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INDIANA MICHIGAN POWER TO REDEEM PREFERRED STOCK

 COLUMBUS, Ohio, Oct. 14 /PRNewswire/ -- Indiana Michigan Power Company (I&M), formerly Indiana & Michigan Electric Company, today announced that it will redeem all of the outstanding shares of its $2.15 cumulative preferred stock ($25 par value) on Nov. 14, 1993, at the redemption price of $25.54 per share plus a sum computed at the annual dividend rate of the series per share accrued from Oct. 1 to the redemption date.
 The preferred stock redemption is being made under provisions which permit the preferred shares to be redeemed at any time.
 Notice is expected to be mailed to shareowners of record on or before Oct. 15, 1993. First Chicago Trust Company of New York is the redemption agent for this series of preferred stock.
 I&M, headquartered in Fort Wayne, Ind., is an operating electric utility subsidiary of American Electric Power Company, Inc. (NYSE: AEP).
 -0- 10/14/93
 /CONTACT: Luke M. Feck, senior vice president, public affairs, of American Electric Power, 614-223-1650/
 (AEP)


CO: American Electric Power ST: Indiana, Michigan, Ohio IN: UTI SU:

KL-AR -- CL040 -- 2438 10/14/93 16:40 EDT
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Publication:PR Newswire
Date:Oct 14, 1993
Words:185
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