Form 10-Q
                  SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C.  20549
                     ____________________________
                                   
         [X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
                OF THE SECURITIES EXCHANGE ACT OF 1934
                                   
             For the quarterly period ended March 31, 1999
                                   
                                  OR
                                   
        [  ]  TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d)
                OF THE SECURITIES EXCHANGE ACT OF 1934
                                   
                For the transition period from      to
                                   
                     Commission file number 1-707
                                   
                   KANSAS CITY POWER & LIGHT COMPANY
        (Exact name of registrant as specified in its charter)
                                   
                                   
            Missouri                              44-0308720
 (State or other jurisdiction of               (I.R.S. Employer
 incorporation or organization)              Identification No.)
                                   
                                   
            1201 Walnut, Kansas City, Missouri   64106-2124
         (Address of principal executive offices)   (Zip Code)
                                   
  Registrant's telephone number, including area code: (816) 556-2200


Indicate  by  check  mark whether the registrant  (1)  has  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  (or  for  such
shorter period that the registrant was required to file such reports),
and  (2) has been subject to such filing requirements for the past  90
days.

Yes  (X)  No ( )

The  number of shares outstanding of the registrant's Common stock  at
May 12 1999, was  61,898,020 shares.


<PAGE>

PART I - FINANCIAL INFORMATION
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

KANSAS CITY POWER & LIGHT COMPANY
CONSOLIDATED BALANCE SHEETS

                                                      March 31     December 31
                                                        1999          1998
                                                            (thousands)
ASSETS
UTILITY PLANT, at original cost
 Electric                                             $3,565,416    $3,576,490
 Less-accumulated depreciation                         1,403,574     1,410,773
    Net utility plant in service                       2,161,842     2,165,717
 Construction work in progress                           112,222       110,528
 Nuclear fuel, net of amortization of
  110,335 and $105,661                                    36,128        40,203
    Total                                              2,310,192     2,316,448

REGULATORY ASSET - RECOVERABLE TAXES                     109,000       109,000

INVESTMENTS AND NONUTILITY PROPERTY                      362,949       343,247

CURRENT ASSETS
 Cash and cash equivalents                                13,682        43,213
 Electric customer accounts receivable, net of
    allowance for doubtful accounts
    of $1,286 and $1,886                                   8,693        31,150
 Other receivables                                        28,407        38,981
 Fuel inventories, at average cost                        21,368        18,749
 Materials and supplies, at average cost                  44,438        45,363
 Deferred income taxes                                     4,960         4,799
 Other                                                     4,893         5,926
    Total                                                126,441       188,181

DEFERRED CHARGES
 Regulatory assets                                        24,977        26,229
 Other deferred charges                                   35,403        29,259
    Total                                                 60,380        55,488

    Total                                             $2,968,962    $3,012,364


CAPITALIZATION AND LIABILITIES
CAPITALIZATION (see statements)                       $1,829,004    $1,880,147
CURRENT LIABILITIES
 Notes payable to banks                                   14,058        10,000
 Current maturities of long-term debt                    205,878       163,630
 Accounts payable                                         43,232        61,764
 Accrued taxes                                            22,254        15,625
 Accrued interest                                         22,147        23,380
 Accrued payroll and vacations                            20,398        21,684
 Accrued refueling outage costs                           12,727        12,315
 Other                                                    15,247        28,874
     Total                                               355,941       337,272

DEFERRED CREDITS AND OTHER LIABILITIES
 Deferred income taxes                                   622,581       625,426
 Deferred investment tax credits                          57,669        58,786
 Other                                                   103,767       110,733
    Total                                                784,017       794,945

COMMITMENTS AND CONTINGENCIES (Notes 7 and 8)

   Total                                              $2,968,962    $3,012,364

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.

                                  1
<PAGE>

KANSAS CITY POWER & LIGHT COMPANY
CONSOLIDATED STATEMENTS OF CAPITALIZATION

                                                      March 31     December 31
                                                        1999          1998
                                                           (thousands)
COMMON STOCK EQUITY
 Common stock-150,000,000 shares authorized
   without par value-61,908,726 shares issued,
   stated value                                      $   449,697   $   449,697
 Retained earnings (see statements)                      428,948       443,699
 Accumulated other comprehensive income
   Unrealized gain on securities available for sale          542            74
 Capital stock premium and expense                        (1,668)       (1,668)
          Total                                          877,519       891,802
CUMULATIVE PREFERRED STOCK
 $100 Par Value
   3.80% - 100,000 shares issued                          10,000        10,000
   4.50% - 100,000 shares issued                          10,000        10,000
   4.20% -  70,000 shares issued                           7,000         7,000
   4.35% - 120,000 shares issued                          12,000        12,000
 No Par Value
   4.30%* - 500,000 shares issued                         50,000        50,000
 $100 Par Value - Redeemable
   4.00%                                                      62            62
          Total                                           89,062        89,062
COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED
SECURITIES OF SUBSIDIARY TRUST HOLDING SOLELY KCPL
SUBORDINATED DEBENTURES                                  150,000       150,000

LONG-TERM DEBT (excluding current maturities)
 General Mortgage Bonds
    Medium-Term Notes due 2000-2008, 6.96% and
       6.95% weighted-average rate                       296,500       338,500
    3.50%* Environmental Improvement Revenue
       Refunding Bonds due 2012-23                       158,768       158,768
 Environmental Improvement Revenue Refunding Bonds
    3.28%* Series A & B due 2015                         106,500       106,500
    4.50% Series C due 2017                               50,000        50,000
    4.35% Series D due 2017                               40,000        40,000
 Subsidiary Obligations
    Affordable Housing Notes due 2000-06, 8.35%
       and 8.42% weighted-average rate                    59,915        54,775
    Other Long-Term Notes                                    740           740
          Total                                          712,423       749,283
          Total                                       $1,829,004    $1,880,147

*  Variable rate securities, weighted-average rate as of March 31, 1999

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.

                                  2
<PAGE>

KANSAS CITY POWER & LIGHT COMPANY
CONSOLIDATED STATEMENTS OF INCOME



Three Months Ended March 31                 1999          1998
                                                (thousands)
ELECTRIC OPERATING REVENUES                 $190,734      $195,635

OPERATING EXPENSES
 Operation
   Fuel                                       31,038        35,697
   Purchased power                            10,658         8,231
   Other                                      45,082        47,003
 Maintenance                                  17,341        15,738
 Depreciation                                 29,659        28,631
 Income taxes                                  9,210         8,237
 General taxes                                21,811        22,168
    Total                                    164,799       165,705

OPERATING INCOME                              25,935        29,930

OTHER INCOME AND (DEDUCTIONS)
 Allowance for equity funds
  used during construction                     1,063           933
 Miscellaneous income and
  (deductions) - net                         (10,540)       (7,677)
 Income taxes                                 12,243         9,747
    Total                                      2,766         3,003

INCOME BEFORE INTEREST CHARGES                28,701        32,933

INTEREST CHARGES
 Long-term debt                               13,331        14,939
 Short-term debt                                  69            91
 Mandatorily redeemable Preferred
  Securities                                   3,113         3,113
 Miscellaneous                                 1,037         1,077
 Allowance for borrowed funds
  used during construction                      (732)         (653)
    Total                                     16,818        18,567

 Net Income                                   11,883        14,366
 Preferred Stock
  Dividend Requirements                          947           990
 Earnings Available for
  Common Stock                               $10,936       $13,376

Average Number of Common
 Shares Outstanding                           61,898        61,873
Basic and Diluted earnings
 per Common Share                              $0.18         $0.22
Cash Dividends per
 Common Share                                 $0.415        $0.405

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.

                                  3
<PAGE>

KANSAS CITY POWER & LIGHT COMPANY
CONSOLIDATED STATEMENTS OF INCOME



Twelve Months Ended March 31                1999          1998
                                                (thousands)
ELECTRIC OPERATING REVENUES                 $934,040      $896,834

OPERATING EXPENSES
 Operation
   Fuel                                      138,690       135,284
   Purchased power                            66,045        56,232
   Other                                     187,070       194,977
 Maintenance                                  72,601        69,814
 Depreciation                                116,480       111,687
 Income taxes                                 79,755        70,820
 General taxes                                93,229        92,773
 Deferred Wolf Creek costs amortization            0           684
    Total                                    753,870       732,271

OPERATING INCOME                             180,170       164,563

OTHER INCOME AND (DEDUCTIONS)
 Allowance for equity funds
  used during construction                     3,946         3,080
 Miscellaneous income and
  (deductions) - net                         (44,364)      (28,830)
 Income taxes                                 48,478        42,548
    Total                                      8,060        16,798

INCOME BEFORE INTEREST CHARGES               188,230       181,361

INTEREST CHARGES
 Long-term debt                               55,404        60,721
 Short-term debt                                 273           634
 Mandatorily redeemable Preferred
  Securities                                  12,450        11,966
 Miscellaneous                                 4,417         4,192
 Allowance for borrowed funds
  used during construction                    (2,553)       (2,210)
    Total                                     69,991        75,303

 Net Income                                  118,239       106,058
 Preferred Stock
  Dividend Requirements                        3,841         3,824
 Earnings Available for
  Common Stock                              $114,398      $102,234

Average Number of Common
 Shares Outstanding                           61,890        61,889
Basic and Diluted earnings
 per Common Share                              $1.85         $1.65
Cash Dividends per
 Common Share                                  $1.65         $1.62

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.

                                  4
<PAGE>

KANSAS CITY POWER & LIGHT COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS



Year to Date March 31                          1999        1998
                                                  (thousands)

CASH FLOWS FROM OPERATING ACTIVITIES
 Net income                                 $   11,883  $   14,366
 Adjustments to reconcile net income
  to net cash from operating activities:
 Depreciation                                   29,659      28,631
 Amortization of:
  Nuclear fuel                                   4,674       4,724
  Other                                          2,481       2,272
 Deferred income taxes (net)                    (3,271)       (258)
 Investment tax credit amortization             (1,117)     (1,129)
 Losses from equity investments                  4,917         773
 Kansas rate refund accrual                    (14,200)      3,165
 Missouri rate refund accrual                    1,100           0
 Allowance for equity funds used
   during construction                          (1,063)       (933)
 Other operating activities (Note 2)            14,293       4,554

  Net cash from operating activities            49,356      56,165

CASH FLOWS FROM INVESTING ACTIVITIES
 Utility capital expenditures                  (26,105)    (22,487)
 Allowance for borrowed funds used
   during construction                            (732)       (653)
 Purchases of investments                      (11,794)    (19,230)
 Purchases of nonutility property              (14,078)     (2,794)
 Other investing activities                     (8,976)      2,884

  Net cash from investing activities           (61,685)    (42,280)

CASH FLOWS FROM FINANCING ACTIVITIES
 Issuance of long-term debt                      5,388       7,404
 Repayment of long-term debt                         0     (51,011)
 Net change in short-term borrowings             4,058       2,252
 Dividends paid                                (26,634)    (26,140)
 Other financing activities                        (14)       (922)

  Net cash from financing activities           (17,202)    (68,417)

NET CHANGE IN CASH AND CASH
      EQUIVALENTS                              (29,531)    (54,532)
CASH AND CASH EQUIVALENTS
      AT BEGINNING OF PERIOD                    43,213      74,098
CASH AND CASH EQUIVALENTS
     AT END OF PERIOD                       $   13,682  $   19,566

CASH PAID DURING THE PERIOD FOR:
Interest (net of amount capitalized)        $   18,383  $   20,380
Income taxes                                $    5,722  $        0

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.

                                  5
<PAGE>

KANSAS CITY POWER & LIGHT COMPANY
CONSOLIDATED STATEMENTS OF CASH FLOWS



Twelve Months Ended March 31                   1999        1998
                                                  (thousands)

CASH FLOWS FROM OPERATING ACTIVITIES
 Net income                                 $  118,239  $  106,058
 Adjustments to reconcile net income
  to net cash from operating activities:
 Depreciation                                  116,480     111,687
 Amortization of:
  Nuclear fuel                                  19,096      16,445
  Deferred Wolf Creek costs                          0         684
  Other                                          9,280       9,133
 Deferred income taxes (net)                    (5,481)      7,407
 Investment tax credit amortization             (4,459)     (3,923)
 Losses from equity investments                 15,827       3,664
 Deferred merger costs                               0       4,787
 Kansas rate refund accrual                     (3,165)      3,165
 Missouri rate refund accrual                    1,100           0
 Allowance for equity funds used
   during construction                          (3,946)     (3,080)
 Other operating activities (Note 2)            32,883      (1,462)

  Net cash from operating activities           295,854     254,565

CASH FLOWS FROM INVESTING ACTIVITIES
 Utility capital expenditures                 (123,158)   (119,819)
 Allowance for borrowed funds used
   during construction                          (2,553)     (2,210)
 Purchases of investments                      (47,718)    (49,592)
 Purchases of nonutility property              (33,895)    (16,916)
 Sale of KLT Power                              53,033           0
 Sale of streetlights                                0      21,500
 Other investing activities                     (3,852)     (1,621)

  Net cash from investing activities          (158,143)   (168,658)

CASH FLOWS FROM FINANCING ACTIVITIES
 Issuance of mandatorily redeemable
   Preferred Securities                              0     150,000
 Issuance of long-term debt                      5,390      41,696
 Repayment of long-term debt                   (51,669)    (73,343)
 Net change in short-term borrowings            10,563     (98,866)
 Dividends paid                               (105,969)   (104,154)
 Other financing activities                     (1,910)     (6,786)

  Net cash from financing activities          (143,595)    (91,453)

NET CHANGE IN CASH AND CASH
      EQUIVALENTS                               (5,884)     (5,546)
CASH AND CASH EQUIVALENTS
      AT BEGINNING OF PERIOD                    19,566      25,112
CASH AND CASH EQUIVALENTS
     AT END OF PERIOD                       $   13,682  $   19,566

CASH PAID DURING THE PERIOD FOR:
Interest (net of amount capitalized)        $   69,699  $   74,633
Income taxes                                $   30,510  $   22,385

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.

                                  6
<PAGE>
<TABLE>

KANSAS CITY POWER & LIGHT COMPANY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME


                                                Three Months Ended               Twelve Months Ended
                                                      March 31                         March 31
                                                 1999         1998                1999         1998
<S>                                           <C>          <C>                <C>          <C>
                                                                    (thousands)
Net income                                    $  11,883    $  14,366           $ 118,239    $ 106,058


Other comprehensive income (loss):
   Unrealized gain (loss) on
    securities available for sale                   733        3,428              (5,610)       3,824

   Income tax benefit (expense)                    (265)      (1,241)              2,030       (1,383)

   Net unrealized gain (loss) on
    securities available for sale                   468        2,187              (3,580)       2,441

Comprehensive Income                          $  12,351    $  16,553           $ 114,659    $ 108,499

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.






CONSOLIDATED STATEMENTS OF RETAINED EARNINGS


                                                 Three Months Ended               Twelve Months Ended
                                                      March 31                         March 31
                                                 1999         1998                1999         1998
                                                                      (thousands)
Beginning Balance                               $ 443,699    $ 428,452           $ 416,678    $ 414,774
Net Income                                         11,883       14,366             118,239      106,058
                                                  455,582      442,818             534,917      520,832
Dividends Declared
  Preferred stock - at required rates                 947        1,081               3,846        3,894
  Common stock                                     25,687       25,059             102,123      100,260
Ending Balance                                   $428,948     $416,678            $428,948     $416,678

The accompanying Notes to Consolidated Financial Statements are an integral
part of these statements.

                                  7
</TABLE>
<PAGE>

KANSAS CITY POWER & LIGHT COMPANY

                  CERTAIN FORWARD-LOOKING INFORMATION

Statements made in this report which are not based on historical facts
are forward-looking and, accordingly, involve risks and uncertainties
that could cause actual results to differ materially from those
discussed.  Any forward-looking statements are intended to be as of
the date on which such statement is made.  In connection with the safe
harbor provisions of the Private Securities Litigation Reform Act of
1995, we are providing a number of important factors that could cause
actual results to differ materially from provided forward-looking
information.  These important factors include:
-    the proposed Western Resources Inc. (Western Resources) merger
-    future economic conditions in the regional, national and
     international markets
-    state, federal and foreign regulation and possible additional
     reductions in regulated electric rates
-    weather conditions
-    financial market conditions, including, but not limited to
     changes in interest rates
-    inflation rates
-    increased competition, including, but not limited to, the
     deregulation of the United States electric utility industry, and the
     entry of new competitors
-    ability to carry out marketing and sales plans
-    ability to achieve generation planning goals and the occurrence
     of unplanned generation outages
-    nuclear operations
-    ability to enter new markets successfully and capitalize on
     growth opportunities in nonregulated businesses
-    unforeseen events that would prevent correcting internal or
     external information systems for Year 2000 problems
-    adverse changes in applicable laws, regulations or rules
     governing environmental (including air quality regulations), tax or
     accounting matters

This list of factors may not be all-inclusive since it is not possible
for us to predict all possible factors.

Notes to Consolidated Financial Statements

In management's opinion, the consolidated interim financial statements
reflect all adjustments (which include only normal recurring
adjustments) necessary to present fairly the results of operations for
the interim periods presented.  These statements and notes should be
read in connection with the financial statements and related notes
included in our 1998 annual report on Form 10-K.

1.  AMENDED AND RESTATED PLAN OF MERGER WITH WESTERN RESOURCES

A merger agreement was entered into with Western Resources on February
7, 1997.  In December 1997 KCPL canceled its previously scheduled
special meeting of shareholders to vote on the transaction because
Western Resources advised KCPL that its investment bankers, Salomon
Smith Barney, had indicated that it was unlikely that Salomon would be
in a position to issue a fairness opinion.  During 1997 KCPL incurred
and deferred $7 million of merger-related costs that were expensed in
December 1997.

On March 18, 1998, KCPL and Western Resources entered into an Amended
and Restated Agreement and Plan of Merger (Amended Agreement).  This
Amended Agreement provides for the combination of the regulated
electric utilities of KCPL and Western Resources into Westar Energy, a
new company, using purchase accounting.  Westar Energy would be owned
approximately 80.1%
                                  8

<PAGE>

by Western Resources and approximately 19.9% by
KCPL shareholders.  KCPL shareholders would receive for each share of
KCPL's stock one share of Westar Energy common stock and a fraction of
a share of Western Resources common stock.  The value of any
transaction to KCPL shareholders cannot be determined until closing.
If Western Resources' average stock price for a twenty day period just
prior to closing is less than or equal to $29.78, either party can
terminate this Amended Agreement.  The Amended Agreement also requires
KCPL to redeem all outstanding shares of cumulative preferred stock
before consummation of the proposed transactions.

If the Amended Agreement is terminated under certain circumstances and
KCPL, within two and one-half years following termination, agrees to
consummate a business combination with a third party that made a
proposal to combine before termination, a payment of $50 million will
be due Western Resources.  Under certain circumstances, if KCPL
determines not to consummate its merger into Westar Energy due to its
inability to receive a favorable tax opinion from its legal counsel,
it must pay Western Resources $5 million.  Western Resources will pay
KCPL $5 million to $35 million if the Amended Agreement is terminated
and all closing conditions are satisfied other than conditions
relating to Western Resources receiving a favorable tax opinion from
its legal counsel, favorable statutory approvals or an exemption from
the Public Utility Holding Company Act of 1935.

On July 30, 1998, KCPL's and Western Resources' shareholders approved
the Amended Agreement at special meetings of shareholders.  However,
the transaction is still subject to several other closing conditions,
including:
-    approval by a number of regulatory and governmental agencies
     (applications for approval were filed during 1998),
-    receipt of the final orders from the various federal and state
     regulators on terms and conditions which would not have a material
     adverse effect on the benefits anticipated by Western Resources in the
     merger,
-    reasonable satisfaction by Western Resources that it will be
     exempt from all of the provisions of the Public Utility Holding
     Company Act of 1935 other than Section 9(a)(2) thereof.

We cannot predict when or if the closing conditions will be met.  If
the merger has not closed by December 31, 1999, either party may
terminate the Amended Agreement.  See Part II - Other Information,
Item 1. Legal Proceedings, Merger Regulatory Proceedings of this
report on Form 10Q for additional information on the current status of
the proposed merger.

2.  CONSOLIDATED STATEMENTS OF CASH FLOWS - OTHER OPERATING ACTIVITIES

                                     Three Months     Twelve Months
                                        Ended             Ended
                                     1999    1998     1999     1998
Cash flows affected by changes               (thousands)
in:
    Receivables                  $ 33,031 $ 9,838 $ 15,295 $(15,084)
    Fuel inventories               (2,619) (2,177)  (5,367)   1,716
    Materials and supplies            925     723    1,418    1,441
    Accounts payable              (18,532)(17,263)   2,927    3,560
    Accrued taxes                   6,629  11,954    8,628    2,539
    Accrued interest               (1,233) (1,697)   1,484      800
    Wolf Creek refueling outage       412   2,595    8,468   (5,021)
      accrual
Other                              (4,320)    581       30    8,587     
            Total                $ 14,293 $ 4,554 $ 32,883 $ (1,462)

                                  9
<PAGE>

3.  SECURITIES AVAILABLE FOR SALE

Certain investments in equity securities are accounted for as
securities available for sale and adjusted to market value with
unrealized gains (or losses) reported as a separate component of
comprehensive income.

The cost of securities available for sale held by KLT Inc. (KLT) as of
March 31, 1999 and December 31, 1998 was $4.8 million.  Net unrealized
gains were $0.5 million at March 31, 1999, and $0.1 million at
December 31, 1998.

4.  EQUITY METHOD INVESTMENTS

We use the equity method to account for equity investments when
management can exert influence over the operations of the investee.
We had equity method investments of approximately $70 million at March
31, 1999.  The companies accounted for using the equity method had
total assets of $565 million at March 31, 1999 and a combined net loss
of $11 million for the three months ended March 31, 1999.  Equity
method investments and ownership percentages at March 31, 1999,
consisted of the following:

KLT
-    Kansas City Downtown Hotel Group, L.L.C., 25%
-    DTI Holdings, Inc., 47%
-    Nationwide Electric, Inc., 57%
-    Lyco Energy Corporation, 30%
-    Custom Energy, L.L.C., 47%
-    Custom Lighting Services L.L.C., 50%
Home Service Solutions Inc. (HSS)
-    R.S. Andrews Enterprises, Inc., 44%

5.  CAPITALIZATION

KCPL Financing I (Trust), a wholly-owned subsidiary of KCPL, has
previously issued $150,000,000 of 8.3% preferred securities.  The sole
asset of the Trust is the $154,640,000 principal amount of 8.3% Junior
Subordinated Deferrable Interest Debentures, due 2037, issued by KCPL.

From April 1 through May 13, 1999, KLT's borrowings under its bank
credit agreement increased $5.5 million.

6. SEGMENT AND RELATED INFORMATION

In 1998 we adopted SFAS No. 131 - Disclosures About Segments of an
Enterprise and Related Information.  KCPL's reportable segments are
strategic business units.  Electric Operations includes the regulated
electric utility, unallocated corporate charges and wholly-owned
subsidiaries on an equity basis.  KLT is a holding company for various
nonregulated business ventures.  The Other column represents the
operations of HSS and KLT Iatan Inc. (Iatan).

We evaluate performance based on profit or loss from operations and
return on capital investment.  We eliminate all intersegment sales and
transfers.  We include KLT, HSS and Iatan revenues and expenses in
Other Income and (Deductions) and Interest Charges in the Consolidated
Statements of Income.

                                  10
<PAGE>

The tables below reflect summarized financial information concerning
KCPL's reportable segments.

                     Electric                  Intersegment Consolidated
                    Operations KLT Inc.  Other Eliminations    Totals
Three Months Ended                    (thousands)
  March 31, 1999
Electric Operating    
  Income (a)        $ 25,935                                   $ 25,935
Miscellaneous    
  income (b)           4,875  $(1,084) $   496   $    745         5,032
Miscellaneous
  deductions (c)      (6,388)  (7,025)  (2,159)         -       (15,572)
Income taxes on                                                   
  Other Income and
  (Deductions)           184   11,429      630          -        12,243
Interest Charges     (13,786)  (3,032)       -          -       (16,818)
Net income(loss)      11,883      288   (1,033)       745        11,883

Three Months Ended                                          
  March 31, 1998
Electric Operating
  Income (a)        $ 29,930                                   $ 29,930
Miscellaneous
  income (b)           6,235  $10,298             $(4,148)       12,385
Miscellaneous
  deductions (c)      (8,750) (11,312)                  -       (20,062)
Income taxes on                                                   
  Other Income and
  (Deductions)         1,020    8,727                   -         9,747
Interest Charges     (15,002)  (3,565)                  -       (18,567)
Net income            14,366    4,148              (4,148)       14,366

Twelve Months Ended                                         
  March 31, 1999
Electric Operating
  Income (a)        $180,170                                   $180,170
Miscellaneous
  income (b)          20,448  $13,864  $ 1,229    $   407        35,948
Miscellaneous
  deductions (c)     (34,134) (43,086)  (3,092)         -       (80,312)
Income taxes on                                                   
  Other Income and
  (Deductions)         4,858   42,912      708          -        48,478
Interest Charges     (57,049) (12,942)       -          -       (69,991)
Net income(loss)     118,239      748   (1,155)       407       118,239

Twelve Months Ended                         
  March 31, 1998
Electric Operating
  Income (a)        $164,563                                   $164,563
Miscellaneous
  income (b)          21,709  $32,065             $(8,230)       45,544
Miscellaneous
  deductions (c)     (28,670) (45,704)                  -       (74,374)
Income taxes on                                                   
  Other Income and
  (Deductions)         6,489   36,059                   -        42,548
Interest Charges     (61,113) (14,190)                  -       (75,303)
Net income           106,058    8,230              (8,230)      106,058

(a)  Refer to the Consolidated Statements of Income for detail of
     Electric Operations revenues and expenses.
(b)  Includes nonregulated revenues, interest and dividend income, and
     losses from equity investments.
(c)  Includes nonregulated expenses and merger-related expenses.

                                  11
<PAGE>

                            Identifiable Assets
                     March 31, 1999  December 31, 1998
                                (thousands)
Electric Operations    $  2,797,227     $  2,831,052
KLT Inc.                    300,002          310,750
Other                        27,370           24,239
Intersegment
  Eliminations             (155,637)        (153,677)
                                                    
       Consolidated
         Totals        $  2,968,962     $  3,012,364

7.  ENVIRONMENTAL MATTERS

KCPL's policy is to act in an environmentally responsible manner and
use the latest technology available to avoid and treat contamination.
We continually conduct environmental audits designed to ensure
compliance with governmental regulations and detect contamination.
However, governmental bodies may impose additional or more rigid
environmental regulations that could require substantial changes to
operations or facilities.

     Monitoring Equipment and Certain Air Toxic Substances

     The Clean Air Act Amendments of 1990 required KCPL to spend about
     $5 million in prior years for the installation of continuous
     emission monitoring equipment to satisfy the requirements under
     the acid rain provision.  Also a study under the Act could
     require regulation of certain air toxic substances, including
     mercury.  We cannot predict the likelihood of any such
     regulations or compliance costs.

     Air Particulate Matter

     In July 1997 the United States Environmental Protection Agency
     (EPA) published new air quality standards for particulate matter.
     Additional regulations implementing these new particulate
     standards have not been finalized.  Without the implementation
     regulations, the real impact of the standards on KCPL cannot be
     determined.  However, the impact on KCPL and other utilities that
     use fossil fuels could be substantial.  Under the new fine
     particulate regulations the EPA is in the process of implementing
     a three-year study of fine particulate emissions.  Until this
     testing and review period has been completed, KCPL cannot
     determine additional compliance costs, if any, associated with
     the new particulate regulations.

     Nitrogen Oxide

     In 1997 the EPA also issued new proposed regulations on reducing
     nitrogen oxide (NOx) emissions.  The EPA announced in 1998 final
     regulations implementing reductions in NOx emissions.  These
     regulations require 22 states, including Missouri, to submit
     plans for controlling NOx emissions by September 1999.  The
     regulations require a significant reduction in NOx emissions from
     1990 levels at KCPL's Missouri coal-fired plants by the year
     2003.
     
     To achieve these reductions, KCPL would need to incur
     significantly higher capital costs or purchase power or NOx
     emissions allowances.  It is possible that purchased power or
     emissions allowances may be too costly or unavailable.
     
                                  12
<PAGE>

     Preliminary analysis of the regulations indicate that selective
     catalytic reduction technology will be required for some of the
     KCPL units, as well as other changes.  Currently, we estimate
     that additional capital expenditures to comply with these
     regulations could range from $90 to $120 million over the period
     from 1999 to 2002.  Operations and maintenance expenses could
     also increase by more than $6 million per year, beginning in
     2003.
     
     We continue to refine our preliminary estimates and explore
     alternatives to comply with these new regulations to minimize, to
     the extent possible, KCPL's capital costs and operating expenses.
     The ultimate cost of these regulations could be significantly
     different than the amounts estimated above.
     
     KCPL and several other western Missouri utilities filed suit
     against the EPA over the inclusion of western Missouri in the NOx
     reduction program.  This matter is in the early stage of
     litigation and the outcome cannot be predicted at this time.

     Carbon Dioxide

     At a December 1997 meeting in Kyoto, Japan, the Clinton
     Administration supported changes to the International Global
     Climate Change treaty which would require a seven percent
     reduction in United States carbon dioxide (CO2) emissions below
     1990 levels. The Administration has not submitted this change to
     the U.S. Senate where ratification is uncertain.  If future
     reductions of electric utility CO2 emissions are eventually
     required, the financial impact upon KCPL could be substantial.

8.  LOW-LEVEL WASTE

The Low-Level Radioactive Waste Policy Amendments Act of 1985 mandated
that the various states, individually or through interstate compacts,
develop alternative low-level radioactive waste disposal facilities.
The states of Kansas, Nebraska, Arkansas, Louisiana and Oklahoma
formed the Central Interstate Low-Level Radioactive Waste Compact and
selected a site in northern Nebraska to locate a disposal facility.
Wolf Creek Nuclear Operating Corporation (WCNOC) and the owners of the
other five nuclear units in the compact provide most of the pre-
construction financing for this project.  KCPL's net investment on its
books was approximately $7.5 million at March 31, 1999 and December
31, 1998.

Significant opposition to the project has been raised by Nebraska
officials and residents in the area of the proposed facility, and
attempts have been made through litigation and proposed legislation in
Nebraska to slow down or stop development of the facility.   On
December 18, 1998, the application for a license to construct this
project was denied.  On January 15, 1999, a request for a contested
case hearing on the denial of the license was filed.  On April 16,
1999, a U.S. District Court judge in Nebraska issued an injunction
staying indefinitely any further activity on the contested case
hearing. A greater possibility of reversing the license denial will
exist when the contested case hearing ultimately is conducted.

                                  13
<PAGE>

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

STATUS OF MERGER

See Note 1 to the Consolidated Financial Statements for the current
status of the proposed Western Resources Inc. (Western Resources)
merger.  In December 1996 the Federal Energy Regulatory Commission
(FERC) issued a statement concerning electric utility mergers.  Under
the statement, companies must demonstrate that their merger does not
adversely affect competition or wholesale rates.  As a result, FERC
may consider a number of remedies including transmission upgrades,
divestitures of generating assets or formation of independent system
operators.

REGULATION AND COMPETITION

As competition develops throughout the electric utility industry, we
are positioning Kansas City Power & Light Company (KCPL) to excel in
an open market.  We are continuing to improve the efficiency of KCPL's
electric utility operations, lowering prices and offering new
services.  In particular, KCPL's value-added services for large energy
users now include contracts for natural gas commodities.

Competition in the electric utility industry accelerated with the
passage of the National Energy Policy Act of 1992.  This Act gave FERC
the authority to require electric utilities to provide transmission
line access to independent power producers (IPPs) and other utilities
(wholesale wheeling).  In April 1996 FERC issued an order requiring
all owners of transmission facilities to adopt open-access tariffs and
participate in wholesale wheeling.  We made the necessary filings to
comply with that order.

FERC's April 1996 order encouraged more movement toward retail
competition at the state level.  An increasing number of states have
already adopted open access requirements for utilities' retail
electric service, allowing competing suppliers access to their retail
customers (retail wheeling).  Many other states are actively
considering retail wheeling, including Kansas and Missouri.  While
retail wheeling legislation was introduced in Kansas and Missouri in
1999, no comprehensive legislation was passed.

Retail access could result in market-based rates below current cost-
based rates, providing growth opportunities for low-cost producers and
risks for higher-cost producers, especially those with large
industrial customers.  Lower rates and the loss of major customers
could result in stranded costs and place an unfair burden on the
remaining customer base or shareholders.  Testimony filed in the
merger case in Kansas indicated stranded costs of approximately $1
billion for KCPL.  An independent study prepared at the request of the
Kansas Corporation Commission (KCC) concluded there are no stranded
costs.  We cannot predict whether any stranded costs would be
recoverable in future rates.  If an adequate and fair provision for
recovery of lost revenues is not provided, certain generating assets
may have to be evaluated for impairment and appropriate charges
recorded against earnings.  In addition to lower profit margins,
market-based rates could require generating assets to be depreciated
over shorter useful lives, increasing operating expenses.

KCPL is positioned to compete in an open market with its diverse
customer mix and pricing strategies.  Industrial customers make up
about 20% of KCPL's retail mwh sales, well below the utility industry
average.  KCPL's flexible industrial rate structure is competitive
with other companies' rate structures in the region.  In addition, we
have entered into or are negotiating long-term

                                  14
<PAGE>

contracts for a large
portion of KCPL's industrial sales.  Although no direct competition
for retail electric service currently exists within KCPL's service
territory, it exists in the bulk power market and between alternative
fuel suppliers and KCPL.  We also are currently encountering third-
party energy management companies seeking to initiate relationships
with large users in KCPL's service territory in an attempt to enhance
their chances to supply electricity directly when retail wheeling is
authorized.

Increased competition could also force utilities to change accounting
methods.  Financial Accounting Standards Board (FASB) Statement No. 71
- Accounting for Certain Types of Regulation applies to regulated
entities whose rates are designed to recover the costs of providing
service.  A utility's operations could stop meeting the requirements
of FASB 71 for various reasons, including a change in regulation or a
change in the competitive environment for a company's regulated
services.  For those operations no longer meeting the requirements of
regulatory accounting, regulatory assets would be written off.  KCPL
can maintain its $134 million of regulatory assets at March 31, 1999,
as long as FASB 71 requirements are met.

Competition could eventually have a materially adverse effect on
KCPL's results of operations and financial position.  Should
competition eventually result in a significant charge to equity,
capital requirements and related costs could increase significantly.

NONREGULATED OPPORTUNITIES

KLT Inc. (KLT), a wholly-owned subsidiary of KCPL, pursues
nonregulated business ventures.  Existing ventures include investments
in energy services, oil and gas development and production,
telecommunications and affordable housing limited partnerships.

KCPL's equity investment in KLT was $119 million as of March 31, 1999
and 1998.  KLT's net income for the three months ended March 31, 1999,
totaled $0.3 million compared to $4.1 million for the three months
ended March 31, 1998.  KLT's consolidated assets at March 31, 1999,
totaled $300 million.

Home Service Solutions Inc. (HSS), a wholly-owned subsidiary of KCPL,
pursues nonregulated business ventures, primarily in residential
services.  HSS has an investment in R.S. Andrews Enterprises, Inc.
(RSAE), a consumer services company in Atlanta, Georgia.  RSAE expects
to continue making acquisitions in key U.S. markets.  Additionally,
Worry Free Service, Inc., a wholly-owned subsidiary of HSS, provides
residential services, including preventative maintenance and warranty
services of heating and air conditioning equipment.

KCPL's equity investment in HSS was $24 million as of March 31, 1999.
HSS's consolidated assets at March 31, 1999, totaled $27 million.

RESULTS OF OPERATIONS

Three-month         Three months ended March 31, 1999, compared
period:             with three months ended March 31, 1998
                    
Twelve-month        Twelve months ended March 31, 1999, compared
period:             with twelve months ended March 31, 1998

                                  15
<PAGE>

WOLF CREEK'S CURRENT REFUELING AND MAINTENANCE OUTAGE

Wolf Creek completed its tenth refueling and maintenance outage in 36
days, the shortest in Wolf Creek's history.  See Wolf Creek section,
page 21.

EARNINGS OVERVIEW

                   Earnings Per Share              
                 For the Periods Ended
                        March 31
                                          (Decreased) Increase(Decrease)    
                              Increase    Merger      Excluding
                 1999   1998  (Decrease)  Expenses    Merger Expenses
Three months     $0.18  $0.22 $(0.04)     $(0.09)     $(0.13)
ended

Twelve months    $1.85  $1.65 $ 0.20      $(0.05)     $ 0.15
ended

Excluding merger expenses, earnings per share (EPS) for the three-
month period decreased primarily due to decreased income from
subsidiaries $(0.08 per share).  Additionally, EPS decreased because
of decreased bulk power sales and increased purchased power because,
as a result of the February 17, 1999 boiler explosion, the 476-
megawatt Hawthorn Generating Station's Unit No. 5 (Hawthorn 5) was
unavailable.  Missouri rate reduction accruals decreased EPS by $0.01.
Partially offsetting these decreases were the positive effects on EPS
of decreased administrative and general operating expenses and
continued load growth.

Excluding merger expenses, EPS for the twelve-month period increased
primarily due to increased revenues resulting from more favorable
weather during the twelve-month period and continued load growth.  EPS
also increased for the twelve-month period as a result of decreased
administrative and general operating expenses ($0.05 per share) and
interest expense on long-term debt ($0.05 per share).  Partially
offsetting these increases in EPS were the effects on EPS of decreased
subsidiary income ($0.14), rate reductions approved by the KCC
($0.11), the rate reduction approved by the MPSC ($0.01) and increased
depreciation expense ($0.05).

Merger expenses for the three months ended March 31, 1999, were $0.3
million compared to $5.3 million ($0.09 per share) for the three
months ended March 31, 1998.  Merger expenses for the twelve months
ended March 31, 1999, reduced EPS by ($0.11) compared to ($0.16) for
the twelve months ended March 31, 1998.

                                  16
<PAGE>

MEGAWATT-HOUR (MWH) SALES AND OPERATING REVENUES

Sales and revenue data:
(revenue change in millions)
                                  For the Periods Ended
                             March 31, 1999 versus March 31, 1998
                                Three Months    Twelve Months
                              Mwh  Revenues    Mwh  Revenues
                                    Increase (decrease)
Retail Sales:                                                
 Residential                   3 %  $     1     9 %   $   21
 Commercial                    4 %        2     5 %       13
 Industrial                    2 %        -     5 %        4
 Other                         2 %        -     8 %       (2)
   Total Retail                3 %        3     6 %       36
Sales for Resale:                                            
 Bulk Power Sales            (44)%       (8)  (13)%        1
 Other                         4 %        -     3 %        -
   Total                                 (5)              37
 Other revenues                           -                -
   Total Operating                                            
    Revenues                        $    (5)          $   37

On April 13, 1999, a stipulation and agreement among KCPL, the MPSC
staff and public counsel was approved by the MPSC.  The essential
components of the stipulation are as follows:

- Commencing with electric service provided on or after March 1,
  1999, KCPL will reduce its annual Missouri electric revenues by 3.2%,
  or about $15 million.
- The parties will not file a request for an increase or decrease
  in KCPL's rates, or for a refund of those rates, before the earlier of
  September 1, 2001, or the closing of the KCPL/Western Resources
  merger; such rates would not be effective before the earlier of March
  1, 2002, or one year after closing of the merger.
- In the merger case, staff and public counsel reserve the right to
  recommend a rate reduction upon closing of the merger as a condition
  of Commission approval of an alternative regulatory plan.  They also
  reserve the right to recommend rate reductions that would be effective
  no sooner than one year after closing of the merger.

Effective March 1, 1999, we began accruing the 3.2% rate reduction for
refund to Missouri retail customers.  We will refund to Missouri
retail customers the amounts accrued from March 1, 1999, through
August 1, 1999, the implementation date.  Revenues for the three- and
twelve-month periods were reduced by about $1 million as a result of
the Missouri rate reduction.

The KCC approved a rate settlement agreement, effective January 1,
1998, authorizing a $14.2 million annual revenue reduction and an
annual increase in depreciation expense of $2.8 million.  Pending the
approval of a new Kansas rate design, we accrued $14.2 million during
1998 for refund to customers.  The new rate design was approved in
December 1998 and directed KCPL to refund, starting March 1, 1999, the
$14.2 million we accrued during 1998 plus the amount that we accrued
for January and February 1999.  The KCC rate settlement agreement
reduced revenues by $14 million for the twelve months ended March 31,
1999, and $3 million for the twelve months ended March 31, 1998.

                                  17
<PAGE>

The Kansas rate refund accruals applied to customers' accounts in 1999
and seasonally lower retail sales in March 1999 versus December 1998,
resulted in a lower accounts receivable balance for electric customers
at March 31, 1999, compared with December 31, 1998.

Even though weather was milder for the three-month period, retail mwh
sales increased 3% primarily due to continued load growth.  Load
growth consists of higher usage-per-customer as well as the addition
of new customers.

Retail mwh sales for the twelve-month period increased 6% while retail
revenues increased 4%.  The MPSC and KCC rate reductions decreased
revenues for the twelve-month period, partially offsetting increased
revenues from increased retail mwh sales driven by warmer than normal
summer weather in 1998 and continued load growth.

Bulk power sales vary with system requirements, generating unit and
purchased power availability, fuel costs and the requirements of other
electric systems.  The explosion at Hawthorn 5 on February 17, 1999,
resulted in reduced bulk power mwh sales for the three-month period.
The 1999 explosion and the 1998 outage due to a ruptured steam pipe at
Hawthorn 5 resulted in decreased bulk power mwh sales for the twelve-
month period.  Outages at the LaCygne 1 and 2 generating units in the
second quarter of 1997 and the extended 1997 Wolf Creek outage
contributed to reduced bulk power mwh sales for the twelve-months
ended March 31, 1998.

Future mwh sales and revenues per mwh could be affected by national
and local economies, weather, customer conservation efforts and
availability of generating units.  Competition, including alternative
sources of energy, such as natural gas, co-generation, IPPs and other
electric utilities, may also affect future sales and revenue.

FUEL AND PURCHASED POWER

Combined fuel and purchased power expenses for the three-month period
decreased 5% while total mwh sales (total of retail and sales for
resale) decreased by 10%.  The unavailability of Hawthorn 5
contributed to increased purchased power expenses partially offset by
decreased fuel expenses at Hawthorn 5.  The cost per mwh for purchased
power was significantly higher than the fuel cost per mwh of
generation.

Combined fuel and purchased power expenses for the twelve-month period
increased 7% while total mwh sales increased 2%.  This difference is
largely due to increased purchased power expenses during the twelve-
month period.

Nuclear fuel costs per MMBTU remained substantially less than the
MMBTU price of coal.  Nuclear fuel costs per MMBTU decreased 4% for
the twelve-month period.  Nuclear fuel costs per MMBTU averaged about
60% of the MMBTU price of coal for the twelve months ended March 31,
1999, and March 31, 1998.  We expect the price of nuclear fuel to
remain fairly constant through the year 2001.  During the twelve
months ended March 31, 1999, fossil plants represented about 69% of
total generation and the nuclear plant about 31%.  For the twelve
months ended March 31, 1998, fossil plants represented about 75% of
total generation and the nuclear plant about 25%.

The cost of coal burned declined 3% for the twelve-month period.
KCPL's coal procurement strategies continue to provide coal costs
below the regional average.  We expect coal costs to remain fairly
consistent with current levels through 2001.

                                  18
<PAGE>

OTHER OPERATION AND MAINTENANCE EXPENSES

Combined other operation and maintenance expenses for the three- and
twelve-month periods declined slightly due largely to decreased
administrative and general expenses and, as a result of the February
17, 1999, boiler explosion, decreased maintenance expenses at Hawthorn
5.  Partially offsetting these decreased expenses for the three-month
period, maintenance expenses increased at LaCygne 2 due to a Spring
1999 scheduled outage.  The decreased administrative and general
expenses for the twelve-month period were partially offset by
increased maintenance expenses incurred during outages at Hawthorn 5,
as well as LaCygne 1 in 1998 and LaCygne 2 in 1999.  The twelve-month
period also reflected decreased write-offs of uncollectible customer
accounts and decreased Wolf Creek non-fuel operations expenses.

We continue to emphasize new technologies, improved work methodology
and cost control.  We continuously improve our work processes to
provide increased efficiencies and improved operations.  Through the
use of cellular technology, more than 90% of KCPL's customer meters
are read automatically.

DEPRECIATION

The increase in depreciation expense for the three- and twelve-month
periods reflected normal increases in depreciation from capital
additions.  Additionally, the twelve-month period reflected the
implementation of the KCC settlement agreement, effective January 1,
1998, which authorized a $2.8 million annual increase in depreciation
expense.

TAXES

Operating income taxes increased $9 million for the twelve-month
period reflecting higher taxable operating income.

Components of general taxes:
                         Three months ended    Twelve months ended
                              March 31            March 31
                           1999      1998      1999      1998
                                      (thousands)
Property                 $ 10,741  $ 11,358  $ 40,781  $ 43,128
Gross receipts              8,912     8,613    42,439    40,502
Other                       2,158     2,197    10,009     9,143
      Total              $ 21,811  $ 22,168  $ 93,229  $ 92,773

Property taxes decreased in the three-month period, primarily
reflecting changes in Kansas tax law which reduced the mill levy
rates.  Property taxes decreased in the twelve-month period,
reflecting changes in Kansas tax law which reduced the mill levy rates
and lower Missouri and Kansas property tax assessed valuations in
1998.  Gross receipts taxes increased in the three- and twelve-month
periods reflecting higher billed Missouri revenues.

                                  19
<PAGE>

OTHER INCOME AND (DEDUCTIONS)

KLT summarized operations:

                        Three months ended   Twelve months ended
                             March 31              March 31
                         1999       1998       1999       1998
                                       (millions)
Miscellaneous income                                    
 and (deductions)-net* $(8.1)     $(1.0)    $(29.2)    $(13.6)
Income taxes            11.4        8.7       42.9       36.0
Interest charges        (3.0)      (3.6)     (13.0)     (14.2)
       Net income      $ 0.3      $ 4.1     $  0.7     $  8.2

KLT's operations for the three-month period were affected by the
following significant factors:

- Net income of approximately $2 million for the three months ended
  March 31, 1998, related to KLT Power Inc. (sold in July 1998).
- A $3 million equity loss recorded for the three months ended
  March 31, 1999, on an investment in Digital Teleport, Inc. (DTI), a
  company developing a midwest regional fiber optic network.
- A $2 million loss from an equity investment in an oil and gas
  company.

KLT's operations for the twelve-month period were affected by the
following significant factors:

- The $2 million loss from an equity investment in an oil and gas
  company.
- A $12 million equity loss recorded on an investment in DTI.
- The $4 million gain on the sale of the common stock of KLT Power
  Inc.
- A $6 million write down of its investment in a power station in
  China.

Miscellaneous income and (deductions) - net includes the following
significant items:

                        Three months ended   Twelve months ended
                             March 31              March 31
                          1999       1998       1999       1998
                                       (millions)
 Merger-related expenses $ (0.3)     $(5.3)     $ (9.6)   $(11.6)
*From table above          (8.1)      (1.0)      (29.2)    (13.6)
 Other                     (2.1)      (1.4)       (5.6)     (3.6)
  Total Miscellaneous                                            
   income and              
   (deductions) - net    $(10.5)     $(7.7)     $(44.4)   $(28.8)

Other Miscellaneous income and (deductions) - net for the three- and
twelve-month periods was affected by a $2 million write-off to comply
with an AICPA Statement of Position (SOP) regarding start-up
activities.

Other Income and (Deductions) - Income taxes for the three- and twelve-
month periods reflect the tax impact on total miscellaneous income and
(deductions) - net.  Additionally, we accrued tax credits of $7
million for the three months ended March 31, 1999, and $6 million for
the three months ended March 31, 1998, or one-fourth of the total
expected annual credits related to KLT's

                                  20                              
<PAGE>

investments in affordable
housing limited partnerships as well as in oil and gas.  We accrued
tax credits of $26 million for the twelve months ended March 31, 1999,
and $23 million for the twelve months ended March 31, 1998.

INTEREST CHARGES

Long-term debt interest expense decreased for the three- and twelve-
month periods, reflecting lower average levels of outstanding long-
term debt.  The lower average levels of debt reflect scheduled debt
repayments made by KCPL and lower average levels of debt by KLT on its
bank credit agreement.

Interest expense of mandatorily redeemable Preferred Securities
reflects interest charges incurred on the $150 million of 8.3%
preferred securities issued in April 1997.

We use interest rate swap and cap agreements to limit the volatility
in interest expense on a portion of KLT's variable-rate, bank credit
agreement and KCPL's variable-rate, long-term debt.  Although these
agreements are an integral part of interest rate management, the
incremental effect on interest expense and cash flows is not
significant.  We do not use derivative financial instruments for
speculative purposes.

WOLF CREEK

Wolf Creek is one of KCPL's principal generating units, representing
about 19% of its accredited generating capacity, excluding the
Hawthorn 5 generating unit from KCPL's accredited generating capacity.
The plant's operating performance has remained strong, contributing
about 28% of the annual mwh generation while operating at an average
capacity of 94% over the last three years.  Wolf Creek has the lowest
fuel cost per MMBTU of any of KCPL's generating units.

We accrue the incremental operating, maintenance and replacement power
costs for planned outages evenly over the unit's operating cycle,
normally 18 months.  As actual outage expenses are incurred, the
refueling liability and related deferred tax asset are reduced.

Wolf Creek's tenth refueling and maintenance outage, estimated to be a
40-day outage, began April 3, 1999, and was completed May 9, 1999.
The 36-day outage was the shortest refueling and maintenance outage in
Wolf Creek's history.

Wolf Creek's ninth refueling and maintenance outage, budgeted for 35
days, began in early October 1997 and was completed in December 1997
(58 days).  The extended length of the ninth outage was caused by
several equipment problems.  Actual costs of the 1997 outage were $6
million in excess of the estimated and accrued costs for the outage.

No major equipment replacements are currently projected.  An extended
shut-down of Wolf Creek could have a substantial adverse effect on
KCPL's business, financial condition and results of operations because
of higher replacement power and other costs.  Although not expected,
an unscheduled plant shut-down could be caused by actions of the
Nuclear Regulatory Commission reacting to safety concerns at the plant
or other similar nuclear units.  If a long-term shut-down occurred,
the state regulatory commissions could reduce rates by excluding the
Wolf Creek investment from rate base.

                                  21
<PAGE>

Ownership and operation of a nuclear generating unit exposes KCPL to
risks regarding decommissioning costs at the end of the unit's life
and to potential retrospective assessments and property losses in
excess of insurance coverage.

ENVIRONMENTAL MATTERS

KCPL's operations must comply with federal, state and local
environmental laws and regulations.  The generation and transmission
of electricity produces and requires disposal of certain products and
by-products, including polychlorinated biphenyl (PCBs), asbestos and
other potentially hazardous materials.  The Federal Comprehensive
Environmental Response, Compensation and Liability Act (the Superfund
law) imposes strict joint and several liability for those who
generate, transport or deposit hazardous waste.  This liability
extends to the current property owner, as well as prior owners since
the time of contamination.

We continually conduct environmental audits to detect contamination
and ensure compliance with governmental regulations.  However,
compliance programs needed to meet new and future environmental laws
and regulations governing water and air quality, including carbon
dioxide emissions, nitrogen oxide emissions, hazardous waste handling
and disposal, toxic substances and the effects of electromagnetic
fields, could require substantial changes to operations or facilities
(see Note 7 to the Consolidated Financial Statements).

IMPACT OF THE YEAR 2000 ISSUE

The Year 2000 Issue resulted from computer systems and applications
using two digits instead of four to define the year.  Computer
programs with date-sensitive software could recognize the date of "00"
as the Year 1900 rather than the Year 2000.  Unless corrected, some
computer systems and applications could incorrectly process
information resulting in miscalculations or system disruptions.

We have assessed the potential of the Year 2000 Issue on KCPL's
Information Technology (IT) and non-IT processes and operations.
Beginning in 1997, we established a Year 2000 team responsible for
evaluating, identifying and correcting problems in all critical
computer software, hardware and embedded systems.  We utilized both
internal and external resources in this process.  Because we have
invested approximately $62 million in new Year 2000 ready technologies
over the past several years, we identified fewer issues than some
companies.

The assessment of all of KCPL's major systems impacted by the Year
2000 Issue has been completed and remediation efforts are well
underway.  The Control System at one power plant is currently running
with the date set beyond January 1, 2000, and we expect Control
Systems at KCPL's other plants to be advanced by mid-1999.  We have
substantially completed readiness efforts for KCPL's major processes
with the exception of the new customer information system.  We expect
the implementation and testing of the new customer information system
to be completed by mid-1999.
     
On an ongoing basis, we are sharing information with other electric
industry organizations, such as the Electric Power Research Institute,
in order to adequately anticipate and plan for potential problems.  We
participated in an industry-wide drill April 9, 1999, coordinated by
the North American Electric Reliability Council (NERC).  The drill
simulated partial loss of telecommunications and found that our
contingency procedures and backup systems worked well.  We will
participate in another industry-wide drill, to be coordinated by NERC,
scheduled for September 9, 1999, which will be a "dress rehearsal" for
the transition to Year 2000.  The monitoring phase of KCPL's Year 2000
project will continue through at least the first quarter of 2000.  We
believe the total costs of the

                                  22
<PAGE>

assessment, remediation, testing and
monitoring efforts will be approximately $7 million.  These costs are
expensed as incurred.

Regarding the Wolf Creek Nuclear Generating Station, we believe we are
in compliance with the Nuclear Regulatory Commission's Year 2000
regulations and will file the required status response with the
Commission before July 1, 1999.  The Commission performed an on-site
audit of Wolf Creek's Year 2000 project plans in November 1998, and no
areas of concern were identified.  Control systems at Wolf Creek
utilize analog components that are not date-sensitive which mitigates
Year 2000 concerns about critical operations of the plant.  We expect
all assessments of affected systems will be completed by the end of
the second quarter in 1999, with remediation being completed by the
end of the third quarter.  The Commission guidelines are being
followed in the development of contingency plans.

We initiated communications with all large suppliers and customers to
evaluate KCPL's vulnerability to the failure of others to remediate
their Year 2000 Issues.  While no major issues have been discovered,
we cannot be certain their systems will not impact KCPL's operations.
Thus, we have developed a number of contingency plans to mitigate
potential problems with third party failures.

The most reasonable likely worse case scenario would be the loss or
partial interruption of KCPL's electrical system which is connected to
other utilities throughout the United States and Canada, east of the
Rocky Mountains.  This interconnection is essential to the
reliability, stability and operational integrity of each connected
electric utility.  KCPL could encounter difficulties supplying
electric service if other interconnected utilities fail to achieve
Year 2000 compliance and create an unstable condition on the grid.

We are addressing this and other potential Year 2000 risks by
implementing a number of action plans, including:
  - Participating in operating contingency plans and drills developed
    by the Southwest Power Pool and the North American Electric
    Reliability Council.
  - Implementing and testing radio communication for personnel
    manning critical operation points.
  - Testing functional emergency radio systems, and ensuring they are
    operational for generating stations.
  - Working with local authorities and testing systems to establish a
    means of communicating if telephones are not available.
  - Ensuring readiness to execute the generation and systems black
    start procedures.

CAPITAL REQUIREMENTS AND LIQUIDITY

KCPL's liquid resources at March 31, 1999 included cash flows from
operations and $251 million of unused bank lines of credit.  The
unused lines consisted of KCPL's short-term bank lines of credit of
$180 million and KLT's bank credit agreement of $71 million.  Cash and
cash equivalents decreased by $30 million from December 31, 1998 to
March 31, 1999, primarily due to dividend payments.

By applying the Kansas rate refund accrual to the balances of Kansas
customers' electric accounts receivable during the three months ended
March 31, 1999, we reduced electric customer accounts receivable and
other current liabilities at March 31, 1999, compared to the December
31, 1998 balances.  This resulted in minimal impact on cash flows from
operating activities in the three- and twelve-month periods.

                                  23
<PAGE>

KCPL continues to generate positive cash flows from operating
activities.  Individual components of working capital will vary with
normal business cycles and operations, such as the refunds to Kansas
customers that will mainly reduce April 1999 cash receipts below
normal levels.  Cash from operating activities decreased for the three-
month period primarily due to decreased net income, other receivables
and non-cash expenses.  The majority of the decrease in non-cash
expenses for the three-month period was due to decreases in deferred
income taxes.  Partially offsetting these decreases were increases in
non-cash expenses due to the Missouri rate refunds, accrued but not
refundable until August 1999, and increases in losses from equity
investments.

Cash from operating activities increased for the twelve-month period
reflecting increased net income and non-cash expenses.  The increased
non-cash expenses were primarily due to increased depreciation and
amortization expenses, increased losses incurred on equity investments
and an increased refueling outage accrual.  Partially offsetting these
increases were decreases in deferred income taxes.  The timing of the
Wolf Creek outage affects the refueling outage accrual, deferred
income taxes and amortization of nuclear fuel.

Accrued taxes increased from December 31, 1998, to March 31, 1999,
mainly due to the timing of income tax and property tax payments.

Cash used in investing activities varies with the timing of utility
capital expenditures and purchases of investments and nonutility
properties.  Cash used for investing activities decreased for the
twelve months ended March 31, 1999, reflecting the proceeds from the
sale of the common stock of KLT Power Inc.  Cash used for investing
activities during the twelve months ended March 31, 1998 reflected the
proceeds received in 1997 from the sale of streetlights to the City of
Kansas City, Missouri.

Cash used for financing activities decreased for the three-month
period primarily because no debt repayments were scheduled during the
three months ended March 31, 1999, whereas $51 million in repayments
were made in the three months ended March 31, 1998.  Cash used for
financing activities increased for the twelve-month period due to the
effect of KCPL Financing I, a wholly-owned subsidiary of KCPL, issuing
$150 million of preferred securities in April 1997, which decreased
cash used for financing activities for the twelve months ended March
31, 1998.

KCPL's common dividend payout ratio was 89% for the twelve months
ended March 31, 1999, and 98% for the twelve months ended March 31,
1998.

We expect to meet day-to-day operations, utility construction
requirements and dividends with internally-generated funds.  KCPL
might not be able to meet these requirements with internally-generated
funds because of the effect of inflation on operating expenses, the
level of mwh sales, regulatory actions, compliance with future
environment regulations and the availability of generating units (see
discussion below).  The funds needed to retire $394 million of
maturing debt through the year 2003 will be provided from operations,
refinancings or short-term debt.  KCPL might issue additional debt
and/or additional equity to finance growth or take advantage of new
opportunities.

On February 17, 1999, an explosion occurred at Hawthorn 5.  The boiler
was not operating at the time, and there were no injuries.  Though the
cause of the explosion is still under investigation, preliminary
results indicate that the damage was caused by an explosion of
accumulated gas in the boiler's firebox.  KCPL has insurance coverage
for this type of event, with limits of $300 million.  Work has begun
to dismantle the damaged boiler.

                                  24
<PAGE>

As a result of the explosion, we estimate a net increase in expense of
between $6.5 million and $11.5 million (before tax) for the year 1999.
These expenses assume normal weather and operating conditions and
include the effect of increased net replacement power costs, reduced
bulk power sales and reduction of certain operating and maintenance
expenses.  We will continue to evaluate any impact on future years.
We do not anticipate rate increases as a result of the explosion.

We are evaluating several alternatives for replacing the power
generated by Hawthorn 5 and are confident that we can secure
sufficient power to meet the energy needs of KCPL's customers during
this summer and beyond.  Even prior to the explosion, we were
finalizing contracts to bring on line an additional 294 megawatts of
capacity by the summer of 2000 in addition to Hawthorn No. 6, a 141-
megawatt, gas-fired combustion turbine, projected to be placed into
commercial operation during the spring of 1999.  We also plan to
permanently replace the lost capacity at Hawthorn and are exploring
size, fuel source and technology alternatives.

                                  25
<PAGE>

PART II - OTHER INFORMATION

Item 1.  Legal Proceedings

Kansas City Power & Light Co. v. Western Resources, Inc., et al.

In Kansas City Power & Light Co. v. Western Resources, Inc.,
et al . (previously discussed in the Company's Form 10-K for
the year ended December  31, 1998), the United States Court
of Appeals for the Eighth Circuit upheld on March 17, 1999
the District Court's award of approximately $500,000 in
attorneys' fees.  The Company does not intend to pursue this
matter further.

Merger Regulatory Proceedings

The Amended Merger Agreement with Western Resources continues
to be subject to regulatory and governmental approvals
including the Missouri Public Service Commission (MPSC), the
Kansas Corporation Commission (KCC) and the Federal Energy
Regulatory Commission (FERC).  Merger hearings before the KCC
began May 3, 1999, and the hearings before the MPSC are
scheduled to begin on July 26, 1999.  The orders in those two
proceedings are expected this fall.  The FERC hearing is
scheduled to begin October 25, 1999.  Unless a settlement is
reached with the FERC, an order is not expected until the
first quarter of 2000.   (For more information on merger, see
Note 1 to the Notes to Consolidated Financial Statements on
page 8 of this Form 10-Q).

Item 6.  Exhibits and Reports on Form 8-K.

Exhibits

Exhibit 27     Financial Data Schedule (for the three months
          ended Mach 31, 1999).

Reports on Form 8-K

A report on Form 8-K was filed with the Securities and
Exchange Commission on January 27, 1999, with attached
Stipulation and Agreement entered into January 26, 1999, by
and among Kansas City Power & Light Company, Staff of the
Missouri Public Service Commission and Office of Public
Counsel.

A report on Form 8-K was filed with the Securities and
Exchange Commission on February 19, 1999, with attached press
release reporting on an explosion that occurred at the
Company's Hawthorn Generating Station.

A report on Form 8-K was filed with the Securities and
Exchange Commission on March 2, 1999, with attached press
release concerning the Company's insurance coverage at its
Hawthorn Generating Station.

                                26

<PAGE>

                         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.

                         KANSAS CITY POWER & LIGHT COMPANY

Dated:  May 13, 1999     By:  /s/Drue Jennings
                                (Drue Jennings)
                                (Chief Executive Officer)


Dated:  May 13, 1999     By:  /s/Neil Roadman
                                (Neil Roadman)
                                (Principal Accounting Officer)