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<H2 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PROSPECTUS
SUPPLEMENT<BR>(TO PROSPECTUS DATED AUGUST 24, 2000)</FONT></H2>

<I>9,200,000 Securities</I>

<H2 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>AES TRUST VII</B></FONT></H2>

$3.00 Trust Convertible Preferred Securities ("Preferred Securities")<BR><BR>

(Liquidation amount $50 per security) fully and unconditionally guaranteed by and convertible
into
Common Stock of

<H2 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>THE AES
CORPORATION</B></FONT></H2>

        <P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 ("Preferred Securities"), 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 ("Registration Statement"), 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:</P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;each person selling Preferred Securities in connection with the prospectus (the
&#147;Selling Holders&#148;) and</P> <P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;the number of Preferred Securities beneficially owned
by each such Selling Holder.</P>

<BR>

<P>This prospectus supplement,
which provides supplemental information to that Registration Statement, amends
certain information relating to the list of Selling Holders:</P>

          <P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1) The number of Preferred Securities to be sold by Goldman Sachs and Company listed on the prospectus
supplement dated March 25, 2002 is amended to 26,000.</P>




<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</P>
<BR><BR><BR><BR><BR>
<B>THE DATE OF
THIS PROSPECTUS SUPPLEMENT IS MARCH 25, 2002</B>




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