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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Enterprise Products Partners L.P.
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(Name of Issuer)
COMMON UNITS, representing limited partner interests
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(Title of Class of Securities)
293792-10-7
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requiring Filing of this Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
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CUSIP NO. 293792-10-7 13G PAGE 2 OF 8 PAGES
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NAME OF REPORTING PERSON Dan L. Duncan
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
###-##-####
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) N/A
(b) N/A
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
U.S.A.
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SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
34,213,805*
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
34,213,805*
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
34,213,805*
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
75.1%**
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TYPE OF REPORTING PERSON*
12
IN
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*Dan L. Duncan owns 57.1% of the Class A common stock of Enterprise Products
Company (EPCO). EPCO is the grantor of and has termination power over the
Enterprise Products 1998 Unit Option Plan Trust which was established in
connection with an employee benefit plan and holds 660,890 Common Units. EPC
Partners II, Inc., a wholly-owned subisdiary of EPCO holds 33,552,915 Common
Units and 21,409,870 Subordinated Units representing limited partnership
interests. The Subordinated Units may eventually convert to Common Units but
are currently not convertible prior to June 30, 2001. The Subordinated Units are
not included in this number.
**This percentage does not include the 21,409,870 Subordinated Units held by EPC
Partners II, Inc., which may convert to Common Units.
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CUSIP NO. 293792-10-7 13G PAGE 3 OF 8 PAGES
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NAME OF REPORTING PERSON EPC Partners II, Inc.
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
51-0371329
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) N/A
(b) N/A
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
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SOLE VOTING POWER
5
NUMBER OF 33,552,915*
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
0
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 33,552,915*
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
0
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
33,552,915*
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
73.7%
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TYPE OF REPORTING PERSON*
12
CO
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*EPC Partners II, Inc. also holds 21,409,870 Subordinated Units representing
limited partnership interests. These Subordinated Units may eventually convert
to Common Units, but are not convertible prior to June 30, 2001. The
Subordinated Units are not included in this number.
**This percentage does not include the 21,409,870 Subordinated Units held by the
filer which securities may convert to Common Units.
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CUSIP NO. 293792-10-7 13G PAGE 4 OF 8 PAGES
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NAME OF REPORTING PERSON Enterprise Products Company
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
74-1675622
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) N/A
(b) X
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SEC USE ONLY
3
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CITIZENSHIP OR PLACE OF ORGANIZATION
4
Texas
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SOLE VOTING POWER
5
NUMBER OF 0
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
34,213,805*
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
34,213,805*
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
34,213,805*
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
N/A
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
75.1%**
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TYPE OF REPORTING PERSON*
12
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
*Enterprise Products Company (EPCO) is the grantor of and has termination power
over the Enterprise Products 1998 Unit Option Plan Trust which was established
in connection with an employee benefit plan and holds 660,890 Common Units. EPC
Partners II, Inc., a wholly-owned subisdiary of EPCO holds 33,552,915 Common
Units and 21,409,870 Subordinated Units representing limited partnership
interests. The Subordinated Units may eventually convert to Common Units but
are currently not convertible prior to June 30, 2001. The Subordinated Units are
not included in this number.
**This percentage does not include the 21,409,870 Subordinated Units held by EPC
Partners II, Inc., which may convert to Common Units.
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CUSIP NO. 293792-10-7 13G PAGE 5 OF 8 PAGES
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Item 1(a). Name of Issuer:
Enterprise Products Partners L.P.
Item 1(b). Address of Issuer's Principal Executive Offices:
2727 North Loop West
Houston, Texas 77008
Item 2(a). Name of Person Filing:
1. EPC Partners II, Inc.
2. Dan L. Duncan
3. Enterprise Products Company
Item 2(b). Address of Principal Business Office or, if None, Residence:
1. 300 Delaware Avenue, 9/th/ Floor
Wilmington, DE 19801
2.&3. 2727 North Loop West
Houston, Texas 77008
Item 2(c). Citizenship:
1. Delaware
2. USA
3. Texas
Item 2(d). Title of Class of Securities:
Common Units representing limited partnership interests
Item 2(e). CUSIP Number:
293792-10-7
Item 3. This statement is filed pursuant to Rule 13d-1(d)
Item 4. Ownership
1. EPC Partners II, Inc.
(a) Amount Beneficially Owned: 33,552,915*
(b) Percent of Class: 73.7%**
(c) Number of units as to which such persons have:
(i) sole power to vote or to direct the vote: 33,552,915*
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or to direct the disposition of:
33,552,915*
(iv) shared power to dispose or to direct the disposition of: 0
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CUSIP NO. 293792-10-7 13G PAGE 6 OF 8 PAGES
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2. Dan L. Duncan
(a) Amount Beneficially Owned: 34,213,805***
(b) Percent of Class: 75.1%**
(c) Number of units as to which such persons have:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 34,213,805***
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
34,213,805**
3. Enterprise Products Company
(a) Amount Beneficially Owned: 34,213,805****
(b) Percent of Class: 75.1%**
(c) Number of units as to which such persons have:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 34,213,805****
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
34,213,805****
*EPC Partners II, Inc. also holds 21,409,870 Subordinated Units representing
limited partnership interests. These Subordinated Units may eventually convert
to Common Units, but are not convertible prior to June 30, 2001.
**This percentage does not include the 21,409,870 Subordinated Units held by EPC
Partners II, Inc., which may convert to Common Units.
***Dan L. Duncan holds 57.1% of the Class A common stock of Enterprise Products
Company (EPCO). EPCO is the grantor of and has termination power over the
Enterprise Products 1998 Unit Option Plan Trust which was established in
connection with an employee benefit plan and holds 660,890 Common Units. EPC
Partners II, Inc., a wholly-owned subisdiary of EPCO holds 33,552,915 Common
Units and 21,409,870 Subordinated Units representing limited partnership
interests. The Subordinated Units may eventually convert to Common Units but
are not convertible prior to June 30, 2001. The Subordinated Units are not
included in this number.
****Enterprise Products Company (EPCO) is the grantor of and has termination
power over the Enterprise Products 1998 Unit Option Plan Trust which was
established in connection with an employee benefit plan and holds 660,890
Common Units. EPC Partners II, Inc., a wholly-owned subisdiary of EPCO holds
33,552,915 Common Units and 21,409,870 Subordinated Units representing limited
partnership interests. The Subordinated Units may eventually convert to Common
Units but are not convertible prior to June 30, 2001. The Subordinated Units are
not included in this number.
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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CUSIP NO. 293792-10-7 13G PAGE 7 OF 8 PAGES
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Item 6. Ownership of More than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company.
Not applicable.
Item 8. Identification and Classification of Members of the Group.
Not applicable.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Not applicable.
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CUSIP NO. 293792-10-7 13G PAGE 8 OF 8 PAGES
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After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 11, 1999
Signatures:
EPC Partners II, Inc.
By: /s/ Victoria L. Garrett
____________________________
Name: Victoria L. Garrett
Secretary
/s/ Dan L. Duncan
________________________________
Dan L. Duncan
Enterprise Products Company
By: /s/ Gary L. Miller
______________________________
Gary L. Miller
Executive Vice President
________________
Each Reporting Person certifies only the information in Item 4 regarding himself
or itself, as the case may be.
