Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CHAMPAGNE PAUL T
   2. Issuer Name and Ticker or Trading Symbol
PPL CORP [PPL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President of a PPL Subsidiary
(Last)
(First)
(Middle)
TWO N. NINTH STREET		 3. Date of Earliest Transaction (Month/Day/Year)
02/03/2005
(Street)

ALLENTOWN, PA 18101		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/03/2005   S   1,500 D $ 54.711 53,505.278 (1) D  
Common Stock 02/04/2005   F(2)   1,036 D $ 52.75 (2) 52,469.278 (1) D  
Common Stock 02/07/2005   M   13,333 A $ 33.49 65,802.278 (1) D  
Common Stock 02/07/2005   M   12,893 A $ 36.23 78,695.278 (1) D  
Common Stock 02/07/2005   M   12,297 A $ 45.18 90,992.278 (1) D  
Common Stock 02/07/2005   S   4,000 D $ 55.53 86,992.278 (1) D  
Common Stock 02/07/2005   S   9,500 D $ 55.54 77,492.278 (1) D  
Common Stock 02/07/2005   S   4,600 D $ 55.55 72,892.278 (1) D  
Common Stock 02/07/2005   S   800 D $ 55.56 72,092.278 (1) D  
Common Stock 02/07/2005   S   1,100 D $ 55.58 70,992.278 (1) D  
Common Stock 02/07/2005   S   4,700 D $ 55.64 66,292.278 (1) D  
Common Stock 02/07/2005   S   300 D $ 55.67 65,992.278 (1) D  
Common Stock 02/07/2005   S   4,800 D $ 55.72 61,192.278 (1) D  
Common Stock 02/07/2005   S   4,800 D $ 55.75 56,392.278 (1) D  
Common Stock 02/07/2005   S   300 D $ 55.77 56,092.278 (1) D  
Common Stock 02/07/2005   S   100 D $ 55.8 55,992.278 (1) D  
Common Stock 02/07/2005   S   2,900 D $ 55.81 53,092.278 (1) D  
Common Stock 02/07/2005   S   623 D $ 55.82 52,469.278 (1) D  
Common Stock               17.568 I Held in trust pursuant to the Employee Stock Ownership Plan.

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy) $ 33.49 02/07/2005   M   13,333     (3) 01/23/2012 Common Stock 13,333 $ 0 0 D  
Employee Stock Options (Right to Buy) $ 36.23 02/07/2005   M   12,893     (4) 01/22/2013 Common Stock 12,893 $ 0 12,893 D  
Employee Stock Options (Right to Buy) $ 45.18 02/07/2005   M   12,297     (5) 01/21/2014 Common Stock 12,297 $ 0 24,593 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CHAMPAGNE PAUL T
TWO N. NINTH STREET
ALLENTOWN, PA 18101		       President of a PPL Subsidiary  

Signatures

 /s/Thomas D. Salus, as Attorney-In-Fact for Paul T. Champagne   02/07/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Total includes reinvestment of dividends under Dividend Reinvestment Plan.
(2) Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Incentive Compensation Plan (ICP). Fair market value on vesting date was $52.75.
(3) The total grant of 40,000 options vested in three installments: 13,334 on 01/24/2003, 13,333 on 01/24/2004 and 13,333 on 01/24/2005.
(4) The total grant of 38,680 options vests in three installments: 12,894 on 01/24/2004, 12,893 on 01/24/2005 and 12,893 on 01/24/2006.
(5) The total grant of 36,890 options vests in three installments: 12,297 on 01/22/2005, 12,296 on 01/22/2006 and 12,297 on 01/22/2007.

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