============= Page 1 of 12 ============= Ken and Linda Lay Balance Sheet Comparison February 28, 2001 ENE $ 80.0000 $ CPQ $ 23.7100 $ 1/31/01 Current Assets 11,179,810 Marketable Investments Corn & Pref Stocks 197,783,328 Executive Stock Options 179,087,975 68.5000 20.2000 2/28/01 11,831,066 Variance 651,256 Add'I monies in brokerage accts due to stock opt exercises and stock sales 167,503,316 (30,280,012) 50,814 ENE shs used to pay off $4M loan at ENE 136,758,048 (42,329,927) 47,500 ENE stock opt exec under plan Bonds 856,645 907,551 50,906 Mutual Funds 8,230,053 6,969,297 (1,260,756) Partnerships (Family)* 36,315,533 29,565,131 (6,750,402) Long Term Investments 52,616,606 53,112,675 496,069 Cap Calls-Capricorn III, Carson Private Europe and Chase Cap Ptrs Retirement/Deferred Assets 67,205,957 58,542,436 (8,663,521) Personal Non Earning Assets 3,664,663 3,669,177 4,514 Current Liabilities (85,349,879) (77,943,507) 7,406,372 $4M LOC paid off at ENE, Bonus used to paid down BA LOC and Chase Long Term Liabilities (140,840,012) (114,584,123) 26,255,889 Decrease in Def. Tax Liability Business Liabilities (287,067) (296,291) (9,224) NET WORTH $ 330,463,612 $ 276,034,776 (54,428,836) * Value based on FMV of partnership assets. No discount for partnership interest is shown. NOTE: Net Worth of $276,034,776 does not reflect 1,523,300 unvested Enron stock options and 151,948 restricted shares of Enron Corp. Based on a FMV of $68.50/share as of 2/28/01, these options are valued at $35,944,340 and the restricted shares are valued at $10,408,438 totaling $46,352,778. The total value less deferred tax liability of 40% would add approximately $27,811,667 to the bottom line. LAY-G32 1349 LBF002-00766 GOVERNMENT EXHIBIT 224 Crim. No. H-04-25 (S-2) ============= Page 2 of 12 ============= Ken and Linda Lay Balance Sheet Comparison February 28, 2001 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 $250,000 and $275,000 maturing on October 23, 2001 and a construction loan in the amount of $1,230,000 maturing on January 17, 2003 for his sister, Sharon Lay, These loans all have an interest rate of 30-Day LIBOR + 1.5% and 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 $ 19,621,882. LAY-G32 1350 BF002-00767 ============= Page 3 of 12 ============= List of Outstanding Commitments As of February 28, 2001 Total Outstanding PERSONAL Commitment Total Invested Commitment Capricorn Investors II LP Capricorn Investors III LP Carson Private European Fund Chase Cap Ptrs Private Eq Fund Corporate Opportunities Funds Environmental Opportunities Fund Environmental Opportunities II Fund Lazard Technology Partners II LP Murphree Venture Partners V, LP SRE Properties Partnership No. 1, L.P. Sterling Group Partners I, L.P. Vanguard VII LP Westbridge Ventures, L.P. SUBTOTAL List of Scheduled Commitments: Houston NFL Holdings (Offset by Credit Facility at Bank of Am) TOTAL Total Outstanding KLL & LPL INVESTMENTS, LTD. Commitment Total Invested Commitment 500,000 476,415 23,585 750,000 402,811 347,189 1,625,000 1,137,500 487,500 5,000,000 1,806,313 3,193,687 750,000 375,000 375,000 500,000 475,000 25,000 400,000 168,000 232,000 1,000,000 327,162 672,838 500,000 100,000 400,000 2,500,000 960,000 1,540,000 2,500,000 2,500,000 3,000,000 600,000 2,400,000 1,000,000 249,917 750,083 $ 20,025,000 $ 7,078,118 $ 12,946,882 11,675,000 5,000,000 6,675,000 $31,700,000 $ 12,078,118 $ 19,621,882 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 250,000 134,271 115,729 1,000,000 900,000 100,000 250,000 250,000 - 2,000,000 1,399,764 600,236 500,000 163,582 336,418 500,000 100,000 400,000 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 $ 4,835,641 $ 8,214,359 LAY-G32 1351 LBF002-00768 ============= Page 4 of 12 ============= March 14, 2001 Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 Balance % of Total Assets % of Working Assets ASSETS CURRENT ASSETS Cash on Hand: CASH ON HAND /SK 124.49 .0 .0 CASH ON HAND/PSTOKES 565.32 .0 .0 CASH ON HAND/MSTURGIS 200.00 .0 .0 CASH ON HAND/LEONA 381.63 .0 .0 CASH ON HAND/PRAKER 300.00 .0 .0 CASH ON HAND/BVLILT 790.56 .0 .0 Total Cash on Hand: 2,362.00 .0 .0 Checking Accounts: BANK OF AMERICA 0707 95,561.49 .0 .0 BANK OF AMER/LPL PROP 3,354.56 .0 .0 BANK OF AMER/STOKES 6,840.95 .0 .0 CHASE BANK CHECKING 821.80 .0 .0 VECTRA BANK 2,853.41 .0 .0 UNITY 109-900 10,507.60 . .0 .0 Total Checking Accounts: 119,939.81 .0 .0 Money Market Accounts: WASHINGTON DC ACCT Total Money Market Accounts: Brokerage Accounts: CHARLES SCH-CAPROCK/SCH-CR GOLDMAN SACHS/GS-61 GOLDMAN SACHS/GS-42 MORGAN STANLEY MMA/MS-36 PAINE WEBBER MMA/PW-22 PAINE WEBBER CYPRESS/PW-43 PAINE WEBBER HB/PW-65 PAINE WEBBER EGA/PW-11 SANDERS MORRIS MMA/SMH-JT PAINE WEBBER TCW CE/PW-71 PAINE WEBBER TCW MC/PW-72 Total Brokerage Accounts: Savings Accounts: ENRON CREDIT UNION/KLL Total Savings Accounts: Treasury Bills: SAVINGS BONDS Total Treasury Bills: 90,000.00 .0 .0 90,000.00 .0 .0 61,164.11 .0 .0 167,928.69 .0 .0 192,813.72 .0 .0 173,723.19 .0 .0 609,181.87 -1 .1 1,361.13 .0 .0 41,200.88 .0 .0 127,288.54 .0 .0 22,021.36 .0 .0 7,816.55 .0 .0 33,257.56 .0 .0 1,43 7,75 7.60 .3 .3 45.45 .0 .0 45.45 .0 .0 1,200.00 .0 .0 1,200.00 .0 .0 < Page 1 LAY-G32 1352 LBF002-00769 ============= Page 5 of 12 ============= Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 March 14, 2001 Balance % of Total Assets % of Working Assets Short-term Receivables: ACCT RECV-KLL & LPL INVEST ACCT RECV-TDH ACCT RECV-TDH (LOOSCAN) ACCT RECV-MKL ACCT RECV-MKL (OVERBROOK) ACCT RECV-RENT DEP (#1000) ACCT RECV-RENT DEP (#811) ACCT RECV-S. HOBBS ACCT RECV-D. HOBBS ACCT RECV-RRH ACCT RECV-RRH(DEL MONTE) ACCT RECV-RRH (DICKEY) ACCT RECV-BJONES ACCT RECV-RV ACCT RECV-ELV(FL) ACCT RECV-ELV(TX) ACCT RECV-G KINNEAR ACCT RECV-E MCELROY ACCT RECV-MISC ACCT RECV-RANDY GRAY ACCT RECV-S. ADARO ACCT RECV-A. PHILLIPS ACCT RECV-T. ZILBERFARB Total Short-term Receivables: Notes Receivable: FAM PTRNS ANNUITY-2/KLL FAM PTRNS ANNUITY-2/LPL Total Notes Receivable: TOTAL CURRENT ASSETS MARKETABLE INVESTMENTS Enron Corp. Common Stock Fayez Sarofim Mgmt.-Com Sanders Morris Mundy-Com Cypress Asset Mgmt.-Com. Goldman Sachs-Com Goldman Sachs-Internet Caprock Capital Advisors Harris Bretall PaineWebber Core Hold. TCW Core Equity TCW Mid Cap Equity Morgan Stanley & Co. Eagle Global 1,700,000.00 500,000.00 1,000,000.00 150,000.00 1,309,400.00 2,102.08 1,058.33 75,000.00 75,000.00 20,000.00 1,535,786.52 135,000.00 104,568.29 52,061.87 580,000.00 790,242.27 625,000.00 2,450.00 603.00 3,800.00 6,900.00 37,000.00 15,000.00 8,720,972.36 730,081.17 728,707.10 1,458,788.27 11,831,065.49 $ 126,983,245.00 10,194,064.00 3,116,101.42 220,003.23 3,265,411.99 1,942,054.10 676,695.13 668,599.55 280,569.52 4,700,115.51 633,122.59 1,593,280.15 1,086,662.93 1,133,722.91 Page 2 .4 .4 .1 .1 .2 .2 .0 .0 .3 .3 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .3 .3 .0 .0 .0 .0 .0 .0 .1 .1 .2 .2 .1 .1 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 1.9 1.9 .2 .2 .2 .2 .3 .3 2.5 2.5 LAY-G32 1353 LBF002-00770 ============= Page 6 of 12 ============= March 14, 2001 Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 Balance % of Total Assets % of Working Assets .0 .0 .0 .2 Privately-Held Stock: ACOUSTIC TECH 100,000 SH-B 210,000.00 .0 .0 AMER EQ LIFE HLDG/SMH-JT 199,875.00 .0 .0 AMER EQ LIFE 2500/SMH-JT 39,975.00 .0 .0 DR RED DUKE INC 52,632 SHS 100,000.80 .0 .0 ECOUTLOOK COM SERIES B 200,000.00 .0 .0 ECOUTLOOK COM SERIES C 299,999.57 .1 .1 ETERNITY, INC. 1,500 SH-A 150,000.00 .0 .0 EVELOSITY CORP. SER B 850,000.00 .2 .2 FLASHFIND CORP 150,000 SHS 112,500.00 .0 .0 HOSTCENTRIC 54,347 SH-B 249,996.20 .1 .1 INDX SOFTWARE 18588/SMH-JT 50,001.72 .0 .0 LOMBARDI SOFT 7500S/SMH-JT 75,000.00 .0 .0 MRS. FIELDS HOLDING CO. 81,000.00 .0 .0 NETVERSANT 125,000/SMH-JT 750,000.00 .2 .2 OLD BALDY CLUB 250 SHS 28,360.00 .0 .0 QUESTIA MEDIA 558,306 SH-A 2,155,061.16 .5 .5 QUESTIA MEDIA 1294297SH-B 4,999,998.74 1.1 1.1 QUESTIA MEDIA 12,821SH 29,360.09 .0 .0 RED SKY INT 5,000SH/SMH-JT 247,800.00 .1 .1 RED SKY INT 2,000SH/SMH-JT 180,740.00 .0 .0 Total Privately-Held Stock: 11,009,668.28 2.3 2.4 Vested Exec Stock Options: CPQ ESO 4-97 5000SH (98) 20,850.00 .0 .0 CPQ ESO 4-97 25000SH (99) 104,250.00 .0 .0 CPQ ESO 4-97 4370SH 53,226.60 .0 .0 CPQ ESO 4-98 2,424 SHS 13,962.24 .0 .0 CPQ ESO 4-99 2,953 SHS 24,657.55 .0 .0 ENE ESO 2-94 70,492 SHS 3,647,961.00 .8 .8 ENE ESO 12-95 203,140 SHS 10,043,241.60 2.1 2.2 ENE ESO 12-96 118,620 SHS 5,568,022.80 1.2 1.2 ENE ESO 1-97 113,090 SHS 5,230,412.50 1.1 1.1 ENE ESO 1-97 1,275,000 SHS 59,682,750.00 12.7 12.8 ENE ESO 1-98 127,184 SHS 6,160,792.96 1.3 1.3 ENE ESO 12-98 442,988 SHS 17,706,230.36 3.8 3.8 ENE ESO 12-99 650,000SHS 20,351,500.00 4.3 4.4 ENE ESO 1-00 384.617 SHS 8,150,034.23 1.7 1.8 ENE ESO 2-00 26 SHS 156.00 .0 .0 Total Vested Exec Stock Options: 13 6,75 8,047.84 29.2 29.4 < Page 3 LAY-G32 1354 LBF002-00771 ============= Page 7 of 12 ============= March 14, 2001 Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 Balance % of Total Assets % of Working Assets Treasury Bonds: US TREAS 0% 11-27/SCH-CR Total Treasury Bonds: Corporate Bond-Convertibl: LAKEWOOD SPORT CONV/SMH-JT LAKEWOOD SPORT-1/SMH-JT LAKEWOOD SPRT CONV2/SMH-JT EARTHCARE CO DEB/SMH-JT EARTHCARE CO 1534SH/SMH-JT EARTHCARE CO 2531SH/SMH-JT EARTHCARE CO 2594SH/SMH-JT EARTHCARE CO 2688SH/SMH-JT EARTHCARE CO 2756SH/SMH-JT EARTHCARE CO 1SH/SMH-JT E VEL OCITY CORP NOTE NO. 1 EVELOCITY CORP NOTE NO.2 FLASHFIND CORPORATION PHOTOFETE.COM CONVERT NOTE Total Corporate Bond-Convertibl: Mutual Funds: GS 1999 EXCH FND/GS TCW SELECT EQUITIES FUND TCW AGRESSIVE GRWTH/NB TCW AGRESS GRWTH LT Total Mutual Funds: 50,906.25 50,906.25 52,250.00 52,250.00 30,041.00 100,000.00 1,534.00 2,531.00 2,594.00 2,688.00 2,756.00 1.00 150,000.00 150,000.00 250,000.00 60,000.00 856,645.00 5,753,258.19 697,009.76 460,642.50 58,386.71 6,969,297.16 .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 .1 .1 .0 .0 .2 .2 1.2 1.2 .1 .1 .1 .1 .0 .0 1.5 1.5 Partnerships-other. KLL & LPL INVESTMENT PTRNS 27,995,319.00 6.0 6.0 KLL & LPL FAMILY PTRNS 1,569,812.00 .3 .3 Total Partnerships-other. 29,565,131.00 6.3 6.4 TOTAL MARKETABLE INVESTMENTS 341,703,343.56 72.9 73.5 LONG-TERM INVESTMENTS Residence: REAL ESTATE/HUNTINGDON 10,100,628.96 2.2 2.2 Total Residence: 10,100,628.96 2.2 2.2 Real Estate Other Homes: REAL ESTATE/ASPEN 2,867,563.59 .6 .6 REAL ESTATEJASPEN2 5,620,414.33 1.2 1.2 REAL ESTATE/ASPEN3 6,251,793.78 1.3 1.3 PIRATES' COVE LOTS 299,742.66 .1 .1 < Page 4 LAY-G32 1355 .BF002-00772 ============= Page 8 of 12 ============= Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 March 14, 2001 Balance % of Total Assets % of Working Assets 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/CREEKS TONE LOT 1,704,804.25 .4 .4 REAL ESTATE/WESTGATE 284,873.38 .1 .1 REAL ESTATE/2514 AVALON 283,421.38 .1 .1 Total Real Estate Other Homes: 19,808,072.71 4.2 4.3 Real Estate Active Rental: REAL ES TATE/ 174 1 S R 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 .1 .1 REAL ESTATE/KINGS 190,000.00 .0 .0 REAL ESTATE/VIKING 60,000.00 .0 .0 REAL ESTATE/MEXICO MO 240,026.00 .1 .1 REAL ESTATE/2403 AVALON 944,179.00 .2 .2 Total Real Estate Active Rental: 2,102,482.81 .4 .5 Real Estate Passive: BLENHEIM APARTS, LTD. 225,000.00 .0 .0 COLORADO OASIS LTD. 223,448.00 .0 .0 CREEKSTONE SOUTH RICE PTRS 291,800.00 .1 .l CREEKSTONE WALNUT LP 750,000.00 .2 .2 DYMAXION APARTMENTS, LTD 22,422.00 .0 .0 JESTER APTS PARTNERS,LP 470,413.00 .1 .1 J.T.FAM,SR. INVEST., LTD. 456,358.00 .1 .1 LAKE CHARLES APTS., LTD. 240,000.00 .1 .1 MILAND INVESTMENTS LLC 878,370.60 .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 .l .1 W.E. TRADE INVESTMENTS LTD 265,537.00 .1 .1 W.A.REHAUSENLOT INV LTD 117,302.00 .0 .0 Total Real Estate Passive: 5,586,650.60 1.2 1.2 Farming Interests: 1 1 ACRES ILLINOIS 4,500.00 .0 .0 Total Farming Interests: 4,500.00 .0 .0 Other Investments: BROADWING, LLC 100,000.00 .0 .0 CAPRICORN INVESTORS II LP 594,955.00 .1 .1 CAPRICORN INVESTORS III 404,163.00 .1 .1 < Page 5 LAY-G32 1356 LBF002-00773 ============= Page 9 of 12 ============= Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 March 14. 2001 Balance % of Total Assets % of Worlane Assets CARSON PRIV CAP EUROPE LP 1,113,318.00 .2 .2 CHASE CAP PTRS PRV FUND 1,881,665.29 .4 .4 CORPORATE OPPT FUND/SMH-JT 339,000.00 .1 .1 CHAMPION L.L.C/SMH-JT 96,812.00 .0 .0 CON-EQUIP LLC/SMH-JT 100,000.00 .0 .0 CON-EQUIP II LLC/SMH-JT 43,600.00 .0 .0 ENVIR OPP 500,000SH/SMH-JT 242,500.00 .1 .1 ENVIRON OPP FUND II/SMH-JT 76,400.00 .0 .0 HOUSTON NFL HOLDINGS 2.5% 5,000,000.00 1.1 1.1 KESTREL VENTURES, LLC 42,441.59 .0 .0 LAZARD TECH PTRS II LP 327,162.00 .1 .1 LOMBARDI LLC/SMH-JT 40,832.50 .0 .0 MURPHREE VENTURE PTRS LP 100,000.00 .0 .0 MV PTRNS-CYBER DIALOGUE 346,500.00 .1 .1 MV PARTNERS 250,000.00 .I .1 SANDERS OPPORT FUND/SMH-JT 884,999.50 .2 .2 TACONIC CAPITAL PTRS LP 2,676,074.00 .6 .6 TCW WESTBRIDGE VENTURES 249,917.00 .1 .1 VANGUARD VII LP 600,000.00 .1 .1 Total Other Investments: 15,510,339.88 3.3 3.3 TOTAL LONG-TERM INVESTMENTS 53,112,674.96 11.3 11.4 RETIREMENT/DEFERRED ASSETS IRA: PAINE WEBBER-IRA/KLL-PW 43,575.86 .0 .0 Total IRA: 43,575.86 .0 .0 IRA/Spouse: PAINE WEBBER- IRA/LPL- PW 43,606.66 .0 .0 Total IRA/Spouse: 43,606.66 .0 .0 Retirement Plan: ENRON-RETIREMENT 4,220,212.93 .9 .9 ENRON SAVINGS RO/PW401K 5,590,764.50 1.2 1.2 ENRON SAV RO MMA/PW401K 53,048.47 .0 .0 KEOGH MMA/PW-18 2,405.30 .0 .0 KEOGH MUNDER TECH/PW-18 191,019.96 .0 .0 ENRON SAVINGS 401(K) 1,260,998.01 .3 .3 FID GROWTH CO 401(KYK.LL 19,896.00 .0 .0 FID OTC 401(K)/KLL 10,938.00 .0 .0 FID OVERSEAS 401(K)/KLL 21,617.00 .0 .0 FID MAGELLAN 401(KVKLL 55,519.00 .0 .0 MANULIFE ANN KLL/PW-R 3,284,483.34 .7 .7 MANULIFE ANN LPL/PW-R 2,897,716.16 .6 .6 Total Retirement Plan: 17,608,618.67 3.8 3.3 < Page 6 LAY-G32 1357 LBF002-00774 ============= Page 10 of 12 ============= March 14, 2001 Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 Balance % of Total Assets of Working Assets Deferred Compensat'n Plan: HNG PLAN-85 83,604.00 .0 .0 ENRON DEFERRED COMP-85 3,737,057.12 .8 .8 ENRON DEFERRED COMP-94 1,191,226.00 .3 .3 ENRON PHANTOM STOCK DEF 34,398,063.44 7.3 7.4 ELI LILLY DEFERRED COMP 1,423,438.18 .3 .3 TCW DEFERRED COMP 13,246.50 .0 .0 Total Deferred Compensat'n Plan: 40,846,635.24 8.7 8.8 TOTAL RETIREMENT/DEFERRED ASSETS 58,542,436.43 12.5 12.6 TOTAL WORKING ASSETS 465,189,520.44 99.2 100.0 PERSONAL/NON-EARNING ASSET Automobile(s): 90 JEEP WRANGLER 6,825.00 .0 92 4WD JEEP CHEROKEE 11,750.00 .0 93 MERCEDES 600SL 63,975.00 .0 95 LT SUBURBAN CHEVY 21,365.22 .0 96 RANGE ROVER 43,525.00 .0 99 MERCEDES ML430 52,693.33 .0 97 SUBURBAN CHEVY 29,953.30 .0 00 MERCEDES S500V 98,701.59 .0 00 MERCEDES ML55 73,348.19 .0 00 MERCEDES 0500 LWB 149,176.18 .0 00 YELLOW JEEP WRANGLER 23,259.26 .0 00 SILVER JEEP WRANGLER 23,303.14 .0 00 RED JEEP WRANGLER 22,450.70 .0 01 GMC DENALI 47,272.40 .0 01 GMC YUKON 1,000.00 .0 01 GRAND CHEROKEE 37,801.28 .0 Total Automobile(s): 706,399.59 .2 Home Furnishings: HOME FURNISHINGS/HUNT 2,096,242.07 .4 HOME FURNISHINGS/ASPEN 138,984.11 .0 HOME FURNISHINGS/B-3431 163,984.20 .0 HOME FURNTSHINGS/B-3429 80,833.15 .0 HOME FURNISHINGS/B-3433 101,410.86 .0 HOME FURNISHINGS/ASPEN2 236,641.69 .1 HOME FURNISHINGS/ASPEN3 553.86 .0 Total Home Furnishings: 2,818,649.94 .6 Other Vehicles & Equip: BW 21' OUTRAGE BOAT 49,327.00 .0 DUFFY 18'-1 19,098.00 .0 < Page 7 LAY-G32 1358 LBF002-00775 ============= Page 11 of 12 ============= March 14, 2001 Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 Balance % of Total Assets % of Working Assets DUFFY 18'-11 19,098.00 .0 HURRICANE 19' 22,695.14 .0 SPIRIT CANOE 406.43 .0 SUPER SPORT BOAT 1997 33,502.74 .0 Total Other Vehicles & Equip: 144,127.31 .0 TOTAL PERSONAL/NON-EARNING ASSET 3,669,176.84 .8 TOTAL ASSETS 468,858,697.28 100.0 LIABILITIES CURRENT LIABILITIES Notes Payable: CHASE BANK LOC 12,000,000.00 2.6 2.6 COMPASS BANK LOC 3,939,871.12 .8 .8 BANK OF AMER S40M NON 17,069,391.70 3.6 3.7 PAINE WEBBER-LOC/PW-42 26,919,299.33 5.7 5.8 ACCT PAYABLE (ST)-ENRON 765,977.62 .2 .2 Total Notes Payable: 60,694,539.77 12.9 13.0 Security Deposits: SEC DEPOSIT/Z-191 8SR 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 WEBBERMARGIN/PW-44 1,639,870.56 .3 .4 PAINE WEBBER MARGIN/PW-33 15,607,721.81 3.3 3.4 Total Margin Acct Liability: 17,247,592.37 3.7 3.7 TOTAL CURRENT LIABILITIES 77,943,507.34 16.6 16.8 LONG-TERM LIABILITIES Home Mortgage: BANK OF AMER/HUNTINGDON 4,364,846.88 .9 .9 BANK OF AMER/HtJNT #2 LIEN 490,098.40 .1 .1 BANK OF AMER/HUNT #3 LIEN 491,237.09 .1 .1 Total Home Mortgage: 5,346,182.37 1.1 1.1 Other Real Estate Mtge: BANK OF AMER/ASPEN 1.506,898.40 .3 .3 CITICORP MORTGAGE/B-3431 202,233.17 .0 .0 BANK OF AMER/B-3429 239,683.53 .1 .1 BANK OF AMERJB-3433 525,165.83 .1 .l BANK OF AMER/REBA 318,955.82 .1 .1 BANK OF AMER/2514 AVALON 225,000.00 .0 .0 < Page 8 LAY-G32 1359 LBF002-00776 ============= Page 12 of 12 ============= March 14, 2001 Kenneth L. & Linda P. La BALANCE SHEET ANALYSIS As of: February 28, 2001 _ Balance % of Total Assets % of Working Assets BANK OF AM/ASPEN2 4,277,000.08 .9 .9 BANK OF AM/ASPEN3 5,510,557.03 1.2 1.2 BANK OF AMER/2 40 3 AVAL ON 839,872.36 .2 .2 Total Other Real Estate Mtge: 13,645,366.22 2.9 2.9 Investment Liabilities: BANK OF AMER/CREEKSTONE 1,200,000.00 .3 .3 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 5,000,000.00 1.1 1.1 Total Investment Liabilities: 6,482,943.57 1.4 1.4 Deferred Tax Liabilities: DEF TAX LIAB-STK OPT ONLY 89,109,630.80 19.0 19.2 Total Deferred Tax Liabilities: 89,109,630.80 19.0 19.2 TOTAL LONG-TERM LIABILITIES 114,584,122.96 24.4 24.6 BUSINESS LIABILITIES Employer Taxes/Bus: MEDIC WITHHELD-EE (TX) 62,212.60 .0 .0 SOC SEC WITHHELD-EE (TX) 3,782.02 .0 .0 MEDIC WITHHELD-LPL EE(TX) 8,265.64 .0 .0 SOC SEC WITHHELD-LPL (EE) 568.32 .0 .0 FIT WITHHELD-EE (TX) 131,455.55 .0 .0 FIT WITHHELD-LPL EE(TX) 15,152.00 .0 .0 SIT WITHHELD-EE (HH-CO) 352.00 .0 .0 Total Employer Taxes/Bus: 221,788.13 .0 .0 Accrued FICA Tax/Business: MEDIC PAYABLE-ER (TX) 62,212.60 .0 .0 SOC SEC PAYABLE-ER (TX) 3,456.20 .0 .0 MEDIC PAYABLE-LPL ER(TX) 8,265.64 .0 .0 SOC SEC PAYABLE-LPL ER(TX) 568.32 .0 .0 Total Accrued FICA Tax/Business: 74,502.76 .0 .0 TOTAL BUSINESS LIABILITIES 296,290.89 .1 .1 TOTAL LIABILITIES 192,823,921.19 41.1 41.5 NET WORTH TOTAL NET WORTH 276,034,776.09 58.9 59.3 TOTAL LIABILITIES AND NET WORTH 468,858,697.28 100.0 < Page 9 LAY-G32 1360 LBF002-00777