Summary of INDIANA MICHIGAN POWER CO

Item 8.01. Other Events

On January 15, 2009, Indiana Michigan Power Company (the "Company") entered into an Underwriting Agreement with Barclays Capital Inc., BNP Paribas Securities Corp., Credit Suisse Securities (USA) LLC (collectively, the "Underwriters"), as representatives of the underwriters named therein, relating to the offering and sale by the Company of $475,000,000 of its 7.00% Senior Notes Series I, due 2019 (the "Notes").

Item 9.01.        Financial Statements and Exhibits

(c)      Exhibits

1(a)     Underwriting Agreement, dated January 12, 2009, between the Company and
         the Underwriters, as representatives of the several underwriters named
         in Exhibit 1 thereto, in connection with the sale of the Notes.

4(a)     Company Order and Officer's Certificate, between the Company and The
         Bank of New York Mellon, as trustee, dated January 15, 2009,
         establishing the terms of the Notes.

4(b)     Form of the Notes (included in Exhibit 4(a) hereto).

5(a)     Opinion of Thomas G. Berkemeyer regarding the legality of the Notes.