Document:

EXHIBIT 10.1

                                                                   June 16, 2003

              LETTER OF INTENT FOR THE PURCHASE OF BUSINESS ASSETS

Quang Vuong
Broadway Smog Check
7310 Broadway
Lemon Grove, California 91945

Dear Mr. Quang Vuong:

         The following will summarize the principal terms of an asset purchase
agreement ("Asset Purchase Agreement") to be entered into between Smog Centers
of California LLC, or its designee or assignee, ("Buyer"), and you ("Seller"),
as follows:

         1. Buyer will purchase from Seller certain assets, including among
other things, current assets, fixed assets, trademarks, tradenames, and all
intangible assets, including goodwill, (collectively, "Purchased Assets") used
by Seller in connection with the ownership and operation of smog testing
facility located at 7310 Broadway, Lemon Grove, California 91945 ("Business").
Buyer will not assume any liability incurred by Seller on or prior to the
Closing Date, as defined in this Letter of Intent, other than the liabilities
set forth in the Asset Purchase Agreement to be specifically assumed by Buyer.

         2. The purchase price shall be $60,00, payable as follows:

                  (a) $5,000 due upon the signing of this Letter of Intent;
                  (b) $55,000 payable within thirty (30) days from the date of
                      this Letter of Intent.

         3. The closing of the Asset Purchase Agreement ("Closing") will be a
date not later than -0- days after the Asset Purchase Agreement is signed, which
will be the Closing Date.

         4. The terms of the proposed purchase will be further negotiated and
memorialized in the definitive Asset Purchase Agreement, which will contain the
usual and customary Seller's representations and warranties, specific
obligations of the parties pending the Closing and conditions precedent to
Closing.
<PAGE>
         5. Buyer's representatives are to be permitted to make a full and
complete investigation of the business, properties, customers, financial
statements and books and records of Seller for a period of thirty (30) days from
the signing of this Letter of Intent ("Due Diligence Period").

         6. During the period prior to Closing, Seller will operate the Business
in the ordinary course and Seller will use its best efforts to preserve the
Business.

         7. Seller agrees to grant to Buyer an exclusive right to acquire the
Purchased Assets for a period of thirty (30) days from the date of this Letter
of Intent and will not offer, solicit bids for or negotiate the purchase of, the
Purchased Assets with any other potential buyer.

         8. Seller and Buyer each agree to bear its own expenses incurred in
connection with the proposed purchase of assets, including fees of their
respective attorneys, accountants and other advisors.

         This Letter of Intent is accepted by the parties as a statement of
mutual intention at this time to conduct further negotiations along the lines
indicated above, and it is understood that the proposed purchase of assets is
subject to the negotiation of the Asset Purchase Agreement, and review and
approval thereof by the respective legal counsel of the parties. It is
understood that except for the provisions of paragraphs 7 and 8 (which are
binding on Seller), neither Seller or Buyer will be bound to the other by this
Letter of Intent for damages, expenses, failure to finally agree upon a formal
and final Purchase Agreement, or in any other way.

         If the foregoing correctly sets forth our general understanding, kindly
so indicate by signing and returning the enclosed copy of this Letter of Intent.

                                                 Very truly yours,

AGREED AND ACCEPTED AS OF THE DATE OF THIS LETTER:

-----------------------------------Exhibit 4.8-B
                              CERTIFICATE OF TRUST
                                       OF
                       MISSISSIPPI POWER CAPITAL TRUST IV

         THIS CERTIFICATE OF TRUST of Mississippi Power Capital Trust IV (the
"Trust"), dated August 15, 2003, is being duly executed and filed by the
undersigned, as trustee of the Trust, to form a statutory trust under the
Delaware Statutory Trust Act (12 Del. C. ss. 3801, et seq.).

         1. Name. The name of the statutory trust being formed hereby is
Mississippi Power Capital Trust IV.

         2. Delaware Trustee. The name and business address of the trustee of
the Trust with a principal place of business in the State of Delaware are
Deutsche Bank Trust Company Delaware, 1011 Centre Road, Suite 200, Wilmington,
Delaware 19805.

         3. Effective Date. This Certificate of Trust shall be effective as of
its filing.

         IN WITNESS WHEREOF, the undersigned, being the sole trustee of the
Trust, has executed this Certificate of Trust as of the date first above
written.

                           DEUTSCHE BANK TRUST COMPANY
                           DELAWARE,
                           as Trustee

                           By:
                            -----------------------------------------------
                               Name:    Donna G. Mitchell
                               Title:   Vice PresidentExhibit 4.9-B
                                 TRUST AGREEMENT

         THIS TRUST AGREEMENT is made as of August 15, 2003, by and between
Mississippi Power Company, a Mississippi corporation, as Depositor (the
"Depositor"), and Deutsche Bank Trust Company Delaware, as Trustee (the
"Trustee"). The Depositor and the Trustee hereby agree as follows:

         1. The trust created hereby shall be known as "Mississippi Power
Capital Trust IV", in which name the Trustee, or the Depositor to the extent
provided herein, may conduct the business of the Trust, make and execute
contracts, and sue and be sued.

         2. The Depositor hereby assigns, transfers, conveys and sets over to
the Trustee the sum of $10. The Trustee hereby acknowledges receipt of such
amount in trust from the Depositor, which amount shall constitute the initial
trust estate. The Trustee hereby declares that it will hold the trust estate in
trust for the Depositor. It is the intention of the parties hereto that the
Trust created hereby constitute a statutory trust under Chapter 38 of Title 12
of the Delaware Code, 12 Del. C. ss. 3801, et seq. (the "Statutory Trust Act"),
and that this document constitute the governing instrument of the Trust. The
Trustee is hereby authorized and directed to execute and file a certificate of
trust with the Delaware Secretary of State substantially in the form attached
hereto or in such other form as the Trustee may approve.

         3. The Depositor and the Trustee will enter into an amended and
restated Trust Agreement satisfactory to each such party and substantially in
the form included as an exhibit to the Registration Statement on Form S-3 (the
"1933 Act Registration Statement") referred to below, or in such other form as
the Trustee and the Depositor may approve, to provide for the contemplated
operation of the Trust created hereby and the issuance of the Preferred
Securities and Common Securities referred to therein. Prior to the execution and
delivery of such amended and restated Trust Agreement, the Trustee shall not
have any duty or obligation hereunder or with respect to the trust estate,
except as otherwise required by applicable law or as may be necessary to obtain
prior to such execution and delivery any licenses, consents or approvals
required by applicable law or otherwise. However, notwithstanding the foregoing,
the Trustee may take all actions deemed proper as are necessary to effect the
transactions contemplated herein.

         4. The Depositor, on behalf of the Trust, is hereby authorized, in its
discretion, (i) to file with the Securities and Exchange Commission (the
"Commission") and execute, in the case of the 1933 Act Registration Statement
and 1934 Act Registration Statement (as herein defined), on behalf of the Trust,
(a) the 1933 Act Registration Statement including pre-effective or
post-effective amendments to such Registration Statement, relating to the
registration under the Securities Act of 1933, as amended (the "1933 Act"), of
the Preferred Securities of the Trust, (b) any preliminary prospectus or
prospectus or supplement thereto relating to the Preferred Securities required
to be filed pursuant to Rule 424 under the 1933 Act, and (c) a Registration
Statement on Form 8-A or other appropriate form (the "1934 Act Registration
Statement") (including all pre-effective and post-effective amendments thereto)
relating to the registration of the Preferred Securities of the Trust under
Section 12(b) of the Securities Exchange Act of 1934, as amended; (ii) to file
with the New York Stock Exchange and execute on behalf of the Trust a listing
application and all other applications, statements, certificates, agreements and
other instruments as shall be necessary or desirable to cause the Preferred
Securities to be listed on the New York Stock Exchange; (iii) to file and
execute on behalf of the Trust such applications, reports, surety bonds,
irrevocable consents, appointments of attorney for service of process and other
papers and documents as shall be necessary or desirable to register the
Preferred Securities under the securities or "Blue Sky" laws of such
jurisdictions as the Depositor, on behalf of the Trust, may deem necessary or
desirable; and (iv) to execute, deliver and perform on behalf of the Trust an
underwriting agreement with the Depositor and the underwriter or underwriters of
the Preferred Securities of the Trust. The Depositor and the Trustee further
hereby ratify and approve all actions having previously been taken with respect
to the foregoing. In the event that any filing referred to in clauses (i)-(iii)
above is required by the rules and regulations of the Commission, the New York
Stock Exchange or state securities or Blue Sky laws to be executed on behalf of
the Trust by the Trustee, Deutsche Bank Trust Company Delaware, in its capacity
as Trustee of the Trust, is hereby authorized and directed to join in any such
filing and to execute on behalf of the Trust any and all of the foregoing, it
being understood that Deutsche Bank Trust Company Delaware in its capacity as
Trustee of the Trust shall not be required to join in any such filing or execute
on behalf of the Trust any such document unless required by the rules and
regulations of the Commission, the New York Stock Exchange or state securities
or Blue Sky laws.

         5.       This Trust Agreement may be executed in one or more
counterparts.

         6. The number of Trustees initially shall be one (1) and thereafter the
number of Trustees shall be such number as shall be fixed from time to time by a
written instrument signed by the Depositor which may increase or decrease the
number of Trustees; provided, however, that to the extent required by the
Statutory Trust Act, one Trustee shall either be a natural person who is a
resident of the State of Delaware or, if not a natural person, an entity which
has its principal place of business in the State of Delaware. Subject to the
foregoing the Depositor is entitled to appoint or remove without cause any
Trustee at any time. Any Trustee may resign upon thirty days' prior notice to
the Depositor.

         7.       This Trust  Agreement  shall be construed in accordance with
and governed by the internal laws of the State of Delaware.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Trust Agreement
to be duly executed as of the day and year first above written.

                              MISSISSIPPI POWER COMPANY,
                                       as Depositor

                              By:
                                       -----------------------------------
                                       Name:    Wayne Boston
                                       Title:   Assistant Secretary

                              DEUTSCHE BANK TRUST COMPANY
                              DELAWARE,
                                       as Trustee

                              By:
                                       -----------------------------------
                                       Name:    Donna G. Mitchell
                                       Title:   Vice President

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