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<ACCESSION-NUMBER>0000950103-02-000275
<TYPE>424B3
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20020313
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<COMPANY-DATA>
<CONFORMED-NAME>AES CORPORATION
<CIK>0000874761
<ASSIGNED-SIC>4991
<IRS-NUMBER>541163725
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>424B3
<ACT>33
<FILE-NUMBER>333-40870
<FILM-NUMBER>02573982
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<BUSINESS-ADDRESS>
<STREET1>1001 N 19TH ST
<STREET2>STE 2000
<CITY>ARLINGTON
<STATE>VA
<ZIP>22209
<PHONE>7035221315
</BUSINESS-ADDRESS>
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<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AES TRUST VII
<CIK>0001117084
</COMPANY-DATA>
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<FORM-TYPE>424B3
<ACT>33
<FILE-NUMBER>333-40870-01
<FILM-NUMBER>02573983
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<BUSINESS-ADDRESS>
<STREET1>1001 NORTH 19TH ST
<CITY>ARLINGTON
<STATE>VA
<ZIP>22209
<PHONE>7035221315
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<STREET1>1001 NORTH 19TH ST
<CITY>ARLINGTON
<STATE>VA
<ZIP>22209
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<FILENAME>mar1302_424b3.htm
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<B><FONT size=2 face="serif">PROSPECTUS SUPPLEMENT</FONT></B><BR>
<B><FONT size=2 face="serif">(TO PROSPECTUS DATED AUGUST 24, 2000)</FONT></B>
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<I><FONT size=4 face="serif">9,200,000 Securities</FONT></I>
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<B><FONT size=5 face="serif">AES TRUST VII</FONT></B>
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<I><FONT size=4 face="serif">$3.00 Trust Convertible Preferred Securities (&#147;Preferred Securities&#148;)</FONT></I>
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<I><FONT face="serif">(Liquidation amount $50 per security) fully and unconditionally guaranteed by and convertible into Common Stock of</FONT></I>
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<B><FONT size=5 face="serif">THE AES CORPORATION</FONT></B>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">AES Trust VII, a statutory business trust created under the laws of the state of Delaware, issued and sold 9,200,000 $3.00 Trust Convertible Preferred Securities (&#147;Preferred
Securities&#148;), liquidation preference $50 per security in transactions exempt from the registration requirements of the Securities Act of 1933, as amended. We filed a registration statement (Registration No. 333-40870) on August 24, 2000
(&#147;Registration Statement&#148;), in order to permit the holders of the Preferred Securities to resell their Preferred Securities in offerings registered with the Securities and Exchange Commission. On pages 57 through 59 of the Registration
Statement, there is a table that lists:</FONT>
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   <TD valign="top" width="5%"><FONT size=2 face="serif">(i)</FONT><BR>&nbsp;&nbsp;</TD>
   <TD valign="top"><FONT size=2 face="serif">each person selling Preferred Securities in connection with the prospectus (the &#147;Selling Holders&#148;); and</FONT><BR></TD>
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<TR>
   <TD valign="top" width="5%"><FONT size=2 face="serif">(ii)</FONT><BR>&nbsp;&nbsp;</TD>
   <TD valign="top"><FONT size=2 face="serif">the number of Preferred Securities beneficially owned by each such Selling Holder.</FONT><BR>   </TD>
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<FONT size=2 face="serif">This prospectus supplement, which provides supplemental information to that Registration Statement, amends certain information relating to the list of Selling Holders:</FONT>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">1) The number of Preferred Securities to be sold by Lipper Offshore Convertibles, L.P. listed on the prospectus supplement dated March 13, 2002 is amended to 71,600.</FONT>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">None of such Selling Holders has a material relationship with AES Trust VII or The AES Corporation except as we have described in the accompanying prospectus.</FONT>
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<B><FONT face="serif">THE DATE OF THIS PROSPECTUS SUPPLEMENT IS MARCH 13, 2002</FONT></B>
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