TC ENERGY CORP — Director's Dealing 2003

Aug 5, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TC PIPELINES LP (TCLP)
CIK: 0001075607
Period of Report: 1999-05-28

Reporting Person: TRANSCANADA PIPELINES LTD (10% Owner)
Reporting Person: TRANSCANADA CORP (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Units representing limited partner interests	2800000	Indirect
Subordinated Units	3200000	Indirect

Footnotes

F1: On May 28, 1999, TransCan Northern Ltd., a wholly owned subsidiary of the reporting persons, acquired 2,800,000 common units and TC PipeLines GP, Inc., a wholly owned subsidiary of the reporting persons acquired 3,200,000 subordinated units each representing limited partner interest in TC PipeLines, LP in connection with the initial public offering of TC PipeLines, LP. On June 25, 1999, as a result of the exercise of the underwriters' over-allotment option, 390,364 of the subordinated units were redeemed.