It is with sadness and regret that we announce that Cliff Baxter is resigning 
as an employee of Enron.  We are happy, though, that Cliff,s primary reason 
for resigning is to spend more time with his family.

Cliff is a unique talent.  His creativity, intelligence, sense of humor, and 
straightforward manner have been assets to the company throughout his 
career.  He will be missed.

Cliff joined Enron in 1991 and was a key member of the team that built Enron,
s wholesale business.  Before becoming Vice Chairman of Enron, Cliff served 
in a variety of positions in Enron,s wholesale businesses, culminating in his 
appointment as Chairman and Chief Executive Officer of Enron North America in 
1999.

We have asked Cliff, and he has agreed, to continue in a consulting role for 
the company while concluding negotiations on a number of key asset 
dispositions.

Please join us in thanking Cliff for his service to the company and in 
wishing him the very best.