Footnote 8

Nile1384. The Insiders did not disclose to Enron that the accounting for the Nile Transaction,which closed on or about September 28, 2001, was inconsistent with GAAP or otherwisemisleading.1385. The Insiders did not disclose to Enron that the accounting for the Nile Transactionwas inconsistent with GAAP or otherwise misleading at Board meetings in and around the time ofthe transaction (including meetings on August 13 and 27, 2001), at Finance Committee meetingsin and around the time of the transaction (including a meeting on August 13, 2001), and at ExecutiveCommittee meetings in and around the time of the transaction (including a meeting on June 21,2001).1386. Insiders Causey and Fastow did not disclose to Enron that the accounting for the NileTransaction was inconsistent with GAAP or otherwise misleading at the Board meeting on August13,2001, and the Finance Committee meeting on August 13, 200l.1387. Insider Glisan did not disclose to Enron that the accounting for the Nile Transactionwas inconsistent with GAAP or otherwise misleading at the Finance Committee meeting onAugust 13, 2001.JT Holdings Inc.1388. The Insiders did not disclose to Enron that the accounting for the JT Holdings, Inc.transaction, which closed approximately December 7, 2000, was inconsistent with GAAP orotherwise misleading.1389. The Insiders did not disclose to Enron that the accounting for the JT Holdings, Inc.transaction was inconsistent with GAAP or otherwise misleading at Board meetings in and aroundthe time of the transaction (including meetings on October 7, October 27, and December 7, 2000,the same day the project closed), at Finance Committee meetings in and around the time of the604041v1/007457-442-