News Release Jan. 15, 1999

HOUSTON -- TEPPCO Partners, L.P. (NYSE:TPP) today declared a fourth-quarter cash distribution of $0.45 per unit, payable Feb. 5, 1999, to unit holders of record on Jan. 29, 1999.

This quarterly distribution covers the period from Oct. 1, 1998, through Dec. 31, 1998.

TEPPCO Partners, L.P. is a publicly owned master-limited partnership, which conducts business through two operating partnerships. TE Products Pipeline Company, Limited Partnership is one of the largest common carrier pipelines of refined petroleum products and liquefied petroleum gases in the United States. TCTM, L.P. is a crude oil gathering, transportation, storage and marketing company operating primarily in Texas and Oklahoma.