<PAGE> File No. 70-8439
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
AMENDMENT NO. 1
TO
FORM U-1
_______________________________
APPLICATION OR DECLARATION
under the
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
* * *
INDIANA MICHIGAN POWER COMPANY
One Summit Square, P.O. Box 60, Fort Wayne, Indiana 46801
(Name of company filing this statement and
addresses of principal executive offices)
* * *
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
(Name of top registered holding company
parent of each applicant or declarant)
* * *
G. P. Maloney, Executive Vice President
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
A. Joseph Dowd, General Counsel
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
(Names and addresses of agents for service)
The undersigned Indiana Michigan Power Company hereby amends
its Application or Declaration on From U-1 in File No. 70-8349 by
amending and restating the first paragraph of ITEM 1. DESCRIPTION
OF PROPOSED TRANSACTION as follows:
"Indiana Michigan Power Company ('I&M') requests
authorization through December 31, 1996 to acquire a
promissory note from Steel Dynamics, Inc. ('SDI'), an
Indiana corporation, which is constructing a new steel
manufacturing facility in I&M's service territory. The
note will evidence a loan by I&M to SDI in an amount up
to $15,000,000, which will be used by SDI to construct a
345 kv-34.5 kv substation in order for I&M to supply
electric service to SDI's manufacturing facility. The
substation is being built solely to meet SDI's own power
needs."
SIGNATURE
Pursuant to the requirements of the Public Utility
Holding Company Act of 1935, the undersigned company has duly
caused this statement to be signed on their behalf by the under-
signed thereunto duly authorized.
INDIANA MICHIGAN POWER COMPANY
By_/s/ G. P. Maloney_____
Vice President
Dated: August 11, 1994
imfinan.94\amend#1.u-1
