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'. is

TO:	See Distribution List
From	Kenneth L. Lay
subjerx:	Enron LOC


This serves as notice of my intent to repay $550,000 of my outstanding loan balance of 65,800,000 plus accrued interest
with shares of Enron stock as of this day, October 25, 2001,

  KEN LAY'S OFFICE No. 691 P.1/1'1

  Interoffice
Memorandum

Department: Executive

  Date: October 25, 2001



CC: Bob Butts

Mary Joyce

713-646-8409

713-646-2110

EC38648B0050045

  Elaine Overturf 713-646.3764
Respect Integrity
Forth 0004 8.1(?r871

EXH063-00291

communication

Lwellenee

GOVERNMENT
EXHIBIT
  4073
  Crim. No. H-04-25 (S-2)