SOUTHERN CO - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SOUTHERN CO (SO)
CIK: 0000092122
Period of Report: 2008-02-01

Reporting Person: BOWERS WILLIAM P (Executive Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-01	Southern Company Common Stock	M	46181	$27.98	Acquired	46181	Direct
2008-02-01	Southern Company Common Stock	S	46181	$37.01	Disposed	0	Direct
2008-02-01	Southern Company Common Stock	M	52052	$29.50	Acquired	52052	Direct
2008-02-01	Southern Company Common Stock	S	52052	$37.01	Disposed	0	Direct
2008-02-01	Southern Company Common Stock	M	50046	$25.26	Acquired	50046	Direct
2008-02-01	Southern Company Common Stock	S	50046	$37.01	Disposed	0	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-01	Option Right to Buy	$29.50	M	52052	Disposed	2014-02-13	Southern Company Common Stock (52052)	Direct
2008-02-01	Option Right to Buy	$25.26	M	50046	Disposed	2012-02-15	Southern Company Common Stock (50046)	Direct
2008-02-01	Option Right to Buy	$27.98	M	46181	Disposed	2013-02-14	Southern Company Common Stock (46181)	Direct

Security	Shares	Ownership
Southern Company Common Stock	9663.2382	Indirect

F1: Includes the right to have shares withheld upon exercise to satisfy tax withholding obligations.

F2: Options vest 33% per year on the anniversary of the grant date.