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Alliant Energy Corporation Utility Subsidiaries Declare Preferred Stock Dividends

   ALLIANT ENERGY LOGO
Alliant Energy is the parent company of two public utility companies--Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL)--and of Alliant Energy Resources, Inc. (AER), the parent company of Alliant Energy's non-regulated operations. (PRNewsFoto)[JL AG]
MADISON, WI USA
    MADISON, Wis., April 15 /PRNewswire-FirstCall/ -- Quarterly dividends on
preferred stock were declared today by the Board of Directors of Alliant
Energy Corporation's (NYSE: LNT) utility subsidiaries.
    (Logo: http://www.newscom.com/cgi-bin/prnh/20020405/LNTLOGO )

    Wisconsin Power and Light Company Preferred Stock Dividends
    The Board of Directors of Wisconsin Power and Light Company (WP&L) has
declared dividends for its preferred stock shareowners of record on May 28,
2004.  The dividends, which are payable on June 15, 2004, are as follows:

     $1.10 per share on the 4.40% series
     $1.125 per share on the 4.50% series
     $1.19 per share on the 4.76% series
     $1.20 per share on the 4.80% series
     $1.24 per share on the 4.96% series
     $1.55 per share on the 6.20% series
     $.40625 per share on the 6.50% series

    Interstate Power and Light Company Preferred Stock Dividends
    The Board of Directors of Interstate Power and Light Company (IP&L) has
declared dividends for its preferred stock shareowners of record on May 28,
2004.  The preferred stock dividends, which are payable on June 15, 2004, are
as follows:

     8.375% Series B Cumulative Preferred Stock, $0.523438 per share
     7.10% Series C Cumulative Preferred Stock $0.443750 per share

    WP&L and IP&L are subsidiaries of Alliant Energy Corporation.

    Alliant Energy is an energy-services provider that serves more than three
million customers worldwide.  Providing its regulated customers in the Midwest
with electricity and natural gas service remains the company's primary focus.
Alliant Energy, headquartered in Madison, Wis., is a Fortune 1000 company
traded on the New York Stock Exchange under the symbol LNT.  For more
information, visit the company's Web site at http://www.alliantenergy.com .


SOURCE Alliant Energy Corporation




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    Alliant Energy Corporation