WINTER 2001

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CONTENTS

Dean's Welcome

Around the School

Astros Owner Opens the Fall Season of Dean's Lectures

MBA Students Lead MBA Jungle Portfolio Management Contest

Jones Partners Golf Tournament

El Paso Energy Donates $2.5 Million to the Jones School

Enron and Lay Family Give $8 Million

Enthusiastic Students Organize Student Clubs

Jones School Welcomes Murray Weidenbaum as Visiting Scholar

Maya Houston (MBA '99) Is New Director of Development

GWIB Means Business: Rice Graduate Women in Business Off to a Strong Start

Action Learning Program

ExxonMobil Donation to Benefit Academic Programs

Keep Your Eye on the Rice Alliance

Features

First Annual MBA Marketing Case Competition Puts Jones School on the Map

David Ikenberry: A Testament to Teaching Excellence

Jim Turley, Chairman-Elect of Ernst&Young -- His Community Has Become the Entire Globe

Diary of an MBA: A First-Year Student Writes Journal for Business Week

Executive Education

Jones School Receives Brillante Award

Faculty News

Faculty News

Alumni

Alumni Association President's Letter

Class Notes

Annual Alumni Career Forum

Please send comments to:
Deanna Sheaffer, Editor
Director of Alumni Affairs
Jones School of Management - MS 531 Rice University
P.O. Box 1892
Houston TX 77251-1892
e-mail:JGSalum@rice.edu


El Paso Energy Donates $2.5 Million to the Jones School
– By Debra Thomas, Director of Public Relations

El Paso Energy Foundation, the philanthropic arm of El Paso Energy Corporation (NYSE:EPG), donated $2.5 million for a state-of-the art trading room and an endowment for annual scholarships.

The grant will support curricular development and research in options theory, trading of energy related commodities, bandwidth, and financial instruments involving stocks, bonds, and various other commodities. The Jones School has added a number of courses on energy derivatives in both its regular MBA and MBA for Executives programs. Two million dollars will be used to assist in the construction, furnishing, and ongoing operation and maintenance of a trading room in the new Jones School building. The 167,000 square-foot, $60-million building is scheduled to be completed in July 2002.

The remaining $500,000 will fund two-year, partial-tuition scholarships for four or five students annually who will be known as El Paso Energy Scholars. The first El Paso Energy Scholars will enter the Jones School in the fall of 2001.

“El Paso Energy is pleased to contribute to the Jones School’s ongoing growth and success,” said William A. Wise, president and chief executive officer of El Paso Energy. “We seek to broaden and deepen our partnership with the Jones School, whose faculty and alumni have made a significant impact, both in our industry and throughout the business world, as well as in our own organization.” Wise expressed particular interest in expanding executive involvement with the Jones School, including the design of course curriculum and related operation of the trading room. “Hands-on experience in the highly complex world of options theory trading will increase the pool of qualified candidates for El Paso Energy’s recruiting efforts,” noted Wise. The program will also offer El Paso Energy employees who meet Jones School admissions standards the opportunity to take leave from El Paso Energy to attend the school in the regular MBA or the MBA for Executives programs. In addition, the Jones School will also work with El Paso Energy to develop non-degree programs for El Paso Energy employees.

“This gift is important not only for the dollars but also for the partnership leverage it provides,” said Gil Whitaker, dean of the Jones School. “The trading room will provide opportunities for mutual learning as faculty and students work with El Paso Energy and other executives to explore the complex world of trading and the analytical tools of finance. We are deeply appreciative of the generosity of El Paso Energy.”