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**Exhibit 10(e)**

**CLECO POWER LLC**

**401(k) SAVINGS AND INVESTMENT PLAN**

**STOCK TRUST AGREEMENT**

** AMENDMENT NUMBER 3**

**WHEREAS**,Cleco Power LLC ("Cleco") maintains the Cleco Power LLC 401(k)Savings and Investment Plan, as that plan has been amended from time to time(the "Plan"); and

**WHEREAS**, inconnection with the Plan, Cleco maintains the Cleco Power LLC 401(k) Savingsand Investment Plan Stock Trust Agreement (the "Trust"), which Trustwas most recently amended and restated effective as of August 1, 1997; and

**WHEREAS**, theBoard of Managers of Cleco has the authority to amend the Trust, pursuant toArticles TWELFTH and THIRTEENTH thereof; and

**WHEREAS,**inconnection with the amendment and restatement of the Plan effective as ofOctober 1, 2005, the Board of Managers of Cleco desires to clarify the Trustee'sinvestment powers.

**NOW, THEREFORE,**effective as of October 1, 2005, the first sentence of the fifthparagraph of Article SECOND of the Trust is amended to read as follows:

Except, in the event of a tender or exchange offer ashereinafter provided, or in the case of fractional shares received in anydividend, stock split or other recapitalization or as necessary to make anydistribution from the Trust Fund, payment from the Trust Fund, or investmentchanges in the Trust Fund directed by the Plan Administrator, Company, orCommittee, or unless expressly prohibited by ERISA, the Trustee shall have nopower or duty to sell, tender, exchange or otherwise dispose of any of theCompany's common stock held in the Trust Fund, hereinafter referred to as the"Company Stock Fund".

** **

 

| Cleco Power LLC 401(k) Savings and    Investment Plan Stock Trust Agreement |        |
|-----------------------------------------------------------------------------|-------------|
| Amendment No. 3                                              | Page 1 of 2 |

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**THIS AMENDMENT** may have been executed in multiple counterparts, eachof which shall has been deemed an original.

| **WITNESSES**

** **Signature:      /s/   M. Todd Smith                         

Print  Name:     M. Todd Smith                            

Signature:     /s/   Patti H. Williams                        

Print  Name:     Patti H. Williams                                                                                                                                             | **CLECO POWER LLC**

** **By:     /s/  G.W. Bausewine                                     

Print  Name:     George W. Bausewine                     

Its:     Sr. Vice President - Corporate  Services     

Date:     8-2-05                                                                                                                                                                                                                                                                                                                    |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ** **

**REVIEWED AND ACCEPTED**by JPMorgan Chase Bank, appointed as the Trustee  under the Trust.

** **                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **WITNESSES**

Signature:     /s/   Lisa E. Glenn                             

Print  Name:     Lisa E. Glenn                               

Signature:     /s/   Angela Ma                                 

Print  Name:     Angela Ma                                | **JPMORGAN CHASE BANK**

** **By:     /s/  James K. Bartley                                     

Print  Name:     James K. Bartley                             

Its:     Vice President                                               

Date:     10/6/05                                                  |

 

 

| Cleco Power LLC 401(k) Savings and    Investment Plan Stock Trust Agreement |        |
|-----------------------------------------------------------------------------|-------------|
| Amendment No. 3                                              | Page 2 of 2 |

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