Deferral Enrollment 2001

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Good news! Deferral program enrollment begins TODAY! Enron's Bonus Stock=
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Option and Bonus Phantom Stock Programs provide you with an opportunity to=
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receive stock options and phantom stock in lieu of all or a portion of the=
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cash bonus you may receive during 2001. To make enrollment even more=20
convenient for you, this year's deferral program information is available o=
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eHRonline. =20

To learn more about your deferral program opportunities and to enroll for=
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2001 deferrals, access eHRonline at http://ehronline.enron.com. (Call the=
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ISC Help Desk at 713-345-4727 if you need your ID or password to access the=
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system.)

1. Review the program descriptions (attached to the Election Form) before y=
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make your elections.
2. If you decide to defer compensation, complete the Election Form before=
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Friday, December 8, 2000 (the enrollment deadline).
3. Print your 2001 Election Form and Confirmation Statement right from the=
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web site and you=01,re finished!=20

Sound easy? It is!

DEFERRAL ENROLLMENT 2001--ADDED VALUE FOR YOUR FUTURE