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Investor Relations
2000 Goal

GOAL
Continue delivery of a coordinated and targeted global investor communication,
generating premium valuations for Wholesale Energy, Retail Energy and Broadband
Services.

PERFORMANCE
A. Enron Corp. relative valuation versus the market and peer group improved
significantly, as follows:

	P/E Multiple *	P/E Multiple
	12/31/99	11/27/00
Enron Corp.	31x	48x
Peer Group - Energy	16x	22x
S&P 500	26x	22x

* Based on forward year E.P.S. estimates

B. Enron's total return to shareholders for 2000 has significantly exceeded all
comparative indices (through 1.1/27).

Enron Corp.
S&P 500
Dow Jones Industrials
NASDAQ
Peer Group - Energy
Peer Group - Broadband

Total Return 2000

  78.7%
( 7.2%)
( 7.0%)
(29.1%)
  70.6%
(65.1%)

C. The objective of providing coordinated and targeted investor communications was
carried out aggressively in 2000, which contributed to the total returns and
increased valuation levels mentioned above. Meetings with investors were held
in 37 cities worldwide; at over 26 industry conferences, resulting in over 450

one-on-one meetings.



(H009-00102