Press Release

ENRON ANNOUNCES DIVIDENDS

HOUSTON - The Enron Corp. Board of Directors has declared a regular quarterly dividend of $0.25 per share on the corporation’s common stock payable on June 21, 1999, to stockholders of record as of June 1, 1999. The indicated annual rate is $1.00 per share.

The Board also declared a regular quarterly dividend of $3.413 on the Cumulative Second Preferred Convertible Stock payable July 1, 1999 to preferred stockholders of record as of June 18, 1999. The indicated annual rate is $13.652 per share.

Enron Capital LLC, a wholly owned subsidiary of Enron Corp., declared its monthly dividend of $0.166667 on the Enron Capital LLC 8% Cumulative Guaranteed Monthly Income Preferred Shares for the month of May, payable June 1, 1999 to stockholders of record as of May 28, 1999. The annual dividend rate is $2.00.

Enron Capital Resources, L.P., a Delaware limited partnership in which Enron Corp. is the sole general partner, declared its monthly dividend of $0.1875 on the Enron Capital Resources, L.P. 9% Cumulative Preferred Securities, Series A, for the month of May, payable June 1, 1999 to holders of record as of May 28, 1999. The annual dividend rate is $2.25.

Enron is one of the world's leading integrated electricity and natural gas companies. The company, which owns approximately $30 billion in energy related assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide and delivers physical commodities and risk management and financial services to customers around the world. Enron's Internet address is www.enron.com, and the stock is traded under the ticker symbol, "ENE."

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For additional information please contact:

Karen Denne

(713) 853-9757