SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)         February 10, 2004
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                              ALABAMA POWER COMPANY
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              (Exact name of registrant as specified in its charter)

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     Alabama                       1-3164                        63-0004250
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  (State or other jurisdiction   (Commission File  (IRS Employer Identification
        of incorporation)            Number)          No.)


          600 North 18th Street, Birmingham, Alabama                 35291
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           (Address of principal executive offices)               (Zip Code)


Registrant's telephone number, including area code           (205) 257-1000
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                                       N/A
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         (Former name or former address, if changed since last report.)






2

Item 5.     Other Events.
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            On February 10, 2004, Alabama Power Company (the "Company")
entered into an Underwriting Agreement covering the issue and sale by the
Company of $200,000,000 aggregate principal amount of its Series Z 5.125% Senior
Notes due February 15, 2019 (the "Series Z Senior Notes"). Said notes were
registered under the Securities Act of 1933, as amended (the "Securities Act"),
pursuant to the shelf registration statement (Registration Nos. 333-110950,
333-110950-01, 333-110950-02 and 333-110950-03) of the Company.


Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.
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            (c) Exhibits.

                1.1      Underwriting Agreement, dated February 10, 2004
                         relating to the Series Z Senior Notes among the
                         Company and Barclays Capital Inc. and Wachovia
                         Capital Markets, LLC as representatives of the
                         several underwriters named in Schedule I to the
                         Underwriting Agreement.

                4.2      Twenty-Sixth Supplemental Indenture to Senior Note
                         Indenture dated as of February 17, 2004, providing
                         for the issuance of the Series Z Senior Notes.

                4.7      Form of Series Z Senior Note (included in Exhibit 4.2
                         above).

                5.1      Opinion of Balch & Bingham LLP relating to the Series
                         Z Senior Notes.

               12.1      Computation of ratio of earnings to fixed charges.








                                    SIGNATURE

                Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

Date:     February 17, 2004              ALABAMA POWER COMPANY



                                         By /s/Wayne Boston
                                               Wayne Boston
                                              Assistant Secretary