FORM 4 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 OF SECURITIES 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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * KELLEHER LAWRENCE J   2. Issuer Name and Ticker or Trading Symbol FPL GROUP INC [FPL] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) __X__ Other (specify below) VP of Human Resources / Dir/Snr VP of Human Res of Sub (Last) (First) (Middle) FPL GROUP, INC., 700 UNIVERSE BOULEVARD 3. Date of Earliest Transaction (Month/Day/Year) 10/26/2004 (Street) JUNO BEACH, FL 33408 4. If Amendment, Date Original Filed(Month/Day/Year) 6. 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) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock               1,021 I By Thrift Plans Trust Common Stock 10/26/2004   M   33,333 A $ 52.64 119,223 D   Common Stock 10/26/2004   S   4,100 D $ 69.4 115,123 D   Common Stock 10/26/2004   S   1,200 D $ 69.42 113,923 D   Common Stock 10/26/2004   S   1,100 D $ 69.43 112,823 D   Common Stock 10/26/2004   S   200 D $ 69.44 112,623 D   Common Stock 10/26/2004   S   500 D $ 69.45 112,123 D   Common Stock 10/26/2004   S   100 D $ 69.46 112,023 D   Common Stock 10/26/2004   S   1,100 D $ 69.47 110,923 D   Common Stock 10/26/2004   S   3,500 D $ 69.48 107,423 D   Common Stock 10/26/2004   S   2,600 D $ 69.49 104,823 D   Common Stock 10/26/2004   S   1,600 D $ 69.5 103,223 D   Common Stock 10/26/2004   S   5,300 D $ 69.51 97,923 D   Common Stock 10/26/2004   S   1,600 D $ 69.52 96,323 D   Common Stock 10/26/2004   S   1,200 D $ 69.53 95,123 D   Common Stock 10/26/2004   S   4,233 D $ 69.54 90,890 D   Common Stock 10/26/2004   S   1,500 D $ 69.55 89,390 D   Common Stock 10/26/2004   S   2,100 D $ 69.56 87,290 D   Common Stock 10/26/2004   S   1,100 D $ 69.57 86,190 D   Common Stock 10/26/2004   S   300 D $ 69.59 85,890 (1) D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(2)							(2)	(2)	Common Stock	(2)		3,016 (2)	D
Employee Stock Option (Right to Buy)	(3)							(3)	(3)	Common Stock	(3)		100,000 (3)	D
Employee Stock Option (Right to Buy)	$ 52.64	10/26/2004		M			33,333	(4)	02/11/2012	Common Stock	33,333	$ 0 (5)	16,667 (6)	D
Employee Stock Option (Right to Buy)	(7)							(7)	(7)	Common Stock	(7)		50,000 (7)	D
Employee Stock Option (Right to Buy)	(8)							(8)	(8)	Common Stock	(8)		50,000 (8)	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KELLEHER LAWRENCE J FPL GROUP, INC. 700 UNIVERSE BOULEVARD JUNO BEACH, FL 33408			VP of Human Resources	Dir/Snr VP of Human Res of Sub

Signatures

DENNIS P. COYLE (Attorney-in-Fact)		10/27/2004
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Receipt of 15,709 shares deferred until the reporting person's retirement.
(2)	Phantom shares previously credited to a Supplemental Matching Contribution Account for the reporting person pursuant to the FPL Group, Inc. Supplemental Executive Retirement Plan. Phantom shares represent the number of phantom shares of FPL Group, Inc. common stock credited to the reporting person if the phantom shares had been invested in FPL Group's company stock fund in its Thrift Plan to date. Includes cash dividends that would be payable on the phantom shares if the reporting person was the record holder of the number of shares of FPL Group, Inc. common stock equal to the phantom shares. Shares of phantom stock are payable in cash following the reporting person's termination of employment with FPL Group, Inc. This filing is not an admission that the phantom shares are derivative securities.
(3)	On February 12, 2001, the reporting person was granted an option to purchase 100,000 shares of FPL Group, Inc. common stock with an exercise price of $61.72 per share. The option (i) is fully vested and (ii) expires on February 12, 2011.
(4)	Of the 33,333 options exercised, 16,667 options vested on February 11, 2003 and 16,666 options vested on February 11, 2004.
(5)	Not applicable.
(6)	Subsequent to this transaction, as of October 26, 2004, the reporting person directly beneficially owns unexercised options to purchase 16,667 shares of FPL Group, Inc. common stock with an exercise price of $52.64 per share. Such options (i) were granted on February 11, 2002, (ii) vest on February 11, 2005, and (iii) expire on February 11, 2012.
(7)	On February 13, 2003, the reporting person was granted an option to purchase 50,000 shares of FPL Group, Inc. common stock with an exercise price of $55.12 per share. The option (i) vests as to 16,667 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on February 13, 2013.
(8)	On February 12, 2004, the reporting person was granted an option to purchase 50,000 shares of FPL Group, Inc. common stock with an exercise price of $64.92 per share. The option (i) vests as to 16,667 shares (on a cumulative basis) on each anniversary of the date of grant beginning on the first anniversary of the date of grant and (ii) expires on February 12, 2014.

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