UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 11-K

[ X ] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]

For the fiscal year ended December 31, 1995

[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]

Commission file number 1-8841

FPL Group Employee Thrift Plan
(Full title of the plan)

FPL GROUP, INC.
(Name of issuer of the securities held pursuant to the plan)

700 Universe Boulevard
Juno Beach, Florida 33408
(Address of principal executive offices)
(Zip Code)
INDEPENDENT AUDITORS' REPORT

EMPLOYEE BENEFITS COMMITTEE OF THE BOARD OF DIRECTORS
OF FPL GROUP, INC.:

We have audited the statements of financial condition of the FPL Group
Employee Thrift Plan (the "Plan") as of December 31, 1995 and 1994,
and the related statement of income and changes in net assets for the
year ended December 31, 1995. These financial statements are the
responsibility of the Plan's management. Our responsibility is to express
an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit
to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the
financial statements. An audit also includes assessing the accounting
principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe
that our audits provide a reasonable basis for our opinion.

In our opinion, such financial statements present fairly, in all material
respects, the financial condition of the Plan at December 31, 1995 and
1994 and its income and changes in net assets for the year ended
December 31, 1995 in conformity with generally accepted accounting
principles.

Our audits were conducted for the purpose of forming an opinion on the
basic financial statements taken as a whole. The supplemental
schedules of (1) assets held for investment as of December 31, 1995,
and (2) transactions in excess of five percent of the current value of plan
assets for the year ended December 31, 1995, are presented for the
purpose of additional analysis and are not a required part of the basic
financial statements, but are supplementary information required by the
Department of Labor's Rules and Regulations for Reporting and
Disclosure under the Employee Retirement Income Security Act of 1974.
These schedules are the responsibility of the Plan's management. Such
schedules have been subjected to the auditing procedures applied in our
audit of the basic 1995 financial statements and, in our opinion, are fairly
stated in all material respects when considered in relation to the basic
financial statements taken as a whole.

DELOITTE & TOUCHE LLP

Miami, Florida
June 24, 1996
FPL GROUP EMPLOYEE THRIFT PLAN
STATEMENTS OF FINANCIAL CONDITION

December 31,
1995 1994

ASSETS
Receivables:
Income .......................................................................... $ 2,311 $ 2,370

Total receivables ............................................................. 2,311 2,370

General investments:
Interest-bearing cash ........................................................... 6,812,420 3,583,383
Loans to participants - other ................................................... 25,558,049 21,772,129
Value of interest in master trusts .............................................. 255,398,842 216,916,732
Value of interest in registered investment companies ............................ 205,606,061 141,513,447

Total general investments ..................................................... 493,375,372 383,785,691

Employer securities:
Employer securities held by the Plan ............................................ 319,614,416 260,607,706
Leveraged ESOP employer securities (allocated to the Plan)....................... 319,933,178 255,711,120

Total employer securities ..................................................... 639,547,594 516,318,826

Total assets ...................................................................... 1,132,925,277 900,106,887

LIABILITIES
Operating payables ................................................................ 840,446 857,006
Acquisition indebtedness (Leveraged ESOP loan allocated to the Plan) .............. 243,520,467 248,318,590

Total liabilities ................................................................. 244,360,913 249,175,596

NET ASSETS ........................................................................ $ 888,564,364 $650,931,291

The accompanying Notes to Financial Statements are an integral part of
these statements.
FPL GROUP EMPLOYEE THRIFT PLAN
STATEMENT OF INCOME AND CHANGES IN NET ASSETS

Year Ended December 31, 1995

INCOME
Contributions:
Received from employer ........................................................... $ 1,623,496
Received from participants ....................................................... 31,043,790
Noncash contributions (from employer) ............................................ 12,472,830
Total contributions ............................................................ $ 45,140,116

Earnings on investments:
Interest:
Interest-bearing cash .......................................................... 262,983
Other loans (participant loans) ................................................ 1,996,687
Total interest ............................................................... 2,259,670

Common stock dividends ........................................................... 12,585,642

Net gain on sale of assets:
Aggregate proceeds ............................................................. 86,377,820
Aggregate carrying amount ...................................................... 77,998,264
Net gain on sale of assets ................................................... 8,379,556

Unrealized appreciation of assets ................................................ 71,727,460

Net investment gain from master trusts ........................................... 28,173,569

Net investment gain from registered investment companies ......................... 44,987,579
Total income ....................................................................... 213,253,592

EXPENSES
Benefit payment and payments to provide benefits:
Directly to participants or beneficiaries ........................................ 44,874,662
Total payments to provide benefits ............................................. 44,874,662

Administrative expenses:
Contract administrator fees ...................................................... 134,164
Total administrative expenses .................................................. 134,164
Total expenses ..................................................................... 45,008,826

NET INCOME ......................................................................... 168,244,766

TRANSFERS
Transfers to the Plan .............................................................. 351,625
Effect of current year Leveraged ESOP activity ..................................... 69,036,682
Total transfers to the Plan ........................................................ 69,388,307

NET ASSETS AT DECEMBER 31, 1994 .................................................... 650,931,291
NET ASSETS AT DECEMBER 31, 1995 .................................................... $888,564,364

The accompanying Notes to Financial Statements are an integral part of
these statements.
FPL GROUP EMPLOYEE THRIFT PLAN
NOTES TO FINANCIAL STATEMENTS
For the year ended December 31, 1995

1. Description of the Plan and Significant Accounting Policies

The Plan

The following description of the FPL Group Employee Thrift Plan (Plan)
provides only general information. Participating employees (Members)
should refer to the Summary Plan Description in their employee
handbook for a more complete description of the Plan. Fidelity
Management Trust Company (Trustee) administers the trust established
under the Plan (Trust).

Participation in the Plan is voluntary. Employees (other than certain
union employees) are eligible to participate in the Plan on the first day of
the month coincident with the completion of six continuous full months of
service with FPL Group, Inc. (FPL Group or Company) or certain of its
subsidiaries or on the first day of any month thereafter. The Plan
includes a cash or deferred compensation arrangement (Tax Saver
Option) permitted by Section 401(k) of the Internal Revenue Code of
1986, as amended (Code). The Tax Saver Option permits a Member to
elect to defer federal income taxes on all or a portion of his contributions
(Tax Saver Contributions) until they are distributed from the Plan. Tax
Saver Contributions were limited in 1995 to a maximum of $9,240 per
Member and may be increased or decreased in future years for cost-of-
living adjustments.

The Plan also includes leveraged employee stock ownership plan
(Leveraged ESOP) provisions. The Leveraged ESOP is a stock bonus
plan within the meaning of Treasury Regulation Section 1.401-1(b)(1)(iii)
that is qualified under Section 401(a) of the Code and is designed to
invest primarily in common stock of FPL Group, Inc. (Common Stock).
The Trust purchased Common Stock from FPL Group using the
proceeds of a loan (Acquisition Indebtedness) from FPL Group Capital
Inc (FPL Group Capital), a subsidiary of FPL Group (see Note 3). The
Common Stock acquired by the Trust is initially held in a separate
account (ESOP Account). As the Acquisition Indebtedness (including
interest) is repaid, each Member's account is allocated its share of
Common Stock released from the ESOP Account.

Effective for the 1996 plan year, the Company instituted a Flexible
Dividend Program which enables participants to choose how their
dividends on certain shares of Common Stock held in the Plan are to be
paid. Dividends on Common Stock acquired through the Leveraged
ESOP do not qualify under this new program. The options available to
participants include having dividends paid in cash; having dividends paid
in cash and an equivalent amount of their compensation contributed to
their thrift plan account; or taking a partial distribution with the balance
reinvested in Common Stock. Prior to this new program, all dividends on
stock in the FPL Group Company Stock Fund were reinvested in
Company Stock.

Contributions, Loans, Withdrawals and Transfers to (from) the Plan

For most of the year, the Plan provided for basic contributions by eligible
employees in whole percentages from 1% to 6% of their base
compensation (Earnings), which is matched in part by the Company with
shares of Common Stock. For basic Tax Saver or After-Tax
Contributions, the Company match is 100% on the first 3% of a
Member's Earnings and 50% on the next 3%. The Plan also provided
for supplemental contributions by Members to be made in whole
percentages from 1% to 10% of their Earnings, bringing the total
maximum contributions to 16%. Commencing in November 1995, an
additional 1% of Earnings may be contributed as a basic contribution and
will be matched 25% by the Company. Permitted supplemental
contributions are reduced to a maximum of 9%, so that the total
maximum contributions remains at 16%.

The value of a Member's contributions (including all income, gains and
losses) is at all times 100% vested. Company contributions vest at a
rate of 20% each year and are fully vested upon a Member attaining five
years of service as a Member of the Plan. An employee may also
receive vesting credit for prior years of service as a member of the
Employee Thrift and Retirement Savings Plan for the Bargaining Unit
Employees of Florida Power & Light Company (FPL Bargaining Plan).

The Plan's investment options include eleven investment choices: eight
core investment options and three investment strategy options. The core
investment options include various mutual funds, a separately managed
portfolio of short- and long-term investment contracts and Common
Stock. The strategy options combine portions of the individual core
investment options available through the Plan providing various
combinations of stocks and fixed income investments.

The Plan allows Members, at any time, to change their contribution
percentage, to change their investment option allocation for future
contributions or to transfer their account balance attributable to Member
contributions from one investment option to another. At year end, the
number of Members contributing to the Plan was 6,730. Company
contributions are primarily made from Common Stock shares released
from the ESOP Account. Forfeitures of non-vested Company
contributions due to termination of Plan participation are used to reduce
the amount of future Company contributions to the Plan. A Member who
has attained at least the age of fifty and completed five years of service
while a Member will be permitted to transfer all or any portion of
Company contributions made to his or her account and any earnings
thereon to one or more of the other investment options. Any future
Company contributions will continue to be invested in Common Stock.

A Member may borrow from his or her Plan accounts during his or her
employment under certain conditions. At December 31, 1995, the loan
interest rate was 9.75%.

Withdrawals by Members from certain of their accounts during their
employment are permitted with certain penalties and restrictions. The
penalties limit a Member's participation in the Plan for varying periods
following a withdrawal.

Transfers to (from) the Plan generally represent net transfers between
the Plan and the FPL Bargaining Plan. The transfers arise as a result of
members transferring between bargaining unit and non-bargaining unit
status while employed by FPL.

Basis of Accounting

The financial statements of the Plan are prepared under the accrual
basis of accounting. Investment income and interest income on loans to
Members is recognized when earned. Contributions by Members and
Company contributions are accrued on the basis of amounts withheld
through payroll deductions. Distributions to Members are recorded when
paid. Assets of the Plan are stated at market value, except loans to
Members which are stated at cost and insurance and financial institution
contracts which are stated at contract value, all of which approximates
market value. Market value is determined using the closing market price
or the last recorded bid price.

Investments

Purchases and sales of investment securities are recorded on the trade
date. Gains or losses on sales of investment securities are determined
using the carrying amount of the securities. The carrying amounts of
securities held in Member accounts are adjusted daily; securities held in
the ESOP Account (see Note 2) are adjusted annually. Unrealized
appreciation or depreciation is recorded to recognize changes in market
value.

2. Employee Stock Ownership Plan Account Allocation

The assets, liabilities and net income of the ESOP Account are not
considered plan assets but are for the joint benefit of the Plan and the
FPL Bargaining Plan. The ESOP Account is allocated for financial
reporting purposes based on each plan's relative net assets. The Plan's
allocation of Common Stock held in the ESOP Account (employer
securities), Acquisition Indebtedness and interest payable have been
reflected in the Statements of Financial Condition, but are not available
for, or the obligation of, Plan Members. The employer securities will be
released from the ESOP Account and distributed to Members' accounts
in satisfaction of part or all of the Company's matching contribution
obligation under the Plan as the Acquisition Indebtedness is repaid
(estimated to occur over the next fifteen years). ESOP shares allocated
to date are classified as employer securities held by the Plan on the
Statements of Financial Condition. The Acquisition Indebtedness will be
repaid from dividends on the shares acquired by the ESOP Account, as
well as from cash contributions from FPL Group. The net effect of a
change in the allocation percentage from year to year is reported as a
transfer to or from the Plan. The value of the shares distributed to
Member accounts is not affected by these allocations.

Condensed financial statements of the ESOP Account are presented
below, indicating the allocations made to each plan. The effect of
current year Leveraged ESOP activity on net assets is included in
transfers to the plan in the financial statements of each plan.
Distributions of shares to the plans are presented as noncash
contributions in the financial statements of each plan.

The FPL
Total ESOP Bargaining
Account The Plan Plan

Allocation percentage ............................................. 100% 70% 30%

Accrued interest .................................................. $ 3,286 $ 2,311 $ 975
Employer securities ............................................... 455,096,982 319,933,178 135,163,804
Total assets .................................................... 455,100,268 319,935,489 135,164,779

Acquisition indebtedness .......................................... 347,787,013 243,520,467 104,266,546
Interest payable .................................................. 1,200,294 840,446 359,848
Total liabilities ............................................... 348,987,307 244,360,913 104,626,394

Net assets - end .................................................. $106,112,961 $ 75,574,576 $ 30,538,385

Contributions received from employer .............................. $ 19,238,903
Interest income ................................................... 12,260
Dividends ......................................................... 17,671,130
Net gain on sale of assets (1) .................................... 1,395,644
Unrealized appreciation of assets ................................. 110,400,885
Total income .................................................... 148,718,822

Interest expense .................................................. 34,065,446

Net income ........................................................ 114,653,376 $ 80,280,294 $ 34,373,082
Distribution of shares to plans ................................... (17,840,406) (12,472,830) (5,367,576)
Transfers to (from) plan .......................................... - 1,229,218 (1,229,218)
Effect of current year Leveraged ESOP activity on net assets ...... 96,812,970 69,036,682 27,776,288
Net assets - beginning ............................................ 9,299,991 6,537,894 2,762,097
Net assets - end .................................................. $106,112,961 $ 75,574,576 $ 30,538,385

(1) Primarily represents the increase in market value since the beginning of the year of shares that were held by the ESOP
Account and distributed to the plans during the current year.

3. Acquisition Indebtedness

In December 1990, the Trust borrowed $360 million from FPL Group
Capital to purchase approximately 12.4 million shares of Common
Stock. The unallocated shares of Common Stock acquired with the
proceeds of the Acquisition Indebtedness are collateral for the
Acquisition Indebtedness. As principal payments are made, a
percentage of Common Stock is released as collateral and becomes
available to satisfy matching contributions and dividend requirements
of the Plan. During 1995, 561,302 shares of Common Stock were
released as collateral for the Acquisition Indebtedness. The
scheduled principal repayments of the Acquisition Indebtedness for
the next five years and thereafter are as follows:
1996 - $5,532,000; 1997 - $7,032,000; 1998 - $8,705,000; 1999 -
$10,568,000; 2000 - $12,640,000 and thereafter - $303,310,000. The
Acquisition Indebtedness matures in 2010, bears interest at a fixed
rate of 9.69% per year and is to be repaid using dividends received
on Common Stock held by the ESOP Account and ESOP shares distributed
to Member accounts, along with cash contributions from FPL Group. In
1995, such dividends received totaled approximately $21,250,000 and
cash contributions from FPL Group totaled approximately $19,239,000.
See Note 2 for information on the Plan's allocation percentage of the
Acquisition Indebtedness.

4. Parties-In-Interest Transactions

Company contributions are primarily made in Common Stock released
from the ESOP Account or in cash which is used by the Trustee to
purchase Common Stock. Such amounts are reported as noncash
contributions (from employer) and contributions received from
employer, respectively.

Dividend income earned by the Plan results from dividends on Common
Stock. Dividends on shares held in the ESOP Account were used to
repay the Acquisition Indebtedness (see Note 3). Certain dividends
on shares held in Members' accounts were reinvested in Common Stock
for the benefit of its Members pursuant to FPL Group's Dividend
Reinvestment and Common Share Purchase Plan in which the Trustee
participates.

5. Statement of Financial Condition Information by Investment Fund
Option

Information about the Statements of Financial Condition by investment
fund option is as follows:

December 31,
1995 1994

Interest-bearing cash:
Fidelity Retirement Government Money Market Portfolio .............................. $ 6,812,420 $ 3,583,383

Value of interest in Master Trusts:
Conservative Investment Strategy ................................................... $ 17,680,817 $ 15,992,562
Moderate Growth Investment Strategy ................................................ 44,386,441 35,008,913
Long-term Growth Investment Strategy ............................................... 37,601,660 28,538,650
Short-term liquid investments maintained in FPL Group Company Stock Fund ........... 6,522,743 3,560,577
Managed Income Portfolio ........................................................... 149,207,181 133,816,030
$255,398,842 $216,916,732
Value of interest in registered investment companies:
Fidelity U.S. Bond Index Portfolio ................................................. $ 15,929,578 $ 13,397,698
Fidelity U.S. Equity Index Portfolio ............................................... 60,944,252 40,680,458
Fidelity Magellan Fund ............................................................. 71,708,694 46,188,570
Fidelity OTC Portfolio ............................................................. 36,841,241 21,069,817
Fidelity Overseas Fund ............................................................. 20,182,296 20,176,904
$205,606,061 $141,513,447

FPL Group Company Stock Fund ......................................................... $319,614,416 $260,607,706

6. Statement of Income and Changes in Net Assets Information by
Investment Fund Option

Information about the Statement of Income and Changes in Net Assets
by investment fund option is as follows:

Fidelity
Retirement Moderate Long-term
Government Conservative Growth Growth
Money Mkt. Investment Investment Investment
Portfolio Strategy Strategy Strategy

INCOME
Contributions ............................................ $ 49,583 $ 441,822 $ 2,594,437 $ 3,466,356
Interest and dividends ................................... 275,858 30,346 138,913 216,689
Net investment gain from master trusts ................... - 2,487,120 8,392,844 7,660,664
Net investment gain from registered investment companies.. - - - -
Total income ........................................... 325,441 2,959,288 11,126,194 11,343,709

EXPENSES
Benefit payment and payments to provide benefits ......... 842,768 1,196,852 1,445,179 1,833,787
Administrative expenses .................................. 3,729 2,015 6,090 5,555
Total expenses ......................................... 846,497 1,198,867 1,451,269 1,839,342

NET INCOME (LOSS) ........................................ (521,056) 1,760,421 9,674,925 9,504,367

TRANSFERS
Net transfers to (from) the Plan ......................... (161,698) (98,587) (163,672) 64,993
Net exchanges between investment funds ................... 3,970,250 84,798 284,028 (266,253)
Net participant loan activity ............................ (58,459) (58,377) (417,753) (240,097)
Total transfers ........................................ 3,750,093 (72,166) (297,397) (441,357)

NET ASSETS AT DECEMBER 31, 1994 ......................... 3,583,383 15,992,562 35,008,913 28,538,650
NET ASSETS AT DECEMBER 31, 1995 ......................... $6,812,420 $17,680,817 $44,386,441 $37,601,660
/TABLE

Fidelity Fidelity
Managed U.S. Bond U.S. Equity Fidelity
Income Index Index Magellan
Portfolio Portfolio Portfolio Fund

INCOME
Contributions ......................................... $ 5,230,168 $ 1,097,464 $ 3,564,627 $ 5,600,939
Interest and dividends ................................ 316,139 71,187 247,130 324,570
Net investment gain from master trusts ................ 9,632,941 - - -
Net investment gain from registered investment
companies ........................................... - 2,403,056 15,518,198 16,763,032
Total income ...................................... 15,179,248 3,571,707 19,329,955 22,688,541

EXPENSES
Benefit payment and payments to provide benefits ...... 15,872,106 878,546 2,909,560 2,586,334
Administrative expenses ............................... 14,712 24,641 38,098 23,420
Total expenses ...................................... 15,886,818 903,187 2,947,658 2,609,754

NET INCOME (LOSS) ..................................... (707,570) 2,668,520 16,382,297 20,078,787

TRANSFERS
Net transfers to (from) the Plan ...................... 725,823 13,007 136,113 38,166
Net exchanges between investment funds ................ 16,685,018 (74,011) 4,281,571 5,602,504
Net participant loan activity ......................... (1,312,120) (75,636) (536,187) (199,333)
Total transfers ..................................... 16,098,721 (136,640) 3,881,497 5,441,337

NET ASSETS AT DECEMBER 31, 1994 ....................... 133,816,030 13,397,698 40,680,458 46,188,570
NET ASSETS AT DECEMBER 31, 1995 ....................... $149,207,181 $15,929,578 $60,944,252 $71,708,694

Fidelity Fidelity FPL Group
OTC Overseas Company
Portfolio Fund Stock Fund

INCOME
Contributions ........................................................ $ 2,881,898 $ 2,468,399 $ 17,744,423
Interest and dividends ............................................... 174,897 148,187 12,901,396
Net gain on sale of assets ........................................... - - 8,379,556
Unrealized appreciation of assets .................................... - - 71,727,460
Net investment gain from master trusts ............................... - - -
Net investment gain from registered investment companies ............. 8,552,120 1,751,173 -
Total income ....................................................... 11,608,915 4,367,759 110,752,835

EXPENSES
Benefit payment and payments to provide benefits ..................... 977,826 654,346 15,112,790
Administrative expenses .............................................. 1,222 1,382 13,300
Total expenses ..................................................... 979,048 655,728 15,126,090

NET INCOME (LOSS) .................................................... 10,629,867 3,712,031 95,626,745

TRANSFERS
Net transfers to (from) the Plan ..................................... 37,178 13,134 (295,642)
Net exchanges between investment funds ............................... 5,157,523 (3,717,841) (32,007,587)
Net participant loan activity ........................................ (53,144) (1,932) (1,354,640)
Total transfers .................................................... 5,141,557 (3,706,639) (33,657,869)

NET ASSETS AT DECEMBER 31, 1994 ...................................... 21,069,817 20,176,904 264,168,283
NET ASSETS AT DECEMBER 31, 1995 ...................................... $36,841,241 $20,182,296 $326,137,159

7. Income Taxes

In February 1996, FPL received from the Internal Revenue Service (IRS)
a favorable determination that the Plan, as amended and restated
through January 1, 1995, met the requirements of Section 401 of the
Code. The Trust established under the Plan will generally be exempt
from federal income taxes under Section 501(a) of the Code; Company
contributions paid to the Trust under the Plan will be allowable federal
income tax deductions of the Company subject to the conditions and
limitations of Section 404 of the Code; and the Plan will meet the
requirements of Section 401(k) of the Code allowing Tax Saver
Contributions to be exempt from federal income tax at the time such
contributions are made, provided that in operation the Plan and Trust
meet the applicable provisions of the Code. In addition, FPL Group will
be able to claim an income tax deduction for dividends used to repay the
Acquisition Indebtedness.

Company contributions to the Plan on a Member's behalf, Member's Tax
Saver Contributions, and the earnings thereon generally are not taxable
to the Member until such Company contributions, Tax Saver
Contributions, and earnings from investments are distributed or
withdrawn. A loan from a Member's account generally will not represent
a taxable distribution if the loan is repaid in a timely manner and does
not exceed certain limitations.

8. Expenses

Certain fees such as annual account maintenance and investment
management fees are primarily paid by Plan participants. FPL Group
shares a portion of the annual account maintenance fees. Trustee's
fees and expenses are paid by FPL Group (which may charge each
company under the Plan its allocated share) and, therefore, are not
reflected in the financial statements.

9. Master Trusts

A summary of participating interest in and financial statements for the
Master Trusts follow.

Percent of
Interest in Master Trust
December 31,
1995 1994

MANAGED INCOME PORTFOLIO
FPL Group Employee Thrift Plan
EIN 59-0247775
PN 002 ............................................................................... 76.9% 76.6%

Employee Thrift and Retirement Savings Plan for Bargaining Unit Employees of
Florida Power & Light Company
EIN 59-0247775
PN 003 ............................................................................... 23.1% 23.4%

CONSERVATIVE INVESTMENT STRATEGY
FPL Group Employee Thrift Plan
EIN 59-0247775
PN 002 ............................................................................... 80.9% 81.6%

MODERATE GROWTH INVESTMENT STRATEGY
FPL Group Employee Thrift Plan
EIN 59-0247775
PN 002 ............................................................................... 72.8% 73.0%

LONG-TERM GROWTH INVESTMENT STRATEGY
FPL Group Employee Thrift Plan
EIN 59-0247775
PN 002 ............................................................................... 74.1% 73.9%

MANAGED INCOME PORTFOLIO

STATEMENT OF FINANCIAL CONDITION

December 31,
1995

ASSETS
General investments:
Value of unallocated insurance and financial institution contracts .............................. $193,915,147

Total assets ...................................................................................... 193,915,147

LIABILITIES ....................................................................................... -

NET ASSETS ........................................................................................ $193,915,147

STATEMENT OF INCOME AND CHANGES IN NET ASSETS

1995

INCOME
Contributions received from participants ............................................ $ 7,751,774

Earnings on investments:
Interest .......................................................................... 13,058,214

Total income ........................................................................ 20,809,988

EXPENSES
Benefit payments to participants or beneficiaries ................................... 19,380,703

Account maintenance fees ............................................................ 24,338

Total expenses ...................................................................... 19,405,041

NET INCOME .......................................................................... 1,404,947

TRANSFERS
Transfers into fund ................................................................. 20,039,323
Transfers out of fund ............................................................... (2,156,582)

Net transfers ....................................................................... 17,882,741

NET ASSETS AT BEGINNING OF YEAR ..................................................... 174,627,459

NET ASSETS AT END OF YEAR ........................................................... $193,915,147
/TABLE

CONSERVATIVE INVESTMENT STRATEGY

STATEMENT OF FINANCIAL CONDITION

December 31,
1995

ASSETS
Receivables:
Income .......................................................................................... $ 97,323

General investments:
Value of unallocated insurance and financial institution contracts .............................. 11,125,422
Mutual funds .................................................................................... 10,659,174

Total general investments ................................................................... 21,784,596

Total assets ...................................................................................... 21,881,919

LIABILITIES ....................................................................................... 695

NET ASSETS ........................................................................................ $21,881,224

STATEMENT OF INCOME AND CHANGES IN NET ASSETS

1995

INCOME
Contributions received from participants ............................................ $ 590,650

Earnings on investments:
Interest .......................................................................... 694,887
Dividends ......................................................................... 620,335
Net gain (loss) on sale of assets:
Aggregate proceeds .............................................................. $5,809,431
Aggregate costs ................................................................. 5,332,919 476,512

Unrealized appreciation of assets ................................................. 1,295,590

Total income ........................................................................ 3,677,974

EXPENSES
Benefit payments to participants or beneficiaries ................................... 1,417,585

Account maintenance fees ............................................................ 3,552

Total expenses ...................................................................... 1,421,137

NET INCOME .......................................................................... 2,256,837

TRANSFERS
Transfers into fund ................................................................. 4,712,732
Transfers out of fund ............................................................... (4,758,100)

Net transfers ....................................................................... (45,368)

NET ASSETS AT BEGINNING OF YEAR ..................................................... 19,669,755

NET ASSETS AT END OF YEAR ........................................................... $21,881,224
/TABLE

MODERATE GROWTH INVESTMENT STRATEGY

STATEMENT OF FINANCIAL CONDITION

December 31,
1995

ASSETS
Receivables:
Income .......................................................................................... $ 163,111
Other ........................................................................................... 55,111
Total receivables ............................................................................. 218,222

General investments:
Value of unallocated insurance and financial institution contracts .............................. 13,476,054
Mutual funds .................................................................................... 47,463,369

Total general investments ................................................................... 60,939,423

Total assets ...................................................................................... 61,157,645

LIABILITIES ....................................................................................... 189,645

NET ASSETS ........................................................................................ $60,968,000

STATEMENT OF INCOME AND CHANGES IN NET ASSETS

1995

INCOME
Contributions received from participants ............................................ $ 3,712,529

Earnings on investments:
Interest .......................................................................... 896,096
Dividends ......................................................................... 2,494,287
Net gain (loss) on sale of assets:
Aggregate proceeds .............................................................. $6,995,768
Aggregate costs ................................................................. 6,475,707 520,061

Unrealized appreciation of assets ................................................. 7,621,084

Total income ........................................................................ 15,244,057

EXPENSES
Benefit payments to participants or beneficiaries ................................... 2,399,185

Account maintenance fees ............................................................ 10,836

Total expenses ...................................................................... 2,410,021

NET INCOME .......................................................................... 12,834,036

TRANSFERS
Transfers into fund ................................................................. 8,036,292
Transfers out of fund ............................................................... (7,898,877)

Net transfers ....................................................................... 137,415

NET ASSETS AT BEGINNING OF YEAR ..................................................... 47,996,549

NET ASSETS AT END OF YEAR ........................................................... $60,968,000
/TABLE

LONG-TERM GROWTH INVESTMENT STRATEGY

STATEMENT OF FINANCIAL CONDITION

December 31,
1995

ASSETS
Receivables:
Income .......................................................................................... $ 64,372
Other ........................................................................................... 9,816
Total receivables ............................................................................. 74,188

General investments:
Value of unallocated insurance and financial institution contracts .............................. 4,332,541
Mutual funds .................................................................................... 46,383,613

Total general investments ................................................................... 50,716,154

Total assets ...................................................................................... 50,790,342

LIABILITIES ....................................................................................... 44,815

NET ASSETS ........................................................................................ $50,745,527

STATEMENT OF INCOME AND CHANGES IN NET ASSETS

1995

INCOME
Contributions received from participants ............................................ $ 4,596,955

Earnings on investments:
Interest .......................................................................... 293,044
Dividends ......................................................................... 2,011,894
Net gain (loss) on sale of assets:
Aggregate proceeds .............................................................. $7,814,678
Aggregate costs ................................................................. 7,170,423 644,255

Unrealized appreciation of assets ................................................. 7,451,382

Total income ........................................................................ 14,997,530

EXPENSES
Benefit payments to participants or beneficiaries ................................... 2,337,892

Account maintenance fees ............................................................ 9,544

Total expenses ...................................................................... 2,347,436

NET INCOME .......................................................................... 12,650,094

TRANSFERS
Transfers into fund ................................................................. 8,236,819
Transfers out of fund ............................................................... (8,879,335)

Net transfers ....................................................................... (642,516)

NET ASSETS AT BEGINNING OF YEAR ..................................................... 38,737,949

NET ASSETS AT END OF YEAR ........................................................... $50,745,527
/TABLE

ATTACHMENT: SCHEDULE 1
FORM 5500: Line 27(a)

FLORIDA POWER & LIGHT COMPANY
EIN 59-0247775

FPL GROUP EMPLOYEE THRIFT PLAN

PLAN #002

PLAN YEAR: 1995

ASSETS HELD FOR INVESTMENT AS OF DECEMBER 31, 1995

Historic Current
Units Fund Name Price Cost Value

149,207,181.220 FPL Managed Income Portfolio $ 1.00 $149,207,181 $149,207,181
20,654,569.717 FPL Company Stock Fund $12.46 161,009,514 257,355,938
5,484,945.822 FPL Company Stock Fund - LESOP $12.54 50,608,139 68,781,221
1,500,918.247 Conservative Investment Strategy $11.78 15,293,050 17,680,817
3,614,531.071 Moderate Growth Investment Strategy $12.28 36,931,909 44,386,441
3,008,132.808 Long-Term Investment Strategy $12.50 31,178,666 37,601,660
834,015.985 Fidelity Magellan Fund $85.98 64,791,595 71,708,694
1,214,679.870 Fidelity OTC Portfolio $30.33 32,397,478 36,841,241
694,265.433 Fidelity Overseas Fund $29.07 19,724,853 20,182,296
6,812,419.550 Fidelity Retirement Government Money Market Portfolio $ 1.00 6,812,420 6,812,420
2,700,232.704 Fidelity U.S. Equity Index Portfolio $22.57 48,749,618 60,944,252
1,454,755.968 Fidelity U.S. Bond Index Portfolio $10.95 15,420,481 15,929,578
Outstanding Loan Balances (7.5% to 11.5%; 25,558,049 25,558,049
maturing 1996-2000)

Total Assets Held for Investment $657,682,953 $812,989,788
/TABLE

ATTACHMENT: SCHEDULE 2
FORM 5500: Line 27(d)

FLORIDA POWER & LIGHT COMPANY
EIN 59-0247775

FPL GROUP EMPLOYEE THRIFT PLAN

PLAN #002

PLAN YEAR: 1995

TRANSACTIONS IN EXCESS OF FIVE PERCENT OF THE
CURRENT VALUE OF PLAN ASSETS FOR THE
YEAR ENDED DECEMBER 31, 1995

Transaction by Total Total Number of Number Realized
Fund or Carrier Purchases Sales Purchases of Sales Gain (Loss)

FPL Managed Income Portfolio $111,221,772 $95,830,621 255 251 -
FPL Company Stock Fund $ 53,348,600 $81,444,957 251 251 $13,962,460
Fidelity Magellan Fund $ 43,737,408 $30,916,384 251 249 $ 1,480,231
Fidelity OTC Portfolio $ 28,129,469 $18,803,707 251 250 $ 707,869
Fidelity Overseas Fund $ 16,304,133 $17,583,294 251 248 $ (45,865)
Fidelity U.S. Equity Index Portfolio $ 19,756,395 $13,551,805 251 250 $ 1,065,971
/TABLE

SIGNATURES

The Plan. Pursuant to the requirements of the Securities Exchange Act
of 1934, the Employee Benefits Plan Administrative Committee has duly
caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.

DATE: June 28, 1996 FPL Group Employee
Thrift Plan
(Name of Plan)

By: DENNIS P. COYLE
Dennis P. Coyle
General Counsel
and Secretary