INSTRUCTIONS

            Instructions to Registered Holder and/or DTC Participant
                              from Beneficial Owner
                                       of
                           9.75% Senior Notes due 2013

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        The Exchange Offer will expire at 11:59 p.m., New York City time,
             on _____________, 2003, unless the Offer is extended.
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To Registered Holder and/or Depository Trust Company Participant:

     The undersigned hereby acknowledges receipt of the Prospectus dated
___________, 2003 (the "Prospectus") of Alliant Energy Resources, Inc., a
Wisconsin corporation (the "Company"), and the accompanying Letter of
Transmittal (the "Letter of Transmittal"), that together constitute the
Company's offer (the "Exchange Offer") to exchange its 9.75% Senior Notes due
2013 (the "New Senior Notes") which have been registered under the Securities
Act of 1933, as amended (the "Securities Act"), for all of its outstanding
registered 9.75% Senior Notes due 2013 (the "Old Senior Notes"). Capitalized
terms used but not defined herein have the meanings ascribed to them in the
Prospectus.

     This will instruct you, the registered holder and/or Depository Trust
Company Participant, as to the action to be taken by you relating to the
Exchange Offer with respect to the Old Senior Notes held by you for the account
of the undersigned.

     The aggregate principal amount of Old Senior Notes held by you for the
account of the undersigned is (fill in amount):

           $__________ of the outstanding 9.75% Senior Notes due 2013.

     With respect to the Exchange Offer, the undersigned hereby instructs you
(check appropriate box):

|_|  TO TENDER the following Old Senior Notes held by you for the account of the
     undersigned (insert principal amount of Old Senior Notes to be tendered, if
     less than all):

           $__________ of the outstanding 9.75% Senior Notes due 2013.

|_|  NOT TO TENDER any Old Senior Notes held by you for the account of the
     undersigned.

     If the undersigned instructs you to tender Old Senior Notes held by you for
the account of the undersigned, it is understood that you are authorized to
make, on behalf of the undersigned (and the undersigned, by its signature below,
hereby makes to you), the representations and warranties contained in the Letter
of Transmittal that are to be made with respect to the undersigned as a
beneficial owner, including but not limited to the representations, that (i) the
undersigned is not an "affiliate" of the Company, (ii) any New Senior Notes to
be received by the undersigned are being acquired in the ordinary course of its
business, and (iii) the undersigned has no arrangement or understanding with any
person to participate in a distribution (within the meaning of the Securities
Act) of New Senior Notes to be received in the Exchange Offer. If the
undersigned is a broker-dealer that





will receive New Senior Notes for its own account in exchange for Old Senior
Notes, it represents that the Old Senior Notes to be exchanged for New Senior
Notes were acquired by it as a result of market-making activities or other
trading activities and acknowledges that it will deliver a prospectus in
connection with any resale of such New Senior Notes; however, by so
acknowledging and by delivering a prospectus, the undersigned will not be deemed
to admit that it is an "underwriter" within the meaning of the Securities Act.

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                                    SIGN HERE

Name of Beneficial Owner(s)____________________________________________________

Signature(s)____________________________________________________________________

Name(s) (please print)__________________________________________________________

Address_________________________________________________________________________

________________________________________________________________________________

Telephone Number________________________________________________________________

Taxpayer Identification or Social Security No.__________________________________

Date____________________________________________________________________________

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