Footnote 8

1459. Insider McMahon did not disclose to Enron that the accounting for the Nimitztransaction was inconsistent with GAAP or otherwise misleading at the Finance Committee meetingon May 3, 1999 and at the Executive Committee meeting on June 22, 1999.Ghost1460. The Insiders did not disclose to Enron that the accounting for the Ghost transaction,which closed approximately December 21, 1999 was inconsistent with GAAP or otherwisemisleading.1461. The Insiders did not disclose to Enron that the accounting for the Ghost transactionwas inconsistent with GAAP or otherwise misleading at Board meetings in and around the time ofthe transaction (including meetings on November 5, November 18, and December 14, 1999, oneweek before the transaction closed) and at Finance Committee meetings in and around the time ofthe transaction (including a meeting on December 13, 1999).1462. Insider Causey did not disclose to Enron that the accounting for the Ghost transactionwas inconsistent with GAAP or otherwise misleading at the Board meeting on December 14, 1999.1463. At the Finance Committee meeting on December 13, 1999, during which Ghost wasincluded in Insider McMahon’s Treasurer’s report, Insiders McMahon, Causey, and Fastow did notdisclose to Enron that the accounting for the Ghost transaction was inconsistent with GAAP orotherwise misleading.Alchemy1464. The Insiders did not disclose to Enron that the accounting for the Alchemytransaction, which closed approximately December 22, 1999 was inconsistent with GAAP orotherwise misleading.1465. The Insiders did not disclose to Enron that the accounting for the Alchemytransaction was inconsistent with GAAP or otherwise misleading at Board meetings in and around604041v1/007457-456-