CENTRAL AND SOUTH <CSR> UNIT TO REDEEM STOCK
Central and South West Corp said it
Southwestern Electric Power Co subsidiary will redeem all
300,000 shares outstanding of its 8.16 pct preferred stock, par
value 100 dlrs per share, on May one.
    It said the redemption price is 103.72 dlrs a share plus
accrued and unpaid dividends from April one to May one of 68
cts per share for a total of 194.40 dlrs a share paid to
shareholders.
 Reuter
