FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
W	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
W	Form 3 Holdings Reported
W	Form 4 Transactions Reported

1. Name and Address of Reporting Person McGrath, Robert L.

2. Issuer Name and Ticker or Trading Symbol FPL Group, Inc. (FPL)

6. Relationship of Reporting Person(s) to Issuer                   (Check all applicable)

Director

10% Owner

Officer (give title below)

X

Other (specify below)

(Last)        (First)       (Middle) FPL Group, Inc. 700 Universe Boulevard

3. I.R.S. Identification Number of     Reporting Person, if an entity     (Voluntary)

4. Statement for Month/Year December 31, 2002

(1)

7. Individual or Joint/Group Reporting (Check Applicable Line)

(Street) Juno Beach, FL 33408

5. If Amendment, Date of     Original (Month/Year)

X

Form filed by One Reporting Person

(City)          (State)      (Zip)

Form filed by More than One Reporting Person

Table I ¾ Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security

2. Transaction     Date (Month/ Day/ Year)

2A. Deemed Execution Date, if any (Month/ Day/ Year)

3. Transaction Code

4. Securities Acquired (A)     or Disposed of (D)

5. Amount of     Securities     Beneficially     Owned at     End of     Issuer's     Fiscal Year

6.Ownership     Form:     Direct     (D) or     Indirect     (I)

7.Nature of     Indirect     Beneficial     Ownership

Amount

A or D

Price

Common Stock

- -

- -

- -

- -

- -

- -

1,962.2317

I

By Thrift Plans Trust

Common Stock

(2)

- -

J

5.038

A

(2)

Common Stock

2/11/02

- -

A  (3)

543

A

- -

Common Stock

2/11/02

- -

F  (4)

217

D

$51.75

369.961

D

FORM 5 (continued)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned  (e.g., puts, calls, warrants, options, convertible securities)

1. Title of     Derivative     Security

2. Conversion     or Exercise     Price of     Derivative     Security

3. Trans-     action     Date (Month/ Day/ Year)

3A. Deemed Execu- tion Date, if any (Month/ Day/ Year

4. Trans- action Code

5. Number of     Derivative     Securities     Acquired (A)     or Disposed     of (D)

6. Date Exercisable     and Expiration Date     (Month/Day/Year)

7. Title and Amount     of Underlying     Securities

8. Price of     Derivative     Security

9. Number of     Derivative     Securities     Beneficially     Owned at     End of     Year

10. Ownership      of      Derivative      Security:      Direct (D)      or Indirect      (I)

11. Nature of       Indirect       Beneficial       Ownership

A

D

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Phantom Shares

_ _

_ _

_ _

_ _

_ _

_ _

_ _

_ _

_ _

_ _

_ _

31 (5)

D

Employee Stock Option (Right to Buy)

$52.64

2/11/02

_ _

A

7,500

(6)

2/11/12

Common Stock

7,500

7,500

D

Explanation of Responses:

⁽¹⁾Senior Vice President of Engineering and Construction of Florida Power & Light Company (subsidiary of Issuer).

⁽²⁾Reinvestment of dividends under FPL Group, Inc. Dividend Reinvestment and Common Share Purchase Plan from 1/01/02 to 12/31/02 at prices ranging from $46.30 to $64.91, exempt under Rule 16a-11.

⁽³⁾Acquired in settlement of performance share awards (which were not derivative securities) under Amended and Restated Long Term Incentive Plan of Issuer, exempt under Rule 16b-3.

⁽⁴⁾Shares of stock withheld by Issuer to satisfy tax withholding obligation on shares acquired on February 11, 2002 in settlement of performance share awards.

⁽⁵⁾Phantom shares credited to a Supplemental Matching Contribution Account for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan. Phantom shares represent the number of phantom shares of FPL Group, Inc. Common Stock credited to the reporting person if the phantom shares had been invested in FPL Group's company stock fund in its Thrift Plan to date. Includes cash dividends that would be payable on the phantom shares if the reporting person was the record holder of the number of shares of FPL Group, Inc. Common Stock equal to the phantom shares. This filing is not an admission that the phantom shares are derivative securities.

⁽⁶⁾The Option shall vest as to 2,500 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant.

DENNIS P. COYLE		January 27, 2003
Signature of Reporting Person	Date