<TABLE> <S> <C>

<ARTICLE> UT
<SUBSIDIARY>
   <NUMBER> 005
   <NAME> SOUTHWESTERN ELECTRIC POWER COMPANY
<MULTIPLIER> 1,000
       
<S>                             <C>            <C>            <C>
<PERIOD-TYPE>                   YEAR           YEAR           YEAR
<FISCAL-YEAR-END>               DEC-31-1995    DEC-31-1994    DEC-31-1993
<PERIOD-END>                    DEC-31-1995    DEC-31-1994    DEC-31-1993
<BOOK-VALUE>                       PER-BOOK       PER-BOOK       PER-BOOK
<TOTAL-NET-UTILITY-PLANT>         1,879,656      1,856,558              0
<OTHER-PROPERTY-AND-INVEST>           3,467          3,452              0
<TOTAL-CURRENT-ASSETS>              178,448        165,113              0
<TOTAL-DEFERRED-CHARGES>             16,906         33,219              0
<OTHER-ASSETS>                       38,242         20,865              0
<TOTAL-ASSETS>                    2,116,719      2,079,207              0
<COMMON>                            135,660        135,660              0
<CAPITAL-SURPLUS-PAID-IN>           245,000        245,000              0
<RETAINED-EARNINGS>                 302,334        297,462              0
<TOTAL-COMMON-STOCKHOLDERS-EQ>      682,994        678,122              0
<PREFERRED-MANDATORY>                33,628         34,828              0
<PREFERRED>                          16,032         16,032              0
<LONG-TERM-DEBT-NET>                538,709        531,836              0
<SHORT-TERM-NOTES>                        0              0              0
<LONG-TERM-NOTES-PAYABLE>            50,000         50,000              0
<COMMERCIAL-PAPER-OBLIGATIONS>            0              0              0
<LONG-TERM-DEBT-CURRENT-PORT>           145            145              0
<PREFERRED-STOCK-CURRENT>             1,200          1,200              0
<CAPITAL-LEASE-OBLIGATIONS>          10,242         13,997              0
<LEASES-CURRENT>                      3,754          3,925              0
<OTHER-ITEMS-CAPITAL-AND-LIAB>      780,015        749,122              0
<TOT-CAPITALIZATION-AND-LIAB>     2,116,719      2,079,207              0
<GROSS-OPERATING-REVENUE>           836,705        825,296        837,192
<INCOME-TAX-EXPENSE>                 43,353         42,303         29,561
<OTHER-OPERATING-EXPENSES>          630,576        637,071        689,574
<TOTAL-OPERATING-EXPENSES>          673,929        679,374        719,135
<OPERATING-INCOME-LOSS>             162,776        145,922        118,057
<OTHER-INCOME-NET>                    4,468          8,235          8,623
<INCOME-BEFORE-INTEREST-EXPEN>      167,244        154,157        126,680
<TOTAL-INTEREST-EXPENSE>             50,130         48,445         44,804
<NET-INCOME>                        117,114        105,712         81,876
<PREFERRED-STOCK-DIVIDENDS>           3,244          3,361          3,362
<EARNINGS-AVAILABLE-FOR-COMM>       113,870        102,351         78,514
<COMMON-STOCK-DIVIDENDS>            109,000         70,000         80,000
<TOTAL-INTEREST-ON-BONDS>            44,468         43,395         40,958
<CASH-FLOW-OPERATIONS>              213,514        178,121        232,098
<EPS-PRIMARY>                           .59            .54            .42
<EPS-DILUTED>                           .59            .54            .42
        


</TABLE>