<ARTICLE> UT
<LEGEND>
This schedule contains summary financial information extracted from AP&L's
financial statements for the quarter ended March 31, 1995 and is qualified 
in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000007323
<NAME> ARKANSAS POWER & LIGHT COMPANY 
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               MAR-31-1995
<BOOK-VALUE>                                  PER-BOOK
<TOTAL-NET-UTILITY-PLANT>                    2,863,295
<OTHER-PROPERTY-AND-INVEST>                    154,739
<TOTAL-CURRENT-ASSETS>                         529,195
<TOTAL-DEFERRED-CHARGES>                       718,568
<OTHER-ASSETS>                                       0
<TOTAL-ASSETS>                               4,265,797
<COMMON>                                           470
<CAPITAL-SURPLUS-PAID-IN>                      590,844
<RETAINED-EARNINGS>                            466,499
<TOTAL-COMMON-STOCKHOLDERS-EQ>               1,057,813
<PREFERRED-MANDATORY>                           53,527
<PREFERRED>                                    176,350
<LONG-TERM-DEBT-NET>                         1,273,227
<SHORT-TERM-NOTES>                              34,667
<LONG-TERM-NOTES-PAYABLE>                            0
<COMMERCIAL-PAPER-OBLIGATIONS>                       0
<LONG-TERM-DEBT-CURRENT-PORT>                   53,175
<PREFERRED-STOCK-CURRENT>                            0
<CAPITAL-LEASE-OBLIGATIONS>                     87,304
<LEASES-CURRENT>                                56,213
<OTHER-ITEMS-CAPITAL-AND-LIAB>               1,473,521
<TOT-CAPITALIZATION-AND-LIAB>                4,265,797
<GROSS-OPERATING-REVENUE>                      339,596
<INCOME-TAX-EXPENSE>                            (2,469)
<OTHER-OPERATING-EXPENSES>                     311,035
<TOTAL-OPERATING-EXPENSES>                     308,566
<OPERATING-INCOME-LOSS>                         31,030
<OTHER-INCOME-NET>                              10,350
<INCOME-BEFORE-INTEREST-EXPEN>                  41,380
<TOTAL-INTEREST-EXPENSE>                        29,318
<NET-INCOME>                                    12,062
<PREFERRED-STOCK-DIVIDENDS>                      4,561
<EARNINGS-AVAILABLE-FOR-COMM>                    7,501
<COMMON-STOCK-DIVIDENDS>                        32,800
<TOTAL-INTEREST-ON-BONDS>                            0
<CASH-FLOW-OPERATIONS>                         124,842
<EPS-PRIMARY>                                        0
<EPS-DILUTED>                                        0