Enterprise Products Partners L.P.

News Release

Enterprise Sells $350 Million of 5-Year Notes

HOUSTON--(BUSINESS WIRE)--March 13, 2000--Enterprise Products Partners L.P. (NYSE:EPD) announced that its operating subsidiary, Enterprise Products Operating L.P., has completed the sale of $350 million of 5-year notes to the public. Proceeds from the offering will be used to repay outstanding indebtedness under the Company's bank credit facilities.

The 5-year notes have a maturity date of March 15, 2005 and bear a fixed-rate interest coupon of 8.25 percent. The issue price of the notes was $99.948 to yield 8.263 percent. The notes are subject to a make-whole redemption right by Enterprise.

The notes are senior unsecured obligations which were rated investment grade by Standard and Poor's (BBB) and Moody's Investors Service (Baa3). The notes are guaranteed by Enterprise Products Partners L.P. through an unsecured and unsubordinated guarantee.

Settlement will be completed on March 15, 2000. This offering of notes was a takedown under the Company's $800 million universal shelf registration filed with Securities and Exchange Commission. Therefore, the amount of securities available under the universal shelf is reduced to $450 million.

Chase Securities Inc. (sole book runner) and Lehman Brothers acted as co-lead managers for the offering. The underwriting group included Banc One Capital Markets Inc., FleetBoston Robertson Stephens, First Union Securities Inc., Scotia Capital (USA) Inc. and SG Cowen.

Enterprise Products Partners L.P., is one of the leading midstream energy service companies in North America, providing processing, fractionation, transportation and storage services to producers of NGLs and consumers of NGL products.

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.

    CONTACT: Enterprise Products Partners L.P., Houston 
             Randy Fowler, 713/880-6694