============= Page 1 of 28 ============= LBF002-00956 Kenneth L. & Linda P. Lay SUMMARY BALANCE SHEET As of: December 31, 2001 TOTAL ASSETS LIABILITIES CURRENT LIABILITIES Notes Payable Security Deposits Margin Acct Liability Other Current Liabilities TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Other Real Estate Mtge Investment Liabilities Deferred Tax Liabilities TOTAL LONG-TERM LIABILITIES BUSINESS LIABILITIES Employer Taxes/Bus Accrue Social Sec Tax/Bus TOTAL BUSINESS LIABILITIES TOTAL LIABILITIES EQUITY TOTAL NET WORTH TOTAL LIABILITIES AND NET WORTH Page 2 February 06, 2002 $ 86,239,308.24 8,289,871.12 1,369.18 1,981,840.65 6,276,521.85 $ 16,549,602.80 $ 14,673,679.57 2,205,074.87 64,904.00 $ 140,112.76 43 ,32 6.83 16,943,558.44 183 ,43 9.59 S 33,676,600.83 $ 52,562,707.41 $ 86,239,308.24 LAY-G32 1668 GOVERNMENT EXHIBIT 240 Crim. No. H-04-25 (S-2) ============= Page 2 of 28 ============= r February 06, 2002 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance ASSETS CURRENT ASSETS Cash on Hand CASH ON HANDBVLILT 1,278.60 CASH ON HAND/CHUGLI 176.78 CASH ON HAND/LEONA 381.63 CASH ON HAND/MSTURGIS 199.77 CASH ON HAND/PRAKER 219.33 CASH ON HAND/PSTOKES 779.03 CASH ON HAND/SK 340.44 Total Cash on Han& 3,375.58 Checking Accounts: BANK OF AMER-PRAKER 3,448.20 BANK OF AMER-VAN DER 1,940.00 BANK OF AMER/LPL PROP 3,366.07 BANK OF AMER/STOKES 4,768.21 BANK OF AMERICA 0707 32,026.33 CHASE BANK CHECKING 1,481,356.42 UNITY 109-900 -143.16 VECTRA BANK 1,126.01 Total Checking Accounts: 1,527,888.08 Money Market Accounts: SOUTHWEST BANK OF TX 630,759.08 WASHINGTON DC ACCT 90,000.00 Total Money Market Accounts: 720,759.08 Brokerage Accounts: FIRST UNION MMA/FTU-26 985.50 FIRST UNION .MMA/FTU-30 0.68 FIRST UNION MMA/FTU-54 3,954.72 FIRST UNION M AA/FTU-60 53.93 GOLDMAN SACHS/GS-61 627.97 JP MORGAN SEC MMA/CBT 17.51 SANDERS MORRIS MMA/SMH-JT 3.00 Total Brokerage Accounts: 5,643.31 Savings Accounts: ENRON CREDIT UNION/KLL 46.47 Total Savings Accounts: 46.47 Short-term Receivables: ACCT RECV-A. PHILLIPS 37,000.00 ACCT RECV-BJONES 105,105.02 Page 1 LAY-G32 1669 LBF002-00957 ============= Page 3 of 28 ============= February 06, 2002 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance ACCT RECV-BLANCA PEREIRA 26,835.00 ACCT RECV-CHAD MODAD 20,000.00 ACCT RECV-CHRISTINA EMERSO 10,000.00 ACCT RECV-D. HOBBS 66,666.00 ACCT RECV-DANIELA TERRAZAS 4,178.00 ACCT RECV-EAL 27,717.19 ACCT RECV-FREDERICA MAYO 280.50 ACCT RECV-G KINNEAR 900,000.00 ACCT RECV-HUGUES HEYMAN 44,914.35 ACCT RECV-J EMERSON 28,615.85 ACCT RECV-JANE TRAN 25,000.00 ACCT RECV-JIM EMERSON 18,000.00 ACCT RECV-KLL & LPL INVEST 4,298,500.00 ACCT RECV-MARCELO LIQUITAY 10,000.00 ACCT RECV-MISC 100,525.15 ACCT RECV-MKL 150,000.00 ACCT RECV-OSVALDO PEREIRA 39,395.00 ACCT RECV-PTERRAZAS_ 12,558.81 ACCT RECV-PAMELA MAYORGA 12,277.90 ACCT RECV-PAOLA TERRAZAS 724.45 ACCT RECV-PAUL STOKES 2,500.00 ACCT RECV-RENT DEP (#1000) 2,102.08 ACCT RECV-RENT DEP (#811) 1,058.33 ACCT RECV-RRH 98,980.30 ACCT RECV-RUTH VILLALOBOS 25,000.00 ACCT RECV-RV 132,771.12 ACCT RECV-S. ADARO 9,985.00 ACCT RECV-S. HOBBS 66,666.00 ACCT RECV-T. ZILBERFARB 15,000.00 ACCT RECV-TDH 593,394.04 ACCT RECV-VAN STOKES 5,500.00 ACCT RECV-VANGUARD 330,000.00 ACCT RECV-WE TRADE INVEST 223,082.73 Total Short-term Receivables: 7,444,332.82 Notes Receivable: FAMPTRNS ANNUITY-Z/KLL 730,081.17 FAM PTRNS ANNUITY-2/LPL 728,707.10 Total Notes Receivable: 1,458,788.27 TOTAL CURRENT ASSETS 11,160,833.61 MARKETABLE INVESTMENTS Enron Corp.: ENRON 50000SH 7-01/NFL 30,000.00 ENRON CORP 1,859SH(SyNFL 1,115.40 LAY-G32 1670 Page 2 LBF002-00958 ============= Page 4 of 28 ============= February 06, 2002 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance ENRON CORP 2,246SH/CBT 1,347.60 ENRON CORP 35,000BA-INV 21,000.00 ENRON CORP 68,620SH/NFL 41,172.00 ENRON CORP 79,691 SH/NFL 47,814.60 ENRON CORP 790SH(SYNFL 474.00 ENRON CORP 9,440SH/NFL 5,664.00 Total Enron Corp.: 148,587.60 Common Stock-Director. COMPAQ COMP 11,970SHBA 116,827.20 COMPAQ COMP 124596SH(2)BA 1,216,056.96 COMPAQ COMP 20,000SHS/CBT 195,200.00 COMPAQ COMP 30,000BA-INV 292,800.00 COMPAQ COMP 71,094SH/BA 693,877.44 COMPAQ COMP 83,064BA-INV 810,704.64 ELI LILLY 100-1SH/FTU-54 7,854.00 ELI LILLY 100-2SH/FTU-54 7,854.00 ELI LILLY 200SH/FTU-54 15,708.00 ELI LILLY 330 SHS/NFL 25,918.20 ELI LILLY 5,000 SHS(1)/CBR 392,700.00 ELI LILLY 5,000 SHS(2)/CBR 392,700.00 ELI LILLY 5000SH-2/NFL 392,700.00 I2 TECHN2000SH/FTU-60 31,600.00 12 TECHN 500SH/FTU-60 7,900.00 TNPC 100,000SH/FTU-60 74,000.00 TNPC 25,000SH-2IFTU-60 18,500.00 TNPC 25,000SH/FTU-60 18,500.00 Total Common Stock-Director. 4,711,400.44 Sanders Morris Mundy-Coat CAP ENVIR 10,000SH/SMH-JT 41,000.00 CAP TITLE GR 37,037/SMH-JT 81,481.40 CAP TITLE GR 5,000/SMH-JT 11,000.00 TYLER TECHN INC/SMH-JT 227,500.00 WASTE CORP 16,666SH/SMH-JT 43,331.60 Total Sanders Morris Mundy-Com: 404,313.00 Cypress Asset Mgnt: Com: ABBOTT LAB 100-1 SHIFTU-54 5,575.00 ABBOTT LAB 300-2SH/FTU-54 16,725.00 AMER EXPRESS 100SH/FTU-54 10,707.00 AMER EXPRESS 150SH/FTU-54 16,060.50 AMER HOME 100SH-4/FTU-54 6,136.00 AMER HOME 150SH-1/FTU-54 9,204.00 AMER HOME 150SH-2/FTU-54 9,204.00 Page 3 LAY-G32 1671 LBF002-00959 ============= Page 5 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of. December 31, 2001 AMER HOME 150SHIFTU-54 AMER HOME 300SH-2/FTU-54 AMER HOME 400SH/FTU-54 AMER INTL GRP 100-2/FTU-54 AMER INTL GRP 100SH/FTU-54 AMER INTL GRP 256SHIFTU-54 AMER INTL GRP 64SH/FTU-54 AMER INTL GRP 75SH/FTU-54 AMER INTL GRP 80SH/FTU-54 AMER INTL GRP 868SHIFTU-54 ANADARK PET 200SH-1/FTU-54 ANADARK PET 200SH-2/FTU-54 ANADARK PET 500SH/FTU-54 ANALOG DEV 200SH-1/FTU-54 ANALOG DEV 200SH-2/FTU-54 ANALOG DEV 500SH/FTU-54 AOL TIME 100 S-1/FTU-54 AOL TIME 100 S-2/FTU-54 AOL TIME 100 S-3/FTU-54 AOL TIME 100 S-4IFTU-54 AOL TIME 100 S-5/FTU-54 AOL TIME 200 S/FTU-54 AOL TIME 300 SHS/FTU-54 AOL TIME 400 S/FTU-54 APPLIED MAT 150SH/FTU-54 APPLIED MAT 250SH/FTU-54 APPLIED MAT 700SHIFTU-54 BANK OF NY 100SH/FTU-54 BANK OF NY 200SH-2/FTU-54 BANK OF NY 200SH-3/FTU-54 BANK OF NY 200SH-4/FTU-54 BANK OF NY 200SH/FTU-54 BANK OF NY 300SH/FTU-54 BANK OF NY 500SH-1/FTU-54 BANK OF NY 500SH-2/FTU-54 BERKSHIRE HATH 14/FTU-54 BERKSHIRE HATH 3/FTU-54 BERKSHIRE HATH 4/FTU-54 BERKSHIRE HATH B3/FTU-54 BERKSHIRE HATH 2S/FTU-54 BERKSHIRE HATH 1 S/FTU-54 BRISTOL-MYERS 600SH/FTU-54 BURLING RES 200SH-1/FTU-54 BURLING RES 200SH-2/FTU-54 BURLINGTON 100SH/FTU-54 Page 4 Balance 9,204.00 18,408.00 24,544.00 11,910.00 14,847.80 38,112.00 9,528.00 8,972.20 11,910.00 68,919.20 11,370.00 11,370.00 28,425.00 17,756.00 13,317.00 31,073.00 4,782.90 4,782.90 4,782.90 4,782.90 4,782.90 9,790.50 14,348.70 19,356.30 6,015.00 10,025.00 12,030.00 4,080.00 8,160.00 8,160.00 8,160.00 8,160.00 12,240.00 20,400.00 20,400.00 35,350.00 7,575.00 10,100.00 7,575.00 5,050.00 2,525.00 30,600.00 7,508.00 7,508.00 3,754.00 February 06, 2002 LAY-G32 1672 LBF002-00960 ============= Page 6 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance BURLINGTON 300SH/FTU-54 11,262.00 BURLINGTON 600SH/FTU-54 22,524.00 CISCO SYST 150SH/FTU-54 10,866.00 CISCO SYST 205SI-1/FTU-54 7,425.10 CISCO SYST 290SH/FTU-54 5,251.90 CISCO SYST 500SH/FTU-54 9,055.00 CISCO SYST 50SH-1/FTU-54 3,622.00 CISCO SYST 50SH-2/FTU-54 3,622.00 CISCO SYST 800SIVFTU-54 14,488.00 CITIGROUP 100SH-1/FTU-54 9,490.24 CITIGROUP 100SH-2/FTU-54 5,048.00 CITIGROUP 150-1SH/FTU-54 14,487.76 CITIGROUP 150-2SH/FTU-54 14,487.76 CITIGROUP 200SH-1/FTU-54 13,528.64 CITIGROUP 200SH-2IFTU-54 10,096.00 CITIGROUP 225SHIFTU-54 20,797.76 CITIGROUP 450SHIFTU-54 41,595.52 CITIGROUP 234SH/FTU-54 11,812.32 CHEVRONTEX 53SH/FTU-54 4,749.33 COCA COLA 100SHIFTU-54 4,715.00 COCA COLA 150-1SH/FTU-54 7,072.50 COCA COLA 150-2SH/FTU-54 7,072.50 COCA COLA 150-3SH/FTU-54 7,072.50 COCA COLA 150-4SH/FTU-54 7,072.50 COCA COLA 200SH/FTU-54 9,430.00 COCA COLA 3 00 SH/FTU- 54 14,145.00 COSTCO CO 100-2SH/FTU-54 8,876.00 COSTCO CO 100-3SHIFTU-54 8,876.00 COSTCO CO 100-1 SH/FTU-54 8,876.00 COSTCO CO 200SH/FTU-54 17,752.00 DELL COMP 200SHIFTU-54 5,436.00 DELL COMP 300SIVFTU-54 8,154.00 DELL COMP 500SH/FTU-54 13,590.00 DELL COMP 700SH/FTU-54 19,026.00 DISNEY WALT 100-2SH/FTU-54 2,072.00 DISNEY WALT 200-ISIVFTU-54 4,144.00 DISNEY WALT 200-2SH/FTU-54 4,144.00 DISNEY WALT 300-ISH/FTU-54 6,216.00 DISNEY WALT 300-2 SH/FTU-54 6,216.00 DISNEY WALT 300-3SH/FTU-54 6,216.00 DISNEY WALT 600SH/FTU-54 12,432.00 FANNIE MAE 200SH/FTU-54 15,900.00 FANNIE MAE 300SH/FTU-54 23,850.00 GENERAL ELECT 100-1/FTU-54 12,024.00 GENERAL ELECT 100-2/FTU-54 12,024.00 February 06, 2002 LAY-G32 1673 Page 5 LBF002-00961 ============= Page 7 of 28 ============= Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: December 31, 2001 GENERAL ELECT 100-3/FTU-54 GENERAL ELECT 100-4/FTU-54 GENERAL ELECT 200-1/FTU-54 GENERAL ELECT 200-2/FTU-54 GENERAL ELECT 200-3/FTU-54 GENERAL ELECT 200-4/FTU-54 HONEYWELL 1100SH/FTU-54 HONEYWELL 250SH/FTU-54 IBM 100 SHS-1/FTU-54 IBM 100 SHS-2IFTU-54 IBM 150SH/FTU-54 IBM 50 SHS/FTU-54 IBM 75-1 SH/FTU-54 IBM 75-2SH/FTU-54 IBM 75-3 SH/FTU-54 INTEL CORP 200SH/FTU-54 INTEL CORP 300SH/FTU-54 INTEL CORP 344SH/FTU-54 JP MORG CHASE 500SH/FTU-54 JP MORG CHASE 100SH/FTU-54 JOHN & JOHN 100SH-2/FTU-54 JOHN & JOHN 100SH-3/FTU-54 JOHN & JOHN 100SH-4/FTU-54 JOHN & JOHN 100SH-5/FTU-54 JOHN & JOHN 150SH-1/FTU-54 JOHN & JOHN 150SH-2IFTU-54 JOHN & JOHN 175SH/FTU-54 JOHN & JOHN 50SH/FTU-54 JOHN & JOHN 75 SH/FTU-54 LINEAR TECHN 3 00 SH/FTU-54 LINEAR TECHN 400 SH/FTU-54 LOCKHEED MART 400SH/FTU-54 LOCKHEED MART 100SH/FTU-54 MARSH & MCLEN 250SFFFTU-54 MARSH & MC 50SH-1/FTU-54 MARSH & MC 50SH-2/FTU-54 MEDTRONIC 300SH/FTU-54 MEDTRONIC 700SH/FTU-54 MELLON FIN 1250SH/FTU-54 MERCK 100-1 SH/FTU-54 MERCK 100-2SH/FTU-54 MERCK 100-3HH/FTU-54 MERCK 100-4SH/FTU-54 MERCK 100-5SH/FTU-54 MERCK 50 SHS/FTU-54 Page 6 Balance 12,024.00 12,024.00 24,048.00 24,048.00 8,016.00 8,016.00 33,830.00 8,45 7.50 24,192.00 12,096.00 18,144.00 12,096.00 18,144.00 18,144.00 18,144.00 6,290.00 16,102.40 21,637.60 18,175.00 3,635.00 11,820.00 11,820.00 11,820.00 11,820.00 17,73 0.00 17,730-00 20,685.00 5,910.00 8,865.00 11,712.00 27,328.00 18,668.00 4,667.00 26,862.50 5,372.50 5,372.50 15,363.00 35,847.00 47,025.00 11,760.00 11,760.00 11,760.00 5,880.00 5,880.00 5,880.00 February 06, 2002 LAY-G32 1674 LBF002-00962 ============= Page 8 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 MERRILL LYNCH 100-1/FTU-54 MERRILL LYNCH 100-2/FTU-54 MERRILL LYNCH 300SH/FTU-54 MERRILL LYNCH 50-1/FTU-54 MICROSFT 100SH-4/FTU-54 MICROSFT 100SH-5/FTU-54 MICROSFT 100SH-6/FTU-54 MICROSFT 100SH-7/FTU-54 MICROSFT 125SH/FTU-54 MICROSFT 500SHIFTU-54 MICROSFT 75SHIFTU-54 MOLEX INC 200SH/FTU-54 MOLEX INC 300-1 SH/FTU-54 MOLEX INC 300-2SH/FTU-54 MOLEX INC 600-1 SH/FTU-54 MOLEX INC 600-2SH/FTU-54 MORGAN STANL 100-1/FTU-54 MORGAN STANL 100-2/FTU-54 MORGAN STANL 100-3/FTU-54 MORGAN STANL 200SHIFTU-54 NOKIA CORP 200SH-1/FTU-54 NOKIA CORP 200SH-2/FTU-54 NOKIA CORP 300SH-1/FTU-54 NOKIA CORP 300SH-2/FTU-54 NOKIA CORP 325SHIFTU-54 PEPISCO 150 SHS-l/FTU-54 PEPISCO 150 SHS-2/FTU-54 PEPISCO 200SH-2IFTU-54 PEPISCO 200SH-3/FTU-54 PEPISCO 200SH-4/FTU-54 PEPISCO 300SH-2/FTU-54 PEPISCO 500SH/FTU-54 PEPSICO 200 SHSIFTU-54 PEPSICO 300 SH-1/FTU-54 PFIZER 100SH-2/FTU-54 PFIZER 4125SH/FTU-54 PROCT & GAM 100SH-1/FTU-54 PROCT & GAM 100SH-2/FTU-54 PROCT & GAM 100SH-3/FTU-54 PROCT & GAM 100SH-4/FTU-54 PROCT & GAM 150SH/FTU-54 PROCT & GAM 200SH/FTU-54 PROCT & GAMB 50SH/FTU-54 ROYAL DUTCH 100SH-1/FTU-54 ROYAL DUTCH 100SH-2IFTU-54 Page 7 Balance 10,424.00 5,212.00 31 72.00 5,212.00 6,625.00 6,625.00 6,625.00 6,625.00 8,281.25 33,125.00 4,968.75 6,762.50 10,143.75 10,143.75 20,287.50 20,287.50 11,188.00 11,188.00 11,188.00 22,376.00 4,906.00 4,906.00 7,359.00 7,359.00 31,889.00 7,303.50 7,303.50 9,738.00 9,738.00 9,738.00 14,607.00 24,345.00 9,738.00 14,607.00 10,958.75 164,381.25 7,913.00 7,913.00 7,913.00 7,913.00 11,869.50 15,826.00 3,956.50 4,902.00 4,902.00 February 06, 2002 LAY-G32 1675 LBF002-00963 ============= Page 9 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 ROYAL DUTCH 125SH/FTU-54 ROYAL DUTCH 150SH/FTU-54 ROYAL DUTCH 500SH/FTU-54 ROYAL DUTCH 50SH/FTU-54 SBC COMM 101SH/FTU-54 SBC COMM 999SH/FTU-54 TARGET CORP 100SH/FTU-54 TARGET CORP 200SH-2/FTU-54 TARGET CORP 200SH/FTU-54 TARGET CORP 400SHIFTU-54 TEXACO 100 SHS-1/FTU-54 TEXACO 100 SHS-2/FTU-54 TEXACO 100 SHS-3/FTU-54 TEXACO 100 SHS-4/FTU-54 TEXACO 150 SH/FTU-54 TEXACO 200 SHS/FTU-54 TEXACO 300 SHS/FTU-54 TEXACO 50SH/FTU-54 TX INSTR 100SH-1/FTU-54 TX INSTR 100SH-2/FTU-54 TX INSTR 150SH-1/FTU-54 TX INSTR 150SH-2/FTU-54 TX INSTR 300SH-1/FTU-54 TX INSTR 300SH-2/FTU-54 TX INSTR 50SH-1/FTU-54 TX INSTR 50SH-2/FTU-54 TX INSTR 50SH-3/FTU-54 TX INSTR 75SH/FTU-54 VERIZON COM 122SH-1/FTU-54 VERIZON COM 122SH-2/FTU-54 VERIZON COM 122SH-3/FTU-54 VERIZON COM 129SIVFTU-54 VERIZON COM 305SIVFTU-54 VERIZON COMM 100SH/FTU-54 VIACOM INC 300SH/FTU-54 V IAC OM INC 700SH-1/FTU-54 VIACOM INC 700SH-2/FTU-54 WALMART 100 SHS/FTU-54 WALMART 150 SHS-1/FTU-54 WALMART 150 SHS-2/FTU-54 WALMART 150 SHS-3/FTU-54 WALMART 200 SHS-1/FTU-54 WALMART200 SHS-2/FTU-54 XILINX 200 SHS-1/FTU-54 XILINX 50 SHS/FTU-54 Page 8 Balance 6,127.50 7,353.00 23,284.50 2,451.00 39.17 39,130.83 8,210.00 16,420.00 16,420.00 32,840.00 6,899.97 6,899.97 6,899.97 6,899.97 10,349.96 13 ,79 9.94 20,699.91 3,449.99 11,200.00 5,600.00 8,400.00 4,200.00 8,400.00 8,400.00 5,600.00 5,600.00 5,600.00 4,200.00 5,790.12 5,790.12 5,790.12 6,122.34 14,475.30 4,746.00 13,245.00 30,905.00 30,905.00 5,755.00 17,265.00 8,632.50 8,632.50 11,510.00 11,510.00 31,240.00 7,810.00 February 06, 2002 LAY-G32 1676 LBF002-00964 ============= Page 10 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance Total Cypress Asset Mgmt.-Com: 3,055,321.71 Paine Webber Core Hold.: CELESTICA 500SH/FTU-60 20,195.00 Total Paine Webber Core Hold.: 20,195.00 Vested Exec Stock Options: CPQ ESO 4-97 4370SH 7,603.80 LLY ESO 4-00 2,800 SHS 7,280.00 LLY ESO 2-012,800 SHS 12,768.00 Total Vested Exec Stock Options: 27,651.80 TOTAL MARKETABLE INVESTMENTS 8,367,469.55 LONG-TERM INVESTMENTS Residence: REAL ESTATE/HUNTINGDON 10,156,723.27 Total Residence: 10,156,723.27 Real Estate Other Homes: PIRATES' COVE LOTS 299,742.66 REAL ESTATE/2514 AVALON 288,433.94 REAL ESTATE/ASPEN1 2,871,953.52 REAL ESTATE/ASPEN2 5,671,227.72 REAL ESTATE/ASPEN3 6,258,170.66 REAL ESTATE/ASPEN4 1,778,082.52 REAL ESTATE/B-3429 770,503.39 REAL ESTATE/B-3431 759,970.73 REAL ESTATE/B-3433 880,881.97 REAL ESTATE/REBA 492,639.61 REAL ESTATE/WESTGATE 284,873.38 Total Real Estate Other Homes: 20,356,480.10 Real Estate Active Rental: REAL ESTATE/1741SR 147,309.00 REAL ESTATE/1852MAR 104,044.97 REAL ESTATE/1856MAR 173,048.67 REAL ESTATE/1918SR 243,875.17 REAL ESTATE/2403 AVALON 944,179.00 REAL ESTATE/KINGS 190,000.00 REAL ESTATE/MEXICO MO 240,026.00 REAL ESTATE/VIKING 61,008.00 Total Real Estate Active Rental: 2,103,490.81 Real Estate Partnerships: BLENHEIM APARTS, LTD. 175,412.00 Page 9 February 06, 2002 LAY-G32 1677 LBF002-00965 ============= Page 11 of 28 ============= Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance CREEKSTONE SOUTH RICE PTRS 266,115.00 CREEKSTONE WALNUT LP 748,409.00 DYMAXION APARTMENTS, LTD 21,943.00 HAINES APARTMENTS, LTD. 100,000.00 J.T.FAM,SR. INVEST., LTD. 558,330.00 JESTER APTS PARTNERS,LTD 652,654.00 LAKE CHARLES APTS., LTD. 176,023.00 MILAND INVESTMENTS LLC 571,928.08 NOLANA, LTD. 186,000.00 RESACA DE LAS PALMAS 240,000.00 SAJG KIRBY BRAESWOOD 180,000.00 TRAILSIDE APTS, LTD. 486,208,00 W.A.REHAUSENLOT INV LTD 123,578.00 W.E. TRADE INVESTMENTS LTD 316,778.00 Total Real Estate Partnerships: 4,803,378.08 February 06, 2002 Farming Interests: 11 ACRES ILLINOIS 4,500.00 ' 4o L re.+~~~- ~o f d Total Farming Interests: 4,500.00 Privately-Held Stock: ACOUSTIC TECH 100,000 SH-B AMER EQ LIFE 2500/SMH-JT AMER EQ LIFE HLDG/SMH-JT COUNTRYWATCH.COM DR RED DUKE INC 52,632 SHS ECOUTLOOK COM SERIES B ECOUTLOOK COM SERIES C ETERNITY, INC. 1,500 SH-A ETERNITY, INC. NOTE EVELOCITY CORP 1000000 P-B EVELOCITY CORP 150,000 P-B EVELOCITY CORP 18345.2 P-B EVELOCITY CORP 300,000 P-B EVELOCITY CORP 850,000 P-B FLASHFIND CORP 150,000 P-B FLASHFIND CORP NOTE 3/01 FLASHFIND CORP NOTE 5/01 FLASHFIND CORPORATION HOSTCENTRIC 54,347 SH-B INDX SOFTWARE 18588/SMH-JT LOMBARDI SOFT 75005/SMH-JT MRS. FIELDS HOLDING CO. NETVERSANT 125,000/SMH-JT OLD BALDY CORP 250 SHS Page 10 210,000.00 39,975.00 199,875.00 250,000.00 100,000.80 200,000.00 299,999.57 150,000.00 37,500.00 500,000.00 75,000.00 18,345.20 300,000.00 850,000.00 112,500.00 75,000.00 75,000.00 250,000.00 249,996.20 50,001.72 75,000.00 81,000.00 500,000.00 28,360.00 LAY-G32 1678 LBF002-00966 ============= Page 12 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance OLD BALDY CORP 33 SHS 12,000.00 PHOTOFETE.COM CONVERT NOTE 123,103.12 QUESTIA MEDIA 12,295SH 6,981.10 QUESTIA MEDIA 12,821SH 7.279.76 QUESTIA MEDIA 1294297SH-B 734,901.84 QUESTIA MEDIA 558,306 SH-A 317,006.15 QUESTIA MEDIA 647,148SH-C 367,450.63 SMH AGENCY 20-A/SMH-JT 68,000.00 Total Privately-Held Stock 6,364,276.09 Corporate Bond-Convertible EARTHCARE CO 1534SH/SMH-JT EARTHCARE CO 1 SH-2/SMH-JT EARTHCARE CO 1SH/SMH-JT EARTHCARE CO 1 SH-3/SMH-JT EARTHCARE CO 2531SH/SMH-JT EARTHCARE CO 2594SH/SMH-JT EARTHCARE CO 2688SH/SMH-JT EARTHCARE CO 2756SH/SMH-JT EARTHCARE CO 2794SII/SMH-JT EARTHCARE CO 2833/SMH-JT EARTHCARE CO 2967/SMH-JT EARTHCARE CO DEB/SMH-JT Total Corporate Bond-Convertible 1,534.00 1.00 1.00 1.00 2,531.00 2,594.00 2,688.00 2,756.00 2,794.00 2,833.00 2,967.00 100,000.00 120,700.00 GS 1999 Exchange Fund: GS 1999 EXCH FND/GS-61 5,050,514.81 Total GS 1999 Exchange Fund 5,050,514.81 Family Partnerships: KLL & LPL FAMILY PTRNS 318,389.00 KLL & LPL INVESTMENT PTRNS 1,756,426.00 Total Family Partnerships: 2,074,815.00 Other Investments: BBT PARTNERS, L.P. BROADWING, LLC CAPRICORN INVESTORS II LP CAPRICORN INVESTORS III CARSON PRIV CAP EUROPE LP CHAMPION L.L.C/SMH-JT CORPORATE OPPT FUND/SMH-JT CPC YELL, L.P. ENVIR OPP 500,000SH/SMH-JT ENVIRON OPP FUND II/SMH-JT 255,696.76 162,331.00 510,441.00 378,855.00 1,254,212.00 96,812.00 49 7,25 0.00 250,000.00 213,000.00 125,200.00 February 06, 2002 LAY-G32 1679 Page 11 LBF002-00967 ============= Page 13 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance HOUSTON NFL HOLDINGS 2.5% 3,993,705.00 LOMBARDI LLC/SMH-JT 40,832.50 MURPHREE VENTURE PTRS LP 120,610.00 MV PARTNERS 250,000.00 MV PTRNS-CYBER DIALOGUE 346,478.00 SANDERS OPPORT FUND/SMH-JT 940,744.87 SMH CERI, LLC/SMH 72,450.00 SMH INDX LLC/SMH-JT 10,928.60 SMH LIFE SCIENCES/SMH-JT 125,000.00 STERLING GROUP I LP 415,015.85 WESTTX ASSOCIATES, LP 50,475.00 Total Other Investments: 10,110,037.58 TOTAL LONG-TERM INVESTMENTS 61,144,915.74 Page 12 RETIREMENT/DEFERRED ASSETS IRA: FIRST UNION-IRA/LLL-FTU 46,43 7.21 Total IRA: 46,43 7.21 IRA/Spouse: FIRST UNION-IRA/LPL-FTU 46,471.49 Total IRA/Spouse: 46,471.49 Retirement Plans: ENRON RO-IRA/FTU-56 48,970.20 ENRON ESOP 72.80 ENRON SAV RO MMA/FTU-56 85,470.95 ENRON SAVINGS 401K 12,202.26 ENRON-RETIREMENT 0.01 FID GROWTH CO 401(K)/KLL 19,090.07 FID MAGELLAN 401 (KYKLL 55,589.77 FID OTC 401(KYKLL 10,548.96 FID OVERSEAS 401(K''KLL 20,043.62 KEOGH MMA/PW-18 2,351.79 KEOGH MUNDER TECH/PW-18 137,511.36 Total Retirement Plans: 391,851.79 Deferred Compensat'n Plans ELI LILLY DEFERRED COMP 1,523,900.86 ENRON DEFERRED COMP-85 0.01 ENRON DEFERRED COMP-94 0.01 ENRON PHANTOM STOCK DEF 0.01 HNG PLAN-85: 0.01 TCW DEFERRED COMP 33,745.45 Total Deferred Compensat'n Plans 1,557,646.35 February 06, 2002 LAY-G32 1680 LBF002-00968 ============= Page 14 of 28 ============= February 06, 2002 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance TOTAL RETIREMENT/DEFERRED ASSETS 2,042,406.84 PERSONAL/NON-EARNING ASSET Automobile(s): 00 MERCEDES 0500 LWB 149,176.18 00 MERCEDES ML55 73,348.19 00 RED JEEP WRANGLER 20,400.00 00 YELLOW JEEP WRANGLER 20,400.00 01 GRAND CHEROKEE 37,801.28 92 4WD JEEP CHEROKEE 7,400.00 93 MERCEDES 600SL 40,000.00 95 LT SUBURBAN CHEVY 13,000.00 Total Automobile(s): 361,525.65 Home Furnishings: HOME FURNISH/2514AVALON HOME FURNISHINGS/ASPEN1 HOME FURNISHING S/ASPEN2 HOME FURNISHINGS/ASPEN3 HOME FURNISHINGS/B-3429 HOME FURNISHINGSB-3431 HOME FURNISHINGS/B-3433 HOME FURNISHINGS/HUNT ° Total Home Furnishings: 1,53 6.28 138,984.11 264,641.69 553.86 80,833.15 196,815.63 106,522.74 2,228,548.51 3,018,435.97 Other Vehicles & Equip: BW 21' OUTRAGE BOAT 49,327.00 DUFFY 18'-I 19,098.00 DUFFY 18'-lI 19,098.00 HURRICANE 19' 22,695.14 SUPER SPORT.BOAT 1997 33,502.74 Total Other Vehicles & Equip: 143,720.88 TOTAL PERSONAL/NON-EARNING ASSET 3,523,682.50 TOTAL ASSETS 86,239,308.24 LIABILITIES CURRENT LIABILITIES Notes Payable: COMPASS BANK LOC 789,871.12 ENRON CORP. LOAN 7,500,000.00 Total Notes Payable: 8,289,871.12 Security Deposits: SEC DEPOSIT/Z-1856MAR 125.00 Page 13 LAY-G32 1681 -BF002-00969 ============= Page 15 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance SEC DEPOSIT/Z-1918SR 850.20 SEC DEPOSIT/Z-MCDUF 393.98 Total Security Deposits: 1,369.18 Margin Acct Liability: FIRST UNION MARGIN/FTU-52 1,981.840.65 Total Margin Acct Liability: 1,981,840.65 Other Current Liabilities: 2001 PERSON PROP TAX LIAB EST 2001 INCOME TAX LIAB EST 01 MILAND PROP TX LIAB Total Other Current Liabilities: TOTAL CURRENT LIABILITIES 278,371.85 5,910,000.00 88,150.00 6,276,521.85 16,549,602.80 LONG-TERM LIABILITIES Other Real Estate Mtge: BANK OF AM/ASPEN2 4,235,297.47 BANK OF AM/ASPEN3 5,459,132.25 BANK OF AMER/2403AVALON 832,930.44 BANK OF AMER/2514 AVALON 225,000.00 BANK OF AMER/ASPENI 1,486,519.54 BANK OF AMER/ASPEN4 1,200,000.00 BANK OF AMER/B-3429 234,107.11 BANK OF AMERB-3433 519,120.72 BANK OF AMER/REBA 314,868.97 CITICORP MORTGAGE/B-3431 166,703.07 Total Other Real Estate Mtge: 14,673,679.57 Investment Liabilities: BANK OF AMER/GALV LOTS 88,824.87 BANK OF AMER/WESTGATE LOT 191,250.00 BK OF AM/CREDIT FACILITY 1,925,000.00 Total Investment Liabilities: 2,205,074.87 Deferred Tax Liabilities: DEF TAX LIAB-STK OPT ONLY Total Deferred Tax Liabilities: TOTAL LONG-TERM LIABILITIES BUSINESS LIABILITIES Employer Taxes/Bus: FIT WITHHELD-EE (TX) FIT WITHHELD-LPL EE(TX) MEDIC WITHHELD-LPL EE(TX) Page 14 64,804.00 64,804.00 16,943,55 8.44 89,885.04 5,643.00 631.37 February 06, 2002 LAY-G32 1682 LBF002-00970 ============= Page 16 of 28 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: December 31, 2001 MEDIC WITHHELD-EE (TX) SIT WITHHELD-EE (HH-CO) SOC SEC WITHHELD-EE (TX) SOC SEC WITHHELD-LPL (EE) Total Employer Taxes/Bus: Accrue Social Sec Tax/Bus: MEDIC PAYABLE-ER (TX) MEDIC PAYABLE-LPL ER(TX) SOC SEC PAYABLE-ER (TX) SOC SEC PAYABLE-LPL ER(TX) Total Accrue Social Sec Tax/Bus: TOTAL BUSINESS LIABILITIES TOTAL LIABILITIES NET WORTH TOTAL NET WORTH TOTAL LIABILITIES AND NET WORTH Page 15 Balance 8,360.47 1,258.00 31,635.36 2,699.52 140,112.76 8,360.47 631.37 31,635.47 2,699.52 43,326.83 183,439.59 33,676,600.83 52,562,707.41 86,23 9,30 8.24 February 06, 2002 LAY-G32 1683 LBF002-00971 ============= Page 17 of 28 ============= Ken and Linda Lay Schedule of Contingent Liabilities December 31, 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 valued at $1,500,000+. Ken has guaranteed three secured notes for his sister, Sharon Lay. The notes in the name of Sharon Lay Productions, Inc. are as follows, $275,000 that matured on October 23, 2001, $275,000 maturing on February 14, 2002 and a construction loan in the amount of $1,230,000 maturing on January 17, 2003. These loans all have an interest rate of 30-Day LIBOR + 1.5% and are collateralized by residential real estate. He has also guaranteed two unsecured notes, one in the amount of $50,000 for Sharon Lay Productions, Inc. that matures February 21, 2002 and one in the amount of $100,000 for Sharon S. Lay which matures September 25, 2002. 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. Ken and Linda have guaranteed an unsecured $5,000,000 line of credit for MILAND Investments, L.L.C. at Bank of America. The line of credit matures on April 5, 2002 with a floating interest rate of 30-Day LIBOR plus 1.25%. The amount currently funded on the line of credit is $4,936,750. On September 1, 2001, Ken and Linda have guaranteed an unsecured $1,000,000 line of credit for KLL & LPL Investments, Ltd. at Bank of America. The line of credit matures on September 1, 2002 with a floating interest rate of 30-Day LIBOR plus 1.25%. The amount currently funded is $0. Kenneth L. Lay, a preferred limited partner, executed certain indemnification agreements with the general partners of the following partnerships: Haines Apartments, Ltd., Nolana, Ltd., Resaca De Las Palmas, Ltd. and SAJG Kirby Braeswood, Ltd. The amount of the contingent liability, if any, has not been determined. Ken Lay has been named as a party defendant in several shareholder derivative actions against Enron Corp. and others. The outstanding commitments for various investments total $ 3,506,689. As o4 "bIl z Pd down J, 248,041 ow LAY-G32 1684 BF002-00972 ============= Page 18 of 28 ============= List of Outstanding Commitments As of December 31, 2001 Total Outstanding PERSONAL Commitment Total Invested Commitment Broadwing, LLC 96,000 48,000 48,000 Capricorn Investors II LP 500,000 500,000 - Capricorn Investors III LP 750,000 402,811 347,189 Carson Private European Fund 1,625,000 1,300,000 325,000 Corporate Opportunities Funds 750,000 525,000 225,000 12/07-$125,000 Environmental Opportunities Fund 500,000 475,000 25,000 Environmental Opportunities II Fund 400,000 216,000 184,000 Genesis Park LP 500,000 144,758 Abandoned 12101 Jester Apartments-Slidell, LA 350,000 180,000 170,000 Lazard Technology Partners II LP 1,000,000 389,365 Abandoned 12101 Murphree Venture Ptners (10/24-Rev) 125,000 130,000 (5,000) SMH LifeSciences Opportunity Fund 250,000 125,000 125,000 Sterling Group Partners I, L.P. 2,500,000 437,500 2,062,500 Westbridge Ventures, L.P. 1,000,000 273,830 Abandoned 12101 WestTx Associates, L.P.(revised 12119) 50,475 50,475 SUBTOTAL $ 10,396,475 $ 5,197,739 $ 3,506,689 List of Scheduled Commitments: Houston NFL Holdings (10/31-Revised) 5,000,000 5,000,000 - TOTAL $ 15,396,475 $ 10,197,739 $ 3,506,689 LAY-G32 1685 3F002-00973 ============= Page 19 of 28 ============= February 06, 2002 MILAND Investments, L.L.C. BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance % of Total Assets % of Working Assets ASSETS LLC ASSETS Checking Account: BANK OF AMER-CK (3287) 5,112.45 .1 Money Market: BANK OF AMER-SAV 14,494.64 .3 Accounts Receivable: ACCT RECV-LS ARMSTRONG 2,521.76 .0 ACCT RECV/WET 1,777,767.23 32.2 ACCT RECV/WAR 491,176.82 8.9 Deposits: DEPOSITS-HL&P/C-1531 200.00 .0 DEPOSITS-HL& P/G-2009 180.00 .0 Mortgage Receivable: MORT RECV-JO PEREIRA 155,051.50 2.8 MORT RECV-HO PEREIRA 210,311.75 3.8 MORT RECV-LS ARMSTRONG 149,500.00 2.7 MORT RECV-DEVORE 77,263.68 1.4 MORT RECV-KA SULLIVAN 150,317.04 2.7 Real Estate Partnerships: JT FAM SR INVESTMENTS LTD 5,640.15 .1 WA REHAUSENLOT INV LTD 1,245.00 .0 WE TRADE INVESTMENTS LTD 3,218.06 .1 Real Estate Properties: ROSINE TRACTSIR-TRACTS 1,739,863.07 31.5 1010 & 1012 ROSINE/R-1010 272,759.67 4.9 1531 COOKC-1531 169,260.72 3.1 2009 GILLETTE/G-2009 168,581.10 3.1 2017 GILLETTE/G-2017 165,423.86 3.0 Other Investments: ESCROW CLEANUPIR-1010 -10,500.00 -.2 ESCROW CLEANUP/R-TRACTS -29,500.00 -.5 Organizational Costs: ORGANIZATIONAL COSTS 2,822.03 .1 ACCUM AMORT-ORGAN. COSTS -1,034.71 .0 TOTAL LLC ASSETS 5,521,675.82 100.0 TOTAL ASSETS 5,521,675.82 100.0 Page 1 LAY-G32 1686 LBF002-00974 ============= Page 20 of 28 ============= February 06, 2002 MILAND Investments, L.L.C. BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance % of Total Assets % of Working Assets LIABILITIES LLC LIABILITIES Escrow Accounts: ESCROW-JO PEREIRA ESCROW-HO PEREIRA ESCROW-KA SULLIVAN Unsecured Line of Credit: BANK OF AMER/WET BANK OF AMER/WAR BANK OF AMER/R-TRACTS BANK OF AMER/R-1010 BANK OF AMER/G-2009 BANK OF AMER/G-2017 BANK OF AMER/C-1531 BANK OF AMERINOTES REC TOTAL LLC LIABILITIES TOTAL LIABILITIES EQUITY OWNERS' EQUITY Shareholders' Equity: SHAREHOLDERS' EQUITY-KLL SHAREHOLDERS' EQUITY-LPL TOTAL OWNERS' EQUITY RETAINED EARNINGS-CURRENT YEAR TOTAL EQUITY TOTAL LIABILITIES AND EQUITY -2,753.13 -2,805.32 769.90 1,777,767.23 491,176.82 1,652,53 7.58 243,128.00 163,359.72 163,090.95 147,221.89 298,469.45 4,931,963.09 4,931,963.09 288,509.69 288,507.70 577,017.39 12,695.34 589,712.73 5,521,675.82 .0 .0 -.1 .0 .0 .0 32.2 .0 8.9 .0 29.9 .0 4.4 .0 3.0 .0 3.0 .0 2.7 .0 5.4 .0 89.3 .0 89.3 .0 5.2 .0 5.2 .0 10.5 .0 .2 .0 10.7 .0 100.0 LAY-G32 1687 Page 2 LBF002-00975 ============= Page 21 of 28 ============= February 06, 2002 J.T. FAM, Sr. Investments, Ltd. BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance % of Total Assets % of Working Assets ASSETS PARTNERSHIP ASSETS Checking Account: BANK OF AMER CK (3303) 3,505 .2 Other Current Assets: PREPAID INSURANCE/W-112 941 .0 PREPAID INSURANCE/W-l 16 941 .0 PREPAID INSURANCFJ2WL 1,440 .1 Deposits/Business: DEPOSITS-CITY OF HOUSTON 200 .0 Land LAND-WAUGH 1116/W-1116 170,485 8.3 LAND-WAUGH 1112/W-1112 166,769 8.1 LAND-2 WESTLANE 1,225,967 59.5 Real Estate Properties: WAUGH DRIVE-1116/W-1116 99,014 4.8 ACCUM DEPR-W 1116/W-1116 -1,165 -.1 Real Estate Properties: WAUGH DRIVE-1112/W-1112 103,565 5.0 Real Estate Properties: 2 WESTLANE 281,575 13.7 Loan Costs: LOAN COSTS/2WL 6,075 .3 ACCUM AMORT-LOAN COST/2WL -34 .0 Organizational Costs: ORGANIZATIONAL COSTS 3,469 .2 ACCUM AMORT-ORGAN. COSTS -1,272 -.1 TOTAL PARTNERSHIP ASSETS 2,061,475 100.0 TOTAL ASSETS 2,061,474 100.0 LIABILITIES PARTNERSHIP LIABILITIES Long-term Loans: BANK OF AMERNP /W-1112 162,500 7.9 .0 BANK OF AMER NP /W-1116 146,250 7.1 .0 BANK OF AMER NP/2WL 1,340,408 65.0 .0 Page 1 LAY-G32 1688 LBF002-00976 ============= Page 22 of 28 ============= J.T. FAM, Sr. Investments, Ltd. BALANCE SHEET ANALYSIS As of: December 31, 2001 TOTAL PARTNERSHIP LIABILITIES TOTAL LIABILITIES EQUITY OWNERS' EQUITY Partnership Capital: PARTNERSHIP CAP-NULAND PARTNERSHIP CAP-KLL PARTNERSHIP CAP-LPL TOTAL OWNERS' EQUITY RETAINED EARNINGS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY Balance % of Total Assets 1,649,158 80.0 1,649,158 80.0 5,640 .3 279,164 13.5 279,164 13.5 563,968 27.4 -151,652 -7.4 412,317 20.0 2,061,474 100.0 Page 2 February 06, 2002 % of Working Assets .0 .0 .0 .0 .0 .0 .0 .0 LAY-G32 1689 LBF002-00977 ============= Page 23 of 28 ============= W.E. Trade Investments, LTD BALANCE SHEET ANALYSIS As of: December 31, 2001 February 06, 2002 Balance % of Total Assets % of Working Assets ASSETS PARTNERSHIP ASSETS Checking Account: BANK OF AMER-CK (8074) 7,202 .3 Total Checking Account: 7,202 .3 Other Current Assets: PREPAID INSURANCE-ROSINE 777 .0 PREPAID INSURANCE-WAUGH 1,023 .0 PREPAID H L & P-ROSINE 122 .0 Total Other Current Assets: 1,922 .1 Accounts Receivable/Bus: ACCT RECV-J TRAN 5,354 .2 ACCT RECV-P MAYORGA 9,543 .4 ACCT RECV-B VAN DER VLIET 2,124 .1 Total Accounts Receivable/Bus: 17,021 .7 Mortgage Receivables: MORT RECV-J TRAN 122,398 MORT RECV-P MAYORGA 173,947 MORT RECV-B VAN DER VLIET 241,532 MORT RECV-STOKES 286,217 MORT RECV-FENNELL 223,083 Total Mortgage Receivables: 1,047,177 Deposits/Business: DEPOSIT-UTILITIE S/RO S 270 DEPOSIT-UTILITIES/WAU 290 Total Deposits/Business: 560 4.8 6.8 9.5 11.2 8.8 41.1 .0 .0 .0 Real Estate Properties: 1017 ROSINE STREET/ROS 161,644 6.3 1108 WAUGH DRIVE/WAU 320,993 12.6 2002 BAILEY 181,453 7.1 2038 BAILEY 191,164 7.5 2042 BAILEY 173,493 6.8 2046 BAILEY 173,116 6.8 1814 MATTHEWS 270,674 10.6 Total Real Estate Properties: 1,472,537 57.8 Organizational Costs: ORGANIZATIONAL COSTS 1,875 .1 ACCUM AMORT-ORGAN. COSTS -656 .0 Total Organizational Costs: 1,219 .0 Page 1 LAY-G32 1690 LBF002-00978 ============= Page 24 of 28 ============= February 06, 2002 W.E. Trade Investments, LTD BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance % of Total Assets % of Working Assets TOTAL PARTNERSHIP ASSETS 2,547,638 100.0 TOTAL ASSETS 2,547,638 100.0 LIABILITIES PARTNERSHIP LIABILITIES Escrow Accts Payable: ESCROW ACCT B VAN DER ESCROW ACCT-P MAYORGA ESCROW ACCT-J TRAN Total Escrow Accts Payable: Long-term Loans: BANK OF AMER NP/ROS BANK OF AMER NP/WAU MILAND LOC/B-2002 MILAND LOC/B-2042 MILAND LOC/B-2046 MILAND LOC/B-2038 MILAND LOC/M-1814 MILAND LOC/P MAYORGA MILAND LOC/J TRAN MILAND LOC/STOKES MILAND LOC/B VAN DER Total Long-term Loans: Other Liabilities/Bus: LOAN FROM PARTNERS ACCOUNTS PAYABLE Total Other Liabilities/Bus: TOTAL PARTNERSHIP LIABILITIES TOTAL LIABILITIES . EQUITY OWNERS' EQUITY Partnership Capital: PARTNERSHIP CAP-MILAND PARTNERSHIP CAP-KLL PARTNERSHIP CAP-LPL Total Partnership Capital: TOTAL OWNERS' EQUITY RETAINED EARNINGS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY -2,531 -321 -350 -3,202 81,250 187,000 170,552 165,805 165,803 181,794 264,189 174,864 124,847 287,326 242,588 2,046,018 223,083 42 223,125 2,265,941 2,265,940 3,176 156,316 156,314 315,806 315,806 -34,109 281,698 2,547,638 -.1 .0 .0 .0 .0 .0 -.1 .0 3.2 .0 7.3 .0 6.7 .0 6.5 .0 6.5 .0 7.1 .0 10.4 .0 6.9 .0 4.9 .0 11.3 .0 9.5 .0 80.3 .0 8.8 .0 .0 .0 8.8 .0 83.9 .0 88.9 .0 .1 .0 6.1 .0 6.1 .0 12.4 .0 12.4 .0 -1.3 .0 11.1 .0 100.0 LAY-G32 1691 Page 2 LBF002-00979 ============= Page 25 of 28 ============= W.E. Trade Investments, LTD BALANCE SHEET ANALYSIS As of: January 31, 2002 February 06, 2002 Balance % of Total Assets % of Working Assets ASSETS PARTNERSHIP ASSETS Checking Account: BANK OF AMER-CK (8074) -267,364 -13.3 Total Checking Account: -267,364 -13.3 Other Current Assets: PREPAID INSURANCE-ROSINE 777 .0 PREPAID INSURANCE-WAUGH 1,023 .1 PREPAID H L & P-ROSINE 122 .0 Total Other Current Assets: 1,922 .1 Accounts Receivable/Bus: ACCT RECV-J TRAN 5,354 .3 ACCT RECV-P MAYORGA 9,543 .5 ACCT RECV-B VAN DER VLIET 2,124 .1 ACCT RECV-STOKES 20,000 1.0 Total Accounts Receivable/Bus: 37,021 1.8 Mortgage Receivables: MORT RECV-J TRAN MORT RECV-P MAYORGA MORT RECV-B VAN DER VLIET MORT RECV-FENNELL Total Mortgage Receivables: Deposits/Business: DEPOSIT-UTILITIES/RO S DEP OSIT-UTILITIES / W AU Total Deposits/Business: Real Estate Properties: 121,981 6.1 173,947 8.7 241,317 12.0 222,918 11.1 760,163 37.9 270 .0 290 .0 560 .0 1017 ROSINS STREET/ROS 161,644 8.1 1108 WAUGH DRIVE/WAU 320,993 16.0 2002 BAILEY 181,453 9.0 203 8 BAILEY 191,164 9.5 2042 BAILEY 173,536 8.7 2046 BAILEY 173,159 8.6 1814 MATTHEWS 270,674 13.5 Total Real Estate Properties: 1,472,623 73.4 Organizational Costs: ORGANIZATIONAL COSTS 1,875 .1 ACCUM AMORT-ORGAN. COSTS -656 .0 Total Organizational Costs: 1,219 .1 Page 1 LAY-G32 1692 LBF002-00980 ============= Page 26 of 28 ============= February 06, 2002 W.E. Trade Investments, LTD BALANCE SHEET ANALYSIS As of: January 31, 2002 Balance % of Total Assets % of Working Assets TOTAL PARTNERSHIP ASSETS 2,006,144 100.0 TOTAL ASSETS 2,006,143 100.0 LIABILITIES PARTNERSHIP LIABILITIES Escrow Accts Payable: ESCROW ACCT B VAN DER -2,031 -.1 .0 ESCROW ACCT-P MAYORGA -321 .0 .0 ESCROW ACCT-J TRAN 100 .0 .0 Total Escrow Accts Payable: -2,252 -.1 .0 Long-term Loans: BANK OF AMER NP/ROS 81,250 4.1 .0 BANK OF AMER NP/WAU 187,000 9.3 .0 MILAND LOCB-2002 170,552 8.5 .0 MILAND LOCB-2042 165,805 8.3 .0 MILAND LOCB-2046 165,803 8.3 .0 MILAND LOC/B-2038 181,794 9.1 .0 MILAND LOC/M-1814 264,189 13.2 .0 MILAND LOC/P MAYORGA 174,864 8.7 .0 MILAND LOCIJ TRAN 124,847 6.2 .0 MILAND LOC/STOKES 19,284 1.0 .0 MILAND LOC/B VAN DER 242,588 12.1 .0 Total Long-term Loans: 1,777,976 88.6 .0 Other Liabilities/Bus: LOAN FROM PARTNERS 221,523 11.0 .0 ACCOUNTS PAYABLE 42 .0 .0 Total Other Liabilities/Bus: 221,565 11.0 .0 TOTAL PARTNERSHIP LIABILITIES 1,997,289 99.6 .0 TOTAL LIABILITIES 1,997,289 99.6 .0 EQUITY OWNERS' EQUITY Partnership Capital: PARTNERSHIP CAP-MILAND 3,376 .2 .0 PARTNERSHIP CAP-KLL 165,856 8.3 .0 PARTNERSHIP CAP-LPL 165,854 8.3 .0 Total Partnership Capital: 335,086 16.7 .0 TOTAL OWNERS' EQUITY 335,086 16.7 .0 RETAINED EARNINGS -326,233 -16.3 .0 TOTAL EQUITY 8,854 .4 .0 TOTAL LIABILITIES AND EQUITY 2,006.143 100.0 Page 2 LAY-G32 1693 LBF002-00981 ============= Page 27 of 28 ============= February 06, 2002 W.A. Rehausenlot Investments, LTD BALANCE SHEET ANALYSIS As of: December 31, 2001 Balance % of Total Assets % of Working Assets ASSETS PARTNERSHIP ASSETS Checking Account: BANK OF AMER-CK (8082) 7,884 1.1 Total Checking Account: 7,884 1.1 Other Current Assets: PREPAID INSURANCE 859 .1 Total Other Current Assets: 859 .1 Accounts Receivable/Bus: NOTE RECEIVABLE/VSTOKES 3,000 .4 Total Accounts Receivable/Bus: 3,000 .4 Deposits/Business: DEPOSIT-CITY OF HOU 300 .0 Total Deposits/Business: 300 .0 Land: 1201 ROSINE/ROS 196,111 26.4 Total Land: 196,111 26.4 Buildings/Business: WEST GRAY-1302 288,201 38.7 WEST GRAY-1308 214,950 28.9 ROSINE STREET 1201/ROS 31,264 4.2 ACCUM DEPR/ROS -368 .0 Total Buildings/Business: 534,047 71.8 Leasehold Improvements: LEASEHOLD COSTS 938 .1 ACCUM DEPR-LEASEHOLD COSTS -161 .0 Total Leasehold Improvements: 777 .1 Organizational Costs: ORGANIZATIONAL COSTS 1,918 .3 ACCUM AMORT-ORGAN. COSTS -671 -.1 Total Organizational Costs: 1,247 .2 TOTAL PARTNERSHIP ASSETS 744,2T5- 100.0 TOTAL ASSETS 744,225 100.0 LIABILITIES PARTNERSHIP LIABILITIES Long-term Loans: Page 1 LAY-G32 1694 LBF002-00982 ============= Page 28 of 28 ============= W.A. Rehausenlot Investments, LTD BALANCE SHEET ANALYSIS As of: December 31, 2001 BANK OF AMER/ROS MILAND LOC/WG-1302 MILAND LOC/WG-1308 Total Long-term Loans: TOTAL PARTNERSHIP LIABILITIES TOTAL LIABILITIES EQUITY OWNERS' EQUITY Partnership Capital: PARTNERSHIP CAP-MILAND PARTNERSHIP CAP-KLL PARTNERSHIP CAP-LPL Total Partnership Capital: TOTAL OWNERS' EQUITY RETAINED EARNINGS TOTAL EQUITY TOTAL LIABILITIES AND EQUITY Balance % of Total Assets 133,250 17.9 281,417 37.8 209,760 28.2 624,427 83.9 624,427 83.9 624,427 83.9 1,248 .2 61,790 8.3 61,789 8.3 124,827 16.8 124,827 16.8 -5,028 -.7 119,798 16.1 744,225 100.0 February 06, 2002 % of Worlanc Assets .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 .0 LAY-G32 1695 Page 2 LBF002-00983