CSW LEASING INC
35-CERT, 1996-02-29
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               SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


__________________________________________________
                                                  :
                In the Matter of                  :
                                                  :
                CSW LEASING, INC.                 :  CERTIFICATE
                                                  :
      CENTRAL AND SOUTH WEST CORPORATION          :       OF
                                                  :
               File No. 70-6790                   :  NOTIFICATION
                                                  :
  (Public Utility Holding Company Act of 1935)    :
__________________________________________________:


    This  report  is  filed under Rule 24 of the  Public  Utility
Holding Company Act of 1935 by CSW Leasing, Inc. (CSW Leasing)  a
subsidiary of Central and South West Corporation (CSW) authorized
to  participate  in leveraged leasing transactions.   Under  HCAR
23578  dated  January 22, 1985, it is required that  CSW  Leasing
file semiannual reports providing: 1) the amount of rental income
received during the reporting period; 2) a general description of
the  types  of  property under the leveraged lease;  and  3)  the
amount  of equity contributions made by CSW to CSW Leasing during
the reporting period.


1) The amount of rental income received during the reporting period.

   During the period July 1, 1995 through December 31, 1995
$9,366,357 of rental income was received by trustees from
leveraged leases for the benefit of CSW Leasing.

2) A general description of the types of property under the
   leveraged lease.

   At December 31, 1995, CSW Leasing had invested in six
leveraged leases including a container ship and several aircraft.

3)The amount of equity contributions made by CSW to CSW Leasing
  during the reporting period.

   None.


                        S I G N A T U R E


    As requested by order of this Commission pursuant to the
Public Utility Holding Company Act of 1935, CSW Leasing, Inc. has
duly caused this report to be signed on its behalf on this 28th
day of February 1996.

                                    CSW LEASING, Inc.


                                    /s/ Wendy G. Hargus
                                        Wendy G. Hargus
                                        Controller



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