content: 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:  February 3, 2000
         Date of Event (or earliest event) being
                 reported: February 3, 2000
  
                  IPALCO ENTERPRISES, INC.
   (Exact name of registrant as specified in its charter)
  
  
          Indiana            1-8644            35-1575582
  (State or other         (Commission          (IRS Employer
  jurisdiction of         File Number)         Identification No.)
  incorporation)
  
      One Monument Circle, Indianapolis, Indiana  46204
    (Address of principal executive offices)  (Zip Code)
  
  
     Registrant's telephone number, including area code:
                       (317) 261-8261
  
  Item 5.  Other Event
  
       IPALCO Enterprises, Inc. announced the sale by Mid-
  America Capital Resources, Inc. of 500,000 shares of its
  investment in Internet Capital Group, Inc. as disclosed
  in the following press release:
  
  Media Contact:      Marni Lemons (317) 261-8219
                      e-mail:   mlemons@ipalco.com
  Investor Contact:   Daniel L. Short (317) 261-5154
                      e-mail:   dshort@ipalco.com
  
  
    IPALCO Announces Partial Sale of ICGE Stock Holdings
  
  
  Indianapolis, IN, February 3, 2000 -- IPALCO Enterprises,
  Inc., (NYSE:IPL), the parent company of Indianapolis
  Power & Light Company and Mid-America Capital Resources,
  Inc., today announced the sale of 500,000 shares of
  Internet Capital Group, Inc. (Nasdaq:ICGE), representing
  a portion of Mid-America's interest in ICGE. The stock
  sold at an average price of $112.73 per share.
  
  Prior to the sale, Mid-America held 1,030,600 shares of
  ICGE, an internet holding company, at a cost of $1.2
  million.
  
  "Our plan is to use substantially all the after-tax
  proceeds from this sale of stock to retire a portion of
  IPALCO's outstanding unsecured debt," said John R.
  Hodowal, IPALCO Chairman and President. "As to the
  remainder of our stock holdings in ICGE, we will continue
  to monitor market conditions."
  
  Hodowal said the ICGE transaction was one element of the
  overall investment strategy of IPALCO's non-regulated
  subsidiary, Mid-America Capital Resources, which recently
  announced its investment of $15 million in EnerTech
  Capital Partners II L.P., a venture capital fund
  affiliated with Safeguard Scientifics, Inc.
  
  IPALCO Enterprises, Inc. is a multi-state energy company
  providing a variety of energy products and services. Its
  primary subsidiary, Indianapolis Power & Light Company,
  provides retail electric service to approximately 430,000
  commercial, residential, and industrial customers in
  Indianapolis and portions of other Central Indiana
  counties.
  
  News releases and other information about IPALCO can be
  found on the World Wide Web at www.ipalco.com.
  
                            (end)
  
                          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.
  
  
  Dated: February 3, 2000
  
                           IPALCO ENTERPRISES, INC.
  
  
  
                           By /s/ John R. Brehm
                              Name:     John R. Brehm
                              Title:    Vice President
                                        and Treasurer
metadata_documents: [{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 3551}]
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text: 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:  February 3, 2000
         Date of Event (or earliest event) being
                 reported: February 3, 2000
  
                  IPALCO ENTERPRISES, INC.
   (Exact name of registrant as specified in its charter)
  
          Indiana            1-8644            35-1575582
  (State or other         (Commission          (IRS Employer
  jurisdiction of         File Number)         Identification No.)
  incorporation)
  
      One Monument Circle, Indianapolis, Indiana  46204
    (Address of principal executive offices)  (Zip Code)
  
     Registrant's telephone number, including area code:
                       (317) 261-8261
  
  Item 5.  Other Event
  
       IPALCO Enterprises, Inc. announced the sale by Mid-
  America Capital Resources, Inc. of 500,000 shares of its
  investment in Internet Capital Group, Inc. as disclosed
  in the following press release:
  
  Media Contact:      Marni Lemons (317) 261-8219
                      e-mail:   mlemons@ipalco.com
  Investor Contact:   Daniel L. Short (317) 261-5154
                      e-mail:   dshort@ipalco.com
  
    IPALCO Announces Partial Sale of ICGE Stock Holdings
  
  Indianapolis, IN, February 3, 2000 -- IPALCO Enterprises,
  Inc., (NYSE:IPL), the parent company of Indianapolis
  Power & Light Company and Mid-America Capital Resources,
  Inc., today announced the sale of 500,000 shares of
  Internet Capital Group, Inc. (Nasdaq:ICGE), representing
  a portion of Mid-America's interest in ICGE. The stock
  sold at an average price of $112.73 per share.
  
  Prior to the sale, Mid-America held 1,030,600 shares of
  ICGE, an internet holding company, at a cost of $1.2
  million.
  
  "Our plan is to use substantially all the after-tax
  proceeds from this sale of stock to retire a portion of
  IPALCO's outstanding unsecured debt," said John R.
  Hodowal, IPALCO Chairman and President. "As to the
  remainder of our stock holdings in ICGE, we will continue
  to monitor market conditions."
  
  Hodowal said the ICGE transaction was one element of the
  overall investment strategy of IPALCO's non-regulated
  subsidiary, Mid-America Capital Resources, which recently
  announced its investment of $15 million in EnerTech
  Capital Partners II L.P., a venture capital fund
  affiliated with Safeguard Scientifics, Inc.
  
  IPALCO Enterprises, Inc. is a multi-state energy company
  providing a variety of energy products and services. Its
  primary subsidiary, Indianapolis Power & Light Company,
  provides retail electric service to approximately 430,000
  commercial, residential, and industrial customers in
  Indianapolis and portions of other Central Indiana
  counties.
  
  News releases and other information about IPALCO can be
  found on the World Wide Web at www.ipalco.com.
  
                            (end)
  
                          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.
  
  Dated: February 3, 2000
  
                           IPALCO ENTERPRISES, INC.
  
                           By /s/ John R. Brehm
                              Name:     John R. Brehm
                              Title:    Vice President
                                        and Treasurer