============= Page 1 of 6 ============= May 4, 1995 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS r As of: March 31, 1995 --- PERCENT OF --- TOTAL WORK ING ASSETS ---------- BALANCE ----------- ASSETS ASS --------- ---- ETS ---- CURRENT ASSETS Cash on Hand: CASH ON HAND/BJONES $ 35 .0% .0% CASH ON HAND/PSTOKES 207 .0% .0% CASH ON HAND/FCROWLEY 8 .0% .0% CASH ON HAND/SK 127 .0% .0% Checking Accounts: NATIONSBANK 0707 68,399 .1% .1% NATIONSBANK/CROWLEY -572 .0% .0% NATIONSBANK/LPL PROPERTIES 1,711 .0% .0% NATIONSBANK/STOKES 4,357 .0% .0% PITKIN Co. 505-684 3,066 .0% .0% UNITY 109-900 1,037 .0% .0% Brokerage Accounts: SANDERS MORRIS MMA/SMM-KLL 25 .0% .0% Savings Accounts: ENRON CREDIT UNION 139 .0% .0% Treasury BiLLs: SAVINGS BONDS 2,400 .0% .0% Escrow Account: ESCROW ACCT-MACON BLDG/MO 1,221 --------------- .0% - .0% TOTAL CURRENT ASSETS S 82,160 .1% .1% MARKETABLE INVESTMENTS Common Stocks: BHI-DRP $ 4,947 .0% .0% BELLWETHER 5000SH/SMM-JT 28,750 .0% .0% ELI LILLY-DRP 4,515 .0% .0% ENRON CORP. 1,040 SHS 34,320 .1% .1% ENRON CORP. 9,440(2) SHS 311,520 .5% .5% ENRON CORP. 128,935 SHS 4,254,855 6.6% 6.8% HUNTINGDON HOMEOWNERS CORP 500,000 .8% .8% INVESTOR FINL GROUP/SMM-JT 20,000 .0% .0% JALATE LTD 5000SH/SMM-JT 35,000 .1% .1% NATL SERV-ICE 2633 SH 100,000 .2% .2% OLD BALDY CLUB 250 SHS 28,360 .0% .0% ST ARNOLD BREW 75000 SHS 75,000 .1% .1% TELESCAN 15000SH/SMM-JT 73,125 .1% .1% TELESCAN 10000SH/SMM-KLL 48,750 .1% .1% Page 1 LBF002-00940 9. GOVERNMENT EXHIBIT 238 Crim. No. H-04-25 (S-2) ============= Page 2 of 6 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: March 31, 1995 May 4, 1995 --- PERCENT OF --- TOTAL WORKING ASSETS ---------- BALANCE ----------- ASSETS ------ ASSETS US HOMECARE 1500SH/SMM-JT 52,500 --- - .1% ------- .1% USA WASTE 7214SH/SMM-KLL 38,568 .1% .1% Preferred Stocks: NATL SERV-ICE 1254 SH 38,867 .1% .1% Corporate Bond-Convertibl: INTERSPORT LTD CONV/SMM-JT 50,000 .1% .1% FIRST CASH INC CONV/SMM-JT 50,000 .1% .1% Partnerships-other: KLL & LPL INVESTMENT PTRNS 24,991,551 38.97 39.9% KLL & LPL FAMILY PTRNS 2,433,321 ------------ -- 3.8% 3 .9% TOTAL MARKETABLE INVESTMENTS -- $ 33,173,949 51.6% 53 .0% LONG-TERM INVESTMENTS Residence: REAL ESTATE/INW00D $ 3,518,100 5.5% 5.6% Real Estate Other Homes: REAL ESTATE/ASPEN 2,618,676 4.1% 4 .2% REAL ESTATE/B-3441 432,900 .7'/. .7% PIRATES' COVE LOTS 286,000 .4% .5% REAL ESTATE/B-3429 381,000 .6% .6% REAL ESTATE/HUNTINGDON 1,798,000 2.8% 2.9% Real Estate Active Rental: REAL ESTATE/1741SR 147,309 .2% .2% REAL ESTATE/1852MAR 101,386 .2% .2% REAL ESTATE/1856MAR 165,000 .3% .3% REAL ESTATE/1918SR 237,328 .4% .4% REAL ESTATE/HULDY 118,000 .27. .2% REAL ESTATE/KINGS 188,000 .3% .3% REAL ESTATE/MO 259,000 .4% .4% REAL ESTATE/VIKING 60,000 .1% .1% REAL ESTATE/WILLERS WAY 260,000 .4% .4% Partnerships: TEXAS FARM VENTURES 60,000 .1% .1% Farming Interests: 11ACRES ILLINOIS 4,500 .0% .0% Page 2 10. -BF002-00941 ============= Page 3 of 6 ============= May 4, 1995 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: March 31, 1995 PERCENT OF --- TOTAL WORKING ASSETS BALANCE ----------- ASSETS --------- - ASSETS ------- ---------- Long-term Receivables: MARK K. LAY 8,936 .0% .0% Executive Stock Options: CPO ESO 5-90 12000 SHS 168,540 .3% .3% ENE ESO 8-89 463000 SHS 9,491,500 14.8% 15.2% ENE ESO 2-91 31200 SHS 600,600 .9% 1 .0% ENE ESO 2-92 112500 SHS 1,968,750 3.1% 3.1% ENE ESO 2-93 80000 SHS 464,800 .7% .7% ENE ESO 2-93 160000 SHS 931,200 1.4% 1.5% ENE ESO 12-93 48000 SHS 228,000 .4% .4% ENE ESO 1-95 55385 SHS 193,848 .3% .3% Other Investment-Passive: RINCON ASSOC. 360,000 ---------------- .6% .6% TOTAL LONG-TERM INVESTMENTS $ 25,051,373 39.0% 40.0% RETIREMENT/DEFERRED ASSETS IRA: FIDELITY MAGELLAN/KLL 22,879 .07. .0% IRA/Spouse: FIDELITY MAGELLAN/LPL 22,908 .0% .0% Keogh Account: SCUDDER GRWTH & INC/KLL 147,250 .2% .2% SCUDDER INCOME/KLL 17,736 .0% .0% SCUDDER ST BOND/KLL 19,696 .0% .0% 401(k) Plan: ENE SAVINGS 401(K)/KLL 370,786 .6% .67. FID GROWTH CO 401(K)/KLL 1,847 .0% .0% FID OTC 401(K)/KLL 1,996 .07. .0% FID OVERSEAS 401(K)/KLL 2,160 .0% .0% FID MAGELLAN 401(K)/KLL 4,938 .0% .0% Retirement Plan: ENRON ESOP-RETIREMENT 1,115,872 1.7% 1.8% Deferred Compensat'n Plan: ENRON DEFERRED COMP 2,524,946 3.9% 4.0% ELI LILLY 300 SHS 21,938 .0% .0% ELI LILLY 400 SHS 29,250 --------------- .0% - .0% TOTAL RETIREMENT/DEFERRED ASSETS $ 4,304,202 6.7% 6.9% Page 3 11. LBF002-00942 ============= Page 4 of 6 ============= Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: March 31, 1995 ASSETS TOTAL WORKING ASSETS PERSONAL/NON-EARNING ASSET Automobile(s): 88 MERCEDES 300E 90 JEEP WRANGLER 90 NISSAN WAGON 90 RANGE ROVER 93 MERCEDES 600SL 94 FORD MUSTANG 90 SUBURBAN Home Furnishings: HOME FURNISHINGS HOME FURNISHINGS/ASPEN HOME FURNISHINGS/B-3441 HOME FURNISHINGS/8-3429 Other Vehicles & Equip: BW 15' RAGE BOAT BW 21' OUTRAGE BOAT CORRECTCRAFT BOAT DUFFY 18' ELECTRIC BOAT LYNN SAILBOAT SPIRIT CANOE WATERWHEELER MK III TOTAL PERSONAL/NON-EARNING ASSET TOTAL ASSETS LIABILITIES --------------- CURRENT LIABILITIES Credit Cards: NEIMAN MARCUS SAKS FIFTH AVENUE Notes Payable: CHARTER BANK $7.5 MIL LOC ENRON CORP. PERSONAL LOAN NATIONSBANK $8 MIL PURPOSE NATIONSBANK $15.5M NON FUR Page 4 May 4, 1995 --- PERCENT OF --- TOTAL WORKING BALANCE ASSETS ASSETS ---------- --------- -------- ---------------- $ 62,611,682 97.4% 100.0% $ 20,875 .0% 9,375 .0% 8,575 .0% 26,975 .0% 103,000 .2% 27,916 .0% 15,500 .0% 1,053,738 1.6% 141,000 .2% 152,500 .2% 11,000 .0% 14,931 .0% 49,327 .1% 17,085 .0% 14,131 .0% 1,400 .0% 406 .0% 722 .0% $ 1,668,456 2.6% $ 64,280,139 100.0% $ 108 .07. .0% -224 .0% .0% 3,098,500 4.8% 4.9% 2,193,000 3.4% 3.5% 4,509,341 7.0% 7.2% 11,259,354 17.5% 18.0% 12. LBF002-00943 ============= Page 5 of 6 ============= May 4, 1995 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: March 31, 1995 LIABILITIES --------------- TCB/HOUSTON Income Taxes Payable: INC TAX PAYABLE 93 DEFER Security Deposits: SEC DEPOSIT/Z-1918SR SEC DEPOSIT/Z-1852MAR SEC DEPOSIT/Z-1856MAR Other Current Liabilities: KLL & LPL INVEST PTRN NOTE TOTAL CURRENT LIABILITIES LONG-TERM LIABILITIES Home Mortgage: HOME MORTGAGE/BANK ONE HOME MORTGAGE/TCB Other Real Estate Mtge: ASPEN/BOSTON SAFE&DEPOSIT BAYHOUSE/PRUDENTIAL PIRATES COVE LOTS/NATIONS HUNTINGDON NOTE/NATIONS Investment Liabilities: DARBY SUITER/1918SR E. DICKSON/1918SR LEVINSON/1856MAR MACON BLDG. & LOAN/MO PRIEST/HULDY ROSENAU/1852MAR TCB/1741SR CHARTER BANK/B-3429 COMPASS BANK MORTG/WW Deferred Tax Liabilities: DEFERRED TAX LIABILITIES TOTAL LONG-TERM LIABILITIES Page 5 13. --- PERCENT OF --- TOTAL WORKING BALANCE ASSETS ASSETS ----------- --------- -------- 250,000 .4% .4% 400,104 .6% .6% 125 .0% .0% 1,100 .0% .0% 800 .0% .0% 42,926 .1% .1% ---------------- $ 21,755,134 33.8% 34.7% $ 2,340,364 3.6% 3.7% 43,750 .1% . 1 % 1,320,000 2.1% 2.1% 274,268 .4% .4% 150,000 .2% .2% 1,650,000 2.6% 2.6% 135,951. .2% .2% 26,845 .0% .0% 144,027 .2% .2% 124,611 .2% .2% 92,682 .1% _1% 72,933 .1% .1% 93,802 .1% .1% 268,162 .4% .4% 208,000 .3% .3% 4,668,116 ---------------- 7.3% 7.5% $ 11,613,511 18.1% 18.5% BF002-00944 ============= Page 6 of 6 ============= May 4, 1995 Kenneth L. & Linda P. Lay BALANCE SHEET ANALYSIS As of: March 31, 1995 LIABILITIES --------------- BUSINESS LIABILITIES Employer Taxes/Bus: FICA WITHHELD-EMPLOYEES FIT WITHHELD-EMPLOYEES Accrued FICA Tax/Business: FICA PAYABLE/BUS TOTAL BUSINESS LIABILITIES TOTAL LIABILITIES NET WORTH ------------- TOTAL NET WORTH TOTAL LIABILITIES AND NET WORTH Page 6 14. --- PERCENT OF --- TOTAL WORKING BALANCE ASSETS ASSETS ----------- --------- -------- $ 2,978 .0% .0% 4,739 .0% .0% 2,978 .0% _0% ---------------- $ 10,695 .0% .0% ---------------- $ 33,379,341 51.9% 53.3% 30,900,798 48.1% 49.4% ---------------- 64,280,139 100.0% ---------------- ---------------- LBF002-00945