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 March 31, 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 March 31, 1998:  181,482,385 shares

As of March 31, 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 OF 
1995

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, and 
legal and administrative proceedings (whether civil, such as environmental, or 
criminal) and settlements.

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
												     March 31,      
												1998         1997   
<S>                                                                                            <C>          <C>
OPERATING REVENUES ....................................................................        $1,338       $1,445

OPERATING EXPENSES:
  Fuel, purchased power and interchange ...............................................           436          544
  Other operations and maintenance.....................................................           299          269
  Depreciation and amortization .......................................................           249          268
  Taxes other than income taxes .......................................................           136          139
    Total operating expenses ..........................................................         1,120        1,220

OPERATING INCOME ......................................................................           218          225

OTHER INCOME (DEDUCTIONS):
  Interest charges ....................................................................           (63)         (71)
  Preferred stock dividends - FPL .....................................................            (4)          (6)
  Other - net .........................................................................             7            8
    Total other deductions - net ......................................................           (60)         (69)

INCOME BEFORE INCOME TAXES ............................................................           158          156

INCOME TAXES ..........................................................................            50           55

NET INCOME ............................................................................        $  108       $  101

Earnings per share of common stock (basic and assuming dilution) ......................        $ 0.63       $ 0.58
Dividends per share of common stock ...................................................        $ 0.50       $ 0.48
Average number of common shares outstanding ...........................................           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>
											 March 31,
											   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 .........................................     $17,908          $17,820
  Less accumulated depreciation and amortization ...................................      (8,704)          (8,466)
    Total property, plant and equipment - net ......................................       9,204            9,354

CURRENT ASSETS:
  Cash and cash equivalents ........................................................          72               54
  Customer receivables, net of allowances of $7 and $9, respectively ...............         438              501
  Materials, supplies and fossil fuel inventory - at average cost ..................         289              302
  Other ............................................................................         243              244
    Total current assets ...........................................................       1,042            1,101

OTHER ASSETS:
  Special use funds of FPL .........................................................       1,102            1,007
  Other investments ................................................................         395              282
  Other ............................................................................         728              705
    Total other assets .............................................................       2,225            1,994

TOTAL ASSETS .......................................................................     $12,471          $12,449


CAPITALIZATION:
  Common stock .....................................................................     $     2          $     2
  Additional paid-in capital .......................................................       3,028            3,038
  Retained earnings ................................................................       1,825            1,804
  Accumulated other comprehensive income ...........................................           1                1
    Total common shareholders' equity ..............................................       4,856            4,845
  Preferred stock of FPL without sinking fund requirements .........................         226              226
  Long-term debt ...................................................................       2,950            2,949
    Total capitalization ...........................................................       8,032            8,020

CURRENT LIABILITIES:
  Debt and preferred stock due within one year .....................................         310              332
  Accounts payable .................................................................         297              368
  Accrued interest, taxes and other ................................................         837              799
    Total current liabilities ......................................................       1,444            1,499

OTHER LIABILITIES AND DEFERRED CREDITS:
  Accumulated deferred income taxes ................................................       1,528            1,473
  Unamortized regulatory and investment tax credits ................................         383              395
  Other ............................................................................       1,084            1,062
    Total other liabilities and deferred credits ...................................       2,995            2,930

COMMITMENTS AND CONTINGENCIES

TOTAL CAPITALIZATION AND LIABILITIES ...............................................     $12,471          $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>

											      Three Months Ended
												    March 31,     
												1998       1997   
<S>                                                                                            <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income .........................................................................         $ 108       $  101
  Adjustments to reconcile net income to net cash provided by operating activities:
    Depreciation and amortization ....................................................           249          268
    Other - net ......................................................................            97          142
      Net cash provided by operating activities ......................................           454          511

CASH FLOWS FROM INVESTING ACTIVITIES:
  Capital expenditures of FPL ........................................................          (159)        (110)
  Independent power investments ......................................................          (350)          (9)
  Distributions and loan repayments from partnerships and joint ventures .............           221           13
  Other - net ........................................................................           (23)          15
      Net cash used in investing activities ..........................................          (311)         (91)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Issuance of long-term debt .........................................................             -            5
  Retirement of long-term debt and preferred stock ...................................          (180)        (126)
  Increase in commercial paper .......................................................           158            -
  Repurchase of common stock .........................................................           (17)         (17)
  Dividends on common stock ..........................................................           (86)         (83)
      Net cash used in financing activities ..........................................          (125)        (221)

Net increase in cash and cash equivalents ............................................            18          199

Cash and cash equivalents at beginning of period .....................................            54          196

Cash and cash equivalents at end of period ...........................................         $  72       $  395

Supplemental disclosures of cash flow information:
  Cash paid for interest .............................................................         $  51       $   68
  Cash paid for income taxes .........................................................             -       $   28

Supplemental schedule of noncash investing and financing activities:
  Additions to capital lease obligations .............................................         $   1       $   18
  Debt assumed for property additions ................................................             -       $  410
</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
												   March 31,     
											       1998       1997   
<S>                                                                                           <C>        <C>
OPERATING REVENUES ....................................................................       $1,295     $1,399

OPERATING EXPENSES:
  Fuel, purchased power and interchange ...............................................          430        525
  Other operations and maintenance ....................................................          268        246
  Depreciation and amortization .......................................................          244        263
  Income taxes ........................................................................           57         58
  Taxes other than income taxes .......................................................          137        139
    Total operating expenses ..........................................................        1,136      1,231

OPERATING INCOME ......................................................................          159        168

OTHER INCOME (DEDUCTIONS):
  Interest charges ....................................................................          (50)       (59)
  Other - net .........................................................................           (2)         1
    Total other deductions - net ......................................................          (52)       (58)

NET INCOME ............................................................................          107        110

PREFERRED STOCK DIVIDENDS .............................................................            4          6

NET INCOME AVAILABLE TO FPL GROUP .....................................................       $  103     $  104
</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>
											 March 31,
											   1998         December 31,
											(Unaudited)         1997    

<S>                                                                                      <C>              <C>
ELECTRIC UTILITY PLANT:
  Plant in service, including nuclear fuel and construction work in progress .......     $17,219          $17,136 
  Less accumulated depreciation and amortization ...................................      (8,590)          (8,355)
    Electric utility plant - net ...................................................       8,629            8,781 

CURRENT ASSETS:
  Cash and cash equivalents ........................................................          12                3
  Customer receivables, net of allowances of $7 and $9, respectively ...............         414              471
  Materials, supplies and fossil fuel inventory - at average cost ..................         234              242
  Other ............................................................................         211              226
    Total current assets ...........................................................         871              942

OTHER ASSETS:
  Special use funds ................................................................       1,102            1,007
  Other ............................................................................         442              442
    Total other assets .............................................................       1,544            1,449

TOTAL ASSETS .......................................................................     $11,044          $11,172


CAPITALIZATION:
  Common shareholder's equity ......................................................     $ 4,823          $ 4,814
  Preferred stock without sinking fund requirements ................................         226              226
  Long-term debt ...................................................................       2,420            2,420
    Total capitalization ...........................................................       7,469            7,460

CURRENT LIABILITIES:
  Debt and preferred stock due within one year .....................................          54              220
  Accounts payable .................................................................         281              344
  Accrued interest, taxes and other ................................................         777              748
    Total current liabilities ......................................................       1,112            1,312

OTHER LIABILITIES AND DEFERRED CREDITS:
  Accumulated deferred income taxes ................................................       1,127            1,070
  Unamortized regulatory and investment tax credits ................................         383              395
  Other ............................................................................         953              935
    Total other liabilities and deferred credits ...................................       2,463            2,400

COMMITMENTS AND CONTINGENCIES

TOTAL CAPITALIZATION AND LIABILITIES ...............................................     $11,044          $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>
											     Three Months Ended
												  March 31,      
											      1998        1997   
<S>                                                                                          <C>         <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income .........................................................................       $  107      $  110
  Adjustments to reconcile net income to net cash provided by operating activities:
    Depreciation and amortization ....................................................          244         263
    Other - net ......................................................................          102         107
      Net cash provided by operating activities ......................................          453         480

CASH FLOWS FROM INVESTING ACTIVITIES:
  Capital expenditures ...............................................................         (159)       (110)
  Other - net ........................................................................          (21)        (23)
      Net cash used in investing activities ..........................................         (180)       (133)

CASH FLOWS FROM FINANCING ACTIVITIES:
  Retirement of long-term debt and preferred stock ...................................         (180)       (125)
  Increase in commercial paper .......................................................           14           -
  Dividends ..........................................................................          (98)       (104)
      Net cash used in financing activities ..........................................         (264)       (229)

Net increase in cash and cash equivalents ............................................            9         118

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

Cash and cash equivalents at end of period ...........................................       $   12      $  196

Supplemental disclosures of cash flow information:
  Cash paid for interest .............................................................       $   48      $   62
  Cash paid for income taxes .........................................................       $    -      $   72

Supplemental schedule of noncash investing and financing activities:
  Additions to capital lease obligations .............................................       $    1      $   18
</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 only of normal 
recurring accruals) necessary to present fairly the financial position as of 
March 31, 1998 and the results of operations and cash flows for the three 
months ended March 31, 1998 and 1997 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 months ended March 31, 1998, FPL 
Group repurchased 280,000 shares of common stock under its share repurchase 
program.  A total of approximately 1 million shares have been repurchased under 
the share repurchase program that began in April 1997.

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 earnings per share and diluted 
earnings per share for the three months ended March 31, 1998 and 1997.  These 
incremental shares were not material 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 $109 million and $102 
million for the three months ended March 31, 1998 and 1997, respectively, 
includes net income, 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 $159 million had been spent through 
March 31, 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 and is 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 
Inc (FPL Group Capital) and its subsidiaries have guaranteed approximately 
$235 million of lease 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 $68 
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 $261 million at March 31, 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 374 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.  The fuel contracts provide for the 
transportation and supply of natural gas and coal and the supply and use of 
Orimulsion.  Orimulsion is a controversial new fuel, the use of which is 
subject to approval by Florida's Governor and Cabinet acting as the Power 
Plant Siting Board.

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



<TABLE>
<CAPTION>
								       1998      1999      2000       2001      2002
										   (Millions of Dollars)
<S>                                                                    <C>       <C>       <C>        <C>       <C>
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 ...........................    $230      $220      $220       $220      $220
  Orimulsion (b) ..................................................       -         -      $140       $140      $140
  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 projects that are currently in dispute.  These capacity
     payments are subject to the outcome of the related litigation.  See Litigation.
(b)  All of FPL's Orimulsion-related contract obligations are subject to obtaining the required regulatory approvals.
</TABLE>

Capacity, energy and fuel charges under these contracts were as follows:

<TABLE>
<CAPTION>
										 Three Months Ended March 31,       
									      1998 Charges           1997 Charges   
										     Energy/               Energy/
									   Capacity  Fuel (a)    Capacity  Fuel (a)
										     (Millions of Dollars)
<S>                                                                         <C>        <C>        <C>        <C>
JEA and Southern Companies ..........................................       $49(b)     $31        $52(b)     $35
Qualifying facilities................................................       $74(c)     $25        $73(c)     $29
Natural gas .........................................................          -       $54          -        $89
Coal ................................................................          -       $13          -        $11

(a)  Recovered through the 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 consolidated balance sheets. Operating revenues of FPL Group Capital 
for the three months ended March 31, 1998 and 1997 were $44 million and $46 
million, respectively.  For the same periods, operating expenses were $41 
million and $47 million, respectively, and net income was $11 million and $1 
million, respectively.

At March 31, 1998, FPL Group Capital had $291 million of current assets, $1.6 
billion of noncurrent assets, $386 million of current liabilities and $1.1 
billion of noncurrent liabilities.  At December 31, 1997, FPL Group Capital 
had current assets of $156 million, noncurrent assets of $1.4 billion, 
current liabilities of $252 million and noncurrent liabilities of $999 
million.


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

FPL continues to represent the predominant portion of FPL Group's operations. 
 However, for the three months ended March 31, 1998, FPL Group's net income 
increased primarily due to better operating results in FPL Energy, Inc.'s 
(FPL Energy) independent power investments.  FPL's net income was essentially 
flat compared with the prior year.

FPL's revenues from base rates for the three months ended March 31, 1998 
decreased to $750 million from $769 million for the same period in 1997.  The 
decline in base revenues resulted from milder weather, as well as the impact 
of several severe storms and tornadoes during the first quarter of 1998. 
Partly offsetting this decline was a 1.7% increase in customer accounts. Cost 
recovery clause revenues and franchise fees comprise substantially all of the 
remaining portion of 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.

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.

O&M expenses increased for the three months ended March 31, 1998,  primarily 
due to additional spending associated with improving service reliability and 
storm restoration costs.  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 decreased for the first quarter of 1998 
mainly due to the decline in revenues discussed above.  In March 1998, FPL 
filed depreciation studies with the FPSC.  If approved, the new studies would 
result in a $26 million annual increase in depreciation expense.   The FPSC 
is scheduled to consider this matter in the fourth quarter of 1998.  Interest 
and preferred stock dividend requirements also declined during the first 
quarter of 1998, resulting from reductions in average debt and preferred 
stock balances.

FPL Energy's operating results improved for the three months ended March 31, 
1998.  The improvements were mainly in natural gas and wind projects, 
including two gas-fired plants located in Massachusetts and New Jersey in 
which an interest was acquired during the first quarter of 1998.

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 identified software, including vendor-supplied software, has been 
substantially completed and work is underway to make the necessary 
modifications.  The estimated cost of addressing year 2000 issues in software 
applications is not expected to have a material adverse effect on FPL Group's 
financial statements.  FPL Group continues to assess the potential financial 
and operational impacts of computerized processes embedded in operating 
equipment and has begun to evaluate the year 2000 readiness of major 
suppliers, customers, financial institutions and others with whom 
transactions and information flow electronically.

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 months ended March 31, 1998, FPL Group 
repurchased 280,000 shares of common stock.  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 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. These proposed 
projects are not expected to have a significant effect on capital 
expenditures for 1998 and 1999, but will increase capital expenditures in 
2000 by approximately $200 million.  For information concerning capital 
commitments, see Note 3.



PART II - OTHER INFORMATION

Item 5.  Other Information

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

     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.

(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.

     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.  These proposed projects are not expected to have a significant 
     effect on capital expenditures for 1998 and 1999, but will increase 
     capital expenditures in 2000 by approximately $200 million.

Item 6.  Exhibits and Reports on Form 8-K

(a)     Exhibits

	Exhibit                                 FPL
	Number           Description           Group    FPL
	-------     -----------------------    -----    ---
	  12        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:  May 1, 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)