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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1. Name and Address of Reporting Person * BIGGAR JOHN R   2. Issuer Name and Ticker or Trading Symbol PPL CORP [PPL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive VP & CFO (Last) (First) (Middle) TWO NORTH NINTH STREET 3. Date of Earliest Transaction (Month/Day/Year) 02/15/2005 (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 02/15/2005   M   47,720 A $ 43.1562 71,528.807 (1) D   Common Stock 02/15/2005   M   2,280 A $ 33.49 73,808.807 (1) D   Common Stock 02/15/2005   S   500 D $ 55.18 73,308.807 (1) D   Common Stock 02/15/2005   S   23,300 D $ 55.2 50,008.807 (1) D   Common Stock 02/15/2005   S   1,400 D $ 55.21 48,608.807 (1) D   Common Stock 02/15/2005   S   200 D $ 55.22 48,408.807 (1) D   Common Stock 02/15/2005   S   300 D $ 55.23 48,108.807 (1) D   Common Stock 02/15/2005   S   1,700 D $ 55.24 46,408.807 (1) D   Common Stock 02/15/2005   S   1,400 D $ 55.25 45,008.807 (1) D   Common Stock 02/15/2005   S   2,800 D $ 55.26 42,208.807 (1) D   Common Stock 02/15/2005   S   10,300 D $ 55.27 31,908.807 (1) D   Common Stock 02/15/2005   S   1,500 D $ 55.28 30,408.807 (1) D   Common Stock 02/15/2005   S   1,000 D $ 55.29 29,408.807 (1) D   Common Stock 02/15/2005   S   4,600 D $ 55.3 24,808.807 (1) D   Common Stock 02/15/2005   S   1,000 D $ 55.31 23,808.807 (1) D   Common Stock 02/16/2005   M   43,226 A $ 33.49 67,034.807 (1) D   Common Stock 02/16/2005   M   46,207 A $ 36.23 113,241.807 (1) D   Common Stock 02/16/2005   M   22,450 A $ 45.18 135,691.807 (1) D   Common Stock 02/16/2005   S   1,000 D $ 54.93 134,691.807 (1) D   Common Stock 02/16/2005   S   1,300 D $ 54.94 133,391.807 (1) D   Common Stock 02/16/2005   S   48,600 D $ 54.95 84,791.807 (1) D   Common Stock 02/16/2005   S   600 D $ 54.96 84,191.807 (1) D   Common Stock 02/16/2005   S   6,600 D $ 54.97 77,591.807 (1) D   Common Stock 02/16/2005   S   1,900 D $ 54.98 75,691.807 (1) D   Common Stock 02/16/2005   S   3,800 D $ 54.99 71,891.807 (1) D   Common Stock 02/16/2005   S   6,300 D $ 55 65,591.807 (1) D   Common Stock 02/16/2005   S   400 D $ 55.01 65,191.807 (1) D   Common Stock 02/16/2005   S   4,500 D $ 55.02 60,691.807 (1) D   Common Stock 02/16/2005   S   300 D $ 55.03 60,391.807 (1) D   Common Stock 02/16/2005   S   700 D $ 55.04 59,691.807 (1) D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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)

$ 43.1562

02/15/2005

M

47,720

(2)

01/24/2011

Common Stock

47,720

$ 0

0

D

Employee Stock Options (Right to Buy)

$ 33.49

02/15/2005

M

2,280

(3)

01/23/2012

Common Stock

2,280

$ 0

43,226

D

Employee Stock Options (Right to Buy)

$ 33.49

02/16/2005

M

43,226

(3)

01/23/2012

Common Stock

43,226

$ 0

0

D

Employee Stock Options (Right to Buy)

$ 36.23

02/16/2005

M

46,207

(4)

01/22/2013

Common Stock

46,207

$ 0

23,103

D

Employee Stock Options (Right to Buy)

$ 45.18

02/16/2005

M

22,450

(5)

01/21/2014

Common Stock

22,450

$ 0

44,900

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BIGGAR JOHN R TWO NORTH NINTH STREET ALLENTOWN, PA 18101	X		Executive VP & CFO

Signatures

/s/Thomas D. Salus, as Attorney-In-Fact for John R. Biggar		02/17/2005
**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)	The total grant of 47,720 options vested in three installments: 15,907 on 01/25/2002, 15,906 on 01/25/2003 and 15,907 on 01/25/2004.
(3)	The total grant of 68,260 options vested in three installments: 22,754 on 01/24/2003, 22,753 on 01/24/2004 and 22,753 on 01/24/2005.
(4)	The total grant of 69,310 options vests in three installments: 23,104 on 01/23/2004, 23,103 on 01/23/2005 and 23,103 on 01/23/2006.
(5)	The total grant of 67,350 options vests in three installments: 22,450 on 01/22/2005, 22,450 on 01/22/2006 and 22,450 on 01/22/2007.
Remarks: This Form 4, dated and filed on 02/17/2005, is Part 1 of 2. This filing is continued on a separate Form 4, also dated and filed on 02/17/2005, due to size restrictions.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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