OKLAHOMA GAS & ELECTRIC CO
8-K, 1997-11-21
ELECTRIC SERVICES
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                                    FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                 CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934



                        Date of Report: November 21, 1997


                          Commission file number 1-1097


                        OKLAHOMA GAS AND ELECTRIC COMPANY
             (Exact name of registrant as specified in its charter)


              Oklahoma                                  73-0382390
   (State or other jurisdiction of                   (I.R.S. Employer
    incorporation or organization)                  Identification No.)


                               101 North Robinson
                                 P. O. Box 321
                       Oklahoma City, Oklahoma 73101-0321
                    (Address of principal executive offices)
                                   (Zip Code)

                                  405-553-3000
              (Registrant's telephone number, including area code)

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Item 5. Other Events
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On November 19,  1997,  the  Company's  Board of  Directors  declared  quarterly
dividends on all series of its preferred  stock and announced the  redemption of
all outstanding shares of its cumulative  preferred stock. The dividend amounts,
redemption  prices and  redemption  dates are  contained in the  following  news
release, which the Company issued on November 19, 1997:

OGE Energy Corp. Declares Dividend, Redeems Preferred Stock

The OGE Energy Corp.  board of directors today declared a quarterly  dividend of
$0.665 per common share of stock for  shareowners  of record January 9, 1998 and
to be paid January 30, 1998.  The dividend  level  remained  unchanged  from the
previous  quarter.  The Oklahoma Gas and Electric  Company  board also  declared
quarterly dividends on all outstanding series of its preferred stock.

SERIES                    DIVIDEND     DIVIDEND
CUMULATIVE     RECORD     PER          PAYMENT
PREFERRED      DATE       SHARE        DATE

4%             12-30-97   $0.20        01-15-98
4.20%          12-30-97   $1.05        01-20-98
4.24%          12-30-97   $1.06        01-20-98
4.44%          12-30-97   $1.11        01-20-98
4.80%          12-30-97   $1.20        01-20-98
5.34%          12-30-97   $1.335       01-20-98

     In a separate  action,  the Oklahoma Gas and  Electric  Company  board also
announced  redemption  of all  outstanding  shares of its  cumulative  preferred
stock.

     "The  redemption  of preferred  shares  allows the company to eliminate the
administrative  costs  associated  with handling the relatively  small amount of
outstanding shares," said Steven E. Moore, chairman, president and CEO.

SERIES                   REDEMPTION
CUMULATIVE     PAR       PRICE PER      REDEMPTION
PREFERRED      VALUE     SHARE          DATE

4%             $20       $20            01-15-98
4.20%          $100      $102           01-20-98
4.24%          $100      $102.875       01-20-98
4.44%          $100      $102           01-20-98
4.80%          $100      $102           01-20-98
5.34%          $100      $101           01-20-98

     A notice  regarding  these  redemptions  will be sent to the holders of the
preferred stock.


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                                   SIGNATURES





     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.






                               OKLAHOMA GAS AND ELECTRIC COMPANY
                                        (Registrant)




                          By      /s/    Donald R Rowlett
                            -----------------------------------------
                                         Donald R Rowlett
                                Controller Corporate Accounting

                              (On behalf of the registrant and in
                            his capacity as Chief Accounting Officer)



November 21, 1997



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