ENTERGY CORP /DE/ — Director's Dealing 2005

Jan 31, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERGY CORP /DE/ (ETR)
CIK: 0000065984
Period of Report: 2005-01-27

Reporting Person: MCDONALD HUGH T (Officer purs. to Sec. 16 Rules)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-27	Employee Stock Option (Right to Buy)	$69.47	A	10000	Acquired	2015-01-27	ETR Common (10000)	Direct
2005-01-27	Equity Units	$69.47	A	4200	Acquired	2005-01-27	ETR Common (4200)	Direct
2005-01-27	Equity Units	$69.47	D	4200	Disposed	2005-01-27	ETR Common (4200)	Direct

Footnotes

F1: One-third of these options will vest on each of the first three anniversary dates of the grant. These options were acquired under Entergy's Equity Ownership Plan.

F2: The reporting person earned these units under the Company's 2002-2004 Long Term Incentive Plan. At the close of the performance period, each unit was valued at $67.59. On January 27, 2005, the reporting person received a pay-out of 4,200 units and chose to defer this payment under the Company's Executive Deferred Compensation Plan.