PARTNERSHIP PROFILE TEPPCO Partners, L.P. is a publicly traded master limited partnership, which conducts business through various subsidiary operating companies. TEPPCO owns and operates one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases (LPGs) in the United States; owns and operates petrochemical and natural gas liquid (NGLs) pipelines; is engaged in crude oil transportation, storage, gathering and marketing; owns and operates natural gas gathering systems; and owns a 50-percent interest in Seaway Crude Pipeline Company, a 50-percent interest in Centennial Pipeline LLC and an undivided ownership interest in the Basin Pipeline. Texas Eastern Products Pipeline Company, LLC, an indirect wholly owned subsidiary of Duke Energy Field Services, LLC, is the general partner of TEPPCO Partners, L.P. THE PARTNERSHIP'S ASSETS         ON THE COVER: TEPPCO has a diverse asset base that operates in three business segments. Pictured Top: Upstream Segment: Joe Wilkes, technician II, of the Cushing, Oklahoma, crude oil terminal. Middle: Midstream Segment: TEPPCO’s Val Verde Gathering System in New Mexico. Bottom: Downstream Segment: LPG storage sphere in Monee, Illinois.