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     As filed with the Securities and Exchange Commission on June 14, 1996
                                             REGISTRATION STATEMENT NO. 33-59462


                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549
                                ________________

                         Post-Effective Amendment No. 1
                                       to
                                    FORM S-3
                             REGISTRATION STATEMENT
                                     Under
                           THE SECURITIES ACT OF 1933
                                ________________

                       WESTINGHOUSE ELECTRIC CORPORATION
               (Exact name of Registrant as specified in charter)

      Pennsylvania                                       25-0877540
 (State of incorporation)                   (I.R.S. Employer Identification No.)


 Westinghouse Building, 11 Stanwix Street, Pittsburgh, Pennsylvania  15222
                                 (412) 244-2000
    (Address, including zip code, and telephone number, including area code,
                  of Registrant's principal executive offices)

                          Angeline C. Straka, Esquire
                         Vice President, Secretary and
                           Associate General Counsel

   Westinghouse Building, 11 Stanwix Street, Pittsburgh, Pennsylvania  15222
                                 (412) 244-2000
 (Name, address, including zip code, and telephone number, including area code,
                             of agent for service)


  THIS POST-EFFECTIVE AMENDMENT NO. 1, FILED BY WESTINGHOUSE ELECTRIC
CORPORATION (THE "COMPANY") AS THE SUCCESSOR, AMENDS THE REGISTRATION STATEMENT
ON FORM S-3 (REGISTRATION NO. 33-59462) FILED BY CBS INC. ON MARCH 12, 1993
WITH RESPECT TO AN ISSUANCE OF DEBT SECURITIES, BY DEREGISTERING THE REMAINING
$350,000,000, WHICH WERE NOT ISSUED.


- --------------------------------------------------------------------------------
   TITLE OF CLASS SECURITIES                  AMOUNT               AMOUNT
         REGISTERED                         REGISTERED       BEING DEREGISTERED
- --------------------------------------------------------------------------------
      Debt Securities                      $450,000,000          $350,000,000
- --------------------------------------------------------------------------------


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                                 DEREGISTRATION

  The Company hereby deregisters $350,000,000 debt securities which were not
issued and were registered under a Registration Statement on Form S-3
(Registration No. 33-59462) filed by CBS Inc. on March 12, 1993.


                                    EXHIBITS

             Exhibit No.                            Description
             -----------                            -----------
                 24                                 Powers of Attorney


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                                   SIGNATURES

      Pursuant to the requirements of the Securities Act of 1933, the
Registrant has duly caused this Post-Effective Amendment No. 1 to the
Registration Statement to be signed on its behalf by the undersigned, 
thereunto duly authorized, in the City of Pittsburgh, on June 14, 1996.


                                WESTINGHOUSE ELECTRIC CORPORATION


                                By:          /s/ Fredric G. Reynolds
                                    -----------------------------------------
                                                Fredric G. Reynolds
                                            Executive Vice President and
                                               Chief Financial Officer


      Pursuant to the requirements of the Securities Act, this Post-Effective
Amendment No. 1 to the Registration Statement has been signed by the following
persons in the capacities indicated on June 14, 1996.

      Signatures                                    Title
      ----------                                    -----

          *                              Chairman and Chief Executive Officer
- --------------------------               (principal executive officer)
(Michael H. Jordan)                      and Director


          *                              President and Director
- --------------------------
(Gary M. Clark)


          *                               Executive Vice President and 
- --------------------------                Chief Financial Officer 
(Fredric G. Reynolds)                     (principal financial officer 
                                          and principal accounting officer)


          *                               Director
- --------------------------
(Frank C. Carlucci)


          *                               Director
- --------------------------
(Robert E. Cawthorn)


          *                               Director
- --------------------------
(George H. Conrades)


          *                               Director
- --------------------------
(William H. Gray III)


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          *                               Director
- --------------------------
(David K. P. Li)

          *                               Director
- --------------------------
(David T. McLaughlin)


          *                               Director
- --------------------------
(Richard R. Pivirotto)


          *                               Director
- --------------------------
(Paula Stern)


          *                               Director
- --------------------------
(Robert D. Walter)


*By Power of Attorney


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                                 Exhibit Index
                                 -------------

Exhibit No.                       Description                    Page
- -----------                       -----------                    ----
   24                          Powers of Attorney                  6