SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule 13G Amendment No. 1
Under the Securities Exchange Act of 1934
Commonwealth Edison Company
(Name of Issuer)
$9.00 Preferred Stock, No Par Value
(Title of Class of Securities)
202795753000
(CUSIP Number)
Check the following box if a fee is being paid with this statement.
( )
The information required in the remainder of this cover page (except any items
to which the form provides a cross-reference) 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.
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CUSIP No.
202795753000
1) Names of Reporting Person
Lehman Brothers Holdings Inc.
S.S. or I.R.S. Identification No. of Above Person
13-3216325
2) Check the Appropriate box if a Member of a Group
(a) ( X ) Sole
(b) ( ) Joint Filing
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
26,320
6) Shared Voting Power
-0-
7) Sole Dispositive Power
26,320
8) Shared Dispositive Power
-0-
9) Aggregate Amount Beneficially Owned by Each Reporting Person
26,320
10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(--)
11) Percent of Class Represented by Amount in Row 9
4.04%
12) Type of Reporting Person
HC/CO
Item 1(a). Name of Issuer: Commonwealth Edison Company
Item 1(b). Address of Issuer's Principal Executive
Offices: 10 South Dearborn Street
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37th Floor, P.O. Box 767
Chicago, IL 60690-0767
Item 2(a). Name of Person Filing:
Lehman Brothers Holdings Inc.
Item 2(b). Address of Principal Business Office:
3 World Financial Center
New York, NY 10285
Item 2(c). Citizenship or Place of Organization:
See Item 4 of cover pages
Item 2(d). Title of Class of Securities:
Preferred
Item 2(e). CUSIP Number:
202795753000
Item 3. Information if statement is filed pursuant to Rules 13d-1(b) or
13d-2(b):
The person filing this statement is Lehman Brothers Holdings Inc., a parent
holding company in accordance with Section 240.13d1(b)(ii)(G).
Item 4. Ownership
(a) Amount Beneficially Owned as of: June 30, 1997
See Item 9 of cover pages
(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
(ii) shared power to vote or to direct the vote
(iii)sole power to dispose or to direct the disposition
(iv) shared power to dispose or to direct the disposition
See Items 5-8 of cover pages
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Item 5. Ownership of Five Percent or Less of a Class
This statement is being filed to report that as of June 30, 1997, the Reporting
Person ceased to be the beneficial owner of more than 5% of the class of
securities covered by this report.
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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
The relevant subsidiary is Lehman Brothers Inc., a Broker/Dealer registered
under Section 15 of the Securities Exchange Act of 1934.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
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.
<PAGE>
After reasonable inquiry and to the best of the undersigned's knowledge and
belief, the undersigned hereby certifies that the information set forth in this
statement is true, complete and correct.
Dated: June 30, 1997
LEHMAN BROTHERS HOLDINGS INC.
By: /s/ Karen C. Manson
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Name: Karen C. Manson
Title: Vice President and Secretary
