Houston All-Employee Meeting Notice

Please join us at an all-employee meeting at 10 a.m. Wednesday, Aug. 9, in
the Hyatt Regency's Imperial Ballroom. We will review our second quarter
financial and operating highlights and discuss in more detail the strategy
behind Enron Net Works. The meeting will be streamed live on IP-TV to
employees in Houston, Omaha, Portland, New York, Calgary, London, Stockholm,
Frankfurt and Amsterdam.

As always, we welcome your questions. You may send them to Mary Clark by
e-mail, fax (713-853-6790) or interoffice mail (EB4704C). The deadline for
advance questions is Friday, Aug. 4.

We look forward to seeing you there.