UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549




                                    FORM 8-K



                                 CURRENT REPORT



                         Pursuant to Section 13 or 15(d)
                     of the Securities Exchange Act of 1934



                        Date of Report: February 2, 2001



                         Commission File Number 1-14323




                        ENTERPRISE PRODUCTS PARTNERS L.P.
             (Exact name of registrant as specified in its charter)




                DELAWARE                              76-0568219
(State or other jurisdiction of              (I.R.S. Employer Identification
     incorporation or organization)                      Number)



         2727 North Loop West
          Houston, Texas                                77008
   (Address of principal executive                    (Zip Code)
               offices)



                                 (713) 880-6500
              (Registrant's telephone number, including area code)






Item 5.  OTHER EVENTS

         The Company  published a press release  relating to fourth quarter 2000
and fiscal 2000  earnings on January 30, 2001.  The text of the release is filed
as exhibit 99.1 to this current report.


Item 7.  FINANCIAL STATEMENTS AND EXHIBITS

(a)      Financial statements of business acquired.

              Not applicable.

(b)      Pro forma financial information.

              Not applicable.

(c)      Exhibits.

99.1     Press Release dated January 30, 2001.




                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                ENTERPRISE PRODUCTS PARTNERS L.P.

                                By:   Enterprise Products GP, LLC,
                                      its general partner




Date:  February 2, 2001         By:   /s/ Michael J. Knesek
                                      ------------------------------------------
                                      Michael J. Knesek
                                      Vice President, Controller, and
                                      Principal Accounting Officer of
                                      Enterprise Products GP, LLC





EXHIBIT 99.1

  Enterprise Reports Record Full-Year 2000 Earnings of $2.64 Per Diluted Unit;
                Fourth Quarter Earnings of $0.65 Per Diluted Unit

         Houston,  Texas  (Tuesday,  January  30,  2001) -  Enterprise  Products
Partners L.P. (NYSE: "EPD") today announced increased earnings and cash flow for
the full-year and fourth  quarter  ending  December 31, 2000.  For the full-year
2000,  Enterprise  reported an 83% increase in net income to $220.5 million,  or
$2.64 per unit on a fully  diluted  basis,  from  full-year  1999 net  income of
$120.3 million, or $1.64 per unit.

         Cash flow for the  full-year of 2000  increased by 75 percent to $292.9
million  from $167.7  million in 1999.  For 2000,  this equates to $4.32 of cash
flow per unit  based on the  weighted  average  common  and  subordinated  units
outstanding,  which  provides 206 percent  coverage of the cash  distributed  to
unitholders for 2000. The 16.5 million Special Units  outstanding do not receive
cash  distributions  until their conversion into common units, which occurs over
the next three years.  The cash flow  generated  during 2000 would have provided
166 percent coverage of the distribution  requirement had the Special Units been
eligible to participate in the distributions.

         Net income for the fourth quarter increased to $55.2 million,  or $0.65
per unit on a fully diluted basis. This compares to net income of $54.3 million,
or $0.66 per unit,  for the fourth  quarter of 1999. The average number of units
outstanding,  on a fully diluted basis,  for the fourth quarter of 2000 was 84.2
million, versus 81.2 million for the same quarter of 1999.

         Enterprise  generated  $80.7  million  of cash flow  during  the fourth
quarter  of 2000,  or $1.19 per  common  and  subordinated  unit,  a 27  percent
increase  versus  $63.6  million of cash flow earned  during the same quarter of
1999.  This  provided  216 percent  coverage  for the  recently  increased  cash
distribution  rate of $0.55 per unit. The cash flow generated  during the fourth
quarter of 2000 would have  provided  171 percent  coverage of the  distribution
requirement   had  the  Special  Units  been  eligible  to  participate  in  the
distribution.

         "We are extremely proud of our financial  performance  during 2000. The
growth of our net income and cash flow is due to our focused, high-quality asset
base and business  expansion over the past eighteen months,  which has benefited
from a strong  demand for NGLs.  Our public  partners had an excellent  year, as
Enterprise's partnership units returned approximately 81 percent in appreciation
and cash  distributions  for the entire year of 2000," stated O.S. "Dub" Andras,
President and Chief Executive Officer of Enterprise.

         "During 2000, we invested approximately $240 million in fee-based,  NGL
and propylene pipelines and related facilities.  We broadened our base of assets
on the Gulf Coast to include  natural gas pipelines with the recent  purchase of
interests in five  natural gas  pipeline  systems in the Gulf of Mexico for $112
million  and our  agreement  to  acquire  Acadian  Gas,  LLC for  $226  million.
Including  the  Acadian  acquisition,  which is  expected  to close in the first
quarter of 2001,  Enterprise  will have  invested over $1.2 billion in midstream
energy assets since our IPO in 1998," continued Andras.

         "One of our latest  fee-based  investments,  the Lou-Tex NGL  pipeline,
which links major NGL markets in Louisiana  and Texas,  commenced  operations in
late-November and has immediately  contributed  earnings and cash flow at levels
which have surpassed our  expectations.  The growth of our fee-based  businesses
has enabled us to achieve our goal of increasing our cash  distribution  rate to
partners by 10 percent per year. We have accomplished this goal both in 1999 and
2000," stated Andras.

         "The  combination of strong cash flows and a solid  financial  position
provides us with significant  financial flexibility in pursuing our objective of
growing  our asset  base by $300  million  per year  while  maintaining  a solid
investment  grade  balance  sheet.  During 2000,  excluding  cash  provided from
changes in working capital,  we generated  approximately $290 million of cash of
which we have  reinvested over $150 million back into the company for growth and
debt reduction.  At the end of the year, net debt to total capitalization was 27
percent after adjusting for $58 million of cash on hand," stated Andras.

         "I am  particularly  pleased in our financial  performance  despite the
challenges  brought by the unprecedented  level of natural gas prices during the
fourth quarter that has extended into January. As the result of these prices, we



have seen a reduction in NGL volumes  produced at natural gas processing  plants
and serviced by our pipeline and fractionation facilities.  This has resulted in
regional  supply  imbalances of NGLs.  Our integrated NGL system has provided us
opportunities  to service this  marketplace  which has helped to thus far reduce
the negative effect of higher natural gas prices," stated Andras.

         For the full-year,  total revenues exceeded $3.0 billion, a 128 percent
increase  from $1.3  billion in 1999.  Revenues  for the fourth  quarter of 2000
increased  73 percent  to $993.5  million  from  $575.1  million  for the fourth
quarter of 1999.  Gross margin for the full-year of 2000 increased 79 percent to
$320.6  compared  to $179.2  million  in 1999.  For the  fourth  quarter,  gross
operating  margin  increased 15 percent to $83.1  million  versus $72.3  million
during the same period in 1999.

         Fractionation  - For the fourth  quarter of 2000,  Fractionation  gross
operating  margin was $32.9  million  compared  to $31.5  million  in 1999.  NGL
fractionation  volumes  for the current  quarter  were  207,000  barrels per day
("BPD") versus 206,000 BPD last year. Net propylene  fractionation  volumes were
level at  31,000  BPD as  customers  elected  to  reduce  production  to  reduce
inventory levels at year-end.  Butane isomerization  volumes decreased to 64,000
BPD from 76,000 BPD in the prior year due to seasonal fluctuations in the demand
for octane enhancement in motor gasoline.

         Pipelines - Pipelines' gross margin in the current quarter increased 10
percent to $17.0 million from $15.4 million in the fourth  quarter of 1999.  The
margin  improvement was due to a 17 percent increase in net pipeline  throughput
to 374,000 BPD from  319,000 BPD in the same period of 1999.  The  increases  in
margin and volume are due to volumes  associated with the Lou-Tex  Propylene and
the Lou-Tex NGL pipelines.

         Processing - For the fourth quarter of 2000, Processing generated gross
operating  margin  of $35.1  million  compared  to $21.8  million  in 1999.  The
Processing segment includes Enterprise's natural gas processing business and its
related merchant  activities.  Enterprise's equity NGL production was 72,000 BPD
for the current quarter versus 68,000 BPD last year.

         Today, Enterprise will host a conference call that will further discuss
fourth  quarter  earnings.  The call will be broadcast live over the Internet at
10:00 a.m.  EST. at  http://www.epplp.com.  To access the webcast,  participants
should visit the "Presentation" section, which is accessed through the "Investor
Information"  button on the home page of the website,  at least fifteen  minutes
prior to the start of the conference  call to download and install any necessary
audio software.

         Several  adjustments to net income are required to calculate cash flow.
These  adjustments  include  the  addition  of (1)  non-cash  expenses  such  as
depreciation  and  amortization  expense;  (2)  lease  expenses  for  which  the
partnership  does not have the payment  obligation;  (3)  principal  payments on
notes  receivable  held by the  company;  (4)  actual  cash  distributions  from
unconsolidated   affiliates  as  compared  to  book  earnings,   and  (5)  other
miscellaneous adjustments, less maintenance capital expenditures.

         Gross operating margin represents operating income before depreciation,
amortization,  lease  expense  for which  Enterprise  does not have the  payment
obligation,  general  and  administrative  expenses  and gain or loss on sale of
assets. Enterprise's equity earnings from unconsolidated affiliates are included
in gross margin.

         Enterprise  Products  Partners  L.P.  is the  second  largest  publicly
traded,  midstream energy  partnership with an enterprise value of approximately
$3.0  billion.  Enterprise  is a  leading  integrated  provider  of  processing,
fractionation,  storage,  transportation and terminalling  services to producers
and consumers of natural gas liquids ("NGLs") and other liquid hydrocarbons. The
Company's  assets are  geographically  focused on the United States' Gulf Coast,
which  accounts for  approximately  55 percent of domestic 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.  Please refer



to the Company's latest filings with the Securities and Exchange  Commission for
a list of factors that may cause actual results to differ  materially from those
in the forward-looking statements contained in this press release.

Contact:  Randy Fowler,  Treasurer,  Enterprise  Products  Partners  L.P.  (713)
880-6694, www.epplp.com -------------




Enterprise Products Partners L.P.
Statement of Consolidated Operations - UNAUDITED
For the Three Months and Twelve  Months  Ended  December 31, 2000 and 1999
($ in 000s, except per unit amounts)
For the three months ended For the twelve months ended ----------------------------------- ------------------------------------ December 31, December 31, December 31, December 31, 2000 1999 2000 1999 ---------------- ----------------- ----------------- ----------------- Revenue Revenue from consolidated operations $ 992,713 $ 569,186 $3,049,020 $1,332,979 Equity in income of unconsolidated affiliates 829 5,886 24,119 13,477 ---------------- ----------------- ----------------- ----------------- Total Revenue 993,542 575,072 3,073,139 1,346,456 Costs and Expenses: Operating costs and expenses 922,827 512,628 2,801,060 1,201,605 Selling, general and administrative 8,325 3,300 28,345 12,500 ---------------- ----------------- ----------------- ----------------- Total Costs and Expenses 931,152 515,928 2,829,405 1,214,105 ---------------- ----------------- ----------------- ----------------- Operating Income 62,390 59,144 243,734 132,351 Other Income (Expense): Interest expense (9,999) (7,532) (33,329) (16,439) Interest income from unconsolidated affiliates 1,605 571 1,787 1,667 Dividend income from unconsolidated affiliates 855 3,435 7,091 3,435 Interest income - other 725 (228) 3,748 886 Other, net 224 (496) (272) (379) ---------------- ----------------- ----------------- ----------------- Total Other Income (Expense) (6,590) (4,250) (20,975) (10,830) ---------------- ----------------- ----------------- ----------------- Income before minority interest 55,800 54,894 222,759 121,521 Minority interest (564) (554) (2,253) (1,226) ---------------- ----------------- ----------------- ----------------- Net income $ 55,236 $ 54,340 $ 220,506 $ 120,295 ================ ================= ================= ================= Allocation of Net Income to: Limited partners $ 54,486 $ 53,797 $ 217,909 $ 119,092 ================ ================= ================= ================= General partner $ 750 $ 543 $ 2,597 $ 1,203 ================ ================= ================= ================= Per Unit data (Fully Diluted): Net income per Common, Subordinated & Special Units $ 0.65 $ 0.66 $ 2.64 $ 1.64 ================ ================= ================= ================= Average LP Common, Subordinated & Special Units Outstanding (000s) 84,174.3 81,195.6 82,443.6 72,788.5 Other Financial data: Depreciation and Amortization $ 13,064 $ 8,035 $ 41,016 $ 25,315 Leases paid by EPCO $ 2,660 $ 2,580 $ 10,644 $ 10,557 Collection of notes receivable from unconsolidated affiliates $ - $ 3,260 $ 6,519 $ 19,979 Distributions received from unconsolidated affiliates $ 11,270 $ 1,401 $ 37,267 $ 6,008 Maintenance capital expenditures $ 1,219 $ 774 $ 3,546 $ 2,440 Total Capital Expenditures $ 43,916 $ 10,631 $ 244,073 $ 21,234 Investments in and advances to (from) unconsolidated affiliates $ 29,188 $ 3,427 $ 31,495 $ 61,887 Inventory balance at end of period $ 93,222 $ 39,907 $ 93,222 $ 39,907 Total Debt balance at end of period $ 404,000 $ 295,000 $ 404,000 $ 295,000
Enterprise Products Partners L.P. Operating Data - UNAUDITED For the Three Months and Twelve Months Ended December 31, 2000 and 1999
For the three months ended For the twelve months ended ---------------------------------- --------------------------------- December 31, December 31, December 31, December 31, 2000 1999 2000 1999 ---------------------------------- --------------------------------- Gross Operating Margin by Segment ($000s): Fractionation $ 32,944 $ 31,469 $ 129,376 $ 110,424 Pipeline 16,980 15,359 56,099 31,195 Processing 35,117 21,808 122,240 28,485 Octane Enhancement (2,595) 3,427 10,407 8,183 Other 638 257 2,493 908 ---------------------------------- --------------------------------- Total Gross Operating Margin $ 83,084 $ 72,320 $ 320,615 $ 179,195 Depreciation and amortization 9,715 7,296 35,622 23,664 Retained Lease Expense, net 2,660 2,580 10,644 10,557 (Gain) loss on sale of assets (6) - 2,270 123 General and Administrative Expense 8,325 3,300 28,345 12,500 ---------------------------------- --------------------------------- Operating Income $ 62,390 $ 59,144 $ 243,734 $ 132,351 ================================== ================================= Operating Data (000s of barrels/day, Net): Equity NGL Production 72 68 72 67 NGL Fractionation 207 206 213 184 Isomerization 64 76 74 74 Propylene Fractionation 31 31 33 28 Octane Enhancement 4 5 5 5 Major Pipelines 374 319 367 264 Average Commodity Prices: - ------------------------- Henry Hub Natural Gas ($/MMBtu) $ 6.44 $ 2.43 $ 4.31 $ 2.26 Gulf Coast Crude Oil ($/barrel) $ 31.92 $ 24.56 $ 30.32 $ 19.29 Mont Belvieu Natural Gas Liquids ($/gallon) $ 0.61 $ 0.41 $ 0.53 $ 0.31