FIRST BANK LOAN CERTIFICATE OF NOTIFICATION
                               (Second Quarter - 1994)

                                       Filed by

                                  GULF POWER COMPANY

          Pursuant to order of the Securities and Exchange Commission dated
          May 9, 1994 in the matter of File No. 70-8397.



          Gulf Power  Company (GULF)  hereby certifies to  said Commission,
          pursuant  to  Rule 24,  that, in  accordance  with the  terms and
          conditions of and  for the purposes represented by  the statement
          on  Form U-1 in  the above  matter during  the second  quarter of
          1994, GULF had:-

          Short-term and/or term loan notes outstanding - $93,107,881;

          Commerical paper to dealers outstanding - $0; and

          Non-negotiable promissory  notes to public  entities in  exchange
          for the proceeds of their revenue anticipation notes - $0.





                                      SIGNATURE


               Pursuant to  the requirements of the  Public Utility Holding
          Company Act of 1935, the undersigned company has duly caused this
          certificate  to  be  signed  on its  behalf  by  the  undersigned
          thereunto duly authorized.


          Dated: August 1, 1994         GULF POWER COMPANY

                                        By:   Wayne Boston                 

                                           Wayne      Boston,     Assistant
          Secretary