Shareholder Information

Transfer Agent
SCS Stockholder Services is Southern Company’s transfer agent, dividend paying agent, investment plan administrator, and registrar. If you have questions concerning your Southern Company stockholder account, please contact:

SCS Stockholder Services
P.O. Box 54250
Atlanta, GA 30308-0250

Stockholder Services’ Web site www.southerncompany.com provides transfer instructions, service request forms, and frequently asked questions and answers. You may also call the Stockholder Information Line at (800) 554-7626. Representatives are available Monday through Friday, 9 a.m. to 5 p.m. Eastern Time.

Southern Investment Plan
Southern Investment Plan (SIP) provides current Southern Company shareholders with a convenient and economical way to increase their holdings. SIP also enables investors who are not currently shareholders to purchase common stock directly through the plan. Access www.southerncompany.com to review the Prospectus and Enrollment Form.

Dividend Payments
The entire amount of dividends paid during 2000 is taxable as ordinary income. The board of directors sets the record and payment dates for quarterly dividends. A dividend of 33.5 cents was paid in March 2001. For the remainder of 2001, projected record dates are May 7, Aug. 6, and Nov. 5. Projected payment dates for dividends declared during the remainder of 2001 are: June 6, Sept. 6, and Dec. 6.

Environmental Information
Information about what Southern Company is doing to improve the environment is available at our environmental Internet site: www.southerncompany.com/site/planetpower. Or by writing to:

Dr. Charles H. Goodman
Senior Vice President, Research and Environmental Affairs
600 North 18th Street
P.O. Box 2641
Birmingham, AL 35203-2206

Common Stock
The common stock of Southern Company is listed and traded on the New York Stock Exchange. In addition, the stock is traded on regional exchanges across the United States. The ticker symbol for Southern Company stock is SO, and the symbol SouthCo is used in newspaper stock listings.

Auditors
Arthur Anderson LLP
133 Peachtree Street, N.E.
Atlanta, GA 30303

Investor Information Line
For recorded information about earnings and dividends, stock quotes, and current news releases, call toll-free (866) 762-6411.

Institutional Investor Inquiries
Southern Company maintains an investor relations office in Atlanta, (404) 506-5195, to meet the information needs of institutional investors and security analysts.

Eliminate Duplicate Mailings
If you are a stockholder of record and receive multiple copies of the annual report and proxy statement, or wish to access these documents electronically in the future, you may authorize Southern Company to suspend future mailings of these documents to a specific account. To do so, consent when you vote your proxy or check the box on the dividend check stub or investment plan statement and mail it to SCS Stockholder Services.

Glossary

Competitive generation business – linking assets with trading and marketing to provide energy to wholesale customers who can choose their suppliers based on price, reliability, capacity, and other market needs.

Earnings as reported – total net income, including items – such as gains on asset sales, write-downs of assets and work force reductions – not related to normal day-to-day business activities.

Earnings from operations – net income, excluding items – such as gains on asset sales, write-downs of assets and work force reductions – not related to normal day-to-day business activities.

Earnings per share – total net earnings divided by the average number of shares of common stock outstanding.

Energy trading and marketing – the buying and selling of energy according to market needs without the restriction of defined service areas.

Generating capacity – the amount of energy we can produce using all of our power generation facilities.

Independent power producer – builds and/or owns and operates generating facilities without any geographic or service area restrictions or relationships to traditional regulated utilities.

Payout ratio – the percentage of earnings that is paid to shareholders in the form of dividends.

Regulated business – the part of our business that generates, transmits and distributes electricity to commercial, industrial, and residential customers in most of Alabama and Georgia, the Florida panhandle, and southeastern Mississippi.

Retail markets – markets in which energy is directly sold and delivered to the ultimate end users of that energy.

Super Southeast – the nation’s fastest-growing energy market, including the four states of our tradional Southeast service area as well as surrounding states. The region we know best.

Wholesale customers – energy marketers, electric and gas utilities, municipal utilities, industrials, other energy producers and generators, national companies, and other large energy users.

Wholesale markets – markets in which relatively large amounts of energy are sold to customers who may then sell it in retail markets or – in the case of large industrial customers – use it.

Southern Company
270 Peachtree Street, N.W.
Atlanta, GA 30303
(404) 506-5000

1130 Connecticut Avenue, N.W.
Suite 830
Washington, D.C. 20036
(202) 261-5000

The 2000 annual report is submitted for shareholders’ information. It is not intended for use in connection with any sale or purchase of, or any solicitation of offers to buy or sell, securities.