We present a long time series (1992--2001) of bottom temperature from 1040m on the continental slope north of Elephant Island, Antarctic Peninsula. A strong annual signal is apparent, with minimum temperatures during or following the austral winter, and a range similar to that found in much shallower waters on the adjacent shelf. Individual convective events are observable as large-amplitude cold spikes that are confined to the period of seasonally coldest temperatures. These plumes are dense enough to seasonally displace the Circumpolar Deep Water, and directly inject cold water into the deep open ocean. The coldest water occurred when anomalous sea ice conditions were prevalent, caused by the strong 1997/98 ENSO event. We thus expect repeats of such strong convective events on ENSO timescales. The observed long-term warming and reduction in sea ice along the Peninsula may, however, act to suppress this mode of ventilating the deep Southern Ocean.