SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1993
Commission file number 1-3423
A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:
ENRON CORP. SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the
plan and the address of its principal executive office:
ENRON CORP.
1400 Smith Street
Houston, Texas 77002
<PAGE>
ENRON CORP. SAVINGS PLAN
Page
Reports of Independent Public Accountants 3
Financial Statements:
Savings Plan
Statement of Financial Condition as of
December 31, 1993 5
Statement of Financial Condition as of
December 31, 1992 6
Statement of Income and Changes in Plan Equity
For the Year Ended December 31, 1993 7
Statement of Income and Changes in Plan Equity
For the Year Ended December 31, 1992 8
Statement of Income and Changes in Plan Equity
For the Year Ended December 31, 1991 9
Notes to Financial Statements 10
Signature Page 15
Consents of Independent Public Accountants 16
11-K Schedules
Schedules I, II, and III are omitted because the required
information is included in the financial statements
ERISA Schedules
Schedule of Assets Held for Investment Schedule I
Schedule of Reportable Series Transactions Schedule II
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Administrative Committee of
Enron Corp. Savings Plan:
We have audited the accompanying statements of financial
condition of the Enron Corp. Savings Plan as of December 31,
1993 and 1992 and the related statements of income and
changes in plan equity for each of the two years ended
December 31, 1993. These financial statements and the
schedules referred to below are the responsibility of the
Committee. Our responsibility is to express an opinion on
these financial statements and schedules based on our
audits.
We conducted our audits in accordance with generally
accepted auditing standards. Those standards require that
we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide
a reasonable basis for our opinion.
In our opinion, the financial statements referred to above
present fairly, in all material respects, the financial
condition of the Enron Corp. Savings Plan as of December 31,
1993 and 1992, and the income and changes in plan equity of
the Enron Corp. Savings Plan for each of the two years ended
December 31, 1993 in conformity with generally accepted
accounting principles.
Our audit was made for the purpose of forming an opinion on
the basic financial statements taken as a whole. The
supplemental schedules of assets held for investment as of
December 31, 1993 and reportable series transactions for the
year ended December 31, 1993 are presented for purposes of
additional analysis and are not a required part of the basic
financial statements but are supplementary information
required by the Department of Labor's Rules and Regulations
for Reporting and Disclosure under the Employee Retirement
Income Security Act of 1974. The supplemental schedules
have been subjected to the auditing procedures applied in
the audit of the basic financial statements and, in our
opinion, are fairly stated in all material respects in
relation to the basic financial statements taken as a whole.
MIR FOX & RODRIGUEZ
Houston, Texas
June 28, 1994
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Administrative Committee of
Enron Corp. Savings Plan:
We have audited the accompanying statement of income and
changes in plan equity of the Enron Corp. Savings Plan for
the year ended December 31, 1991. This financial statement
is the responsibility of the Committee. Our responsibility
is to express an opinion on this financial statement based
on our audit.
We conducted our audit in accordance with generally accepted
auditing standards. Those standards require that we plan
and perform the audit to obtain reasonable assurance about
whether the statement of income and changes in plan equity
is free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts
and disclosures in the statement of income and changes in
plan equity. An audit also includes assessing the
accounting principles used and significant estimates made by
management, as well as evaluating the overall financial
statement presentation. We believe that our audit provides
a reasonable basis for our opinion.
In our opinion, the statement of income and changes in plan
equity referred to above presents fairly, in all material
respects, the income and changes in plan equity of the Enron
Corp. Savings Plan for the year ended December 31, 1991, in
conformity with generally accepted accounting principles.
ARTHUR ANDERSEN & CO.
Houston, Texas
June 19, 1992
<PAGE>
<TABLE>
ENRON CORP. SAVINGS PLAN
STATEMENT OF FINANCIAL CONDITION
DECEMBER 31, 1993
<CAPTION>
Enron
Oil & Gas
Enron Corp. Company
Common Fixed Common Loans To
Stock Fund Income Fund Equity Fund Stock Fund Participants Total
<S> <C> <C> <C> <C> <C> <C>
ASSETS
SHORT-TERM INVESTMENTS $ 5,122,094 $ 14,110,255 $ 9,036 $ 335,992 $ 25,330 $ 19,602,707
INVESTMENTS
Common Stock of Enron
Corp. at market value -
7,861,219 shares
(cost $82,183,527) 227,975,351 - - - - 227,975,351
Fixed Income Deposit
Contracts - 91,231,733 - - - 91,231,733
Fidelity Equity Income
Fund at market value -
384,880 units (cost
$12,891,904) - - 13,024,384 - - 13,024,384
Common Stock of Enron
Oil & Gas at market
value - 173,071 shares
(cost $4,820,310) - - - 6,749,769 - 6,749,769
227,975,351 91,231,733 13,024,384 6,749,769 - 338,981,237
NOTES RECEIVABLE FROM
PARTICIPANTS - - - - 10,032,803 10,032,803
TOTAL $233,097,445 $105,341,988 $13,033,420 $7,085,761 $10,058,133 $368,616,747
PLAN EQUITY $233,097,445 $105,341,988 $13,033,420 $7,085,761 $10,058,133 $368,616,747
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
ENRON CORP. SAVINGS PLAN
STATEMENT OF FINANCIAL CONDITION
DECEMBER 31, 1992
<CAPTION>
Enron
Oil & Gas
Enron Corp. Company
Common Fixed Common Loans To
Stock Fund Income Fund Equity Fund Stock Fund Participants Total
<S> <C> <C> <C> <C> <C> <C>
ASSETS
SHORT-TERM INVESTMENTS $ 430,345 $ 14,671,795 $ 180,462 $ 87,318 $ - $ 15,369,920
INVESTMENTS
Common Stock of Enron
Corp. at market value -
8,274,206 shares
(cost $88,026,801) 191,858,152 - - - - 191,858,152
Fixed Income Deposit
Contracts - 89,899,771 - - - 89,899,771
Mellon Stock Index fund
at market value - 30,369
units (cost $8,109,986) - - 11,267,778 - - 11,267,778
Common Stock of Enron
Oil & Gas at market
value - 125,791 shares
(cost $2,860,525) - - - 3,695,111 - 3,695,111
191,858,152 89,899,771 11,267,778 3,695,111 - 296,720,812
CONTRIBUTIONS RECEIVABLE 167,726 203,121 37,331 25,479 - 433,657
DUE (TO) FROM OTHER FUNDS (36,786) 52,245 41,638 (57,097) - -
NOTES RECEIVABLE FROM
PARTICIPANTS - - - - 9,336,760 9,336,760
TOTAL $192,419,437 $104,826,932 $11,527,209 $3,750,811 $9,336,760 $321,861,149
LIABILITIES AND PLAN EQUITY
LIABILITIES
Loans Payable to
Participants $ 122,221 $ 160,203 $ 14,498 $ 250 $ - $ 297,172
PLAN EQUITY 192,297,216 104,666,729 11,512,711 3,750,561 9,336,760 321,563,977
TOTAL $192,419,437 $104,826,932 $11,527,209 $3,750,811 $9,336,760 $321,861,149
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
ENRON CORP. SAVINGS PLAN
STATEMENT OF INCOME AND CHANGES IN PLAN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 1993
<CAPTION>
Enron
Oil & Gas
Enron Corp. Company
Common Fixed Common Loans To
Stock Fund Income Fund Equity Fund Stock Fund Participants Total
<S> <C> <C> <C> <C> <C> <C>
INCOME
Interest $ 377,697 $ 6,838,734 $ 48,409 $ 42,844 $ - $ 7,307,684
Dividends 5,712,496 - 197,347 30,132 - 5,939,975
6,090,193 6,838,734 245,756 72,976 - 13,247,659
REALIZED APPRECIATION 5,045,381 - 1,152,467 324,260 - 6,522,108
UNREALIZED APPRECIATION 43,099,734 - 132,426 825,470 - 44,057,630
CONTRIBUTIONS FROM
PARTICIPANTS 5,657,796 6,372,169 2,229,693 1,386,478 - 15,646,136
ASSETS TRANSFERRED
Transfers Between
Funds, net 5,144,784 (4,408,878) (1,602,571) 866,665 - -
Transfers in from
new participants 5,644,016 3,688,727 670,225 252,313 - 10,255,281
10,788,800 (720,151) (932,346) 1,118,978 - 10,255,281
LOANS TO PARTICIPANTS,
NET OF REPAYMENTS (176,739) (514,139) (95,818) 65,323 721,373 -
PARTICIPANT WITHDRAWALS (29,318,587) (11,304,632) (1,211,469) (461,632) - (42,296,320)
OTHER, NET (386,349) 3,278 - 3,347 - (379,724)
INCREASE IN PLAN EQUITY 40,800,229 675,259 1,520,709 3,335,200 721,373 47,052,770
PLAN EQUITY, BEGINNING
OF PERIOD 192,297,216 104,666,729 11,512,711 3,750,561 9,336,760 321,563,977
PLAN EQUITY, END OF
PERIOD $233,097,445 $105,341,988 $13,033,420 $7,085,761 $10,058,133 $368,616,747
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
ENRON CORP. SAVINGS PLAN
STATEMENT OF INCOME AND CHANGES IN PLAN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 1992
<CAPTION>
Enron
Oil & Gas
Enron Corp. Company
Common Fixed Common Loans To
Stock Fund Income Fund Equity Fund Stock Fund Participants Total
<S> <C> <C> <C> <C> <C> <C>
INCOME
Interest $ 320,182 $ 7,885,004 $ 46,389 $ 32,249 $ - $ 8,283,824
Dividends 5,395,734 - 317,622 20,001 - 5,733,357
5,715,916 7,885,004 364,011 52,250 - 14,017,181
REALIZED APPRECIATION 719,359 - 39,724 139,925 - 899,008
UNREALIZED APPRECIATION 45,916,490 - 467,143 919,541 - 47,303,174
CONTRIBUTIONS FROM
PARTICIPANTS 3,552,497 6,177,673 1,776,732 927,649 - 12,434,551
ASSETS TRANSFERRED
Transfers Between
Funds, net 1,189,095 (1,989,834) 846,497 (45,758) - -
Transfers in from
new participants 1,414,415 2,468,144 166,417 56,507 - 4,105,483
2,603,510 478,310 1,012,914 10,749 - 4,105,483
LOANS TO PARTICIPANTS,
NET OF REPAYMENTS (899,050) (1,312,253) (150,248) 110,842 2,250,709 -
PARTICIPANT WITHDRAWALS (6,330,120) (4,875,926) (422,669) (57,212) - (11,685,927)
OTHER, NET 3,398 30,128 26,575 (4,116) - 55,985
INCREASE IN PLAN EQUITY 51,282,000 8,382,936 3,114,182 2,099,628 2,250,709 67,129,455
PLAN EQUITY, BEGINNING
OF PERIOD 141,015,216 96,283,793 8,398,529 1,650,933 7,086,051 254,434,522
PLAN EQUITY, END OF
PERIOD $192,297,216 $104,666,729 $11,512,711 $3,750,561 $9,336,760 $321,563,977
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
<TABLE>
ENRON CORP. SAVINGS PLAN
STATEMENT OF INCOME AND CHANGES IN PLAN EQUITY
FOR THE YEAR ENDED DECEMBER 31, 1991
<CAPTION>
Enron
Oil & Gas
Enron Corp. Company
Common Fixed Common Loans To
Stock Fund Income Fund Equity Fund Stock Fund Participants Total
<S> <C> <C> <C> <C> <C> <C>
INCOME
Interest $ 229,420 $ 8,081,880 $ 23,546 $ 27,976 $ - $ 8,362,822
Dividends 5,014,910 - 234,413 11,042 - 5,260,365
5,244,330 8,081,880 257,959 39,018 - 13,623,187
REALIZED APPRECIATION
(DEPRECIATION) 704,449 - 82,924 (9,060) - 778,313
UNREALIZED APPRECIATION
(DEPRECIATION) 26,885,157 - 1,352,066 (60,921) - 28,176,302
CONTRIBUTIONS FROM
PARTICIPANTS 2,021,761 6,007,899 965,308 801,649 - 9,796,617
ASSETS TRANSFERRED
Transfers Between
Funds, net (1,179,373) (221,067) 939,158 461,282 - -
Transfers in from
new participants 118,098 714,602 183,524 50,331 - 1,066,555
(1,061,275) 493,535 1,122,682 511,613 - 1,066,555
LOANS TO PARTICIPANTS,
NET OF REPAYMENTS (705,673) (1,519,395) (98,516) 47,228 2,276,356 -
PARTICIPANT WITHDRAWALS (3,065,204) (5,512,638) (175,944) (14,548) - (8,768,334)
OTHER, NET (222) (449) 4,775 (150) - 3,954
INCREASE IN PLAN EQUITY 30,023,323 7,550,832 3,511,254 1,314,829 2,276,356 44,676,594
PLAN EQUITY, BEGINNING
OF PERIOD 110,991,893 88,732,961 4,887,275 336,104 4,809,695 209,757,928
PLAN EQUITY, END OF
PERIOD $141,015,216 $ 96,283,793 $ 8,398,529 $1,650,933 $7,086,051 $254,434,522
<FN>
The accompanying notes are an integral part of these financial statements.
</TABLE>
<PAGE>
ENRON CORP. SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. SUMMARY OF THE PLAN
Enron Corp. ("Enron") offers eligible employees the opportunity to
participate in the Enron Corp. Savings Plan ("Savings Plan").
Participation in the Savings Plan is voluntary and an employee is
eligible to participate the first day of the month following
employment. However, an individual whose conditions of employment are
governed by a collective bargaining agreement shall not be considered an
employee for this purpose unless the collective bargaining agreement
provides otherwise. The Savings Plan is subject to the provisions of the
Employee Retirement Income Securities Act of 1974 ("ERISA").
Participants in the Savings Plan may allocate their
contributions to one or more of four investment funds
including an Enron stock fund, an Enron Oil & Gas
Company ("EOG") stock fund, a fixed income fund, and an
equity fund. The participants may contribute amounts up
to 11% of their normal pay. Contributions may be made
on an after-tax or before-tax basis, or any combination
thereof, up to a maximum of 11%. However, the maximum
for before-tax contributions is limited to 8% subject to
a maximum contribution of $8,994 for the plan year 1993
(and adjusted annually thereafter to reflect changes in
the cost of living).
Participants whose monthly normal pay is less than
$5,500 may contribute amounts up to 14% of their normal
pay on an after-tax or before-tax basis, or any
combination thereof, up to the 14% maximum.
Contribution limits for other participants are
unchanged.
Changes in participant contribution percentages and
investment choices as well as transfers among investment
options may be made once in any three month period (see
Note 9). The Savings Plan further permits participants
to borrow up to 50% of the market value of their
accounts, subject to certain limitations. Generally,
notes receivable from participants must be repaid within
five years. The Savings Plan is qualified under Section
401(a) of the Code; withdrawals, distributions, and
loans to participants are limited as specified by the
Code and related Internal Revenue Service ("IRS")
regulations.
Number of Participants
The following is a summary of participants in the
Savings Plan:
<TABLE>
<CAPTION>
December 31,
1993 1992
<S> <C> <C>
Enron stock fund 5,707 5,484
Fixed income fund 4,651 4,793
Equity fund 1,687 1,729
EOG stock fund 1,283 852
</TABLE>
The total number of participants in the Savings Plan at
December 31, 1993 is 6,603 and is less than the sum of
the number of participants shown above because many were
participating in more than one fund.
2. ACCOUNTING POLICIES
In accordance with the provisions of the Savings Plan,
the financial records and participants' annual
valuations are determined on the accrual basis and the
investments are presented at market value. Security
transactions are recorded as of the trade date. The
common stock owned by the Savings Plan is carried in
each of the individual participants' accounts at cost.
The market value of the Enron or EOG stock fund is
determined by the closing price of such common stock as
quoted in the listing of the New York Stock Exchange
Composite Transactions as of the financial statement
date. The fixed income deposit contracts are valued at
cost plus interest earned as of the financial statement
date. The market value of the equity fund at December
31, 1993 is the net asset value of the Fidelity Equity
Income Fund, a collective investment fund, as of the
financial statement date.
In accordance with rules established by the Department
of Labor, amounts recorded in the financial statements
as realized gain or loss on the sale of assets is
determined by comparing the sales proceeds to the market
value of the assets at the beginning of the plan year or
the purchase price, if purchased during the year ("ERISA
Cost").
Repayments of loans by participants are reinvested in
the Savings Plan based upon the participant's current
investment election; therefore, loans are shown as being
a receivable of the Savings Plan rather than a
receivable of a particular investment fund.
Additionally, the Savings Plan recognizes unrealized
appreciation (depreciation) representing the increase (decrease)
in the market value over the prior market value of its investments.
3. INVESTMENTS
Employee contributions to the Savings Plan are invested
as designated by the employee.
On August 16, 1993, Enron effected, in the form of a
stock dividend, a two-for-one common stock split on all
issued stock. The number of shares of Enron common
stock held at December 31, 1992 has been restated to
reflect the effect of the split.
Fixed income investments are provided by deposit
contracts with insurance companies and banks which
provide both a guaranteed annual rate of interest and a
return of principal at cost as long as withdrawals are
in accordance with provisions of the Savings Plan. This
type of contract is frequently referred to as a
"guaranteed investment contract," or "GIC."
Negotiations are on a bid basis generally arranged to
offer maturities averaging three years. At December 31,
1993, the interest rates ranged from 4.55% to 9.28%.
Effective November 23, 1993, assets in the equity fund
are managed by Fidelity Investments, a registered
investment advisor, and are invested in the Fidelity
Equity Income Fund. Prior to November 23, 1993,
investments in the equity fund were managed by Mellon
Capital Management Corporation, a registered investment
advisor, and were invested in the Mellon Fund.
4. TRANSFER OF ASSETS
During February 1993, the assets in the accounts of
former Access Energy Corporation ("Access") employees
were transferred in a direct trust-to-trust transfer
from the Access Energy Corporation 401(k) Savings Plan
to the Savings Plan. This transfer, in the amount of
$1,412,755, was made pursuant to a provision in the
Stock Purchase Agreement between Enron and Access
effecting the purchase of Access by Enron.
5. FEDERAL INCOME TAXES
No provision for Federal income taxes is required since
the Savings Plan is a qualified plan under Section
401(k) and its related trust is tax-exempt under Section
501(a) of the Code. A favorable determination letter,
dated October 16, 1989, was received from the IRS
stating that the restated plan is a qualified plan and
its related trust is tax-exempt.
Enron may deduct for Federal income tax purposes the
amount of its contributions to the Savings Plan, and
neither such contributions to the Savings Plan nor the
income of the funds will be taxable to a participant as
income prior to the time that such participant receives
a distribution thereof from the Savings Plan. A
participant is not taxed on his tax deferred
contributions to the Savings Plan until the participant
receives a distribution thereof from the plan. The
participant's taxability is in accordance with the Code.
Generally, the Code imposes on distributions from the
Savings Plan made to a participant before age 59 1/2,
death, or disability, a penalty tax equal to 10% of the
amount of the distribution that is includable in the
participant's gross income.
6. WITHDRAWALS
When a participant terminates employment with Enron, he
may elect to receive a distribution of the balance in
his account in the form of a cash payment, except that
distributions from the Enron or EOG stock funds may be
in the form of a cash payment or in shares of Enron or
EOG stock.
Plan equity for each of the funds includes certain
amounts related to withdrawals that were requested but
not paid by year-end. Due to administrative changes in
effect at the end of 1993, there are no pending
withdrawals at December 31, 1993. The amounts for 1992
and 1991 are as follows:
<TABLE>
<CAPTION>
1992 1991
<S> <C> <C>
Enron common stock fund $ 886,172 $458,080
Fixed income fund 298,360 228,054
Equity fund 15,187 411
EOG common stock fund 638 2,401
Total $1,200,357 $688,946
</TABLE>
7. TRUSTEE
Northern Trust Company ("Northern") serves as the
Trustee of the Savings Plan. Northern does not receive
any compensation from the Savings Plan. Enron pays all
of the administrative expenses of the Savings Plan.
8. REALIZED APPRECIATION (DEPRECIATION)
A summary of the realized appreciation (depreciation) on
the Enron and EOG common stock funds and the equity fund
transactions is presented below.
<TABLE>
<CAPTION>
Realized
ERISA Appreciation
Proceeds Cost (Depreciation)
<S> <C> <C> <C>
Year Ended December 31, 1993
Enron common stock fund $30,456,091 $25,410,710 $5,045,381
Equity fund 4,315,147 3,162,680 1,152,467
EOG common stock fund 1,072,699 748,439 324,260
$35,843,937 $29,321,829 $6,522,108
Year Ended December 31, 1992
Enron common stock fund $ 4,290,759 $ 3,571,400 $ 719,359
Equity fund 1,756,799 1,717,075 39,724
EOG common stock fund 460,641 320,716 139,925
$ 6,508,199 $ 5,609,191 $ 899,008
Year Ended December 31, 1991
Enron common stock fund $ 4,775,039 $ 4,070,590 $ 704,449
Equity fund 553,324 470,400 82,924
EOG common stock fund 226,220 235,280 (9,060)
$ 5,554,583 $ 4,776,270 $ 778,313
</TABLE>
9. SUBSEQUENT EVENTS
The Plan was amended effective January 1, 1994 primarily
to provide for six additional investment options in the
form of diversified mutual funds and to provide for
daily account valuations as well as daily changes in
contribution percentages, investment choices and
transfers between funds subject to certain limitations.
The investment options available January 1, 1994 are as
follows:
Enron Corp. Stock Fund
Enron Oil & Gas Company Stock Fund
Enron Corp. Income Fund
Fidelity Equity Income Fund
Fidelity OTC Portfolio
Fidelity Balanced Fund
Fidelity Growth and Income Portfolio
Fidelity Magellan Fund
Fidelity Growth Company Fund
Fidelity Overseas Fund
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, members of the Administrative Committee have
duly caused this annual report to be signed by the
undersigned hereunto duly authorized.
ENRON CORP. SAVINGS PLAN
By: James G. Barnhart
James G. Barnhart
Chairman of the Administrative Committee
June 29, 1994
<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation by reference of our report included in this
Annual Report on Form 11-K of the Enron Corp. Savings Plan
into the Company's previously filed Form S-8 Registration
Statement Nos. 33-13397 (Enron Corp. Savings Plan) and 33-
34796 (Enron Corp. Savings Plan) and 33-52261 (Enron Corp.
Savings Plan).
MIR FOX & RODRIGUEZ
Houston, Texas
June 29, 1994
<PAGE>
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation of our report included in this Annual Report
on Form 11-K of the Enron Corp. Savings Plan, into the
Company's previously filed Form S-8 Registration Statement
No. 33-13397 (Enron Corp. Savings Plan), 33-34796 (Enron
Corp. Savings Plan) and 33-52261 (Enron Corp. Savings Plan).
ARTHUR ANDERSEN & CO.
Houston, Texas
June 29, 1994
<PAGE>
<TABLE>
SCHEDULE I
ENRON CORP.
SAVINGS PLAN
SCHEDULE OF ASSETS HELD FOR INVESTMENT
DECEMBER 31, 1993
<CAPTION>
SHARES OR MATURITY INTEREST MARKET
DESCRIPTION PAR VALUE DATE RATE COST VALUE
<S> <C> <C> <C> <C> <C>
COMMON STOCKS:
ENRON CORP. COMMON STOCK 7,861,219 $82,183,527 $227,975,351
ENRON OIL & GAS COMPANY
COMMON STOCK 173,071 4,820,310 6,749,769
FIDELITY EQUITY INCOME FUND 384,880 12,891,904 13,024,384
TOTAL $99,895,741 $247,749,504
FIXED INCOME DEPOSIT CONTRACTS:
CANADA LIFE CONTRACT 12,170,567 1/3/97 4.98% $12,170,567 $ 12,170,567
CNA GIC NO. 12270 2,466,579 6/30/94 9.28% 2,466,579 2,466,579
CNA GIC NO. 12270 3,678,111 6/30/94 9.13% 3,678,111 3,678,111
HARTFORD LIFE INSURANCE CO.,
GA-9496 10,116,667 9/18/95 Floating 10,116,667 10,116,667
LINCOLN NATIONAL GA-9597 14,161,349 3/31/96 4.55% 14,161,349 14,161,349
METROPOLITAN LIFE CONTRACT
NO. 12111 11,039,176 6/30/95 8.51% 11,039,176 11,039,176
PROVIDENT LIFE AND ACCIDENT
INSURANCE CONTRACT 627-5578 6,101,026 12/31/97 5.21% 6,101,026 6,101,026
PROVIDENT NATIONAL ASSURANCE
CO. GIC NO. 027-04652-01A 2,561,370 1/3/94 8.38% 2,561,370 2,561,370
PRUDENTIAL ASSET MANAGEMENT
GROUP CONTRACT - NO.
GA 6538-500 6,850,172 6/30/95 9.21% 6,850,172 6,850,172
PRUDENTIAL ASSET MANAGEMENT
GROUP CONTRACT NO.
GA-6538-501 3,725,605 12/31/96 5.56% 3,725,605 3,725,605
PRUDENTIAL ASSET MANAGEMENT
GROUP CONTRACT NO.
GA-6538-502 4,116,048 12/31/96 5.87% 4,116,048 4,116,048
SUNLIFE OF CANADA INSURANCE
S-00885-G-6-001 14,245,063 6/30/98 5.42% 14,245,063 14,245,063
TOTAL $91,231,733 $ 91,231,733
SHORT-TERM INVESTMENTS:
THE NORTHERN TRUST COMPANY
SHORT-TERM INVESTMENT FUND 19,602,707 $19,602,707 $ 19,602,707
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<TABLE>
SCHEDULE II
ENRON CORP.
SAVINGS PLAN
SCHEDULE OF REPORTABLE SERIES TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1993
<CAPTION>
NUMBER OF PURCHASE SALES
DESCRIPTION TRANSACTIONS PRICE PRICE
<S> <C> <C> <C>
THE NORTHERN TRUST COMPANY
SHORT-TERM INVESTMENT FUND
PURCHASES 301 $99,745,302
SALES 177 $97,312,390 $97,312,390
<FN>
NOTE:THIS SCHEDULE IS A LISTING OF SERIES OF TRANSACTIONS IN THE SAME
SECURITY WHICH EXCEEDED 5% OF THE MARKET VALUE OF PLAN ASSETS HELD ON
JANUARY 1, 1993. THE TRUSTEE INITIATES AND CONSUMMATES ALL INVESTMENT
TRANSACTIONS.
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