FORM 4 ~~___Check~~_X__Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 OMB APPROVAL OMB Number 3235-0287 Expires: ~~December 31~~January31, ~~2001~~2005 Estimated average burden Hours per response .0.5

(Print or Type Responses)
Name and Address of Reporting Person* Corette R D	2.Issuer Name and Ticker or Trading Symbol The Montana Power Company (MTP)					6. Relationship of Reporting Person(s) to Issuer (check all applicable). X Director 10% owner ______Officer(give Other(specify title below) below)
Name and Address of Reporting Person* Pascoe William A.	2.Issuer Name and Ticker or Trading Symbol The Montana Power Company (MTP)					6. Relationship of Reporting Person(s) to Issuer (check all applicable). Director 10% owner X Officer(give Other(specify title below) below) V.P. Transmission Services
(Last) (First) (Middle) 130 N. Main Street	3.I.R.S. Identification Number of Reporting Person, if any entity (Voluntary)	4.Statement for Month/Year 11/2001
(Last) (First) (Middle) 40 E. Broadway Street	3.I.R.S. Identification Number of Reporting Person, if any entity (Voluntary)	4.Statement for Month/Year 02/2002
(Street) Butte MT 59701		5.If Amendment Date of Original (Month/Year)				7.Individual or Joint/Group Filing (check applicable line). X Form Filed by One Reporting Person Form filed by More than One Reporting Person
(City (State) (Zip)	TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr.3)	2.Transaction Date (Month/ Day/ Year)	3.Transaction Code (Instr. 8)		4.Security Acquired (A) or Disposed of (D) (Instr. 3, 4, & 5)				5.Amount of Securities Beneficially Owned at End of Month (Instr. 3 & 4)	6.Owner-ship Form: Direct (D) or Indirect (I) (Instr. 4)	7.Nature of Indirect Beneficial Ownership (Instr. 4)
		Code	V	Amount	or (D)		Price
	11/21/01	P		3,000	A		$4.35	8826.426
Common Stock								5,554.000	D
Common Stock								5,304.632	I	BY TTEE RET & SAV PLAN (401K)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

*If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Potential persons who are to respond to the collection of

information contained in this form are not required to respond

unless the form displays a currently valid OMB control number.

FORM 4 (continued)

TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned

(e.g., puts, calls, warrants, options, convertible securities)

1.Title of Derative Security (Instr.3)

2.Conver-sion or Exercise Price of Deri-vative Security

3.Trans-action Date (Month/ Day/ Year)

4.Trans- action Code (Instr. 8)

5.Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr.3,4,&5)

6.Date Exercisable and Expiration Date (Month/Day/Year)

7.Title and Amount of Underlying Securities (Instr. 3 & 4)

8.Price of Deriv-ative Secur- ity (Instr. 5)

9.Number of Deriv- ative Secur- ities Benef- icially Owned at End of Month (Instr.4)

10.Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr.4)

11.Nature of Indirect Beneficial Ownership (Instr.4)

Code

(A)

(D)

Date Exer-cisable

Expira- tion Date

Title

Amount or Number of Shares

Phantom Stock Units

(1)

Common Stock

4,243.9927

Stock Option

$38.6875

06/26/2002

06/26/2010

Common Stock

16,000

Phantom Stock Units

(2)

Common Stock

1,298.6773

Stock Option

$18.0000

04/06/2000

04/06/2008

Common Stock

10,446

Stock Option

$35.3594

6/21/2001

06/21/2009

Common Stock

16,000

Stock Option

$27.5625

10/25/2001

10/25/2009

Common Stock

22,200

Explanation of Responses:


**Signature of Reporting Person		Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this form, one of which must be manually signed. If space is insufficient, See Instruction 6 procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. By: Rose Marie Ralph, Attorney-in-fact ~~Corette~~Pascoe, R.William DA. 40 E Broadway Butte MT 59701-9394 The Montana Power Company (MTP) 112/~~2001~~2002 Page 2 of 32

FORM 4 (continued) Explanation of Responses
Name:	Corette, R. D.	Statement for Month/Year:	11/2001
	40 E Broadway	Issuer Name: The Montana Power Company
	Butte MT 59701-9394

Note: 1	Upon termination.
Note: 2	Over a period of 10 years after termination.

Filing Compare · MONTANA POWER CO /MT/