The Williams Companies
1996 Annual Report

Directors

Glenn A. Cox
age 67; director of the company since 1992; retired president and chief operating officer of Phillips Petroleum Company.

Thomas H. Cruikshank
age 65; director of the company since 1990; chairman of the compensation committee; retired chairman of the board and chief executive officer of Halliburton Company.

Patricia L. Higgins
age 47; director of the company since 1995; vice president and chief information officer of the Aluminum Company of America; formerly president of Unisys Corporation's Worldwide Communications Market Sector Group.

William R. Howell
age 61; director of the company since March 1997; chairman emeritus of J.C. Penney Company, Inc.

Robert J. LaFortune
age 70; director of the company since 1978; chairman of the audit committee; former Tulsa mayor; investor, oil and gas operator.

James C. Lewis
age 64; director of the company since 1978; chairman of Optimus Corporation and director of CFT, Inc.

Jack A. MacAllister
age 69; director of the company since 1994; chairman emeritus of U S WEST, Inc.; former president of Northwestern Bell.

James A. McClure
age 72; director of the company since 1991; former congressman; founder of McClure, Gerard & Neuenschwander, Inc.; of counsel to the Idaho law firm Givens, Pursley & Huntley.

Peter C. Meinig
age 57; director of the company since 1993; president and chief executive officer of HM International, Inc.

Kay A. Orr
age 58; director of the company since 1991; chairman of the nominating committee; former governor of Nebraska; current member of the Commission on Presidential Debates.

Gordon R. Parker
age 61; director of the company since 1987; former chairman, Newmont Mining Corporation.

Joseph H. Williams
age 63; director of the company since 1969; former chairman of the board and chief executive officer of the company.

Honorary Directors

Charles P. Williams age 81; elected to the board in 1951; former chairman of the board and vice chairman of the company.

David R. Williams Jr. age 75; co-founder of Williams Brothers Company in 1949; former executive vice president and chairman of the executive committee; elected to the board of directors in 1981.

John H. Williams age 78; co-founder of Williams Brothers Company in 1949; former chairman of the board, chief executive officer and president of the company; elected to the company's board of directors in 1949; served as a consultant to the board and the chairman.

The Williams Companies

Officers

Keith E. Bailey
Chairman of the Board, President and Chief Executive Officer

John C. Bumgarner Jr.
Senior Vice President, Corporate Development & Planning; and President, Williams International Company and Corporate Real Estate

Randall L. Barnard
Managing Director

J. Greg Saunders
Managing Director

Don L. Wiruth
Managing Director

James R. Herbster
Senior Vice President, Administration

John C. Fischer
Vice President, Human Resources

Elona F. Harris
Staff Vice President, Administrative Services

Kathryn A. Schooley
General Auditor

Gerald T. Schwegler
Vice President and General Manager, Information Services

William G. von Glahn
Senior Vice President and General Counsel

David M. Higbee
Corporate Secretary

Rebecca H. Hilborne
Assistant General Counsel

Bob F. McCoy
Associate General Counsel

J.D. Steelman Jr.
Senior International Counsel, Williams International Company

Jack D. McCarthy
Senior Vice President, Finance; and Chief Financial Officer

Christy G. Armstrong
Staff Vice President, Risk Management and Insurance

Gary R. Belitz
Controller and Chief Accounting Officer

Jim L. Gipson Jr.
Vice President, Corporate Communications

Mark W. Husband
Staff Vice President, Investor Relations

James G. Ivey
Treasurer

Deborah B. Lawrence
Vice President, Government Affairs

Clive A. Seymour
Vice President, Tax

Patti L. Schmigle
Vice President, Performance Management

Williams Communications Group

Henry C. (Harry) Hirsch
Vice Chairman and Chief Executive Officer

Howard E. Janzen
President and Chief Operating Officer

David P. Batow
General Counsel

G.L. Best
Vice President, Finance and Administration

Delwin L. Bothof
Senior Vice President and General Manager, Vyvx

Thomas P. Boyhan
Vice President, Strategic Accounts

Ronald E. Burdge
Vice President, Williams Learning Network

Gerald L. Carson
Vice President, Human Resources

James W. Dutton
Staff Vice President, Corporate Development

Thomas P. Griffin
Senior Vice President and General Manager, WilTel

Laura A. Kenny
Vice President, Marketing, Vyvx

Linda K. Lawson
Senior Vice President and General Manager, Global Access

Lawrence C. Littlefield Jr.
Senior Vice President, Chief Financial Officer and Strategic Accounts

Gordon C. Martin
Vice President, Strategic Marketing

David Patterson
Vice President, Corporate Services, WilTel

Thomas D. Paulsen
Vice President, Information Services; and Chief Information Officer

Joseph C. Turcotte
Vice President, Network Operations and Engineering

Teresa A. Vannoy
Staff Vice President, Human Resources, WilTel

Beverly A. Ventura
Vice President, General Business Systems - West, WilTel

John F. Wassenbergh
Vice President, General Business Systems - East, WilTel

S. Miller Williams
Senior Vice President, Corporate Development and Planning

David L. Young
Senior Vice President and General Manager, Williams Learning Network

Williams Energy Group

Stephen L. Cropper
President and Chief Executive Officer

Steven S. Ball
Senior Vice President and General Manager, Petroleum Services

Travis N. Campbell
Senior Vice President, Finance and Administration

David Chang
Vice President, Merchant Services, Natural Gas Services

R. Rand Clark
Vice President, Accounting and Finance

Edward C. England
Vice President, Field Services, Four Corners Region

Tony L. Gehres
Associate General Counsel

Jerry F. Gollnick
Senior Vice President and General Manager, Merchant Services

Gregory D. Gordon
Vice President, Petroleum Services, Northern Operations

Ralph A. Hill
Vice President and General Manager, Exploration & Production

T. Jackson Huggins
Vice President, Petroleum Services, Ethanol Operations

H. Dean Jones II
Vice President, Merchant Services, Retail Energy Services

Steven J. Malcolm
Senior Vice President and General Manager, Field Services

Bob F. McCoy
General Counse

Michael N. Mears
Vice President, Enterprise Development and Planning, Petroleum Development

Ronald H. Miller
Vice President, Petroleum Services, Ethanol Marketing and Logistics

J. Kent Myers Vice President, Field Services, Mid-America

Richard A. Olson
Vice President, Petroleum Services, Southern Operations

Craig R. Rich
Associate General Counsel

Stephen R. Springer
Vice President, Field Services, Gulf Coast

Bruce A. Sukaly
Vice President, Merchant Services, Power Services

Gary W. Taggart
Vice President, Petroleum Services, Marketing, Transportation and Product Services

Larry D. Tippens
Vice President, Technical Services

William P. Weygandt III
Vice President, Enterprise Development and Planning, Upstream Development

Phillip D. Wright
Senior Vice President and General Manager, Enterprise Development and Planning

Kenneth F. Wyatt
Vice President, Merchant Services, Energy Capital and Marketing Services

Williams Interstate Natural Gas Systems

Lewis A. Posekany Jr.
Vice President, Group Planning and Development

Kern River Gas Transmission Company

Larry E. Larsen
Vice President, Marketing, Finance and Regulatory Affairs

Mark C. Moench
General Counsel

Northwest Pipeline Corporation

Matt J. Gillis
Vice President, Operations

Ronald M. Mucci
Vice President, Marketing

Steven W. Snarr
General Counsel

Texas Gas Transmission Corporation

Kim R. Cocklin
Vice President, Customer Services and Rates

Beverly H. Griffith
General Counsel

Norris E. McDivitt
Vice President, Operations and Engineering

E. Jack Ralph
Vice President, Finance and Controller

Transcontinental Gas Pipe Line Corporation

Nick A. Bacile
Vice President, Finance and Controller

Robert S. Bahnick
Vice President, Operations

Randall R. Conklin
Vice President and General Counsel

Frank J. Ferazzi
Vice President, Customer Service Williams Natural Gas Company

Frank M. Semple
Senior Vice President and General Manager

Richard N. Ficken
Vice President, Marketing

B. Todd Hopkinson
Vice President, Operations

Stephen K. Schroeder
General Counsel

Senior Executive Management Team

John C. Bumgarner Jr. Senior Vice President Corporate Development & Planning; President Williams International Company and Corporate Real Estate	Stephen L. Cropper President and Chief Executive Officer Williams Energy Group	James R. Herbster Senior Vice President Administration The Williams Companies, Inc.	Henry C. (Harry) Hirsch Vice Chairman and Chief Executive Officer Williams Communications Group
Howard E. Janzen President and Chief Operating Officer Williams Communications Group	Jack D. McCarthy Senior Vice President, Finance Chief Financial Officer The Williams Companies, Inc.	Brian E. O'Neill Senior Vice President, Finance Chief Financial Officer The Williams Companies, Inc.	William G. von Glahn Senior Vice President and General Counsel The Williams Companies, Inc.