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INDIANA MICHIGAN POWER TO REDEEM BONDS

 FORT WAYNE, Ind., Oct. 28 /PRNewswire/ -- Indiana Michigan Power Company today announced that it will redeem on Dec. 1, 1993, the entire outstanding $40,000,000 principal amount of its 8-3/8 percent Series of First Mortgage Bonds due 2003. The bonds will be redeemed at 101.63 percent of the principal amount of the bonds.
 Interest due Dec. 1 will be paid in the usual manner.
 The redemption is in accordance with terms of the mortgage under which the bonds were issued which permit the company to redeem the bonds prior to maturity.
 The notice of redemption is expected to be mailed on Oct. 29, 1993.
 The Bank of New York is the redemption agent and trustee.
 Indiana Michigan Power is one of seven operating companies of American Electric Power Company, Inc. (NYSE: AEP). Indiana Michigan Power, headquartered in Fort Wayne, Ind., provides services to approximately 520,000 customers.
 -0- 10/28/93
 /CONTACT: Luke M. Feck, senior vice president, public affairs, of American Electric Power, 614-223-1650/
 (AEP)


CO: Indiana Michigan Power Company ST: Indiana, Michigan IN: UTI SU:

AR-BM -- CL015 -- 7881 10/28/93 11:48 EDT
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Publication:PR Newswire
Date:Oct 28, 1993
Words:189
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