*The      Wall Street Journal*

| (i)   |     The                Shares or Share Equivalents have been earned by the Participant,                if                applicable; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)   |     The                Shares or Share Equivalents are then Vested; |
|------------------|-----------------------------------------------------------------------------------------|

| (iii)   |     The                Shares or Share Equivalents are not automatically allocated to the                Participant’s Career Share Account pursuant to Section 5.3, below;                and |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv)   |     The                Shares or Share Equivalents are not encumbered, pledged or hypothecated                in                any way. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

*Determination        Date.*

*Participant        Has Not Satisfied MSOR.*

*Participant      Has Satisfied MSOR.*

*Cash      or Stock.*

*Timing      and Form of Distribution.*

|   | (1) | *Form                of Distribution*.                The Company shall cause the Participant to be paid the full amount                credited to his or her Active Career Share Account in accordance                with his                or her effective election in one of the following                forms: |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | A                single lump sum distribution |
|--------|-----|-----------------------------------------------|

|   | (i) | as                of the First Date Available; or |
|--------|-----|---------------------------------------------------|

|   | (ii) | as                of the Next Date Available; or |
|--------|------|--------------------------------------------------|

|   | (iii) | as                of the fifth anniversary of the First Date Available;                or |
|--------|-------|-------------------------------------------------------------------------------------------|

|   | (iv) | as                of the fifth anniversary of the Next Date Available;                or |
|--------|------|------------------------------------------------------------------------------------------|

|   | (B) | In                five (5) annual installments                commencing |
|--------|-----|--------------------------------------------------------------------------|

|   | (i) | as                of the First Date Available; or |
|--------|-----|---------------------------------------------------|

|   | (ii) | as                of the Next Date Available; or |
|--------|------|--------------------------------------------------|

|   | (iii) | as                of the fifth anniversary of the First Date Available;                or |
|--------|-------|-------------------------------------------------------------------------------------------|

|   | (iv) | as                of the fifth anniversary of the Next Date Available;                or |
|--------|------|------------------------------------------------------------------------------------------|

|   | (C) | In                ten (10) annual installments                commencing. |
|--------|-----|---------------------------------------------------------------------------|

|   | (i) | as                of the First Date Available; or |
|--------|-----|---------------------------------------------------|

|   | (ii) | as                of the Next Date Available. |
|--------|------|-----------------------------------------------|

|   | (2) | *Effective                Election*.                For this purpose, a Participant’s election with respect to the                distribution of his or her Career Share Account shall not be effective                unless all of the following requirements are                satisfied. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | The                election is submitted to the Company in writing in a form determined                by                the Committee to be acceptable; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | The                election is submitted timely. For purposes of this paragraph, a                distribution election will be considered “timely” only if it is submitted                prior to the Participant’s Termination and it satisfies the requirements                of (i), (ii) or (iii), below, as may be                applicable: |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (i) | Submitted                no later than the first Determination Date after June 30, 2006 with                respect to a Participant who had neither a 12/10/2003 Performance                Share                Award nor any amount credited to his Career Share Account as of June                30,                2006; or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Submitted                during the 2006 Distribution Election Period, but only with regard                to the                first distribution election form submitted by such Participant during                that                period; or |
|--------|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | If                the Participant is submitting the election to change the timing or                form of                distribution that is then in effect with respect to the Participant’s                Career Share Account other than an effective distribution election                submitted as part of the 2006 Distribution Election Period, such                election                must be submitted at least one year prior to the date of the Participant’s                Termination. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (C) | If                the Participant is submitting the election pursuant to paragraph                (b)(2)(B)(iii) to change the timing or form of distribution that                is then                in effect with respect to the Participant’s Career Share Account (i.e.,                the Participant is not submitting an election with his initial applicable                Determination Date [(B)(i)] nor during the 2006 Distribution Election                Period [(B)(ii)], the newly selected option must result in the further                deferral of the first scheduled payment by at least 5 years. For                purposes                of compliance with the rule set forth in Section 409A(a) of                the Code (and the regulations issued thereunder), each distribution                option                described in Section 7.1(b)(1) shall be treated as a single payment                as of                the first scheduled payment date. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (D) | If                the Participant is submitting the election pursuant to paragraph                (b)(2)(B)(ii) to change the timing or form of distribution that is                then in                effect with respect to the Participant’s Career Share Account, the newly                selected option may not defer payments that the Participant would                have                received in 2006 if not for the new distribution election nor cause                payments to be made in 2006 if not for the new distribution                election. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | For                purposes of this Section 7.1(b), if a Participant’s effective distribution                election form was submitted using the options that had been made                available                under the Plan as in effect prior to January 1, 2005 [i.e., as either                (A)                a single lump-sum payment, or in annual installment payments over                not less                than two nor more than ten years; (B) commencing within 60 days after                the                date of the Participant’s Termination or the first, second, third, fourth                or fifth anniversary of the Participant’s Termination],                then: |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (A) | If                the Participant’s Termination occurs prior to the commencement of the 2006                Distribution Election Period, the Participant’s effective distribution                election form shall be given full effect. Solely for purposes of                this                paragraph (3)(A), a participant’s distribution election form shall be                considered effective notwithstanding the requirement of Section                7.1(b)(2)(B)(iii) (which requires that a form be submitted at least                one                year prior to the date of the Participant’s Termination), provided that                such form had become effective prior to the Participant’s Termination in                accordance with the terms applicable to such election form at the                time it                was submitted by the Participant;                and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (B) | If                the Participant’s Termination occurs during or after the 2006 Distribution                Election Period, the Participant shall be considered to have elected                the                corresponding option as set forth in Schedule A attached to this                Plan. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | If                the provisions of Section 7.1(b)(3) are not applicable to a Participant                and the Participant fails to submit an effective distribution election                with regard to his Career Share Account that satisfies the requirements                of                Section 7.1(b)(2)(B)(i) (by his initial applicable Determination                Date) or                Section 7.1(b)(2)(B)(ii) (during the 2006 Distribution Election Period),                as applicable, by such Determination date or the last day of the                2006                Distribution Election Period, respectively, such Participant shall                be                considered to have elected a distribution of his or her Career Share                Account in a single lump sum as of the First Date                Available. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

*“Election”      To Accelerate Payment of Career Shares Attributable to 12/10/2003 Performance      Share Award.*

*Avoiding      Violation of Applicable Law.*

|   | (1) | The                specific reasons for the denial of the                claim; |
|--------|-----|---------------------------------------------------------------------------------|

|   | (2) | Specific                reference to the provisions of the Plan upon which the denial of                the claim                was based; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | A                description of any additional material or information necessary for                the                claimant to perfect the claim and an explanation of why such material                or                information is necessary, and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | An                explanation of the review procedure specified in Section 9.2, and                the time                limits applicable to such procedures, including a statement of the                claimant’s right to bring a civil action under section 502(a) of the                Employee Retirement Income Security Act of 1974, as amended, following                an                adverse benefit determination on                review. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | The                specific reason(s) for the adverse                determination; |
|--------|-----|-------------------------------------------------------------------------------------|

|   | (2) | Reference                to the specific provisions of the Plan on which the determination                was                based; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | A                statement that the claimant is entitled to receive, upon request                and free                of charge, reasonable access to, and copies of, all documents, records                and                other information relevant to the claimant’s claim for benefits;                and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | A                statement of the claimant’s right to bring an action under Section 502(a)                of ERISA. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------|

|   | AMERICAN                ELECTRIC POWER SERVICE CORPORATION          |
|--------|---------------------------------------------------------------------|
|   |                                                                |
|   | By                /s/                Genevieve A. Tuchow       |
|   | Genevieve                A. Tuchow, Vice President, Human Resources |

----

| **Option                  Elected on Last Filed Prior Form** | **Option                  Deemed Elected Under Plan**     |
|--------------------------------------------------------------|-----------------------------------------------------------|
| **Form**                                                     | **Commencement                  Date**                    | **Form** | **Commencement                  Date** |
| Lump                  sum                                    | Termination                  (T)                          | Lump                  sum | First                  Date Available (FDA) |
| Lump                  sum                                    | 1                  year after termination (T+1)           | Lump                  sum | Next                  Date Available (NDA) |
| Lump                  sum                                    | T                  +                  2 or T + 3          | Lump                  sum | NDA |
| Lump                  sum                                    | T                  +                  4                   | Lump                  sum | 5th                  anniversary of FDA (FDA + 5) |
| Lump                  sum                                    | T                  +                  5                   | Lump                  sum | FDA                  + 5 |
| Two                  (2) annual installments                 | T                  or T + 1                               | Lump                  sum | NDA |
| Two                  (2) annual installments                 | T                  +                  2 or T + 3 or T + 4 | Five                  (5) annual installments | NDA |
| Two                  (2) annual installments                 | T                  +                  5                   | Lump                  sum | FDA                  + 5 |
| Three                  (3) annual installments               | T                                                         | Five                  (5) annual installments | FDA |
| Three                  (3) annual installments               | T                  +                  1 or T + 2 or T + 3 | Five                  (5) annual installments | NDA |
| Three                  (3) annual installments               | T                  +                  4 or T + 5          | Five                  (5) annual installments | FDA                  + 5 |
| Four                  (4) annual installments                | T                                                         | Five                  (5) annual installments | FDA |
| Four                  (4) annual installments                | T                  +                  1 or T + 2          | Five                  (5) annual installments | NDA |
| Four                  (4) annual installments                | T                  +                  3 or T + 4 or T + 5 | Five                  (5) annual installments | FDA                  + 5 |
| Five                  (5) annual installments                | T                                                         | Five                  (5) annual installments | FDA |
| Five                  (5) annual installments                | T                  +                  1 or T + 2          | Five                  (5) annual installments | NDA |
| Five                  (5) annual installments                | T                  +                  3 or T + 4 or T + 5 | Five                  (5) annual installments | FDA                  + 5 |
| Six                  (6) annual installments                 | T                                                         | Five                  (5) annual installments | FDA |
| Six                  (6) annual installments                 | T                  +                  1 or T + 2          | Five                  (5) annual installments | NDA |
| Six                  (6) annual installments                 | T                  +                  3 or T + 4 or T + 5 | Five                  (5) annual installments | FDA                  + 5 |
| Seven                  (7) annual installments               | T                                                         | Five                  (5) annual installments | FDA |
| Seven                  (7) annual installments               | T                  +                  1 or T + 2          | Five                  (5) annual installments | NDA |
| Seven                  (7) annual installments               | T                  +                  3 or T + 4 or T + 5 | Five                  (5) annual installments | FDA                  + 5 |
| Eight                  (8) annual installments               | T                                                         | Five                  (5) annual installments | FDA |
| Eight                  (8) annual installments               | T                  +                  1 or T + 2          | Five                  (5) annual installments | NDA |
| Eight                  (8) annual installments               | T                  +                  3 or T + 4 or T + 5 | Five                  (5) annual installments | FDA                  + 5 |
| Nine                  (9) annual installments                | T                                                         | Ten                  (10) annual installments | FDA |
| Nine                  (9) annual installments                | T                  +                  1 or T + 2 or T + 3 | Ten                  (10) annual installments | NDA |
| Nine                  (9) annual installments                | T                  +                  4 or T + 5          | Ten                  (10) annual installments | FDA                  + 5 |
| Ten                  (10) annual installments                | T                                                         | Ten                  (10) annual installments | FDA |
| Ten                  (10) annual installments                | T                  +                  1 or T + 2 or T + 3 | Ten                  (10) annual installments | NDA |
| Ten                  (10) annual installments                | T                  +                  4 or T + 5          | Ten                  (10) annual installments | FDA                  + 5 |