Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13-G
Under the Securities Exchange Act of 1934
Toledo Edison
Preferred Stock
CUSIP Number 889175303
Check the following box if a fee is being paid with this statement. [ ]
CUSIP No. 889175303
1) Name of reporting person:
Legg Mason, Inc.
Tax Identification No:
52-1200960
2) Check the appropriate box if a member of a group:
a) n/a
b) n/a
3) SEC use only
4) Place of organization:
Baltimore, Maryland
Number of shares beneficially owned by each reporting person with:
5) Sole voting power:
6) Shared voting power: 5,800 shares *
7) Sole dispositive power:
8) Shared dispositive power: 5,800 shares *
9) Aggregate amount beneficially owned by each reporting person:
5,800 shares*
10) Check if the aggregate amount in row (9) excludes certain
shares:
n/a
11) Percent of class represented by amount in row (9):
5.8%
12) Type of reporting person:
HC
*Shares are held by various clients of Legg Mason Wood Walker, Inc.,
having power to dispose thereof.
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Schedule 13-G
Page 2
Item 1a) Name of issuer:
Toledo Edison Co.
Item 1b) Address of issuer's principal executive offices:
300 Madison Ave.
Toledo, OH 43652
Item 2a) Name of person filing:
Legg Mason, Inc.
Item 2b) Address of principal business office:
100 Light Street
Baltimore, Maryland 21202
Item 2c) Citizenship:
Maryland Corporation
Item 2d) Title of class of securities:
Preferred Stock
Item 2e) CUSIP number: 889175303
Item 3) If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a) [ ] Broker or dealer 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
ERISA of 1974 or Endowment Fund; see 240.13d-1(b)(ii)(F).
(g) [X] Parent holding company, in accordance with 240.13d-
1(b)(ii)(G).
(h) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(H).
Item 4) Ownership:
(a) Amount beneficially owned:
5,800 shares*
(b) Percent of Class:
5.8%
(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:
5,800 shares *
(iii) sole power to dispose or to direct the disposition of:
(iv) shared power to dispose or to direct the disposition of:
5,800 shares *
*Shares are held by various clients of Legg Mason Wood Walker, Inc.,
having power to dispose thereof.
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Schedule 13-G
Page 3
Item 5) Ownership of Five Percent or less of a class:
n/a
Item 6) Ownership of more than Five Percent on behalf of another
person:
n/a
Item 7) Identification and classification of the subsidiary which
acquired the security being reported on by the parent holding
company:
Legg Mason Wood Walker, Inc., as broker/dealer with
discretion
Item 8) Identification and classification of members of the group:
n/a
Item 9) Notice of dissolution of group:
n/a
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.
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.
February 12, 1999
Date
/s/Timothy C. Scheve
Signature
Timothy C. Scheve, Executive Vice President, Legg Mason, Inc.
Name/Title
