Organization Announcement ,
 We are pleased to announce the following organization changes within Enron=
=20
Global Markets (EGM).

Larry Lawyer will be joining EGM effective immediately to lead our new=20
finance activities.  In this role, he will work with all commodity products=
,=20
assets, and teams worldwide to lever our existing businesses with this new=
=20
focus.  Larry has worked as treasurer and was responsible for 3rd party=20
financing for EBS for the last year.  He has worked for Enron for 4 1/2 yea=
rs=20
in various positions in the finance area.  He will be reporting to the Offi=
ce=20
of the Chairman.

Eric Gonzales will be joining the LNG team and will co-head this effort wit=
h=20
Rick Bergsieker.  We believe there is significant opportunity in the=20
worldwide LNG markets, and Eric will direct all merchant activity and focus=
=20
on the Atlantic regions of the world.  He will also manage the LNG shipping=
=20
book.  Eric is located in the London office and also has responsibility for=
=20
leading the newly formed Pool Markets origination group reporting to Joe=20
Gold.   =20

Rick Bergsieker has relocated to Dubai, in the UAE.  He is responsible for=
=20
all Middle East activities and projects, managing the Puerto Rico assets an=
d=20
will co-head the worldwide LNG efforts.  Rick has over 20 years of LNG=20
experience and together, he and Eric will form an outstanding leadership te=
am=20
as we expand Enron=01,s LNG activities around the world.  They both will re=
port=20
to the Office of the Chairman. =20

Jennifer Fraser will come over and develop our market fundamentals group fo=
r=20
all products in EGM, much like ENA natural gas and power fundamentals and=
=20
Intranet pages existing today.  Previously, Jennifer was working in the Mid=
=20
Market origination group.  Heather Purcell will be joining this group=20
developing the commercial interface for our Intranet page.  Heather was wit=
h=20
Azurix, where she worked on the platform interface for their eBusiness=20
initiatives.=20

Gary Hickerson will be chairing our Traders=01, Roundtable.  This new group=
 will=20
be comprised of traders across Enron's wholesale trading and risk managemen=
t=20
businesses.  This forum will give traders the opportunity to discuss topics=
=20
important to their individual markets, and to learn and explore other marke=
ts=20
in a macro sense.  Also, we will be forming a cross-commodity trading group=
. =20
Traders who have shown extremely strong and consistent profitability will=
=20
have the opportunity to join this group and to exploit cross-commodity=20
opportunities with a bias toward structural shifts in markets.  This group=
=20
will not be involved in customer activity and will execute through our=20
principal desks.   Gary will manage this new group, as well as continuing=
=20
with his current F/X, Rates, Equity, and Agriculture initiatives.=20

Please join us in congratulating everyone on their new positions. =20
Organization charts outlining the entire EGM organization are available upo=
n=20
request from Cathy Phillips.
ena.employees@enron.com, enron.markets@enron.com, enron.europe@enron.com