BUSINESS HIGHLIGHTS

TRANSACTION DEVELOPMENT
Transaction Development, headed by Rodney Malcolm, works with Pulp & Paper, 
Lumber and Steel to structure and execute some of the more complex deals.  
Members of the Transaction Development team have a strong track record of 
closing structured transactions involving both capital and commodity risks.  
Sample deals would include working on the acquisition of Garden State Paper 
earlier this year, and structuring and pitching the first all requirements, 
index based, physical steel supply contract to one of the largest players in 
the steel servicing segment of the steel industry.

The ability to buy and sell physical product will be critical to creating a 
commodity product in these businesses.  Getting access to the physical 
product will require creating compelling financing structures, as well as 
potentially buying assets to get control of their production capability.  In 
all these situations, the Transaction Development team will be a key player 
in driving these opportunities to closure.


PEP - REVIEWER FEEDBACK DEADLINE
The Year End 2000 Performance Review Process closes November 17. To access 
PEP, go to http://pep.corp.enron.com.  To avoid system delays, please log-on 
before the deadline.

If you have any problems accessing the system or have any questions regarding 
the Performance Management Process, please call the HR Helpdesk at x3.4040 
option 4 or email pep.enquiries@enron.com.
 

OPEN ENROLLMENT 2001
The final date for making your 2001 benefit elections or changes is November 
15, 8:00 am CST to 5:00 pm CST.  Remember, that your current 2000 health 
benefit elections will rollover for 2001 if you do not make any changes.

Log-on to www.enron.benefitsnow.com or call 1-800-425-5864.


WELCOME

New Hires ENA/EIM/EGM
ENA ) Tamara Carter/Gas Logistics, Albert Escamilla/Global Counterparty, 
Michael Girraratano/Gas Assets Operations, Cassandra Mayeux/Reporting, 
Planning Accounting, Christina Perez/Power Plant Acct., Eve Puckett/Info & 
Records Management, Tracey Wood/Gas Logistics

EGM ) David Hoog/GRM Risk Products, Judy/Currency Trading


SAVE THE DATE

ENA/EIM/EGM-HOLIDAY PARTY
Enron Field
Saturday, December 9
7:00 pm - Midnight


NUGGETS & NOTES

"Bigger, faster" - Dave Delainey/CEO-ENA

"Four bid at five. What do you want to do?" John Arnold, Vice 
President-Financial/Nymex Trading

"We trade weather."  Gary Taylor, Manager - Weather Risk Management Group
"You trade WHAT?!" anyone Gary speaks with.


LEGAL STUFF

The information contained in this newsletter is confidential and proprietary 
to Enron Corp. and its subsidiaries.  It is intended for internal use only 
and should not be disclosed outside of Enron.