<ARTICLE> UT <CIK> 0000004904 <NAME> AMERICAN ELECTRIC POWER COMPANY, INC. <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 6-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> JUN-30-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 11,718 <OTHER-PROPERTY-AND-INVEST> 1,206 <TOTAL-CURRENT-ASSETS> 2,985 <TOTAL-DEFERRED-CHARGES> 1,952 <OTHER-ASSETS> 2,726 <TOTAL-ASSETS> 20,587 <COMMON> 1,315 <CAPITAL-SURPLUS-PAID-IN> 1,926 <RETAINED-EARNINGS> 1,692 <TOTAL-COMMON-STOCKHOLDERS-EQ> 4,933 <PREFERRED-MANDATORY> 128 <PREFERRED> 45 <LONG-TERM-DEBT-NET> 6,117 <SHORT-TERM-NOTES> 217 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 772 <LONG-TERM-DEBT-CURRENT-PORT> 957 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 446 <LEASES-CURRENT> 86 <OTHER-ITEMS-CAPITAL-AND-LIAB> 6,886 <TOT-CAPITALIZATION-AND-LIAB> 20,587 <GROSS-OPERATING-REVENUE> 3,337 <INCOME-TAX-EXPENSE> 157 <OTHER-OPERATING-EXPENSES> 2,671 <TOTAL-OPERATING-EXPENSES> 2,828 <OPERATING-INCOME-LOSS> 509 <OTHER-INCOME-NET> (3) <INCOME-BEFORE-INTEREST-EXPEN> 506 <TOTAL-INTEREST-EXPENSE> 261 <NET-INCOME> 245 <PREFERRED-STOCK-DIVIDENDS> 6<F1> <EARNINGS-AVAILABLE-FOR-COMM> 239 <COMMON-STOCK-DIVIDENDS> 231 <TOTAL-INTEREST-ON-BONDS> 94 <CASH-FLOW-OPERATIONS> 286 <EPS-BASIC> $1.24 <EPS-DILUTED> $1.24 <FN> <F1>Represents preferred stock dividend requirements of subsidiaries; deducted before computation of net income. </FN>