Rule 424(b)(3)
Registration No. 333-125275

FPL GROUP, INC.

Supplement No. 1 dated July 27, 2005
to Prospectus dated June 20, 2005

        This prospectus supplement should be read in conjunction with the prospectus dated June 20, 2005, which is to be delivered with this prospectus supplement.

        The prospectus of FPL Group, Inc., dated June 20, 2005, relating to our common stock is hereby supplemented as follows:

        The following table sets forth, as of July 22, 2005, certain information with respect to the ownership of our common stock by the selling shareholders, and supersedes the table set forth on page 6 of the prospectus.

 
    
    
   Common Stock Owned After
Offering is Complete
 
   Number of
Shares of
Common Stock
Owned Before
Offering
    
Name of Selling Shareholder
   Number of Shares
of Common Stock
Offered
   Number of
Shares
   Percentage
Perry Partners LP(1)   42,184   12,655   42,184   *
Perry Partners International, Inc.(1)   116,391   34,917   116,391   *
Auda Classic PLC(1)   1,214   364   1,214   *
Corsair Capital Partners, L.P.   114,818   14,526   100,292   *
Corsair Capital Investors, Ltd.   15,329   1,942   13,387   *
Corsair Capital Partners 100, L.P.   4,763   573   4,190   *
Corsair Long Short International, Ltd.   5,201   618   4,583   *
ZLP Master Opportunity Fund, Ltd.   76,531   17,661   58,870   *
Robert L. Brewton   3,061   706   2,355   *
Crown Financial, LLC   5,247   1,211   4,036   *
Reid Ferrell Friedman   504   504   0   *
Barry Gomel   1,177   504   673   *
Nater Limited Partnership   1,446   605   841   *
J. W. Rogers   3,061   706   2,355   *
Solmirog Ltd. Partnership   2,623   605   2,018   *
Sonz Interests, L.P.   874   201   673   *

Alexander L. & Linda Cappello 2001 Family Trust
 
6,805
 
6,805
 
0
 
*
Robert & Ellen Deutschman Family Trust   40,376   39,535   841   *
Pompan Family Trust U.A.D. 4-4-98   15,979   15,979   0   *
Sean Kelly   2,523   2,523   0   *
David Barnes   841   841   0   *
Larry Kim   841   841   0   *
Peter Janda   336   336   0   *
Kyle Messman   336   336   0   *
Benjamin Fox   84   84   0   *

Yvonne Briggs
 
784
 
784
 
0
 
*
Frank K. Colen   1,934   1,934   0   *
Cory Dorzek   672   672   0   *
Chris Hagar   1,934   1,934   0   *
Highbridge/Zwirn Special Opportunities Fund, L.P.   25,230   25,230   0   *
Andrew Kaminsky   168   168   0   *
Zubin Mory   84   84   0   *
Oppenheimer & Co. Inc.   12,053   12,053   0   *
Prospect Street Ventures Ltd.   4,205   4,205   0   *
Prospect Street Energy LLC   16,820   16,820   0   *
Darrell Rosenthal   2,678   2,678   0   *
Stanley B. Stern   168   168   0   *
Henry P. Williams   6,307   6,307   0   *

Neil M. Leibman (3)
 
649,661
 
3,083
 
646,578
 
*
Don Aron (4)   50,179   3,083   47,096   *
Stuart C. Gaylor (5)   22,650   3,083   19,567   *
Robert C. Orr (6)   16,539   3,083   13,456   *
*
Less than 1%

S-1

(1)
The shares of this shareholder offered hereby are issuable pursuant to warrants that are not exercisable within 60 days of June 20, 2005 and, accordingly, have not been included in the number of shares owned before the offering.
(2)
Recipient of warrants originally issued by Gexa Corp. to Cappello Capital Corp. ("Cappello"), which warrants were distributed by Cappello to certain of its employees and affiliates.
(3)
Mr. Leibman is the President of Gexa Corp. ("Gexa"), which has become an indirect, wholly-owned subsidiary of FPL Group as a result of the merger (the "Merger") contemplated by the Agreement and Plan of Merger, dated as of March 28, 2005, among FPL Group, certain of its subsidiaries and Gexa. Shares beneficially owned by Mr. Leibman include 75,690 shares that may be acquired upon exercise of currently exercisable options, 3,083 shares which may be acquired upon exercise of a currently exercisable warrant (which shares are offered hereby) and 6,728 shares owned by Mr. Leibman's minor children for which he disclaims beneficial ownership.
(4)
Mr. Aron is a former director of Gexa and resigned such position upon completion of the Merger. Shares beneficially owned by Mr. Aron include 3,083 shares that may be acquired upon exercise of certain common stock warrants (which shares are offered hereby) and 16,820 shares that may be acquired upon exercise of currently exercisable options.
(5)
Mr. Gaylor is a former director of Gexa and resigned such position upon completion of the Merger. Shares beneficially owned by Mr. Gaylor include 3,083 shares that may be acquired upon exercise of a common stock warrant (which shares are offered hereby) and 16,820 shares that may be acquired upon exercise of currently exercisable options.
(6)
Mr. Orr is a former director of Gexa and resigned such position upon completion of the Merger. Shares beneficially owned by Mr. Orr include 3,083 shares that may be acquired upon exercise of a common stock warrant (which shares are offered hereby) and 16,820 shares that may be acquired upon exercise of currently exercisable options.

S-2