Enterprise Declares Cash Distribution of $0.55 per Unit; Invites Investors to First Quarter Conference Call.

Business/Energy Editors

HOUSTON--(BUSINESS WIRE)--April 16, 2001

Enterprise Products Partners L.P. (NYSE:EPD) declared its regular quarterly cash distribution of $0.55 per common and subordinated partnership unit. The distribution will be paid on May 10, 2001 to unitholders of record at the close of business on April 30, 2001.

Enterprise will announce its earnings for the first quarter of 2001 on Monday, April 30, 2001 before the New York Stock Exchange opens. Following the announcement, Enterprise will host a conference call that will discuss first quarter earnings. The call will be broadcast live over the Internet on April 30, 2001 at 10:30 a.m. EST at http://www.epplp.com. O.S. "Dub" Andras, president and chief executive officer of Enterprise will lead the call.

To access the webcast, participants should visit the "Investor Information" section of the website at least fifteen minutes prior to the start of the conference call to download and install any necessary audio software. A replay of the webcast will be available for one week and can be accessed one hour after the call.

Enterprise Products Partners L.P. is the second largest publicly traded, midstream energy partnership with an enterprise value of approximately $3.6 billion. Enterprise is a leading provider of midstream energy services to producers and consumers of natural gas and natural gas liquids ("NGLs"). The Company's services include natural gas transportation, processing and storage and NGL fractionation (or separation), transportation, storage and import/export terminalling. The Company's assets are geographically focused on the United States' Gulf Coast, which accounts for approximately 55 percent of both domestic natural gas and NGL production and 75 percent of domestic NGL demand.

This press release includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 based on the beliefs of the company, as well as assumptions made by, and information currently available to, management. Although Enterprise believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.