Distribution of Annual Bonus Payments

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 01/21/2000
02:24 PM ---------------------------

Enron North America Corp.

From: Enron Payroll @ ENRON 01/13/2000 07:13 PM

Sent by: Enron Announcements@ENRON
To: Enron Employees
cc:
Subject: Distribution of Annual Bonus Payments

If you are eligible for a 1999 annual bonus payment, you will receive your
bonus on Thursday, February 3rd.

The distribution of bonus funds (net amount after deferrals and taxes) will
follow your normal semi-monthly payroll deposit method as follows:

If you normally receive a paycheck, your bonus will be in the form of a
paycheck
If you normally receive a direct deposit, your bonus will be direct deposited
to your bank account
For those employees who have taken advantage of the multiple direct deposit
functionality, your bonus will be deposited to your primary bank account
If you have deferred 100% of your bonus, you will receive a letter
confirming your deferral. A pay advice statement will not be delivered

Please call 713-853-9567 should you have any questions concerning the
distribution of your annual bonus.

The Payroll Department