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                                                     EXHIBIT 20


SOUTHERN CALIFORNIA EDISON COMPANY
An EDISON INTERNATIONAL Company


FOR IMMEDIATE RELEASE

                                         Contact:  Cathy Sedlik
                                                 (626) 302-2255
                World Wide Web Address:  http://www.edisonx.com

                   Rate Reduction Bonds Sold

   ROSEMEAD, Calif., Dec. 11, 1997 -- Southern California Edison announced
today the sale of $2.463 billion of rate reduction bonds.

   The bonds, which were issued by a special purpose trust created by the
California Infrastructure and Economic Development Bank on behalf of
Edison, were rated Triple-A by all four major bond-rating services. 

   The bonds were divided into seven classes, with maturities ranging from
one to 10 years.  In aggregate, the bonds carry a five-year average life
and a weighted average yield of 6.38 percent.

   The bonds were sold in accordance with state law to provide a 10% rate
reduction for residential and small commercial customers of California's
investor-owned utilities, effective Jan. 1, 1998.  This rate reduction
will remain in effect for approximately four years.  The bonds will save
Edison customers $486 million in net present value terms.

   "The rate-reduction bonds offer the most effective and equitable way
to lower" customer rates and facilitate the transition to a competitive
marketplace," said Ted Craver, Edison's vice president and treasurer.

   The bonds are among the $7.4 billion in bonds approved by the
California Infrastructure and Economic Development Bank and the California
Public Utilities Commission for sale by California's three investor-owned
utilities. 

   The lead underwriter was Salomon Smith Barney, with Lehman Brothers as
program manager.  

                            #  #  #

   Southern California Edison is one of six Edison International
companies.  It is the nation's second largest investor-owned electric
utility, serving more than 11 million people in a 50,000-square-mile area
within central, coastal and southern California.  The other related
companies are Edison Mission Energy, Edison Capital, Edison Source, Edison
EV (Electric Vehicles), and Edison Select.