FILE NO.
070-06759

APPALACHIAN POWER COMPANY
PUTNAM COAL TERMINAL
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23272
BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2004

CONTENTS
	Exhibit
Statements of Transfer Fees Charged	1
Summary of Costs Incurred	2

Exhibit 1

APPALACHIAN POWER COMPANY
PUTNAM COAL TERMINAL
STATEMENTS OF TRANSFER FEES CHARGED
BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2004
	January 2004				February 2004				March 2004
	Tons	Fee		Amount	Tons	Fee		Amount	Tons	Fee		Amount
		(per ton)		(000)		(per ton)		(000)		(per ton)		(000)
TRANSFER FEES CHARGED*			None				None				None

* Transfer fees reported are limited to coal transfer services billings to affiliates or investment equalization charges to Ohio Power Company as applicable. There were no transfer services performed for affiliates during the quarter ended March 31, 2004. Costs incurred when the terminal is not utilized are charged as a cost of operating the Amos Plant.

Exhibit 2

APPALACHIAN POWER COMPANY
PUTNAM COAL TERMINAL
SUMMARY OF COSTS INCURRED
BY MONTH, FOR THE QUARTER ENDED MARCH 31, 2004
	January 2004	February 2004	March 2004	Three Months Ended 3/31/04
	(in thousands)
Salaries and Benefits	$4	$1	$-	$5
Depreciation	73	73	72	218
Taxes Other Than Income Taxes*	15	15	16	46
Materials and Supplies	4	-	23	27
Electricity	8	5	3	16
Other	-	12	-	12
Total	$104	$106	$114	$324

*    Excludes FICA, Federal Unemployment and State Unemployment taxes. These costs are reflected in salaries and benefits.