Document:

Exhibit 10.40

                              AMENDED AND RESTATED
                           CHANGE IN CONTROL AGREEMENT

         THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT ("Agreement")
made and entered into by and between The Southern Company ("Southern"), Southern
Company Services, Inc. (the "Company") and Mr. Gale E. Klappa ("Mr. Klappa")
(hereinafter collectively referred to as the "Parties") is effective July 10,
2000. This Agreement amends and restates the Change in Control Agreement entered
into by the Parties effective October 6, 1999.

                              W I T N E S S E T H:
                               - - - - - - - - - -

         WHEREAS, Mr. Klappa is Executive Vice President of the Company;
         WHEREAS, the Parties entered into a Change in Control Agreement
effective October 6, 1999 (the "October 6, 1999 Agreement") to provide to Mr.
Klappa certain severance benefits under certain circumstances following a change
in control (as defined herein) of Southern or the Company;

         WHEREAS, pursuant to Section 6(d) of the October 6, 1999 Agreement, the
Parties may amend the October 6, 1999 Agreement by written agreement;

         WHEREAS, the Parties wish to enter into this Amended and Restated
Change in Control Agreement pursuant to Section 6(d), to (i) change certain
references from normal market bonus to target bonus, (ii) clarify that an
initial public offering and a spin-off of the Company does not constitute a
"change in control" under the Agreement, (iii) delete references to the
"Productivity Improvement Plan," (iv) add Southern Energy, Inc. as a company
released in the waiver and release attached hereto, and (v) certain other
technical and miscellaneous modifications;

         NOW, THEREFORE, in consideration of the premises, and the agreements of
the parties set forth in this Agreement, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

         1.       Definitions.  For  purposes of this Agreement, the following
 terms  shall have the  following meanings:

                  (a) "Annual Compensation" shall mean Mr. Klappa's highest
         annual base salary rate for the twelve (12) month period immediately
         preceding the date of the Change in Control plus target bonus.

                  (b) "Beneficial Ownership" shall mean beneficial ownership
         within the meaning of Rule 13d-3 promulgated under the Exchange Act.

                  (c)      "Board" shall mean the board of directors of the
         Company.

                  (d) "Business Combination" shall mean a reorganization, merger
         or consolidation of Southern or sale or other disposition of all or
         substantially all of the assets of Southern.

                  (e)      "Change in Control" shall mean any of the following:

                           (i) The Consummation of an acquisition by any Person
                  of Beneficial Ownership of 20% or more of Southern's Voting
                  Securities; provided, however, that for purposes of this
                  Paragraph 1.(e)(i), the following acquisitions of Southern's
                  Voting Securities shall not constitute a Change in Control:

                         (A) any acquisition directly from Southern;

                         (B) any acquisition by Southern;

                         (C) any  acquisition  by any employee  benefit plan (or
                    related  trust)  sponsored or  maintained by Southern or any
                    Southern Subsidiary;

                         (D) any  acquisition  by a  qualified  pension  plan or
                    publicly held mutual fund;  (E) any  acquisition  by a Group
                    composed  exclusively  of  employees  of  Southern,  or  any
                    Southern Subsidiary;

                         (F) any acquisition by Mr. Klappa or any Group of which
                    Mr. Klappa is a party; or

                         (G) any Business  Combination which would not otherwise
                    constitute a change in control because of the application of
                    clauses (A), (B) and (C) of Paragraph 1.(e)(iii);

                           (ii) A change in the composition of the Southern
                  Board whereby individuals who constitute the Incumbent Board
                  cease for any reason to constitute at least a majority of the
                  Southern Board;

                           (iii) Consummation of a Business Combination,
                  provided, however, that such a Business Combination shall not
                  constitute a Change in Control if all three (3) of the
                  following conditions are met:

                                    (A) all or substantially all of the
                           individuals and entities who held Beneficial
                           Ownership, respectively, of Southern's Voting
                           Securities immediately prior to such Business
                           Combination beneficially own, directly or indirectly,
                           65% or more of the combined voting power of the
                           Voting Securities of the corporation surviving or
                           resulting from such Business Combination, (including,
                           without limitation, a corporation which as a result
                           of such transaction holds Beneficial Ownership of all
                           or substantially all of Southern's Voting Securities
                           or all or substantially all of Southern's assets)
                           (such surviving or resulting corporation to be
                           referred to as "Surviving Company"), in substantially
                           the same proportions as their ownership, immediately
                           prior to such Business Combination, of Southern's
                           Voting Securities;

                                    (B) no Person (excluding any corporation
                           resulting from such Business Combination, any
                           employee benefit plan (or related trust) of Southern,
                           any Southern Subsidiary or Surviving Company, Mr.
                           Klappa, any Group of which Mr. Klappa is a party, any
                           Group composed exclusively of Company employees, any
                           qualified pension plan (or related trust) or any
                           publicly held mutual fund) holds Beneficial
                           Ownership, directly or indirectly, of 20% or more of
                           the combined voting power of the then outstanding
                           Voting Securities of Surviving Company except to the
                           extent that such ownership existed prior to the
                           Business Combination; and

                                    (C) at least a majority of the members of
                           the board of directors of Surviving Company were
                           members of the Incumbent Board at the earlier of the
                           date of execution of the initial agreement, or of the
                           action of the Southern Board, providing for such
                           Business Combination.

                           (iv) The Consummation of an acquisition by any Person
                  of Beneficial Ownership of 50% or more of the combined voting
                  power of the then outstanding Voting Securities of the
                  Company; provided, however, that for purposes of this
                  Paragraph 1.(e)(iv), any acquisition by Mr. Klappa, any Group
                  composed exclusively of employees of the Company, any Group of
                  which Mr. Klappa is a party, any qualified pension plan (or
                  related trust), any publicly held mutual fund, any employee
                  benefit plan (or related trust) sponsored or maintained by
                  Southern or any Southern Subsidiary shall not constitute a
                  Change in Control;

                           (v) Consummation of a reorganization, merger or
                  consolidation of the Company (an "Employing Company Business
                  Combination"), in each case, unless, following such Employing
                  Company Business Combination, Southern Controls the
                  corporation or other entity surviving or resulting from such
                  Employing Company Business Combination; or

                         (vi)  Consummation of the sale or other  disposition of
                    all or  substantially  all of the assets of the Company to a
                    corporation or other entity which Southern does not Control.
                    Notwithstanding the foregoing,  in no event shall "Change in
                    Control"  mean an initial  public  offering or a spin-off of
                    the Company.

                  (f) "COBRA Coverage" shall mean any continuation coverage to
         which Mr. Klappa or his dependents may be entitled pursuant to Code
         Section 4980B.

                         (g) "Code"  shall  mean the  Internal  Revenue  Code of
                    1986, as amended.

                         (h)  "Company"  shall mean Southern  Company  Services,
                    Inc., its successors and assigns.

                  (i) "Consummation" shall mean the completion of the final act
         necessary to complete a transaction as a matter of law, including, but
         not limited to, any required approvals by the corporation's
         shareholders and board of directors, the transfer of legal and
         beneficial title to securities or assets and the final approval of the
         transaction by any applicable domestic or foreign governments or
         governmental agencies.

                  (j) "Control" shall mean, in the case of a corporation,
         Beneficial Ownership of more than 50% of the combined voting power of
         the corporation's Voting Securities, or in the case of any other
         entity, Beneficial Ownership of more than 50% of such entity's voting
         equity interests.

                  (k) "DIC Plan" shall mean the Southern Energy Resources, Inc.
         Deferred Incentive Compensation Plan or replacement thereto, as such
         plans may be amended from time to time.

                  (l)      "Effective Date" shall mean the date of execution of
         this Agreement.

                  (m) "Employee Outplacement Program" shall mean the program
established by the Company from time to time for the purpose of assisting
participants covered by the plan in finding employment outside of the Company
which provides for the following services:

                         (i) self-assessment, career decision and goal setting;

                         (ii) job market research and job sources;

                         (iii) networking and interviewing skills;

                         (iv) planning and implementation strategy;

                         (v) resume  writing,  job  hunting  methods  and salary
                    negotiation; and

                         (vi) office support and job search resources.

                         (n) "Exchange Act" shall mean the  Securities  Exchange
                    Act of 1934, as amended.

                  (o) "Good Reason" shall mean, without Mr. Klappa's express
         written consent, after written notice to the Board, and after a thirty
         (30) day opportunity for the Board to cure, the continuing occurrence
         of any of the following events:

                         (i)  Inconsistent  Duties. A meaningful and detrimental
                    alteration  in Mr.  Klappa's  position  or in the  nature or
                    status  of  his   responsibilities   from  those  in  effect
                    immediately prior to the Change in Control;

                           (ii) Reduced Salary. A reduction of five percent (5%)
                  or more by the Company in either of the following: (i) Mr.
                  Klappa's annual base salary rate as in effect immediately
                  prior to the Change in Control (except for a less than ten
                  percent (10%), across-the-board annual base salary rate
                  reduction similarly affecting at least ninety-five percent
                  (95%) of the Executive Employees of the Company); or (ii) the
                  sum of Mr. Klappa's annual base salary rate plus target bonus
                  under the PPP Plan (except for a less than ten percent (10%),
                  across-the-board reduction of annual base salary rate plus
                  target bonus under the PPP Plan similarly affecting at least
                  ninety-five percent (95%) of the Executive Employees of the
                  Company);

                           (iii) Pension and Compensation Plans. The failure by
                  the Company to continue in effect any pension or compensation
                  plan or agreement in which Mr. Klappa participates or is a
                  party as of the date of the Change in Control or the
                  elimination of Mr. Klappa's participation therein, (except for
                  across-the-board plan changes or terminations similarly
                  affecting at least ninety-five percent (95%) of the Executive
                  Employees of the Company). For purposes of this Paragraph
                  1.(o), a "pension plan or agreement" shall mean any written
                  arrangement executed by an authorized officer of the Company
                  which provides for payments upon retirement; and a
                  "compensation plan or arrangement" shall mean any written
                  arrangement executed by an authorized officer of the Company
                  which provides for periodic, non-discretionary compensatory
                  payments in the nature of bonuses.

                           (iv) Relocation. A change in Mr. Klappa's work
                  location to a location more than fifty (50) miles from the
                  office where Mr. Klappa is located at the time of the Change
                  in Control, unless such new work location is within fifty (50)
                  miles from Mr. Klappa's principal place of residence at the
                  time of the Change in Control. The acceptance, if any, by Mr.
                  Klappa of employment by the Company at a work location which
                  is outside the fifty mile radius set forth in this Paragraph
                  1.(o)(iv) shall not be a waiver of Mr. Klappa's right to
                  refuse subsequent transfer by the Company to a location which
                  is more than fifty (50) miles from Mr. Klappa's principal
                  place of residence at the time of the Change in Control, and
                  such subsequent unconsented transfer shall be "Good Reason"
                  under this Agreement; or

                           (v) Benefits and Perquisites. The taking of any
                  action by the Company which would directly or indirectly
                  materially reduce the benefits enjoyed by Mr. Klappa under the
                  Company's retirement, life insurance, medical, health and
                  accident, disability, deferred compensation or savings plans
                  in which Mr. Klappa was participating immediately prior to the
                  Change in Control; or the failure by the Company to provide
                  Mr. Klappa with the number of paid vacation days to which Mr.
                  Klappa is entitled on the basis of years of service with the
                  Company in accordance with the Company's normal vacation
                  policy in effect immediately prior to the Change in Control
                  (except for across-the-board plan or vacation policy changes
                  or plan terminations similarly affecting at least ninety-five
                  percent (95%) of the Executive Employees of the Company).

                           (vi) For purposes of this Paragraph 1.(o), the term
                  "Executive Employee" shall mean those employees of the Company
                  of Grade Level 10 or above.

                         (p) "Group" shall have the meaning set forth in Section
                    14(d) of the Exchange Act.

                         (q) "Group  Health  Plan"  shall mean the group  health
                    plan covering Mr.  Klappa,  as such plan may be amended from
                    time to time.

                         (r) "Group  Life  Insurance  Plan" shall mean the group
                    life insurance program covering Mr. Klappa, as such plan may
                    be amended from time to time.

                         (s) "Incumbent  Board" shall mean those individuals who
                    constitute  the  Southern  Board as of October 19, 1998 plus
                    any  individual  who shall become a director  subsequent  to
                    such date whose  election  or  nomination  for  election  by
                    Southern's  shareholders  was approved by a vote of at least
                    75% of the directors then  comprising  the Incumbent  Board.
                    Notwithstanding  the  foregoing,  no  individual  who  shall
                    become  a  director  of the  Southern  Board  subsequent  to
                    October 19, 1998 whose  initial  assumption of office occurs
                    as a result  of an  actual or  threatened  election  contest
                    (within  the  meaning  of  Rule  14a-11  of the  Regulations
                    promulgated  under the  Exchange  Act) with  respect  to the
                    election  or  removal  of   directors  or  other  actual  or
                    threatened  solicitation  of  proxies or  consents  by or on
                    behalf of a Person other than the Southern  Board shall be a
                    member of the Incumbent Board.

                         (t) "Month of Service"  shall mean any  calendar  month
                    during which Mr.  Klappa has worked at least one (1) hour or
                    was on approved  leave of absence while in the employ of the
                    Company or any affiliate or subsidiary of Southern.

                         (u)  "Pension  Plan"  shall mean The  Southern  Company
                    Pension Plan, as such plan may be amended from time to time.

                         (v) "Performance Dividend Plan" shall mean the Southern
                    Company   Performance   Dividend  Plan  or  any  replacement
                    thereto, as such plans may be amended from time to time.

                         (w)  "Performance  Stock Plan" shall mean the  Southern
                    Company  Performance Stock Plan or any replacement  thereto,
                    as such plans may be amended from time to time.

                         (x) "Person" shall mean any individual, entity or group
                    within the meaning of Section 13(d)(3) or 14(d)(2) of Act.

                         (y) "Performance Pay Plan" or "PPP Plan" shall mean the
                    Southern  Company  Performance  Pay Plan or any  replacement
                    thereto, as such plans may be amended from time to time.

                         (z)  "Southern"  shall mean The Southern  Company,  its
                    successors and assigns.

                         (aa) "Southern Board" shall mean the board of directors
                    of Southern.

                         (bb) "Southern  Subsidiary"  shall mean any corporation
                    or other entity Controlled by Southern.

                  (cc) "Termination for Cause" or "Cause" shall mean the
         termination of Mr. Klappa's employment by the Company upon the
         occurrence of any of the following:

                           (i) The willful and continued failure by Mr. Klappa
                  substantially to perform his duties with the Company (other
                  than any such failure resulting from Mr. Klappa's Total
                  Disability or from Mr. Klappa's retirement or any such actual
                  or anticipated failure resulting from termination by Mr.
                  Klappa for Good Reason) after a written demand for substantial
                  performance is delivered to him by the Southern Board, which
                  demand specifically identifies the manner in which the
                  Southern Board believes that he has not substantially
                  performed his duties; or

                           (ii) The willful engaging by Mr. Klappa in conduct
                  that is demonstrably and materially injurious to the Company,
                  monetarily or otherwise, including, but not limited to any of
                  the following:

                         (A) any willful act  involving  fraud or  dishonesty in
                    the course of Mr. Klappa's employment by the Company;

                         (B) the  willful  carrying  out of any  activity or the
                    making of any statement which would materially  prejudice or
                    impair the good name and standing of the  Company,  Southern
                    or any  Southern  Subsidiary  or would  bring  the  Company,
                    Southern or any Southern Subsidiary into contempt,  ridicule
                    or would  reasonably  shock or offend any community in which
                    the  Company,   Southern  or  such  Southern  Subsidiary  is
                    located;

                         (C)  attendance at work in a state of  intoxication  or
                    otherwise  being found in possession at his workplace of any
                    prohibited  drug or  substance,  possession  of which  would
                    amount to a criminal offense;

                         (D)  violation  of the  Company's  policies on drug and
                    alcohol  usage,  fitness  for duty  requirements  or similar
                    policies  as may exist  from time to time as  adopted by the
                    Company's safety officer;

                         (E) assault or other act of violence against any person
                    during the course of employment; or

                         (F)  indictment  of  any  felony  or  any   misdemeanor
                    involving moral  turpitude.  No act or failure to act by Mr.
                    Klappa shall be deemed  "willful" unless done, or omitted to
                    be  done,  by Mr.  Klappa  not in  good  faith  and  without
                    reasonable  belief  that his action or  omission  was in the
                    best interest of the Company.

                  Notwithstanding the foregoing, Mr. Klappa shall not be deemed
         to have been terminated for Cause unless and until there shall have
         been delivered to him a copy of a resolution duly adopted by the
         affirmative vote of not less than three quarters of the entire
         membership of the Southern Board at a meeting of the Southern Board
         called and held for such purpose (after reasonable notice to Mr. Klappa
         and an opportunity for him, together with counsel, to be heard before
         the Southern Board), finding that, in the good faith opinion of the
         Southern Board, Mr. Klappa was guilty of conduct set forth above in
         clause (i) or (ii) of this Paragraph 1.(cc) and specifying the
         particulars thereof in detail.

                  (dd) "Termination Date" shall mean the date on which Mr.
         Klappa's employment with the Company is terminated; provided, however,
         that solely for purposes of Paragraph 2.(c) hereof, the Termination
         Date shall be the effective date of his retirement pursuant to the
         terms of the Pension Plan.

                  (ee)     "Total  Disability"  shall mean Mr. Klappa's total
         disability  within the meaning of the Pension Plan.

                  (ff) "Voting Securities" shall mean the outstanding voting
         securities of a corporation entitling the holder thereof to vote
         generally in the election of such corporation's directors.

                  (gg)     "Waiver and Release" shall mean the Waiver and
         Release attached hereto as Exhibit A

                  (hh) "Year of Service" shall mean Mr. Klappa's Months of
         Service divided by twelve (12) rounded to the nearest whole year,
         rounding up if the remaining number of months is seven (7) or greater
         and rounding down if the remaining number of months is less than seven
         (7). If Mr. Klappa has a break in his service with the Company, he will
         receive credit under this Agreement for service prior to the break in
         service only if the break in service is less than five years.

         2.       Severance Benefits.
                  ------------------

                  (a) Eligibility. Except as otherwise provided in this
         Paragraph 2.(a), if Mr. Klappa's employment is involuntarily terminated
         by the Company at any time during the two year period following a
         Change in Control for reasons other than Cause, or if Mr. Klappa
         voluntarily terminates his employment with the Company for Good Reason
         at any time during the two year period following a Change in Control,
         Mr. Klappa shall be entitled to receive the benefits described in this
         Agreement upon the Company's receipt of an effective Waiver and
         Release. Notwithstanding anything to the contrary herein, Mr. Klappa
         shall not be eligible to receive benefits under this Agreement if Mr.
         Klappa:

                         (i)  voluntarily  terminates  his  employment  with the
                    Company for other than Good Reason;

                         (ii) has his  employment  terminated by the Company for
                    Cause;

                           (iii) accepts the transfer of his employment to
                  Southern, any Southern Subsidiary or any employer that
                  succeeds to all or substantially all of the assets of the
                  Company, Southern or any Southern Subsidiary;

                           (iv) refuses an offer of continued employment with
                  the Company, any Southern Subsidiary, or any employer that
                  succeeds to all or substantially all of the assets of the
                  Company, Southern, or any Southern Subsidiary under
                  circumstances where such refusal would not amount to Good
                  Reason for voluntary termination of employment; or

                           (v) elects to receive the benefits of any other
                  voluntary or involuntary severance or separation program, plan
                  or agreement maintained by the Company in lieu of benefits
                  under this Agreement; provided however, that the receipt of
                  benefits under the terms of any retention plan or agreement
                  shall not be deemed to be the receipt of severance or
                  separation benefits for purposes of this Agreement.

                  (b) Severance Benefits. If Mr. Klappa meets the eligibility
         requirements of Paragraph 2.(a) hereof, he shall be entitled to a cash
         severance benefit in an amount equal to three times his Annual
         Compensation (the "Severance Amount"). If any portion of the Severance
         Amount constitutes an "excess parachute payment" (as such term is
         defined under Code Section 280G ("Excess Parachute Payment")), the
         Company shall pay to Mr. Klappa an additional amount calculated by
         determining the amount of tax under Code Section 4999 that he otherwise
         would have paid on any Excess Parachute Payment with respect to the
         Change in Control and dividing such amount by a decimal determined by
         adding the tax rate under Code Section 4999 ("Excise Tax"), the
         hospital insurance tax under Code Section 3101(b) ("HI Tax") and
         federal and state income tax measured at the highest marginal rates
         ("Income Tax") and subtracting such result from the number one (1) (the
         "280G Gross-up"); provided, however, that no 280G Gross-up shall be
         paid unless the Severance Amount plus all other "parachute payments" to
         Mr. Klappa under Code Section 280G exceeds three (3) times Mr. Klappa's
         "base amount" (as such term is defined under Code Section 280G ("Base
         Amount")) by ten percent (10%) or more; provided further, that if no
         280G Gross-up is paid, the Severance Amount shall be capped at three
         (3) times Mr. Klappa's Base Amount, less all other "parachute payments"
         (as such term is defined under Code Section 280G) received by Mr.
         Klappa, less one dollar (the "Capped Amount"), if the Capped Amount,
         reduced by HI Tax and Income Tax, exceeds what otherwise would have
         been the Severance Amount, reduced by HI Tax, Income Tax and Excise
         Tax.

                  For purposes of this Paragraph 2.(b), whether any amount would
         constitute an Excess Parachute Payment and any other calculations of
         tax, e.g., Excise Tax, HI Tax, Income Tax, etc., or other amounts,
         e.g., Base Amount, Capped Amount, etc., shall be determined by the tax
         department of the independent public accounting firm then responsible
         for preparing Southern's consolidated federal income tax return, and
         such calculations or determinations shall be binding upon the parties
         hereto.

                         (c)  Welfare   Benefits.   If  Mr.   Klappa  meets  the
                    eligibility  requirements  of Paragraph  2.(a) hereof and is
                    not otherwise  eligible to receive  retiree medical and life
                    insurance  benefits provided to certain retirees pursuant to
                    the terms of the Pension Plan, the Group Health Plan and the
                    Group  Life  Insurance  Plan,  he shall be  entitled  to the
                    benefits set forth in this Paragraph 2.(c).

                           (i) Mr. Klappa shall be eligible to participate in
                  the Company's Group Health Plan, upon payment of both the
                  Company's and his monthly premium under such plan, for a
                  period of six (6) months for each of Mr. Klappa's Years of
                  Service, not to exceed five (5) years. If Mr. Klappa elects to
                  receive this extended medical coverage, he shall also be
                  entitled to elect coverage under the Group Health Plan for his
                  dependents who were participating in the Group Health Plan on
                  Mr. Klappa's Termination Date (and for such other dependents
                  as may be entitled to coverage under the provisions of the
                  Health Insurance Portability and Accountability Act of 1996)
                  for the duration of Mr. Klappa's extended medical coverage
                  under this Paragraph 2.(c)(i) to the extent such dependents
                  remain eligible for dependent coverage under the terms of the
                  Group Health Plan.

                         (A)  The  extended  medical  coverage  afforded  to Mr.
                    Klappa  pursuant  to  Paragraph  2.(c)(i),  as  well  as the
                    premiums to be paid by Mr.  Klappa in  connection  with such
                    coverage shall be determined in accordance with the terms of
                    the Group Health Plan and shall be subject to any changes in
                    the terms and conditions of the Group Health Plan as well as
                    any future  increases  in  premiums  under the Group  Health
                    Plan.  The premiums to be paid by Mr.  Klappa in  connection
                    with this extended coverage shall be due on the first day of
                    each month;  provided,  however, that if he fails to pay his
                    premium  within  thirty  (30)  days  of its due  date,  such
                    extended coverage shall be terminated.

                         (B) Any  Group  Health  Plan  coverage  provided  under
                    Paragraph 2.(c)(i) shall be a part of and not in addition to
                    any COBRA  Coverage  which Mr. Klappa or his  dependents may
                    elect. In the event that Mr. Klappa or his dependents become
                    eligible  to be  covered,  by  virtue  of  re-employment  or
                    otherwise, by any employer-sponsored group health plan or is
                    eligible for coverage under any government-sponsored  health
                    plan during the above period,  coverage  under the Company's
                    Group Health Plan  available to Mr. Klappa or his dependents
                    by virtue of the  provisions  of  Paragraph  2.(c)(i)  shall
                    terminate,  except as may  otherwise be required by law, and
                    shall not be renewed.  (ii) Mr.  Klappa shall be entitled to
                    receive  cash in an amount  equal to the  Company's  and Mr.
                    Klappa's  cost of  premiums  for three (3) years of coverage
                    under the Group Health Plan and Group Life Insurance Plan in
                    accordance  with the  terms of such  plans as of the date of
                    the Change in Control.

     (d) Incentive  Plans. If Mr. Klappa meets the  eligibility  requirements of
Paragraph 2.(a) hereof he shall be entitled to the following  benefits under the
Company's incentive plans:

                           (i)      Stock Option Plan.
                                    -----------------

                                    (A) Any of Mr. Klappa's Options and Stock
                           Appreciation Rights under the Performance Stock Plan
                           (the defined terms of which are incorporated in this
                           Paragraph 2.(d)(i) by reference) which are
                           outstanding as of the Termination Date and which are
                           not then exercisable and vested, shall become fully
                           exercisable and vested to the full extent of the
                           original grant; provided, that in the case of a Stock
                           Appreciation Right, if Mr. Klappa is subject to
                           Section 16(b) of the Exchange Act, such Stock
                           Appreciation Right shall not become fully vested and
                           exercisable at such time if such actions would result
                           in liability to Mr. Klappa under Section 16(b) of the
                           Exchange Act, provided further, that any such actions
                           not taken as a result of the rules under Section
                           16(b) of the Exchange Act shall be effected as of the
                           first date that such activity would no longer result
                           in liability under Section 16(b) of the Exchange Act.

                                    (B) The restrictions and deferral
                           limitations applicable to any of Mr. Klappa's
                           Restricted Stock as of the Termination Date shall
                           lapse, and such Restricted Stock shall become free of
                           all restrictions and limitations and become fully
                           vested and transferable to the full extent of the
                           original grant.

                                    (C) The restrictions and deferral
                           limitations and other conditions applicable to any
                           other Awards held by Mr. Klappa under the Stock
                           Performance Plan as of the Termination Date shall
                           lapse, and such other Awards shall become free of all
                           restrictions, limitations or conditions and become
                           fully vested and transferable to the full extent of
                           the original grant.

                           (ii) Performance Pay Plan. Provided Mr. Klappa is not
                  entitled to benefits under Article V of the PPP Plan, (the
                  defined terms of which are incorporated in this Paragraph
                  2.(d)(ii) by reference), if the PPP Plan is in place through
                  Mr. Klappa's Termination Date and to the extent Mr. Klappa is
                  entitled to participate therein, Mr. Klappa shall be entitled
                  to receive cash in an amount equal to a prorated payout of his
                  Incentive Pay Awards under the PPP Plan for the Performance
                  Period in which the Termination Date shall have occurred, at
                  target performance under the PPP Plan and prorated by the
                  number of months which have passed since the beginning of the
                  Performance Period until the Termination Date.

                           (iii) Performance Dividend Plan. Provided Mr. Klappa
                  is not entitled to benefits under the Performance Dividend
                  Plan (the defined terms of which are incorporated in this
                  Paragraph 2.(d)(iii) by reference), if the Performance
                  Dividend Plan is in place through Mr. Klappa's Termination
                  Date and to the extent Mr. Klappa is entitled to participate
                  therein, Mr. Klappa shall be entitled to receive cash for each
                  Award held by Mr. Klappa on his Termination Date, based on
                  actual performance under Section 4.1 of the Performance
                  Dividend Plan determined as of the most recently completed
                  calendar quarter of the Performance Period in which the
                  Termination Date shall have occurred, and the Annual Dividend
                  declared prior to the Termination Date.

                           (iv) Other Short Term Incentive Plans. The provisions
                  of this Paragraph 2.(d)(iv) shall apply if and to the extent
                  that Mr. Klappa is a participant in any other "short term
                  compensation plan" not otherwise previously referred to in
                  this Paragraph 2.(d). Provided Mr. Klappa is not otherwise
                  entitled to a plan payout under any change of control
                  provisions of such plans, if the "short term compensation
                  plan" is in place as of the Termination Date and to the extent
                  Mr. Klappa is entitled to participate therein, Mr. Klappa
                  shall receive cash in an amount equal to his award under the
                  Company's "short term incentive plan" for the annual
                  performance period in which the Termination Date shall have
                  occurred, at Mr. Klappa's target performance level and
                  prorated by the number of months which have passed since the
                  beginning of the annual performance period until his
                  Termination Date. For purposes of this Paragraph 2.(d)(iv) the
                  term "short term incentive compensation plan" shall mean any
                  incentive compensation plan or arrangement adopted in writing
                  by the Company which provides for annual, recurring
                  compensatory bonuses based upon articulated performance
                  criteria.

                           (v) DIC Plan. Provided Mr. Klappa is not entitled to
                  benefits under Article V of the DIC Plan (the defined terms of
                  which are incorporated into this Paragraph 2(d)(v) by
                  reference), if the DIC Plan is in place through Mr. Klappa's
                  Termination Date and to the extent that Mr. Klappa is entitled
                  to participate therein, any of Mr. Klappa's Awards as of the
                  Termination Date which are not then vested shall become fully
                  vested and Mr. Klappa shall be entitled to receive cash in the
                  amount equal to Mr. Klappa's Account as of his Termination
                  Date. Notwithstanding anything in the DIC Plan to the
                  contrary, the investment return on the Awards determined in
                  accordance with Section 3.1 of the DIC Plan for any Plan Year
                  following a Change in Control shall be no less than the
                  investment return on the Awards determined in accordance with
                  Section 3.1 of the DIC Plan as of the date of such Change in
                  Control with respect to those Accounts which are outstanding
                  as of the date of such Change in Control.

                  (e) Payment of Benefits. Any amounts due under this Agreement
         shall be paid in one (1) lump sum payment as soon as administratively
         practicable following the later of: (i) Mr. Klappa's Termination Date,
         or (ii) upon Mr. Klappa's tender of an effective Waiver and Release to
         the Company in the form of Exhibit A attached hereto and the expiration
         of any applicable revocation period for such waiver. In the event of a
         dispute with respect to liability or amount of any benefit due
         hereunder, an effective Waiver and Release shall be tendered at the
         time of final resolution of any such dispute when payment is tendered
         by the Company.

                  (f) Benefits in the Event of Death. In the event of Mr.
         Klappa's death prior to the payment of all amounts due under this
         Agreement, Mr. Klappa's estate shall be entitled to receive as due any
         amounts not yet paid under this Agreement upon the tender by the
         executor or administrator of the estate of an effective Waiver and
         Release.

                  (g) Legal Fees. In the event of a dispute between Mr. Klappa
         and the Company with regard to any amounts due hereunder, if any
         material issue in such dispute is finally resolved in Mr. Klappa's
         favor, the Company shall reimburse Mr. Klappa's legal fees incurred
         with respect to all issues in such dispute in an amount not to exceed
         fifty thousand dollars ($50,000).

                    (h)  Employee  Outplacement  Services.  Mr.  Klappa shall be
               eligible to  participate  in the Employee  Outplacement  Program,
               which  program  shall  not be less than six (6)  months  duration
               measured from Mr. Klappa's Termination Date.

                  (i)      Non-qualified  Ret

                    Retirement  and  Deferred  Compensation  Plans.  The Parties
               agree that  subsequent to a Change in Control,  any claims by Mr.
               Klappa  for  benefits  under any of the  Company's  non-qualified
               retirement  or  deferred  compensation  plans  shall be  resolved
               through binding arbitration in accordance with the provisions and
               procedures  set forth in  Paragraph 5 hereof and if any  material
               issue in such dispute is finally  resolved in Mr. Klappa's favor,
               the Company shall reimburse Mr. Klappa's legal fees in the manner
               provided in Paragraph 2.(g) hereof.

         3. Transfer of Employment. In the event that Mr. Klappa's employment by
the Company is terminated during the two year period following a Change in
Control and Mr. Klappa accepts employment by Southern, a Southern Subsidiary, or
any employer that succeeds to all or substantially all of the assets of the
Company, Southern or any Southern Subsidiary, the Company shall assign this
Agreement to Southern, such Southern Subsidiary, or successor employer, Southern
shall accept such assignment or cause such Southern Subsidiary or successor
employer to accept such assignment, and such assignee shall become the "Company"
for all purposes hereunder.

                    4. No  Mitigation.  If Mr.  Klappa is otherwise  eligible to
               receive  benefits under  Paragraph 2 of his  Agreement,  he shall
               have no duty or obligation to seek other employment following his
               Termination  Date and, except as otherwise  provided in Paragraph
               2.(a)(iii) hereof, the amounts due Mr. Klappa hereunder shall not
               be reduced or suspended  if Mr.  Klappa  accepts such  subsequent
               employment.

         5.       Arbitration.
                  -----------

                  (a) Any dispute, controversy or claim arising out of or
         relating to the Company's obligations to pay severance benefits under
         this Agreement, or the breach thereof, shall be settled and resolved
         solely by arbitration in accordance with the Commercial Arbitration
         Rules of the American Arbitration Association ("AAA") except as
         otherwise provided herein. The arbitration shall be the sole and
         exclusive forum for resolution of any such claim for severance benefits
         and the arbitrators' award shall be final and binding. The provisions
         of this Paragraph 5 are not intended to apply to any other disputes,
         claims or controversies arising out of or relating to Mr. Klappa's
         employment by the Company or the termination thereof.

                    (b)  Arbitration  shall be  initiated  by  serving a written
               notice of demand for  arbitration to Mr.  Klappa,  in the case of
               the Company, or to the Southern Board, in the case of Mr. Klappa.

                  (c) The arbitration shall be held in Atlanta, Georgia. The
         arbitrators shall apply the law of the State of Georgia, to the extent
         not preempted by federal law, excluding any law which would require the
         application of the law of another state.

                  (d) The parties shall appoint arbitrators within fifteen (15)
         business days following service of the demand for arbitration. The
         number of arbitrators shall be three. One arbitrator shall be appointed
         by Mr. Klappa, one arbitrator shall be appointed by the Company, and
         the two arbitrators shall appoint a third. If the arbitrators cannot
         agree on a third arbitrator within thirty (30) business days after the
         service of demand for arbitration, the third arbitrator shall be
         selected by the AAA.

                  (e) The arbitration filing fee shall be paid by Mr. Klappa.
         All other costs of arbitration shall be borne equally by Mr. Klappa and
         the Company, provided, however, that the Company shall reimburse such
         fees and costs in the event any material issue in such dispute is
         finally resolved in Mr. Klappa's favor and Mr. Klappa is reimbursed
         legal fees under Paragraph 2.(g) hereof.

                  (f) The parties agree that they will faithfully observe the
         rules that govern any arbitration between them, they will abide by and
         perform any award rendered by the arbitrators in any such arbitration,
         including any award of injunctive relief, and a judgment of a court
         having jurisdiction may be entered upon an award.

                  (g) The parties agree that nothing in this Paragraph 5 is
         intended to preclude upon application of either party any court having
         jurisdiction from issuing and enforcing in any lawful manner such
         temporary restraining orders, preliminary injunctions, and other
         interim measures of relief as may be necessary to prevent harm to a
         party's interests or as otherwise may be appropriate pending the
         conclusion of arbitration proceedings pursuant to this Agreement;
         regardless of whether an arbitration proceeding under this Paragraph 5
         has begun. The parties further agree that nothing herein shall prevent
         any court from entering and enforcing in any lawful manner such
         judgments for permanent equitable relief as may be necessary to prevent
         harm to a party's interests or as otherwise may be appropriate
         following the issuance of arbitral awards pursuant to this Paragraph 5.

         6.       Miscellaneous.
                  -------------

                  (a) Funding of Benefits. Unless the Board in its discretion
         shall determine otherwise, the benefits payable to Mr. Klappa under
         this Agreement shall not be funded in any manner and shall be paid by
         the Company out of its general assets, which assets are subject to the
         claims of the Company's creditors.

                    (b) Withholding. There shall be deducted from the payment of
               any  benefit  due  under  this  Agreement  the  amount of any tax
               required by any  governmental  authority  to be withheld and paid
               over  by the  Company  to  such  governmental  authority  for the
               account of Mr. Klappa.

                    (c)  Assignment.  Mr.  Klappa  shall have no rights to sell,
               assign,  transfer,  encumber,  or  otherwise  convey the right to
               receive the payment of any benefit due  hereunder,  which payment
               and the rights thereto are expressly declared to be nonassignable
               and nontransferable.  Any attempt to do so shall be null and void
               and of no effect.

                    (d) Amendment and Termination.  The Agreement may be amended
               or terminated only by a writing executed by the parties.

                  (e) Construction. This Agreement shall be construed in
         accordance with and governed by the laws of the State of Georgia, to
         the extent not preempted by federal law, disregarding any provision of
         law which would require the application of the law of another state.

                  (f) Pooling Accounting. Notwithstanding anything to the
         contrary herein, if, but for any provision of this Agreement, a Change
         in Control transaction would otherwise be accounted for as a
         pooling-of-interests under APB No.16 ("Pooling Accounting") (after
         giving effect to any and all other facts and circumstances affecting
         whether such Change in Control transaction would use Pooling
         Accounting), such provision or provisions of this Agreement which would
         otherwise cause the Change in Control transaction to be ineligible for
         Pooling Accounting shall be void and ineffective in such a manner and
         to the extent that by eliminating such provision or provisions of this
         Agreement, Pooling Accounting would be required for such Change in
         Control transaction.

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement
this ____ day of  __________________, 2000.

                      THE SOUTHERN COMPANY

                      By:      ____________________________________

                               SOUTHERN COMPANY SERVICES, INC.

                      By:      ____________________________________

                               MR. KLAPPA

                               -----------------------------
                                 Gale E. Klappa

<PAGE>

                                    Exhibit A

                           CHANGE IN CONTROL AGREEMENT

                               Waiver and Release

         The attached Waiver and Release is to be given to Mr. Gale E. Klappa
upon the occurrence of an event that triggers eligibility for severance benefits
under the Change in Control Agreement, as described in Paragraph 2(a) of such
agreement.

<PAGE>

                           CHANGE IN CONTROL AGREEMENT

                               Waiver and Release

         I, Gale E. Klappa, understand that I am entitled to receive the
severance benefits described in Section 2 of the Change in Control Agreement
(the "Agreement") if I execute this Waiver and Release ("Waiver"). I understand
that the benefits I will receive under the Agreement are in excess of those I
would have received from The Southern Company and Southern Company Services,
Inc. (collectively, the "Company") if I had not elected to sign this Waiver.

         I recognize that I may have a claim against the Company under the Civil
Rights Act of 1964 and 1991, the Age Discrimination in Employment Act, the
Rehabilitation Act of 1973, the Energy Reorganization Act of 1974, as amended,
the Americans with Disabilities Act or other federal, state and local laws.

         In exchange for the benefits I elect to receive, I hereby irrevocably
waive and release all claims, of any kind whatsoever, whether known or unknown
in connection with any claim which I ever had, may have, or now have against The
Southern Company, Alabama Power Company, Georgia Power Company, Gulf Power
Company, Mississippi Power Company, Savannah Electric and Power Company,
Southern Communication Services, Inc., Southern Company Services, Inc., Southern
Energy Resources, Inc., Southern Company Energy Solutions, Inc., Southern
Nuclear Operating Company, Inc., Southern Energy, Inc. and other direct or
indirect subsidiaries of The Southern Company and their past, present and future
officers, directors, employees, agents and attorneys. Nothing in this Waiver
shall be construed to release claims or causes of action under the Age
Discrimination in Employment Act or the Energy Reorganization Act of 1974, as
amended, which arise out of events occurring after the execution date of this
Waiver.

         In further exchange for the benefits I elect to receive, I understand
and agree that I will respect the proprietary and confidential nature of any
information I have obtained in the course of my service with the Company or any
subsidiary or affiliate of The Southern Company. However, nothing in this Waiver
shall prohibit me from engaging in protected activities under applicable law or
from communicating, either voluntary or otherwise, with any governmental agency
concerning any potential violation of the law.

         In signing this Waiver, I am not releasing claims to benefits that I am
already entitled to under any workers' compensation laws or under any retirement
plan or welfare benefit plan within the meaning of the Employee Retirement
Income Security Act of 1974, as amended, which is sponsored by or adopted by the
Company and/or any of its direct or indirect subsidiaries; however, I understand
and acknowledge that nothing herein is intended to or shall be construed to
require the Company to institute or continue in effect any particular plan or
benefit sponsored by the Company and the Company hereby reserves the right to
amend or terminate any of its benefit programs at any time in accordance with
the procedures set forth in such plans.

         In signing this Waiver, I realize that I am waiving and releasing,
among other things, any claims to benefits under any and all bonus, severance,
workforce reduction, early retirement, outplacement, or any other similar type
plan sponsored by the Company.

         I have been encouraged and advised in writing to seek advice from
anyone of my choosing regarding this Waiver, including my attorney, and my
accountant or tax advisor. Prior to signing this Waiver, I have been given the
opportunity and sufficient time to seek such advice, and I fully understand the
meaning and contents of this Waiver.

         I understand that I may take up to twenty-one (21) calendar days to
consider whether or not I desire to enter this Waiver. I was not coerced,
threatened or otherwise forced to sign this Waiver. I have made my choice to
sign this Waiver voluntarily and of my own free will.

         I understand that I may revoke this Waiver at any time during the seven
(7) calendar day period after I sign and deliver this Waiver to the Company. If
I revoke this Waiver, I must do so in writing delivered to the Company. I
understand that this Waiver is not effective until the expiration of this seven
(7) calendar day revocation period. I understand that upon the expiration of
such seven (7) calendar day revocation period this entire Waiver will be binding
upon me and will be irrevocable.

         I understand that by signing this Waiver I am giving up rights I may
have.

         IN WITNESS  WHEREOF,  the undersigned  hereby executes this Waiver
this ____ day of  ____________________, in the year _____.

                                                              Gale E. Klappa

Sworn to and subscribed to me this
____ day of ____________, _____.

Notary Public

My Commission Expires:

(Notary Seal)

         Acknowledged and Accepted by the Company, as defined in the Waiver.

By:
         -----------------------------------
Date:
         -----------------------------------Exhibit 10.41

                                SOUTHERN COMPANY
                      DEFERRED COMPENSATION TRUST AGREEMENT

                              Troutman Sanders LLP
                           600 Peachtree Street, N.E.
                        Suite 5200 Bank of America Plaza
                           Atlanta, Georgia 30308-2216
                                 (404) 885-3000

                 Amended and Restated Effective January 1, 2001

<PAGE>

<TABLE>
<CAPTION>

                                SOUTHERN COMPANY
                      DEFERRED COMPENSATION TRUST AGREEMENT

                                TABLE OF CONTENTS

<S>  <C>                                                                                                         <C>
1.    Purpose.....................................................................................................1
2.    Trust Corpus................................................................................................1
3.    Grantor Trust...............................................................................................2
4.    Irrevocability of Trust.....................................................................................2
5.    Change in Control and Preliminary Change in Control.........................................................3
6.    Investment of Trust Assets..................................................................................4
7.    Distribution of Trust Assets................................................................................6
8.    Termination of the Trust and Reversion of Trust Assets.....................................................10
9.    Powers of the Trustee......................................................................................11
10.   Termination of Trustee.....................................................................................14
11.   Resignation of Trustee and Appointment of Successor Trustee................................................15
12.   Trustee Compensation.......................................................................................16
13.   Trustee's Consent to Act and Indemnification of the Trustee................................................16
14.   Prohibition Against Assignment.............................................................................16
15.   Annual Accounting..........................................................................................16
16.   Notices....................................................................................................17
17.   Miscellaneous Provisions...................................................................................17

</TABLE>

<PAGE>

                                SOUTHERN COMPANY
                      DEFERRED COMPENSATION TRUST AGREEMENT

         This amended and restated Trust Agreement entered into this _____ day
of ___________, 2001 is between the Grantors as set forth on the signature page
of this Trust Agreement and Wachovia Bank, N.A. (the "Trustee"). This Trust
Agreement is effective January 1, 2001 ("Effective Date") and supersedes all
previous Trust Agreements.

         1. Purpose. The purpose of this trust (the "Trust") is to provide a
vehicle to (a) hold assets of the Grantors as a reserve for the discharge of
certain of the Grantors' obligations (i) upon the occurrence of a change in
control, and (ii) in accordance with paragraph 7(b), to provide added
protections for certain individuals who are actively employed by a Grantor on or
after January 1, 1999 entitled to receive benefits under designated plans and
arrangements and (b) invest, reinvest, disburse and distribute those assets and
the earnings thereon as provided hereunder. Individuals eligible for benefits in
accordance with the preceding sentence shall hereinafter be referred to as
"Beneficiaries" under the Trust. Subject to approval by the Administrative
Committee (the "Committee"), Grantors shall designate in writing to the Trustee
in Exhibit A attached hereto and made a part hereof those plans or arrangements
subject to all or certain provisions of the Trust (the "Plans"). Exhibit A shall
also specify which provisions of the Trust apply to the various Plans.

         2. Trust Corpus. The Grantors hereby transfer to the Trustee and the
Trustee hereby accepts and agrees to hold, in trust, the sum of Ten Dollars
($10.00) plus such cash and/or property, if any, transferred to the Trustee by
the Grantors or on behalf of the Grantors pursuant to obligations incurred under
any or all of the Plans and the earnings thereon, and such cash and/or property,
together with the earnings thereon and together with any other cash or property
received by the Trustee pursuant to Section 9(a) of this Trust Agreement, shall
constitute the trust estate and shall be held, managed and distributed as
hereinafter provided. The Grantors shall execute any and all instruments
necessary to vest the Trustee with full title to the property hereby
transferred.

         3. Grantor Trust. The Trust is intended to be a trust of which the
Grantors are treated as individual owners for federal income tax purposes in
accordance with the provisions of Sections 671 through 679 of the Internal
Revenue Code of 1986, as amended (the "Code"). If the Trustee, in its sole and
absolute discretion, deems it necessary or advisable for the Grantors and/or the
Trustee to undertake or refrain from undertaking any actions (including, but not
limited to, making or refraining from making any elections or filings) in order
to ensure that the Grantors are at all times treated as individual owners of the
Trust for federal income tax purposes, the Grantors and/or the Trustee will
undertake or refrain from undertaking (as the case may be) such actions. The
Grantors hereby irrevocably authorize the Trustee to be their attorney-in-fact
for the purpose of performing any act which the Trustee, in its sole and
absolute discretion, deems necessary or advisable in order to accomplish the
purposes and the intent of this Section 3. The Trustee shall be fully protected
in acting or refraining from acting in accordance with the provisions of this
Section 3.

         4. Irrevocability of Trust. Prior to the occurrence of a "Preliminary
Change in Control" (hereinafter referred to as a "Preliminary CIC"), the Trust
shall be revocable and may be altered or amended in any substantive respect, or
revoked or terminated by the Grantors in whole or in part provided that no such
amendment may increase the duties of the Trustee without its consent. In the
event of a Preliminary CIC, the Trust may not be altered or amended in any
substantive respect, or revoked or terminated by the Grantor or Grantors
incurring a Preliminary CIC unless a majority of the Beneficiaries, determined
as of the day before such Preliminary CIC, agree in writing to such an
alteration, amendment, revocation or termination provided that no such amendment
may increase the duties of the Trustee without its consent. If after a
Preliminary CIC occurs but fails to become a Change in Control, thereafter the
Trust shall again be revocable and may be altered or amended in any substantive
respect, or revoked or terminated by the Grantors in whole or in part provided
that no such amendment may increase the duties of the Trustee without its
consent. Notwithstanding the preceding, the Trust may be amended following a
Preliminary CIC or a Change in Control without approval of the Beneficiaries to
protect the tax status or ERISA status of this Trust. For purposes of this
Trust, Preliminary CIC and other capitalized terms if not defined in the Trust
shall have the same meaning as set forth in the Southern Company Change in
Control Program Policy as may be amended from time to time.

         5. Contributions to Trust. The Grantors have obligated themselves under
the terms of the Plans, which are hereby incorporated by reference, to make
certain contributions to the Trust upon the occurrence of a Preliminary CIC.
Upon such a Preliminary CIC, the Grantors affected thereby shall account for
each Beneficiary's benefit funded by contributions to the Trust in a manner
determined by the Committee. The Grantors have also obligated themselves to make
certain contributions to the Trust in a manner determined by the Committee to
provide for the protections set forth in Section 7(b) hereof. A return of such
contributions and earnings thereon may only occur under the following
circumstances: (a) if, on the second anniversary of a Preliminary CIC or any
time thereafter, the Southern Committee determines that a Change in Control has
not been Consummated, the Trustee upon its agreement with this determination
shall, upon the request of the Grantor or Grantors incurring a Preliminary CIC,
return to such Grantor or Grantors property contributed to the Trust on account
of the occurrence of a Preliminary CIC; (b) if, at any time, following a
Preliminary CIC, the Southern Committee provides evidence satisfactory to the
Trustee that the Preliminary CIC will not become a Change in Control; or (c) if
the Trustee determines in its sole and absolute discretion that a Southern
Change in Control has occurred, and, on the second anniversary of the date of
Consummation of such Change in Control 75% of the members of the Incumbent Board
on such anniversary date shall continue to serve as determined by the Southern
Committee, the Trustee upon its agreement with this determination shall return
to the Grantor or Grantors incurring a Change in Control, upon such Grantor's
request, any such property received and earnings thereon as a result of such
Change in Control; or (d) prior to Change of Control, with respect to amounts
contributed to fund benefits paid in accordance with Section 7(b) hereof, if the
Trust assets equal or exceed 200% of the targeted funding level as established
by the Committee prior to a Change in Control, assets shall be returned by the
Trustee to the Grantor or Grantors designated by the Committee to reduce total
assets to 150% of the targeted funding level.

         6.       Investment of Trust Assets.
                  --------------------------
         (a) Subject to the provisions of paragraph (b) below, until the Trustee
has distributed all of the assets of the Trust in accordance with the terms
hereof, the Trustee shall invest and reinvest such assets (without regard to any
state law limiting the investment powers of fiduciaries) in such securities and
other property as the Trustee deems advisable, considering the probable income
(including capital appreciation potential) from any such investment, the
probable safety of the assets of the Trust and, where appropriate, the rate of
return at which the assets would have been invested on behalf of each
Beneficiary under any applicable qualified defined benefit pension plan
maintained by the Grantors. Within the limitations of the foregoing, the Trustee
is specifically authorized to acquire, for cash or on credit, every kind of
property, real, personal or mixed, and to make every kind of investment,
specifically including, but not limited to, corporate and governmental
obligations of every kind, preferred or common stocks, securities of any
regulated investment company or trust, and property in which the Trustee owns an
undivided interest in any other trust capacity. The Trustee is expressly
authorized and empowered to hold or purchase such insurance in its own name (and
with itself as the beneficiary) as it shall determine to be necessary or
advisable to advance best the purposes of the Trust and the interests of the
Beneficiaries.

         (b) The Trustee shall invest and reinvest the assets of the Trust in
accordance with such investment objectives, guidelines, restrictions or
directions as the Committee or its delegee may furnish to the Trustee at the
time of the execution of the Trust or at any later date; provided, however, that
if there is a Preliminary CIC, the Trust's investment objectives, guidelines,
restrictions or directions may not be changed thereafter unless there is a
return of Grantor contributions pursuant to Section 5(a), (b) or (c). Upon a
Change of Control, the Trustee shall promptly contact all Beneficiaries at their
last known addresses provided by the Grantors and put such Beneficiaries on
notice of the funding of the Trust and the Trustee's obligations hereunder. The
Committee shall promptly provide the Trustee with such information as it needs
to carry out this duty.

         7.       Distribution of Trust Assets.
                  ----------------------------

         (a) The Grantors may make payment of benefits directly to Beneficiaries
as they become due under the terms of the Plan(s). Upon a Change in Control, the
Grantors shall notify the Trustee of its decision to make payment of benefits
directly prior to the time amounts are payable to Beneficiaries. In addition, if
the principal of the Trust, and any earnings thereon, are not sufficient to make
payments of benefits in accordance with the terms of the Plan(s), the Grantors
shall make the balance of each such payment as it falls due in accordance with
the Plan(s). The Trustee shall notify the Grantors where principal and earnings
are not sufficient. Nothing in this Agreement shall relieve the Grantors of
their liabilities to pay benefits due under the Plan(s) except to the extent
such liabilities are met by application of assets of the Trust.

         (b) At such time as a Beneficiary is entitled to payments under any of
the Plans prior to a Change in Control, if the Grantors fail to make payment of
all or a portion of the benefits to a Beneficiary under any Plan in accordance
with paragraph (a) above, such Beneficiary can make application for payment in
accordance with the provisions of paragraph (d)(i) below. If so requested, the
Trustee shall make an independent determination in its sole and absolute
discretion regarding the Beneficiary's right to payment under the Plan(s) within
60 days thereof. Such determination shall be made with advice from outside
counsel independent of Southern and the Trustee. The Grantors agree to be bound
by Trustee's determination and to make payment of benefits as they fall due
commencing not later than 30 days following Trustee's determination regarding
entitlement to benefits absent a manifest abuse of discretion by the Trustee. If
Trustee determines benefits are payable to Beneficiary and Grantor fails to
commence payment within 30 days following the Trustee's determination, Trustee
shall make payment of such benefits and instruct Beneficiary in writing that he
or she must bring suit within 180 days of the Trustee's claims determination or
thereafter be barred from doing so. Trustee shall only make benefits payments
until the first of the following to occur: (i) 180 days following its claims
determination if the Beneficiary fails to bring a lawsuit to enforce his or her
rights within this limitation period; or (ii) until there is a final
adjudication or other final resolution of the Beneficiary's claim. In the event
that such Beneficiary timely files a lawsuit within 180 days of Trustee's
determination that Beneficiary is entitled to the disputed benefits, all
reasonable costs of litigation (as determined in the sole and absolute
discretion of the Trustee) shall be periodically, but no less than quarterly,
advanced to the Beneficiary through the final adjudication of the claim;
provided, however, that the Beneficiary shall repay such advanced costs of
litigation if he or she fails to have finally resolved in the Beneficiary's
favor a material issue supporting the underlying merits of the Beneficiary's
claim for benefits in such dispute as determined in the sole and absolute
discretion of the Trustee. Alternatively, in the event that a Beneficiary files
a lawsuit to obtain benefits after the Trustee determines that such Beneficiary
is not entitled to such benefits, all costs of litigation shall be borne by each
party thereto; provided, however, that the Grantors, or the Trustee if the
Grantors refuse, shall reimburse such reasonable costs in the event any material
issue supporting the underlying merits of the Beneficiary's claim for benefits
in such dispute as determined in the sole and absolute discretion of the Trustee
is finally resolved in favor of the Beneficiary.

         (c) Subject to the provisions of paragraph (d) of this Section 7, after
a Change in Control, a Beneficiary shall receive payment from the Trust in
amount equal to the accrued benefit to which he is entitled under the Plans
determined as of the Change in Control, less any payments previously made to him
by the Grantors pursuant to the terms of the Plan(s). The form of payment will
be consistent with the forms provided under the terms of the Plan(s).

         (d) (i) The commencement of payments from the Trust shall be
conditioned on the Trustee's prior receipt of a written instrument from the
Beneficiary in a form reasonably satisfactory to the Trustee. In addition to any
other information the Trustee requires, such form should indicate the amount, if
any, the Beneficiary has received from the Grantors under the Plans as of his
request. All payments to a Beneficiary from the Trust shall be made in
accordance with a good faith interpretation of the provisions of the applicable
Plan(s). (ii) Except as provided below, the Trustee shall make or commence
payment to the Beneficiary in accordance with his representations not later than
30 business days after its receipt thereof; provided, however, that before the
Trustee makes or commences any such payment and not later than 7 business days
after its receipt of the Beneficiary's representations, the Trustee shall
request in writing the Grantors' agreement that the Beneficiary's
representations are accurate with respect to the amount, fact, and time of
payment to him. The Trustee shall enclose with such request a copy of the
Beneficiary's representations and written advice to the Grantors that it must
respond to the Trustee's request on or before the 20th business day (which date
shall be set forth in such written advice) after the Beneficiary furnished such
representations to the Trustee. If the Grantors in a writing delivered to the
Trustee agrees with the Beneficiary's representations in all respects, or if the
Grantors do not respond to the Trustee's request by the 20th-day deadline, the
Trustee shall make payment in accordance with the Beneficiary's representations.
If the Grantors advise the Trustee in writing on or before the 20th-day deadline
that it does not agree with any or all of the Beneficiary's representations, the
Trustee immediately shall take whatever steps it in its sole and absolute
discretion deems appropriate, including, but not limited to, a review of any
notice furnished by the Grantor pursuant to paragraph (e) hereof, to attempt to
resolve the difference(s) between the Grantors and the Beneficiary. If, however,
the Trustee is unable to resolve such difference(s) to its satisfaction within
60 days after its receipt of the Beneficiary's representations, the Trustee
shall make an independent determination in its sole and absolute discretion with
the advice of independent counsel regarding the Beneficiary's claim for benefits
and commence such payment, if any, within such 60 day period. In the event
Grantors do not agree with Beneficiary's right to payment of all or a portion of
a benefit under any Plan(s), Grantors may bring a declaratory judgment action to
clarify their rights. Trustee may rely on any final judgment concerning a
declaratory judgment action with respect to the payment of benefits from the
Trust.

         (e) Notwithstanding any other provision of the Trust to the contrary,
after a Change in Control the Trustee shall make payments hereunder before such
payments are otherwise due if it determines in its sole and absolute discretion,
based on a change in the tax or revenue laws of the United States of America, a
published ruling or similar announcement issued by the Internal Revenue Service,
a regulation issued by the Secretary of the Treasury or his delegate, a final
non-appealable decision by the Internal Revenue Service addressed to a
Beneficiary, a final decision by a court of competent jurisdiction involving a
Beneficiary, or a closing agreement made under Code Section 7121 that is
approved by the Internal Revenue Service and involves a Beneficiary, that a
Beneficiary has recognized or will recognize income for federal income tax
purposes with respect to amounts that are or will be payable to him under the
Plans before they are paid to him. The Trustee in its sole and absolute
discretion shall reimburse a Beneficiary all costs determined to be reasonable
to defend any tax claims described herein which are asserted by the Internal
Revenue Service against any Beneficiary, including attorney fees and cost of
appeal, and shall have the sole authority to determine whether or not to appeal
any determination made by the Internal Revenue Service or by a lower court. The
Trustee also shall reimburse any Beneficiary for any interest or penalties in
respect of tax claims hereunder upon receipt of documentation of same.

         (f) Unless (contemporaneously with his submission of the written
instrument referred to in paragraph (a) hereof) a Beneficiary furnishes
documentation in form and substance satisfactory to the Trustee that no
withholding is required with respect to a payment to be made to him from the
Trust, the Trustee may deduct from any such payment any federal, state or local
taxes required by law to be withheld by the Trustee.

         (g) The Trustee shall provide the Grantors with written confirmation of
the fact and time of any commencement of payments hereunder within 10 business
days after any payments commence to a Beneficiary. The Grantors shall notify the
Trustee in the same manner of any payments it commences to make to a Beneficiary
pursuant to the Plans.

         (h) The Trustee shall be fully protected in making any payment or any
calculations in accordance with the provisions of this Section 7.

         8. Termination of the Trust and Reversion of Trust Assets. The Trust
shall terminate upon the first to occur of (i) the payment by the Grantors of
all amounts due the Beneficiaries under each of the Plans or the receipt by the
Trustee of a valid release to that effect from each of the Beneficiaries with
respect to payments made to him, or (ii) the twenty-first anniversary of the
death of the last survivor of the Beneficiaries who are in being on the date of
the execution of this Trust Agreement. Upon termination of the Trust, any and
all assets remaining in the Trust, after the payment to the Beneficiaries of all
amounts to which they are entitled and after payment of the expenses and
compensation in Sections 12 and 17(i) of this Trust Agreement, shall revert to
the Grantors in accordance with their separate interest as accounted for by the
Committee, and the Trustee shall promptly take such action as shall be necessary
to transfer any such assets to the Grantors in accordance with such interest.
Notwithstanding the above, the Grantors shall be obligated to take whatever
steps are necessary to ensure that the Trust is not terminated for a period of
five (5) years following a Change in Control, such steps to include, but not
being limited to, the transfer to the Trustee of cash or other assets pursuant
to the provisions of Section 9(a) hereof.

         9. Powers of the Trustee. To carry out the purposes of the Trust and
subject to any limitations herein expressed, the Trustee is vested with the
following powers until final distribution, in addition to any now or hereafter
conferred by law affecting the trust or estate created hereunder. In exercising
such powers, the Trustee shall act in a manner reasonable and equitable in view
of the interests of the Beneficiaries and in a manner in which persons of
ordinary prudence, diligence, discretion and judgment would act in the
management of their own affairs.

         (a) Receive and Retain Property. To receive and retain any property
received at the inception of the Trust or at any other time, whether or not such
property is unproductive of income or is property in which the Trustee is
personally interested or in which the Trustee owns an undivided interest in any
other trust capacity.

         (b) Dispose of, Develop, and Abandon Assets. To dispose of an asset,
for cash or on credit, at public or private sale and, in connection with any
sale or disposition, to give such warranties and indemnifications as the Trustee
shall determine; to manage, develop, improve, exchange, partition, change the
character of or abandon a Trust asset or any interest therein.

         (c) Borrow and Encumber. To borrow money for any Trust purpose upon
such terms and conditions as may be determined by the Trustee; to obligate the
Trust or any part thereof by mortgage, deed of trust, pledge or otherwise, for a
term within or extending beyond the term of the Trust.

         (d)      Lease.  To enter for any purpose  into a lease as lessor or
lessee,  with or without an option to purchase or renew, for a term.

         (e) Grant or Acquire Options. To grant or acquire options and rights of
first refusal involving the sale or purchase of any Trust assets, including the
power to write covered call options listed on any securities exchange.

         (f) Powers Respecting Securities. To have all the rights, powers,
privileges and responsibilities of an owner of securities, including, without
limiting the foregoing, the power to vote, to give general or limited proxies,
to pay calls, assessments, and other sums; to assent to, or to oppose, corporate
sales or other acts; to participate in, or to oppose, any voting trusts, pooling
agreements, foreclosures, reorganizations, consolidations, mergers and
liquidations, and, in connection therewith, to give warranties and
indemnifications and to deposit securities with and transfer title to any
protective or other committee; to exchange, exercise or sell stock subscription
or conversion rights; and, regardless of any limitations elsewhere in this
instrument relative to investments by the Trustee, to accept and retain as an
investment hereunder any securities received through the exercise of any of the
foregoing powers.

         (g) Use of Nominee. To hold securities or other property in the name of
the Trustee, in the name of a nominee of the Trustee, or in the name of a
custodian (or its nominee) selected by the Trustee, with or without disclosure
of the Trust, the Trustee being responsible for the acts of such custodian or
nominee affecting such property.

         (h) Advance Money. To advance money for the protection of the Trust,
and for all expenses, losses and liabilities sustained or incurred in the
administration of the Trust or because of the holding or ownership of any Trust
assets, for which advances, with interest, the Trustee has a lien on the Trust
assets as against the Beneficiaries.

         (i) Pay, Contest or Settle Claims. To pay, contest or settle any claim
by or against the Trust by compromise, arbitration or otherwise; to release, in
whole or in part, any claim belonging to the Trust to the extent that the claim
is uncollectible. Notwithstanding the foregoing, the Trustee may only pay or
settle a claim asserted against the Trust by a Grantor if it is compelled to do
so by a final order of a court of competent jurisdiction.

         (j)      Litigate.  To prosecute or defend  actions,  claims or
proceedings  for the  protection of Trust assets and of the Trustee in the
performance of its duties.

         (k) Employ Advisers and Agents. To employ and reasonably compensate
persons, corporations or associations, including attorneys, auditors, investment
advisers or agents, even if they are associated with the Trustee, to advise or
assist the Trustee in the performance of its administrative duties; to act
without independent investigation upon their recommendations.

         (l) Use Custodian. If no bank or trust company is acting as Trustee
hereunder, the Trustee shall appoint a bank or trust company to act as custodian
(the "Custodian") for securities and any other Trust assets. Any such
appointment shall terminate when a bank or trust company begins to serve as
Trustee hereunder. The Custodian shall keep the deposited property, collect and
receive the income and principal, and hold, invest, disburse or otherwise
dispose of the property or its proceeds (specifically including selling and
purchasing securities, and delivering securities sold and receiving securities
purchased) upon the order of the Trustee.

         (m)      Execute  Documents.  To execute and deliver all  instruments
which will accomplish or facilitate the exercise of the powers vested in the
Trustee.

         (n) Grant of Powers Limited. The Trustee is expressly prohibited from
exercising any powers vested in it primarily for the benefit of the Grantors
rather than for the benefit of the Beneficiaries. The Trustee shall not have the
power to purchase, exchange, or otherwise deal with or dispose of the assets of
the Trust for less than adequate and full consideration in money or money's
worth.

         (o) Deposit Assets. To deposit Trust assets in commercial, savings or
savings and loan accounts (including such accounts in a corporate Trustee's
banking department) and to keep such portion of the Trust assets in cash or cash
balances as the Trustee may, from time to time, deem to be in the best interests
of the Trust, without liability for interest thereon.

         10. Termination of Trustee. Grantors may remove Trustee upon sixty (60)
days notice or upon such shorter period of time if acceptable to Trustee;
provided that upon a Preliminary CIC or subsequent Change in Control the
Grantors may only remove the Trustee if a majority of the Beneficiaries approve
such action.

         11.      Appointment of Successor Trustee.
                  --------------------------------

         (a) The Trustee shall have the right to resign upon 60 days' written
notice to the Grantor, during which time the Grantor shall appoint a "Qualified
Successor Trustee." If no Qualified Successor Trustee accepts such appointment,
the resigning Trustee shall petition a court of competent jurisdiction for the
appointment of a "Qualified Successor Trustee." For this purpose, a "Qualified
Successor Trustee" must be a bank or trust company with a market capitalization
of at least $10 billion but may not be the Grantor, any person who would be a
"related or subordinate party" to the Grantor within the meaning of Section
672(c) of the Code or a corporation that would be a member of an "affiliated
group" of corporations including the Grantor within the meaning of Section
1504(a) of the Code if the words "80 percent" wherever they appear in that
section were replaced by the words "50 percent." Upon the written acceptance by
the Qualified Successor Trustee of the trust and upon approval of the resigning
Trustee's final account by those entitled thereto, the resigning Trustee shall
be discharged.

         (b) Upon the occurrence of a corporate transaction involving the
ownership or assets of a Grantor, the affected Grantors upon written
acknowledgment to the Trustee of their obligations under the Trust and Plans may
in their sole discretion direct the Trustee to transfer or assign all or a
portion of the assets of the Trust to a Qualified Successor Trustee. The
Committee shall instruct the Trustee regarding the assets to be transferred or
assigned; provided, however, that no assets shall be transferred to such a
Qualified Successor Trustee until the Trustee is satisfied that contributions
required under the Plans have been made prior to or concurrent with this
transfer or assignment. Notwithstanding the foregoing, the Trustee shall only be
permitted to transfer or assign assets from the Trust to a Qualified Successor
Trustee if the transfer and assignment are consistent with the purpose and
intent of the Trust.

         12. Trustee Compensation. The Trustee shall be entitled to receive as
compensation for its services hereunder the compensation (a) as negotiated and
agreed to by the Grantors and the Trustee, or (b) if not negotiated or if the
parties are unable to reach agreement, as allowed a trustee under the laws of
the State of Georgia in effect at the time such compensation is payable. Such
compensation shall be paid by the Grantors; provided, however, that to the
extent such compensation is not paid by the Grantors, subject to the provisions
of Section 17(j) hereof, it shall be charged against and paid from the Trust
and, subject to Section 4 of this Trust Agreement, upon a Preliminary Change in
Control, the Grantors shall reimburse the Trust for any such payment made from
the Trust within 30 days of its receipt from the Trustee of written notice of
such payment.

         13. Trustee's Consent to Act and Indemnification of the Trustee. The
Trustee hereby grants and consents to act as Trustee hereunder. The Grantors
agree to indemnify the Trustee and hold it harmless from and against all claims,
liabilities, legal fees and expenses that may be asserted against it, otherwise
than on account of conduct of the Trustee which is found by a final judgment of
a court of competent jurisdiction to be a breach of its fiduciary duty whether
by reason of the Trustee's taking or refraining from taking any action in
connection with the Trust, whether or not the Trustee is a party to a legal
proceeding or otherwise.

         14. Prohibition Against Assignment. No Beneficiary shall have any
preferred claim on, or any beneficial ownership interest in, any assets of the
Trust before such assets are paid to the Beneficiary as provided in Section 7,
and all rights created under the Trust and the Plans shall be unsecured
contractual rights of the Beneficiary against the Grantor which is his employer
for purposes of the Plans. No part of, or claim against, the assets of the Trust
may be assigned, anticipated, alienated, encumbered, garnished, attached or in
any other manner disposed of by any of the Beneficiaries, and no such part or
claim shall be subject to any legal process or claims of creditors of any of the
Beneficiaries.

         15. Annual Accounting. The Trustee shall keep accurate and detailed
accounts of all investments, receipts and disbursements and other transactions
hereunder, and, within ninety days following the close of each calendar year,
and within ninety days after the Trustee's resignation or termination of the
Trust as provided herein, the Trustee shall render a written account of its
administration of the Trust to the Grantors by submitting a record of receipts,
investments, disbursements, distributions, gains, losses, assets on hand at the
end of the accounting period and other pertinent information, including a
description of all securities and investments purchased and sold during such
calendar year. Trustee shall separately account for each Grantor's interest in
Trust assets. Written approval of an account shall, as to all matters shown in
the account, be binding upon the Grantors and shall forever release and
discharge the Trustee from any liability or accountability. The Grantors will be
deemed to have given their written approval if he does not object in writing to
the Trustee within one hundred and twenty days (120) after the date of receipt
of such account from the Trustee. The Trustee shall be entitled at any time to
institute an action in a court of competent jurisdiction for a judicial
settlement of its account.

         16. Notices. Any notice or instructions required under any of the
provisions of this Trust Agreement shall be deemed effectively given only if
such notice is in writing and is delivered personally or by certified or
registered mail, return receipt requested and postage prepaid, addressed to the
addresses as set forth below of the parties hereto. The address of the parties
are as follows:

                        (i)     The Grantors:
                                Will be provided by Committee to Trustee

                        (ii)    The Trustee:
                                Wachovia Bank, N.A.
                                Attn:  Executive Services
                                NC 31013
                                P.O. Box 3099
                                Winston-Salem, NC   27150

The Grantors or Trustee may at any time change the address to which notices are
to be sent to it by giving written notice thereof in the manner provided above.

         17.      Miscellaneous Provisions.
                  ------------------------

         (a) This Trust Agreement shall be governed by and construed in
accordance with the laws of the State of Georgia applicable to contracts made
and to be performed therein and the Trustee shall not be required to account in
any court other than one of the courts of such state.

         (b) The Committee may give direction to Trustee on behalf of the
Grantors with regard to those matters identified in writing by the Grantors. The
Trustee will be fully protected in relying on such direction by the Committee.

         (c) All section headings herein have been inserted for convenience of
reference only and shall in no way modify, restrict or affect the meaning or
interpretation of any of the terms or provisions of this Trust Agreement.

         (d) This Trust Agreement is intended as a complete and exclusive
statement of the agreement of the parties hereto, supersedes all previous
agreements or understandings among them and may not be modified or terminated
orally.

         (e)      The term "Trustee" shall include any successor Trustee.

         (f) If a Trustee or Custodian hereunder is a bank or trust company, any
corporation resulting from any merger, consolidation or conversion to which such
bank or trust company may be a party, or any corporation otherwise succeeding
generally to all or substantially all of the assets or business of such bank or
trust company, shall be the successor to it as Trustee or Custodian hereunder,
as the case may be without the execution of any instrument or any further action
on the part of any party hereto.

         (g) If any provision of this Trust shall be invalid and unenforceable,
the remaining provisions hereof shall subsist and be carried into effect.

         (h) The Plans are by this reference expressly incorporated herein and
made a part hereof with the same force and effect as if fully set forth at
length. As of the date first stated above, the terms of the Plans are as set
forth in Exhibit A attached hereto.

         (i) The assets of the Trust shall be subject only to the claims of the
Grantor's general creditors in the event of one or more of the Grantors'
bankruptcy or insolvency. A Grantor shall be considered "bankrupt" or
"insolvent" if the Grantor is (A) unable to pay its debts when due or (B)
engaged as a debtor in a proceeding under the Bankruptcy Code, 11 U.S.C. Section
101 et seq. The Board of Directors or the chief executive officer of a Grantor
must notify the Trustee of the Grantor's bankruptcy or insolvency within three
(3) days following the occurrence of such event. Upon receipt of such a notice,
or, upon receipt of a written allegation from a person or entity claiming to be
a creditor of a Grantor that such Grantor is bankrupt or insolvent, the Trustee
shall discontinue payments to Beneficiaries. The Trustee shall, as soon as
practicable after receipt of such notice or written allegation, determine
whether such Grantor is bankrupt or insolvent. If the Trustee determines, based
on such notice, written allegation, or such other information as it deems
appropriate, that such Grantor is bankrupt or insolvent, the Trustee shall hold
the assets of the Trust for the benefit of the general creditors of the Grantor
or Grantors, and deliver any undistributed assets attributable to such Grantor
or Grantors to satisfy the claims of such creditors as a court of competent
jurisdiction may direct. The Committee in conjunction with the Trustee shall
identify the amount of assets attributable to any bankrupt or insolvent Grantor
in order to segregate such assets for the benefit of such Grantor's creditors.
The Trustee shall resume payments to Beneficiaries only after it has determined
that the Grantor in issue is not bankrupt or insolvent, is no longer bankrupt or
insolvent (if the Trustee determined that the Grantor was bankrupt or
insolvent), pursuant to an order of a court of competent jurisdiction. Unless
the Trustee has actual knowledge of the Grantor's bankruptcy or insolvency of
the Grantor or Grantors, the Trustee shall have no duty to inquire whether such
Grantor(s) is bankrupt or insolvent. The Trustee may in all events rely on such
evidence concerning the pertinent Grantor's solvency as may be furnished to the
Trustee which will give the Trustee a reasonable basis for making a
determination concerning such Grantor's solvency. If the Trustee discontinues
payment of benefits from the Trust pursuant to this Section 17(h) and
subsequently resumes such payments, the first payment following such
discontinuance shall include the aggregate amount of all payments which would
have been made to each Beneficiary less the aggregate amount of payments made to
the Beneficiary by the Grantor(s) in lieu of the payments provided for hereunder
during any such period of discontinuance. In addition, interest at a rate equal
to the average 90 day Treasury Bill rate during the period of such
discontinuance shall be paid on the amount, if any, determined to be owed in
accordance with the preceding sentence.

         (j) Any and all taxes, expenses (including, but not limited to, the
Trustee's compensation) and costs of litigation relating to or concerning the
adoption, administration and termination of the Trust shall be borne and
promptly paid by the Grantors; provided, however, that, to the extent such
taxes, expenses and costs relating to the Trust are due and owing and (A) are
not paid by the Grantors, and (B) have not been paid for more than sixty (60)
days, they shall be charged against and paid from the Trust, and, subject to
Section 4 of this Trust Agreement, upon a Preliminary Change in Control, the
Grantors shall reimburse the Trust for any such payment made from the Trust
within 30 days of its receipt from the Trustee of written notice of such
payment.

         (k) Any reference hereunder to a Beneficiary shall expressly be deemed
to include, where relevant, the beneficiaries of a Beneficiary duly appointed
under the terms of the Plans. A Beneficiary shall cease to have such status once
any and all amounts due such Beneficiary under the Plan have been satisfied.

         (l)      Any  reference  hereunder  to the  Grantors  shall  expressly
 be deemed to  include a  Grantor's successor and assigns.

         (m) Whenever used herein, and to the extent appropriate, the masculine,
feminine or neuter gender shall include the other two genders, the singular
shall include the plural and the plural shall include the singular.

         IN WITNESS WHEREOF, the parties hereto have executed this amended and
restated Trust Agreement as of this day of ________________, 2001.

                       TRUSTEE: WACHOVIA BANK, N.A.

                       By:

                         GRANTOR: ALABAMA POWER COMPANY

                        By:

                         GRANTOR: GEORGIA POWER COMPANY

                         By:

                           GRANTOR: GULF POWER COMPANY

                          By:

                          GRANTOR: MISSISSIPPI POWER COMPANY

                           By:

                          GRANTOR:    SAVANNAH ELECTRIC & POWER COMPANY

                           By:

                          GRANTOR:  SOUTHERN COMMUNICATIONS SERVICES, INC.

                          By:

                    [Signatures continued on following page]

<PAGE>

                   [Signatures continued from preceding page]

            GRANTOR:  SOUTHERN COMPANY ENERGY SOLUTIONS, INC.

                     By:

            GRANTOR: SOUTHERN COMPANY SERVICES,   INC.

                     By:

            GRANTOR: SOUTHERN ENERGY, INC.

                   By:

            GRANTOR:  SOUTHERN NUCLEAR OPERATING COMPANY, INC.

                     By:

<PAGE>

                                    EXHIBIT A

Plans and Arrangements Subject to the Trust1

<PAGE>

                                    EXHIBIT B

                       Contacts and Addresses of Grantors

--------
1 The parenthetical reference sets forth the Trust provisions applicable to the
respective Plans listed herein.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00042-of-00352.parquet"}]]