Deferral Enrollment 2001

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The annual deferral program enrollment process is underway. Enron's Bonus=
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Stock Option and Bonus Phantom Stock Programs provide you with an opportuni=
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to receive stock options and phantom stock in lieu of all or a portion of t=
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cash bonus you may receive during 2001. =20

To make enrollment even more convenient for you, this year's deferral progr=
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information is available on eHRonline. To learn more about your deferral=
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program opportunities and to enroll for 2001 deferrals, access eHRonline at=
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http://ehronline.enron.com. (Call the ISC Help Desk at 713-345-4727 if you=
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need your ID or password to access the 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, 5:00 p.m. CST (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

If you would like to attend an employee meeting to learn more about these=
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programs, following is a list of meeting dates, times, and locations:

Wednesday, November 29 2:00 p.m. - 3:00 p.m. EB 5C2
Monday, December 4 9:00 a.m. - 10:00 a.m. The Forum (2 Allen Center, 12t=
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Fl.)
Tuesday, December 5 2:00 p.m. - 3:00 p.m. EB 5C2
Wednesday, December 6 2:00 p.m. - 3:00 p.m. EB 5C2

Since seating is limited, please RSVP (leave a message for Diana Gutierrez=
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(713-345-7077) confirming your name, phone number, and the meeting you wish=
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to attend).

DEFERRAL ENROLLMENT 2001--ADDED VALUE FOR YOUR FUTURE