The production of light hydrocarbons consisting of ethylene, propylene, butylenes, and of gasoline is enhanced by introducing a heavy oil feedstream derived from an external source into an ancillary downflow reactor that utilizes the same catalyst composition as an adjacent FCC unit for cracking the heavy oil and withdrawing the desired lighter hydrocarbon reaction product stream from the downflow reactor and regenerating the catalyst in the same regeneration vessel that is used to regenerate the spent catalyst from the FCC unit. The efficiency of the recovery of the desired lighter olefinic hydrocarbons is maximized by limiting the feedstream to the downflow reactor to heavy oils that can be processed under relatively harsher conditions, while minimizing production of undesired by-products.