On December 22, 1997, Central and South West Corporation announced a definitive
merger agreement for a tax-free, stock-for-stock transaction with American Electric
Power Company, Inc.
On June 15, 2000 the merger between AEP & CSW took effect. For every 1 share
of CSW stock, the CSW shareholder received .6 shares of AEP; for example, 100 shares
of CSW stock would equate to 60 shares of AEP stock. On the day of the merger, AEP
closed at $35 per share and CSW closed at $20.9375.
A note for AEP shareowners who formerly owned Central and South West Corporation
common stock: If you have questions about your account, please call the company's
transfer agent, Computershare, at 1-800-328-6955.