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Filed Pursuant to Rule 424(b)(2)
Registration File No 33-61297
PRICING SUPPLEMENT NO. 4
Dated October 9, 1996 to
Prospectus dated September 8, 1995.
BALTIMORE GAS AND ELECTRIC COMPANY
$225,000,000
Medium-Term Notes, Series D
Due from 1 year to 30 years from Date of Issue
(Interest Payable May 1 and November 1)
Principal
Amount: $25,000,000 $25,000,000
Interest
Rate: 6.68% 6.68%
Original
Issue Date: 10/11/96 10/11/96
Stated
Maturity: 10/11/2001 10/11/2001
Initial
Redemption
Date (if any): None None
Price
to Public: $25,000,000 $25,000,000
Agent's
Commission: $125,000 $125,000
Net Proceeds
to Company: $24,875,000 $24,875,000
This Pricing Supplement relates to the original issuance and
sale by Baltimore Gas and Electric Company (the "Company") of the
Medium-Term Notes, Series D, described herein through Lehman
Brothers or Goldman, Sachs & Co., as agents.
Medium-Term Notes, Series D, may be issued under
Registration Statement No. 33-61297 (which also serves as Post-
Effective Amendment No. 1 to Registration Statement No. 33-57704)
by the Company in a principal amount of up to $225,000,000 in
gross proceeds and, to date, including this offering, an
aggregate of $78,000,000 has been issued.
