November 1998

     PAINEWEBBER INC.
     HERITAGE PLAZA

Page   lot   I

Net account value on October 30       $
Net account valucon November30 $

Excludes unpr/aed assets.. Sea back to, details.

00
-00 * -

PaineWelter
Investment Account

Account Number MS 71827 ES

lilt BAGBY STREET, SUITE 5100
HOUSTON, TX 77002-9960

NZ8L043519-XB  -1198- i-iS-

You,Investment Executive

EMERY.

713 654-0200

JEFFREY K SHILLING

1S12 NORTH BLVD

HOUSTON

TX 77098-5418

Earnings and capital return summary- status to, ins specific security on wtidl the earnings are.
Earnings be/aware classified as taxable or non-taxa hi. based on the lax
received and does not attempt to reflect your accounra s   Re tax eta tue or reporting requIrements. Use onty of ftc/ill tax repoflfng'~-
docarnents (e.g. /009) for tax repating ptflpo~es. The class&atlon of Dire&,Whvate investment distfltiutlons can only be deterrnk.~d
by referring-to the official year-end tax reporting docoment provided by the Issuer.             .  -.
			  -    .   .                              .. . Cunehi oerlod

Taxable.   A                                   4
Palnewobber Money fund dividends                     $
Other dividends 7'
Total taxable, earnincrn/caoital return*.            $

>00
-.00
 .00

	      Year-to-date


     $        344.14
	     9.970.01, . -
 *   $      - 10314.15

Investment objectives
The foflowlngrebarn-objecilveandriskpiofite describe the overall goals to, this account For each account you hoId~ you choose One
ref urn objective and a ptfrna,y and, if applicable, secondary risk profile: A hAt descrip Von of the alternatives Is h,Ct&id,d on the.
reve,,, side of page on~ of this iltaternent If you have any quesnons repaid/ny these objectives or wtsh to change them,
otease contact your Investment Executive or tue Branch &#aniloerat your branch office. -.

Return- objective: Current income & capital appreciation                              t ,    .          C,
RIsk profile,   - Primary: Moderate   .         -             Seconda,v: None. Selected

Bulletin Board
IF YOU CONVERT YOUR TRADITIONAL IRA TO
A ROTh iRA RY 12/31 YOU ARE ENTITLED.
TO A SPECIAL TAX BENEFIT. CONSULTYQUR
INVESTMENT EXECUTIVE.

 -  . Activity
      Date ActAdtii
      10/30
    - 11/06 RECEIVE
    - .11109. WIThDRAWAL

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- 11/09 SOLD

-11/30.

Description

Ouantitv

Balance forward    -
ENRON CORP (OREGON).
FEDERAL-FUNDS
ENRON CORP (OREGON) UNSOLICITED -
RULE 144
closing balance

- .       43.860.000

   -      -43,860.000

Price / Value/Comment
	       is
   - 2,447,958.18


       56.045900

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k   . .

-IA

															  *1
									     t                                                               A

At

H

N26L0435 19-XE

54.

 *    Amount
	.00

-2.455.459.63
2,455,459.63

.00

 A          Novembergli/HSt827ES


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