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                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 Report (Date of earliest event reported)
                        December 14, 1999


                       INDIANA ENERGY, INC.
      (Exact name of registrant as specified in its charter)


              Indiana            01-9091           35-1654378
     (State of incorporation) (Commission File  (I.R.S. Employer
                                 Number)        Identification No.)

       1630 N. Meridian Street                       46202
        Indianapolis, Indiana                      (Zip Code)
        (Address of principal
        executive offices)

Registrant's telephone number, including area code (317) 926-3351



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Item 5.  Other Events.

     On December 14, 1999, Indiana Energy, Inc., Dayton Power and Light
Company, and Number-3CHK, Inc. signed an Asset Pursuant Agreement.
Subsequently on December 16, 1999, Indiana Energy, Inc., and Merrill
Lynch Capital Corporation executed a commitment letter pertaining to a
364-Day Revolving Credit Facility.  Pursuant to General Instruction F
to Form 8-K, the Asset Purchase Agreement and the Commitment Letter are
incorporated herein by reference and is attached hereto.

Item 7.   Exhibits.

     (c)  Exhibits.

          The following exhibits are filed as a part of this report:


    Exhibit
         Number Description
            2   Asset Purchase Agreement by and between Indiana
                Energy, Inc., Dayton Power and Light Company, and
                Number-3CHK dated December 14, 1999

          99.1  Commitment Letter between Indiana Energy, Inc. and
                Merrill Lynch Capital Corporation for a 364-Day
                Revolving Credit Facility dated December 16, 1999

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

                                   INDIANA ENERGY, INC.

Dated: December 22, 1999



                                   By:   /s/ Carl L. Chapman
                                        __________________________
                                        Carl L. Chapman
                                        Chief Financial Officer



                                   By:  /s/ Jerome A. Benkert
                                        __________________________
                                        Jerome A. Benkert
                                        Vice President and Controller


                           EXHIBIT LIST

    Exhibit
         Number Description                                  Page
            2   Asset Purchase Agreement by and
                between Indiana Energy, Inc.,
                Dayton Power and Light Company,
                and Number-3CHK dated December 14,
                1999

          99.1  Commitment Letter between Indiana
                Energy, Inc. and Merrill Lynch
                Capital Corporation for a 364-Day
                Revolving Credit Facility dated
                December 16, 1999