=============
Page 1 of 1
=============

PAINEWEBBER INCORPORATED
109 NORTH POST OAK LANE
SUITE 150
HOUSTON, TX 77024
D04I006442


  I
Trade date

JEFFREY K SKILLING
1912 NORTH BLVD
HOUSTON TX 77098-5418

C)
0
z
0
m
x
D
r
G H

CA .,

  IJ
O
O
A
R7
O

-XH008-00525

  I
We confirm the following transaction
Trade activity
SOLD

01/10/2001

39048 1,000 ENRON CORP 70.75 $70,750.00 $60.00
UNSOLICITED
  RULE 144

  Commission/Markup charge 06.00 cents per share
Order taken biv EMERY FINANCIAL GROUP
  SYMBOL ENE ICUSIP NO. 293561106

01

$2.3

ayment date/
P
ettlement date
01116/2001

0,687.6

GOVERNMENT
EXHIBIT
  1939
  Crim. No. H-04-25S-2

PaineWebber Confirmation

  PAGE 1 OF 1
Account Number HM 01206
Your Financial Advisor
EMERY FINANCIAL GROUP 713-957-7000
RAI 01205 0 0002

  IIIIIII11elII,e/I,1e,Ie,I1,111,,11,1,,,111111,1,111„I,II„hI
Date processed S


  It Is Important that you retain this trade con"adon for your tax and financial records. When remlhances/securttles are due, they must be received by us at the address above on or belore the
payment/settlement date. Payments not received by the settlement date may be subject to a late settlement fee. Please Indicate your account number on your check or correspondence.
  Make checks payable to PaineWebber Incorporated. Please see the back of this confirmation for additional terms and definitions applicable to this transaction.
  Pain, PaineWehher Incorporated is am hnNy ntyned subsidiary of Paine Wehher Group inc.