLC/SMH-JT MURPHREE VENTURE PTRS LP MV PTRNS-CYBER DIALOGUE MV PARTNERS SANDERS OPPORT FUND/SMH-JT TACONIC CAPITAL PTRS LP TCW WESTBRIDGE VENTURES VANGUARD VII LP Total Other Investments: TOTAL LONG-TERM INVESTMENTS 4,500.00 .0% .0 4,500.00 .0% .0 100,000.00 .0% .0 594,955.00 .1% .1 286.024.00 .1% .1 1,025.818.00 2%,0 250,000.00 .0% .0 1,481,659.09 .3% .3 423,000.00 .1% .1 96,812.00 .0% .0 100,000.00 .0% .0 43,600.00 .0% .0 272, 000.00 .1% ,1 86, 800.00 .0% .0 2,500,000.00 .5% .5 42,441.59 .0% .0 327,162.00 .1% .1 40, 83 2.50 .0% .0 100,000.00 .0% .0 346, 500.00 .1% .1 250,000.00 .0% .0 603,500.00 .1% .1 2, 610, 93 2.00 .5% .5 249,917.00 .0% .0 600,000.00 .1% .1 12,431,953.18 2.4 2.4 49, 942, 782.33 9.6 9.7 RETIREMENT/DEFERRED ASSETS IRA: PAINS WEBBER-IRA/KLL-PW - 59,837.70 .0% .0 Total IRA: 59, 83 7.70 .0% .0 IRA/Spouse: PAINE WEBBER-IRAILPL-PW 59,868.29 .0% .0 Total IRA/Spouse: 59, 868.29 .0% .0 Retirement Plan: ENRON-RETIREMENT 4,093, 696.00 .8% .8 Page 5 LAY-G39 0029 LBF002-00749 ============= Page 9 of 12 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2000 ENRON SAVINGS RO/PW401 K ENRON SAV RO MMA/PW401K KEOGH MMA/PW-18 KEOGH MUNDER TECH/PW-18 ENRON SAVINGS 401(K) FID GROWTH CO 401(K)/KLL FID OTC 401(K)/KLL FID OVERSEAS 401(K)/KLL FID MAGELLAN 401(K)/KLL MANULIFE ANN KLL/PW-R MANULIFE ANN LPL/PW-R Total Retirement Plan: Balance °/R of Total As sets 6,784,413.13 -- 1.3 52,580.85 .0% 2,384.13 .0% 252.871.3 .0% 1,522,304.70 - .30//0 23,942.62 .0% 12,813.76 1 .0% 22.698.64 (>3 X26. `/ .0-/10 ) 58,473.70 .0% 4,044.92 7.43 .8% 3.470, 770.19 .7% 20.341.8 76.45 3.9 Deferred Compensat'n Plan: HNG PLAN-85 ENRON DEFERRED COMP-85 ENRON DEFERRED COMP-94 ENRON PHANTOM STOCK DEF ELI LILLY DEFERRED COMP TCW DEFERRED COMP Total Deferred Compensat'n Plan: TOTAL RETIREMENT/DEFERRED ASSETS TOTAL WORKING ASSETS PERSONAL/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 MERCEDES ML55 00 MERCEDES G500 LWB 00 YELLOW JEEP WRANGLER 00 SILVER JEEP WRANGLER 00 RED JEEP WRANGLER 01 GMC DENALI 01 GMC YUKON 01 GRAND CHEROKEE Total Automobile(s): Home Furnishings: 83.604.00 0% 3,329,400.68 ( l ~~, Io9~S8 .7% 1.221.183.39 .2% 41.551.921.51 8.0 1,645.849.68 1~s3, a, 93 .3% 7.238.25 .00,0 4&039,197.51 9.3 68,500, 779.95 r 13.2 514, 561,001.94 99.3 6,825.00 .0% 11.750.00 .0% 63,975.00 .0% 21,365.22 .0% 43,525.00 .0% 52,693.33 .0% 29,893.30 .0% 98, 701.59 .0% 73,348.19 .0% 149,176.18 .0% 23,259.26 .0% 23,303.14 .0% 22,450.70 .0% 47,272.40 .0% 1,000.00 .0% 37,741.28 .0% 706,279.59 .1% Page 6 January 20, 2001 of Worl dnaets 1.3 .0 .0 .0 .3 .0 .0 .0 .0 .8 .7 4.0 .0 .7 .2 8.1 .3 .0 9.3 13.3 100.0 LAY-G39 0030 LBF002-00750 ============= Page 10 of 12 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2000 Balance % of Total A ssets HOME FURNISHINGS/HUNT 1,923,727.62 .4% HOME FURNISHINGS/ASPEN 138,984.11 .0% HOME FURNISHINGS/B-3431 163,984.20 .0% HOME FURNISHINGS/B-3429 80,833.15 .0% HOME FURNISHINGS/B-3433 101,410.86 .0% HOME FURNISHING S/ASPEN2 236,641.69 .0% Total Home Furnishings: 2,645,581.63 .5% January 20, 2001 % of Workin; Assets Other Vehicles & Equip: BW 21' OUTRAGE BOAT 49,327.00 .0% DUFFY 18'-I 19.098.00 .0% DUFFY 18'-1 19.098.00 .0% HURRICANE 19' 22.695.14 .0% SPIRIT CANOE 406.43 .0`4a SUPER SPORT BOAT 1997 33.502.74 .0% Total Other Vehicles & Equip: 144.12 7.31 .0% TOTAL PERS ONAL/NON- EARNING ASSET 3,495.988.53 .7°% TOTAL ASSETS 518,056.990.47 100.0 LIABILITIES CURRENT LIABILITIES Credit Cards: VISA GOLD 4151 1,931.33 .0% .0 Total Credit Cards: 1,931.33 .0% .0 Notes Payable: CHASE BANK LOC 8,363,500.00 1.6 1.6 COMPASS BANKLOC 4,439,871.12 .9% .9 BANK OF AMER S40M NON 30,219,391.70 5.8 5.9 PAINS WEBBER-LOC/PW-42 26,656.549.66 5.1 5.2 ACCT PAYABLE (ST)-ENRON 27,632.35 .0% .0 Total Notes Payable: 69,706,944.83 13.5 13.5 Security Deposits: SEC DEPOSIT/Z-1918SR 850.20 .0% .0 SEC DEPOSIT/Z- 1856MAR - 125.00 .0% .0 SEC DEPOSIT/Z-MCDUF 400.00 .0% .0 Total Security Deposits: 1,375.20 .0% .0 Margin Acct Liability: PAINE WEBBER MARGIN/PW-44 . , 1,657,847.83 .3% .3 PAINE WEBBER MARGIN/PW-33 11,927,422.77 2.3 2.3 Total Margin Acct Liability: 13,585,270.60 2.6 2.6 TOTAL CURRENT LIABILITIES 83,295,521.96 16.1 16.2 Page 7 LAY-G39 0031 -BF002-00751 ============= Page 11 of 12 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2000 January 20, 2001 Balance % of Total . Assets % of Working sets LONG-TERM LIABILITIES Home Mortgage: BANK OF AMER/HUNTINGDON 4,372,680.20 .8% .8 BANK OF AMER/HUNT #2 LIEN 490,931.90 .1% .1 BANK OF AMER/HUNT #3 LIEN 492,037.76 .1% .1 Total Home Mortgage: 5,355,649.86 1.0 1.0 Other Real Estate Mtge: BANK OF AMER/ASPEN 1,510,425.42 .3% .3 CITICORP MORTGAGE/B-3431 202,233.17 .0% .0 BANK OF AMER/B-3429 240,695.43 .0% .0 BANK OF AMER/B-3433 526,207.77 .1% .1 BANK OF AMER/REB A 319, 667.44 .1% .1 BANK OF AMER/2514 AVALON 225,000.00 .0% .0 BANK OF AM/ASPEN2 4,282.832.34 .8% .8 BANK OF AM/ASPEN3 5.517,712.99 1.1 1.1 BANK OF AM ER/2 40 3 AVAL ON 841.500.00 .2% Total Other Real Estate Mtge: 13,666,274.56 2.6 2.7 Investment Liabilities: BANK OF AMER/CREEKSTONE 1,200, 000-00 t .2% .2 BANK OF AMER/GALV LOTS 91,693.57 .0% .0 BANK OF AMER/WESTGATE LOT 191,250.00 .0% .0 BK OF AM/CREDIT FACILITY 2,500,000.00 ~,(t .5% .5 Total Investment Liabilities: 3,982,943.57 .8% .8 Deferred Tax Liabilities: DEF TAX LIAB-STK OPT ONLY 103,407,309.20 20.0 20.1 Total Deferred Tax Liabilities: 103,407.309.20 20.0 20.1 TOTAL LONG-TERM LIABILITIES 126,412,177.19 24.4 24.6 BUSINESS LIABILITIES Employer Taxes/Bus: FICA WITHHELD-EE (TX) 61,018.75 .0% .0 FICA WITHHELD-LPL EE(TX) 8,132.72 .0% .0 FIT WITHHELD-EE (TX) - 121,877.05 .0% .0 FIT WITHHELD-LPL EE(TX) 13,964.00 .0% .0 SIT WITHHELD-EE 355.20 .0% .0 SIT WITHHELD-EE (HH-CO) 528.00 .0% .0 Total Employer Taxes/Bus: 205,875.72 .0% .0 Accrued FICA Tax/Business: FICA PAYABLE-ER (TX) 61,020.62 .0% .0 FICA PAYABLE-LPL ER(TX) 8,132.72 .0% .0 8 LAY-G39 0032 P, rtA/ _BF002-00752 ============= Page 12 of 12 ============= January 20, 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2000 Balance % of Total Assets Total Accrued FICA Tax/Business: 69,153.34 .0% TOTAL BUSINESS LIABILITIES 275,029.06 .1% TOTAL LIABILITIES 209,982,728.21 40.5 NET WORTH TOTAL NET WORTH TOTAL LIABILITIES AND NET WORTH 308, 074,262.26 59.5 518, 05 6, 990.47 100.0 Page 9 °/p of Working Assets .0 .1 40.8 59.9 LAY-G39 0033 LBF002-00753