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Date: Mon, 18 Dec 2000 13:21:00 -0800 (PST)
From: enron.announcements@enron.com
To: enron.services@enron.com
Subject: Organizational Announcement
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Enron Global Markets (EGM) has made numerous organizational changes as its=
=20
businesses continue to grow and expand around the world.  We are pleased to=
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announce the following changes within EGM.

Financial Trading=20
The Convertible Arbitrage desk has moved from EnronCredit.com to the=20
Financial Trading group under Gary Hickerson.  Mike Bradley will manage the=
=20
desk. =20

Billy Lemmons has joined Gary Hickerson's group from EIM.  He is exploring=
=20
the agriculture value chain and origination opportunities.

Transportation and Shipping
Dan Reck will be transitioning out of the coal group and will be exploring=
=20
our rail and trucking initiatives.  These markets together represent=20
approximately $105 billion notionally, and we believe there are many=20
synergies between our energy, coal, and freight trading businesses. =20

Enron is currently trading dry-freight through EOL and is a leading market=
=20
maker in this new product. The shipping business is growing very quickly.  =
We=20
have asked Pierre Aury and Scott Montcrief to co-lead our worldwide vessel=
=20
trading businesses.  Scott will be responsible for all liquids vessel=20
businesses and Pierre will manage all dry vessel businesses.  The LNG vesse=
l=20
business currently managed by Wayne Perry will remain in the LNG group, but=
=20
will also report to and coordinate with Pierre and Scott.

Weather
Our worldwide weather operations will continue to report to Mark Tawney in=
=20
Houston.  This business, which includes trading weather products in 10=20
countries and 40 states in the U.S., is also rapidly expanding.  Mark will=
=20
have all V@R allocation responsibility between Sydney, Tokyo, Oslo, and=20
Houston.  In addition we will be forming a weather-marketing desk in London=
. =20

Crude and Products
Bill White will be coming over from EBS and will have responsibility for al=
l=20
U.S. financial crude trading.  Don Schroeder will continue to have oversigh=
t=20
and lead our physical crude business.  Mario De La Ossa has joined EGM from=
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Equiva and will manage our product options book.=20

Doug Leach will be expanding his fuel management and origination role.  He=
=20
will report directly to John Nowlan.

Finance and Structuring
Andrew Makk has joined the finance team from the Middle East group.  Most=
=20
recently he has been working on the Gaza project.

Jim Lewis has also joined this team. His last assignment was leading the=20
structuring group for CALME.

Both Andrew and Jim will report to Larry Lawyer.
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Corporate Development
Mark Wadlington has joined the EGM team and will be managing this activity=
=20
and co-ordinating with all Enron Corp. He reports to Tim Detmering with=20
accountability to the office of the chairman of EGM.

Operations and Accounting
Todd Hall has expanded his role as Business Controller and will have=20
responsibility for coal and weather.

Mike Perun has joined Enron from the banking industry and is responsible fo=
r=20
Controls & Standards.  He will focus on EGM=01,s operational and accounting=
=20
processes on a global basis.  He reports to Brent Price.

The Ecoelectrica power plant in Puerto Rico will move reporting=20
responsibility into the Enron Global Assets group.  Greg Curran, who is=20
responsible for all the activities in Puerto Rico, will report to that grou=
p=20
on all Ecoelectrica business and to Enron Global Markets on the remaining=
=20
businesses.

Please join us in congratulating everyone in their new roles.