CINERGY CORP
35-CERT, 1998-05-28
ELECTRIC & OTHER SERVICES COMBINED
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
In the Matter of
Cinergy Corp., et al.
File No.  70-9011
(Public Utility Holding Company
Act of 1935, as amended (the
"Act"))<PAGE>
CERTIFICATE 
OF
NOTIFICATION<PAGE>
     Cinergy Corp., a registered holding company ("Cinergy"), hereby
submits the following information pursuant to rule 24 under the Act and the
Commission's order dated March 23, 1998 in the above docket (HCAR No.
26848):/1/
       1.        At March 31, 1998 Cinergy's "aggregate investment" and
                 "consolidated retained earnings" (both as used in rule
                 53(a) under the Act) were approximately $546 million and
                 $977 million, respectively.

       2.       Cinergy's aggregate investment at March 31, 1998 equated
                 to approximately 9.00% of Cinergy's total capitalization,
                 approximately 8.96% of Cinergy's net utility plant,
                 approximately 6.07% of total consolidated assets, and
                 approximately 9.39% of Cinergy's market capitalization
                 (each at March 31, 1998).

       3.        At March 31, 1998 Cinergy consolidated debt/2/ comprised
                 approximately 42.4% of total capitalization and
                 consolidated common equity comprised approximately 57.6%
                 of total capitalization.

       4.        At March 31, 1998 Cinergy's market-to-book ratio was       
     226%. 

       Filed herewith as Exhibit A, pursuant to a request for confidential
treatment under rule 104(b) under the Act, is certain information
concerning growth in retained earnings, net income and revenues of
Cinergy's Exempt Entities. 

<PAGE>

S I G N A T U R E

       Pursuant to the requirements of the Public Utility Holding Company
Act of 1935, as amended, the undersigned company has duly caused this
document to be signed on its behalf by the undersigned thereunto duly
authorized.

Date:  May 28, 1998
                                          CINERGY CORP.


                                          By: /s/ David L. Wozny
                                                  Assistant Comptroller

ENDNOTES

/1/ Any capitalized terms used but not defined herein have the respective
meanings assigned thereto in HCAR No. 26848.

/2/ For these purposes, "consolidated debt" consists of all cumulative
preferred stock, long-term debt, long-term debt due within one year, notes
payable and other short-term obligations, including any short-term debt and
non-recourse debt of Exempt Entities to the extent normally consolidated
under applicable financial reporting rules.





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