Exhibit 10(m)-1

AMENDMENT NO. 1

TO

PPL CORPORATION

DIRECTORS DEFERRED COMPENSATION PLAN

WHEREAS, PP&L,
  Inc. ("PP&L") adopted the Pennsylvania Power & Light Company Directors
  Deferred Compensation Plan ("Plan") effective January 26, 1972; and

WHEREAS, PPL
  Corporation adopted the Plan as amended and restated effective July 1, 2000;
  and

WHEREAS, the
  Company desires to further amend the Plan;

NOW, THEREFORE,
  the Plan is hereby amended as follows:

I.  Effective
  November 1, 2002, Paragraphs 8(c)(i) and (ii) are amended to read:

8.  Payment of Accounts.

|(c) | (i)  | If Participant dies while a Director or before
      all installments have been paid under paragraph 8(b), payments shall be
      made within 30 days after Participant's death to one beneficiary designated
      by Participant in writing in such form and subject to such condition as
      determined necessary and approved by EBPB. Participant shall have a continuing
      power to designate a new beneficiary in the event of his death at any time
      prior to his death by written instrument delivered by Participant to the
      EBPB without the consent or approval of any person theretofore named as
      his beneficiary. In the event the designated beneficiary does not survive
      Participant, payment will be made to an alternate beneficiary designated
      in writing by Participant. If no such designation is in effect at the time
      of death of Participant, or if no person so designated shall survive Participant,
      payment shall be made to Participant's estate.
|--- | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    | (ii) | Payments will be made to Participant's designated
      beneficiary or Participant's estate in a single sum.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

II.  Except as provided for in this Amendment No.
  1, all other provisions of the Plan shall remain in full force and effect.

IN WITNESS WHEREOF, this Amendment No. 1 is executed this 18th
  day of December, 2002.

| | EMPLOYEE BENEFIT PLAN BOARD OF
      PPL CORPORATION                            
| | --------------------------------------------------------------------------------
| |                                                                                 
| | By:/s/ T. W. HattenT. W. Hatten
      Chairman
      Employee Benefit Plan Board