<ARTICLE> UT <CIK> 0000050172 <NAME> INDIANA MICHIGAN POWER COMPANY <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> MAR-31-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 2,546,405 <OTHER-PROPERTY-AND-INVEST> 880,549 <TOTAL-CURRENT-ASSETS> 389,749 <TOTAL-DEFERRED-CHARGES> 40,737 <OTHER-ASSETS> 493,496 <TOTAL-ASSETS> 4,350,936 <COMMON> 56,584 <CAPITAL-SURPLUS-PAID-IN> 732,639 <RETAINED-EARNINGS> 243,346 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,032,569 <PREFERRED-MANDATORY> 68,445 <PREFERRED> 9,266 <LONG-TERM-DEBT-NET> 1,030,093 <SHORT-TERM-NOTES> 725 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 109,570 <LONG-TERM-DEBT-CURRENT-PORT> 148,000 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 178,698 <LEASES-CURRENT> 10,681 <OTHER-ITEMS-CAPITAL-AND-LIAB> 1,762,889 <TOT-CAPITALIZATION-AND-LIAB> 4,350,936 <GROSS-OPERATING-REVENUE> 334,113 <INCOME-TAX-EXPENSE> 14,718 <OTHER-OPERATING-EXPENSES> 280,557 <TOTAL-OPERATING-EXPENSES> 295,275 <OPERATING-INCOME-LOSS> 38,838 <OTHER-INCOME-NET> 1,735 <INCOME-BEFORE-INTEREST-EXPEN> 40,573 <TOTAL-INTEREST-EXPENSE> 20,503 <NET-INCOME> 20,070 <PREFERRED-STOCK-DIVIDENDS> 1,214 <EARNINGS-AVAILABLE-FOR-COMM> 18,856 <COMMON-STOCK-DIVIDENDS> 28,664 <TOTAL-INTEREST-ON-BONDS> 8,576 <CASH-FLOW-OPERATIONS> 71,853 <EPS-PRIMARY> 0<F1> <EPS-DILUTED> 0<F1> <FN> <F1> All common stock owned by parent company; no EPS required. </FN>