After reviewing the recent results on the Drinfeld realization of the face
type elliptic quantum group B_{q,lambda}(sl_N^) by the elliptic algebra
U_{q,p}(sl_N^), we investigate a fusion of the vertex operators of
U_{q,p}(sl_N^). The basic generating functions \Lambda_j(z) (j=1,2,.. N-1) of
the deformed W_N algebra are derived explicitly.Comment: 15 pages, to appear in Journal of physics A special issue - RAQIS0