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Fourth Quarter 1999

  ENRON CORP.
Table 2b - Results by Segment
(Unaudited: in millions, except per share amounts)

IBIT:
Transportation and Distribution:
  Transportation Services
Portland General
Wholesale Services
Retail Energy Services
Broadband Services
Corporate and Other
  IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
of Subsidiaries
Minority Interests
Income Tax Expense
Net Income Before Cumulative Accounting Changes
Cumulative Effect of Accounting Changes, net of tax
Net Income
Preferred Dividends:
Second Preferred Stock
Series B Preferred Stock (a)
Earnings on Common Stock

Average Number of Shares Used:
Basic
  Diluted

Earnings per Common Share:
Basic
  Diluted

  Non-
Recurring Recurring Total

$ 97 $	- $ 97
105	- 105
263	- 263
7	- 7
1	- 1
473	- 473
119	- 119
19	- 19
41	- 41
35	- 35
259	- 259

259 - 259

  4 - 4
20 - 20
$ 235 $ - $ 235

  715.3
779.1 779.1 779.1

  $ 0.33
$ 0.31 $ - $ 0.31

(a) The Series B Preferred Stock is antidilutive in the fourth quarter of 1999 and therefore has been
excluded from the calculation of diluted earnings per share.

EXH010-01297