FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE
ELIGIBILITY OF A TRUSTEE PURSUANT TO
SECTION 305(b)(2
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
Indiana Michigan Power Company
(Exact name of obligor as specified in its charter)
Indiana 35-0410455
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
One Summit Square
Fort Wayne, Indiana 46801
(Address of principal executive offices) (Zip code)
Unsecured Notes
(Title of the indenture securities)
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1. General information. Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervising authority to which
it is subject.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York,
New York N.Y. 10006, and Albany, N.Y.
12203
Federal Reserve Bank of New York 33 Liberty Plaza,
New York, N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are
incorporated herein by reference as an exhibit hereto, pursuant to Rule
7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R.
229.10(d).
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which contains the
authority to commence business and a grant of powers to exercise
corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1
filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to
Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1
to Form T-1 filed with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No.
33-44051.)
7. A copy of the latest report of condition of the Trustee published
pursuant to law or to the requirements of its supervising or examining
authority.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
a corporation organized and existing under the laws of the State of New York,
has duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 22nd day of September, 1999.
THE BANK OF NEW YORK
By: /s/MICHELE L.RUSSO
Name: MICHELE L. RUSSO
Title: ASSISTANT TREASURER
EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business June 30, 1999,
published in accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
ASSETS Dollar Amounts
In Thousands
Cash and balances due from depository institutions:
Noninterest-bearing balances and currency and coin. $5,597,807
Interest-bearing balances.......................... 4,075,775
Securities:
Held-to-maturity securities........................ 785,167
Available-for-sale securities...................... 4,159,891
Federal funds sold and Securities purchased
under agreements to resell......................... 2,476,963
Loans and lease financing receivables:
Loans and leases, net of unearned income......38,028,772
LESS: Allowance for loan and
lease losses...................................568,617
LESS: Allocated transfer risk reserve.............16,352
Loans and leases, net of unearned income,
allowance, and reserve........................... 37,443,803
Trading Assets........................................ 1,563,671
Premises and fixed assets (including capitalized
leases)............................................ 683,587
Other real estate owned............................... 10,995
Investments in unconsolidated subsidiaries and
associated companies............................... 184,661
Customers' liability to this bank on acceptances
outstanding........................................ 812,015
Intangible assets..................................... 1,135,572
Other assets.......................................... 5,607,019
Total assets.......................................... $64,536,926
LIABILITIES
Deposits:
In domestic offices................................ $26,488,980
Noninterest-bearing......................10,626,811
Interest-bearing.........................15,862,169
In foreign offices, Edge and Agreement
subsidiaries, and IBFs........................... 20,655,414
Noninterest-bearing.........................156,471
Interest-bearing.........................20,498,943
Federal funds purchased and Securities sold under
agreements to repurchase........................... 3,729,439
Demand notes issued to the U.S.Treasury............... 257,860
Trading liabilities................................... 1,987,450
Other borrowed money:
With remaining maturity of one year or less........ 496,235
With remaining maturity of more than one year
through three years.............................. 465
With remaining maturity of more than three years... 31,080
Bank's liability on acceptances executed and
outstanding........................................ 822,455
Subordinated notes and debentures..................... 1,308,000
Other liabilities..................................... 2,846,649
Total liabilities..................................... 58,624,027
EQUITY CAPITAL
Common stock.......................................... 1,135,284
Surplus............................................... 815,314
Undivided profits and capital reserves................ 4,001,767
Net unrealized holding gains (losses) on
available-for-sale securities...................... ( 7,956)
Cumulative foreign currency translation adjustments... ( 31,510)
Total equity capital.................................. 5,912,899
Total liabilities and equity capital.................. $64,536,926
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the
above-named bank do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the Board of Governors
of the Federal Reserve System and is true to the best of my knowledge and
belief.
Thomas J. Mastro
We, the undersigned directors, attest to the correctness of this Report
of Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
Thomas A. Reyni )
Alan R. Griffith ) DIRECTORS
Gerald L. Hassell )