BUSINESS HIGHLIGHTS

Oil Products Group
The Enron Global Markets Oil Products Trading Team is at it again.  On 
December 27, 2000 they successfully completed four EnronOnline trades with a 
total volume of 40 million barrels and a total notional value of 
approximately $145 million.

? USGC Heating Oil Crack - 1.3 million barrels/month for calendar year 2001 
for a total of 15.6 million barrels and a notional value of $60.84 million;
? USGC Heating Oil Crack - 700,000 barrels/month for 1Q 2001 for a total of 
2.1 million barrels and a notional value of $12.18 million;
? USGC Gasoline Crack - 1.2 million barrels/month for calendar year 2001 for 
a total of 14.4 million barrels and a notional value of $54.72 million;
? USGC Jet/Heat Swap - 650,000 barrels/month for calendar year 2001 for a 
total of 7.8 million barrels and a notional value of $17 million;

This team has completed trades withe the largest volumes and highest notional 
values to date on EnronOnline.

Steel Trading 
On the steel trading side, we have just hired 4 steel traders, expanding the 
steel team to 10 people totaling over 75 years of accumulated steel 
experience.  Financial Hot Rolled steel swaps are on EnronOnline. Put and 
call options are quoted and physical steel will be launched during the first 
quarter of 2001.  The next goal for both originators and traders will be to 
"Enronize" the new traders and educate the steel industry on our risk 
management tools. 

IN THE NEWS

"Enron, once focused on shipping natural gas through pipelines, made huge 
strides into new markets in 2000 by developing technology to trade everything 
from electricity to Internet data capacity." -- The Year's Top Business 
Stories in the Houston Chronicle

NUGGETS & NOTES

"Work hard, Play hard" - Jeff McMahon - President & CEO - EIM

"January 1 the real game has begun...........have you seen our budget!" - Ray 
Bowen - MD & COO - EIM

EIM employees to Marsha Schiller - Executive Assistant and floor coordinator 
for EIM , " I need a desk!"  I don't want to sit in the window!"

Congratulations are in order for Tim Belden, VP/West Power Trading and his 
wife Sue.   They started off the New Year celebrating the birth of their son, 
Jackson Fletcher Belden.  Jackson arrived, December 28, 2000, weighing 8lbs 
10oz, 20 inches long.  Mother, baby, and father are doing well.

WELCOME

New Hires ENA/EIM/EGM
ENA ) Alexandra Villarreal

Transfers ENA/EIM/EGM
ENA ) Frank Vickers 


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.