Good news!  Deferral program enrollment begins TODAY!   Enron's Bonus Stock 
Option and Bonus Phantom Stock Programs provide you with an opportunity to 
receive stock options and phantom stock in lieu of all or a portion of the 
cash bonus you may receive during 2001.   To make enrollment even more 
convenient for you, this year's deferral program information is available on 
eHRonline.  

To learn more about your deferral program opportunities and to enroll for 
2001 deferrals, access eHRonline at http://ehronline.enron.com.  (Call the 
ISC Help Desk at 713-345-4727 if you need your ID or password to access the 
system.)

1. Review the program descriptions (attached to the Election Form) before you 
make your elections.
2. If you decide to defer compensation, complete the Election Form before 
Friday, December 8,  2000 (the enrollment deadline).
3. Print your 2001 Election Form and Confirmation Statement right from the 
web site and you,re   finished! 

Sound easy?  It is!

DEFERRAL ENROLLMENT 2001--ADDED VALUE FOR YOUR FUTURE