PRIVATE AND CONFIDENTIAL

I am pleased to announce that Enron has been ranked in the following categories in the EPRM / Risk 2000 Commodity Derivative Rankings:

FIRST IN:		Nat Gas, N.Am	Nymex look-alike swaps
						Basis swaps
						Nymex look-alike options
						Basis options
			Nat Gas, UK		options
			Electricity, UK&EU	swaps, UK
						swaps, Europe
						options, UK

SECOND IN:		Gasoline		swaps, Americas
			Electricity, N.Am	swaps, N.Am Eastern
						Options, N.Am Eastern
			Weather derivatives	N.Am swaps
						N.Am options