Pricing Supplement No. 10 Filing under Rule 424(b)(3) Dated: October 31, 1994 Registration No. 33-55816 (To Prospectus, dated January 4, 1993, as supplemented by Prospectus Supplement, dated January 5, 1993) $150,000,000 The Montana Power Company Secured Medium-Term Notes Principal Amount ($): $10,000,000 Original Issue Interest Rate (%): 7.85% Date: November 7, 1994 Issue Price (%): 100% Maturity Date: November 9, 1998 Interest Payment Dates: May 1 and November 1 Selling Agent's Commission (%): .45% Initial Interest Purchasing Agent's Discount (%): N/A Payment Date: May 1, 1995 Net Proceeds to Company (%): 99.55% Record Dates: April 15 and October 16 Reallowance (%): N/A Redeemable: Yes No X Selling Concession (%): N/A ---- ---- Form: In Whole: Yes No X Book Entry (DTC) X ---- ---- ----- In Part: Yes No X Certificated ---- ---- ----- Initial Redemption Date: N/A Redemption Limitation Date: N/A Redemption prices (if any): The Initial Redemption Price shall be N/A% of --- the principal amount of such Notes to be redeemed and shall decline on each anniversary of the Initial Redemption Date by a Reduction Percentage of N/A% of the principal amount to be redeemed until the redemption price --- shall be 100% of such principal amount. Additional terms: N/A N/A as used herein means "Not Applicable." -------------------------------------------------------------------------- Prior to the date of this Pricing Supplement, the Company has sold $68,000,000 aggregate principal amount of the Secured Medium-Term Notes. Effective August 5, 1994, The Bank of New York, as Corporate Trustee, and W. T. Cunningham, as Individual Trustee, have succeeded Morgan Guaranty Trust Company of New York and P. J. Crowley, respectively, as Trustees under the Company's Mortgage and Deed of Trust, dated as of October 1, 1945, as amended and supplemented, pursuant to which the Secured Medium- Term Notes are being issued. THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR BY ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. Selling Agent/Purchasing Agent: (X) Goldman, Sachs & Co. ( ) Lehman Brothers Inc. ( ) Morgan Stanley & Co. Incorporated