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Jan. 24, 2001News Release
COLUMBUS, Ohio, Jan. 24, 2001-- The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 60 cents a share on the company’s common stock.

The dividend is payable March 9, 2001, to shareholders of record as of Feb. 9, 2001, and is the company’s 363rd consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

American Electric Power is a multinational energy company based in Columbus, Ohio. AEP owns and operates more than 38,000 megawatts of generating capacity, making it one of America’s largest generators of electricity. The company is also a leading wholesale energy marketer and trader, ranking second in the U.S. in electricity volume. AEP provides retail electricity to more than 9 million customers worldwide and has more than $55 billion in assets, primarily in the U.S. with holdings in select international markets. Wholly owned subsidiaries are involved in power engineering and construction services, energy management and telecommunications.

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News releases and other information about AEP can be found on the World Wide Web at http://www.aep.com.

Media:
Pat D. Hemlepp
Manager, Media Relations
614/223-1620

Analysts:
Thomas Hughes
Vice President, Investor Relations
614/223-2852

or

Bette Jo Rozsa
Managing Director, Investor Relations
614/223-2840

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