Collateral Valuation
			       Chase

       1 .May-01

Stock Price Assumptions
	 Enron    562.41
	Comoa~    517.60

S 15.0 Million Non Puroose Credit Line
		  Symbol   Cerrif. No.
L~I2~K                     _
Enron Corp         ENE     HC153831
EnronCorp          ENE     HC163113
Enron Corp         ENE     HC167352
Enron Corp         ENE     8C167358
Enron Corp         ENE     HC167359
			    Total ENE

Compaq

Shares
26.017
90,750
41,019
41.165
41.909
240,860

CPQ     BB12S523   ~.Q~Q0
	Total CPQ  20.000

    value
 S   1.6237:1
 S  5.663,708
 S  2.559.996
 S  2.569.108
 S  2.615.541
 S  15.032.073

 O'4nershap 1
  Personal
  Personal
  Personal
  Personal
  Personal
g.~ 7w,,

S     352.000   Personal
S     352,000 2.3%

Total Value at Collateral  S 15284.073

	     LTV              75%
AVAILABLE BALANCE           S38Q54~
	     Funded         (57.042.000)
REMAINING BALANCE              496,~Q54.~

L0C010501
 8/7/2002

	 Con fidcntial Trcairnent
	 Requested under FOIA


LAY-SEC-I 000000112





		  Collateral Valuation
			Compass

      1 -May-Ot

Stock Price Assum tion
KEnronS62.411


$10.0 Million Non Purpose Credit L:ne

   STOCK           Symbol CertIf. No. Shares  Ownership

Eli Lilly          LLY    FC24922    5.000     Personal
Eli Lilly          LLY    CNY18380   5 000     Personal
			   Total LLY 10,000     856,300

Enron Corp         ENE    HC119322   7,690     Personal
Enron Corp         ENE    MCi 19285  22.052    Personal
Enron Corp         ENE    HC119286   1,751     Personal
Enron Corp..Split  ENE    HC164652   1.751     Personal
Enron Corp         ENE    HC119359   4.521     Personal
Enron Corp-Split   ENE    HC164653   4,521     Personal
Enron Corp         ENE    HC1 19360  7,792     Personal
Enron Corp         ENE    HC127094   9.440     Personal
			  Total ENE  59,518    3,714.518
				     TOTAL S 4,570,818
					LW      80%
			AVAILABLE BALANCE -. S3;656,655
				     Funded '~'~348~
			REMAINING BALANCE       S166,784.

Additional Collateral
Sanders Moms Hams (30% LTV, capped at $1,000,000)
				Total $ 3,500,000
		  AVAILABLE BALANCE $~i~000~00(~
			     Funded  ~     sot
		  REMAINING BALANCE:. SI,000,00O~.

	  Combined Balance (for all Assets)~1~,7~


		     LOC...01O5O1
		      81112002

Confidential Treatment
Requested under FOIA

LAY-SEC-i 000000113

18.7%


81.3%