UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


Date of earliest event reported:    October 8, 1999
Date of  report:                    October 18, 1999

Commission             Registrant, State of Incorporation,    I.R.S. Employer
File Number              Address and Telephone Number         Identification No.

1-1443                 Central and South West Corporation      51-0007707
                       (A Delaware Corporation)
                       1616 Woodall Rodgers Freeway
                       Dallas, Texas 75202-1234
                       (214) 777-1000






GLOSSARY OF TERMS
The following abbreviations or acronyms used in this text are defined below:

Abbreviation or Acronym    Definition
AEP........................American Electric Power Company, Inc., Columbus, Ohio
AEP Merger.................Proposed merger between AEP and CSW pursuant to which
                           CSW would become a wholly-owned subsidiary of AEP
CSW........................Central and South West Corporation, Dallas, Texas
CSW Energy.................CSW Energy, Inc., Dallas Texas
GE Capital.................GE Capital Structured Finance Group, a division of GE
                           Capital


















FORWARD-LOOKING INFORMATION
This report made by CSW contains  forward-looking  statements within the meaning
of Section 21E of the Exchange Act.  Although CSW believes that its expectations
are based on reasonable  assumptions,  any such  statements may be influenced by
factors that could cause actual outcomes and results to be materially  different
from those  projected.  Important  factors  that could cause  actual  results to
differ materially from those in the forward-looking  statements include, but are
not limited to:

- -  the  impact of  general  economic  changes  in the  United  States  and in
   countries  in which CSW either  currently  has made or in the future may make
   investments,
- -  the impact of the proposed AEP Merger  including  any  regulatory  conditions
   imposed on the merger,  the inability to consummate the AEP Merger,  or other
   merger and acquisition activity,
- -  the impact of deregulation on the United States  electric  utility  business,
   especially in the States comprising the CSW System's service territory,
- -  federal and state regulatory developments and changes in law which may have a
   substantial  adverse  impact on the value of CSW System  generating and other
   assets,
- -  timing and adequacy of rate relief,
- -  adverse changes in electric load and customer growth,
- -  climatic changes or unexpected changes in weather patterns, and
- -  changing fuel prices, generating plant and distribution facility performance.







ITEM 5.  OTHER EVENTS
A news release  concerning a joint  announcement by CSW Energy and GE Capital of
sale of a 50% interest in CSW Energy's Sweeny electric  generating plant located
in Texas is included as Exhibit 99.1 and incorporated by reference.  CSW expects
to realize  after-tax  earnings  from the sale of  approximately  $33 million or
$0.16 per share which will be recorded in the fourth quarter of 1999.




ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c)  Exhibits.

     Exhibit 99.1  CSW News Release dated October 14, 1999 related to the sale
                   of 50% of CSW Energy's interest in the Sweeny electric
                   generating plant.






SIGNATURES

      Pursuant to the  requirements  of the Securities  Exchange Act of 1934, as
amended,  each registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


                                    CENTRAL AND SOUTH WEST CORPORATION


Date:  October 18, 1999

                                    By:  /s/ Lawrence B. Connors
                                             Lawrence B. Connors
                                         Controller and Chief Accounting Officer
                                             (Principal Accounting Officer)