============= Page 1 of 15 ============= Ken and Linda Lay Balance Sheet Comparison August 31, 2001 ENE $ 45.3500 $ 34.9900 CPQ $ 14.9400 $ 12.3500 7131/01 8/31/01 Variance Current Assets 9,109,015 8,253,041 (855,974) Stock option exercise proceeds remaining in brokerage acct to offset margin account; $ released 8/01 Marketable Investments Corn & Pref Stocks 81,886,399 55,306,297 (26,580,102) 441,707 shares of ENE stock used to pay off LOCs plus 68,620 shares from stock opt exec Executive Stock Options 50,650,403 23,316,733 (27,333,670) 68,620 ENE stock opt exec to hold Bonds 652,273 652,273 - S Mutual Funds 5,466,391 5,120,028' ~ (346,363) Partnerships (Family)* 16,801,271 11,062,017 (5,739,254) Long Term Investments 55,896,276 56,052,700 156,424 SMH LifeSciences $125K, BBT $250K,Chase $312.5K, Country Watch.com 250K, CPC Yell $250K etc. less 2000 Sch K-1s Retirement/Deferred Assets 44,385,420 37,480,254 (6,905,166) Personal Non Earning Assets 3,602,995 3,624,156 21,161 Current Liabilities (39,086,221) (26,409,005) 12,677,216 $16M paydown from sale of ENE to ENE less investments and expenses (taxes on stock opt exe) Long Term Liabilities (60,824,518) (42,914,401) 17,910,117 Decrease in Def. Tax Liability Business Liabilities (363,979) (377,218) (13,239) NET WORTH $168,175,725 $ 131,166,875 (37,008,850) ` Value based on FMV of partnership assets. No discount for partnership interest is shown NOTE: Net Worth of $131,166,875 does not reflect 1,468,416 unvested Enron stock options and 151,948 restricted shares of Enron Corp. Based on a FMV of $34.99/share as of 8131101, these options are valued at $1,428,339 and the restricted shares are valued at $5,316,661 totaling $6,745,000. The total value less deferred tax liability of 40% would add approximately $4,047,000 to the net worth. LAY-G32 1767 LBF002-00839 GOVERNMENT EXHIBIT 230 Crim. No. H-04-25 (S-2) ============= Page 2 of 15 ============= Ken and Linda Lay Balance Sheet Comparison August 31, 2001 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 guaranteed three secured notes in the amounts of $250,000 and $275,000 maturing on October 23, 2001 and a construction loan in the amount of $1,230,000 maturing on January 17, 2003 for his sister, Sharon Lay. These loans all have an interest rate of 30-Day LIBOR + 1.5% and are collaterized by residential real estate. He has also guaranteed an unsecured note in the amount of $50,000 for Sharon Lay Productions, Inc. which matures 2/21102. Linda has guaranteed a note secured by a 2000 Toyota Avalon in the amount of $26,949 and a note secured by a 2001 Toyota in the amount of $19,381. Linda has guaranteed a note in the amount of $130,000 maturing November 28, 2005 with an interest rate of 8.15% for Randy Gray. This loan is secured by residential real estate in Galveston. Ken and Linda have guaranteed an unsecured $5,000,000 line of credit for MILAND Investments, L.L.C. at Bank of America. The line of credit matures on April 5, 2002 with a floating interest rate of 30-Day LIBOR plus 1.25%. The amount currently funded on the line of credit is $4 502.010_ On September 1, 2001, Ken and Linda have guaranteed an unsecured $1,000,000 line of credit for KLL & LPL Investments, Ltd. at Bank of America. The line of credit matures on September 1, 2002 with a floating interest rate of 30-Day LIBOR plus 1.25%. The line of credit is fully funded. The outstanding commitments for various investments total $ 17,988,880. LAY-G32 1768 LBF002-00840 ============= Page 3 of 15 ============= List of Outstanding Commitments As of August 31, 2001 Total Outstanding PERSONAL Commitment Total Invested Commitment Broadwing, LLC 96,000 48,000 48,000 Capricorn Investors II LP 500,000 500,000 - Capricorn Investors III LP 750,000 402,811 347,189 Carson Private European Fund 1,625,000 1,300,000 325,000 Chase Cap Ptrs Private Eq Fund 5,000,000 2,476,864 2,523,136 8109-$312,500 Corporate Opportunities Funds 750,000 375,000 375,000 Environmental Opportunities Fund 500,000 475,000 25,000 Environmental Opportunities II Fund 400,000 216,000 184,000 8/24-$48,000 Genesis Park LP 500,000 144,758 355,242 Jester Apartments-Slidell, LA 350,000 80,000 270,000 Lazard Technology Partners II LP 1,000,000 389,365 610,635 Murphree Venture Partners V, LP 500,000 100,000 400,000 SMH LifeSciences Opportunity Fund 250,000 125,000 125,000 8/03-$125,000 SRE Properties Partnership No. 1, L.P. 2,500,000 1,673,342 826,658 Sterling Group Partners 1, L.P. 2,500,000 437,500 2,062,500 Vanguard VII LP 3,000,000 900,000 2,100,000 Westbridge Ventures, L.P. 1,000,000 263,480 736,520 8/09-$13,563 SUBTOTAL $ 21,221,000 $ 9,907,120 $ 11,313,880 List of Scheduled Commitments: Houston NFL Holdings 11,675,000 5,000,000 6,675,000 (Offset by Credit Facility at Bank of Am) TOTAL $ 32,896,000 $ 14,907,120 $ 17,988,880 LAY-G32 1769 LBF002-00841 ============= Page 4 of 15 ============= Kenneth L. & Linda P. Lav SUMMARY BALANCE SHEET As of: August 31, 2001 ASSETS CURRENT ASSETS Cash on Hand Checking Accounts Money Market Accounts Brokerage Accounts Savings Accounts Treasury Bills Short-term Receivables Notes Receivable TOTAL CURRENT ASSETS MARKETABLE INVESTMENTS Enron Corp. Common Stock Fayez Sarofim Mgmt.-Com Sanders Morris Mundy-Com Cypress Asset Mgmt.-Com. Caprock Capital Advisors PaineWebber Core Hold. TCW Core Equity TCW Mid Cap Equity Privately-Held Stock Vested Exec Stock Options orporate Bond- Convertibl Mutual Funds ( (r,~dsw~-s E~J~ Partnerships-other TOTAL MARKETABLE INVESTMENTS LONG-TERM INVESTMENTS Residence Real Estate Other Homes Real Estate Active Rental Real Estate Passive Farming Interests Other Investments TOTAL LONG-TERM INVESTMENTS 2,353.48 140,212.29 90,000.00 500,493.54 46.01 600.00 6,060,547.67 1,458,788.27 $ 25,334,264.57 6,523,002.00 2,840,409.39 364,53 8.92 2,975,753.90 499,702.10 2,343,073.48 540,259.90 1,212,533.39 12,672,760.37 23,316,732.56 652,273.00 5,120,028.10 11,062,017.00 $ 10,149,552.79 20,285,399.08 2,103,490.81 6,750,062.41 4,500.00 16,759,694.59 September 18, 2001 $ 8,253,041.26 95,457,348.68 56,052,699.68 RETIREMENT/DEFERRED ASSETS IRA $ 37,650.93 IRA/Spouse 37,677.36 Retirement Plan 13,034,406.63 Deferred Compensat'n Plan 24,370,518.75 TOTAL RETIREMENT/DEFERRED ASSETS 37,480,253.67 Page 1 LAY-G32 1770 LBF002-00842 ============= Page 5 of 15 ============= Kenneth L. & Linda P. Lay SUMMARY BALANCE SHEET As of: August 31, 2001 September 18, 2001 PERSONAL/NON-EARNING ASSET Automobile(s) $ 514,478.20 Home Furnishings 2,965,550.29 Other Vehicles & Equip 144,127.31 TOTAL PERSONAL/NON-EARNING ASSET 3,624,155.80 TOTAL ASSETS $ 200,867,499.09 LIABILITIES CURRENT LIABILITIES Notes Payable Security Deposits Margin Acct Liability TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Home Mortgage Other Real Estate Mtge Investment Liabilities Deferred Tax Liabilities TOTAL LONG-TERM LIABILITIES BUSINESS LIABILITIES Employer Taxes/Bus Accrued FICA Tax/Business TOTAL BUSINESS LIABILITIES TOTAL LIABILITIES EQUITY TOTAL NET WORTH TOTAL LIABILITIES AND NET WORTH 377,218.52 $ 69,700,624.55 $ 131,166,874.54 c ,)nn oc-7 nnn nn LAY-G32 1771 Page 2 $ 16,245,041.36 1,369.18 10,162,594.88 $ 26,409,005.42 $ 5,311,817.89 14,724,332.83 5,282,650.89 17,595,599.00 42,914,400.61 $ 282,329.87 94,888.65 LBF002-00843 ============= Page 6 of 15 ============= Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: August 31, 2001 Balance ASSETS CURRENT ASSETS Cash on Hand: CASH ON HAND/SK 220.67 CASH ON HAND/PSTOKES 779.03 CASH ON HAND/MSTURGIS 199.77 CASH ON HAND/LEONA 381.63 CASH ON HAND/PRAKER 219.33 CASH ON HAND/BVLILT 553.05 Total Cash on Hand: 2,353.48 Checking Accounts: BANK OF AMERICA 0707 121,737.07 BANK OF AMER/LPL PROP 2,768.25 BANK OF AMER/STOKES 7,953.82 CHASE BANK CHECKING 1,385.35 VECTRA BANK 3,934.98 UNITY 109-900 2,432.82 Total Checking Accounts: 140,212.29 Money Market Accounts: WASHINGTON DC ACCT 90,000.00 Total Money Market Accounts: 90,000.00 Brokerage Accounts: GOLDMAN SACHS/GS-61 621.65 PAINE WEBBER MMA/PW-22 1,832.45 PAINE WEBBER CYPRESS/PW-43 374.00 PAINE WEBBER CAP/PW-46 60.00 PAINE WEBBER GS/PW-44 144.00 SANDERS MORRIS MMA/SMH-JT 33.29 PAINE WEBBER TCW CF-71 -6,462.18 FIRST UNION MMA/FTU-60 210,109.71 FIRST UNION MMA/FTU-58 32,402.29 FIRST UNION MMA/FTU-54 3,485.77 FIRST UNION MMA/FTU-30 196,006.86 FIRST UNION MMA/FTU-24 39,057.18 FIRST UNION MMA/FTU-26 22,828.52 Total Brokerage Accounts: 500,493.54 Savings Accounts: September 18, 2001 ENRON CREDIT UNIONIKLL 46.01 Total Savings Accounts: 46.01 Treasury Bills: Page 1 LAY-G32 1772 -BF002-00844 ============= Page 7 of 15 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 Balance SAVINGS BONDS 600.00 Total Treasury Bills: 600.00 Short-term Receivables: ACCT RECV-KLL & LPL INVEST 2,523,500.00 ACCT RECV-TDH 500,000.00 ACCT RECV-MKL 150,000.00 ACCT RECV-RENT DEP (#1000) 2,102.08 ACCT RECV-RENT DEP (#811) 1,058.33 ACCT RECV-S. HOBBS 75,000.00 ACCT RECV-D. HOBBS 75,000.00 ACCT RECV-BJONES 102,962.60 ACCT RECV-RV 84,643.00 ACCT RECV-ELV(FL) 580,000.00 ACCT RECV-ELV(TX) 790,242.27 ' ~ ACCT RECV-G KINNEAR 900,000.00 ACCT RECV-JANE TRAN . 25,000.00 ACCT RECV-E MCELROY 950.00 ACCT RECV-MISC 5,670.87 ACCT RECV-RANDY GRAY 600.00 ACCT RECV-S. ADARO 6,900.00 ACCT RECV-A. PHILLIPS 37,000.00 ACCT RECV-JIM EMERSON 18,000.00 ACCT RECV-P TERRAZAS 13,285.05 ACCT RECV-PAOLATERRAZAS 1,721.78 ACCT RECV-T. ZILBERFARB 15,000.00 ACCT RECV-HUGUES HEYMAN 44,814.35 ACCT RECV-LEONA ARMSTRONG 400.00 ACCT RECV-J EMERSON 28,615.85 ACCT RECV-VAN STOKES 3,000.00 ACCT RECV-OSVALDO PEREIRA 15,000.00 ACCT RECV-CHAD MODAD 20,000.00 ACCT RECV-RUTH VILLALOBOS 40,000.00 ACCT RECV-PAMELA MAYORGA 81.49 Total Short-term Receivables: 6,060,547.67 Notes Receivable: FAM PTRNS ANNUITY-2/KLL 730,081.17 FAM PTRNS ANNUITY-2/LPL 728,707.10 Total Notes Receivable: 1,458,788.27 TOTAL CURRENT ASSETS 8,253,041.26 Page 2 September 18, 2001 LAY-G32 1773 F002-00845 ============= Page 8 of 15 ============= September 18, 2001 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 MARKETABLE INVESTMENTS Enron Corp. $ 25,334,264.57 Common Stock 6,523,002.00 Fayez Sarofim Mgmt.-Com 2,840,409.39 Sanders Morris Mundy-Com 364,53 8.92 Cypress Asset Mgmt.-Com. 2,975,753.90 Caprock Capital Advisors 499,702.10 PaineWebber Core Hold. 2,343,073.48 TCW Core Equity 540,259.90 TCW Mid Cap Equity 1,212,533.39 Privately-Held Stock: ACOUSTIC TECH 100,000 SH-B 210,000.00 AMER EQ LIFE HLDG/SMH-IT 199,875.00 AMER EQ LIFE 2500/SMH-JT 39,975.00 COUNTRYWATCH.COM 250,000.00 DR RED DUKE INC 52,632 SHS 100,000.80 ECOUTLOOK COM SERIES B 200,000.00 ECOUTLOOK COM SERIES C 299,999.57 ETERNITY, INC. 1,500 SH-A 150,000.00 ETERNITY, INC. NOTE 37,500.00 EVELOSITY CORP. SER B 850,000.00 EVELOCITY CORP 300,000 SHS 300,000.00 EVELOCITY CORP 18,345.2 SH 18,345.20 EVELOCITY CORP 150,000 SHS 75,000.00 FLASHFIND CORP 150,000 SHS 112,500.00 HOSTCENTRIC 54,347 SH-B 249,996.20 INDX SOFTWARE 18588/SMH-JT 50,001.72 LOMBARDI SOFT 7500S/SMH-JT 75,000.00 MRS. FIELDS HOLDING CO. 81,000.00 NETVERSANT 125,000/SMH-JT 500,000.00 OLD BALDY CORP 250 SHS 28,360.00 OLD BALDY CORP 33 SHS 12,000.00 PHOTOFETE.COM CONVERT NOTE 123,103.12 QUESTIA MEDIA 558,306 SH-A 1,831,243.68 QUESTIAMEDIA 1294297SH-B 4,245,294.16 QUESTIA MEDIA 647,148SH-C 2,122,645.44 QUESTIA MEDIA 12,821SH 42,052.88 QUESTIAMEDIA 12,295SH 40,327.60 RED SKY INT 5,000SH/SMH-TT 247,800.00 RED SKY INT 2,000SH/SMH-JT 180,740.00 Total Privately-Held Stock: 12,672,760.37 Vested Exec Stock Options: CPQ ESO 4-97 4370SH 18,922.10 Page 3 LAY- G32 1774 3F002-00846 ============= Page 9 of 15 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 Balance CPQ ESO 4-99 2,953 SHS 1,476.50 ENE ESO 12-95 8,632 SHS 137,507.76 ENE ESO 1-97 113,090 SHS 1,440,766.60 ENE ESO 1-97 1,275,000 SHS 16,957,500.00 ENE ESO 1-98 127,184 SHS 1,898,857.12 ENE ESO 12-98 442,988 SHS 2,861,702.48 Total Vested Exec Stock Options: 23,316,732.56 Corporate Bond- Convertibl: LAKEWOOD SPORT CONV/SMH-JT 52,250.00 LAKEWOOD SPORT-I/SMH-IT 52,250.00 LAKEWOOD SPRT CONV2/SMH-JT 30,041.00 EARTHCARE CO DEB/SMH-JT 100,000.00 EARTHCARE CO 1534SHVSMH-JT 15300 , 4. EARTHCARE CO 253ISHSMH-JT 2 53 0 EARTHCARE CO 2594SHISMH-JT 2,594.00 EARTHCARE CO 2688SHJSMH-JT 2,688.00 EARTHCARE CO 2756SHISMH-JT 2,756.00 EARTHCARE CO 1SH/SMH-JT 1.00 EARTHCARE CO 2794SH/SMH-JT 2,794.00 EARTHCARE CO 1 SH-2/SMH-JT 1.00 EARTHCARE CO 2833/SMH-JT 2,833.00 FLASHFIND CORPORATION 250,000.00 FLASHFIND CORP NOTE 3/01 75,000.00 FLASHFIND CORP NOTE 5/01 75,000.00 Total Corporate Bond- Convertibl: 652,273.00 Mutual Funds: GS 1999 EXCHFND/GS-61 5,120,028.10 Total Mutual Funds: 5,120,028.10 Partnerships-other. KLL & LPL INVESTMENT PTRNS 10,373,615.00 KLL & LPL FAMILY PTRNS 688,402.00 Total Partnerships-other. 11,062,017.00 TOTAL MARKETABLE INVESTMENTS 95,457,348.68 LONG-TERM INVESTMENTS Residence: REAL ESTATE/HUNTINGDON 10.149.552.79 Total Residence: 10,149,552.79 Real Estate Other Homes: REAL ESTATEJASPENI 2,869,323.52 REAL ESTATE/ASPEN2 5,648,454.72 Page 4 September 18, 2001 LAY-G32 1775 002-00847 ============= Page 10 of 15 ============= Kenneth L. & Linda P. Lav BALANCE SHEET ANALYSIS As of: August 31, 2001 Balance REAL ESTATEJASPEN3 6,257,394.11 PIRATES' COVE LOTS 299,742.66 REAL ESTATEB-3431 735,509.14 REAL ESTATE/B-3429 770,503.39 REAL ESTATE/B-3433 879,429.97 REAL ESTATE/REBA 492,639.61 REAL ESTATE/ASPEN4 1,759,094.64 REAL ESTATE/WESTGATE 284,873.38 REAL ESTATE/2514 AVALON 288,433.94 Total Real Estate Other Homes: 20,285,399.08 Real Estate Active Rental: REAL ESTATEJ1741SR 147,309.00 REAL ESTATE/1852MAR 104,044.97 REAL ESTATE/1856MAR 173,048.67 REAL ESTATE/1918SR 243,875.17 REAL ESTATEIKINGS 190,000.00 REAL ESTATE/VIKING 61,008.00 REAL ESTATE/MEXICO MO 240,026.00 REAL ESTATE/2403 AVALON 944,179.00 Total Real Estate Active Rental: 2,103,490.81 Real Estate Passive: BLENHEIM APARTS, LTD. 175,412.00 CREEKSTONE SOUTH RICE PTRS 266,115.00 CREEKSTONE WALNUT LP 748,409.00 DYMAXION APARTMENTS, LTD 21,943.00 HAINES APARTMENTS, LTD. 100,000.00 JESTER APTS PARTNERS,LTD 552,654.00 J.T.FAM,SR. INVEST., LTD. 490,020.00 LAKE CHARLES APTS., LTD. 176,023.00 MILAND INVESTMENTS LLC 1,038,455.08 NOLANA, LTD. 186,000.00 RESACADE LAS PALMAS 240,000.00 SAJG KIRBY BRAESWOOD 180,000.00 SRE PROPERTIES PTR NO. 1 1,675,807.33 TRAILSIDE APTS, LTD. 486,208.00 W.E. TRADE INVESTMENTS LTD 297,358.00 W.A.REHAUSENLOT INV LTD 115,658.00 Total Real Estate Passive: 6,750,062.41 Farming Interests: 11 ACRES ILLINOIS 4,500.00 Total Farming Interests: 4,500.00 September 18. 2001 Page . 5 LAY-G32 1776 3F002-00848 ============= Page 11 of 15 ============= Kenneth L. & Linda F. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 Other Investments: BBT PARTNERS, L.P. BROADWING, LLC CAPRICORN INVESTORS II LP. CAPRICORN INVESTORS III CARSON PRIV CAP EUROPE LP CHASE CAP PTRS PRV FUND CORPORATE OPPT FUND/SMH-JT CHAMPION L.L.C/SMH-JT CPC YELL, L.P. ENVIR OPP 500,000SH/SMH-JT ENVIRON OPP FUND II/SMH-JT GENESIS PARK LP HOUSTON NFL HOLDINGS 2.5% SMH INDX LLC/SMH-JT LAZARD TECH PTRS II LP LOMBARDI LLC/SMH-JT MURPHREE VENTURE PTRS LP MV PTRNS-CYBER DIALOGUE MV PARTNERS SANDERS OPPORT FUND/SMH-JT SMH CERI, LLC/SMH SMH LIFE SCIENCES/SMH-JT STERLING GROUP I LP TACONIC CAPITAL PTRS LP TCW WESTBRIDGE VENTURES VANGUARD VII LP Total Other Investments: TOTAL LONG-TERM INVESTMENTS RETIREMENT/DEFERRED ASSETS IRA: FIRST UNION-IRAJKLL-FTU Total IRA- -RA/Spouse: FIRST UNION-IRA/LPL-FTU Total IRA/Spouse: Balance September 18, 2001 250,000.00 162,331.00 510,441.00 378,855.00 1,254,212.00 2,497,542.65 339,000.00 96,812.00 250,000.00 220,000.00 123,200.00 144,75 8.00 3,993,705.00 10,928.60 381,360.00 40,832.50 90,610.00 346,478.00 250,000.00 952,645.84 50,000.00 125,000.00 437,500.00 2,738,460.00 261,085.00 853,93 8.00 16,759,694.59 56,052,699.68 37,650.93 - ~-4 37,650.93 37,677.36 37 677 36 Retirement Plan: X ENRON-RETIREMENT - Pe.KSlo v' ENRON SAVINGS R0~ - I IQA ,~ f \ EE NRON SAV RO MMAIFTU-401 - 1R~ ~Caa.G) 1~.LKEOGH MMA/PW-18 - IQ ,4 EOGH MUNDER TECH/PW-18 _RA Page 6 ' X13-3yS }880 b sa,.~ 4,220,212.93 - C44 2,855,778.83 74,740.33 2,33 2.08 131,75 7.74 LAY-G.32 1777 BF002-00849 ============= Page 12 of 15 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 ~" Balance ENRON SAVINGS 401K (!~nrov U - 656,254.25 ENRON ESOP 4,245.69 FID GROWTH CO 401 (K)/KLL 18,513.32 FID OTC 401(K)/KLL 9,923.15 FID OVERSEAS 401(K)/KLL 20,064.00 FID MAGELLAN 401(K)iKLL 53,681.93 MANULIFE ANN KLL/PW-R 2,632,179.96 September 18, 2001 I 0 eun~ ' MANULIFE ANN LPL/PW-R 2,354,722.42 Total Retirement Plan: 13,034,406.63 Deferred Compensafn Plan: 0 ; Z. 1~'r HNGPLAN-85 (Siwmila, 1210? 83,604.00-2.0% y end f y~ 0 ENRON DEFERRED COMP-85 3,73 7,05 7.12 - I a. 7, ENRON DEFERRED COMP-94 1,274,533.00 - ENRON PHANTOM STOCK DEF 17,852,911.66 - E,A ELI LILLY DEFERRED COMP 1,390,655.75 TCW DEFERRED COMP 31,757.22 k o Total Deferred Compensat'n Plan: 24,370,518.75 4 N ' TOTAL RETIREMENT/DEFERRED ASSETS 37,480,253.67 PERSONAL/NON-EARNING ASSET Automobile(s): 92 4WD JEEP CHEROKEE 7,400.00 93 MERCEDES 600SL 40,000.00 95 LT SUBURBAN CHEVY 13,000.00 96 RANGE ROVER 30,000.00 99 MERCEDES ML430 39,000.00 97 SUBURBAN CHEVY 15,280.15 00 MERCEDES ML55 73,348.19 00 MERCEDES G500 LWB 149,176.18 00 YELLOW JEEP WRANGLER 20,400.00 00 SILVER JEEP WRANGLER 20,400.00 00 RED JEEP WRANGLER 20,400.00 01 GMC DENALI 48,272.40 01 GRAND CHEROKEE 37,801.28 Total Automobile(s): 514,478.20 Home Furnishings: HOME FURNISHINGS/HUNT 2,188,312.83 HOME FURNISHING S/ASPENI 138,984.11 HOME FURNISHINGS/B-3431 192,315.63 HOME FURNISHINGS/B-3429 80,833.15 HOME FURNISHINGS/B-3433 103,872.74 HOME FURNISHINGS/ASPEN2 259,141.69 HOME FURNISHINGS/ASPENS 553.86 Page 7 LAY-G32 1778 -BF002-00850 ============= Page 13 of 15 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 HOME FURNISH/2514AVAL ON Total Home Furnishings: Other Vehicles & Equip: BW 21' OUTRAGE BOAT DUFFY 18'-I DUFFY 18'-11 HURRICANE 19' SPIRIT CANOE SUPER SPORT BOAT 1997 Total Other Vehicles & Equip: TOTAL PERSONAL/NON-EARNING ASSET TOTAL ASSETS LIABILITIES CURRENT LIABILITIES Notes Payable: CHASE BANK LO C COMPASS BANK LOC ENRON CORP. LOAN BANK OF AMER $40M NON PAINE WEBBER-LOC./PW-42 ACCT PAYABLE (ST)-ENRON Total Notes Payable: Security Deposits: SEC DEPOSIT/Z- 1918SR SEC DEPOSIT/Z-1856MAR SEC DEPOSIT/Z-MCDUF Total Security Deposits: Margin Acct Liability: PAINS WEBBER MARGINIPW-33 FIRST UNION MARGIN/FTU-52 Total Margin Acct Liability: TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Home Mortgage: BANK OF AMER/HUNTINGDON BANK OF AMER/HUNT #2 LIEN BANK OF AMERJHUNT #3 LIEN Total Home Mortgage: Page 8 Balance 1,53 6.28 2,965,550.29 49,327.00 19,098.00 19,098.00 22,695.14 406.43 33,502.74 144,127.31 3,624,155.80 200,867,499.09 September 18, 2001 2,642,000.00 3,489,871.12 4,000,000.00 5,629,391.70 0.02 p. J 483,778.52 16,245,041.36 850.20 125.00 393.98 1,369.18 6,086.18 10,156,508.70 10,162,594.88 26,409,005.42 4,336,469.98 487,055.64 '488,292.27 5,311,817.89 LAY-G32 1779 .BF002-00851 ============= Page 14 of 15 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 Balance Other Real Estate Mtge: BANK OF AMER/ASPENI 1,494,580.34 CITICORP MORTGAGEE-3431 173,260.23 BANK OF AMER/B-3429 236,337.63 BANK OF AMER./B-3433 521,502.87 BANK OF AMER/REBA 316,484.30 BANK OF AMER/2514 AVALON 225,000.00 BANK OF AM/ASPEN2 4,246,601.34 BANK OF AM/ASPEN3 5,473,666.01 BANK OF AMERJASPEN4 1,200,000.00 BANK OF AMER/2403AVALON 836,900.11 Total Other Real Estate Mtge: 14,724,332,83 Investment Liabilities: BANK OF AMER/GALV LOTS 91,400.89 BANK OF AMER/WESTGATE LOT 191,250.00 BK OF AM/CREDIT FACILITY 5,000,000.00 Total Investment Liabilities: 5,282,650.89 Deferred Tax Liabilities: DEF TAX LIAB-STK OPT ONLY 17,595,599.00 Total Deferred Tax Liabilities: 17,595,599.00 TOTAL LONG-TERM LIABILITIES 42,914,400.61 BUSINESS LIABILITIES Employer Taxes/Bus: MEDIC WITHHELD-EE (TX) 66,799.29 SOC SEC WITHHELD-EE (TX) 17,151.68 MEDIC WITHHELD-LPLEE(TX) 8,664.40 SOC SEC WITHHELD-LPL (EE) 2,273.28 FIT WITHHELD-EE (TX) 168,277.22 FIT WITHHELD-LPL EE(TX) 18,716.00 SIT WITHHELD-EE (HH-CO) 448.00 Total Employer Taxes/Bus: 282,329.87 Accrued FICA Tax/Business: MEDIC PAYABLE-ER (TX) 66,799.29 SOC SEC PAYABLE-ER (TX) 1 7,151.68 MEDIC PAYABLE-LPL ER(TX') 8,664.40 SOC SEC PAYABLE-LPL ER(„ 2,273.28 Total Accrued FICA Tax/Business: 94,888.65 TOTAL BUSINESS LIABILITIES 377,218.52 TOTAL LIABILITIES 69,700,624.55 NET WORTH September 18, 2001 Page 9 LAY-G32 1780 BF002-00852 ============= Page 15 of 15 ============= Kenneth L. S. Linda P. Lay BALANCE SHEET ANALYSIS As of: August 31, 2001 TOTAL NET WORTH TOTAL LIABILITIES AND NET WORTH Page 10 Balance 131,166,874.54 200,867,499.09 September 18, 2001 LAY-G32 1781 _BF002-00853