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                                                                       EXHIBIT 1



                       CONSENT OF INDEPENDENT ACCOUNTANTS



We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 333-76570) of Dynegy Inc. of our report dated June
14, 2002 relating to the statements of net assets available for benefits as
of December 31, 2001 and the related statement of changes in net assets
available for benefits for the year then ended, and the related schedule of
assets held at end of year as of December 31, 2001 of the Illinois Power
Company Incentive Savings Plan for Employees Covered Under as Collective
Bargaining Agreement, which appears in this Annual Report (Form 11-K) for the
year ended December 31, 2001.


/s/ McConnell & Jones LLP


Date:  June 28, 2002


















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