Filed pursuant to Rule 424(b)(5)
                                                Registration No. 333-85716

PROSPECTUS SUPPLEMENT
(TO PROSPECTUS DATED July 22, 2002)


                                 275,000 SHARES

                                 PPL CORPORATION

                                  COMMON STOCK
                                 _______________

Pursuant to an amended Sales Agency Agreement between PPL Corporation (the
"Company") and Salomon Smith Barney Inc. ("SSB"), which Sales Agency Agreement
and the amendment thereto have each been filed as an exhibit to a report on Form
8-K filed with the SEC on November 21, 2002 and December 17, 2002, respectively,
and each of which is incorporated by reference herein, the Company has sold,
through SSB, as agent of the Company, 275,000 shares of the Company's common
stock, par value $0.01 per share (the "Common Stock"), pursuant to ordinary
brokers' transactions on the New York Stock Exchange (the "NYSE").

275,000 shares of Common Stock were sold from December 30, 2002 through January
3, 2003.

Gross Proceeds to Company ...................................... $ 9,677,780.00

Commission to Agent ............................................ $    27,500.00

Net Proceeds to Company ........................................ $ 9,649,988.02

On January 3, 2003 the last reported sales price
of the Common Stock on the NYSE was ............................ $        36.00

Note:  SEC Fees were not used in arriving at any of the above figures.

                                 _______________


         Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved of these securities or determined if this
prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.

                                 _______________


              THIS PROSPECTUS SUPPLEMENT IS DATED January 7, 2003.