============= Page 1 of 9 ============= Ken and Linda Lay Balance Sheet Comparison February 29, 2000 1131100 2129100 Variance Current Assets 3,582,108 3,396,565 (185,543) Marketable Investments Com & Pref Stocks 123,047,813 116,587,277 (6,460,536) Reclassification of Manufife Annuity; 58,152 ENE sh paid off ENE LOC Executive Stock Options 195,735,735 166,264,082 (29,471,653) 640,000 ENE stock options exercised & deferred Bonds 234,541 234,541 - Mutual Funds 10,651,717 11,671,754 1,020,037 Significant inc- GS Exchange Fund & TCW Agress Growth Partnerships (Family)* 50,933,984 51,534,106 600,122 ENE inc .875 from pr mo; CPQ dec. 2.125 from pr mo Long Term Investments 31,162,664 34,488,360 3,325,696 Carson Legend, Houston NFL Holdings, Sanders Opport.Fd Retirement Deferred Assets 18,287,209 57,311,976 39,024,767 Reciass. Of Manufife Annuity Exe 640,000 st opt in def plan Personal Non Earning Assets 2,097,970 2,199,833 101,863 Home Furnishings & Deposit on Mercedes ML55 Current Liabilities (54,790,333) (52,110,742) 2,679,591 Repayment of ENE LOC Long Term Liabilities (110,709,159) (114,905,774) (4,196,615) NFL Holdings credit facility; Increase. in Deferred Tax Liab due to increase stock opt.; (only def stock opt exe) Business Liabilities (160,100) (167,735) (7,635) NET WORTH $270,074,149 $276,504,243 6,430,094 Ken and Linda have guaranteed a mortgage in the amount of $900,000 maturing on January 1, 2014 with an interest rate of 6.88% at Bank of America for their daughter, Robyn Vermeil. This loan is collateralized by property appraised at $965,000 as of December 9, 1998. Ken has also guaranteed two unsecured notes in the amounts of $185,000.00 maturing on May 27, 2000 and $1,200,000 maturing on June 25, 2000-both with an interest rate of 30-Day LIBOR (Daily floating rate) at Bank of America for his sister, Sharon Lay- * Value based on FMV of partnership assets. No discount for partnership Interest Is shown. LAY-G39 0134 LBF002-00637 GOVERNMENT EXHIBIT 212 Crim. No. H-04-25 (S-2) ============= Page 2 of 9 ============= March 13, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 Balance % of Total Assets % of Working Assets ASSETS CURRENT ASSETS Cash on Hand CASH ON HAND/SK 237.91 .0% .0% CASH ON HAND/PSTOKES 5.87 .0% .0% CASH ON HAND/MSTURGIS 193.00 .0% .0% CASH ON HANDILEONA 381.63 .0% .0% Total Cash on Hand 818.41 .0% .0% Checking Accounts: BANK OF AMERICA 0707 15,938.12 .0% .0% BANK OF AMER/CONTRIBUTIONS 302.39 .0% .0% BANK OF AMER/LPL PROP 498.73 .0% .0% BANK OF AMER/STOKES 3,672.80 .0% .0% VECTRA BANK 1,908.02 .0% .0% UNITY 109-900 3,229.16 .0% .0% Total Checking Accounts: 25,549.22 .0% .0% Money Market Accounts: WASHINGTON DC ACCT 90,000.00 .0% .0% Total Money Market Accounts: 90,000.00 .0% .0% Brokerage Accounts: CHARLES SCH-CAPROCK/SCH-CR 275,344.57 .1% .1% GOLDMAN SACHS/GS-61 102,033.93 .0% .0% GOLDMAN SACHS/GS-42 10,850.68 .0% .0% PAINE WEBBER MMA/PW-KLL .02 .0% .0% PAINE WEBBER CYPRESS/PW-98 2,426.38 ..0% .0% PAINE WEBBER MMA/PW-94 43,792.01 .0% .0% WATERHOUSE SEC-MMAIWSI 1,033.22 .0% .0% Total Brokerage Accounts: 435,480.81 .1% .1% Savings Accounts: ENRON CREDIT UNION/KLL 44.26 .0% .0% Total Savings Accounts: ;' 44.26 .0% .0% Treasury Bills: SAVINGS BONDS 2,400.00 .0% .0% Total Treasury Bills: 2,400.00 .0% .0% Short-term Receivables: ACCT RECV-TDH 410,000.00 .1% .1% ACCT RECV-TDH (AVALON) 171,550.04 .0% .0% ACCT RECV-MKL 190,278.26 .0% .0% ACCT RECV-RENT DEP (#1000) 2,102.08 .0% .0% < Page 1 > LAY-G39 0135 LBF002-00638 ============= Page 3 of 9 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 ACCT RECV-S. HOBBS ACCT RECV-D. HOBBS ACCT RECV-RRH ACCT RECV-RRH (DICKEY) ACCT RECV-BJONES ACCT RECV-RV ACCT RECV-JWALLS ACCT RECV-JAI. ACCT RECV-E MCELROY ACCT RECV-STOERNER Total Short-term Receivables: Balance 112,500.00 112,500.00 20,000.00 135,000.00 107,350.83 84, 643.00 1,931.37 22, 878.89 5,750.00 7,000.00 1,383,484.47 % of Total Assets .0% .0% .0% .0% .0% .0% .0% .0% .0% .0% .3% Notes Receivable: FAM PTRNS ANNUITY-2/KLL FAM PTRNS ANNUITY-2/LPL Total Notes Receivable: TOTAL CURRENT ASSETS MARKETABLE INVESTMENTS Emmn Corp. Common Stock Fayez Sarofim Mgmt: Com Sanders Morris Mundy-Com Cypress Asset MgmL-Com. Goldman Sachs-Com Goldman Sachs-Internet Caprock Capital Advisors PaineWebber Core Hold. March 13, 2000 % of Workin g . ets .0% .0% .0% .0% .0% .0% .0% .0% .0% .0% .3% 730,081.17 .2% .2% 728,707.10 .2% .2% 1,458,788.27 .3% .3% 3,396,565.44 .8% .8% 92, 866,262.50 9,595,273.95 3,173,138.70 1,085,802.50 3,854,981.07 2,133;516.78 1,848,208.78 724,349.73 780, 740.38 < Page 2 > LAY-G39 0136 LBF002-00639 ============= Page 4 of 9 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 CPQ ESO 4-97 5000SH (98) CPQ ESO 4-97 25000SH (99) CPQ ESO 4-97 4370SH CPQ ESO 4-98 2,424 SHS ENE ESO 2-93 100,000 SHS ENE ESO 2-94 168,000 SHS ENE ESO 2-94 1,300,000SHS ENE ESO 12-94 180,560 SHS ENE ESO 12-94 84,670 SHS ENE ESO 12-95 203,140 SHS ENE ESO 1-96 147,700 SHS ENE ESO 12-96 118,620 SHS ENE ESO 1-97 113,090 SHS ENE ESO 1-97 935,000 SHS ENE ESO 1-98 95,388 SHS ENE ESO 12-98 590,650 SHS ENE ESO 12-99 325,000SHS ENE ESO 1-00 192,309SHS ENE ESO 2-00 13 SHS Total Vested Exec Stock Options: Balance 45, 475.00 227,375.00 74, 748.85 25,900.44 5,516, 000.00 8,736,000.00 34,155,000.00 9,659,960.00 4, 529, 845.00 10, 094, 026.60 7,43 9,649.00 5,597,677.80 5,25 8,685.00 44,001,100.00 4,644,441.72 11,878,011.72 10,257,000.00 4,123,104.96 81.25 166,264, 082.34 % of Total Assets 0% .1% .0% .0% 1.2% 2.0% 7.7% 2.2% 1.0% 2.3% 1.7% 1.3% 1.2% 9.9% 1.0% 2.7% 2.3% .9% .0% 37.5% March 13, 2000 % of Worldn; Assets .0% .1% .0% .0% 1.2% 2.0% 7.7% 2.2% 1.0% 2.3% 1.7% 1.3% 1.2% 10.0% 1.1°'0 2.7% 2.3% .9% .0% 37.7% Preferred Stocks: DR RED DUKE INC 52,632 SHS 100,000.80 .0% .0% ECOUTLOOK,COM 50,000 SH 200,000.00 .0% .0% INDX SOFTWARE 18588/SMM-JT 50,001.72 .0% .0% NET EXPLOR P2,000SH/SMM-JT 100,000.00 .0% .0% OPENPLUS 7,500SH/SMM-JT 75,000.00 .0% .0% Total Preferred Stocks: 525,002.52 .1% .1% Corporate Bond-Convertibl: LAKEWOOD SPORT CONV/SMM-JT 52,250.00 .0% .0% LAKEWOOD SPORT-l/SMM-JT 52,250.00 .0% .0% LAKEWOOD SPRT CONV2/SMM-JT 30,041.00 .0% .0% EARTHCARE CO DEB/SMM-JT 100,000.00 .0% .0% Total Corporate Bond-Convertibi: 234,541.00 .1% .1% Mutual Funds: GS 1999 EXCH FND/GS 7,319,544.00 1.6% 1.7% PW STRATEGY FUND/PW-94 940,000.00 .2% .2% TCW SELECT EQUITIES FUND 1,339,090.65 .3% .3% TCW AGRESSIVE GRWTH/NB 1,117,097.10 .3% .3% TCW AGRESSWE GROWTH/NB 956,022.11 .2% .2% Total Mutual Finds: 11,671,753.86 2.6% 2.6% Partnerships-other. < Page 3 > LAY-G39 0137 LBF002-00640 ============= Page 5 of 9 ============= March 13, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 Balance % of Total Assets % o f Working Assets KLL & LPL INVESTMENT PTRNS 50,224,647.00 11.3% 11.4% KLL & LPL FAMILY PTRNS 1,309,459.00 .3% .3% Total Partnerships-other. 51,534,106.00 11.6% 11.7% TOTAL MARKETABLE INVESTMENTS 346,291,760.11 78.0% 78.4% LONG-TERM INVESTMENTS Residence: REAL ESTATE/HUNTINGDON 9,782,112.45 2.2% 2.2% REAL ESTATE/LOOSCAN 1,287,640.75 .3% .3% Total Residence: 11,069,753.20 2.5% 2.5% Real Estate Other Homes: REAL ESTATE/ASPEN 2,863,697.02 .6% .6% REAL ESTATEB-3431 447,544.79 .1% .1% REAL ESTATE/SPRING ST 5,145,223.92 1.2% 1.2% PIRATES' COVE LOTS 299,742.66 .1% .1% REAL ESTATEB-3429 695,917.34 .2% .2% REAL ESTATE/B-3433 859,132.60 .2% .2% REAL ESTATEIREBA 492, 63 9.61 .1% .1% REAL ESTATE/CREEKSTONE LOT 1,679,069.25 .4% .4% REAL ESTATE/WESTGATE 283,195.50 .1% .1% REAL ESTATE/2514 AVALON 283,421.38 .1% .1% Total Real Estate Other Homes: 13,049,584.07 2.9% 3.0% Real Estate Active Rental: REAL ES TATE/ 174 1 S R 147,309.00 .0% .0% REAL ESTATE/1852MAR 104,044.97 .0% .0% REAL ESTATE/1856MAR 171,116.43 .0% .0% REAL ESTATE/1918SR 243,231.08 .1% .1% REAL ESTATEIKINGS 190,000.00 .0% .0% REAL ESTATE/VIKING 60,000.00 .0% .0% Total Real Estate Active Rental: 915,701.48 .2% .2% Real Estate Passive: B LENHEIM APARTS, LTD. 225,000.00 .1% .1% COLORADO OASIS LTD. 254,888.00 .1% .1% CREEKSTONE SOUTH RICE PTRS 300,000.00 .1% .1% LAKE CHARLES APTS., LTD. 240,000.00 .1% .1% JESTER APTS PARTNERS,LP 400,000.00 .1% .1% TRAILSME APTS, LTD. 500,000.00 .1% .1% MILAND INVESTMENTS LLC 163,328.60 .0% .0% J.T.FAM,SR. INVEST., LTD. 269,280.00 .1% .1% W.E. TRADE INVESTMENTS LTD 245, 025.00 .1% .1% W.A.REHAUSENLOT INV LTD 113,355.00 .0% .0% Total Real Estate Passive: 2,710,876.60 .6% .6% < Page 4 > LAY-G39 0138 LBF002-00641 ============= Page 6 of 9 ============= March 14, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 Balance % of Total Assets % of Working Assets Farming Interests: IIACRES ILLINOIS 4,500.00 .0% .0% Total Farming Interests: 4,500.00 .0% .0% Other Investment-Passive: CAPRICORN INVESTORS II LP 574,449.00 .1% CAPRICORN INVESTORS III 15,000.00 .0% .0°0 CARSON PRIV CAP EUROPE LP 500,000.00 .1% .1 % CARSON LEGEND LP 250,000.00 .1% .1 % CORPORATE OP PT FUND/SMM-JT 22S,750.00 .1% .19/0 CHAMPION L.L.C/SMM-JT 100,000.00 .0% .0% CON-EQUIP LLC/SMM-JT 100,000.00 .0% .0% ENVIR OPP 500,000SH/SMM-JT 310,000.00 .101/0 J R/ ENVIRON OPP FUND II/SMM-IT 112,800.00 .0°0 .0°'0 HOUSTON NFL HOLDINGS 2.5% 2,500,000.00 .60,0 .6% KESTREL VENTURES, LLC 59,920.00 .0% .0% MV PTRNS-CYBER DIALOGUE 346,500.00 .1% .1% SANDERS OPPORT FUND/SMM-JT 500,000.00 .1% .1% USA CAFE LLC/SMM-JT 30,526.00 .0% .00,0 Y2K ENERGY CO., LTD. 1,110, 000.00 .3% .30,/o Total Other Investment-Passive: 6,73 7,945.00 1.5% 1.5% TOTAL LONG-TERM INVESTMENTS 34,488,360.35 7.8% 7.8% RETIREMENT/DEFERRED ASSETS IRA PAINE WEBBER-IRA/KLL-PW 66,411.61 .0% .0% Total IRA: 66,411.61 .0% .0% IRA/Spouse: PAINE WEBBER-IRA/LPL-PW 66,495.63 .0% .0% Total IRA/Spouse: 66,495.63 .0% .0% Keogh Account: SCUDDER GRWTH & INC/KLL , 366,772.46 .1% .1% SCUDDERINCOME/ L 23,608.48 .0% .0% SCUDDER ST BOND/KLL 25,404.00 .0% .0% Total Keogh Account: 415,784.94 .1% .1% Retirement Plan: ENRON-RETIREMENT 4,093,696.00 .9% .9% ENRON SAVINGS ROIPW401K 5,605,050.00 1.3% 1.3% ENRON SAV RO MMA/PW401K 10,298.67 .0% .0% ENRON SAVINGS 401(K) 1,249,739.56 .3% .3% ENRON ESOP 6,171.00 .0% .0% < Page 5 > LAY-G39 0139 LBF002-00642 ============= Page 7 of 9 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 March 14, 2000 Balance % of Total Assets % of Wor king AS e s FID GROWTH CO 401(K)/KLL 24,135.69 .0% .0% FID OTC 401(K)/KLL 16,467.79 .0% .0% FID OVERSEAS 401(K)/KLL 25,005.99 .0% .0% FID MAGELLAN 401(K)/KLL 59,266.56 .0% .0% MANULIFE ANN KLL/PW-R 3,542,750.00 .8% .3% MANULIFE ANN LPL/PW-R 2,548,000.00 .6% .6% Total Retirement Plan: 17,180,581.26 3.9% 3.9% Deferred Compensat'n Plan: HNG PLAN-85 69,670.00 .0% .0% ENRON DEFERRED COMP-85 3,529,400.68 .8% .8% ENRON DEFERRED COMP-94 1,000,008.82 .2% .ego ENRON PHANTOM STOCK DEF 34,033,51 1.88 7.7% 7.7% ELI LILLY DEFERRED COMP 950,11 1.11 .2% .2% Total Deferred Compensat'n Plan: 39,582,702.49 8.9% 9.0% TOTAL RETIREMENT/DEFERRED ASSETS 57,31 1,975.93 12.9% 13.0% TOTAL WORKING ASSETS 441,488,661.83 99.5% 100.0% PERSONAL/NON-EARNING ASSET Automobile(s): 90 JEEP WRANGLER 6,825.00 .0% 92 4WD JEEP CHEROKEE 11,750.00 .0% 93 MERCEDES 600SL 63,975.00 .0% 95 LT SUBURBAN CHEVY 21,365.22 .0% 96 RANGE ROVER 43,525.00 .0% 99 MERCEDES ML430 52,693.33 .0% 97 SUBURBAN CHEVY 29,893.30 , .0% 00 MERCEDES S500V 98,701.59 .0% 00 MERCEDES G500 20,000.00 .0% 00 YELLOW JEEP WRANGLER 23,259.26 .0% 00 SILVER JEEP WRANGLER 23,303.14 .0% 00 RED JEEP WRANGLER 22,450.70 .0% Total Automobile(s): 417,74 1.54 .1% Home Furnishings: HOME FURNISHINGS/HUNT 1,072,236.54 .2% HOME FURNISHINGS/L0 OSCAN 42,025.59 .0% HOME FURNISHINGS/ASPEN 138,984.11 .0% HOME FURNISHINGS/B-3431 163,984.20 .0% HOME FURNISHINGS/B-3429 80,833.15 .0% HOME FURNISHINGS/B-3433 84,211.40 .0% HOME FURNISHINGS/SPRING 79,753.90 .0% Total Home Furnishings: 1,662,028.89 .4% Other Vehicles & Equip: < Page 6 > LAY-G39 0140 LBF002-00643 ============= Page 8 of 9 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 BW 21' OUTRAGE BOAT DUFFY 18' ELECTRIC BOAT HURRICANE 19' SPIRIT CANOE SUPER SPORT BOAT 1997 Total Other Vehicles & Equip: TOTAL PERSONAL/NON-EARNING ASSET TOTAL ASSETS LIABILITIES CURRENT LIABILITIES Credit Cards: AMER- EXPRESS/RL AMERICAN EXPRESS MASTERCARD 5551 NEIMAN MARCUS 1314 NEIMAN MARCUS 7487 VISA GOLD 4151 Total Credit Cards: Notes Payable: CHASE BANK LOC COMPASS BANK LOC BANK OF AMER $37.5M NON PAINE WEBBER-LOC/PW-97 ACCT PAYABLE (ST)-ENRON Total Notes Payable: Security Deposits: SEC DEPOSIT/Z-1918SR SEC D EPO SIT/Z- 18 5 6MAR SEC DEPOSITIZ-MCDUF Total Security Deposits: Margin Acct Liability. PAINE WEBBER MARGINIPW-99 Total Margin Acct Liability. TOTAL CURRENT LIABILITIES March 14, 2000 Balance % o f Total Assets % of Working . ssets 49,327.00 .0% 14,131.25 .0% 22,695.14 .0% 406.43 .0% 33,502.74 .0% 120,062.56 .0% 2,199,832.99 .5% 443, 68 8, 494.82 100.0% -26,018.06 .0% .0% -41,495.95 .0% .0% 4,272.72 .0% .0% -46,658.66 .0% .0% -213.57 .0% .0% 5,244.87 .0% .0% -104,868.65 .0% .0% 6,867,000.00 1.5% 1.6% 5,689,871.12 1.3% 1.3% 27,909,999.56 6.3% 6.3% 10,045, 946.26 2.3% 2.3% 136,887.35 .0% .0% 50, 649, 704.29 1+1.4% 11.5% 1,550.20 .0% .0% 125.00 .0% .0% 150.00 .0% .0% 1,825.20 .0% .0% 1,564, 080.96 .4% .4% 1,564,080.96 .4% .4% 52,110,741.80 11.7% 11.8% LONG-TERM LIABILITIES Home Mortgage: BANK OF AMER/LOOSCAN BANK OF AMER/HUNTINGDON BANK OF AMER/HUNT #2 LIEN 624,871.38 .1% .1% 4,415,460.69 1.0% 1.0% 495,510.61 .1% .1% < Page 7 > LAY-G39 0141 LBF002-00644 ============= Page 9 of 9 ============= March 14, 2000 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: February 29, 2000 Balance % of Total Assets % of WorkJng Assets BANK OF AMER/HUNT #3 LIEN 496,461.18 .1% .1% Total Home Mortgage: 6,032,303.86 1.4% 1.4';'0 Other Real Estate Mtge: BANK OF AMER/ASPEN 1,529,165.55 .3% .3% CITICORP MORTGAGE/B-3431 220,228.89 .0% .0% BANK OF AMER/LOTS 103,094.83 .0% .0% BANK OF AMER/B-3429 245, 85 3.45 .1% .1% BANK OF AMERB-3433 531,797.15 .1% .1% BANK OF AMER/REBA 323,446.59 .1% .1% BANK OF AMER/2514 AVALON 225,000.00 .1% .1% BANK OF AMER/CREEKSTONE 1,200,000.00 .3% .3% BANK OF AM/SPRING ST 4,292,652.50 1.0% 1.0"/0 Total Other Real Estate Mtge: 8,671,238.96 2.0% 2.0% Investment Liabilities: BANK OF AMER/WESTGATE LOT 191,250.00 .0% .0% BK OF AM/CREDIT FACILITY 2,500,000.00 .6% .6% Total Investment Liabilities: 2,691,250.00 .6% .6% Deferred Tax Liabilities: DEF TAX LIAB-STK OPT ONLY 97,510,981.60 22.0% 22.1% Total Deferred Tax Liabilities: 97,510,981.60 22.0% 22.1% TOTAL LONG-TERM LIABILITIES 114,905,774.42 25.9% 26.0% BUSINESS LIABILITIES Employer Taxes/Bus: FICA WITHHELD-EE (TX) 37,695.42 .0% .0% FICA WITHHELD-LPL EE(TX) 4,626.52 .0% .0% FIT WITHHELD-EE (TX) 74,674.54 .0% .0% FIT WITHHELD-LPL EE(TX) 7,844.00 .0% .0% SIT WITHHELD-EE (MO) 355.20 .0% .0% SIT WITHHELD-EE (HH-CO) 216.00 .0% .0% Total Employer Taxes/Bus: 125,411.68 .0% .0% Accrued FICA Tax/Business: FICA PAYABLE-ER (TX) 37,697.29 .0% .0% FICA PAYABLE-LPL ER(TX) 4,626.52 .0% .0% Total Accrued FICA Tax/Business: 42,323.81 .0% .0% TOTAL BUSINESS LIABILITIES 167,735.49 .0% .0% TOTAL LIABILITIES 167,184,251.71 37.7% 37.9% NET WORTH TOTAL NET WORTH 276,504,243.11 62.3% 62.6% TOTAL LIABILITIES AND NET WORTH 443,688,494.82 100.0% < Page 8 > LAY-G39 0142 LBF002-00645