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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an application to determine eligibility of a Trustee
pursuant to Section 305(b)(2) _____
________________________
CITIBANK, N.A.
(Exact name of trustee as specified in its charter)
13-5266470
(I.R.S. employer
identification no.)
399 Park Avenue, New York, New York 10043
(Address of principal executive office) (Zip Code)
_____________________________________
MICHIGAN CONSOLIDATED GAS COMPANY
(Exact name of obligor as specified in its charter)
Michigan 38-0478040
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
500 Griswold Street
Detroit, MI 48226
(Address of Principal Executive Offices) (Zip Code)
______________________
First Mortgage Bonds
(Title of the indenture securities)
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Item 1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority
to which it is subject.
Comptroller of the Currency, Washington, D.C.
Federal Reserve Bank of New York, New York, NY
33 Liberty Street, New York, NY
Federal Deposit Insurance Corporation, Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
Item 2.Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation
None.
Item 16. List of Exhibits.
List below all exhibits filed as a part of this Statement of
Eligibility.
Exhibits identified in parentheses below, on file with the
Commission, are incorprated herein by reference as exhibits hereto.
Exhibit 1 - Copy of Articles of Association of the Trustee, as now
in effect. (Exhibit 1 to T-1 to Registration Statement No. 2-79983)
Exhibit 2 - Copy of certificate of authority of the Trustee to
commence business. (Exhibit 2 to T-1 to Registration Statement
No. 2-29577)
Exhibit 3 - Copy of authorization of the Trustee to exercise
corporate trust powers. (Exhibit 3 to T-1 to Registration
Statement No. 2-55519)
Exhibit 4 - Copy of existing By-Laws of the Trustee. (Exhibit 4 to
T-1 to Registration Statement No. 33-34988)
Exhibit 5 - Not applicable.
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Exhibit 6 - The consent of the Trustee required by Section 321(b)
of the Trust Indenture Act of 1939. (Exhibit 6 to T-1 to
Registration Statement No. 33-19227.)
Exhibit 7 -Copy of the latest Report of Condition of Citibank,
N.A. (as of June 30, 1996 - attached)
Exhibit 8 - Not applicable.
Exhibit 9 - Not applicable.
_____________________
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the
Trustee, Citibank, N.A., a national banking association organized and existing
under the laws of the United States of America, has duly caused this statement
of eligibility to be signed on its behalf by the undersigned, thereunto duly
authorized, all in The City of New York and State of New York, on the 4th day
of November, 1996.
CITIBANK, N.A.
By /s/Wafaa Orfy
---------------------------
Senior Trust Officer
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Charter No. 1461
Comptroller of the Currency
Northeastern District
REPORT OF CONDITION
CONSOLIDATING
DOMESTIC AND FOREIGN
SUBSIDIARIES OF
CITIBANK, N.A.
OF NEW YORK IN THE STATE OF NEW YORK, AT THE CLOSE OF BUSINESS ON JUNE 30,
1996, PUBLISHED IN RESPONSE TO CALL MADE BY COMPTROLLER OF THE CURRENCY, UNDER
TITLE 12, UNITED STATES CODE, SECTION 161. CHARTER NUMBER 1461 COMPTROLLER OF
THE CURRENCY NORTHEASTERN DISTRICT.
ASSETS
THOUSANDS
OF DOLLARS
Cash and balances due from de-
pository institutions:
Noninterest-bearing balances
and currency and coin $ 7,503,000
Interest-bearing balances 11,133,000
Held-to-maturity securities 0
Available-for-sale securities 19,790,000
Federal funds sold and securities
purchased under agreements to
resell in domestic offices of the
bank and of its Edge and Agree-
ment subsidiaries, and in IBFs:
Federal funds sold 3,275,000
Securities purchased under
agreements to resell 289,000
Loans and lease financing receiv-
ables:
Loans and Leases, net of un-
earned income $148,323,000
LESS: Allowance for loan
and lease losses 4,426,000
LESS: Allocated transfer
risk reserve 0
---------
Loans and leases, net of un-
earned income, allowance,
and reserve 143,897,000
Trading assets 25,876,000
Premises and fixed assets (includ-
ing capitalized leases) 3,477,000
Other real estate owned 757,000
Investments in unconsolidated
subsidiaries and associated com-
panies 1,165,000
Customers' liability to this bank
on acceptances outstanding 1,981,000
Intangible assets 59,000
Other assets 7,733,000
------------
TOTAL ASSETS $226,935,000
============
LIABILITIES
Deposits:
In domestic offices $ 34,406,000
Noninterest-
bearing $ 11,994,000
Interest-
bearing 22,412,000
------------
In foreign offices, Edge and
A subsidiaries, and
IBFs 128,771,000
Noninterest-
bearing 8,568,000
Interest-
bearing 120,203,000
------------
Federal funds purchased and se-
curities sold under agreements
to repurchase in domestic offices
of the bank and of its Edge and
Agreement subsidiaries, and in
IBFs:
Federal funds purchased 1,687,000
Securities sold under agree-
ments to repurchase 458,000
Demand notes issued to
the U.S. Treasury 0
Trading liabilities 16,538,000
Other borrowed money:
With a remaining maturity of one
year or less 9,864,000
With a remaining maturity of more
than one year 4,695,000
Mortgage indebtedness and obli-
gations under capitalized leases 138,000
Bank's liability on acceptances ex-
ecuted and outstanding 2,033,000
Subordinated notes and
debentures 4,700,000
Other liabilities 8,230,000
------------
TOTAL LIABILITIES $211,520,000
============
Limited-life preferred stock
and related surplus 0
EQUITY CAPITAL
Perpetual preferred stock
and related surplus 0
Common stock $ 751,000
Surplus 6,863,000
Undivided profits and capital re-
serves 8,036,000
Net unrealized holding gains (losses)
on available-for-sale securities 343,000
Cumulative foreign currency
translation adjustments (578,000)
------------
TOTAL EQUITY CAPITAL $ 15,415,000
------------
TOTAL LIABILITIES, LIMITED-
LIFE PREFERRED STOCK, AND
EQUITY CAPITAL $226,935,000
============
I, Roger W. Trupin, Controller of the above-
named bank do hereby declare that this
Report of Condition is true and correct to the
best of my knowledge and belief.
ROGER W. TRUPIN
We, the undersigned directors, attest to
the correctness of this Report of Condition.
We declare that it has been examined by us,
and to the best of our knowledge and belief
has been prepared in conformance with the
instructions and is true and correct.
PAUL J. COLLINS
JOHN S. REED
WILLIAM R. RHODES
DIRECTORS
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM T-2
STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939 OF AN
INDIVIDUAL DESIGNATED TO ACT AS TRUSTEE
Check if an application to determine eligibility of a trustee
pursuant to Section 305(b) (2)
ROBERT T. KIRCHNER ###-##-####
(Name of Trustee) (Social Security Number)
120 Wall Street, New York, New York 10043
(Business Address: Street, City and Zip Code)
__________________
MICHIGAN CONSOLIDATED GAS COMPANY
(Exact name of obligor as specified in its charter)
MICHIGAN 38-0478040
(State or other jurisdiction of (I.R.S. employee
incorporation or organization) identification no.)
500 Griswold Street
Detroit, MI 48226
(Address of principal executive offices) (Zip Code)
FIRST MORTAGE BONDS
(Title of the indenture securities)
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1. Affiliations with obligor and underwriters.
If the obligor or any underwriter for the obligor is an affiliate of the
trustee, describe each such affiliation.
None.
2. Trusteeships under other indentures.
If the trustee is a trustee under another indenture under which any
other securities, or certificates of interest or participation in any other
securities, of the obligor are outstanding, file a copy of each such
indenture as an exhibit and furnish the following information.
(a) Title of the securities outstanding under each other indenture.
None.-The Trustee is one of the Trustees under the obligor's Indenture
of Mortgage and Deed of Trust dated as of March 1, 1944, as supplemented.
The securities, proposed to be offered, will be issued under said Mortgage
Indenture, as supplemented by a Thirty-Fourth Supplemental Indenture, dated
as of November 1, 1996, which has been qualified under the Trust Indenture
Act of 1939.
(b) A brief statement of the facts relied upon by the trustee as a
basis for the claim that no conflicting interest within the meaning of
section 310(b)(1) of the Act arises as a result of the trusteeship under
such other indenture, including a statement whether the indenture securities
will rank equally with the securities issued under such other indentures.
Inapplicable.
3. Certain relationships between trustee and the obligor or an underwriter.
If the trustee is a director, officer, partner, employee, appointee or
representative of the obligor or of any underwriter for the obligor, state
the nature of each such connection.
None.
4. Securities of the obligor owned or held by the trustee.
Furnish the following information as to securities of the obligor owned
beneficially by the trustee or held by the trustee as collateral for
obligations in default:
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As of November 1, 1996
Col. A Col. B Col. C Col. D
Whether the Amount owned Percent of Class
securities are beneficially or represented by
voting or nonvoting held as collateral amount given in
securities security for Col. C
Title of Class obligations in
default
None.
5. Securities of underwriters owned or held by the trustee.
If the trustee owns beneficially or holds as collateral security for
obligations in default any securities of an underwriter for the obligor,
furnish the following information as to each class of securities of such
underwriter any of which are so owned or held by the trustee.
As of November 1, 1996
Col. A Col. B Col. C Col. D
Amount owned Percent of voting
beneficially or securities
held as collateral represented by
security for amount given in
Name of Issuer and obligations in Col. C
Title of Class Amount Outstanding default
None.
6. Holdings by the trustee of voting securities of certain affiliates or
principal holders of voting securities of the obligor.
If the trustee owns beneficially or holds as collateral security for
obligations in default voting securities of a person who, to the knowledge
of the trustee (1) owns 10% or more of the voting securities of the obligor
or (2) is an affiliate, other than a subsidiary, of the obligor, furnish the
following information as to the voting securities of such person.
As of November 1, 1996
Col. A Col. B Col. C Col. D
Amount owned Percent of voting
beneficially or securities
held as collateral represented by
security for amount given in
Name of Issuer and obligations in Col. C
Title of Class Amount Outstanding default
None.
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7. Holdings by the trustee of any securities of a person owning 50 per cent
or more of the voting securities of the obligor.
If the trustee owns beneficially or holds as collateral security for
obligations in default any securities of a person who, to the knowledge of
the trustee, owns 50% or more of the voting securities of the obligor,
furnish the following information as to each class of securities of such
person any of whom are so owned or held by the trustee.
As of November 1, 1996
Col. A Col. B Col. C Col. D
Amount owned Percent of voting
beneficially or securities
held as collateral represented by
security for amount given in
Name of Issuer and obligations in Col. C
Title of Class Amount Outstanding default
None.
8. List of exhibits.
List below all exhibits filed as a part of this statement of
eligibility and qualification.
None.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, I, Robert
T. Kirchner, have signed this statement of eligibility and qualification in the
city of New York and State of New York, on the 4th day of November, 1996.
By /s/Robert T. Kirchner, Trustee
--------------------------------------
(Robert T. Kirchner, Trustee)
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