Cliff Baxter

It is with sadness and regret that we announce that Cliff Baxter is resigni=
ng=20
as an employee of Enron. We are happy, though, that Cliff=01,s primary rea=
son=20
for resigning is to spend more time with his family.

Cliff is a unique talent. His creativity, intelligence, sense of humor, an=
d=20
straightforward manner have been assets to the company throughout his=20
career. He will be missed.

Cliff joined Enron in 1991 and was a key member of the team that built Enro=
n=01,
s wholesale business. Before becoming Vice Chairman of Enron, Cliff served=
=20
in a variety of positions in Enron=01,s wholesale businesses, culminating i=
n his=20
appointment as Chairman and Chief Executive Officer of Enron North America =
in=20
1999.

We have asked Cliff, and he has agreed, to continue in a consulting role fo=
r=20
the company while concluding negotiations on a number of key asset=20
dispositions.

Please join us in thanking Cliff for his service to the company and in=20
wishing him the very best.