BUSINESS HIGHLIGHTS

Enron Industrial Markets
EIM has recently formed a Forest Products Origination team led by Rob Saltiel 
to pursue structured transactions.  Typically, these deals employ a 
combination of physical supply/offtake, price risk management and/or finance 
to bring value to Enron and our customers.  Priority commodities include 
pulp, newsprint, recycled papers, linerboard, and lumber.  Response to the 
new team,s efforts has been positive, as many of the Forest Products 
companies have needs for commodity and capital solutions that are currently 
unavailable.  

Enron Freight Markets
During its first month in the over-the-road (OTR) trucking business, Enron 
Freight Markets has completed over 120 spot OTR trades.  On Friday, March 18, 
there was a shortage in the Houston outbound market and capacity was selling 
for $1.65 per mile.  By comparison, average market price has stayed in the 
$1.05-$1.10 per mile range in recent weeks.

EnronOnline
On May 23, Enron Corp. announced that it completed its one-millionth 
transaction on EnronOnline, the world,s largest web-based e-commerce platform 
for commodities. As an online extension of its successful wholesale energy 
business, EnronOnline began transacting natural gas and electricity on 
November 29, 1999.  Since that time, the company has extended the platform to 
approximately 1500 wholesale commodity products ranging from energy-related 
commodities to bandwidth, metals, forest products, plastics, petrochemicals, 
and weather and credit derivatives.

Approximately 60 percent of all Enron transactions are now conducted online, 
and the cost of processing the transactions has been reduced by 75 percent. 

EnronOnline Statistics

Below are the latest figures for EnronOnline as of May 23, 2001

?  Total Life to Date Transactions   > 1 million
? Life to Date Notional Value of Transactions   > $600 billion
 

IN THE NEWS
Enron Corp. Chief Executive Officer Jeff Skilling likes to say that the 
nation,s leading energy merchant was ready for the Internet long before there 
was anything.com. Enron,s business of buying and selling commodities - by 
phone or fax - was a natural fit for the Web. The challenge now is to get the 
new broadband Internet trading unit on solid footing by proving that 
bandwidth can be traded like a commodity. BusinessWeek e.biz/May 14,2001.


WELCOME
New Hires
EGM - Gregory Sharp, David Cho
EIM - Rosie Carrizal-Moulinet, Thomas Mathieu
ENA - John Poppa, Brandy Powell 

Transfers (to or within)
EGM - Rhonna Palmer


NUGGETS & NOTES

Travel tips of the week: 
1) Fly Coach.  Elite members of frequent flyer programs are often upgraded to 
first class at no additional charge.
2) Consider Alternate Airports. If you live within driving distance of two or 
more airports, examine fares for each airport carefully.  Sometimes special 
fares are offered for flights into specific airports.


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.