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April 30, 2001

Rocky Emery
Paine Webber, Inc.
Private Client Group
109 N. Post Oak Lane, Suite 150
Houston, TX 77024

Kenneth L Lay
Chairman of the Board

Enron Corp.
P.O. Box 1188
Houston, TX 77251-1188
713-853-6773
Fax 713-853-5313
kenneth.lay@enron.eom

RE: Sale of 63,152 shares of Enron Corp. to Company for Repayment of
$4,000,000 LOC plus accrued interest through April 27, 2001

Dear Rocky:

  This letter is your authority to transfer 63,152 shares of Enron Corp. stock
from the stock option award, Grant #5494, with an exercise date of 8/24/00 in
Paine Webber Acct. HM-E01 33-ES to the Enron Corp. Omnibus Paine Webber
Acct. HS-54630-EN by or before Wednesday, May 2nd

  Please call Sherrie Gibson at 713/630-0103 should you have any
questions.

Sincerely,



CC: v Elaine Overturf
Pam Butler
Joanne Cortez
Sherrie Gibson

EC38648B0050234

Endless possibilities.1M

EXH063-00330

GOVERNMENT
EXHIBIT
  4112
  Crim. No. H-04-25 (S-2)