Exhibit 12(d)
                                                      
                       Entergy Mississippi, Inc.
       Computation of Ratios of Earnings to Fixed Charges and
Ratios of Earnings to Combined Fixed Charges and Preferred Dividends
                                                               
<TABLE>                                                                                                                  
<CAPTION>
<S>                                                           <C>       <C>       <C>       <C>       <C>       <C>
                                                              1992      1993      1994      1995      1996      1997
                                                                                                                       
Fixed charges, as defined:                                                                                             
  Total Interest                                               64,066    55,359    52,764    51,635    48,007    45,274
  Interest applicable to rentals                                  521     1,264     1,716     2,173     2,165     1,947
                                                              ---------------------------------------------------------
Total fixed charges, as defined                                64,587    56,623    54,480    53,808    50,172    47,221
                                                                                                                       
Preferred dividends, as defined (a)                            12,823    12,990     9,447     9,004     7,610     5,123
                                                              ---------------------------------------------------------
Combined fixed charges and preferred dividends, as defined    $77,410   $69,613   $63,927   $62,812   $57,782   $52,344
                                                              =========================================================
Earnings as defined:                                                                                                   
                                                                                                                       
  Net Income                                                  $65,036  $101,743   $48,779   $68,667   $79,210    66,661
  Add:                                                                                                                 
    Provision for income taxes:                                                                                        
    Total income taxes                                         23,147    55,993    12,476    34,877    41,107    26,744
    Fixed charges as above                                     64,587    56,623    54,480    53,808    50,172    47,221
                                                             ----------------------------------------------------------
Total earnings, as defined                                   $152,770  $214,359  $115,735  $157,352  $170,489  $140,626
                                                             ==========================================================
Ratio of earnings to fixed charges, as defined                   2.37      3.79      2.12      2.92      3.40      2.98
                                                             ==========================================================
Ratio of earnings to combined fixed charges and                                                                        
 preferred dividends, as defined                                 1.97      3.08      1.81      2.51      2.95      2.69
                                                             ==========================================================
                                                                                                                       
------------------------                                                                                               
 (a) "Preferred dividends," as defined by SEC regulation S-K, are computed by dividing the preferred dividend
      requirement by one hundred percent (100%) minus the income tax rate.

</TABLE>