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KAPLAN FOX SEEKS TO RECOVER
LOSSES FOR INVESTORS WHO PURCHASED
ENRON CORP. COMMON STOCK

NEW YORK - October 24, 2001- Kaplan Fox (KaplanFox.com) has filed a class action against Enron Corp. and certain of the Company's officers and directors in the United States District Court for the Southern District of Texas. The suit is brought on behalf of all persons or entities who purchased the common stock of Enron Corporation ("Enron") (NYSE: ENE) between January 18, 2000 and October 17, 2001, inclusive (the "Class Period").

The complaint charges Enron Corp. and certain of its officers and directors with violations of the Securities Exchange Act of 1934. The complaint alleges that during the Class Period, defendants engaged in asset and securities sales to closely related affiliates and interested parties, which disguised Enron's true financial position. Many of the details of these transactions were hidden from the public. Defendants used these asset sales to falsely improve Enron's balance sheet, thereby maintaining Enron shares at an artificially inflated price. Certain Enron executives, who held positions in the affiliates that presented clear conflicts of interest, reaped millions of dollars in personal gains from these transactions.

The complaint further alleges that during the Class Period, Defendants made misleading statements regarding the potential value of Enron's Broadband business, in order to artificially boost Enron's share price. With knowledge that Enron's Broadband business would never post a profit and was seriously overvalued, Defendants continued to make misleading statements about the Broadband business in order to maintain the share price at its artificially inflated levels. Defendants used the artificially inflated value of Enron's Broadband business to hedge against, in order to gain millions of dollars in financing. Defendants failed to disclose the risk of these financing arrangements. Defendants hid the true nature of Enron's earnings, its hedging, its businesses, and the correct state of Enron's finances from its investors and the market, further artificially inflating Enron's share price. While the stock was artificially inflated for the above reasons, Enron executives engaged in extensive insider trading, gaining personal proceeds of approximately $482 million during the Class Period, before the public became aware of the above practices.

Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Chicago and New Jersey has many years of experience in prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.KaplanFox.com.

If you are a member of the Class, you may move the court no later than December 21, 2001 to serve as a lead plaintiff for the Class. In order to serve as a lead plaintiff, you must meet certain legal requirements.

If you have any questions about this Notice, the action, your rights, or your interests, please e-mail us at mail@KaplanFox.com or contact:

Frederic S. Fox, Esq.
Kaplan Fox & Kilsheimer LLP
805 Third Avenue - 22nd Floor
New York, NY 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail address: mail@KaplanFox.com

Laurence D. King, Esq.
Kaplan Fox & Kilsheimer LLP
100 Pine Street, 26th Floor
San Francisco, CA 94111
(415) 336-1238
Fax: (415) 677-1233
E-mail address: mail@KaplanFox.com

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