BANKERS TRUST NEW YORK CORPORATION
One Bankers Trust Plaza
New York, New York 10006
Linda L. Assali Mailing Address:
Vice President BT Services Tennessee, Inc.
Telephone: 615-835-2901 648 Grassmere Park
Nashville, TN 37211
February 14, 1997
Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC 20549
Attn: Filing Desk
Dear Sirs:
Re: Filing of Schedule 13G on
Westinghouse Electric Corporation
Pursuant to Rule 13d-1 of the General Rules and Regulations
under the Securities Exchange Act of 1934, the following is
one copy of the Schedule 13G with respect to the common
stock of the above referenced corporation.
Please acknowledge your receipt of the Schedule 13G filing
submission through the EDGAR-Link System software, by E-Mail
confirmation.
Sincerely,
Linda Assali
Enclosures
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 4 )*
Westinghouse Electric Corporation
_______________________________________
NAME OF ISSUER:
Common Stock (Par Value $1.00)
_______________________________________
TITLE OF CLASS OF SECURITIES
960402105
_______________________________________
CUSIP NUMBER
Check the following box if a fee is being paid with this
statement [ ]. (A fee is not required only if the filing
person: (1) has a previous statement on file reporting
beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no
amendment subsequent thereto reporting beneficial ownership
of five percent or less of such class.) (See Rule 13d-7.)
*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 the
disclosures provided in a prior cover page.
The information required in 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).
(Continued on following page(s))
Page 1 of 9 Pages
CUSIP No. 960402105 Page 2 of 9 Pages
1.NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bankers Trust New York Corporation and its wholly-owned
subsidiaries, Bankers Trust Company, as Trustee for
various trusts, and employee benefit plans, and investment
advisor, and BT Securities, Inc., and its indirect wholly-
owned subsidiaries, Bankers Trust AG , Bankers Trust
International PLC, and BT Australia Limited. 13-6180473
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(A) [ ]
(B) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Bankers Trust New York Corporation, Bankers Trust
Company, and BT Securities, Inc. are New York
Corporations. Bankers Trust International PLC is a
London Corp. BT Australia Limited is an Australian
company. Bankers Trust AG is Swiss company.
NUMBER OF 5. SOLE VOTING POWER
SHARES Bankers Trust Company 19,890,271 shares
BT Securities 35,000 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 2,338,600 shares
BT Australia Limited 2,631,058 shares
24,894,929 shares
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY Bankers Trust Company 0 shares
BT Securities 0 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 0 shares
BT Australia Limited 0 shares
0 shares
CUSIP No. 960402105 Page 3 of 9 Pages
EACH 7. SOLE DISPOSITIVE POWER
REPORTING Bankers Trust Company 6,327,628 shares
BT Securities 35,000 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 3,571,300 shares
BT Australia Limited 2,631,058 shares
12,564,986 shares
PERSON 8. SHARED DISPOSITIVE POWER
WITH Bankers Trust Company 13,500 shares
BT Securities 0 shares
Bankers Trust AG 46,600 shares
Bankers Trust International PLC 0 shares
BT Australia Limited 0 shares
60,100 shares
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
Bankers Trust Company 19,890,271 shares
BT Securities 35,000 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 2,338,600 shares
BT Australia Limited 2,631,058 shares
24,894,929 shares
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES
CERTAIN SHARES *
[ ]
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Bankers Trust Company 4.7%
BT Securities 0.0%
Bankers Trust AG 0.0%
Bankers Trust International PLC 0.6%
BT Australia Limited 0.6%
5.9%
CUSIP No. 960402105 Page 4 of 9 Pages
12.TYPE OF REPORTING PERSON *
Bankers Trust New York Corporation - HC
Bankers Trust Company - BK;
Bankers Trust International PLC - CO;
BT Australia Limited - CO
BT Securities - BD
Bankers Trust AG - BK
Item 1(a) NAME OF ISSUER:
Westinghouse Electric Corporation
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Westinghouse Building
Gateway Center
Pittsburgh, PA 15222
Item 2(a) NAME OF PERSON FILING:
Bankers Trust New York Corporation, and its
wholly-owned subsidiaries, Bankers Trust Company,
as Trustee for various trusts, and employee
benefit plans, and investment advisor; and BT
Securities, Inc. and its indirect wholly-owned
subsidiaries, Bankers Trust AG, Bankers Trust
International PLC, and BT Australia, Limited.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
280 Park Avenue
New York, New York 10017
Item 2(c) CITIZENSHIP:
Bankers Trust New York Corporation, Bankers
Trust Company, as Trustee for various trusts, and
employee benefit plans, and investment advisor,
and BT Securities, Inc. are corporations
incorporated in the State of New York with their
principal business offices located in New York;
CUSIP No. 960402105 Page 5 of 9 Pages
Bankers Trust International PLC is incorporated in
England with its principal business office located
in London; BT Australia Limited is incorporated in
Australia with its principal business office
located in Sydney. Bankers Trust AG is
incorporated in Switzerland with its principal
office located in Zurich.
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock (Par Value $1.00) of Westinghouse
Electric Corporation, a Pennsylvania corporation.
Item 2(e) CUSIP NUMBER: 960402105
Item 3 THE PERSON FILING IS A:
For Bankers Trust New York Corporation,
(g) [X] Parent Holding Company, in accordance with
Section 240.13d-1(b)(ii)(G)
For Bankers Trust Company, Bankers Trust
International PLC, and Bankers Trust AG
(b) [X] Bank as defined in section 3(a)(6) of the Act.
For BT Securities, Inc.
(a) [X] Broker or dealer registered under Section 15
15 of the Act.
BT Australia Limited is a corporation permitted to report on
Schedule 13G in accordance with Securities and Exchange
Commission no-action letter to Bankers Trust New York
Corporation dated May 15, 1990 (available May 15, 1990).
CUSIP No. 960402105 Page 6 of 9 Pages
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
As of December 31, 1996,
(i) Bankers Trust Company 19,890,271 shares
BT Securities 35,000 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 2,338,600 shares
BT Australia Limited 2,631,058 shares
24,894,929 shares
(b) Percent of Class:
The common stock described in Item 4(a) above as
to which the Bankers Trust New York Corporation,
Bankers Trust Company, BT Securities, Bankers
Trust AG, Bankers Trust International PLC, and BT
Australia Limited acknowledges beneficial
ownership constitutes the following:
Bankers Trust Company 4.7%
BT Securities 0.0%
Bankers Trust AG 0.0%
Bankers Trust International PLC 0.6%
BT Australia Limited 0.6%
5.9%
(c) Number of shares as to which the Bank has:
(i) sole power to vote or to direct the vote -
Bankers Trust Company 19,890,271 shares
BT Securities 35,000 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 2,338,600 shares
BT Australia Limited 2,631,058 shares
24,894,929 shares
CUSIP No. 960402105 Page 7 of 9 Pages
(ii) shared power to vote or to direct the vote -
Bankers Trust Company 0 shares
BT Securities 0 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 0 shares
BT Australia Limited 0 shares
0 shares
(iii)sole power to dispose or to direct the disposition
of -
Bankers Trust Company 6,327,628 shares
BT Securities 35,000 shares
Bankers Trust AG 0 shares
Bankers Trust International PLC 3,571,300 shares
BT Australia Limited 2,631,058 shares
12,564,986 shares
(iv) shared power to dispose or to direct the
disposition of -
Bankers Trust Company 13,500 shares
BT Securities 0 shares
Bankers Trust AG 46,600 shares
Bankers Trust International PLC 0 shares
BT Australia Limited 0 shares
60,100 shares
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
[ ]
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT 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:
See Item 3 above.
CUSIP No. 960402105 Page 8 of 9 Pages
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 purpose 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.
Date: as of December 31, 1996
Signature: Bankers Trust New York Corporation
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
CUSIP No. 960402105 Page 9 of 9 Pages
Signature: Bankers Trust Company, as Trustee for various
trusts, and employee benefit plans, and
investment advisor.
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: BT Securities, Inc.
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
Signature: Bankers Trust International
By: /s/Claire Backhouse
Name: Claire Backhouse
Title: Secretary
Signature: BT Australia Limited
By: /s/Jarod Glenn Benson
Name: Jarod Glenn Benson
Title: Secretary
Signature: Bankers Trust AG
By: /s/ Walter Schnell
Name: Walter Schnell
Title: Deputy General Manager
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to Bankers Trust Company and BT Securities, Inc.
is shown below:
Bankers Trust New York Corporation
|
100%
|
___________________________________________
|
|
Bankers Trust Company BT Securities, Inc.
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to Bankers Trust AG is shown below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
Bankers International Corporation
|
100%
|
BT International (Delaware) Inc.
|
100%
|
BT Foreign Investment Corporation
|
100%
|
Bankers Trust AG
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to Bankers Trust International PLC is shown
below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
Bankers International Corporation
|
100%
|
BT Holdings (Europe) Limited
|
100%
|
Bankers Trust Holdings (UK) Limited
|
100%
|
Bankers Trust Investments PLC
|
100%
|
Bankers Trust International PLC
EXHIBIT TO ITEM 7
The chain of ownership from Bankers Trust New York
Corporation to BT Australia Limited is shown below:
Bankers Trust New York Corporation
|
100%
|
Bankers Trust Company
|
100%
|
Bankers International Corporation
|
100%
|
B.T. International (Delaware), Inc.
|
100%
|
BT Foreign Investment Corporation
|
100%
|
BT Investments (Australia) Limited
|
100%
|
Bankers Trust Australia Limited
|
100%
|
BT Australia Limited
