COMMONWEALTH EDISON CO
SC 13G, 1994-02-07
ELECTRIC SERVICES
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<PAGE>
                                                  
                                                         OMB APPROVAL
                                                  OMB NUMBER     3235-0145
                                                  EXPIRES:  OCTOBER 3L, 1994
                                                  ESTIMATED AVERAGE BURDEN
                                                  HOURS PER RESPONSE . . . 14.90
                      
                      
                                 UNITED STATES         
                      SECURITIES AND EXCHANGE COMMISSION 
                            WASHINGTON, D.C. 20549              
                               

                                  SCHEDULE 13G


                   UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. 1)*

 

                          Commonwealth Edison Company
- -------------------------------------------------------------------------------
                               (Name of Issuer)

                 CUMULATIVE PREFERENCE STOCK WITHOUT PAR VALUE
- --------------------------------------------------------------------------------
                        (Title of Class of Securities)
                                   202795746
               ------------------------------------------------
                                (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).

SEC 1745                       PAGE 1 OF 12 PAGES 

<PAGE>


CUSIP NO. 202795746              13G                 PAGE  2 OF  12  PAGES     
     

<TABLE> 
<CAPTION> 
<S> <C>                                                         <C>  
- --------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    John Hancock Mutual Life Insurance Company
    I.R.S. No. 04-1414660                      
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) / /  
                                                                (b) / / 
    
    N/A

- --------------------------------------------------------------------------------
3   SEC USE ONLY

- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION    
 
    Commonwealth of Massachusetts

- --------------------------------------------------------------------------------
</TABLE> 

<TABLE> 
<CAPTION> 
<S>                        <C> 
                           5  SOLE VOTING POWER
Number of                             
                                  -0-  
Shares
                           -----------------------------------------------------
Beneficially               6  SHARED VOTING POWER
 
Owned by Each                     -0-

Reporting                  -----------------------------------------------------
                           7  SOLE DISPOSITIVE POWER 
Person                                                          
                                  -0- 
With
                           -----------------------------------------------------
                           8  SHARED DISPOSITIVE POWER
 
                                  -0-

                    
</TABLE> 
<TABLE> 
<CAPTION>  
<S> <C> 
- -------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                 
    None except through its indirect, wholly-owned subsidiary, John Hancock 
    Advisers, Inc.                         

- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
     N/A

- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
    See line 9, above.

- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
    IC, BD, IA, HC

- --------------------------------------------------------------------------------
</TABLE>
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
                              PAGE 2 OF 12 PAGES
<PAGE>

                                        
CUSIP NO. 202795746                   13G                 PAGE  3  OF  12  PAGES
     


<TABLE>
<CAPTION>
<S> <C>                                                         <C> 
- -------------------------------------------------------------------------------
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                        

    John Hancock Subsidiaries, Inc.
    I.R.S. No. 04-2687223
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a) / /
                                                                (b) / /
    N/A

- --------------------------------------------------------------------------------
3   SEC USE ONLY

- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware

- --------------------------------------------------------------------------------
</TABLE> 

<TABLE> 
<CAPTION>  
     
<S>                        <C> 
                           5  SOLE VOTING POWER
Number of            
                                  -0-
Shares 
                           ----------------------------------------------------
Beneficially               6  SHARED VOTING POWER     
                          
Owned by Each                     -0-
                                  
Reporting                  -----------------------------------------------------
                           7  SOLE DISPOSITIVE POWER
Person
                                  -0- 
With                                                                             
                           -----------------------------------------------------
                           8  SHARED DISPOSITIVE POWER
 
                                  -0-
                      
</TABLE> 
<TABLE> 
<CAPTION> 
<S> <C> 
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                           
    None except through its indirect, wholly-owned subsidiary, John Hancock 
    Advisers, Inc. 
                                                                     
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* 
    N/A

- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
    See line 9, above.

- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
    HC

- --------------------------------------------------------------------------------
</TABLE>
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
                              PAGE 3 OF 12 PAGES
<PAGE>
                                        
CUSIP NO. 202795746                  13G              PAGE  4   OF  12   PAGES
            


<TABLE> 
<CAPTION> 
- -------------------------------------------------------------------------------
<S> <C>                                                         <C> 
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON                        

    The Berkeley Financial Group
    I.R.S. No. 04-3145626
- -------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                         
                                                                (a) / /
                                                                (b) / /
    N/A                         

- --------------------------------------------------------------------------------
3   SEC USE ONLY

- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Commonwealth of Massachusetts

- --------------------------------------------------------------------------------
</TABLE>
<TABLE> 
<CAPTION> 
<S>                        <C>
                           5  SOLE VOTING POWER                      
Number of
                                  -0-      
Shares 
                           -----------------------------------------------------
Beneficially               6  SHARED VOTING POWER 
                  
Owned by Each                     -0- 
                           
Reporting                  -----------------------------------------------------
                           7  SOLE DISPOSITIVE POWER
Person                     
                                  -0- 
With 
                           -----------------------------------------------------
                           8  SHARED DISPOSITIVE POWER
 
                                  -0-
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
- -------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                            
 
    None except through its direct, wholly-owned subsidiary, John Hancock 
    Advisers, Inc. 
                             
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
    N/A

- -------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
    See line 9, above.

- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
    HC

- --------------------------------------------------------------------------------
</TABLE>
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
                              PAGE 4 OF 12 PAGES
<PAGE>
                                      
CUSIP NO. 202795746                   13G                 PAGE  5  OF  12  PAGES

<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
<S> <C>                                                           <C>
1   NAME OF REPORTING PERSON
    S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

    John Hancock Advisers, Inc.
    I.R.S. No. 04-2441573
 
- --------------------------------------------------------------------------------
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a)  / /
                                                                  (b)  / /
    N/A

- --------------------------------------------------------------------------------

3   SEC USE ONLY

- --------------------------------------------------------------------------------
4   CITIZENSHIP OR PLACE OF ORGANIZATION
 
    Delaware

- --------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
<S>            <C>
               5   SOLE VOTING POWER
Number of
                      90,000
Shares 
               -----------------------------------------------------------------
Beneficially   6   SHARED VOTING POWER
    
Owned by Each         -0-

Reporting      -----------------------------------------------------------------
               7   SOLE DISPOSITIVE POWER
Person   
                      90,000
With 
               -----------------------------------------------------------------
               8   SHARED DISPOSITIVE POWER
 
                      -0-
</TABLE>
<TABLE>
<CAPTION>
<S> <C>
- --------------------------------------------------------------------------------
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
    90,000
 
- --------------------------------------------------------------------------------
10  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
    N/A

- --------------------------------------------------------------------------------
11  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
 
    12.9%

- --------------------------------------------------------------------------------
12  TYPE OF REPORTING PERSON*
 
    IA

- --------------------------------------------------------------------------------
</TABLE>
                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
                               PAGE 5 OF 12 PAGES
<PAGE>

                         INSTRUCTIONS FOR SCHEDULE 13G

Instructions for Cover Page

  (1) Names and Social Security Numbers of Reporting Persons--Furnish the full 
      legal name of each person for whom the report is filed--i.e., each person
      required to sign the schedule itself--including each member of a group. Do
      not include the name of a person required to be identified in the report 
      but who is not a reporting person. Reporting persons are also requested to
      furnish their Social Security or I.R.S. numbers, although disclosure of 
      such numbers are voluntary, not mandatory (see "SPECIAL INSTRUCTIONS FOR 
      COMPLYING WITH SCHEDULE 13G," below).

  (2) If any of the shares benefically owned by a reprting person are held as a
      member of a group and such membership is expressly affirmed, please check 
      row 2(a). If the membership in a group is disclaimed or the reporting 
      person describe a relationship with other persons but does not affirm 
      the existence of a group, please check row 2(b) [unless a joint filing
      pursuant to Rule 13d-1(e)(1) in which case it may not be necessary to
      check row 2(b)].

  (3) The third row is for SEC internal use; please leave blank.

  (4) Citizenship or Place of Organization--Furnish citizenship if the named 
      reporting person is a natural person. Otherwise furnish place of 
      organization.

  (5)-(9), (11) Aggregate Amount Beneficially Owned By EAch Reporting Person, 
      Etc.--Rows (5) through (9) inclusive, and (11) are to be competed in 
      accordance with the provisions of Item 4 of Schedule 13G. All percentages
      are to be rounded off the nearest tenth (one place after the deciaml
      point).

 (10) Check if the aggregate amount reported as beneficially owned in row (9)
      does not include shares as to which beneficial ownership is disclaimed
      pursuant to Rule 13d-4 [17 CFR 240.13d-4] under the Securities Exchange 
      Act of 1934.

 (12) Type of Reporting Person--Please classify each "reporting" according to 
      the following breakdown (see Item __ of Schedule 13G) and place the 
      appropriate symbol on the form:
<TABLE>
<CAPTION>
                    Category                                Symbol
               <S>                                            <C>
               Broker Dealer                                  BD  
               Bank                                           BK  
               Insurance Company                              IC  
               Investment Company                             IV  
               Investment Adviser                             IA   
               Employee Benefit Plan, Pension Fund,   
                or Endowment Fund                             EP
               Parent Holding Company                         HC
               Corporation                                    CO
               Partnership                                    PN
               Individual                                     IN
               Other                                          OO
</TABLE>

Notes:
  Attach as many copies of the second part of the cover page as are needed, one
  reporting person per page.
  Filing persons may, in order to avoid unnecessary duplication, answer items on
the schedules (Sehedule 13D, 13G or 14D-1) by appropriate cross references to an
item or items on the cover page(s). This approach may only be used where the 
cover page item or items provide all the disclosure required by the schedule 
item. Moreover, such a use of a cover page item will result in the item becoming
a part of the schedule and accordingly being considered as "filed" for purposes 
of Section 18 of the Securities Exchange Act or otherwise subject to the 
liabilities of that section of the Act.
  
  Reporting persons may comply with their cover page filing requirements by 
filing either complete copies of the blank forms available from the Commission,
printed or typed facsimiles, or computer printed facsimiles, provided the 
documents filed have identical formats to the forms prescribed in the 
Commission's regulations and meet existing Securities Exchange Act rules as to 
such matters as clarity and size (Securities Exchange Act Rule 12b-12).

             SPECIAL INSTRUCTIONS FOR COMPLYING WITH SCHEDULE 13G

  Under Sections 13(d), 13(g), and 23 of the Securities Exchange Act of 1934 and
the rules and regulations thereunder, the Commission is authorized to solicit 
the information required to be supplied by this schedule by certain security
holders of certain issuers.

  Disclosure of the information specified in this schedule is mandatory, except 
for Social Security or I.R.S. identification numbers, disclosure of which is 
voluntary. The information will be used for the purpose of determining and 
disclosing the holdings of certain beneficial owners of certain equity 
securities. This statement will be a matter of public record. Therefore, any 
information given will be available for inspection by any member of the public.

                              Page 6 of 12 pages


<PAGE>
  Because of the public nature of the information, the Commission can utilize it
for a variety of purposes, including referral to other governmental authorities 
or securities self-regulatory organizations for investigatory purposes or in 
connection with litigation involving the Federal securities laws or other civil,
criminal or regulatory statutes or provisions.  Social Security or I.R.S. 
identification numbers, if furnished, will assist the Commission in identifying
security holders and, therefore, in promptly processing statements of beneficial
ownership of securities.

  Failure to disclose the information requested by this schedule, except for 
Social Security or I.R.S. identification numbers, may result in civil or 
criminal action against the persons involved for violation of the Federal 
securities laws and rules promulgated thereunder.

                             GENERAL INSTRUCTIONS

A. Statements containing the information required by this schedule shall be 
   filed not later than February 14 following the calendar year covered by the 
   statement or within the time specified in Rule 13d-1(b)(2), if applicable.

B. Information contained in a form which is required to be filed by rules
   under  section 13(f)(15 U.S.C. 78m(f)) for the same calendar year as that
   covered  by a statement on this schedule may be incorporated by reference in 
   response to any  of the items of this schedule.  If such information is
   incorporated by reference in this schedule, copies of the relevant pages of
   such form shall be filed as an exhibit to this schedule.

C. The item numbers and captions of the items shall be included but the text of 
   the items is to be omitted.  The answers to the items shall be so prepared 
   as to indicate clearly the coverage of the items without referring to the 
   text of the items.  Answer every item.  If an item is inapplicable or the 
   answer is in the negative, so state.

Item 1.
  (a) Name of Issuer
  
  (b) Address of Issuer's Principal Executive Offices

Item 2.
  (a) Name of Person Filing

  (b) Address of Principal Business Office or, if none, Residence

  (c) Citizenship
  
  (d) Title of Class of Securities
  
  (e) CUSIP Number

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
        check whether the person filing is a :
  (a) [ ]Broker or Dealer registered under Section 15 of the Act
      
  (b) [ ]Bank as defined in section 3(a)(6) of the Act

  (c) [ ]Insurance Company as defined in section 3(a)(19) of the act   

  (d) [ ]Investment Company registered under section 8 of the Investment 
         Company Act
 
  (e) [ ]Investment Adviser registered under section 203 of the Investment 
         Advisers Act of 1940

  (f) [ ]Employee Benefit Plan, Pension Fund which is subject to the provisions 
         of the Employee Retirement Income Security Act of 1974 or Endowment 
         Fund; see (s)240.13d-1(b)(1)(ii)(F)

  (g) [ ]Parent Holding Company, in accordance with (s)240.13d-(b)(ii)(G) (Note:
         See Item 7)

  (h) [ ]Group, in accordance with (s)240.13d-1(b)(1)(ii)(H)

Item 4. Ownership
  If the percent of the class owned, as of December 31 of the year covered by 
the statement, or as of the last day of any month described in Rule 13d-1(b)(2),
if applicable, exceeds five percent, provide the following information as of 
that date and identify those shares which there is a right to acquire.

  (a) Amount Beneficially Owned

  (b) Percent of Class



                              Page 7 of 12 pages



<PAGE>

  (c) Number of shares as to which such person has:

        (i) sole power to vote or to direct the vote
       (ii) shared power to vote or to direct the vote
      (iii) sole power to dispose or to direct the disposition of
       (iv) shared power to dispose or to direct the disposition of

Instruction: For computations regarding securities which represent a right to 
acquire an underlying security see Rule 13d-3(d)(1).

Item 5. Ownership of Five Percent or Less of a Class
  If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five 
percent of the class of securities, check the following / /.

Instruction: Dissolution of a group requires a response to this item.

Item 6. Ownership of More than Five Percent on Behalf of Another Person.
  If any other person is known to have the right to receive or the power to 
direct the receipt of dividends from, or the proceeds from the sale of, such 
securities, a statement to that effect should be included in response to this 
item and, if such interest relates to more than five percent of the class, such 
person should be identified. A listing of the shareholders of an investment 
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.

Item 7. Identification and Classification of the Subsidiary Which Acquired the 
        Security Being Reported on By the Parent Holding Company
  If a parent holding company has filed this schedule, pursuant to Rule 
13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the 
identity and the Item 3 classification of the relevant subsidiary. If a parent 
holding company has filed this schedule pursuant to Rule 13d-1(c), attach an 
exhibit stating the identification of the relevant subsidiary.

Item 8. Identification and Classification of Members of the Group
  If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(H), so 
indicate under Item 3(h) and attach an exhibit stating the identity and Item 3 
classification of each member of the group. If a group has filed this schedule 
to Rule 13d-1(c), attach an exhibit stating the identity of each member of the 
group.

Item 9. Notice of Dissolution of Group
  Notice of dissolution of a group may be furnished as an exhibit stating the 
date of the dissolution and that all further filings with respect to 
transactions in the security reported on will be filed, if required, by members 
of the group, in their individual capacity. See Item 5.

Item 10. Certification
  The following certification shall be included if the statement is filed 
pursuant to Rule 13d-1(b):
  By signing below I certify that, to the best of my 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, I certify
that the information set forth in this statement is true, complete and correct.


                                               ---------------------------------
                                                              Date


                                               ---------------------------------
                                                            Signature


                                               ---------------------------------
                                                            Name/Title

                              Page 8 of 12 pages
<PAGE>

                                                                       EXHIBIT A

                             JOINT FILING AGREEMENT
                             ----------------------


     John Hancock Mutual Life Insurance Company, John Hancock Subsidiaries,
Inc., The Berkeley Financial Group and John Hancock Advisers, Inc. agree that
the Schedule 13G to which this Agreement is attached, relating to the $6.875
Cumulative Preference Stock without Par Value of Commonwealth Edison Company is
filed on behalf of each of them.

  
                                  JOHN HANCOCK MUTUAL LIFE INSURANCE COMPANY

                                  By:       /s/ JOHN T. FARADY
                                      ----------------------------------------
                                  Name:         JOHN T. FARADY
                                       ---------------------------------------
Dated:  February 2, 1994          Title:        VICE PRESIDENT and TREASURER 
       -------------------              --------------------------------------  



                                  JOHN HANCOCK SUBSIDIARIES, INC.

                                  By:       /s/ JOHN T. FARADY
                                      ----------------------------------------
                                  Name:         JOHN T. FARADY
                                       ---------------------------------------
Dated:  February 2, 1994          Title:        VICE PRESIDENT and TREASURER  
       -------------------              --------------------------------------  



                                  THE BERKELEY FINANCIAL GROUP

                                  By:       /s/ SUSAN S. NEWTON
                                      ----------------------------------------
                                  Name:         SUSAN S. NEWTON
                                       ---------------------------------------
Dated:  January 31, 1994          Title:        VICE PRESIDENT
       -------------------              --------------------------------------  


                                  JOHN HANCOCK ADVISERS, INC.

                                  By:       /s/ SUSAN S. NEWTON
                                      ----------------------------------------
                                  Name:         SUSAN S. NEWTON
                                       ---------------------------------------
Dated:  January 31, 1994          Title:        VICE PRESIDENT
       -------------------              -------------------------------------- 



                              PAGE 12 OF 12 PAGES


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