CSW LEASING INC
35-CERT, 1999-02-11
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                                  UNITED STATES

                       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, 1998  through  December 31, 1998  $13,311,979  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,  1998,  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.

<PAGE>


                                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 eleventh day of February 1999.

                                                     CSW LEASING, Inc.


                                                     /s/   Lawrence B. Connors  
                                                           Lawrence B. Connors
                                                           Controller






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