-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 EHvtfW5ecngk5GPD/3TC8s9OPHhQiyUX3+e5i6lGVY8tM3hsWucPRIiNQlrwBzyr
 s+oj0bjI58hxhf9Ot5/lCA==

<SEC-DOCUMENT>0000806085-96-000094.txt : 19960711
<SEC-HEADER>0000806085-96-000094.hdr.sgml : 19960711
ACCESSION NUMBER:		0000806085-96-000094
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19960710
SROS:			NONE

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PSI ENERGY INC
		CENTRAL INDEX KEY:			0000081020
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				350594457
		STATE OF INCORPORATION:			IN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-10421
		FILM NUMBER:		96593138

	BUSINESS ADDRESS:	
		STREET 1:		1000 E MAIN ST
		CITY:			PLAINFIELD
		STATE:			IN
		ZIP:			46168
		BUSINESS PHONE:		3178399611

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUBLIC SERVICE CO OF INDIANA INC
		DATE OF NAME CHANGE:	19900509

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>PSI ENERGY INC. 13-G
<TEXT>

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


                                                OFFICE OF THE GENERAL COUNSEL

                                                        July 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 6.875% Series Cumulative  Preferred Stock of PSI
Energy Inc.

         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:   PSI Energy Inc.
      New York Stock Exchange


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