MONTANA POWER CO /MT/
424B3, 1994-01-13
ELECTRIC & OTHER SERVICES COMBINED
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Pricing Supplement No. 7                          Filing under Rule 424(b)(3)
Dated: January 11, 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 ($): $5,000,000        Original Issue Date: January 19, 1994
Interest Rate (%): 7.25%                Maturity Date: January 19, 2024
Issue Price (%): 100%                   Interest Payment Dates: May 1 and
                                          November 1
Selling Agent's Commission (%): .75%    Initial Interest Payment Date: May 1,
                                          1994
Purchasing Agent's Discount (%): N/A    Record Dates: April 15 and October 16
Net Proceeds to Company (%): 99.25%     Redeemable:    Yes  X    No      
                                                           ----     -----
Reallowance (%): N/A                    In Whole: Yes  X    No      
                                                      ----     -----
Selling Concession (%): N/A             In Part:  Yes  X    No      
                                                      ----     -----
Form:                                   Initial Redemption Date: January 19,
                                          2004
Book Entry (DTC)   X                    Redemption Limitation Date: N/A
                 -----
  Certificated _______

Redemption prices (if any):  The Initial Redemption Price shall be 103.6250%
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
.3625% of the principal amount to be redeemed until the redemption price
shall be 100% of such principal amount.

Additional terms:   N/A

__________________________________________________________________________

     Prior to the date of this Pricing Supplement, the Company has sold
$43,000,000 aggregate principal amount of the Secured Medium-Term Notes.

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

     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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