At a meeting held on April 26, 2002, the Board of Directors of Alabama Power Company declared the regular quarterly dividends on the company's outstanding preferred stock as follows:

                           Preferred Stock
                           ($100 Par Value)
                       4.20% - $1.05 per share
                       4.52% - $1.13 per share
                       4.60% - $1.15 per share
                       4.64% - $1.16 per share
                       4.72% - $1.18 per share
                       4.92% - $1.23 per share

                       Class A Preferred Stock
                         ($25 Capital Value)
                       5.20% - $.325 per share
                       5.83% - $.3644 per share

These dividends are for the quarter ending June 30, 2002, payable July 1, 2002, to stockholders of record June 14, 2002.

               Auction Class A Preferred Stock, 1988 Series
                           ($100 Capital Value)

  In addition, the Board of Directors declared dividends for the Auction
  Class A Preferred Stock (1988 Series) at an annual rate to be determined
  in accordance with the Auction procedures as set forth in the amendment to
  the Charter dated November 18, 1988, as further amended on November 21,
  2001, for the dividend period beginning March 12, 2002, which is payable
  on April 30, 2002, to stockholders of record on April 29, 2002; and for
  the dividend period beginning April 30, 2002, that is payable on June 18,
  2002, to stockholders of record on June 17, 2002.


               Auction Class A Preferred Stock, 1993 Series
                           ($100 Capital Value)

  In addition, the Board of Directors declared dividends for the Auction
  Class A Preferred Stock (1993 Series) at an annual rate to be determined
  in accordance with the Auction procedures as set forth in the amendment to
  the Charter dated October 27, 1993, as further amended on November 21,
  2001, for the dividend period beginning April 24, 2002, which is payable
  on June 12, 2002, to stockholders of record on June 11, 2002.

Alabama Power, a subsidiary of Atlanta-based Southern Company , provides reliable, affordable electricity to more than 1.3 million customers across the state.

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SOURCE: Alabama Power Company