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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
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                                 SCHEDULE 14D-9


                   SOLICITATION/RECOMMENDATION STATEMENT UNDER
             SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934
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                                  ENDESA, S.A.
                            (Name of Subject Company)
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                                  ENDESA, S.A.
                      (Name of Person(s) Filing Statement)
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                 Ordinary shares, nominal value (euro)1.20 each

           American Depositary Shares, each representing the right to
                           receive one ordinary share
                         (Title of Class of Securities)

                                   00029274F1
                      (CUSIP Number of Class of Securities)

                              Alvaro Perez de Lema
                    Authorized Representative of Endesa, S.A.
                           410 Park Avenue, Suite 410
                               New York, NY 10022
                                 (212) 750-7200

   (Name, Address and Telephone Number of Person Authorized to Receive Notices
         and Communications on Behalf of the Person(s) Filing Statement)

                                 With a Copy to:
               Sergio J. Galvis, Richard A. Pollack, Angel L. Saad
                             Sullivan & Cromwell LLP
                                125 Broad Street
                            New York, New York 10004
                                1 (212) 558-4000

|X|  Check the box if the filing relates  solely to  preliminary  communications
     made before the commencement of a tender offer.

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                           IMPORTANT LEGAL INFORMATION


     The following  document was made available to shareholdersof  Endesa,  S.A.
(the "Company" or "Endesa") on October 13th, 2005. Endesa shareholders are urged
to read Endesa's Solicitation/Recommendation Statement on Schedule 14D-9 when it
is filed by the Company with the U.S.  Securities and Exchange  Commission  (the
"SEC"),     as    it     will     contain     important     information.     The
Solicitation/Recommendation Statement and other public filings made from time to
time by the Company  with the SEC are  available  without  charge from the SEC's
website at  www.sec.gov  and at the  Company's  principal  executive  offices in
Madrid, Spain.


Statements in this document  other than factual or  historical  information  are
"forward-looking  statements"  within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995.  Forward-looking  statements  regarding  Endesa's
anticipated financial and operating results and statistics are not guarantees of
future performance and are subject to material risks, uncertainties, changes and
other  factors  which may be beyond  Endesa's  control  or may be  difficult  to
predict.

Forward-looking  statements  could include,  but are not limited to,  statements
regarding:  (1) estimated future earnings; (2) anticipated increases in wind and
CCGTs generation and market share; (3) expected  increases in demand for gas and
gas sourcing;  (4) management  strategy and goals; (5) estimated cost reductions
and  increased  efficiency;  (6)  anticipated  developments  affecting  tariffs,
pricing  structures and other  regulatory  matters;  (7)  anticipated  growth in
Italy,  France and elsewhere in Europe;  (8) estimated capital  expenditures and
other  investments;  (9) expected asset disposals;  (10) estimated  increases in
capacity and output and changes in capacity  mix;  (11)  repowering of capacity;
and (12) macroeconomic conditions.  For all of these-forward looking statements,
Endesa claims the protection of the safe harbor for  forward-looking  statements
contained in the U.S. Private  Securities  Litigation Reform Act of 1995. Endesa
disclaims any obligation to revise or update any  forward-looking  statements in
this document.

The following  important  factors,  in addition to those discussed  elsewhere in
this document, could cause actual financial and operating results and statistics
to differ materially from those expressed in our forward-looking statements:

     o    Economic  and  Industry  Conditions:  materially  adverse  changes  in
          economic or  industry  conditions  generally  or in our  markets;  the
          effect  of  existing   regulations  and  regulatory  changes;   tariff
          reductions;  the impact of any  fluctuations  in interest  rates;  the
          impact of  fluctuations  in exchange  rates;  natural  disasters;  the
          impact of more stringent  environmental  regulations  and the inherent
          environmental  risks  relating  to our  business  operations;  and the
          potential liabilities relating to our nuclear facilities.

     o    Transaction or Commercial Factors:  any delays in or failure to obtain
          necessary  regulatory,  antitrust and other approvals for our proposed
          acquisitions  or  asset  disposals,   or  any  conditions  imposed  in
          connection  with such  approvals;  our ability to  integrate  acquired
          businesses   successfully;   the  challenges   inherent  in  diverting
          management's  focus and resources from other  strategic  opportunities
          and  from  operational  matters  during  the  process  of  integrating
          acquired businesses; the outcome of any negotiations with partners and
          governments;  any delays in or failure to obtain necessary  regulatory
          approvals  (including  environmental)  to construct new  facilities or
          repower or enhance our  existing  facilities;  shortages or changes in
          the price of  equipment,  materials or labor;  opposition of political
          and ethnic  groups;  adverse  changes in the political and  regulatory
          environment  in the  countries  where  we and  our  related  companies
          operate; adverse weather conditions, which may delay the completion of
          power plants or substations, or natural disasters,  accidents or other
          unforeseen events; and the inability to obtain financing at rates that
          are satisfactory to us.

     o    Political/Governmental  Factors: political conditions in Latin America
          and changes in Spanish,  European and foreign  laws,  regulations  and
          taxes.





     o    Operating  Factors:  technical  difficulties;   changes  in  operating
          conditions and costs;  the ability to implement cost reduction  plans;
          the ability to maintain a stable supply of coal,  fuel and gas and the
          impact  of  fluctuations  on fuel  and  gas  prices;  acquisitions  or
          restructurings;  and the ability to  implement  an  international  and
          diversification strategy successfully.

     o    Competitive   Factors:   the  actions  of   competitors;   changes  in
          competition and pricing environments;  the entry of new competitors in
          our markets.





                                  RELEVANT FACT

New York, October 13, 2005.- Endesa (NYSE: ELE) has informed the U.S. Securities
and  Exchange  Commission  (SEC) of La Caixa's  possible  failure to comply with
several  obligations  imposed by the U.S. federal securities laws as a result of
La Caixa's significant stakes in Endesa and Repsol YPF, including the obligation
to promptly report its plans with respect to those  companies,  whose shares are
listed in the form of ADRs on the New York Stock Exchange. In addition, La Caixa
may have neglected its  obligations to the U.S.  investor  market by omitting to
file with the SEC its public  statements with respect to the tender offer by Gas
Natural for Endesa with La Caixa's support.
Of particular interest is La Caixa's sale of a significant portion of its shares
in Endesa,  which may have coincided with the  preparatory  phase for the tender
offer (two months prior to its public  announcement),  as this action could have
been  perceived  by the market as signaling a lack of interest on the part of La
Caixa (and hence Gas Natural) in seeking a business  combination  between Endesa
and Gas Natural.
Endesa has  informed  the SEC of the  following  matters  that may  constitute a
violation of the U.S. federal securities laws (Securities Exchange Act of 1934):

o    La Caixa has never  filed a report on Schedule  13D with the SEC,  which it
was  required  to do in respect of its  shares in Endesa and Repsol  YPF,  which
companies are listed in the form of ADRs on the New York Stock  Exchange  (NYSE)
and in which La Caixa owns or has owned an interest in excess of 5 percent.

o    La Caixa has likewise failed to reveal by means of a Schedule 13D its plans
and intentions with respect to the above-mentioned  companies, which may include
matters  relating to the hostile  tender  offer by its  investee Gas Natural for
Endesa and to the sale of assets of Endesa to Iberdrola the terms of which could
affect Endesa shareholders and remain unknown publicly.

o    La Caixa  also  failed to report  to the SEC its plans to take  control  of
Repsol and replace its chairman and senior management with the goal (as reported
by the press at the time) of supporting  transactions set in motion by la Caixa,
among which a possible business combination between Gas Natural and Endesa.

o    La  Caixa  has not  informed  the  market  through  the  SEC of its  public
statements  and  communications  with  respect to the  tender  offer by means of
Schedule  14D-9,  which is La Caixa is  subject  to by virtue of its status as a
shareholder  of the offeror  and its  decisive  role in the tender  offer by Gas
Natural.

o    La Caixa has taken significant  actions publicly that are inconsistent with
a plan for a business  combination  between  Gas  Natural  and  Endesa,  such as
statements  by Gas Natural's  president  and La Caixa's vice  president in April
2005  that  no  business  combination  with an  electricity  company  was  being
considered, as well as La Caixa's disposal of a significant portion of its stake
in Endesa only two months prior to the announcement of the tender offer, actions
that could have influenced third parties'  investment  decisions in Endesa based
on incorrect assumptions.