ENRON CAPITAL CORP
13F-NT, 1999-05-12
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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                              FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  March 31, 1999

Check here if Amendment [  ]; Amendment Number:  ____
  This Amendment (Check only one.):       [  ] is a restatement.
                                          [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:      ENRON CAPITAL CORP.
Address:   1400 SMITH STREET
           HOUSTON, TEXAS  77002

13F File Number:  28-6992

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:    Peggy B. Menchaca      
Title:   Vice President and Secretary
Phone:   713-853-6424

Signature, Place, and Date of Signing:

           /s/ PEGGY B. MENCHACA          HOUSTON, TEXAS     MAY 11, 1999
                 [Signature]               [City, State]        [Date]

Report Type (Check only one.):

[  ]       13F HOLDINGS REPORT.  (Check here if all holdings of this reporting 
           manager are reported in this report.)

[X]        13F NOTICE.  (Check here if no holdings reported are in this report,
           and all holdings are reported by other reporting manager(s).)

[  ]       13F COMBINATION REPORT. (Check here if a portion of the holdings
           for this reporting manager are reported in this report and a portion
           are reported by other reporting manager(s).)


List of Other Managers Reporting for this Manager:

           13F File Number     Name

           28-6976   JOINT ENERGY DEVELOPMENT INVESTMENTS LIMITED PARTNERSHIP




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