Following is a status of RAC initiated audits in 2001 and year-to-date cash recoveries related to the Merchant Investment Portfolio:  Oil & Gas Joint Venture Audits Completed:  Program		Operator		Gross Claims	Net Claims  Vastar			BP Amoco	$177,432		$  88,716 Hughes-Rawls		EPL		$285,176		$129,954 E. Sour Lake		Adobe		$285,126		$256,613 Total					$747,734		$475,283  Oil & Gas Joint Venture Audits Scheduled:  Program		Operator			Date  Cypress		Meridian Resources	10/01 Juniper			Bois D'Arc Resources	10/01 Vastar			Key Production Co.	12/01  Coal Venture Audits Completed:  Program		Operator		Gross Claims	Net Claims  Jupiter			Cline		$  66,250		$  66,250 Jupiter			Cline		$126,000		$126,000 Total					$192,250		$192,250  DPR                                 Cline	 The audit determined that, contrary to the agreement; excess funds were transferred to an investment account in Chris Cline's name rather than DPR.
Potentially $5.5 million was at risk to Enron.
The situation has been corrected.
Cash recovered in 2001 from Audits as of 9/30/01:  Oil & Gas - 2000			$315,579 Oil & Gas - 2001			$  43,913 Coal				$  66,250 Total				$425,742

Status of Audits & Cash Recoveries