Dear Clickpaper Customers

This is an exciting time at Clickpaper.com.  We are ecstatic to report that 
our online trading platform is off to a very successful start.  Since our 
launch on July 25, 2000, we have completed over $700 million in both physical 
and financial transactions.  This represents over 1.1 million tons of pulp 
and paper products and over 22 million board feet of wood products.  We 
appreciate your business and are constantly developing new products and 
services to help you manage your business.

New enhancements include:

New Site Design  - We have redesigned the look and functionality of the 
website.  In addition, the trade floor has been significantly  redesigned to 
increase the number of products that can be viewed at one time.
European Product Launch - On January 30, we expanded our product offering to 
include over 20 European financial products.  We have also added resources to 
our pulp trading business in Europe and will be expanding our physical online 
offering in the near future. 
New Physical Products
 a. Lumber - 60 day fixed priced framing lumber and structural panels in the 
Houston and Dallas hubs. 
 b. Newsprint - 1 year fixed price physical newsprint in our East newsprint 
hub.
 c. Market Pulp - 3rd market hub for NBSK has been added in South Paris, 
Maine.  This complements the existing market hubs in    Vancouver and 
Rotterdam.
 d. Recovered Fiber - Next week, we will launch several West Coast market 
hubs in Los Angeles, San Francisco, and Seattle, in 
  addition to the export hub in Long Beach Harbor.


As always, our Clickpaper team stands ready to answer your questions and hear 
your feedback at 1-800-986-3837 or +44 (0)20 7783-3434.  Log on today to our 
new and improved site at www.clickpaper.com.  As always, our marketing staff 
is available to provide you training for Clickpaper and information on Enron,
s business model.

Sincerely

Clickpaper Marketing Team


This advertisement has been issued and approved by Enron Europe Finance and 
Trading Limited which is regulated by the Securities and Futures Authority 
(SFA) in the conduct of investment business. The services/products/contracts 
referred to on this website are intended only for commercial enterprises and 
not for private customers as defined by the rules of SFA. Enron will not 
enter into transactions with persons who would be regarded as private 
customers under the rules of SFA