-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 GE7VKSAsRIcDRne0fiZm6zXjxvJvjKhQ1zT9RBi43E4KFFs5NMCda7vOAeGWtpZt
 4inOPwB16MQD9KbTBJOsKg==

<SEC-DOCUMENT>0000044545-98-000012.txt : 19980520
<SEC-HEADER>0000044545-98-000012.hdr.sgml : 19980520
ACCESSION NUMBER:		0000044545-98-000012
CONFORMED SUBMISSION TYPE:	35-CERT
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980519
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GULF POWER CO
		CENTRAL INDEX KEY:			0000044545
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				590276810
		STATE OF INCORPORATION:			ME
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		35-CERT
		SEC ACT:		
		SEC FILE NUMBER:	070-08947
		FILM NUMBER:		98627996

	BUSINESS ADDRESS:	
		STREET 1:		500 BAYFRONT PKWY
		CITY:			PENSACOLA
		STATE:			FL
		ZIP:			32501
		BUSINESS PHONE:		9044446111

	MAIL ADDRESS:	
		STREET 1:		500 BAYFRONT PARKWAY
		CITY:			PENSACOLA
		STATE:			FL
		ZIP:			32501
</SEC-HEADER>
<DOCUMENT>
<TYPE>35-CERT
<SEQUENCE>1
<DESCRIPTION>CERTIFICATE OF NOTIFICATION
<TEXT>

                  FOURTH BANK LOAN CERTIFICATE OF NOTIFICATION

                             (First Quarter - 1998)

                                    Filed by

                               GULF POWER COMPANY

Pursuant to order of the  Securities  and  Exchange  Commission  dated  
December 13, 1996 in the matter of File No. 70-8947.


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 first
quarter of 1998, GULF had:-

Short-term and/or term loan notes outstanding - $56,072,382;

Commercial 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: May 19, 1998                GULF POWER COMPANY

                                   By: /s/ Wayne Boston
                                        Wayne Boston, Assistant Secretary


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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