CEDAR COAL COMPANY
CENTRAL APPALACHIAN COAL COMPANY
SOUTHERN APPALACHIAN COAL COMPANY
(COLLECTIVELY, THE COAL SUBSIDIARIES)
ANNUAL REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT
RELEASE NO. 24429 FILE NO. 70-7414
BY MONTH, FOR THE YEAR ENDED DECEMBER 31, 1997
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THE COAL SUBSIDIARIES
STATEMENT OF DECLARATION AND PAYMENT OF
DIVIDENDS OUT OF PAID-IN CAPITAL SURPLUS
BY MONTH, FOR THE YEAR ENDED DECEMBER 31, 1997
($ IN THOUSANDS)
<CAPTION>
Month Central Southern
Dividends Cedar Appalachian Appalachian Total
Declared Coal Coal Coal Coal
and Paid Company Company Company Subsidiaries
<S> <C> <C> <C> <C>
January
February
March
April
May
June
July
August
September
October
November
December $ 605
Total
Current
Year $ - $ - $ 605 $ 605
Cumulative
Amount* $20,656 $5,847 $16,193 $42,696
<FN>
Note: In 1987, the Securities and Exchange Commission authorized
each of these Coal Subsidiaries to declare and pay dividends
periodically to its parent out of paid-in capital until the amount
of dividends in aggregate equaled $58.4 million, the aggregate
paid-in capital of the companies as of April 30, 1987.
*Amount of dividends declared and paid to its parent out of paid-
in capital since April 30, 1987.
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