<ARTICLE> UT <CIK> 0000004904 <NAME> AMERICAN ELECTRIC POWER COMPANY, INC. <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,696 <OTHER-PROPERTY-AND-INVEST> 1,119 <TOTAL-CURRENT-ASSETS> 2,590 <TOTAL-DEFERRED-CHARGES> 1,908 <OTHER-ASSETS> 2,817 <TOTAL-ASSETS> 20,130 <COMMON> 1,310 <CAPITAL-SURPLUS-PAID-IN> 1,885 <RETAINED-EARNINGS> 1,720 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,915 <PREFERRED-MANDATORY> 128 <PREFERRED> 46 <LONG-TERM-DEBT-NET> 6,542 <SHORT-TERM-NOTES> 117 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 509 <LONG-TERM-DEBT-CURRENT-PORT> 490 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 446 <LEASES-CURRENT> 83 <OTHER-ITEMS-CAPITAL-AND-LIAB> 6,854 <TOT-CAPITALIZATION-AND-LIAB> 20,130 <GROSS-OPERATING-REVENUE> 1,694 <INCOME-TAX-EXPENSE> 93 <OTHER-OPERATING-EXPENSES> 1,313 <TOTAL-OPERATING-EXPENSES> 1,406 <OPERATING-INCOME-LOSS> 288 <OTHER-INCOME-NET> (5) <INCOME-BEFORE-INTEREST-EXPEN> 283 <TOTAL-INTEREST-EXPENSE> 129 <NET-INCOME> 154 <PREFERRED-STOCK-DIVIDENDS> 3<F1> <EARNINGS-AVAILABLE-FOR-COMM> 151 <COMMON-STOCK-DIVIDENDS> 115 <TOTAL-INTEREST-ON-BONDS> 48 <CASH-FLOW-OPERATIONS> 403 <EPS-PRIMARY> $0.79 <EPS-DILUTED> $0.79 <FN> <F1>Represents preferred stock dividend requirements of subsidiaries; deducted before computation of net income. </FN>