<PAGE> 1
PRICING SUPPLEMENT NO. 1 DATED MAY 18, 2000 RULE 424(b)(3)
(TO PROSPECTUS AND PROSPECTUS SUPPLEMENT DATED MAY 18, 2000) FILE NO. 333-70465
ENRON CORP.
MEDIUM-TERM NOTES, SERIES A
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
FIXED RATE NOTES
<TABLE>
<S> <C>
Principal Amount: $175,000,000
Cusip Number: 29357W AA 5
Interest Rate: 8.375%
Original Issue Date: May 23, 2000
Stated Maturity Date: May 23, 2005
Interest Payment Dates: Each November 23 and May 23, commencing on
November 23, 2000
Agent: Banc of America Securities LLC
Price to Public: 99.659%
Agent's Discount: $875,000
Proceeds to Enron Corp.: $173,528,250
Repayment at the Option of the Holder: The notes cannot be repaid prior to the Stated
Maturity Date.
Redemption at the Option of Enron Corp.: The notes cannot be redeemed prior to the
Stated Maturity Date.
Form: The notes are being issued in fully registered
book-entry form.
Trustee: The Bank of New York
</TABLE>
