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PANHANDLE EASTERN CORPORATION ANNOUNCES NEW DIRECTOR

 HOUSTON, April 28 /PRNewswire/ -- Panhandle Eastern Corporation today announced that Houston businessman Milton Carroll was elected to the board of directors.
 Carroll is chairman, president and chief executive officer of Instrument Products, Inc., a company he founded in 1977, which manufactures oil-field tools and other precision products.
 He currently serves as a member of the board of the Port of Houston Authority; Houston Endowment, Inc.; the Federal Reserve Bank of Dallas; the Greater Houston Partnership; Houston Industries, Inc.; and Houston Lighting and Power Company.
 Carroll previously has served as chairman of Texas Southern University's Board of Regents and as a member of the board of WKBW-TV in Buffalo, N.Y.
 He received a bachelor of science degree in 1973 from Texas Southern University.
 Carroll replaces Richard L. O'Shields, who is retiring from the board after serving as a director since 1969.
 The stockholders of Panhandle Eastern re-elected three directors to three-year terms. These incumbent members are: Robert Cizik, chairman of the board and chief executive officer of Cooper Industries, Inc.; Harold S. Hook, chairman and chief executive officer of American General Corporation; and Leo E. Linbeck, Jr., chairman, president and chief executive officer of Linbeck Construction Corporation, Houston.
 Panhandle Eastern's board is made up of three inside and 11 outside directors.
 Panhandle Eastern Corporation operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas transportation and related services to the Midwest and Northeast markets.
 -0- 4/28/93
 /CONTACT: John P. Barnett, media relations, 713-627-4072, Brad Porlier, investor relations, 713-627-4600 or 800-347-3636, both of Panhandle Eastern Corporation/
 (PEL)


CO: Panhandle Eastern Corporation ST: Texas IN: OIL SU: PER

SM -- NY104 -- 2243 04/28/93 16:16 EDT
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Publication:PR Newswire
Date:Apr 28, 1993
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