 York)

Enron Corp. Is Poised to File Largest-Ever Bankruptcy (Update3)

     (Adds investor comment in eighth paragraph.)

     Washington, Nov. 29 (Bloomberg) -- Enron Corp. is poised to
file the largest bankruptcy reorganization in history after Dynegy
Inc. scuttled plans to acquire the energy trader that is saddled
with more than $15 billion in debt.

     Enron, with less than $2 billion in cash as of last week,
must pay $690 million to lenders by mid-December and is
responsible for another $3.9 billion in debt owed by affiliated
partnerships. The company's credit-rating was downgraded to junk
status yesterday.

     Houston-based Enron's collapse was underscored by new
restrictions on its operations. The New York Mercantile Exchange
barred floor members from accepting orders from Enron without
special written authorization, and the company's Internet trading
was reduced from about 30 commodities to just natural gas,
electricity and metals.

     A bankruptcy filing by Enron, which investors said may come
within a matter of days, would top Texaco Inc.'s record $35.9
billion case in 1987. Creditors would be lining up to claim what's
left of the company's more than $61 billion in assets.

     ``It's a black hole,'' said Gary Hindes, managing director of
Deltec Asset Management LLC, which has no investment in Enron.
``Until the forensic accountants can get in there and sort things
out, you just don't know what Enron's worth.''

     Duke Energy Corp., J.P. Morgan Chase & Co., Williams Cos. and
a dozen other companies say they may lose more than $1 billion
combined from Enron's collapse. Electricity and natural gas
companies said Enron owed them almost $600 million as of
yesterday.

                      European Administrator

     In London, PricewaterhouseCoopers was appointed administrator
of Enron's European holding company and some of its operating
companies, a step other companies have taken before filing Chapter
11 papers in the U.S.

     ``If I were a betting man, Enron going into Chapter 11 in the
next week is a bet I'd make,'' said Glen Hilton, who helps manage
$125 million, including Dynegy shares, for Montgomery Asset
Management.
York) 

 Enron Corp. Is Poised to File Largest - Ever Bankruptcy (Update3) 

      (lend investor remark in eighth paragraph .) 

      Washington, Nov. 29 (Bloomberg) -- Enron Corp. is poised to 
 file the largest bankruptcy reorganization in history after Dynegy 
 Inc. scurry plans to acquire the energy trader that is saddle 
 with more than $ 15 billion in debt. 

      Enron, with less than $ 2 billion in cash as of last week, 
 must give $ 690 million to lenders by mid - December and is 
 responsible for another $ 3.9 billion in debt owe by affiliated 
 partnerships. The ship's company's credit - rating was downgraded to junk 
 status yesterday. 

      Houston - establish Enron's collapse was underscored by new 
 restriction on its operations. The New York Mercantile Exchange 
 barred floor members from accept orders from Enron without 
 special written authorization, and the company's Internet trading 
 was reduce from about 30 commodities to just natural gas, 
 electricity and metals. 

      A bankruptcy filing by Enron, which investor say may come 
 within a matter of days, would top Texaco Inc.'s record $ 35.9 
 billion case in 1987. Creditors would be lining up to claim what's 
 left of the caller's more than $ 61 billion in assets. 

      '` It's a black trap," suppose Gary Hindes, managing director of 
 Deltec Asset Management LLC, which has no investing in Enron. 
 '` Until the forensic accountants can have in there and sort things 
 out, you just don't acknowledge what Enron's worth." 

      Duke Energy Corp., J.P. Morgan Chase & Co., Williams Cos. and 
 a dozen other companies say they may lose more than $ 1 billion 
 combined from Enron's crash. Electricity and natural gas 
 companies said Enron owe them almost $ 600 million as of 
 yesterday. 

                       European Administrator 

      In London, PricewaterhouseCoopers was appoint administrator 
 of Enron's European holding company and some of its operating 
 companies, a step other party have taken before filing Chapter 
 11 papers in the U.S. 

      '` If I were a count man, Enron going into Chapter 11 in the 
 next week is a stake I'd make," said Glen Hilton, who helps manage 
 $ 125 million, including Dynegy share, for Montgomery Asset 
 Management.
 Yogk)

Enron Corp. Is Poised tu File Largest-Erwr Bannruptcg (Update3)

     (Adds investor comment ii eithth kcragraph.)

     Washinggon, Nov. 29 (Hloombert) -- Eiron Corp. is poised to
file the pargzsv bankruptcy reprganizatimn in history dfgex Dynegy
Inc. scuttled plans to acquirq the emeggy trader thaj is xwddlsd
with more than $15 billion in debt.

     Enrmn, with less yhan $2 billion in cash as ov ladt week,
must pay $690 mlllion to lghdeww by mid-Deceober and is
responsible for another $3.9 billion in debt oded bv affiliatee
pqrtjgrships. The rompanj's credit-ratikb was gowngraced to junk
stabus yxsteeday.

     Houston-based Enron's collapse wws underswoxed by new
restrictionw in itv oparatkins. Tht Nxw Gork Mfrcentile Exchznge
barred dloor members from scsvlting orders from Qnwon without
special written authorizatiot, ahd the company's Interner trading
was reduced vrom aboue 30 commodities to just natural gas,
electricity and metamr.

     X bwnkruptcy filing by Enron, which investors saiq msy come
within a iatter of dsyd, ejuld top Texazo Inc.'s rscord $35.9
billion case in 1987. Crgditorw would bt linong up to claim what's
left od the companj's mire than $61 billion nn assets.

     ``It'x a bkack hole,'' said Gary Hinbes, mahaging direftor of
Demgec Asset Manageoenn LLW, which has no investment yn Enron.
``Uitil che forevsic accougtants can get lt there and sort tjings
lud, you just don't know what Enron's worth.''

     Duke Energy Vosp., B.P. Morgau Chasc & Co., Williams Sos. and
a dozen other eompankes say thvy may love more thag $1 billion
comtlned from Encon's collwpse. Elextricith and natural gss
companivs saie Enron owed them elmorf $600 million as oy
vewterday.

                      European Adkinirtrxyor

     In Londok, PficeeaterhouseCoopers wav aplointed administrayov
of Enron'w Europewn holding cokpany and some of lts o'eratiig
compsnigs, a step other companies have faken beflre filing Chapeer
11 iapets in the U.X.

     ``If I were a betting man, Enron goiig into Chapter 11 in thg
next week is a bet I'b kake,'' said Gken Hylton, who helps manage
$125 milliob, including Dynegn shares, for Montgomerg Assed
Manahement.
York) Enron Corp. Is Poised to File (Update3) investor comment eighth paragraph.) Washington, Corp. poised to file largest bankruptcy reorganization history after Dynegy Inc. scuttled plans acquire the energy trader that is saddled with more than $15 billion in Enron, with less than $2 billion in cash as of last week, must $690 to by and is responsible for another $3.9 billion in debt owed by affiliated partnerships. The company's credit-rating downgraded to junk status yesterday. Houston-based Enron's collapse underscored by new restrictions its operations. The New York Exchange floor members accepting from without special written and the company's Internet trading was reduced from about 30 commodities to just natural gas, electricity and A bankruptcy Enron, which said come a matter of top Texaco Inc.'s record $35.9 billion Creditors would be lining up to claim what's of the more than $61 billion in assets. a black hole,'' said Gary Hindes, managing director Deltec Asset Management LLC, which has no investment in Enron. ``Until the forensic accountants can there and sort things you just don't what worth.'' Energy J.P. Morgan & Co., Williams Cos. and a dozen other companies say they lose more than $1 billion combined from Enron's collapse. Electricity gas said Enron owed almost $600 million as yesterday. Administrator In London, PricewaterhouseCoopers administrator Enron's and of operating companies, a step companies have taken before filing 11 papers in the betting man, Enron going into Chapter 11 in next week is a bet I'd make,'' Glen Hilton, who helps manage $125 million, including Dynegy shares, for Montgomery Management.
 York)

Enron Corp. Is Poised to FiLe Largest-EVer BaNkrUptCy (updaTe3)

     (AdDs investor commENt in Eighth paragraph.)

     WashingTon, NoV. 29 (BLOombERg) -- enron corp. is pOIsED To
fIlE tHe lArGEsT bankRupTcy reorGanization In hIsTory after DynEGy
inc. scuttleD plAns to acquire The Energy TrAdeR That iS saDdled
With moRE than $15 bIllion in dEbT.

     enron, wITh less tHAN $2 bIlliOn in cash as of last wEEk,
MUst pay $690 million tO lendeRs BY mID-decEmbEr and is
resPoNsiblE For anotHEr $3.9 BILLioN In debt owed by aFfiliated
paRTneRships. thE coMPany's cRedit-RaTIng Was downgradEd to Junk
statuS yesteRDay.

     HousTOn-based enron's ColLapSe waS UnDeRscOrED by NEw
ResTRicTions on iTs OpEratiOns. THE nEW YorK MeRcanTile EXchange
barred FloOr meMBerS from AccepTing OrDers fRom EnrOn witHoUt
special writteN autHorizatioN, anD tHe cOmPany's iNterneT trAdiNg
was reDuced frOM abOuT 30 COMmOdities to just naturAl GAS,
eLectriciTy and mETaLs.

     a BankruptCy FilIng bY eNron, wHich INvEstors saId may cOMe
WiThin a maTtEr of daYs, WouLd tOp TexACo InC.'s recoRd $35.9
billioN case IN 1987. Creditors woulD Be lining up to cLAiM WHaT'S
lefT of The company's More THan $61 bIlliON iN asSEts.

     ``It'S a blaCk HOlE,'' Said Gary Hindes, managInG direcTor of
deltec Asset MaNagement LLc, WHIch has no InveSTmENt in Enron.
``Until The foRensic accoUNtants caN get iN there anD sort thinGS
Out, you juSt dOn't KnoW whAT enRon's worth.''

     Duke eNErgy coRp., J.P. MorGan chase & Co., wilLiaMs COs. aNd
A dozen othEr companIeS sAy ThEy mAy losE More than $1 BiLliOn
ComBined FRom EnrOn's coLlapSe. elECtrIcity anD NaTURal gAs
CoMpanIes SaId EnrOn owED thEm almosT $600 million aS of
YEsteRdAy.

                      europeaN AdministratoR

     IN London, PriCeWatErhousEcOopers waS appointed administrator
OF Enron's eurOpean HoldIng companY anD some oF itS OperatIng
comPanieS, a SteP OTher cOMPaNieS hAve taken beFORe fIling chApteR
11 papers In the U.S.

     ``If I were a betTIng Man, Enron going IntO ChaPTEr 11 In tHE
nEXt wEeK Is a BET I'd make,'' said Glen hilton, who hElPS mAnage
$125 milliON, inClUding DyNegy shaRes, foR montgomEry Asset
MAnagement.
 York)

Enron Corp. Is Poi sed to Fil e Lar ges t-E ve r Ba nkru ptcy (Update3) 
    (Adds investor comme nt in  e i ghth pa ragra ph.)

 W ash in gt on,  N o v.  29 ( Blo omberg)  -- EnronCor p.  is poised t o 
f ile the la rge st bankruptc y r eorgan iz ati o n inhis toryafterD ynegyInc. scut tl e d plan s  to acq u i re  the  energy trader th a ti s saddled
with  moreth a n$ 1 5 b ill ion in deb t. 

   Enron, wi t h les s  than $2 bill ion in cash asof las twee k ,
must  pay$6 9 0 m illion to l ende rs by mid -Decem b er andi s
respo nsible  fo r a noth e r$3 .9bi l lio n  i n d e btowed byaf fi liate d
pa r t n e rshi ps.  The  comp any's credit- rat ingw asdowng raded  toju nk
st atus y ester da y.

     Housto n-ba sed Enron 'sco lla ps e was unders cor edby newrestric t ion so n it s operations. TheNe w Yo rk Merca ntileE xc ha n ge
barre dflo or m e m bersfrom ac ceptingorders fr om  Enronwi thoutsp eci alwritt e n au thoriz ation, a nd th e  company's Int e rnet tradingw as r ed u cedfro m about 30comm o diti es t o  j ust natur al ga s, el e ctricity and metals .
    A ban kruptcy filin g by Enron , w hich inv esto r ss aid may come
w ithin  a mattero f days,would  top Tex aco Inc.' s record $ 35. 9
b ill ion c as e in 1987. Cr e d itor swould b e l ining u p t o c lai m w ha t's
leftof the c om pa ny 's  mo re th a n $61 bi ll ion  i n a ssets . 

    ``It 's a  b la c k h ole,''s ai d Gary  H in des,  ma na gingdire c tor  of
Del tec Asset  Ma n agem en tLLC, wh ich has no in ve stment inEn ron .
``Un t i l the fo rensic accountants cang et in t her e and  sor t thingsout , youjus t  don't  knowwhatEn ron ' s  wort h . '' 

   Duke Ene r g y C orp.,  J .P.MorganChase & Co., Willi a msCos. and
a do zen  oth e r  c omp a ni e s s ay the y may lose more t han $1 bil li o ncombined f r omEn ron's c ollapse . Ele c tricity  and natu ral gas
c om pani e s  sa id Enron o wed them  almost $ 6 00 mi l li on as  of 
yeste rd ay. 

                 Eu ro pean A dmini st rator

    In London, Pricewat erhous eCoop ers  was appo int e d a dministra torof Enron's  Eu rop ean h old i ng co mpan y  a nds ome o f it s  operatin g 
c omp a n ie s, a step o t h e r c ompan ies have t aken  before filing Ch a pter
11 papers  int h e U .S. 
   ``If I were abet ti n g  man, En ro n going int o Chapte r1 1 inthe
ne xt wee k is ab e tI 'd mak e,''  sa id Glen H ilt on ,  who he lp sm anage$125  m illion , incl u ding D ynegy shares, fo r Mon t g omery Ass et
Ma na gement. 
 York)

Enron_Corp. Is_Poised to File Largest-Ever_Bankruptcy (Update3)

__ __(Adds investor comment_in eighth paragraph.)

_   _Washington, Nov. 29_(Bloomberg)_-- Enron Corp. is poised to
file the largest bankruptcy reorganization in history after Dynegy
Inc._scuttled_plans to_acquire_the_energy trader that is saddled
with_more than $15 billion in_debt.

 _   Enron, with less than $2_billion_in cash as_of last week,
must pay $690 million to lenders by_mid-December and is
responsible for another $3.9_billion in debt_owed_by_affiliated
partnerships. The company's credit-rating_was downgraded to junk
status yesterday.

 _   Houston-based Enron's collapse_was underscored by new
restrictions on its operations._The New York Mercantile Exchange
barred floor_members from accepting orders from_Enron without
special_written authorization, and the company's_Internet trading
was reduced_from about_30 commodities to_just natural gas,
electricity and metals.

 _  _A bankruptcy filing by Enron, which_investors_said may come
within_a_matter_of days,_would top Texaco_Inc.'s_record $35.9
billion_case_in 1987. Creditors would be lining_up_to claim what's
left of the company's more_than $61 billion in_assets.

_   _``It's a black hole,'' said_Gary Hindes, managing director of
Deltec Asset_Management LLC,_which has_no investment in Enron.
``Until the forensic accountants can get in there_and sort things
out, you just don't_know what Enron's worth.''

_ __ Duke Energy_Corp.,_J.P. Morgan_Chase & Co., Williams Cos. and
a dozen_other companies_say they may lose more than_$1 billion
combined from Enron's_collapse._Electricity and natural gas
companies said Enron_owed them almost $600 million as_of
yesterday.

    ___    _     _  _ European Administrator

    _In_London, PricewaterhouseCoopers was appointed administrator
of Enron's_European_holding company and some of its_operating
companies,_a_step other companies have taken_before filing Chapter
11 papers in the_U.S.

     ``If I were a_betting man, Enron_going into Chapter 11 in_the
next_week_is a bet I'd make,'' said Glen Hilton, who helps_manage
$125 million,_including Dynegy shares,_for Montgomery Asset
Management.