MONTANA POWER CO /MT/
424B3, 1994-11-02
ELECTRIC & OTHER SERVICES COMBINED
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     Pricing Supplement No. 10                     Filing under Rule 424(b)(3)
     Dated: October 31, 1994                       Registration No. 33-55816
     (To Prospectus, dated January 4, 1993, 
     as supplemented by Prospectus Supplement,
     dated January 5, 1993)

                                     $150,000,000
                              The Montana Power Company
                              Secured Medium-Term Notes

     Principal Amount ($): $10,000,000       Original Issue 
     Interest Rate (%): 7.85%                  Date: November 7, 1994
     Issue Price (%): 100%                   Maturity Date: November 9, 1998
                                             Interest Payment Dates:  May 1 and
                                                                      November 1
     Selling Agent's Commission (%): .45%    Initial Interest
     Purchasing Agent's Discount (%): N/A    Payment Date: May 1, 1995
     Net Proceeds to Company (%): 99.55%     Record Dates: April 15 and 
                                                           October 16
     Reallowance (%): N/A                    Redeemable:    Yes      No   X  
     Selling Concession (%): N/A                                ----     ----
     Form:                                   In Whole:      Yes      No   X  
       Book Entry (DTC)    X                                    ----     ----
                         -----               In Part:       Yes      No   X  
       Certificated                                             ----     ----
                    -----                    Initial Redemption Date: N/A
                                             Redemption Limitation Date: N/A

     Redemption prices (if any):  The Initial Redemption Price shall be N/A% of
                                                                        ---
     the principal amount of such Notes to be redeemed and shall decline on each
     anniversary of the  Initial Redemption  Date by a  Reduction Percentage of
     N/A% of the  principal amount to be redeemed until the redemption price 
     ---
     shall be 100% of such principal amount.

     Additional terms:   N/A

          N/A as used herein means "Not Applicable."

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          Prior to the date of this Pricing Supplement, the Company has sold
     $68,000,000 aggregate principal amount of the Secured Medium-Term Notes.

          Effective August  5, 1994, The Bank of New York, as Corporate Trustee,
     and W. T. Cunningham, as Individual Trustee, have succeeded Morgan Guaranty
     Trust Company of New York and P. J. Crowley, respectively, as Trustees
     under the Company's Mortgage and Deed of Trust, dated as of October 1,
     1945,  as amended and supplemented, pursuant to which the Secured Medium-
     Term Notes are being issued.

          THESE  SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
     SECURITIES AND EXCHANGE COMMISSION OR BY ANY STATE SECURITIES COMMISSION
     NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
     COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PRICING SUPPLEMENT.
     ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

                           Selling Agent/Purchasing Agent:

     (X) Goldman, Sachs & Co.  ( ) Lehman Brothers Inc. ( ) Morgan Stanley & Co.
                                                                   Incorporated
     



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