-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RxuMIZMsyQTzE2huCn/D0RzT3kDmUfORqpPkOGR69dqJPhHZTKwqAQ8bSRSC9FzP
 grGju/s1NnlqCxtDtXMkDQ==

<SEC-DOCUMENT>0000806085-96-000130.txt : 19960911
<SEC-HEADER>0000806085-96-000130.hdr.sgml : 19960911
ACCESSION NUMBER:		0000806085-96-000130
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960910
SROS:			NASD

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMONWEALTH EDISON CO
		CENTRAL INDEX KEY:			0000022606
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				360938600
		STATE OF INCORPORATION:			IL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-32529
		FILM NUMBER:		96627886

	BUSINESS ADDRESS:	
		STREET 1:		ONE FIRST NATIONAL PLZ 37TH FL
		STREET 2:		P O BOX 767
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60690
		BUSINESS PHONE:		3123944321

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEHMAN BROTHERS HOLDINGS INC
		CENTRAL INDEX KEY:			0000806085
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				133216325
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		AMERICAN EXPRESS TWR
		STREET 2:		3 WORLD FINANCIAL CNTR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048
		BUSINESS PHONE:		2125267000

	MAIL ADDRESS:	
		STREET 1:		AMERICAN EXPRESS TOWER 15TH FL
		STREET 2:		2 WORLD TRADE CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SHEARSON LEHMAN HUTTON HOLDINGS INC
		DATE OF NAME CHANGE:	19901017
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<DESCRIPTION>COMMONWEALTH EDISON COMPANY 13G
<TEXT>

   
                          Lehman Brothers Holdings Inc.
                       3 World Financial Center, 24th Floor
                                New York, NY 10285


                          OFFICE OF THE GENERAL COUNSEL


                                                 September 10, 1996


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549

Attn:  Document Control--EDGAR

       Re: SCHEDULE 13G

Dear Commissioner:

    On behalf of Lehman  Brothers  Holdings  Inc.  (the  "Reporting  Person"),
submitted in electronic form for filing, is a Schedule 13G relating  to the
Reporting Person's ownership of $9.00 Preferred Stock of Commonwealth Edison
Company.

    Lehman  Brothers  Holdings  Inc.  is wiring the  $100.00  fee to the SEC's
account at Mellon Bank for this filing today.

    If you have any  questions  regarding  this  filing,  please  contact  the
undersigned at (212) 526-1911.


                                                 Very truly yours,

                                                 /s/ Karen C. Manson
                                                 -------------------
                                                 Karen C. Manson
                                                 Vice President
                                                 Secretary


Enclosure

cc:   Commonwealth Edison Company
      National Association of Securities Dealers, Inc.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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