UNITED STATES SECURITIES AND EXCHANGE COMMISSION

		   Washington, D. C. 20549



			  FORM 10-Q



      [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
	   OF THE SECURITIES EXCHANGE ACT OF 1934


	   For the quarterly period ended June 30, 1998

			      OR

[  ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
	   OF THE SECURITIES EXCHANGE ACT OF 1934


	      Exact name of Registrants as specified
	      in their charters, address of principal   IRS Employer
Commission           executive offices and              Identification
File Number       Registrants' telephone number             Number
-----------   ---------------------------------------   --------------
  1-8841                  FPL GROUP, INC.                 59-2449419
  1-3545          FLORIDA POWER & LIGHT COMPANY           59-0247775
		      700 Universe Boulevard
		    Juno Beach, Florida 33408
			 (561) 694-4000


State or other jurisdiction of incorporation or organization:  Florida


Indicate by check mark whether the registrants (1) have filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934 during the preceding 12 months and (2) have been subject to such filing 
requirements for the past 90 days.    Yes  X        No ___

		  APPLICABLE ONLY TO CORPORATE ISSUERS:

The number of shares outstanding of each class of FPL Group, Inc. common 
stock, as of the latest practicable date:  Common Stock, $.01 Par Value, 
outstanding at June 30, 1998:  181,217,035 shares

As of June 30, 1998, there were issued and outstanding 1,000 shares of 
Florida Power & Light Company's common stock, without par value, all of which 
were held, beneficially and of record, by FPL Group, Inc.

		     ______________________________

This combined Form 10-Q represents separate filings by FPL Group, Inc. and 
Florida Power & Light Company.  Information contained herein relating to an 
individual registrant is filed by that registrant on its own behalf.  Florida 
Power & Light Company makes no representations as to the information relating 
to FPL Group, Inc.'s other operations.

      
      
      
      
      SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION
			 REFORM ACT OF1995

In connection with the safe harbor provisions of the Private Securities 
Litigation Reform Act of 1995 (Reform Act), FPL Group, Inc. (FPL Group) and 
Florida Power & Light Company (FPL) (collectively, the Company) are hereby 
filing cautionary statements identifying important factors that could cause the 
Company's actual results to differ materially from those projected in forward-
looking statements (as such term is defined in the Reform Act) of the Company 
made by or on behalf of the Company which are made in this combined Form 10-Q, 
in presentations, in response to questions or otherwise.  Any statements that 
express, or involve discussions as to, expectations, beliefs, plans, 
objectives, assumptions or future events or performance (often, but not always, 
through the use of words or phrases such as will likely result, are expected 
to, will continue, is anticipated, estimated, projection, outlook) are not 
statements of historical facts and may be forward-looking.  Forward-looking 
statements involve estimates, assumptions and uncertainties that could cause 
actual results to differ materially from those expressed in the forward-looking 
statements.  Accordingly, any such statements are qualified in their entirety 
by reference to, and are accompanied by, the following important factors that 
could cause the Company's actual results to differ materially from those 
contained in forward-looking statements of the Company made by or on behalf of 
the Company.

Any forward-looking statement speaks only as of the date on which such 
statement is made, and the Company undertakes no obligation to update any 
forward-looking statement or statements to reflect events or circumstances 
after the date on which such statement is made or to reflect the occurrence of 
unanticipated events.  New factors emerge from time to time and it is not 
possible for management to predict all of such factors, nor can it assess the 
impact of each such factor on the business or the extent to which any factor, 
or combination of factors, may cause actual results to differ materially from 
those contained in any forward-looking statements.

Some important factors that could cause actual results or outcomes to differ 
materially from those discussed in the forward-looking statements include 
prevailing governmental policies and regulatory actions, including those of the 
Federal Energy Regulatory Commission (FERC), the Florida Public Service 
Commission (FPSC) and the Nuclear Regulatory Commission, with respect to 
allowed rates of return, industry and rate structure, operation of nuclear 
power facilities, acquisition and disposal of assets and facilities, operation 
and construction of plant facilities, recovery of fuel and purchased power 
costs, decommissioning costs, and present or prospective wholesale and retail 
competition (including but not limited to retail wheeling and transmission 
costs).

The business and profitability of the Company are also influenced by economic 
and geographic factors including political and economic risks, changes in and 
compliance with environmental and safety laws and policies, weather conditions 
(including natural disasters such as hurricanes), population growth rates and 
demographic patterns, competition for retail and wholesale customers, pricing 
and transportation of commodities, market demand for energy from plants or 
facilities, changes in tax rates or policies or in rates of inflation, 
unanticipated development project delays or changes in project costs, 
unanticipated changes in operating expenses and capital expenditures, capital 
market conditions, competition for new energy development opportunities, legal 
and administrative proceedings (whether civil, such as environmental, or 
criminal) and settlements, and any unanticipated impact of the year 2000, 
including delays or changes in costs of year 2000 compliance, or the failure of 
major suppliers, customers and others with whom FPL does business to resolve 
their own year 2000 issues on a timely basis.

All such factors are difficult to predict, contain uncertainties which may 
materially affect actual results, and are beyond the control of the Company.





		     PART I - FINANCIAL INFORMATION

Item 1.  Financial Statements

			   FPL GROUP, INC.
	      CONDENSED CONSOLIDATED STATEMENTS OF INCOME
		(In millions, except per share amounts)
			     (Unaudited)

<TABLE>
<CAPTION>

								    Three Months Ended        Six Months Ended
									June 30,                  June 30,       
								   --------------------      ------------------
								    1998         1997         1998        1997   
								   ------       -------      ------      ------
<S>                                                                <C>          <C>          <C>         <C>
OPERATING REVENUES ..............................................  $1,692       $ 1,587      $3,031      $3,032

OPERATING EXPENSES:
  Fuel, purchased power and interchange .........................     558           560         994       1,104
  Other operations and maintenance...............................     319           298         618         567
  Depreciation and amortization .................................     348           262         597         530
  Taxes other than income taxes .................................     150           146         286         285
    Total operating expenses ....................................   1,375         1,266       2,495       2,486

OPERATING INCOME ................................................     317           321         536         546

OTHER INCOME (DEDUCTIONS):
  Interest charges ..............................................     (64)          (74)       (127)       (145)
  Preferred stock dividends - FPL ...............................      (4)           (4)         (7)        (10)
  Other - net ...................................................      16             4          22          12
    Total other deductions - net ................................     (52)          (74)       (112)       (143)
								  
								  
INCOME BEFORE INCOME TAXES ......................................     265           247         424         403

INCOME TAXES ....................................................      89            83         140         138

NET INCOME ......................................................  $  176      $    164     $   284     $   265

Earnings per share of common stock (basic and assuming dilution).  $ 1.02      $   0.95     $  1.65     $  1.53
Dividends per share of common stock .............................  $ 0.50      $   0.48     $  1.00     $  0.96
Average number of common shares outstanding .....................     173           173         173         173
</TABLE>


This report should be read in conjunction with the Notes to Condensed 
Consolidated Financial Statements on Pages 9 through 11 herein and the Notes to 
Consolidated Financial Statements appearing in the combined Annual Report on 
Form 10-K for the fiscal year ended December 31, 1997 (1997 Form 10-K) for FPL 
Group and FPL.





			   FPL GROUP, INC.
	       CONDENSED CONSOLIDATED BALANCE SHEETS
		       (Millions of Dollars)

<TABLE>
<CAPTION>
									       June 30,
										 1998         December 31,
									      (Unaudited)         1997    
									      -----------     ------------
<S>                                                                             <C>             <C>
PROPERTY, PLANT AND EQUIPMENT:
  Electric utility plant in service and other property,                   
  including nuclear fuel and construction work in progress ...............      $17,955         $17,820
  Less accumulated depreciation and amortization .........................       (9,049)         (8,466)
    Total property, plant and equipment - net ............................        8,906           9,354

CURRENT ASSETS:
  Cash and cash equivalents ..............................................          428              54
  Customer receivables, net of allowances of $8 and $9, respectively .....          613             501
  Materials, supplies and fossil fuel inventory - at average cost ........          282             302
  Other ..................................................................          306             244
    Total current assets .................................................        1,629           1,101

OTHER ASSETS:
  Special use funds of FPL ...............................................        1,146           1,007
  Other investments ......................................................          399             282
  Other ..................................................................          764             705
    Total other assets ...................................................        2,309           1,994

TOTAL ASSETS .. ..........................................................      $12,844         $12,449


CAPITALIZATION:
  Common stock ...........................................................      $     2         $     2
  Additional paid-in capital..............................................        3,018           3,038
  Retained earnings.......................................................        1,915           1,804
  Accumulated other comprehensive income..................................            1               1
    Total common shareholders' equity.....................................        4,936           4,845
  Preferred stock of FPL without sinking fund requirements ...............          226             226
  Long-term debt .........................................................        2,862           2,949
    Total capitalization .................................................        8,024           8,020

CURRENT LIABILITIES:
  Debt and preferred stock due within one year ...........................          456             332
  Accounts payable .......................................................          353             368
  Accrued interest, taxes and other ......................................        1,075             799
    Total current liabilities ............................................        1,884           1,499

OTHER LIABILITIES AND DEFERRED CREDITS:
  Accumulated deferred income taxes ......................................        1,428           1,473
  Unamortized regulatory and investment tax credits ......................          374             395
  Other ..................................................................        1,134           1,062
    Total other liabilities and deferred credits .........................        2,936           2,930

COMMITMENTS AND CONTINGENCIES

TOTAL CAPITALIZATION AND LIABILITIES .....................................      $12,844         $12,449
</TABLE>


This report should be read in conjunction with the Notes to Condensed 
Consolidated Financial Statements on Pages 9 through 11 herein and the Notes to 
Consolidated Financial Statements appearing in the 1997 Form 10-K for FPL Group 
and FPL.





			     FPL GROUP, INC.
	     CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
			 (Millions of Dollars)
			      (Unaudited)
<TABLE>
<CAPTION>

										       Six Months Ended
											    June 30,      
										      -----------------
										      1998        1997   
										      -----       -----
<S>                                                                                   <C>         <C>
NET CASH PROVIDED BY OPERATING ACTIVITIES ...................................         $ 997       $ 953

CASH FLOWS FROM INVESTING ACTIVITIES:
  Capital expenditures of FPL ...............................................          (327)       (230)
  Independent power investments .............................................          (395)       (237)
  Distributions and loan repayments from partnerships and joint ventures ....           236          21
  Other - net ...............................................................           (43)         28
      Net cash used in investing activities .................................          (529)       (418)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of long-term debt ................................................           197          21
  Retirement of long-term debt and preferred stock ..........................          (189)       (205)
  Increase (decrease) in short-term debt ....................................           103         (11)
  Repurchase of common stock ................................................           (33)        (32)
  Dividends on common stock .................................................          (172)       (166)
      Net cash used in financing activities .................................           (94)       (393)

Net increase in cash and cash equivalents ...................................           374         142

Cash and cash equivalents at beginning of period ............................            54         196
  
Cash and cash equivalents at end of period ..................................         $ 428       $ 338

Supplemental disclosures of cash flow information:
  Cash paid for interest ....................................................         $ 129       $ 139
  Cash paid for income taxes ................................................         $  13       $  85

Supplemental schedule of noncash investing and financing activities:
  Additions to capital lease obligations ....................................         $   2       $  40
  Debt assumed for property additions .......................................             -       $ 420
</TABLE>


This report should be read in conjunction with the Notes to Condensed 
Consolidated Financial Statements on Pages 9 through 11 herein and the Notes to 
Consolidated Financial Statements appearing in the 1997 Form 10-K for FPL Group 
and FPL.





		     FLORIDA POWER & LIGHT COMPANY
	      CONDENSED CONSOLIDATED STATEMENTS OF INCOME
			(Millions of Dollars)
			     (Unaudited)

<TABLE>
<CAPTION>
							    Three Months Ended      Six Months Ended
								 June 30,               June 30,     
							   ------------------     -----------------
							     1998      1997        1998       1997  
							   -------    -------     ------     ------
<S>                                                         <C>       <C>         <C>        <C>
OPERATING REVENUES .................................        $1,634    $1,541      $2,929     $2,940

OPERATING EXPENSES:
  Fuel, purchased power and interchange ............           546       551         977      1,076
  Other operations and maintenance .................           285       278         553        525
  Depreciation and amortization ....................           342       256         585        518
  Income taxes .....................................            96        92         154        150
  Taxes other than income taxes ....................           149       144         284        283
    Total operating expenses .......................         1,418     1,321       2,553      2,552

OPERATING INCOME ...................................           216       220         376        388

OTHER INCOME (DEDUCTIONS):
  Interest charges .................................           (49)      (57)       (100)      (117)
  Other - net ......................................             -         1          (3)         3
    Total other deductions - net ...................           (49)      (56)       (103)      (114)

NET INCOME .........................................           167       164         273        274

PREFERRED STOCK DIVIDENDS ..........................             4         4           7         10

NET INCOME AVAILABLE TO FPL GROUP ..................        $  163    $  160      $  266     $  264
</TABLE>


This report should be read in conjunction with the Notes to Condensed 
Consolidated Financial Statements on Pages 9 through 11 herein and the Notes to 
Consolidated Financial Statements appearing in the 1997 Form 10-K for FPL Group 
and FPL.





		     FLORIDA POWER & LIGHT COMPANY
		 CONDENSED CONSOLIDATED BALANCE SHEETS
			 (Millions of Dollars)

<TABLE>
<CAPTION>
										     June 30,
										       1998         December 31,
										    (Unaudited)         1997    
										    -----------     ------------

<S>                                                                                  <C>             <C>
ELECTRIC UTILITY PLANT:
  Plant in service, including nuclear fuel and construction work in progress ...     $17,340         $17,136
  Less accumulated depreciation and amortization ...............................      (8,930)         (8,355)
    Electric utility plant - net ...............................................       8,410           8,781

CURRENT ASSETS:
  Cash and cash equivalents ....................................................         357               3
  Customer receivables, net of allowances of $8 and $9, respectively ...........         582             471
  Materials, supplies and fossil fuel inventory - at average cost ..............         225             242
  Other ........................................................................         291             226
    Total current assets .......................................................       1,455             942

OTHER ASSETS:
  Special use funds ............................................................       1,146           1,007
  Other ........................................................................         451             442
    Total other assets .........................................................       1,597           1,449

TOTAL ASSETS ...................................................................     $11,462         $11,172


CAPITALIZATION:
  Common shareholder's equity ..................................................     $ 4,863         $ 4,814
  Preferred stock without sinking fund requirements ............................         226             226
  Long-term debt ...............................................................       2,418           2,420
    Total capitalization .......................................................       7,507           7,460

CURRENT LIABILITIES:
  Debt and preferred stock due within one year .................................         201             220
  Accounts payable .............................................................         324             344
  Accrued interest, taxes and other ............................................       1,033             748
    Total current liabilities ..................................................       1,558           1,312

OTHER LIABILITIES AND DEFERRED CREDITS:
  Accumulated deferred income taxes ............................................       1,029           1,070
  Unamortized regulatory and investment tax credits ............................         374             395
  Other ........................................................................         994             935
    Total other liabilities and deferred credits ...............................       2,397           2,400

COMMITMENTS AND CONTINGENCIES

TOTAL CAPITALIZATION AND LIABILITIES ...........................................     $11,462         $11,172
</TABLE>


This report should be read in conjunction with the Notes to Condensed 
Consolidated Financial Statements on Pages 9 through 11 herein and the Notes to 
Consolidated Financial Statements appearing in the 1997 Form 10-K for FPL Group 
and FPL.





		    FLORIDA POWER & LIGHT COMPANY
	    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
			(Millions of Dollars)
			     (Unaudited)

<TABLE>
<CAPTION>
									      Six Months Ended
										  June 30,     
									      ----------------
									      1998        1997  
									      -----       -----
<S>                                                                           <C>         <C>
NET CASH PROVIDED BY OPERATING ACTIVITIES ..............................      $ 971       $ 851

CASH FLOWS FROM INVESTING ACTIVITIES:
  Capital expenditures .................................................       (327)       (230)
  Other - net ..........................................................        (43)        (47)
      Net cash used in investing activities ............................       (370)       (277)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of long-term debt ...........................................        197           -
  Retirement of long-term debt and preferred stock .....................       (180)       (194)
  Decrease in commercial paper .........................................        (39)          - 
  Dividends ............................................................       (225)       (224)
    Net cash used in financing activities ..............................       (247)       (418)

Net increase in cash and cash equivalents ..............................        354         156

Cash and cash equivalents at beginning of period .......................          3          78

Cash and cash equivalents at end of period .............................      $ 357       $ 234

Supplemental disclosures of cash flow information:
  Cash paid for interest ...............................................      $  99       $ 113
  Cash paid for income taxes ...........................................      $  22       $ 197

Supplemental schedule of noncash investing and financing activities:
  Additions to capital lease obligations ...............................      $   2       $  40
</TABLE>


This report should be read in conjunction with the Notes to Condensed 
Consolidated Financial Statements on Pages 9 through 11 herein and the Notes to 
Consolidated Financial Statements appearing in the 1997 Form 10-K for FPL Group 
and FPL.





	     FPL GROUP, INC. AND FLORIDA POWER & LIGHT COMPANY
	    NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
			      (Unaudited)


The accompanying condensed consolidated financial statements should be read in 
conjunction with the combined 1997 Form 10-K for FPL Group and FPL.  In the 
opinion of FPL Group and FPL, all adjustments (consisting of normal recurring 
accruals) considered necessary for fair financial statement presentation have 
been made.  Certain amounts included in the prior year's consolidated financial 
statements have been reclassified to conform to the current year's 
presentation.  The results of operations for an interim period may not give a 
true indication of results for the year.

1.  Summary of Significant Accounting and Reporting Policies

Revenues and Rates - In March 1998, a large customer of FPL withdrew its 
petition requesting a limited scope proceeding to reduce FPL's base rates.  The 
docket was subsequently closed by the FPSC.

2.  Capitalization

FPL Group Common Stock - During the three and six months ended June 30, 1998, 
FPL Group repurchased 264,600 shares and 544,600 shares of common stock, 
respectively, under its share repurchase program.  A total of approximately 1.2 
million shares have been repurchased under the share repurchase program that 
began in April 1997.

Long-Term Debt - In June 1998, FPL sold $200 million principal amount of first 
mortgage bonds maturing in June 2008, with an interest rate of 6%. The proceeds 
were used in July 1998 to redeem approximately $200 million principal amount of 
first mortgage bonds, maturing in 2007 and 2012, bearing interest at 7.875%.

In July 1998, a subsidiary of FPL Group Capital Inc (FPL Group Capital) sold 
$150 million of senior secured bonds maturing in 2018, bearing interest at 
7.645%.

Long-Term Incentive Plan - Performance shares granted to date under FPL Group's 
long-term incentive plan resulted in assumed incremental shares of common stock 
outstanding for purposes of computing both basic and diluted earnings per share 
for the three and six months ended June 30, 1998 and 1997.  These incremental 
shares were not material in the periods presented and did not cause diluted 
earnings per share to differ from basic earnings per share.

Other - In the first quarter of 1998, FPL Group adopted Statement of Financial 
Accounting Standards No. (FAS) 130, "Reporting Comprehensive Income."  The 
statement establishes standards for reporting comprehensive income and its 
components. Comprehensive income of FPL Group totaling $176 million and $164 
million for the three months ended June 30, 1998 and 1997, respectively, and, 
$284 million and $265 million for the six months ended June 30, 1998 and 1997, 
respectively, includes net income, and changes in unrealized gains (losses) on 
securities and foreign currency translation adjustments. Accumulated other 
comprehensive income is separately displayed in the condensed consolidated 
balance sheets of FPL Group.

3.  Commitments and Contingencies

Commitments - FPL has made commitments in connection with a portion of its 
projected capital expenditures.  Capital expenditures for the construction or 
acquisition of additional facilities and equipment to meet customer demand 
are estimated to be approximately $2.0 billion for 1998 through 2000.  
Included in this three-year forecast are capital expenditures for 1998 of 
approximately $620 million, of which $327 million had been spent through 
June 30, 1998.  Also, in January 1998 FPL Group announced plans to purchase 
all of Central Maine Power Company's (Central Maine) non-nuclear generation 
assets. The Central Maine transaction is expected to close in the fourth 
quarter of 1998, subject to approval by federal and state regulators.  
Commitments for independent power investments, including the acquisition 
mentioned above, are approximately $850 million for 1998.  FPL Group Capital 
and its subsidiaries have guaranteed approximately $221 million of purchase 
power agreement obligations, debt service payments and other payments subject 
to certain contingencies.

Insurance - Liability for accidents at nuclear power plants is governed by 
the Price-Anderson Act, which limits the liability of nuclear reactor owners 
to the amount of the insurance available from private sources and under an 
industry retrospective payment plan.  In accordance with this Act, FPL 
maintains $200 million of private liability insurance, which is the maximum 
obtainable, and participates in a secondary financial protection system under 
which it is subject to retrospective assessments of up to $327 million per 
incident at any nuclear utility reactor in the United States, payable at a 
rate not to exceed $40 million per incident per year.

FPL participates in nuclear insurance mutual companies that provide $2.75 
billion of limited insurance coverage for property damage, decontamination 
and premature decommissioning risks at its nuclear plants.  The proceeds from 
such insurance, however, must first be used for reactor stabilization and 
site decontamination before they can be used for plant repair.  FPL also 
participates in an insurance program that provides limited coverage for 
replacement power costs if a nuclear plant is out of service because of an 
accident.  In the event of an accident at one of FPL's or another 
participating insured's nuclear plants, FPL could be assessed up to $54 
million in retrospective premiums.

In the event of a catastrophic loss at one of FPL's nuclear plants, the 
amount of insurance available may not be adequate to cover property damage 
and other expenses incurred.  Uninsured losses, to the extent not recovered 
through rates, would be borne by FPL and could have a material adverse effect 
on FPL Group's and FPL's financial condition.

FPL self-insures certain of its transmission and distribution (T&D) property 
due to the high cost and limited coverage available from third-party 
insurers.  FPL maintains a funded storm and property insurance reserve, which 
totaled approximately $269 million at June 30, 1998, for T&D property storm 
damage or assessments under the nuclear insurance program.  Recovery from 
customers of any losses in excess of the storm and property insurance reserve 
will require the approval of the FPSC.  FPL's available lines of credit 
include $300 million to provide additional liquidity in the event of a T&D 
property loss.

Contracts - FPL has entered into certain long-term purchased power and fuel 
contracts.  Take-or-pay purchased power contracts with the Jacksonville 
Electric Authority (JEA) and with subsidiaries of the Southern Company 
(Southern Companies) provide approximately 1,300 megawatts (mw) of power 
through mid-2010, and thereafter 383 mw through 2022.  FPL also has various 
firm pay-for-performance contracts to purchase approximately 1,000 mw from 
certain cogenerators and small power producers (qualifying facilities) with 
expiration dates ranging from 2002 through 2026.  The purchased power 
contracts provide for capacity and energy payments.  Energy payments are 
based on the actual power taken under these contracts.  Capacity payments for 
the pay-for-performance contracts are subject to the qualifying facilities 
meeting certain contract conditions.  Fuel contracts provide for the 
transportation and supply of natural gas and coal.  Commitments to purchase 
Orimulsion, a controversial fuel from Venezuela, have been eliminated as a 
result of the rejection in June 1998, by Florida's Power Plant Siting Board, 
of FPL's application to burn Orimulsion at its Manatee Power Plant.

The required capacity and minimum payments through 2002 under these contracts 
are estimated to be as follows:

					     1998   1999   2000   2001   2002
					     ----   ----   ----   ----   ----
						  (Millions of Dollars)
Capacity payments:
  JEA and Southern Companies ..............  $200   $210   $210   $210   $210
  Qualifying facilities (a) ...............  $350   $360   $370   $380   $400
Minimum payments, at projected prices:
  Natural gas, including transportation ...  $250   $210   $210   $210   $240
  Coal ....................................  $ 50   $ 40   $ 40   $ 40   $ 40

(a) Includes approximately $35 million, $40 million, $40 million, $40 million 
    and $45 million, respectively, for capacity payments associated with two 
    contracts that are currently in dispute.  These capacity payments are 
    subject to the outcome of the related litigation.  See Litigation.

Capacity, energy and fuel charges under these contracts were as follows:
<TABLE>
<CAPTION>
				     Three Months Ended June 30,                   Six Months Ended June 30,        
				 1998 Charges           1997 Charges          1998 Charges           1997 Charges   
			      ------------------     ------------------    ------------------     ------------------
					Energy/                Energy/               Energy/                Energy/
			      Capacity  Fuel (a)     Capacity  Fuel (a)    Capacity  Fuel (a)     Capacity  Fuel (a)
			      --------  --------     --------  --------    --------  --------     --------  --------
							       (Millions of Dollars)
<S>                            <C>        <C>         <C>        <C>        <C>        <C>         <C>        <C>
JEA and Southern Companies ..  $54(b)     $35         $50(b)     $ 38       $105(b)    $ 66        $102(b)    $ 73
Qualifying facilities........  $75(c)     $28         $74(c)     $ 31       $149(c)    $ 54        $148(c)    $ 60
Natural gas .................    -        $84           -        $112          -       $138           -       $201
Coal ........................    -        $11           -        $ 14          -       $ 23           -       $ 26

(a)  Recovered through the fuel and purchased power cost recovery clause (fuel clause).
(b)  Recovered through base rates and the capacity cost recovery clause (capacity clause).
(c)  Recovered through the capacity clause.
</table


Litigation - In 1997, FPL filed a complaint against the owners of two 
qualifying facilities (plant owners) seeking an order declaring that FPL's 
obligations under the power purchase agreements with the qualifying 
facilities were rendered of no force and effect because the power plants 
failed to accomplish commercial operation before January 1, 1997, as required 
by the agreements.  In 1997, the plant owners filed for bankruptcy under 
Chapter XI of the United States Bankruptcy Code, ceased all attempts to 
operate the power plants and entered into an agreement with the holders of 
more than 70% of the bonds that partially financed the construction of the 
plants.  This agreement gives the holders of a majority of the principal 
amount of the bonds (the majority bondholders) the right to control, fund and 
manage any litigation against FPL and the right to settle with FPL on any 
terms such holders approve, provided that certain agreements are not affected 
and certain conditions are met.  In January 1998, the plant owners (through 
the attorneys for the majority bondholders) filed an answer denying the 
allegations in FPL's complaint and asserted a counterclaim for approximately 
$2 billion, consisting of all capacity payments that could have been made 
over the 30-year term of the power purchase agreements, plus some security 
deposits.  The plant owners also seek three times their actual damages for 
alleged violations of Florida antitrust laws, plus attorneys' fees.

The Florida Municipal Power Agency (FMPA), an organization comprised of 
municipal electric utilities, has sued FPL for allegedly breaching a 
"contract" to provide transmission service to the FMPA and its members and 
for breaching antitrust laws by monopolizing or attempting to monopolize the 
provision, coordination and transmission of electric power in refusing to 
provide transmission service, or to permit the FMPA to invest in and use 
FPL's transmission system, on the FMPA's proposed terms.  The FMPA seeks $140 
million in damages, before trebling for the antitrust claim, and court orders 
requiring FPL to permit the FMPA to invest in and use FPL's transmission 
system on "reasonable terms and conditions" and on a basis equal to FPL.  In 
1995, the Court of Appeals vacated the District Court's summary judgment in 
favor of FPL and remanded the matter to the District Court for further 
proceedings.  In 1996, the District Court ordered the FMPA to seek a 
declaratory ruling from the FERC regarding certain issues in the case.  All 
other action in the case has been stayed pending the FERC's ruling.

A former cable installation contractor for Telesat Cablevision, Inc. 
(Telesat), a wholly-owned subsidiary of FPL Group Capital, sued FPL Group, 
FPL Group Capital and Telesat for breach of contract, fraud, violation of 
racketeering statutes and several other claims.  The trial court entered a 
judgment in favor of FPL Group and Telesat on nine of twelve counts, 
including all of the racketeering and fraud claims, and in favor of FPL Group 
Capital on all counts.  It also denied all parties' claims for attorneys' 
fees.  However, the jury in the case awarded the contractor damages totaling 
approximately $6 million against FPL Group and Telesat for breach of contract 
and tortious interference.  All parties have appealed.

FPL Group and FPL believe that they have meritorious defenses to the 
litigation to which they are parties and are vigorously defending the suits. 
 Accordingly, the liabilities, if any, arising from the proceedings are not 
anticipated to have a material adverse effect on their financial statements.

4.  Summarized Financial Information of FPL Group Capital

FPL Group Capital's debenture is guaranteed by FPL Group and included in FPL 
Group's condensed consolidated balance sheets.  For the three months ended 
June 30, 1998 and 1997, operating revenues of FPL Group Capital were 
approximately $58 million and $46 million, respectively.  Operating expenses 
were approximately $54 million and $36 million, respectively, and net income 
was approximately $18 million and $9 million, respectively, for the same 
periods.  Operating revenues of FPL Group Capital for the six months ended 
June 30, 1998 and 1997 were approximately $102 million and $92 million, 
respectively.  For the same periods, operating expenses were approximately 
$95 million and $83 million, respectively, and net income was approximately 
$29 million and $10 million, respectively.

At June 30, 1998, FPL Group Capital had approximately $280 million of current 
assets, $1.5 billion of noncurrent assets, $383 million of current 
liabilities and $1.0 billion of noncurrent liabilities.  At December 31, 
1997, FPL Group Capital had current assets of approximately $156 million, 
noncurrent assets of $1.4 billion, current liabilities of $252 million and 
noncurrent liabilities of $999 million.

Management has not presented separate financial statements and other 
disclosures concerning FPL Group Capital because management has determined 
that such information is not material to holders of the FPL Group Capital 
debenture.





Item 2.  Management's Discussion and Analysis of Financial Condition and 
Results of Operations

This discussion should be read in conjunction with the Notes to Condensed 
Consolidated Financial Statements contained herein and Management's Discussion 
and Analysis of Financial Condition and Results of Operations appearing in the 
1997 Form 10-K for FPL Group and FPL.  The results of operations for an interim 
period may not give a true indication of results for the year.  In the 
following discussion, all comparisons are with the corresponding items in the 
prior year.

RESULTS OF OPERATIONS

The generation, transmission, distribution and sale of electric energy by FPL 
continues to represent the principal operations of FPL Group.  However, 
growth in FPL Group's net income for the three and six months ended June 30, 
1998 was primarily due to better operating results at FPL Energy, Inc.'s (FPL 
Energy) independent power investments.  FPL's net income available to FPL 
Group also increased, mainly due to higher customer usage and customer 
growth, partly offset by higher depreciation and O&M expenses.
 
FPL's revenues from base rates for the three and six months ended June 30, 
1998 increased to $970 million and $1.72 billion, respectively, from $875 
million and $1.64 billion for the same period in 1997.  The improvements 
resulted from increases in energy usage per retail customer of 8.3% and 2.4%, 
respectively, primarily due to weather conditions, and customer growth of 
1.9% and 1.8%, respectively. Cost recovery clause revenues and franchise fees 
comprise substantially all of the remaining operating revenues. Such revenues 
represent a pass-through of costs and do not significantly affect net income. 
 Fluctuations in these revenues are primarily driven by changes in energy 
sales, fuel prices and capacity charges.

O&M expenses increased for the three and six months ended June 30, 1998, 
primarily due to additional spending associated with improving service 
reliability.  Depreciation and amortization expense in all periods presented 
includes amortization recorded under the special amortization program, which 
is a function of retail base revenues. Depreciation and amortization expense 
increased for the three and six months ended June 30, 1998 mainly due to the 
increase in revenues discussed above.  Also, in June 1998 the FPSC approved, 
on an interim basis, higher depreciation rates for FPL.  The higher 
depreciation rates will result in an annual increase in depreciation expense 
of $25 million, half of which was recorded in the second quarter of 1998.  
The FPSC is expected to give final consideration to this matter in the fourth 
quarter of 1998.  Interest and preferred stock dividend requirements declined 
for the three and six months ended June 30, 1998, resulting from continued 
reductions in average debt and preferred stock balances.

FPL Energy's operating results improved for the three and six months ended 
June 30, 1998.  The improvements primarily reflect better over-all results 
from FPL Energy's earnings in independent power investments.
 
FPL Group is continuing to work to resolve the potential impact of the year 
2000 on the processing of information by its computer systems.  An assessment 
of the information technology infrastructure, computer applications and 
computerized processes embedded in operating equipment has been substantially 
completed and work is underway to make the necessary modifications. 
Additionally, FPL Group is actively communicating with major suppliers, 
customers, financial institutions and others to ensure that electronic 
interfaces with these parties will continue to function properly into 2000. 
The cost of addressing year 2000 issues is estimated to be approximately $50 
million, a small portion of which has been spent to date. The majority of 
these costs represent the redeployment of existing resources and therefore, 
are not expected to have a significant effect on O&M expenses.  Work related 
to the year 2000 effort is expected to be completed in 1999.

In June 1998, the Financial Accounting Standards Board issued FAS 133, 
"Accounting for Derivative Instruments and Hedging Activities."  The 
statement establishes accounting and reporting standards requiring that every 
derivative instrument (including certain derivative instruments embedded in 
other contracts) be recorded in the balance sheet as either an asset or 
liability measured at its fair value.  The statement requires that changes in 
the derivative's fair value be recognized currently in earnings unless 
specific hedge accounting criteria are met.  FPL Group is currently assessing 
the effect, if any, on its financial statements of implementing FAS 133.  
FPL's energy marketing and trading division uses forward contracts and 
options to manage fuel costs and to market any excess generation.  
Substantially all of the results of these activities are reflected in the 
fuel or the capacity clauses and, accordingly, do not affect net income.  FPL 
Group will be required to adopt the standard in 2000.

LIQUIDITY AND CAPITAL RESOURCES

Using available cash flows from operations, FPL repaid certain series of 
secured medium-term notes that matured during the first quarter of 1998.  
Additionally, during the three and six months ended June 30, 1998, FPL Group 
repurchased 264,600 and 544,600 shares of common stock, respectively.  These 
actions are consistent with management's intent to reduce debt and preferred 
stock balances and the number of outstanding shares of common stock.  See 
Note 2.

In June 1998, the FPSC denied FPL's request to increase the $20 million 
annual storm fund contribution.  FPL does not intend to contest the denial.

In March 1998, FPL filed with the FPSC a ten-year power plant site plan that 
includes adding approximately 2,500 mw of generating capacity to meet the 
electricity needs of a growing customer base.  The plan includes repowering 
two existing plants by 2002 and 2004, respectively, and adding two new gas-
fired units in 2006 and 2007 at the Martin power plant.  For information 
concerning capital commitments, see Note 3.



			
			
			
			PART II - OTHER INFORMATION

Item 4.  Submission of Matters to a Vote of Security Holders

FPL Group:

(a)    The Annual Meeting of FPL Group's shareholders was held on May 18,
       1998. Of the 181,512,385 shares of common stock outstanding on the
       record date of March  9, 1998, a total of 148,229,362 shares were
       represented in person or by proxy.

(b)    The following directors were elected effective May 18, 1998:


						     Votes Cast       
					     -------------------------        
							    Against or
						 For         Withheld 
					     -----------    ----------

	H. Jesse Arnelle .................   145,960,657     2,268,705
	Sherry S. Barrat .................   145,943,226     2,286,136
	Robert M. Beall, II ..............   145,391,428     2,837,934
	James L. Broadhead ...............   145,775,626     2,453,736
	J. Hyatt Brown ...................   145,943,100     2,286,262
	Armando M. Codina ................   145,944,064     2,285,298
	Marshall M. Criser ...............   146,001,872     2,227,490
	B. F. Dolan ......................   146,014,942     2,214,420
	Willard D. Dover .................   145,475,478     2,753,884
	Alexander W. Dreyfoos, Jr.........   146,053,943     2,175,419
	Paul J. Evanson ..................   145,979,518     2,249,844
	Drew Lewis .......................   145,860,701     2,368,661
	Frederic V. Malek ................   145,833,806     2,395,556
	Paul R. Tregurtha ................   145,907,034     2,322,328


(c)(i)  The vote to ratify the appointment of Deloitte & Touche LLP as 
	independent auditors for 1998 was 146,584,973 for, 908,692 against
	and 735,697 abstaining.

   (ii) The vote on a shareholder proposal requesting that FPL Group adopt 
	cumulative voting for the election of directors was 44,978,047 for, 
	83,375,404 against, 3,549,605 abstaining and 16,326,306 broker non-
	votes.

FPL:

(a)     The following FPL directors were elected effective May 18, 1998 by
	the written consent of FPL Group, as the sole common shareholder of
	FPL, in lieu of an annual meeting of shareholders:

	James L. Broadhead
	Dennis P. Coyle
	Paul J. Evanson
	Lawrence J. Kelleher
	Thomas F. Plunkett
	C. O. Woody
	Michael W. Yackira

Item 5. Other Information

(a)     Reference is made to Item 1. Business - FPL Operations - General in
	the 1997 Form 10-K for FPL Group and FPL.

	In June 1998, FPL and the JEA filed a petition with the FPSC seeking 
	approval of a territorial exchange affecting portions of Duval and
	St. John's Counties.  FPL will serve an additional portion of St.
	John's County and will turn over its service area in Duval County to
	the JEA.  The FPSC is expected to consider this matter during the
	third quarter of 1998.  The territorial exchange will involve
	approximately 1,800 customers in each area and is not expected to
	have a material effect on earnings.  The transition is anticipated
	to take from one to three years.

(b)     Reference is made to Item 1. Business - FPL Operations - System 
	Capability and Load in the 1997 Form 10-K for FPL Group and FPL.

	From June 2, 1998 through June 5, 1998, FPL set four consecutive
	records for summertime peak demand, ranging from 17,156 mw to 17,931
	mw.  Adequate resources were available at the time of each peak to
	meet customer demand.

(c)     Reference is made to Item. 1 Business - FPL Operations - Nuclear 
	Operations for FPL.

	In June 1998, FPL informed the Nuclear Regulatory Commission (NRC) of 
	its intent to apply for a 20-year license renewal for Turkey Point
	Units Nos. 3 and 4.  FPL expects to file the application with the NRC
	in approximately 2002.  Operating licenses for Turkey Point Units Nos.
	3 and 4 expire in 2012 and 2013, respectively.

(d)     After February 13, 1999, notice to FPL Group of a shareholder
	proposal submitted for consideration at the 1999 Annual Meeting of
	Shareholders, which is not submitted for inclusion in FPL Group's
	proxy statement and form of proxy, will be considered untimely and
	the persons named in the proxies solicited by FPL Group's Board of
	Directors for the 1999 Annual Meeting of Shareholders may exercise
	discretionary voting power with respect to any such proposal.


Item 6. Exhibits and Reports on Form 8-K

(a)     Exhibits

	Exhibit                                              FPL
	Number                Description                   Group   FPL
	-------    ------------------------------------     -----   ---
	  4        Ninety-eighth Supplemental Indenture       x      x
		     dated as of June 1, 1998 between
		     FPL and Bankers Trust Company, Trustee
	 12(a)     Computation of Ratio of Earnings to        x
		     Fixed Charges                            
	 12(b)     Computation of Ratios                             x
	 27        Financial Data Schedule                    x      x


(b)     Reports on Form 8-K - None





			     SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.

			    FPL GROUP, INC.
		    FLORIDA POWER & LIGHT COMPANY
			    (Registrants)




Date:  August 3, 1998
			  K. MICHAEL DAVIS        
		      ------------------------    
			  K. Michael Davis
      Controller and Chief Accounting Officer of FPL Group, Inc.
	    Vice President, Accounting, Controller and
      Chief Accounting Officer of Florida Power & Light Company
	  (Principal Financial Officer of the Registrants)



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