ENTERGY CORP /DE/
U-9C-3, 1999-03-30
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, 1998
                                


                                
                                
                       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  captial    was issued    security   each security
  <S>       <C>       <C>        <C>      <C>          <C>          <C>         <C>
  None      N/A       N/A        N/A      N/A          N/A          N/A         N/A

</TABLE>
Company contributing   Company receiving      Amount of capital
      capital               capital             contribution
          
Entergy Corporation    Entergy Holdings,         $2,818,790
                      Inc., formerly known
                      as Entergy Business
                        Solutions, Inc.
                            ("EHI")*

* By amendment dated January 25, 1999 to its Certificate of
Incorporation, Entergy Business Solutions, Inc. changed its
corporate name to Entergy Holdings, Inc.

ITEM 3 - ASSOCIATE TRANSACTIONS
                                
Part I - Transactions Performed by Reporting Companies on Behalf
                     of Associated Companies
                                
Reporting   Associate                                              
 company     company   Types of  Direct   Indirect            Total 
rendering   receiving  services  costs     costs   Cost of    amount
services    services   rendered  charged  charged  catital    billed
    
  None         None      N/A      -0-       -0-      N/A       -0-
                                
                                
   Part II - Transactions Performed by Associated Companies on
                  Behalf of Reporting Companies
                                
<TABLE>
<CAPTION>
Associate    Reporting                                               
 company      company    Types of                 Indirect              Total
rendering    receiving   services   Direct costs   costs     Cost of    amount
 services     services   rendered      charges    charges    capital    billed
<S>          <C>        <C>           <C>          <C>          <C>   <C>
Entergy       Entergy   Professional  $3,519,663   $  -0-       N/A   $3,519,663*
Enterprises,  Power     services and 
Inc. (EEI)   Marketing  back office
                Corp.   support.                             
              ("EPMC")                               
                
EEI              EHI    Same as       $  557,986   $  -0-       N/A   $  557,986*
</TABLE>                                    
                                
*Includes Entergy Services, Inc. costs of $373,894 and $489,718
for services rendered indirectly through EEI to EPMC and EHI,
respectively.


ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
                                                               
Investments in energy-related companies:                       
  Total consolidated capitalization as of 
     December 31, 1998                         $14,574,635,000  Line 1
  Total capitalization multiplied by 15%    
     (line 1 multiplied by 0.15)                 2,186,195,250  Line 2
  Greater of $50 million or line 2               2,186,195,250  Line 3
                                                               
  Total current aggregate investment:                          
   Energy marketing and brokering (EPMC)           247,500,000
   Energy related technical and similar              7,818,790      
     services (EHI)
                                                --------------
      Total current aggregate investment*          255,318,790  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)     $1,930,876,460  Line 5
                                                ==============
                                                               
*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
                                
 Major line of       Other            Other         Reason for
energy-related   investment in    investment in   difference in
   business       last U-9C-3      this U-9C-3        other
                    report           report         investment

Energy            $2,500,000*      $2,500,000*         N/A
marketing and
brokering
(EPMC)

* 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
     1998 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/ Nathan E. Langston
                                        Nathan E. Langston
                                     Vice President and Chief
                                        Accounting Officer
                                 
                                                 
Dated:  March 30, 1999           



                 EXHIBIT - CERTIFICATE OF FILING
<TABLE>
<CAPTION>
     A conformed copy of Entergy Corporation's Form U-9C-3 for
the quarter ended September 30, 1998, excluding the information
contained in Item 6, part A which was filed confidentially under
Rule 104(b), was filed with the following:
<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                       1701 N. Congress
Jackson, MS  39215                         Austin, TX  78711

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/ Nathan E. Langston
                                        Nathan E. Langston
                                     Vice President and Chief
                                        Accounting Officer
                                 
                                                 
Dated:  March 30, 1999           




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