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Date: Thu, 4 Jan 2001 13:21:00 -0800 (PST)
From: enron.announcements@enron.com
To: all_ena_egm_eim@enron.com
Subject: EnTouch Newsletter
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BUSINESS HIGHLIGHTS

Oil Products Group
The Enron Global Markets Oil Products Trading Team is at it again.  On=20
December 27, 2000 they successfully completed four EnronOnline trades with =
a=20
total volume of 40 million barrels and a total notional value of=20
approximately $145 million.

? USGC Heating Oil Crack - 1.3 million barrels/month for calendar year 2001=
=20
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=
=20
2.1 million barrels and a notional value of $12.18 million;
? USGC Gasoline Crack - 1.2 million barrels/month for calendar year 2001 fo=
r=20
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=
=20
total of 7.8 million barrels and a notional value of $17 million;

This team has completed trades withe the largest volumes and highest notion=
al=20
values to date on EnronOnline.

Steel Trading=20
On the steel trading side, we have just hired 4 steel traders, expanding th=
e=20
steel team to 10 people totaling over 75 years of accumulated steel=20
experience.  Financial Hot Rolled steel swaps are on EnronOnline. Put and=
=20
call options are quoted and physical steel will be launched during the firs=
t=20
quarter of 2001.  The next goal for both originators and traders will be to=
=20
"Enronize" the new traders and educate the steel industry on our risk=20
management tools.=20

IN THE NEWS

"Enron, once focused on shipping natural gas through pipelines, made huge=
=20
strides into new markets in 2000 by developing technology to trade everythi=
ng=20
from electricity to Internet data capacity." -- The Year's Top Business=20
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!" - R=
ay=20
Bowen - MD & COO - EIM

EIM employees to Marsha Schiller - Executive Assistant and floor coordinato=
r=20
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=
=20
wife Sue.   They started off the New Year celebrating the birth of their so=
n,=20
Jackson Fletcher Belden.  Jackson arrived, December 28, 2000, weighing 8lbs=
=20
10oz, 20 inches long.  Mother, baby, and father are doing well.

WELCOME

New Hires ENA/EIM/EGM
ENA =01) Alexandra Villarreal

Transfers ENA/EIM/EGM
ENA =01) Frank Vickers=20


LEGAL STUFF

The information contained in this newsletter is confidential and proprietar=
y=20
to Enron Corp. and its subsidiaries.  It is intended for internal use only=
=20
and should not be disclosed.