Document:

EXHIBIT 10(j)(2)
                         AMERICAN ELECTRIC POWER SYSTEM
                      SUPPLEMENTAL RETIREMENT SAVINGS PLAN

                  AMENDED AND RESTATED AS OF JANUARY 1, 2001

                                    ARTICLE I

                           Purposes and Effective Date

      1.1 The American  Electric Power System  Supplemental  Retirement  Savings
Plan is  established  to provide to eligible  employees a  tax-deferred  savings
opportunity  otherwise  not  available  to them under the terms of the  American
Electric  Power  System   Retirement   Savings  Plan  because  of   contribution
restrictions imposed by the Internal Revenue Code.

      1.2 The effective date of the American Electric Power System  Supplemental
Retirement Savings Plan is January 1, 1994 and the effective date of the Amended
and Restated American Electric Power System Supplemental Retirement Savings Plan
is January 1, 2001.

                                   ARTICLE II

                                   DEFINITIONS

      2.1 "Account"  means the separate memo account  established and maintained
by  the  Company  or  the  recordkeeper   employed  by  the  Company  to  record
Contributions  allocated  to a  Participant's  Account and to record any related
Investment Income on the Fund or Funds selected by the Participant.

      2.2  "Applicable  Federal  Rate"  means  120%  of the  applicable  federal
long-term rate, with monthly compounding (as prescribed under Section 1274(d) of
the Code), published for the December immediately prior to the Plan year.

      2.3 "Code" means the Internal  Revenue Code of 1986,  as amended from time
to time.

      2.4  "Committee" means the Employee Benefit Trusts Committee as
established by the Board of Directors of American Electric Power Service
Corporation.

      2.5 "Compensation" means the sum of a Participant's regular base salary or
wage including any salary or wage  reductions  made pursuant to sections 125 and
402(e)(3) of the Code and contributions to this Plan and incentive  compensation
paid  pursuant  to the terms of an annual  incentive  compensation  plan up to a
maximum of one million  dollars,  provided that  compensation  shall not include
non-annual  bonuses  (such as but not  limited to project  bonuses  and  sign-on
bonuses),  severance pay, relocation  payments,  or any other form of additional
compensation  that is not  considered  to be part of base  salary,  base wage or
incentive compensations.

      2.6 "Company"  means the American  Electric Power Service  Corporation and
its subsidiaries and affiliates.

      2.7 "Company  Contributions" means the matching  contributions made by the
Company pursuant to section 3.2.

      2.8  "Contributions" means, as the context may require, Participant
Contributions and Company contributions.

      2.9  "Corporation" means the American Electric Power Company, Inc., a
New York corporation.

      2.10  "Eligible  Employee"  means an employee  of the  Company  whose base
salary or base  wage,  including  salary or wage  reductions  made  pursuant  to
section 125 and 402(e)(3) of the Code, equals or exceeds $100,000

      2.11 "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended from time to time.

      2.12 "Fund" means the investment options made available to participants in
the Savings Plan and includes the Interest Bearing Account.

      2.13 "Investment  Income" means with respect to Participant  Contributions
and  Company  Contributions  the  earnings,  gains and losses  derived  from the
investment of such Contributions in a Fund or Funds.

      2.14  "Interest  Bearing  Account"  means an investment  option to be made
available to  Participants in this Plan in which the  Contributions  invested in
this option are credited with interest at the Applicable Federal Rate.

      2.16 "Pay Reduction  Agreement" means an agreement between the Company and
the  Participant  in  which  the  Participant   elects  to  reduce  his  or  her
Compensation for the Plan Year and the Company agrees to treat the amount of the
salary reduction as a Participant Contribution to this Plan.

      2.17  "Participant   Contributions"   means   contributions  made  by  the
Participant  pursuant  to an executed  Pay  Reduction  Agreement  subject to the
Participant Contribution limits contained in section 3.1.

      2.18  "Plan" means the American Electric Power System Supplemental
Retirement Savings Plan.

      2.19 "Plan year" means the  calendar  year  commencing  each January 1 and
ending each December 31.

      2.20 "Savings Plan" means the American  Electric  Power System  Retirement
Savings Plan, a plan  qualified  under section  401(a) of the Code, as in effect
from time to time.

                                   ARTICLE III

                                  CONTRIBUTIONS

      3.1 A Participant may elect to make Participant Contributions by executing
a Pay Reduction  Agreement.  All Participant  Contributions (i) shall be made by
payroll  deductions at the end of each payroll period,  (ii) shall be based upon
the Compensation the Participant  received during such payroll period, and (iii)
shall  commence  as soon as  practicable  after the  Participant  completes  and
delivers to the Committee a Pay Reduction Agreement.  Participant  Contributions
are to be made in multiples of one (1) whole percentage of Compensation,  not to
exceed 20 percent  of  Compensation  for any  payroll  period or Plan Year.  The
maximum  Participant  Contribution  for any  Plan  Year  shall  not  exceed  the
difference between (a) the Participant's Compensation for the Plan Year times 20
percent  and  (b) the  aggregate  amount  of the  Participant's  Before-Tax  and
After-Tax contributions to the Savings Plan.

      3.2 Subject to the limitation  contained in section 3.3, the Company shall
be deemed to  contribute  to the Plan on  behalf of each  Participant  an amount
equal to 75% of the amount, not in excess of 6% of a Participant's Compensation,
contributed to the Plan by the Participant.

      3.3 The amount of Company  Contributions  deemed to be  contributed to the
Plan on behalf of a Participant in combination  with  contributions  made by the
Company  to the  Savings  Plan  on  behalf  of the  Participant,  shall,  in the
aggregate  be equal to the  lesser of (a) 75% of the  Participant  Contributions
made by the  Participant  to this Plan and the Savings  Plan, or (b) 4.5% of the
Participant's  Compensation.  If the aggregate  contributions  exceed the lesser
limitation, Company Contributions credited to the Participant's Account shall be
reduced until the aggregate  Company  Contributions  made under both the Savings
Plan and this Plan do not exceed the limitation.

      3.4 Employees who become  eligible for the Plan during the Plan Year shall
become  Participants on the first day of the Plan Year following the next annual
enrollment period, provided they enter into a Pay Reduction Agreement during the
enrollment period.

                                   ARTICLE IV

                           INVESTMENT OF CONTRIBUTIONS

      4.1 Participant  Contributions and Company Contributions shall be invested
in the Funds  selected  by the  Participant.  The  Participant  may  change  the
selected Funds by notifying the recordkeeper retained by the Company. Any change
in the  Funds  selected  by the  Participant  shall  be  implemented  as soon as
practicable.

      4.2  A  Participant  may  elect  to  transfer  all  or a  portion  of  the
Contributions from any Fund or Funds to any other Fund or Funds by giving notice
to the recordkeeper retained by the Company. Transfers between Funds may be made
in any whole  percentage or dollar  amounts and shall be  implemented as soon as
possible.

      4.3 The Funds shall be valued  daily at their fair  market  value and each
Participant's  Account shall be valued daily at its fair market value.  The fair
market value  calculation  for a  Participant's  Account shall be made after all
Contributions,  withdrawals,  distributions, Investment Income and transfers for
the day are recorded.

      4.4 The Plan is an unfunded  non-qualified  deferred compensation plan and
therefore  the  Contributions  credited  to  a  Participant's  Account  and  the
investment  of  those  Contributions  in  the  Fund  or  Funds  selected  by the
Participant are memo accounts that represent general,  unsecured  liabilities of
the Company payable exclusively out of the general assets of the Company.

                                    ARTICLE V

                  ELECTION, DISTRIBUTIONS AND BENEFICIARIES

      5.1 In order  for an  election  to make  Participant  Contributions  to be
effective  for  any  given  Plan  Year,  the  Participant  must  enter  into  an
irrevocable  Pay  Reduction   Agreement  during  the  annual  enrollment  period
preceding  the Plan Year as to which the  election  is to take  effect.  The Pay
Reduction  Agreement  shall  remain in force as to the Plan Year for which it is
delivered  and shall  carry  forward for each  subsequent  Plan Year until it is
revoked or superseded by a new Pay  Reduction  Agreement  entered into during an
annual enrollment period. No election shall be effective to defer under the Plan
any  Compensation  which is earned by the Participant on or before the first day
of the Plan year for which the Pay Reduction  Agreement is entered into. The Pay
Reduction Agreement and any revocation thereof shall contain such information as
may be  reasonably  required by the  Committee and shall be executed at the time
and in the manner prescribed by the Committee.

      5.2 Upon a  Participant's  termination  of employment for any reason other
than death, all amounts which are credited to the Participant's Account shall be
distributed to the Participant in the form of:

(1)   a single lump-sum payment when the Participant's employment is
         terminated or at the end of the post-termination deferral period
         selected by the Participant, or

(2)      in approximately equal annual or semi-annual  installment payments over
         not  less  than  two  or  more  than  ten  years  commencing  when  the
         Participant's   employment   is   terminated  or  at  the  end  of  the
         post-termination deferral period selected by the Participant.

A  post-termination  deferral shall be for a period of at least one year but not
more then five years from the date the  Participant's  employment  is terminate.
The Participant's distribution election shall be made when the Participant first
elects to  participate  in the Plan.  The  Participant  may amend or revoke  the
distribution  election  at any time prior to the  Participant's  termination  of
employment,  but any such  amendment or revocation  must be made at least twelve
months prior to the initial  distribution.  If the Participant  does not elect a
post-termination  deferral,  the distribution of a lump-sum payment or the first
installment  payment  shall be made  within  120 days  after  the  Participant's
termination  of  employment.  If  the  Participant  elected  a  post-termination
deferral,  the lump-sum payment or the first  installment  payment shall be made
within 120 days after the end of the deferral period. If the Participant  elects
a  post-termination  deferral or elects  installment  payments,  the Participant
shall be eligible to invest the remaining balance in the  Participant's  Account
as provided in section  4.2. A lump sum  distribution  with no  post-termination
deferral will be made for participants who do not make a distribution election.

      5.3 Upon a Participant's death prior to termination of employment or prior
to the complete distribution of the Participant's  Account, all amounts credited
to the Participant's Account shall be distributed to (a) the Participant's named
beneficiary,  or (b) if the named beneficiary  predeceases the Participant or if
the  Participant  did  not  name a  beneficiary,  to the  Participant's  estate.
Distributions  to the  named  beneficiary  shall  be in the form of (1) a single
lump-sum payment or (2) in approximately equal annual or semi-annual installment
payments  over not  less  than two nor more  then ten  years as  elected  by the
beneficiary. The beneficiary's distribution election must be made within 90 days
of the Participant's  date of death. If an election is not made, the beneficiary
shall receive a lump-sum payment.  The distribution of a lump-sum payment or the
first  installment  payment to a beneficiary  shall be made within 90 days after
the beneficiary makes or fails to make a distribution election. In the event the
beneficiary  elects installment  payments,  the beneficiary shall be eligible to
invest the remaining balance in the Account as provided in section 4.2 as if the
beneficiary is a Participant.  In the event a beneficiary  receiving installment
payments  shall  die  prior  to a  complete  distribution  of the  Account,  the
remaining  balance  in the  Account  shall be paid to the  beneficiary's  estate
within 120 days after the  Committee  is notified of  beneficiary's  death.  The
distribution  of a lump-sum  payment to the  Participant's  estate shall be made
within 120 days after the Participant's date of death.

      5.4 Each  Participant  shall have the right to designate a beneficiary  or
beneficiaries who shall receive the balance of the Participant's  Account if the
Participant  dies  prior  to the  complete  distribution  of  the  Participant's
Account.  Any  designation,  or change or rescission  thereof,  shall be made by
completing  and  furnishing to the Committee the  appropriate  beneficiary  form
prescribed by the Committee. The last designation of beneficiary received by the
Committee prior to the death of the Participant shall control.

                                   ARTICLE VI

                             TAXES AND TAX TREATMENT

      6.1 Each  Participant  agrees that as a condition of  participation in the
Plan,  the Company may withhold  federal,  state and local income taxes,  Social
Security taxes and Medicare Taxes from any distribution  hereunder to the extent
that such taxes are then payable.

      6.2 The adoption and  maintenance of the Plan is conditioned  upon (1) the
applicability of section 451(a) of the Code to the Participant's  recognition of
gross  income  as a  result  of  participation  herein,  (2) the  fact  that the
Participants will not recognize gross income as a result of participation in the
Plan  unless  and until  and then  only to the  extent  that  distributions  are
received,  (3)  the  applicability  of  section  404(a)(5)  of the  Code  to the
deductibility of the amounts distributed to the Participants hereunder,  (4) the
fact that the Company  will not receive a deduction  for amount  credited to any
Account  unless and until and then only to the extent that  amounts are actually
distributed and (5) the  inapplicability of the provisions of Titles 2, 3, and 4
of ERISA. If the Internal Revenue  Service,  Department of Labor or any court of
competent  jurisdiction  determines or finds as a fact or legal  conclusion that
any of the above  conditions is untrue and issues an assessment,  determination,
opinion or report to such effect, or if in the opinion of counsel to the Company
any one of the above  assumptions is incorrect,  then the Company shall have the
option to terminate this Plan as provided in section 8.1.

                                   ARTICLE VII

                                 Administration

      7.1 The  Committee  shall  (i)  administer  and  interpret  the  terms and
conditions  of  the  Plan,  (ii)  establish  reasonable  procedures  with  which
Participants must comply to exercise any right established hereunder,  and (iii)
be permitted to delegate its  responsibilities or duties hereunder to any person
or entity.  The rights and duties of the  Participants and all other persons and
entities  claiming an interest  under the Plan are subject to, and  governed by,
such acts of administration, interpretation, procedure and delegation.

      7.2 The  Committee may employ  agents,  attorneys,  accountants,  or other
persons and allocate or delegate to them powers,  rights,  and duties all as the
Committee  may  consider  necessary  or  advisable  to  properly  carry  out the
administration of the Plan.

      7.3 The Company shall maintain, or cause to be maintained, records showing
the individual credit balances of each Participant's  Account.  Each Participant
shall be furnished  with  quarterly  statements  setting  forth the value of the
total credits to the Participant's Account.

                                  ARTICLE VIII

                            Amendment or Termination

      8.1 The Company intends to continue the Plan indefinitely but reserves the
right to modify the Plan from time to time, or to terminate the Plan entirely or
to direct the permanent  discontinuance or temporary suspension of Contributions
under the Plan; provided that no such modification,  termination, discontinuance
or suspension shall affect or otherwise  deprive a Participant or beneficiary of
any distributions to which they may be entitled under the Plan.

                                   ARTICLE IX

                                  Miscellaneous

      9.1 Nothing in the Plan shall interfere with or limit in any way the right
of the Company to terminate any Participant's employment at any time, nor confer
upon a Participant any right to continue in the employ of the Company.

      9.2  In  the  event  the  Committee  shall  find  that  a  Participant  or
beneficiary  is unable to care for his or her  affairs  because  of  illness  or
accident,  the Committee may direct that any payment due the  Participant or the
beneficiary  be  paid  to  the  duly  appointed  legal   representative  of  the
Participant  or  beneficiary,  and any such  payment so made shall be a complete
discharge of the liabilities of the Plan and the Company.

      9.3 The Plan shall be construed and administered  according to the laws of
the State of Ohio.

                                    ARTICLE X

                                Change In Control

      10.1  Notwithstanding  any  provisions of the Plan to the  contrary,  if a
Change in Control,  as defined in Section 10.2, of the Corporation  occurs,  all
benefits  accrued as of the date of the Change in Control  shall be fully vested
and non-forfeitable.

      10.2 A "Change  in  Control"  of the  Corporation  shall be deemed to have
occurred  if (i) any  "person"  or "group"  (as such terms are used in  Sections
13(d) and 14(d) of the Securities Exchange Act of 1934 ("Exchange Act")),  other
than any company  owned,  directly or  indirectly,  by the  shareholders  of the
Corporation in substantially the same proportions as their ownership of stock of
the  Corporation or a trustee or other  fiduciary  holding  securities  under an
employee  benefit plan of the  Corporation,  becomes the "beneficial  owner" (as
defined in Rule 13d-3 under the Exchange Act),  directly or indirectly,  of more
than 25 percent of the then outstanding  voting stock of the  Corporation,  (ii)
during any period of two consecutive years,  individuals who at the beginning of
such period constitute the Board,  together with any new Directors (other than a
director  nominated by a person (x) who has entered  into an agreement  with the
Corporation to effect a transaction described in Section 10.2(i),  (iii) or (iv)
who  publicly  announces  an  intention  to take or to consider  taking  actions
(including,  but not limited to, an actual or threatened proxy contest) which if
consummated  would  constitute a Change In Control) whose election or nomination
for election was approved by a vote of at least two-thirds of the Directors then
still in office who were  either  Directors  at the  beginning  of the period or
whose election or nomination for election was previously so approved,  cease for
any  reason  to  constitute  at least a  majority  of the  Board;  or (iii)  the
consummation  of a merger or  consolidation  of the  Corporation  with any other
entity,  other than a merger or  consolidation  which would result in the voting
securities of the Corporation  outstanding  immediately prior thereto continuing
to represent (either by remaining  outstanding or by being converted into voting
securities  of the  surviving  entity) at least 50  percent of the total  voting
power  represented by the voting securities of the Corporation or such surviving
entity outstanding  immediately after such merger or consolidation;  or (iv) the
shareholders  of the Corporation  approve a plan of complete  liquidation of the
Corporation,  or an agreement for the sale or disposition by the Corporation (in
one transaction or a series of transactions) of all or substantially  all of the
Corporation's assets.

      Notwithstanding the foregoing,  a Change in Control shall not be deemed to
occur as a result of the  consummation of the  transactions  contemplated in the
Agreement and Plan of Merger by and among the Corporation,  Augusta  Acquisition
Corporation  and Central  and South West  Corporation  dated as of December  21,
1997,  nor  thereafter  as a  result  of any  event in (i) or  (iii)  above,  if
Directors  who were  members  of the  Board  prior  to such  event  continue  to
constitute a majority of the Board after such event.

For purposes of this Section 10.2,  "Board" shall mean the Board of Directors of
the Corporation,  and "Director" shall mean an individual who is a member of the
Board.
                                   ARTICLE XI

                                Claims Procedure

      11.1 If a Participant  makes a written request alleging a right to receive
benefits under the Plan or alleging a right to receive an adjustment in benefits
being paid under the Plan, the Committee shall treat it as a claim for benefits.
All claims for benefits  under the Plan shall be sent to the  Committee and must
be received within 75 days after the Participant's termination of employment. If
the Committee determines that any Participant who has claimed a right to receive
benefits,  or different benefits,  under the Plan is not entitled to receive all
or any part of the benefits  claimed,  it will inform the claimant in writing of
its  determination and the reasons therefor in terms calculated to be understood
by the claimant.  The notice will be sent within 90 days of the claim unless the
Committee  determines  additional  time,  not exceeding 90 days, is needed.  The
notice shall make specific  reference to the pertinent Plan  provisions on which
the denial is based,  and describe any additional  material or  information,  if
any,  necessary  for the  claimant  to perfect the claim and the reason any such
addition  material or information is necessary.  Such notice shall, in addition,
inform the claimant what procedure the claimant  should follow to take advantage
of the review  procedures  set forth below in the event the claimant  desires to
contest  the denial of the claim.  The  claimant  may within 90 days  thereafter
submit in writing to the  Committee  a notice  that the  claimant  contests  the
denial of the claim by the Committee and desires a further review. The Committee
shall within 60 days  thereafter  review the claim and authorize the claimant to
appear personally and review pertinent  documents and submit issues and comments
relating to the claim to the persons responsible for making the determination on
behalf of the  Committee.  The  Committee  will render its final  decision  with
specific  reasons  therefore  in writing and will  transmit  it to the  claimant
within  60  days  of the  written  request  for  review,  unless  the  Committee
determines  additional  time, not exceeding 60 days, is needed,  and so notifies
the claimant.  If the Committee  fails to respond to a claim filed in accordance
with the  foregoing  within 90 days or any such extended  period,  the Committee
shall be deemed to have denied the claim.Exhibit 10(r)(1)

                              Employment Agreement

      This Employment  Agreement,  entered into between American  Electric Power
Service Corporation (hereinafter referred to as the "Company") and Paul D. Addis
(hereinafter referred to as the "Employee").

      WITNESS:  that in consideration of the mutual reciprocal promises
herein contained, the parties hereby covenant as follows:

      WHEREAS, the Company is desirous of hiring the Employee because of his
business experience and expertise; and

      WHEREAS,  the Employee is desirous of being employed by the Company in the
below-described executive capacity:

      NOW, THEREFORE, it is hereby agreed as follows:

                                    Section I

                               Term of Employment

1.01 The Company employs the Employee and the Employee  accepts  employment with
the Company  beginning  during  February,  1997 and ending  three  years  later,
subject however,  to prior termination of this Employment  Agreement as provided
in Section VI and paragraph  2.02 of Section II. The actual date the  Employee's
employment  with the  Company  commences  shall be  referred  to as the "Date of
Hire."

                                   Section II

                               Duties of Employee

2.01 On the Date of Hire,  the  Employee  shall  assume the office and duties of
Executive Vice President. The Employee's duties after he assumes the position of
Executive Vice President shall include: helping to define and lead the Company's
unregulated business activities;  assisting in the development of strategies for
the  Company's   generation;   energy  delivery,   marketing  and  new  business
development;  and other similar duties as may be reasonably prescribed from time
to time by the Board of Directors of the Company  (the  "Company  Board") or the
Chairman  of the Board of the  Company.  The  Employee  also  agrees to  perform
reasonable  services for, and consult with and advise,  corporations  affiliated
with the  Company as the  Company  Board,  or the  Chairman  of the Board of the
Company  may  from  time to time  specify.  Services  performed  for  affiliated
companies shall not entitle the Employee to additional compensation.

2.02 If the  Employee at any time during the term of this  Employment  Agreement
shall be unable  because of  personal  injury,  illness,  or any other  cause to
perform his duties under this Employment  Agreement,  the Company may assign the
Employee to other  duties and the  compensation  to be paid to the  Employee for
performing those duties shall be determined by the Company in the Company's sole
discretion.  If the Employee is unwilling to accept the  modification  in duties
and  compensation  offered  by the  Company,  this  Employment  Agreement  shall
terminate  immediately  and the  Employee  shall be  entitled  to the  severance
benefit provided in Section 6.02 of this Employment Agreement.

2.03 The Employee shall devote his entire productive time, ability and attention
to the business of the Company during the term of this Employment Agreement. The
Employee  shall not  directly or  indirectly  render any services of a business,
commercial, or professional nature to any other person or organization,  whether
for compensation or otherwise, without the prior written consent of the Company.

                                   Section III

                                  Compensation

3.01 As compensation for services rendered under this Employment Agreement,  the
Employee shall be entitled to receive from the Company a salary of $ 350,000 per
year, payable in equal semi-monthly  installments;  provided,  however, that the
amount of the annual salary shall be subject to annual  adjustments,  commencing
January 1, 1998,  at the  Company's  discretion  pursuant  to its Exempt  Salary
Administration Program.

3.02 In  addition to the annual  salary  provided  for in  paragraph  3.01,  the
Employee  shall  be  eligible  to   participate  in  the  Management   Incentive
Compensation  Plan and in the Performance Share Incentive Plan commencing on the
first day of the month following the Employee's Date of Hire.

                                   Section IV

                                    Benefits

4.01 The Employee  shall be eligible to  participate  in the  American  Electric
Power  System  Retirement  Plan on the  first  day of the  month  following  his
completion  of one year of  employment as measured from the Date of Hire, in the
American  Electric Power System  Employees  Savings Plan on the first day of the
month  following his completion of six months of employment as measured from the
Date of Hire,  and in the American  Electric Power System  Supplemental  Savings
Plan on January 1, 1998.  The Employee  shall be eligible to  participate in the
American Electric Power System medical plan, long-term disability plan, and life
insurance plans on the first day of the month following his Date of Hire.

4.02 The Employee  shall be  immediately  eligible to  participate in the dental
plan. If  necessary,  the Company shall provide such dental plan benefits out of
its general assets.

4.03 According to Company policy,  the Employee shall be provided with a Company
automobile and membership in a luncheon club.

4.04 The Company shall reimburse the Employee for temporary  housing and weekend
trips back to Connecticut  between February 1, 1997 and the end of the 1996/1997
school year.  The Employee  shall be eligible to  participate  in the  Company's
Employee  Relocation  Program any time during the Employee's  first two years of
employment.

                                    Section V

                         Supplemental Retirement Benefit

5.01 Upon the Employee's  termination  of employment for any reason,  except for
good cause as defined in paragraph  6.03,  the  Employee  shall be entitled to a
Supplemental Retirement Benefit equal to:

(a)   The retirement benefit the Employee would be entitled to receive as of
           the date of the Employee's termination of employment, under the
           terms of the American Electric Power System Retirement Plan, as
           amended from time to time or any successor thereto ("AEPS
           Retirement Plan"), based upon the compensation the Employee
           received from the Company prior to the Employee's termination of
           employment, including earned Management Incentive Compensation
           awards and excluding earned Performance Share Incentive Plan
           awards; assuming that as of     the date of the Employee's
           termination of employment the Employee's period of accredited
           service shall be equal to the sum of the Employee's actual period
           of service with the Company and an additional 18.5 years of
           accredited service; and if the Employee retires prior to age 62
           and elects to receive retirement benefits prior to age 62, the
           retirement benefit that the employee would receive at age 62
           shall be reduced by one-quarter of a percent for each month prior
           to age 62 that retirement benefits commence as shown in the table
           below:

                                                 The employee will receive this
                                                 percentage of the retirement
                                                 benefit that would normally be
           If retirement benefits are            paid at age 62:
           paid starting at:
           --------------------------------      -------------------------------

                  Age 61                                      97%
                      60                                      94%
                      59                                      91%
                      58                                      88%
                      57                                      85%
                      56                                      82%
                      55                                      79%

(b)        Less any retirement  benefit the Employee is entitled to receive from
           all qualified and non qualified plans sponsored by any prior employer
           of the Employee.  The Employee  shall provide the Company with a list
           of such other plans  within a  reasonable  time after the  Employee's
           Date of Hire.

(c)        Less any retirement benefit the Employee is entitled to received from
           the AEPS Retirement Plan.

5.02 The Employee's  election under the terms of the AEPS  Retirement  Plan of a
50% Joint and Survivor  Annuity or any other optional form of payment,  with the
valid consent of the Employee's Spouse where required, shall be deemed to be the
payment election the Employee makes for purposes of the Supplemental  Retirement
Benefit.

5.03 If the  Employee's  employment  with the Company is  terminated  due to the
death of the Employee, the Employee's spouse shall be entitled to a Supplemental
Pre-Retirement Surviving Spouse Annuity provided the Employee and the Employee's
spouse were  married for at least one year prior to the  Employee's  death.  The
amount of the  Supplemental  Pre-Retirement  Surviving  Spouse  Annuity shall be
equal to the following:

(a)   The pre-retirement surviving spouse annuity the Employee's spouse would
            be entitled to receive under  the terms of the AEPS Retirement
            Plan, based upon the compensation the Employee received from the
            Company prior to his death, including the Employee's earned
            Management Incentive Compensation awards and excluding the
            Employee's earned Performance Share Incentive Plan awards;
            assuming that as of the Employee's date of  death the Employee's
            accredited service is equal to the sum of the Employee's actual
            period of service with the Company and an additional 18.5 years
            of accredited service; and applying the benefit reduction factors
            in paragraph 5.01(a) if the employee was eligible for early
            retirement at the time of death.

(b)         Less any surviving spouse annuity the Employee's surviving spouse is
            entitled  to  receive  from  any  qualified  or non  qualified  plan
            sponsored by any prior employer of the Employee.

(c)         Less any surviving spouse annuity the Employee's surviving spouse is
            entitled to receive from the AEPS Retirement Plan.

5.04 The  Supplemental  Retirement  Benefit or the  Supplemental  Pre-Retirement
Surviving  Spouse Annuity shall be paid out of the general assets of the Company
and shall be covered by the American Electric Power Service Corporation Umbrella
Trust for Executives.

5.05 In the event the  Employee's  employment  is  terminated by the Company for
other  than "good  cause" or in the event the  Employee  voluntarily  terminates
employment with the written consent of the Company,  the  supplemental  benefits
provided in this Section V shall become fully vested and non-forfeitable.

                                   Section VI

                                   Termination

6.01 The Company or the Employee may terminate this Employment Agreement and the
employment  relationship at any time.  Termination of this Employment  Agreement
shall be by delivery of a written  notice to Employee at his place of employment
and to Company by delivery of a written notice to the Chairman of the Board.

6.02 In the event the  Employee's  employment  is  terminated by the Company for
other than "good cause" within three years of the Employee's Date of Hire, or in
the  event the  Employee  voluntarily  terminates  employment  with the  written
consent of the Company  within three years of the  Employee's  Date of Hire, the
Employee shall be entitled to the following severance benefits.

(a)    If the Employee's  employment is terminated within the first 18 months of
       the Employee's employment as measured from the Date of Hire, the Employee
       shall be entitled to a continuation  of the  Employee's  then base salary
       for 36 months from the date the Employee's employment is terminated.

(b)   If  the  Employee's  employment  is  terminated  after  the  Employee  has
      completed 18 months of employment and prior to the completion of 30 months
      of employment as measured from the  Employee's  Date of Hire, the Employee
      shall be entitled to a continuation  of the  Employee's  then base salary.
      The number of months of salary  continuation is to be computed as follows:
      36 minus 2 months  for each  additional  month of  employment  beyond  the
      completion of 18 months of employment.

(c)   If  the  Employee's  employment  is  terminated  after  the  Employee  has
      completed 30 months of employment and prior to the completion of 48 months
      of employment as measured from the  Employee's  Date of Hire, the Employee
      shall be entitled to a continuation of the Employee's then base salary for
      a period of 12 months.

      Severance payments made under the provisions of this section 6.02 shall be
in  lieu of any  other  severance  plan  then  offered  by the  Company.  If the
Employee's  employment is terminated after the Employee has completed four years
of employment,  the Employee shall be entitled to the normal severance  benefits
in place at that time.

6.03 In the event the  Employee is  involuntarily  terminated  for "good  cause"
prior to the Employee's completion of three years of employment as measured from
the Date of Hire, or in the event the Employee voluntarily terminates employment
without the  written  consent of the Company  prior to the  completion  of three
years of  employment  as  measured  from the Date of  Hire,  all  rights  of the
Employee  under this  Employment  Agreement  shall be terminated and the Company
shall have no liability or obligation to make any payments to or for the benefit
of  the  Employee  or  the  Employee's  spouse   hereunder,   including  without
limitation,  the Supplemental  Retirement Benefits provided in Section V hereof.
The Company  agrees that it will not  unreasonably  withhold  its consent in the
event the Employee voluntarily  terminates employment prior to the completion of
three years of employment as measured from the Date of Hire.

      For purposes of this Employment Agreement, "good cause" shall include: the
Employee's  theft or destruction  of Company  property;  the Employee's  willful
breach or habitual  neglect of the duties  that he is required to perform  under
this  Employment  Agreement;  and the  Employee's  behavior or actions which are
illegal  and or  unethical  such as  sexual  harassment  or  violation  of equal
employment laws.

                                   Section VII

                                  Miscellaneous

7.01 This Employment  Agreement contains the entire agreement of the Company and
the  Employee  relating to the subject  matter  hereof,  and the Company and the
Employee each acknowledge that they have made no agreements,  representations or
warranties relating to the subject matter of this Employment Agreement which are
not set forth herein and that this Employment  Agreement  supersedes and revokes
any prior agreements.

7.02 This Employment Agreement may not on behalf of or in respect to the Company
or  the  Employee  be  changed,  modified,  released,  discharged  or  otherwise
terminated in whole or in part except by an  instrument  in writing  signed by a
duly authorized officer of the Company and the Employee or as otherwise provided
herein.

7.03 This Employment Agreement shall extend to and be binding upon the Employee,
his legal  representatives  and heirs, and upon the Company,  its successors and
assigns;  provided,  however,  that the Company  may not assign this  Employment
Agreement except to another  corporation  within the group of companies known as
the AEP System Companies.

7.04 Nothing  herein shall be construed as amending the terms and  conditions of
the AEPS Retirement Plan or the American Electric Power System Employees Savings
Plan.

      This  Employment  Agreement,  consisting  of  seven  pages  including  the
signature page, signed this 17th day of January, 1996.

  /s/ Paul D. Addis                         /s/ E. Linn Draper, Jr.
------------------------------            --------------------------------
Paul D. Addis                             E. Linn Draper, Jr.
                                          Chairman of the Board,
                                          President and Chief
                                          Executive Officer,
                                          American Electric Power
                                          Service Corporation

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