UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No._______)*
Central Vermont Public Service
(Name of Issuer)
Common Stock
(Title Of Class of Securities)
155771108
(CUSIP Number)
Check the following box if a fee is being paid with this statement .
(A fee is not required only if the filing person: (1) has a previous
statement on file reporting beneficial ownership of more than five percent
of the class of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership of five percent
or less of such class.) (See Rule 13d-7). *The remainder of this cover page
shall be filled out for a reporting person's initial filing on this form
with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter the disclosures provided
in a prior cover page.The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
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CUSIP NO. 155771108 ____________
13G
PAGE 1
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Merrill Lynch, Pierce, Fenner & Smith Incorporated
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Joint Filing
(a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
647,950
6 SHARED VOTING POWER
None
7. SOLE DISPOSITIVE POWER
647,950
8 SHARED DISPOSITIVE POWER
None
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
647,950
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.67%
12 TYPE OF REPORTING PERSON*
BD, CO
*SEE INSTRUCTION BEFORE FILLING OUT!
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SCHEDULE 13G
Item 1 (a) Name of Issuer:
Central Vermont Public Service
Item 1 (b) Address of Issuer's Principal Executive Offices:
77 Grove Street
Rutland, Vermont 05701
Item 2 (a) Names of Persons Filing:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Item 2 (b) Address of Principal Business Office, or, if None, Residence:
Merrill Lynch, Pierce, Fenner & Smith Incorporated
World Financial Center, North Tower
250 Vesey Street
New York, New York 10281
Item 2 (c) Citizenship:
See Item 4 of Cover Pages
Item 2 (d) Title of Class of Securities:
Common Stock
Item 2 (e) CUSIP Number:
155771108
Item 3
Merrill Lynch, Pierce, Fenner & Smith Incorporated ("MLPF&S")
is a broker-dealer registered under Section 15 of the Securities
Exchange Act of 1934.
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a) Amount Beneficially Owned:
See Item 9 of Cover Pages. Pursuant to 240.13d-4, MLPF&S (the
"Reporting Person") disclaims beneficial ownership of the
securities of Central Vermont Public Service referred to herein,
and the filing of this Schedule 13G shall not be construed as an
admission that the Reporting Person is, for the purposes of Section
13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial
owner of any of the securities of Central Vermont Public Service
referred to herein other than in the case of such held by MLPF&S in
proprietary accounts.
(b) Percent of Class:
See Item 11 of Cover Pages
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See Item 5 of Cover Pages
(ii) shared power to vote or to direct the vote:
See Item 6 of Cover Pages
(iii) sole power to dispose or to direct the disposition of:
See Item 7 of Cover Pages
(iv) shared power to dispose or to direct the disposition of:
See Item 8 of Cover Pages
Item 5 Ownership of Five Percent or Less of a Class.
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of Another Person.
Not Applicable
Item 7 Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
See Exhibit A
Item 8 Identification and Classification of Members of the Group.
Not Applicable
Item 9 Notice of Dissolution of Group.
Not Applicable
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Item 10 Certification.
By signing below each of the undersigned certifies that, to the best of their
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and do
not have the effect of changing or influencing the control of the issuer of
such securities and were not acquired in connection with or as a participant
in any transaction having such purposes or effect.
Signature.
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned certifies that the information set forth in this statement is
true, complete and correct.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Date:
Andrea Lowenthal
Signature:
Andrea Lowenthal
Name: Andrea Lowenthal
______________________
Title: Attorney-in-Fact *
* Executed pursuant to a Power of Attorney dated November 17, 1995,
a copy of which is attached hereto as Exhibit B.
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Exhibit A to Schedule 13G
ITEM 7 DISCLOSURE RESPECTING SUBSIDIARIES
The person filing this report is Merrill Lynch, Pierce, Fenner & Smith
Incorporated ("MLPF&S"), a Delaware corporation with its principal place
of business at World Financial Center, North Tower, 250 Vesey Street,
New York, New York, which is a wholly-owned direct subsidiary of ML&Co. and
a broker-dealer registered pursuant to the Securities Exchange Act of 1934.
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Exhibit B to Schedule 13G
Power of Attorney
The undersigned, Merrill Lynch, Pierce, Fenner & Smith Incorporated,
( the "Corporation") a corporation duly organized under the laws of Delaware,
with its principal place of business at World Financial Center, North Tower,
250 Vesey Street, New York, New York 10281 does hereby make, constitute and
appoint Richard B. Alsop, Richard D. Kreuder, Andrea Lowenthal, Gregory T.
Russo, or any other individual from time to time elected or appointed as
secretary or an assistant secretary of the Corporation, acting severally, each
of whose address is Merrill Lynch & Co., Inc., World Financial Center, North
Tower, 250 Vesey Street, New York, New York 10281 as its true and lawful
attornys-in-fact, for it and in its name, place and stead (i) to execute and
on behalf of the Corporation and cause to be filed and/or delivered, as
required under Section (13) of the Securities Exchange Act of 1934 (the "Act")
and the regulations thereunder, and number as appropriate, of original,
copies, or electronic filings of the Securities and Exchange Commission
Schedule 13D or Schedule 13G Beneficial Ownership Records (together with any
amendments and joint filing agreements under Rule 13d-1(f) (1) of the Act,
as may be required thereto) to be filed and/or delivered with respect to any
equity security (as defined in Rule 13d-1(d) under the Act) beneficially
owned by the undersigned and which must be reported by the undersigned
pursuant to Section 13(d) of the Act and the regulations thereunder,
(ii) and generally to take such other actions and perform such other things
necessary to effectuate the foregoing as fully in all respects as if the
undersigned could do it if personally present. This Power of Attorney shall
remain in effect until revoked, in writing, by the undersigned.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney,
this seventeenth day of November, 1995.
MERRILL LYNNCH, PIERCE, FENNER & SMITH INCORPORATED
By: /s/ David H. Komansky
Name: David H. Komansky
Title: President and Chief Operating Officer
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