DRAFT announcement

I'm not one for announcements, but the word appears to be out to varying
degrees, so here is my first cut at clarifying the situation. Prmary
distribution would be Enron Europe, but your thoughts on content and
distribution would be welcome.

Thanks

Fernley

"Many of you will be aware of some recent and forthcoming appointments within
commercial support in Enron Europe. Enron's rapid growth and the ability of
our people to use their skills in different roles make this a dynamic
process, but I have taken this opportunity to summarise changes at a senior
level in our tax, accounting and transaction support groups.

Peter Hutton has joined us as Vice President, Head of US Tax, reporting to
Rod Sayers. Peter was previously a partner in Arthur Anderson and will be
transitioning in to his new role over the next few months.
Jim Sandt will be taking up a senior role with the Tax Department in Houston
early in the new year.

Melissa Allen is to join us shortly as Vice President, Head of Financial
Operations and Transaction Support, reporting to me. Melissa needs no
introduction to many of you, as she has worked with Enron Europe as a senior
manager in Arthur Anderson for the past 18 months.
Beth Apollo will be returning to Houston in the early part of next year to
take up a senior role in Enron North America's Energy Operations group.
Phillip Lord is transitioning in to his new Houston - based role as Chief
Accounting Officer for Enron Broadband Services.

Buddy Aiken and Stephen Wood will be taking on the lead roles in Transaction
Support and Financial Operations respectively, reporting to Melissa Allen.

I am sure you will join me in welcoming Peter and Melissa to Enron, in
congratulating Jim, Beth, Phillip, Buddy and Stephen, and wishing them all
well in their new roles"