Collaler-ul Valuation - Sunnmnaar-y Sioch Price Assumptions as of I 25-Oct-01 I Furon $16.35 Compaq $9.78 I Eli Lilly S19.0O BA Chase Corn ass ~ FIJ Rnaron Total LTV 80.0% 80.0% Original LOC $40,000,000 $15,000,000 OunIslandlogI '..3,90,QpO I ~oo,ooo I CurTent I1V Mki Val. Collateral Collateral Req. Excess (Delkit) Borrowing E'owerl' Original LOC Outstanding Available Llnaej Enroum (.onlpaq lAla Lilly Cypress Oilier various 8.1% $3,688,657 $3,313,651 57.4% $348,129 S250.000 $98,129 800% 75.0% $l0,000,000 $7,500,000 189,811 I ~,O~3,9I9 I '$5,~0O,q0o 184% $4,290,000 $1 632.00Q 64.3% $3,211,380 $459,488 n/a n/a n/a $2,650,926 I ~,..A47~,503 I. '2$843,t29 I p ,1P~i4~S~ [ si.~oo,ooo $1,000,000 $0 $1,000,000 $0 $500,000 $0 n/a il/a n/a li/a $l,000,00,9 ~4~,Q0,O,90O I ~S~~J~3Q9Q , n/a ~;i~.I; n/a 100.0% 100.0% 100.0% $9,153,190 $1 1,538,167 $5,008,892 $5,616,174 $2,500,000 $0 s2,500.000 $8,116,174 $405,538 BA -NFL. 1.oara 80.0% $5,000,000 75.1% $b,655 .538 $«=i2~Q,Q00 $405,538 lotal all NIL lotal AvaIlable 100.0% twapass LOC has 80% LI I' on all liquid assets Ire/S as LYJllatera!. tire exception is the Sanders' account it'huIr consists of alliquid assets eliot Compass offers the lesser r~f 30% LlVor SImm GOVERNMENT EXHIBIT 24238 Crirn No. H 04-0025 gm w9 0,-A U' C 25. C- 2~ 0.-i a, -I ~il -I Allocation of Collateral for Secured LOC BA Chase Connpass FU 11.9% 43.8% 0.0% 0.0% 88.1% 56.1% 0.0% 0.0% 0.0% 0.0% 100.0% 0.0% 0 0% 0.(J% 0.0% 92.8% 0.0% 0.0% 0.0% 7.2% LOU_011025 811312(J02 r 1 Collateral Valuation - Summary Stock Price Assumptions as of~ 25-Oct-SI EOTT S19.35 Enron $16.35 TCW - Select S15.39 Coiiipaq $9.75 TGW-Ag~r~ $4083 liii Lilly $79.00 1(2W - Small $16.10 BA Con. ass FU Sub-total Al? I(LLILPL Total all 80.0% 80.0% 75.0% Original LOC 4Jutstandlng~ Current 1,1W Mkt Val. Collateral Collateral Req. Excess (Delicit) $10,000,000 $1,000,000 $2,000,000 $13,000,000 .~ j9,p3,Q00 I szo~~oo I SI,ll4¶l,363 I 76.1% $5,429,655 SS.166 250 S263,4t15 127.1% $408,750 S650.000 (Sl4i,2S11) 83.5% $2,214,577 S2.465,~i1 ($251,240) $6,502,363 I 4,295,500 $lU,ll00,86] $8,052,981 $8 282.067 ($229,055) Borrowing PowemI Oiigi.ial LOC Outstanding AvaIlable LInel $1,000,000 30 n/a n/a n/a n/a SI,O00,000j "n/a, F I' ~ I S 1,000,000 $0 ,~I $1,000,000 I j.~00,S6~j l~t:ml l'ayaldcs - lotal Available LA)CUI IO2~ 81ri12002 LTV 0< 0' 0(11 0'~ .3 0 'a a! a; 4~ Eu,ron Compaq El. Lilly EOTI iCw Cypress Fayez Allocation of Collateral BA Coni ass Eli 18.1% 100.0% 36.9% 20.4% 0.0% 0.0% 29.4% 0.0% 0.0% 1.8% 00% 0.0% 30.4% 0.0% 00% 00% 00% 20.4% 0.0% ti.0% 42.6% 100.0% 100.0% 100.0% PERSONAL Cypress 26-Sep 25.Oct % Ow 2.644,016 2.979,135 12.7% PARTNERSHTP 26-Set, 25-Oct % Ciw Fayez 869.563 943.635 8.5% Cypress 406.517 452.639 112'/. TCW-Seiect 1.688,881 1,304,718 -22.7% TCW-Mid 327,879 - -100.O'/. TCW-Srnafl 547,187 344,041 -37.1% Conflden~I Treament I~equestegj under J~OiA LAV~SEC.l 000000307 Collateral Valuation Bank of America ona k e I ennet in .R.L~a~r ~* Outstanding Loan Balance S300.000. Collateral Pled ed Shares Value Enron Corp. Enron (I 6.25/sh) Enron (SISSI/sti) Enron (S17.73/sh) Eriron (S14.97/sh) Enran (S14.971sh) Enron (S14.97/sh) 26,862 790 9,440 19.920 20,000 20,000 1.~ I 332,256 Compaq Computer Total Market Value of Collateral Less: Collateral Required (80% LTV) 8.13% $439,194 11.9% 33.249464 S3,688,657 5375,000 88.1% 100.0% Excess (Deficit) Collateral 53,313,657 Borrowing Power S2,650,926 Available to Borrow 52.650.926 S.~0D 01). * Q en Outstanding Loan Balance S4,133.000 Collateral Pledged Shares Value Compaq (KLL owns) 113,064 31,105,766 Eli Lilly & Co. 20,220 31,597,380 £071' Energy Parmers 5,000 396,750 Enron Corp. 60,000 S98 1,000 TCW Galileo Select Equities 84,777 $1,304,718 TCW Galileo Aggressive Growth $0 TCW Small Cap Growth 21,369 Total Market Value of Collateral 55,429,655 Less: Collateral Required (LTV 80%) 76.12% SS,166450 Excess (Deficit) Collatera' LOC..011025 818/2002 $263,405 Confidential T reament Requested under FOIA LAY~SECl 000000308 rStock Price assumptions 25-Oct.01 Enron $16.35 TCW - Seject 5 15.39 Compaq S9.78 TCW - Aggr. S 10.83 Eli Lilly 579.00 TCW. Small S 16.10 EOTT 319.35 20.4% 29.4% 1.8% 18.1% 24.0% 0.0% 6.3% 100.0% Collateral Valuation Bank of AmerLec Borrowing Power Available w Borrow LOCO1 102t 8/8/2002 SIO.724 S210.724 Conradensial Treatnene Requested unUer FOIA LA 000000309 Collateral Valuation Bank of Ameri.ca Outstanding Loan Balance S5.O0O.OOO Collateral Pledged Shares Value Enron Corp. S5.839,468 Lilly 10.230 5816.070 Total Market Value of Collateral S6.655.538 Less: Collateral Required (800/a LTV) 752% 56.250.000 Excess (Deficit) Collateral 5405.538 Borrowing Power 5324.430 jAvallable to Borrow S324.430 cash call below $30 w/ 208.333 shares of ENE valued a 56.25mm 148.82! shares can be moved to personal LOC ConrI(frfl,,.I Treamene unut, lOlA LAY-SEC- ± 000000310 L0C011025 8/8/2002 Collateral Valuation Chase 25-Oct-01 Stock Price Assumpnons Enron S16.35 Compaq S9.7S S 15.0 Miflion Non Pu~ose Credit Line I STOCK Symbol Certif. No. Enron Corp (Si 1.7' EN~E Chase Acct Total ENE Compaq Shares 9 329 9,329 Value Ownership I ~jI~29 Personal S 152.529 43.8% CPQ BBI:5523 ..2Q~220 $ 195.600 Personal Total CPQ 20.000 S (95,600 56.2% Total Value of Collateral S 343.129 LTV 80% AVAILABLE BALANCE z .S278,503: Funded (S200.000) REMAINING BALANCE -. -. - S7&,503~ Confldentiaj Treamen, Recjues;e~ under POIA L~0C0l1025 8/8/2002 LAY..S~C~ ooOODO3~I Collateral Valuation Compass 25-Oct-01 S~ock Price Assum uon Enron 516.35 Eli Lilly 579.00 $10.0 Million Non Purpose Credit Line I STOCK Symbol Certif. No. Shares Ownerstiip I LLY FC2492.2 LLY CNY18380 Total LLY 5,000 5.000 10,000 Personal Personal 790,000 Enron Corp Enron Corp Enron Corp Enron Corp-Split Enron Corp Enron Corp-Split Enron Corp Enron Corp ENE ENE ENE ENE ENE ENE ENE ENE HC1 19322 HOl 19285 HC119286 HC1 64652 HC119359 HC164653 HC1 19360 HC1 27094 Total ENE 7,690 Personal 22.052 Personal 1.751 Personal 1,751 Personal 4.521 Personal 4,521 Personal 7,792 Personal 9 440 Personal TOTAL $ 790.000 LTV 80% AVAiLABLE BALANCE S632.000 Funded' ~¶?589:871~. REMAINING BALANCE (S157.871) Additional Collateral Sanders Moms Hams (300/v LTV. caooed at $1,000,000) Total 5 3,500,000 LTV 30% AVAILABLE BALANCE S 1,000,000 Funded ~ -'-:--. S0~ REMAINING BALANCE~0~00 Summary Total Collateral S 4,290,000 Available Balance S 1,632.000 Funded ($789,871) Combined Balance {for all Assets) S842,129 18. LOC,..011025 8/8/2002 I rcnmnt*rn Requc..icd undi,r FOIA, LAYSEC~ oooOOO3~2 Eli Lilly Eli Lilly 0.0% Collateral Valuation Compass en. Outstanding Loan Bakance S52O~OOO Shares 25,000 Collateral Pledged Eriron Corp Total Market Value of Collateral Less: Collateral Required .Qj2~O S408.750 127.22% S650.OOO Conflden,iai Treameng Requested under FOIA LOQOflO2~ 8/8/2002 LAY-SECl OOOOOO31~3