SOUTHERN CO - Director's Dealing 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2008-09-02

Reporting Person: STORY SUSAN N (President & CEO, Gulf Power)

Security	Shares	Ownership
Southern Company Common Stock	458.0877	Direct
Southern Company Common Stock	5326.3635	Indirect

Security	Exercise Price	Expiration	Underlying	Ownership
Option Right to Buy	$32.70	2015-02-18	Southern Company Common Stock (38529)	Direct
Option Right to Buy	$33.81	2016-02-20	Southern Company Common Stock (41329)	Direct
Option Right to Buy	$36.42	2017-02-19	Southern Company Common Stock (43472)	Direct
Option Right to Buy	$35.78	2018-02-18	Southern Company Common Stock (43406)	Direct
Phantom Stock Units	$0.00		Southern Company Common Stock (7954.8913)	Direct

F1: Includes phantom stock units acquired as if reinvested in the dividend reinvestment plan. There is no exercise or expiration date.