=============

Page 1 of 7

=============



			October 15,	1997

Kenneth	L. & Linda P.	Lay		

BALANCE SHEET ANALYS	IS		

As of:	September 30,	1997		

		--	- PERCENT OF	---

			TOTAL WORK	ING

ASSETS

----------		BALANCE

----------- --	ASSETS ASSETS

------- --------

CURRENT ASSETS				

Cash on Hand:				

CASH ON HAND/HHERROLD	$	200	.0%	.0%

CASH ON HAND/BJONES		11	.0%	.0%

CASH ON HAND/SK		95	.0%	.0%

CASH ON HAND/PSTOKES		757	.0%	.0%

CASH ON HAND/JWALLS		-7	.0%	.0%

CASH ON HAND/MSTURGIS	

----	215

------------	.0%	.0%

Total Cash on Hand:	$	1,271	.0%	.0%

Checking Accounts:				

NATIONSBANK 0707	$	205,638	.2%	.2%

NATIONSBANK/CONTRIBUTIONS		-3,507	.0%	.0%

NATIONSBANK/LPL PROPERTIES		23,357	.0%	.0%

NATIONSBANK-MO HH 6498		-94	.0%	.0%

NATIONSBANK/STOKES		5,271	.0%	.0%

PITKIN CO. 505-684		1,767	.0%	.0%

UNITY 109-900	

---	2,086

-------------	.0%	.0%

Total checking Accounts:	$	234,518	.2%	.2%

Brokerage Accounts:				

SANDERS MORRIS MMA/SMM-JT	$	-3	.0%	.0%

SANDERS MORRIS MMA/SMM-KLL	

---	21

-------------	.0%	.0%

Total Brokerage Accounts:	$	18	.0%	.0%

Savings Accounts:				

ENRON CREDIT UNION	$

---	139

-------------	.0%	.0%

Total Savings Accounts:	$	139	.0%	.0%

Treasury Bills:				

SAVINGS BONDS	$

---	2,400

-------------	.0%	.0%

Total Treasury Bills:	$	2,400	.0%	.0%

Escrow Account:				

ESCROW ACCT-MACON BLDG/MO	$

-	3,692

-

-

---------	.0%	.0%

Total Escrow Account:	-

-

$	-

-

3,692	.0%	.0%

Short-term Receivables:				

ACCT RECV-KS BLACK	$	21,000	.0%	.0%

ACCT RECV-TDH		5,007	.0%	.0%

ACCT RECV-TDH (AVALON)		147,5	.1%	.1%

ACCT RECV-MKL		37,000	.0%	.0%

ACCT RECV-BRUIN		5,096	.0%	.0%

ACCT RECV-BRUIN #2		733,919	.6%	.6%

ACCT RECV/RRH		40,80	.0%	.0%

ACCT RECV-BJONES		130,69 .1%	.1%

ACCT RECV-JWALLS		14,096	.0%	.0%

Total Short-term Receivables:	$	1,135,141	.9%	.9%

Notes Receivable:				

FAM PTRNS ANNUITY-2/KLL	$	730,081	.6%	.6%

FAM PTRNS ANNUITY-2/LPL		728,707	.6%	.6%



Total Notes Receivable:	---

$	-------------

1,458,788	

1.2%	

1.2%



TOTAL CURRENT ASSETS	---

$	-------------

2,835,967	

2.4%	

2.4%



Page 1



3F002-00925



LAY-G22 2025



GOVERNMENT

EXHIBIT

  235

  Crim. No. H-04-25 (Sat





=============

Page 2 of 7

=============



		October 15,	1997

Kenneth L. & Linda P.	;		

BALANCE SHEET ANALYSIS		

As of: September 30,	1997		

	-	-- PERCENT OF	---

		TOTAL WORK	ING

ASSETS

----------	BALANCE

----------- -	ASSETS ASS

-------- ---	ETS



MARKETABLE INVESTMENTS		-	----

Common Stocks:			

AMER EQ LIFE HLDG/SMM-JT $	150,000	.1%	.1%

COMFORT SYS 3000SH/SMM-JT	57,561	.0%	.0%

COMPAQ 30,000SHS	2,242,500	1.9%	1.9%

ELI LILLY 5,000 SHS/CBR	605,000	.5%	.5%

ELI LILLY-DRP	19,555	.0%	.0%

ENRON CORP 790SH/NB	30,415	.0%	.0%

ENRON CORP 7,690SH/CBR	296,065	.2%	.2%

ENRON CORP 9,440SH/NB	363,440	.3%	.3%

ENRON CORP 9,440SH/CBR	363,440	.3%	.3%

ENRON CORP 71,385 SH/NB	2,748,323	2.3%	2.3%

ENRON CORP 1,859SH/NB	71,572	.1%	.1%

ENRON CORP 19,920SH/NB	766,920	.6%	.6%

ENRON CORP 23,874SH/NB	919,149	.8%	.8%

ENRON CORP 22,035SH/NB	848,348	.7%	.7%

ENRON CORP 22,052SH/CBR	849,002	.7%	.7%

ENRON CORP 1,751SH/CBR	67,414	.1%	.1%

ENRON CORP 4,521SH/CBR	174,059	.1%	.1%

ENRON CORP 7,792SH/CBR	299,992	.2%	.3%

ENRON CORP 50,000SH/NB	1,925,000	1.6%	1.6%

ENRON SAVINGS 401(K)	1,850,996	1.5%	1.5%

ENRON ESOP	4,391	.0%	.0%

ENRON O&G 20,000SHS/CBR	445,000	.4%	.4%

ENVIR OPP 500,000SH/SMM-JT	275,000	.2%	.2%

FRENCH FRAG 15000SH/SMM-JT	59,060	.0%	.0%

HUNTINGDON HOMEOWNERS CORP	500,000	.4%	.4%

INVEST FINL GROUP/SMM-JT	26,666	.0%	.0%

JALATE LTD 5000SH/SMM-JT	9,685	.0%	.0%

METALS USA 3000SH/SMM-JT	45,000	.0%	.0%

OLD BALDY CLUB 250 SHS	28,360	.0%	.0%

ST ARNOLD BREW 75000 SHS	75,000	.1%	.1%

TRANSAM WST 1000005/SMM-JT	143,700	.1%	.1%

US HOMECARE 1500SH/SMM-JT	52,500	.0%	.0%

US HOMECARE 594 SH/SMM-JT	891	.0%	.0%

US HOMECARE 334 SH/SMM-JT	501	.0%	.0%

US HOMECARE 354 SH/SMM-JT	531	.0%	.0%

US HOMECARE 398SH/SMM-JT	597	.0%	.0%

US HOMECARE 1088SH/SMM-JT	1,632	.0%	.0%

US HOMECARE 945SH/SMM-JT	1,418	.0%	.0%

US HOMECARE 634SH/SMM-JT	951	.0%	.0%

US LIQUIDS 2500SH/SMM-JT	42,500	.0%	.0%

---

Total Common Stocks: $	-------------

16,362,134	

13.6%	

13.7%

Vested Exec Stock Options:			

ENE ESO 8-89 50000 SHS $	1,300,000	1.1%	1.1%

ENE ESO 2-91 62400 SHS	1,544,400	1.3%	1.3%

ENE ESO 2-92 187500 SHS	4,312,500	3.6%	3.6%

ENE ESO 2-93 200000 SHS	2,262,000	1.9%	1.9%

ENE ESO 2-93 400000 SHS	4,528,000	3.8%	3.8%

ENE ESO 12-93 48000 SHS	492,000	.4%	.4%

ENE ESO 2-94 67200 SHS	336,000	.3%	.3%

ENE ESO 2-94 1136000 SHS	5,112,000	4.2%	4.3%

ENE ESO 12-94 54,618 SHS	433,344	.4%	.4%

ENE ESO 12-94 25,401 SHS	203,208	.2%	.2%

ENE ESO 1-95 55385 SHS	498,465	.4%	.4%

ENE ESO 12-95 40628 SHS	15,032	.0%	.0%

ENE ESO 1-96 73850 SHS	129,238	.1%	.1%

---

Total Vested Exec Stock Options: $	-------------

21,166,187	

17.6%	

17.7%



  LAY-G22 2026

Page 2



.BF002-00926





=============

Page 3 of 7

=============



Kenneth L. & Linda P. 1

BALANCE SHEET ANALYSIS

As of: September 30, 1997



  ASSETS

Corporate Bond-Convertibl:

  INTERSPORT LTD CONV/SMM-JT

INTERSPORT LTD LTD/SMM-JT

INTERSPORT SER B /SMM-JT

Total Corporate Bond-Convertibl:



  Mutual Funds:

  FID GROWTH CO 401(K)/KLL

FID OTC 401(K)/KLL

  FID OVERSEAS 401(K)/KLL

FID MAGELLAN 401(K)/KLL

TCW MID CAP GRWTH/NB

  TCW ASIA PACIFIC EQUITY/NB

Total Mutual Funds:

Partnerships-other:

KLL & LPL INVESTMENT PTRNS

  KLL & LPL FAMILY PTRNS

Total Partnerships-other:

TOTAL MARKETABLE INVESTMENTS

LONG-TERM INVESTMENTS

Residence:

  REAL ESTATE/HUNTINGDON

REAL ESTATE/LOOSCAN

Total Residence:



  Real Estate Other Homes:

REAL ESTATE/ASPEN

REAL ESTATE/B-3431

PIRATES' COVE LOTS

REAL ESTATE/B-3429

REAL ESTATE/REBA

  REAL ESTATE/DC



  Total Real Estate Other Homes:

Real Estate Active Rental:

REAL ESTATE/1741SR

  REAL ESTATE/1852MAR

REAL ESTATE/1856MAR

REAL ESTATE/1918SR

REAL ESTATE/KINGS

REAL ESTATE/MO

REAL ESTATE/VIKING



  Total Real Estate Active Rental:

Real Estate Passive:

  COLORADO OASIS LTD.

SEAWALL APARTMENTS, LTD.

TEXAS FARM VENTURES



  Total Real Estate Passive:

Farming Interests:

11ACRES ILLINOIS



  Total Farming Interests:



October 15, 1997



	-	-- PERCENT	OF ---

		TOTAL WORKING

	BALANCE

----------- -	ASSETS

-------- -	ASSETS

-------

$	52,250	.0%	.0%

	52,250	.0%	.0%



----	30,041

------------	.0%	.0%

$	134,541	.1%	.1%

$	7,285	.0%	.0%

	4,834	.0%	.0%

	10,847	.0%	.0%

	23,879	.0%	.0%

	317,923	.3%	.3%



-	267,020

-

-

-

--

-	.2%	.2%

--

$	-

--

-

--

-

631,788	

.5%	

.5%

$	53,089,838	44.1%	44.4%

	5,083,807

-	4.2%	4.3%

---

$	-----

-------

58,173,645	

48.4%	

48.7%

$	96,468,295	80.2%	80.7%

$	3,873,839	3.2%	3.2%

	1,281,585

--

-

-

-	1.1%	1.1%

---

$	-

----

--

-

5,155,424	4.3%	4.3%

$	2,616,676	2.2%	2.2%

	432,900	.4%	.4%

	286,000	.2%	.2%

	688,784	.6%	.6%

	450,000	.4%	.4%

	163,806	.1%	.1%

---

$	-------------

4,640,166	

3.9%	

3.9%

$	147,309	.1%	.1%

	101f386	.1%	.1%

	165,000	.1%	.1%

	237,328	.2%	.2%

	188,000	.2%	.2%

	422,933	.4%	.4%



---	60,000

-------------	.0%	.1%

$	1,321,956	1.1%	1.1%

$	375,000	.3%	.3%

	200,000	.2%	.2%



---	60,000

----

----

---	.0%	.1%

$	-

-

635,000	.5%	.5%

$

---	4,500

------	.0%	.0%



$	-------

4,500	

.0%	

.0%



Page 3



LRY-G22 2027



BF002-00927





=============

Page 4 of 7

=============



Kenneth L. & Linda P. 1 _

BALANCE SHEET ANALYSIS

As of: September 30, 1997



ASSETS

Other Investment-Passive:

  BRUIN INTERESTS, L.P.

CAPRICORN INVESTORS II LP

COASTLINE BOTTOM CABLE

USA CAFE LLC/SMM-JT

  TCW GLOBAL VALUE LP

  Total Other Investment-Passive:

TOTAL LONG-TERM INVESTMENTS

RETIREMENT/DEFERRED ASSETS

  IRA:

FIDELITY MAGELLAN/KLL

Total IRA:



  IRA/Spouse:

FIDELITY MAGELLAN/LPL

Total IRA/Spouse:

Keogh Account:

  SCUDDER GRWTH & INC/KLL

SCUDDER INCOME/KLL

SCUDDER ST BOND/KLL

  Total Keogh Account:

Retirement Plan:

ENRON-RETIREMENT

  Total Retirement Plan:

Deferred Compensat'n Plan:

ENRON DEFERRED COMP-85

ENRON DEFERRED COMP-94

ELI LILLY DEFERRED COMP

ELI LILLY 300 SHS

  ELI LILLY 400 SHS

ELI LILLY 700 SRS

ELI LILLY 800 SHS

ELI LILLY 1,890 SHS

ELI LILLY 265 SHS

ELI LILLY 49 SHS 1-96

ELI LILLY 67 SHS 2-96

ELI LILLY 42 SHS 3-96

ELI LILLY 67SH 4-96

ELI LILLY 42 SH 5-96

ELI LILLY 65SHS 6-96

ELI LILLY 68 SHE 7-96

ELI LILLY 43 SHS 8-96

ELI LILLY 91 SHS 9-96

ELI LILLY 59SHS 10-96

ELI LILLY 34SH 11-96

ELI LILLY 55SH 12-96

  ELI LILLY ANN DIV-SH CRED

Total Deferred Compensat'n Plan:

TOTAL RETIREMENT/DEFERRED ASSETS

TOTAL WORKING ASSETS



October 15, 1997



	-	-- PERCENT	OF ---

		TOTAL WORKING

	BALANCE

----------- -	ASSETS

-------- -	ASSETS

-------

$	206,906	.2%	.2%

	278,565	.2%	.2%

	300,000	.2%	.3%

	25,000	.0%	.0%



----	631,417

------------	.5%	.5%

$

----	1,441,888

-- ---------	1.2%	1.2%

$	13,198,934	11.0%	11.0%

$

--	40,793

--

---

-

--	.0%	.0%

-

$	-

-

--

-

40,793	

.0%	

.0%

$

-	40,844

-

-

-

-	.0%	.0%

-

-

$	-

--

--

--

--

40,844	

.0%	

.0%

$	249,972	.2%	.2%

	20,786	.0%	.0%

	22,581	.0%	.0%

---

$	-------------

293,339	

.2%	

.2%

$

---	2,735,515

-------------	2.3%	2.3%

$	2,735,515	2.3%	2.3%

$	2,980,393	2.5%	2.5%

	157,316	.1%	.1%

	97,846	.1%	.1%

	36,300	.0%	.0%

	48,400	.0%	.0%

	84,700	.1%	.1%

	96,800	.1%	.1%

	228,690	.2%	.2%

	32,065	.0%	.0%

	5,929	.0%	.0%

	8,107	.0%	.0%

	5,082	.0%	.0%

	8,107	.0%	.0%

	5,082	.0%	.0%

	7,865	.0%	.0%

	8,228	.0%	.0%

	5,203	.0%	.0%

	11,011	.0%	.0%

	7,139	.0%	.0%

	4,114	.0%	.0%

	6,655	.0%	.0%



---	77,522

---

--

--	.1%	.1%



$	-

----

-

3,922,554

--

-	

3.3%	

3.3%

---

$

-	--------

-

-

7,033,045

-----

---

-	

5.8%	

5.9%

--

$	-

--

-

119,536,237	99.4%	100.0%



LAY-G22 2028



Page 4



BF002-00928





=============

Page 5 of 7

=============



October 15, 1997



Kenneth	L. & Linda P.	1 ,		

BALANCE SHEET ANALYS	IS		

As of:	September 30,	1997		

		-	-- PERCENT	OF ---

			TOTAL WORKING

ASSETS

-		BALANCE

----------- -	ASSETS

-------	ASSETS

---------

PERSONAL/NON-EARNING ASSET			- -	-------

Automobile(s):				

88 MERCEDES 300E	$	10,000	.0%	

90 JEEP WRANGLER		6,825	.0%	

90 4-RUNNER		10,150	.0%	

90 RANGE ROVER		13,600	.0%	

93 MERCEDES 600SL		67,200	.1%	

94 FORD MUSTANG		18,675	.0%	

90 SUBURBAN		8,600	.0%	

96 RANGE ROVER	

----	43,525

------------	.0%	

Total Automobile(s):	$	178,575	.1%	

Home Furnishings:				

HOME FURNISHINGS/HUNT	$	53,276	.0%	

HOME FURNISHINGS/LOOSCAN		35,666	.0%	

HOME FURNISHINGS/ASPEN		141,000	.1%	

HOME FURNISHINGS/B-3431		152,500	.1%	

HOME FURNISHINGS/B-3429	

----	71,553

------------	.1%	

Total Home Furnishings:	$	453,995	.4%	

Other Vehicles & Equip:				

BW 15' RAGE BOAT	$	14,931	.0%	

BW 21' OUTRAGE BOAT		49,327	.0%	

DUFFY 18' ELECTRIC BOAT		14,131	.0%	

LYNN SAILBOAT		1,400	.0%	

SPIRIT CANOE		406	.0%	

WATERWHEELER MK III		722	.0%	

SUPER SPORT BOAT 1997	

-

-	33,503

-------------	.0%	

Total other Vehicles & Equip:	-

$	114,420	.1%	

TOTAL PERSONAL/NON-EARNING ASSET	$	746,990	.6%	

TOTAL ASSETS	$	120,283,229	100.0%	

LIABILITIES

-----------

-				

-

CURRENT LIABILITIES

-				

Credit Cards:				

AMER. EXPRESS/RL	$	-1,071	.0%	.0%

NEIMAN MARCUS 1314	

-	-356

-

-

---

-----	.0%	.0%

Total Credit Cards:	-

-

$	-

-

-

-1,427	.0%	.0%

Notes Payable:				

COMPASS BANK LOC	$	7,124,951	5.9%	6.0%

COMPASS BANK/UNSECURED		200,000	.2%	.2%

ENRON CORP. LOAN		1,350,000	1.1%	1.1%

NATIONSBANK UNSECURED		550,000	.5%	.5%

NATIONSBANK $30M NON PUR		29,920,000	24.9%	25.0%



Total Notes Payable:	---

$	-------------

39,144,951	

32.5%	

32.7%

Security Deposits:				

SEC DEPOSIT/Z-191BSR	$	1,550	.0%	.0%

SEC DEPOSIT/Z-1856MAR		125	.0%	.0%

SEC DEPOSIT/Z-MCDUF		150	.0%	.0%



Total Security Deposits:	---

$	-------------

1,825	

.0%	

.0%



Page 5



LAY-G22 2029



3F002-00929





=============

Page 6 of 7

=============



Kenneth L. & Linda P. 1

BALANCE SHEET ANALYSIS

As of: September 30, 1997



LIABILITIES

---------------

  Other Current Liabilities:

KLL & LPL INVEST PTRN NOTE

Total Other Current Liabilities:



TOTAL CURRENT LIABILITIES

LONG-TERM LIABILITIES

Home Mortgage:

  NATIONS BANK/LOOSCAN

NATIONS BANK/HUNTINGDON

Total Home Mortgage:

Other Real Estate Mtge:

  NATIONS BANK/ASPEN

PRUDENTIAL MORTGAGE/B-3431

NATIONS BANK/LOTS

  MACON BLDG. & LOAN/MO

NATIONSBANK/B-3429

NATIONSBANK/REBA



  Total Other Real Estate Mtge:

Investment Liabilities:

DARBY SUITER/1918SR

  E. DICKSON/1918SR

LEVINSON/1856MAR

ROSENAU/1852MAR

Total Investment Liabilities:



  Deferred Tax Liabilities:

DEFERRED TAX LIABILITIES

Total Deferred Tax Liabilities:



TOTAL LONG-TERM LIABILITIES

BUSINESS LIABILITIES

Employer Taxes/Bus:

  FICA WITHHELD-EE (TX)

FICA WITHHELD-EE (MO)

FIT WITHHELD-EE (TX)

FIT WITHHELD-EE (MO)

SIT WITHHELD-EE (MO)

SIT WITHHELD-EE (HH-CO)



Total Employer Taxes/Bus:

Accrued FICA Tax/Business:

FICA PAYABLE-ER (TX)

FICA PAYABLE-ER (MO)



  Total Accrued FICA Tax/Business:

TOTAL BUSINESS LIABILITIES



TOTAL LIABILITIES



October 15, 1997



	-	-- PERCENT	OF ---

		TOTAL WORKING

	BALANCE

----------- -	ASSETS

-------- -	ASSETS

-------

$

---	35,000

-------------	.0%	.0%

$	35,000	.0%	.0%

$	39,180,349	32.6%	32.8%

$	641,955	. S%	.5%

	3,170,410

-	2.6%	2.7%

---

$	------------

3,812,365	

3.2%	

3.2%

$	1,576,632	1.3%	1.3%

	249,795	.2%	.2%

	135,000	.1%	.1%

	115,438	.1%	.1%

	259,797	.2%	.2%



-

-	334,672

-

-

-

-

-	. 3%	.3%

-

$	-

--

--

--

-

2,671,334	

2.2%	

2.2%

$	124,401	. 1%	.1%

	14,642	.0%	.0%

	142,197	. 1%	.1%

	70,894

-

-

-	. 1%	.1%

---

$	-----

--

--

-

352,134	

.3%	

.3%

$

---	10,178,725

-------------	8.5%	8.5%

$	10,178,725	8.5%	8.5%

$	17,014,558	14_1%	14.2%

$	23,124	.0%	.0%

	445	.0%	.0%

	38,494	_0%	.0%

	548	.0%	.0%

	188	.0%	.0%

	90	.0%	.0%

$-	- - -62,889	.1%	.1%

$	23,124	.0%	.0%

	445	.0%	.0%

--

$	--------------

23,569	

.0%	

.0%

$	86,458	.1%	.1%

$	56,281,363	46.8%	47.1%



Page 6



LAY-G22 2030



BF002-00930





=============

Page 7 of 7

=============



Kenneth L. & Linda P. I

BALANCE SHEET ANALYSIS

As of: September 30, 1997



NET WORTH

-------------

TOTAL NET WORTH



TOTAL LIABILITIES AND NET WORTH



BALANCE

64,001,866

---------------

$ 120,283,229



October 15, 1997



--- PERCENT OF ---

TOTAL WORKING

  ASSETS ASSETS

--------- --------

53.2% 53.5%



100.0%



LAY-G22 2031



Page 7



BF002-00931