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 25, 1998
                                
                                
Commission  Registrant, State of Incorporation,  I.R.S.
File Number Address and Telephone Number         Employer
                                                 Identification No.
                                               
1-11299     ENTERGY CORPORATION                  72-1229752
            (a Delaware corporation)
            639 Loyola Avenue
            New Orleans, Louisiana 70113
            Telephone (504) 529-5262
            
                               

                                
Item 5.   Other Events
                                

      Entergy Corporation has accepted an offer of A$1.7  billion

from  U.S.-based  AEP  Resources Inc., a subsidiary  of  American

Electric   Power   (NYSE:AEP)   for   Citipower,   the   electric

distribution  company  in  Melbourne,  Australia.   The  sale  is

expected  to  close  at year-end.  Entergy  bought  CitiPower  in

January 1996 for A$1.575 billion.

          
     After the effects of currency exchange and interest rate

differences, Entergy expects to recognize a gain on the sale of

approximately 12 cents on earnings per share.  This gain is

subject to various purchase adjustments, which will be finalized

at or near the time of closing.


     Entergy initially indicated the divestments would be

accomplished within an 18-month period, but significant interest

in the properties has advanced that schedule.


     Entergy expects to realize about $4 billion from all

divestments.  Of the total, about $2.5 billion will be allocated

to eliminating acquisition debt, about $0.5 billion will go

toward reducing Entergy parent-company debt, and about $1 billion

will be used to either fund future growth or for debt reduction.


     The divestment of CitiPower is part of Entergy's business

strategy, announced in August, to refocus its resources on fewer

core competency growth areas.  The divestitures will allow

Entergy to continue to pursue the three core competency

businesses identified in August, international power development,

power marketing and trading, and nuclear power operations.

     
                                


                            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/ Wayne Leonard
                                 __________________________
                                   Wayne Leonard
                              President and Chief Operating Officer
                                
November 25, 1998