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## SUMMARY ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION 

INTRODUCTION: This condensed financial presentation should not be consid- ered a substitute for the full financial statements, inclusive of footnotes and Management’s Financial Discussion and Analysis of Results of Operations, pro- vided to all shareholders as Appendix A to the Proxy Statement and included in the annual Form 10-K filing with the Securities and Exchange Commission. A copy of the Form 10-K and/or Appendix A to the Proxy Statement that includes the full financial statements can be obtained by calling 1-800-551-1AEP or through the Internet at www.AEP.com. 

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