EXHIBIT 99(e)



                     INSTRUCTION TO REGISTERED HOLDER AND/OR
               BOOK-ENTRY TRANSFER FACILITY PARTICIPANT FROM OWNER
                                       OF
                                    DPL INC.

                          8 1/4 % SENIOR NOTES DUE 2007
                     (THE "OLD NOTES") (CUSIP NO. 233293AC3)

       To Registered Holder and/or Participant of the Book-Entry Transfer
                                    Facility:


          The undersigned hereby acknowledges receipt of the Prospectus dated
      , 2000 (the "Prospectus") of DPL Inc., an Ohio corporation (the
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"Company"), and the accompanying Letter of Transmittal (the "Letter of
Transmittal"), that together constitute the Company's offer (the "Exchange
Offer"). Capitalized terms used but not defined herein have the meanings as
ascribed to them in the Letter of Transmittal.

          This will instruct you, the registered holder and/or book-entry
transfer facility participant, as to the action to be taken by you relating to
the Exchange Offer with respect to the Old Notes held by you for the account of
the undersigned.

          The aggregate face amount of the Old Notes held by you for the account
of the undersigned is (fill in amount):

                                $
                                 ---------------

          With respect to the Exchange Offer, the undersigned hereby instructs
you (check appropriate box):

          [ ] To TENDER the following Old Notes held by you for the account of
the undersigned (insert principal amount of Old Notes to be tendered, if any):

                                $
                                 ---------------

          [ ] NOT to TENDER any Old Notes held by you for the account of the
undersigned.

          If the undersigned instructs you to tender the Old Notes held by you
for the account of the undersigned, it is understood that you are authorized to
make, on behalf of the undersigned (and the undersigned, by its signature below,
hereby makes to you), the representations and warranties contained in the Letter
of Transmittal that are to be made with respect to the undersigned as a
beneficial owner, including but not limited to the representations, that (i) the
holder is not an "affiliate" of the Company, (ii) any New Notes to be received
by the holder are being acquired in the ordinary course of its business, and
(iii) the holder has no arrangement or understanding with any person to
participate in a distribution (within the meaning of the Securities Act) of such
New Notes. If the undersigned is a broker-dealer that will receive New Notes for
its own account in exchange for Old Notes, it represents that such Old Notes
were acquired as a result of market-making activities or other trading
activities, and it acknowledges that it will deliver a prospectus meeting the
requirements of the Securities Act in connection with any resale of such New
Notes. By acknowledging that it will deliver and by delivering a prospectus
meeting the requirements of the Securities Act in connection with any resale of
such New Notes, such broker-dealer is not deemed to admit that it is an
"underwriter" within the meaning of the Securities Act.





                                    SIGN HERE

Name of beneficial owner(s):
                            ----------------------------------------------------

Signature(s):
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Name(s) (please print):
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Address:
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Telephone Number:
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Taxpayer Identification or Social Security Number:
                                                  ------------------------------

Date:
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