Duke Energy Corporation
Years Ended December 31

(In Millions)
1997
1996
1995

Common Stock
  Balance at beginning of year $ 4,289.3 $ 4,296.8 $ 4,275.8
  Stock issued for purchase of assets --  --  2.5
  Stock repurchased (Note 16) --  ( 30.8 ) -- 
  Dividend reinvestment and employee benefits ( 9.9 ) 23.3 18.5
  Other capital stock transactions, net 4.3 --  -- 
 
    Balance at end of year 4,283.7 4,289.3 4,296.8
 
Retained Earnings
  Balance at beginning of year 3,051.9 2,715.7 2,292.2
  Net income 974.4 1,074.3 1,018.1
  Common stock dividends ( 682.2 ) ( 565.6 ) ( 542.2 )
  Preferred and preference stock dividends and
    premiums on redemptions (Note 14) ( 72.8 ) ( 44.2 ) ( 48.9 )
  Other capital stock transactions, net ( 15.3 ) ( 128.3 ) ( 3.5 )
 
    Balance at end of year 3,256.0 3,051.9 2,715.7
 
Total Common Stockholders’ Equity $ 7,539.7 $ 7,341.2 $ 7,012.5

See Notes to Consolidated Financial Statements