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 (Date of earliest event reported)          January 30, 2002
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                              THE SOUTHERN COMPANY
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             (Exact name of registrant as specified in its charter)


       Delaware                    1-3526                      58-0690070
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(State or other jurisdiction    (Commission                   (IRS Employer
     of incorporation)          File Number)                Identification No.)


     270 Peachtree Street, NW, Atlanta, Georgia                   30303
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     (Address of principal executive offices)                  (Zip Code)

Registrant's telephone number, including area code       (404)  506-5000
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N/A  (Former name or former address, if changed since last report.)






2



Item 5.         Other Events.
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                On January 30, 2002, The Southern Company ("Southern") and
Southern Company Capital Funding, Inc. ("Funding") entered into an Underwriting
Agreement covering the issue and sale by Funding of $25,000,000 aggregate
principal amount of its Series B Floating Rate Senior Notes due February 1, 2004
(the "Series B Senior Notes") and the guarantee of the Series B Senior Notes by
Southern. The Series B Senior Notes were registered under the Securities Act of
1933, as amended (the "Securities Act"), pursuant to the shelf registration
statement (Registration Statement Nos. 333-65178, 333-65178-01, 333-65178-02 and
333-65178-03) of Southern and Funding.

Item 7.     Financial Statements, Pro Forma Financial Information and Exhibits.
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            (c) Exhibits.
            1   Underwriting Agreement, dated January 29, 2002, among Southern,
                Funding and Goldman, Sachs & Co., as the Underwriter.

          4.2   Second Supplemental Indenture to Senior Note
                Indenture dated as of February 1, 2002, providing
                for the issuance of the Series B Senior Notes.

         4.9    Form of Series B Senior Note. (included in Exhibit 4.2 above).









                                    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.

Date:     February 1, 2002             THE SOUTHERN COMPANY



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                                                      Tommy Chisholm
                                                          Secretary