Attached is the Management Report for 02/22/00. 

External Trading   
  
 Total  22-Feb-00  To Date 
  
 Number of Transactions   938   32,363 
 Gross Notional Value $   329,474,114   10,407,391,822 
  
 Revenue from Physical flows to date ($)    349,473,933 
  
 Number of New Counterparties transacting today    3 
 Number of Counterparties having transacted to date    221 
  
 N.A. Gas   
  
 Number of Transactions   775   26,793 
 Volume of Transactions (mmbtu's)   146,611,270   5,313,069,402 
 Gross Notional Value $   268,376,365   8,434,301,371 
  
 UK Gas   
  
 Number of Transactions   33   1,768 
 Volume of Transactions (mmbtu's)   4,457,500   220,216,500 
 Gross Notional Value $   8,956,846   440,078,292 
  
 Belgium Gas   
  
 Number of Transactions   4   75 
 Volume of Transactions (mmbtu's)   915,000   15,555,000 
 Gross Notional Value $   1,920,442   30,465,447 
  
 U.S. Power   
  
 Number of Transactions   82   2,705 
 Volume of Transactions (MWh's)   816,896   21,048,376 
 Gross Notional Value $   25,828,210   735,409,760 
  
 UK Power   
  
 Number of Transactions   8   138 
 Volume of Transactions (MWh's)   445,449   5,922,913 
 Gross Notional Value $   16,377,210   231,428,382 
  
 Swiss Power   
  
 Number of Transactions   1   22 
 Volume of Transactions (MWh's)   2,217   37,959 
 Gross Notional Value $   49,967   859,335 
  
 German Power   
  
 Number of Transactions   7   131 
 Volume of Transactions (MWh's)   40,105   1,105,238 
 Gross Notional Value $   765,495   20,992,180 
  
 Spanish Power   
  
 Number of Transactions   -     3 
 Volume of Transactions (MWh's)   -     9,605,154 
 Gross Notional Value $   -     408,703 
  
 Norwegian Power   
  
 Number of Transactions   5   86 
 Volume of Transactions (MWh's)   73,800   1,555,704 
 Gross Notional Value $   1,076,809   22,777,444 
  
 Crude & Products   
  
 Number of Transactions   5   232 
 Volume of Transactions (BBl's)   393,000   25,617,697 
 Gross Notional Value $   442,860   352,813,501 
  
 Petchems   
  
 Number of Transactions   -     33 
 Volume of Transactions    -     288,000 
 Gross Notional Value $   -     30,272,900 
  
 LPG   
  
 Number of Transactions   15   155 
 Volume of Transactions (BBl's)   168,000   1,792,000 
 Gross Notional Value $   5,679,000   61,495,000 
  
 U.S. Coal   
  
 Number of Transactions   -     73 
 Volume of Transactions (st)   -     2,033,325 
 Gross Notional Value $   -     25,548,683 
  
 U.S. Pulp & Paper   
  
 Number of Transactions   -     4 
 Volume of Transactions (st)   -     2,550 
 Gross Notional Value $   -     1,500,750 
  
 Emmissions   
  
 Number of Transactions   -     58 
 Volume of Transactions   -     145,000 
 Gross Notional Value $   -     18,982,650 
  
 U.S. Weather   
  
 Number of Transactions   -     87 
 Volume of Transactions    -     92 
 Gross Notional Value $   -     57,425 
  
 UK Weather   
  
 Number of Transactions   3   9 
 Volume of Transactions    3   9 
 Gross Notional Value $   909   2,597 
  
  
 Number of Users Logging onto EnronOnline:   
 External Users with Execution rights    716 
 External Users with No Execution Rights    68 
  

 Internal Trading   
 22-Feb-00  To Date 
 Gas   
  
 Number of Transactions   86   2,154 
 Volume of Transactions (mmbtu's)   39,035,355   855,371,185 
 Gross Notional Value $   92,966,283   1,454,338,945 
  
 Power   
  
 Number of Transactions   -     32 
 Volume of Transactions (MWh's)   -     440,440 
 Gross Notional Value $   -     15,479,584 
  
 Coal   
  
 Number of Transactions   -     -   
 Volume of Transactions (st)   -     -   
 Gross Notional Value $   -     -   
  
 Emmissions   
  
 Number of Transactions   -     -   
 Volume of Transactions (st)   -     -   
 Gross Notional Value $   -     -   
  
 Total   
  
 Number of Transactions   86   2,186 
 Gross Notional Value $   92,966,283   1,469,818,529 






Regards


Louise