ENTERGY CORP /DE/
U-9C-3, 1998-03-31
ELECTRIC SERVICES
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                          UNITED STATES
                                
               SECURITIES AND EXCHANGE COMMISSION
                                
                     Washington, D.C. 20549
                                
                                
                                
                                
                                
                           FORM U-9C-3
                                
                                
                                
              QUARTERLY REPORT PURSUANT TO RULE 58
                                
        For the Quarterly Period Ended December 31, 1997
                                


                                
                                
                       ENTERGY CORPORATION
                    (a Delaware corporation)
                        639 Loyola Avenue
                  New Orleans, Louisiana 70113
                    Telephone (504) 529-5262
_________________________________________________________________
  (Name of registered holding company and address of principal
                       executive offices)
                                
<PAGE>

ITEM 1 - ORGANIZATION CHART

     N/A for the fourth calendar quarter of the fiscal year.

ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
<TABLE>
<CAPTION>
  Company    Type of   Principal                       Person to    Collateral  Consideration
  issuing    security  amount of  Issue or Cost of   whom security  given with  received for
 security     issued   security   renewal  capital    was issued     security   each security
                                                                                      
  <S>         <C>        <C>       <C>       <C>        <C>            <C>       <C>
  Entergy     Common     3,000     Issue     N/A        Entergy        N/A       $500,000 or
 Holdings,    stock      shares                        Corporation                   $167
 Inc.(EHI)                                                                        per share
</TABLE>
<TABLE>
<CAPTION)
Company contributing capital    Company receiving capital    Amount of capital contribution
     <S>                         <C>                                  <C>
     Entergy Corporation         Entergy Power Marketing              $70,000,000
                                       Corp.(EPMC)
</TABLE>
ITEM 3 - ASSOCIATE TRANSACTIONS
                                
Part I - Transactions Performed by Reporting Companies on Behalf
                     of Associated Companies
<TABLE>                                
<CAPTION>
 Reporting    Associate                                                     
  company      company    Types of     Direct     Indirect              Total
 rendering    receiving   services      costs      costs     Cost of    amount
 services     services    rendered     charged    charged    capital    billed
                                       
   <S>          <C>          <C>         <C>         <C>        <C>        <C>
   None         None         N/A         -0-         -0-        N/A        -0-
</TABLE>                        
                                
   Part II - Transactions Performed by Associated Companies on
                  Behalf of Reporting Companies
<TABLE>                         
<CAPTION>
 Associate     Reporting                                                         
  company       company      Types of                  Indirect            Total amount
 rendering     receiving     services    Direct costs   costs    Cost of      billed
  services     services      rendered      charged     charged   capital
  <S>            <C>       <C>           <C>            <C>        <C>     <C>
  Entergy        EPMC      Professional  $  3,197,000   $  -0-     N/A     $3,197,000*
Enterprises,               services and                                    
 Inc.(EEI)                 back office                                     
                           support.                                        
                                                                           
    EEI           EHI      Same as       $    239,341   $  -0-     N/A     $  239,341*
                           above.                                                      
</TABLE>                        
*Includes Entergy Services, Inc. costs of $319,482 and $239,341
for services rendered indirectly through EEI to EPMC and EHI,
respectively.

ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
<TABLE>                                                                                           
<CAPTION>                                                                                      
<S>                                                                         <C>                <C>
Investments in energy-related companies:                                                          
  Total consolidated capitalization as of December 31, 1997                 $16,950,301,000    Line 1
  Total capitalization multiplied by 15% (line 1 multiplied by 0.15)          2,542,545,150    Line 2
  Greater of $50 million or line 2                                            2,542,545,150    Line 3
                                                                                                  
  Total current aggregate investment:                                                             
   Energy marketing and brokering (EPMC)                                         97,500,000       
   Energy related technical and similar services (EHI)                              500,000       
                                                                            ---------------
      Total current aggregate investment*                                        98,000,000    Line 4
                                                                            ---------------
Difference between the greater of $50 million or 15% of capitalization                            
and the total aggregate investment of the registered holding company                              
system (line 3 less line 4)                                                  $2,444,545,150    Line 5
                                                                            ===============
</TABLE>                                 
*Excludes other investments of $2,500,000 included under Item 5
that are excluded from the calculation of "Aggregate Investment"
under rule 58.

ITEM 5 - OTHER INVESTMENTS
<TABLE>
<CAPTION>
                                
   Major line of                                                      Reason for
  energy-related     Other investment in    Other investment in   difference in other
     business         last U-9C-3 report    this U-9C-3 report        investment
<S>                      <C>                    <C>                       <C>
Energy marketing         $2,500,000*            $2,500,000*               N/A
and brokering
(EPMC)
</TABLE>

* EPMC  received  an  order  from the Federal  Energy  Regulatory
  Commission  on October 12, 1995 determining that  EPMC  was  an
  exempt  wholesale generator under Section 32 of  the  Act.   On
  July  29, 1996, EPMC issued and sold 250 shares of common stock
  to   Entergy  Corporation  for  $2,500,000  pursuant   to   the
  financing  exemption set forth in Section  32.   EPMC  withdrew
  its exempt wholesale generator status on March 24, 1997.

ITEM 6 - FINANCIAL STATEMENTS AND EXHIBITS

A. Financial Statements

     N/A for the fourth calendar quarter of the fiscal year.

B. Exhibits

     Certificate of filing of Form U-9C-3 for the 3rd Quarter of
     1997 with interested state commissions and municipal
     regulator.

<PAGE>                          

                            SIGNATURE
                                
                                
           Pursuant  to  the requirements of the  Public  Utility
Holding Company Act of 1935, the registrant has duly caused  this
report  to  be  signed on its behalf by the undersigned  hereunto
duly authorized.

                                 Entergy Corporation
                                 
                                 
                                 
                                 By:       /s/ Louis E. Buck
                                            Louis E. Buck
                                   Vice President, Chief Accounting
                                   Officer and Assistant Secretary
                                 
                                                   
Dated:  March 30, 1998           




                 EXHIBIT - CERTIFICATE OF FILING

     A conformed copy of Entergy Corporation's Form U-9C-3 for
the quarter ended September 30, 1997 was filed with the
following:

<TABLE>
<CAPTION>
<S>                                       <C>
Mary W. Cochran, Esq.                     Norma K. Scogin, Esq.
Arkansas Public Service Commission        Texas Attorney General's Office
1000 Center Street                        300 West 15th Street/10th Floor
Little Rock, AR  72201                    Austin, TX  78701

Lawrence C. St. Blanc, Secretary          Sherry A. Quirk, Esq.
Louisiana Public Service Commission       Verner, Liipfert, Bernhard,
Post Office Box 91154                     McPherson and Hand
Baton Rouge, LA 70821-9154                901 15th Street, NW / Suite 700
                                          Washington, DC  20005-2301

William Bruce McKinley, Esq.              Frank Spencer, Esq.
Mississippi Public Service Commission     Assistant Attorney General
Walter Sillers State Office Building      Mississippi Attorney
550 High Street / 19th Floor              General's Office
Jackson, MS  39215                        Post Office Box 22947
                                          Jackson, MS  39225

George W. Fleming, Esq.                   Mr. James Galloway, Filing Clerk
Mississippi Public Utilities Staff        Central Records - PUCT
Post Office Box 1174                      7800 Shoal Creek Boulevard
Jackson, MS  39215                        Suite 400N
                                          Austin, TX  78757

Ms. Jacquelyn M. Frick, Director          Hon. Emma J. Williams, Clerk of Council
City Council Utilities Regulatory Office  City of New Orleans
Room 6E07, City Hall                      Room 1E04, City Hall
1300 Perdido Street                       1300 Perdido Street
New Orleans, LA 70112                     New Orleans, LA 70112

</TABLE>


                                 Entergy Corporation
                                 
                                 
                                 
                                 By:       /s/ Louis E. Buck
                                             Louis E. Buck
                                   Vice President, Chief Accounting
                                    Officer and Assistant Secretary
                                 
                                                   
Dated:  March 30, 1998           





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