ENRON
					  4Th QUARTER OVERVIEW
					       gAtes of Dokm)


	       Overview - Adjusted 2nd Current Estimate

	       Additional resticted stock expense
	       Lower ESA gain
	       LOWerAPAGHI earnings
	       Lower earnings from EE&OC
	       Increased earnings from EGF
	       Lower lntrest expense (overvIew~
	       Additional Corporate bonuses
	       Other
	       Overview - Sept29
	       Business Ut cov'ervestlng of rastilded stock
	       Increased earnings frnm POG
	       Lower earnings from EE&CC
	       Rhythms loss to $4.5
	       Increased earnings needed for Increased tax rate
	       Increased Interest expense
	       Other

	       Overview'- Oct16

	       Lower earnings torn PQG
	       Decreased earnings from EGM for CALME
	       APAGHI gain on sale
	       Decreased earnings from Enrvn Networks
	       Addtttionat Rhythms ices
	       Additional EE$ earnings    -
	 -     Increased Interest expense
	       Decreased corporate expenses
	       Other

	       Overview - AcDusted 3rd Owyont Estimate

O.iopwUtfl$OSffC~tURREflSQ(qflJd.2v6M#W
itnaflgm

EC001917318

t

 .$  (73.6)

   * 545

     60.0
	*

     25.0
     10.0

     (28.0)
     (15.0).
     15.0
     (1.6)
     60.0

     (3O.0)~
     (20.0)

     7.4

     12.0
     28.4

     10.0

     U
     60.0

     16.6
     6.6
     (14.3)

     tao
     1.4

     (6.9)
     12.7
   * (10.0)

     6,8

   - BOA
=

4





 V
:4

       ENRON
4Th QUARTER POTENTIAL ITEMS
      (MUons of Dollars)

$2108.0

  (27.0)
  50.0
  12.5
  (30.0)
  (15.0)
  13'4
  (10.0)
  (15.0)
  66.9

I,

Overview
Portland reserve reversal
Decreased South America gaIn
Apachi overview
Global Finance
Eriron Networks
Rhythms loss
Decreased corporate expenses, primarIly HR
Decreased Interest expense

Potential Overview

Potential items to Cover Overview

 Enron Networks
 Global Markets
 IndustrIal Markets back to plan
 Total Potential Items     -


* Items Included In 3rd Current Estimate

 South AmerIca gain on LOG sale
 India gaIn
 APACHI gain on asset sale


O4Onn¶MOP0F~O*lCLRREt7ThtoO1(qk,dsWotmfli
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  13.0
  5.0
  16.4

  34.4


100.0
  41St
t
' 14.3

EC 00191 7319

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					     ENRON
				  EARNINGS RSLUME - W(T URN AL FORMAT
					 G0h1.d0S~0.flfld4

2000.

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20.4
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33.1
37.0
 U
(2.4
26.0


(LA)
 2.4

(42.0)


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 (LI)
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(17.0)
 1.4
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(14.0)
(2441
 82
 2.4
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43.0
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103.2
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158.2


116.7
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 4.0
196.8
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(3.1)

    102.2
    182.2


    116,7
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    (0.1)

 *  171
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    12.1
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    45*
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  07.5

27.0


21.0


(50.0)

80.4          (ItS)
20.6
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12.1
	      16,0

	      ($3.4)
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(20.0)         -

13  _______

    * £23.4

43.1'

41.0

(3$j       33.0         -

0.7       -
	 as

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TOTAL DILUmO M'S

(3.6)
26.0
(3.21


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(43)

(ISA)
 (0.3)
 (7.7)

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(36.7)
(12.3)
 2.4
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(11.4)
as
(12.91

 (03)
(so,?)
 2.?

(9441

108.0

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(ISA)
26.3
(123)

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(83.7)
 2.7

(843)

(21.1)      Itg

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      ate
      8416

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  $   3.40
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    0.2
    8.2
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    253.3
    13.4
    38.0
    394.0
 -  9$.?
    100.4


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   (15.03


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=


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     ISA
     34.0
    294.0 -
     03.7
 -  $00.4


 *  2004


 $   0.34


    alas

 *  283%

 1006         awn
Aofual


  so..
  108.0
  202.1


  03.8
 * 41.0

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  itt
  10.1

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  (2*)
   73


 (22.7)

  us
 ties

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110%


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Ito
(LI)
$1.5
(2.7)
(AlA)

22.7
 6.8

    4374
    110.0
    162
    42.0

    88*


*   203.?


*   0.28

     .28

    700,7

56%
loll'


53%

"I'


30%

13.014

						     * ECOD1GI7S2G
							........