X0201 4 2004-02-18 0 0000874761 AES CORPORATION AES 0001237642 ROSSOTTI CHARLES O 1001 N. 19TH STREET ARLINGTON VA 22209 1 0 0 0 Common Stock 2004-02-18 4 P 0 25000 9.30 A 115000 I Joint Ownership Common Stock 10000 D Units Common Stock 1040 I The AES Corporation Deferred Compensation Plan for Directors The AES Corporation Deferred Compensation Plan for Directors provides that as soon as practicable after the end of the calendar quarter following the date that a director ceases to be a director, the Company shall issue (the "Initial Distribution") to such director one-fifth of that number of shares of common stock equal to the whole number of stock units in such director's stock unit account; on the first, second, and third anniversary of the Initial Distribution, the Company shall issue to such director the same number of shares of common stock distributed in connection with the Initial Distribution. A director may elect to receive the common stock represented by the stock units in such director's stock unit account in a single payment on such date as the non-employee director may specifiy or in annual installments (not to exceed ten) beginning after retirement from the board of directors. Written notification must be submitted to the Company no fewer than twelve months prior to such director's retirement from the Board of Directors so specifying. This is to note the balance of Mr. Rossotti's Deferred Compensation Plan account. No additional units have been added to this account since 03-31-2003. Charles O. Rossotti 2004-02-19