SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C.  20549
                                
                            FORM 8-K
                                
                         CURRENT REPORT
                                
             Pursuant to Section 13 or 15(d) of the
                 Securities Exchange Act of 1934
                                
                                
 Date of Report (Date earliest event reported) November 30, 1998
                                
                                
Commission   Registrant, State of Incorporation,     I.R.S. Employer
File Number  Address and Telephone Number            Identification No.

1-11299      ENTERGY CORPORATION                     72-1229752
             (a Delaware corporation)                
             639 Loyola Avenue                       
             New Orleans, Louisiana 70113            
             Telephone (504) 529-5262                
                                                     
333-33331    ENTERGY LONDON INVESTMENTS, PLC         N/A
             (a limited company under the laws of
             England and Wales)
             Templar House
             81-87 High Holborn
             London WC1V 6NU England
             Telephone 011-44-171-242-9050
             
                                
                                
Item 5.   Other Events
                                
   Entergy Corporation ("Entergy") today announced that it has

agreed to sell London Electricity, the regional electric

distribution company in London, England, to Electricite' de

France (EdF), France's national electrical utility, for $3.185

billion.

   Entergy expects to realize approximately $1.00 in earnings

per share as a result of the gain on the sale, after fully

reserving for any potential future charges.  The gain will not be

subject to any final sale price adjustments.  The net cash

proceeds from the transaction will be approximately $860 million

after the liquidation of outstanding acquisition-related debt.

     Entergy announced in early August that it would sell London

Electricity following an intensive strategic review and

subsequent decision by Entergy's Board of Directors to refocus

its business and strengthen its financial integrity.  As part of

this strategy, Entergy also announced that it would dedicate its

resources to growth opportunities relating to the company's core

competencies: international power development; nuclear power

operations; power marketing and trading and related power

generation.  Entergy is also reemphasizing efficiencies and

improving customer service in its four-state domestic electric

utility business.

   The sale of London Electricity marks the third step in the

divestiture program.  Efficient Solutions, Inc. was sold in

September, and a contract to sell CitiPower was signed on

November 23, 1998.

    Business segments that remain to be divested are Entergy

Security, the largest security monitoring company in the

Southeast with 200,000 customers, and portions of Entergy's

telecommunications interests.

       Entergy will remain focused on completing the final

divestitures, and then consider the deployment of proceeds after

evaluating the company's overall financial position and strategic

investment plan.  Entergy will continue to place financial

integrity as the number one priority.

    Entergy will remain active in Europe, focusing efforts on

growing the company's power development business, which includes

two merchant power plants now under construction in the United

Kingdom.  Entergy is a U.S.-based global energy company

headquartered in New Orleans, with power production, distribution

operations and related diversified services.  Entergy owns,

manages or invests in power plants generating nearly 30,000

megawatts of electricity domestically and internationally.

Entergy distributes energy to more than 2.5 million customers in

the U.S.

               Entergy Corporation's on-line address is

                     http://www.entergy.com

        *   *    *    *    *    *    *    *    *    *    *

  The foregoing includes forward looking statements, estimates

and projections.  Actual events and results may, for a variety of

reasons, prove to be materially different from those indicated in

these forward looking statements, estimates and projections.

Factors that could influence actual future outcomes include the

effects of changes in law, regulatory decisions, the evolution of

competition, changes in accounting, weather, the performance of

generating units, fuel prices and availability, financial

markets, risks associated with businesses conducted in foreign

countries, and changes in Entergy's business plans, among other

factors.

                                

                            SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act

of 1934, the registrant has duly caused this report to be signed

on its behalf by the undersigned hereunto duly authorized.




                              ENTERGY CORPORATION


                              By:    /s/ Nathan E. Langston
                                   Nathan E. Langston
                                   Vice President and Chief
                                   Accounting Officer


                              ENTERGY LONDON INVESTMENTS PLC


                              By:    /s/ Nathan E. Langston
                                   Nathan E. Langston
                                   Director and Treasurer

Date: December 1, 1998