Pricing Supplement No. 5 Dated March 28, 1996                  Rule 424(b)(3)
(To Prospectus dated February 23, 1996 as                  File No. 333-00973
supplemented by Prospectus Supplement dated 
February 26, 1996)
$75,000,000
Public Service Company of Oklahoma
Medium-Term Notes, Series A

                                                                   
Principal Amount:           $10,000,000  Interest Rate:       6.43%
Selling Agent's Commission: .51 %        Maturity Date:       3-30-2000
Purchasing Agent's Discount:N/A %        Original Issue Date: 4-2-96
Net Proceeds to Issuer:     9,949,000.00 Issue Price:         100%              
Reallowance:                N/A%         
Selling Concession:         N/A%


Interest Payment Dates:        February 1 and August 1
Initial Interest Payment Date: August 1, 1996
Regular Record Dates:          January 15 next preceding a February 1 Interest
                               Payment Date or July 15 next preceding an 
                               August 1 Interest Payment Date
Redemption:
[ X]       The Notes cannot be redeemed prior to Stated Maturity
[  ]       The Notes may be redeemed prior to Stated Maturity
           In Whole:              Yes ____          No ____
           In Part:               Yes ____          No ____          
           Initial Redemption Date:                 __________________
           Redemption Limitation Date:               _______________
           Annual Redemption Percentage Reduction: _______% until Redemption 
             Percentage is 100% of the principal amount.

Optional Repayment:
[ X]       The Notes cannot be repaid prior to Stated Maturity.
[  ]       The Notes can be repaid prior to Stated Maturity at the option of
           the holder of the Notes.
           Optional Repayment Dates:
           Repayment Price:                   ____%
           Election Period:       From ________ to _________

Form:      [X]      Book Entry                [   ]   Certificated

Agent(s):              [ X ]   Smith Barney Inc.                                

                       [   ]   Morgan Stanley & Co.                  
                                 Incorporated
                       [   ]   Other __________

Agent acting in the capacity as indicated below:
                       [ X ] Agent                       [   ] Principal

Other Provisions:       Chemical Bank in New York, New York has been appointed
                        paying agent and authenticating agent for the Notes.

N/A means "Not Applicable".

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR BY ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OF THIS PRICING SUPPLEMENT.  ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.