UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
South Carolina Electric & Gas Co..
(Name of Issuer)
Cumulative Preferred Stock
(Title and Class of Securities)
8370042*0
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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SCHEDULE 13G
CUSIP No.8370042*0 Page 2 of 4
1 NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE
PERSONS
Principal Mutual Life Insurance Company
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Principal Mutual Life Insurance Company State of Iowa
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5 SOLE VOTING POWER
Principal Mutual Life Insurance Company 0
6 SHARED VOTING POWER
Principal Mutual Life Insurance Company 0
7 SOLE DISPOSITIVE POWER
Principal Mutual Life Insurance Company 0
8 SHARED DISPOSITIVE POWER
Principal Mutual Life Insurance Company 10,401
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Principal Mutual Life Insurance Company 10,401
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Principal Mutual Life Insurance Company 14.7%
12 TYPE OF REPORTING PERSON*
Principal Mutual Life Insurance Company IC
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Schedule 13G
ITEM 1(a) Name of Issuer: South Carolina Electric & Gas Co.
ITEM 1(b) Address of Issuer's Principal Executive Offices:
1426 Main Street
Columbia, SC 29201
ITEM 2(a) Name of Persons Filing:
Principal Mutual Life Insurance Co.
ITEM 2(b)Address of Principal Business Office:
Principal Mutual Life Ins. Co.
711 High Street
Des Moines, IA 50392-0088
ITEM 2(c)Citizenship:
Principal Mutual Life Insurance Co. - State of Iowa
ITEM 2(d)Title of Class of Securities: Cumulative Preferred Stock
ITEM 2(e)CUSIP Number: 8370042*0
ITEM 3: This statement is filed pursuant to Rule 13d-1(b) by a person who is an
insurance company as defined in section 3(a)(19) of the Act.
ITEM 4: Ownership:
(a) Amount Beneficially Owned:
10,401 Shares Cumulative Preferred Stock presently held by Principal Mutual
(b) Percent of Class:
14.65% Principal Mutual Life Ins. Co.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
0 Principal Mutual Life Ins. Co.
(ii) Shared power to vote or to direct the vote:
0 Principal Mutual Life Ins. Co.
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(iii) Sole power to dispose or to direct the disposition of:
10,401 Shares Cumulative Preferred Stock presently held by Principal Mutual
Life Ins. Co
(iv) Shared power to dispose or to direct the disposition of:
0 Principal Mutual Life Ins. Co.
ITEM 5: Ownership of 5% or Less of Class: Not Applicable
ITEM 6: Ownership of More than 5% on Behalf of Another Person:
Not Applicable
ITEM 7: Identification and Classification of the Subsidiary which Acquired
the Security being Reported on by the Parent Holding Company:
Not Applicable.
ITEM 8: Identification and Classification of Members of the Group:
Not Applicable
ITEM 9: Notice of Dissolution of Group: Not applicable
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.
SIGNATURE
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.
PRINCIPAL MUTUAL LIFE INSURANCE COMPANY
By: INVISTA CAPITAL MANAGEMENT, INC.
By /s/ Lisa M. Smith
Lisa M. Smith, Financial & Compliance Officer
Dated this 13th day of February, 1998
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