Document:

SOUTHERN CALIFORNIA EDISON COMPANY

                        Authorized Officer's Certificate
                    Pursuant to Section 301 of the Indenture

     Mary C. Simpson, an Authorized Officer of Southern California Edison
Company, a California corporation (the "Company"), acting pursuant to the March
16, 2000, and November 6, 2000, resolutions of the Board of Directors and the
Executive Committee of the Board of Directors of the Company (the "Board
Resolutions") hereby determines that:

     1. The Company shall issue a series of the Securities referred to in the
Board Resolution under the Indenture, dated as of January 15, 1993 (the
"Indenture"), between the Company and Harris Trust and Savings Bank (now The
Bank of New York), as Trustee (the "Trustee"), in accordance with the following
terms:

          (a) The title of the Debt Securities shall be the "Variable Rate Notes
     due 2003" (the "Notes").

          (b) The aggregate principal amount of the Notes to be authenticated
     and delivered under the Indenture shall be limited to $1,000,000,000
     (except for Notes authenticated and delivered upon registration of transfer
     of, or in exchange for, or in lieu of, other Notes pursuant to Sections
     304, 305, 306, 906 or 1107 of the Indenture).

          (c) The Notes shall mature on November 3, 2003.

          (d) The Notes shall bear interest at the rate of 7.20%, subject to
     adjustment as set forth below, from November 8, 2000. The Interest Payment
     Dates for the Notes shall be May 1 and November 1 in each year, commencing
     May 1, 2001, through the maturity date of November 3, 2003. Interest will
     be paid to holders of record on the 15th calendar day before each Interest
     Payment Date. If any scheduled Interest Payment Date falls on a day that is
     not a business day, it will be postponed to the following business day. If
     the maturity date of the Notes falls on a day that is not a business day,
     the Company will make the required payment of principal and/or interest on
     the following business day. Additional interest will not accrue as a result
     of this delayed payment. The Regular Record Dates for the interest payable
     on such Interest Payment Dates shall be the 15th calendar day before each
     Interest Payment Dates.

     Interest on the Notes will be calculated on the basis of a 360-day year
     consisting of twelve 30-day months. All dollar amounts resulting from such
     calculation will be rounded, if necessary, to the nearest cent with
     one-half cent rounded upward.

     The interest rate for the Notes will be subject to adjustment until May 1,
     2002. In the event of a downgrade in the senior unsecured long-term debt
     rating of the Company (the "Rating") below A3 by Moody's Investors Service,
     Inc. ("Moody's") or below A- by Standard & Poor's Rating Service ("S&P"),
     the interest rate on the Notes will be adjusted in accordance with the
     table below.

     If, prior to May 1, 2002, either Moody's or S&P changes the Rating
     subsequent to an adjustment in the interest rate as a result of a previous
     Rating change by Moody's or S&P, the interest rate on the Notes will be
     re-adjusted in accordance with the table below.

     The Notes will bear interest at an annual rate of 7.20% from November 8,
     2000,until the first day of the first Interest Period following a downgrade
     in the Rating below A3 by Moody's or A- by S&P.

<PAGE>

     Beginning with the first day of the first Interest Period after a Rating
     change by Moody's or S&P, the Notes will bear interest at an adjusted
     interest rate. Subsequent interest rate adjustments (whether the adjustment
     is up or down) will also become effective on the first day of the first
     Interest Period after such Rating change.

     The adjusted annual interest rate for the Notes will be 7.20% increased by
     the sum of the Moody's and S&P adjustment amounts set forth below.
<TABLE>
<CAPTION>

  ----------------------------- --------------------- ---------------------  ------------------
                                       Moody's                                       S&P
           Moody's Rating             Adjustment                                 Adjustment
                                        Amount               S&P Rating            Amount
  -------------------------------------------------------------------------  ----------------
<S>                                    <C>                   <C>                     <C>
                    A3                    0.000%                   A-                0.000%
  ----------------------------- --------------------- --------------------- ------------------
                    Baa1                  0.125%                  BBB+               0.125%
  ----------------------------- --------------------- --------------------- ------------------
                    Baa2                  0.250%                  BBB                0.250%
  ----------------------------- --------------------- --------------------- ------------------
                    Baa3                  0.375%                  BBB-               0.375%
  ----------------------------- --------------------- --------------------- ------------------
                Ba1 or lower              0.875%              BB+ or lower           0.875%
  ----------------------------- --------------------- --------------------- ------------------
</TABLE>

          (e) Payment of the principal of, and interest on, the Notes will be
     made at the Corporate Trust Office of The Bank of New York maintained for
     that purpose in the City of Chicago, State of Illinois, in such coin or
     currency of the United States of America as at the time of payment is legal
     tender for the payment of public and private debts; provided, however, that
     at the option of the Company, payment of interest may be made by check
     mailed to the address of the person entitled thereto as such address shall
     appear in the Security Register or by wire transfer to an account
     designated by such person pursuant to an arrangement that is satisfactory
     to the Trustee and the Company.

          (f) The Notes may be redeemed in whole or in part at the Company's
     option at any time at a redemption price equal to the greater of (1) the
     principal amount to be redeemed or (2) the sum of the present values of the
     remaining scheduled payments of principal and interest on the Notes to be
     redeemed, discounted to the redemption date on a semiannual basis (assuming
     a 360-day year consisting of twelve 30-day months) at the Treasury Yield
     plus 0.25%, as determined by the Independent Investment Banker.

          "Comparable Treasury Issue" means the United States Treasury security
     selected by an Independent Investment Banker as having a maturity
     comparable to the remaining term of the Notes that would be utilized, at
     the time of selection and in accordance with customary financial practice,
     in pricing new issues of corporate debt securities of comparable maturity
     to the remaining term of the Notes.

          "Comparable Treasury Price" means, with respect to any Redemption
     Date, (i) the average of the bid and asked prices for the Comparable
     Treasury Issue (expressed in each case as a percentage of its principal
     amount) on the third business day preceding such Redemption Date, as set
     forth in the daily statistical release (or any successor release) published
     by the Federal Reserve Bank of New York and designated "Composite 3:30 p.m.
     Quotations for U.S. Government Securities" or (ii) if that release (or any
     successor release) is not published or does not contain such prices on such
     business day, (A) the average of the Reference Treasury Dealer Quotations
     for such Redemption Date, after excluding the highest and lowest such
     Reference Treasury Dealer Quotations for such Redemption Date, or (B) if
     the Independent Investment Banker obtains fewer than four such Reference
     Treasury Dealer Quotations, the average of all such Quotations.

          "Independent Investment Banker" means Chase Securities Inc. or Lehman
     Brothers Inc., as selected by the Company, or, if such firms are unwilling
     or unable to select the Comparable Treasury Issue, an independent
     investment banking institution of national standing selected by the Company
     and appointed by the Trustee.

<PAGE>

          "Interest Period" means the period commencing on an Interest Payment
     Date for the Notes (or commencing on the issue date for the Notes, if no
     interest has been paid or duly made available for payment since that date)
     and ending on the day before the next succeeding Interest Payment Date for
     the Notes.

          "Reference Treasury Dealer" means each of Chase Securities Inc.,
     Lehman Brothers Inc., Banc of America Securities LLC, Credit Suisse First
     Boston Corporation and Salomon Smith Barney Inc., and their respective
     successors, provided, however, that if any of the foregoing shall cease to
     be a primary U.S. Government Securities dealer (a "Primary Treasury
     Dealer"), the Company shall substitute for it another Primary Treasury
     Dealer.

          "Reference Treasury Dealer Quotations" means, with respect to each
     Reference Treasury Dealer and any Redemption Date, the average, as
     determined by the Trustee, of the bid and asked prices for the Comparable
     Treasury Issue (expressed in each case as a percentage of its principal
     amount) quoted in writing to the Trustee by such Reference Treasury Dealer
     at 5:00 p.m. on the third business day preceding such Redemption Date.

          "Treasury Yield" means, with respect to any Redemption Date, the rate
     per annum equal to the semiannual equivalent yield to maturity of the
     Comparable Treasury Issue, assuming a price for the Comparable Treasury
     Issue (expressed as a percentage of its principal amount) equal to the
     Comparable Treasury Price for the Redemption Date.

          If the Company elects to redeem less than all of the Notes, the
     Trustee shall select, in a manner it deems fair and appropriate, the
     particular Notes or portions of them to be redeemed. Notice of redemption
     shall be given by mail not less than 30 nor more than 60 days prior to the
     Redemption Date to the Holders of Notes to be redeemed (which, as long as
     the Notes are held in the book-entry only system, will be The Depository
     Trust Company, its nominees or successors). On and after the Redemption
     Date (unless the Company defaults in the payment of the Redemption Price
     and interest accrued thereon to such date), interest shall cease to accrue
     on the Notes or the portions of them called for redemption, and the Notes
     shall cease to be outstanding.

          (g) The Company shall not be obligated to redeem, repay or purchase
     the Notes pursuant to any sinking fund or analogous provision, or at the
     option of the Holder thereof.

          (h) The certificates representing the Notes will be issued in fully
     registered form, without coupons.

          (i) The Notes shall be issued in whole in the form of one or more
     Global Securities, and the Depositary for such Global Securities shall be
     The Depository Trust Company, New York, New York.

          (j) The following additional covenant will apply with respect to the
     Notes:

          The Company shall not, until May 1, 2002, directly or indirectly
     create, incur, assume or otherwise allow to exist any mortgage, lien,
     pledge, charge, security interest or encumbrance of any kind (collectively
     referred to as "liens")with respect to any of its assets or property, or
     any income or profits therefrom, for the purpose of securing any
     indebtedness for borrowed money evidenced by a bond, note, debenture,
     security or similar instrument, or any guaranty of any such indebtedness,
     unless at the same time it provides equal and ratable security for the
     benefit of the Notes which are outstanding at such time. This covenant
     shall not apply to:

<PAGE>

     o    liens arising under the indenture dated as of October 1, 1923, as
          amended and supplemented, between the Company and The Bank of New
          York, as successor trustee (the "Mortgage Indenture"), providing for
          the issuance of first and refunding mortgage bonds of the Company;
          provided, that the aggregate principal amount of the mortgage bonds
          outstanding under the Mortgage Indenture does not exceed the amount
          outstanding as of the date the notes are issued;

     o    to the extent the Company refinances or prefinances any debt under the
          Mortgage Indenture, any lien securing debt incurred by the Company
          within 91 days before or after the repurchase, redemption or
          retirement of debt under the Mortgage Indenture, provided that (i) the
          proceeds of the new debt are used to fund or replace funds used for
          the repurchase, redemption or retirement of debt under the Mortgage
          Indenture, (ii) the amount of the new debt does not exceed an amount
          equal to the sum of the amount of debt that is to be repurchased,
          redeemed or retired and the reasonable costs associated with
          repurchasing, redeeming or retiring debt under the Mortgage Indenture
          and incurring such new debt and (iii) the liens securing such new debt
          shall not encumber any assets other than those encumbered by the lien
          of the Mortgage Indenture;

     o    liens on "transition property" or securing the repayment of "rate
          reduction bonds," as such terms are defined in Section 840 of the
          California Public Utilities Code;

     o    liens on general intangibles or other property pledged to ensure the
          payment of principal and interest on debt issued to finance or
          refinance some or all of the undercollection reflected in the
          Company's Transition Revenue Account (TRA) or any other accounts
          established for the same or similar purposes as the TRA;

     o    liens incurred in connection with financing or refinancing the costs
          of air or water pollution control, solid waste disposal or sewage
          facilities;

     o    liens incurred in connection with sale-leaseback transactions by the
          Company;

     o    liens on property of a person existing at the time the capital stock
          of such person is acquired by, or such person is merged into or
          consolidated with, the Company; provided that such liens were in
          existence before the contemplation of such acquisition, merger or
          consolidation and do not extend to any assets other than those of the
          person whose capital stock was acquired by, or that was merged into or
          consolidated with, the Company;

     o    liens on property existing at the time such property is acquired by
          the Company, provided that such liens were in existence before the
          contemplation of such acquisition and do not extend to any additional
          assets;

     o    purchase money liens upon or in any real or personal property
          (including fixtures and other equipment) to secure the purchase price
          of such property or to secure indebtedness incurred solely to finance
          or refinance the acquisition or improvement of such property and
          incurred within 180 days after completion of such acquisition or
          improvement, provided that such liens do not extend to any property
          other than the property being acquired or improved;
<PAGE>

     o    liens incurred in connection with the securitization or other
          financing of revenues arising from added facilities contracts,
          generation tie-line agreements, or other arrangements in which third
          parties agree to pay over time the costs of facilities or equipment to
          be constructed and/or operated by the Company;

     o    liens to secure the performance of statutory obligations, surety or
          appeal bonds, performance bonds or other obligations of a like nature
          incurred in the ordinary course of business;

     o    liens existing on the date the Notes are issued, and any extension,
          renewal or replacement (or successive extensions, renewals or
          replacements) of any such lien; provided, that such renewal,
          replacement or extension does not cover any additional assets or
          property not contemplated by the liens existing on the date the Notes
          are issued;

     o    liens for taxes, assessments or governmental charges or claims that
          are not yet delinquent or that are being contested in good faith by
          appropriate proceedings promptly instituted and diligently concluded,
          provided that any reserve or other appropriate provision as shall be
          required in conformity with GAAP shall have been made therefor;

     o    carriers', warehousemen's, mechanics', landlords', materialmen's,
          repairmen's or other similar liens arising in the ordinary course of
          business in respect of obligations that are not yet due, are bonded or
          are being contested in good faith and by appropriate proceedings if
          adequate reserves with respect thereto are maintained on the books of
          the Company in accordance with GAAP; and

     o    liens arising by reason of a judgment, decree or court order, to the
          extent not otherwise resulting in an event of default under the
          Indenture.

     Notwithstanding the above, the Company may, without securing the Notes,
     create, assume or guarantee liens or indebtedness which would otherwise be
     subject to the foregoing restrictions, provided that, after giving effect
     thereto, the aggregate amount of all secured debt then outstanding (not
     including secured debt permitted under the foregoing exceptions) at such
     time does not exceed 10% of the consolidated net tangible assets of the
     Company.

     "consolidated net tangible assets" of the Company means, as of any
     particular time, the aggregate amount of assets after deducting therefrom
     (a) all current liabilities (excluding any such liability that by its terms
     is extendable or renewable at the option of the obligor thereon to a time
     more than 12 months after the time as of which the amount thereof is being
     computed) and (b) all goodwill, excess of cost over assets acquired,
     patents, copyrights, trademarks, tradenames, and other like intangibles,
     all as shown in the Company's most recent consolidated financial statements
     prepared in accordance with generally accepted accounting principles.

          (k) The Notes shall not be subject to discharge and defeasance at the
     option of the Company pursuant to Section 1301 of the Indenture.

          (l) The trustee, authenticating and paying agent, transfer agent and
     registrar with respect to the Notes shall be The Bank of New York.

     2. The form and terms of the Notes, attached hereto as Annex A, are hereby
approved.

<PAGE>

     3. Chase Securities Inc., Lehman Brothers Inc., Banc of America Securities
LLC, Credit Suisse First Boston Corporation and Salomon Smith Barney Inc. (the
"Underwriters") propose to offer the Notes at an initial offering price of
99.851% of their principal amount. The purchase price of the Notes to be paid by
the Underwriters shall be 99.501% of their principal amount, plus accrued
interest from November 8, 2000. The Underwriting Agreement, dated November 3,
2000, between the Company and the Underwriters, relating to the Notes, attached
hereto as Annex B, is hereby approved.

     4. The undersigned has read the provisions of Section 301 of the Indenture
and the definitions in the Indenture relating thereto, the Board Resolutions and
other corporate documents and records. In the opinion of the undersigned, she
has made such examination or investigation as is necessary to enable her to
express an informed opinion as to whether or not all conditions precedent
provided in the Indenture relating to the establishment of the forms of and
terms of a series of Notes under the Indenture, designated as the Notes in this
Certificate, have been complied with. In the opinion of the undersigned, all
such conditions precedent have been complied with.

     5. Capitalized terms used in this certificate and not otherwise defined
herein shall have the meanings ascribed to such terms in the Indenture.

<PAGE>

     IN WITNESS WHEREOF, the undersigned has executed this certificate as of
November 3, 2000.

                                                       Mary C. Simpson
                                                -------------------------------
                                                       Mary C. Simpson
                                                     Assistant Treasurer
<PAGE>

                                  ANNEX A

This Debt Security is a Global Security within the meaning of the Indenture
hereafter referred to and is registered in the name of a Depositary or a nominee
thereof. Unless and until it is exchanged in whole or in part for Debt
Securities in definitive form, this Debt Security may not be transferred except
as a whole by the Depositary to a nominee of the Depositary or by a nominee of
the Depositary to the Depositary or another nominee of the Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such
successor Depositary. Unless otherwise defined herein, all capitalized items
shall have the same meanings ascribed to them in the Indenture.

-------------------------------------------------------------------------------

Unless this certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Company or its
agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

                       SOUTHERN CALIFORNIA EDISON COMPANY
            (Incorporated under the laws of the State of California)

                          VARIABLE RATE NOTES DUE 2003

No. _____________                                    $ ____________________
                                                     CUSIP NO. 842 400 EF 6

        Southern California Edison Company, a corporation duly organized and
existing under the laws of the State of California (herein called the "Company",
which term includes any successor Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay _____________________or
registered assigns, the principal sum of _____________________________________
on November 3, 2003, and to pay interest thereon from November 8, 2000, or from
the most recent Interest Payment Date (defined below) to which interest has been
paid or duly provided for, semi-annually on May 1 and November 1 in each year,
commencing on May 1, 2001 (each an "Interest Payment Date") at the rate of
7.20% per annum (subject to adjustment as provided below), until the principal
hereof is paid or made available for payment, and at such rate per annum on any
overdue principal and on any overdue installment of interest. If any scheduled
Interest Payment Date falls on a day that is not a business day, it will be
postponed to the following business day. If the maturity date of the Debt
Security falls on a day that is not a business day, the Company will make the
required payment of principal and/or interest on the following business day.
Additional interest will not accrue as a result of this delayed payment.
Interest on the Debt Securities will be calculated on the basis of a 360-day
year consisting of twelve 30-day months. All dollar amounts resulting from such
calculation will be rounded, if necessary, to the nearest cent with one-half
cent rounded upward. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Debt Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be the 15th calendar day (whether or
not a Business Day), as the case may be, immediately preceding such Interest
Payment Date. Any such interest not so punctually paid or duly provided for will
forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Debt Security (or one or more
Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Debt Securities of this
series not less than 10 days prior to such Special Record Date, or be paid at
any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Debt Securities of this series may be
listed, and upon such notice as may be required by such exchange, all as more
fully provided in such Indenture.

<PAGE>

         Payment of the principal of and premium, if any, and interest on this
Debt Security will be made at the office or agency of The Bank of New York,
Trustee, Chicago, Illinois, in such coin or currency of the United States of
America as at the time of payment is legal tender for the payment of public and
private debts; provided, however, that at the option of the Company, payment of
interest may be made by check mailed to the address of the Person entitled
thereto as such address shall appear in the Security Register or by wire
transfer to an account designated by such person pursuant to an arrangement that
is satisfactory to the Trustee and the Company.

         Reference is hereby made to the further provisions of this Debt
Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.

         Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof, by manual signature, this Debt
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:  November 8, 2000
                                             SOUTHERN CALIFORNIA EDISON COMPANY

                                             By _______________________________
                                                      Assistant Treasurer

(Seal)

ATTEST:

----------------------------
Assistant Secretary

<PAGE>

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Debt Securities of the series referred to in the
within-mentioned Indenture.

                                          THE BANK OF NEW YORK,
                                          as Trustee

                                          By ________________________________
                                                      Authorized Signatory

<PAGE>

                                 [Reverse of Bond]

         This Debt Security is one of a duly authorized issue of securities of
the Company (herein called the "Debt Securities"), issued and to be issued in
one or more series under an Indenture, dated as of January 15, 1993 (herein
called the "Indenture"), between the Company, and The Bank of New York, as
successor Trustee (herein called the "Trustee", which term includes any
successor trustee under the Indenture) to Harris Trust and Savings Bank, to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the Debt
Securities and of the terms upon which the Debt Securities are, and are to be,
authenticated and delivered. This Debt Security is one of the series designated
on the face hereof, limited in aggregate principal amount to $1,000,000,000.

         The interest rate for the Debt Securities will be subject to adjustment
until May 1, 2002. In the event of a downgrade in the senior unsecured long-term
debt rating of the Company (the "Rating") below A3 by Moody's Investors Service,
Inc. ("Moody's") or below A- by Standard & Poor's Rating Service ("S&P"), the
interest rate on the Debt Securities will be adjusted in accordance with the
table below.

         If, prior to May 1, 2002, either Moody's or S&P changes the Rating
subsequent to an adjustment in the interest rate as a result of a previous
Rating change by Moody's or S&P, the interest rate on the Debt Securities will
be re-adjusted in accordance with the table below.

         The Debt Securities will bear interest at an annual rate of 7.20% from
November 8, 2000, until the first day of the first Interest Period following a
downgrade in the Rating below A3 by Moody's or A- by S&P.

         Beginning with the first day of the first Interest Period after a
Rating change by Moody's or S&P, the Debt Securities will bear interest at an
adjusted interest rate. Subsequent interest rate adjustments (whether the
adjustment is up or down) will also become effective on the first day of the
first Interest Period after such Rating change.

         The adjusted annual interest rate for the Debt Securities will be 7.20%
increased by the sum of the Moody's and S&P adjustment amounts set forth below.
<TABLE>
<CAPTION>

---------------------------- ------------------------------ ------------------------- ---------------------------
                                   Moody's Adjustment                                       S&P Adjustment
      Moody's Rating                    Amount                     S&P Rating                   Amount
---------------------------- ------------------------------ ------------------------- ---------------------------
<S>                                    <C>                          <C>                        <C>
            A3                          0.000%                         A-                       0.000%
---------------------------- ------------------------------ ------------------------- ---------------------------
           Baa1                         0.125%                        BBB+                      0.125%
---------------------------- ------------------------------ ------------------------- ---------------------------
           Baa2                         0.250%                        BBB                       0.250%
---------------------------- ------------------------------ ------------------------- ---------------------------
           Baa3                         0.375%                        BBB-                      0.375%
---------------------------- ------------------------------ ------------------------- ---------------------------
       Ba1 or lower                     0.875%                    BB+ or lower                  0.875%
---------------------------- ------------------------------ ------------------------- ---------------------------
</TABLE>

         If an Event of Default with respect to Debt Securities of this series
shall occur and be continuing, the principal of the Debt Securities of this
series may be declared due and payable in the manner and with the effect
provided in the Indenture.

<PAGE>

         This Debt Security may be redeemed at any time prior to the Stated
Maturity of the principal hereof at the option of the Company at a Redemption
Price equal to the greater of (1) the principal amount or (2) the sum of the
present values of the remaining scheduled payments of principal and interest on
this Debt Security, discounted to the Redemption Date on a semiannual basis
(assuming a 360-day year consisting of twelve 30-day months) at the Treasury
Yield plus 0.25%, plus in each case accrued interest to the Redemption Date.

         "Treasury Yield" means, with respect to any Redemption Date, the rate
per annum equal to the semiannual equivalent yield to maturity of the Comparable
Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as
a percentage of its principal amount) equal to the Comparable Treasury Price for
the Redemption Date.

         "Comparable Treasury Issue" means the United States Treasury security
selected by an Independent Investment Banker as having a maturity comparable to
the remaining term of the Debt Securities that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new
issues of corporate debt securities of comparable maturity to the remaining term
of the Debt Securities.

        "Independent Investment Banker" means Chase Securities Inc. or Lehman
Brothers Inc., as selected by the Company, or, if such firms are unwilling or
unable to select the Comparable Treasury Issue, an independent investment
banking institution of national standing selected by the Company and appointed
by the Trustee.

         "Comparable Treasury Price" means, with respect to any Redemption Date,
(i) the average of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) on the third
business day preceding such Redemption Date, as set forth in the daily
statistical release (or any successor release) published by the Federal Reserve
Bank of New York and designated "Composite 3:30 p.m. Quotations for U.S.
Government Securities" or (ii) if that release (or any successor release) is not
published or does not contain such prices on such business day, (A) the average
of the Reference Treasury Dealer Quotations for such Redemption Date, after
excluding the highest and lowest such Reference Treasury Dealer Quotations for
such Redemption Date, or (B) if the Independant Investment Banker obtains fewer
than four such Reference Treasury Dealer Quotations, the average of all such
Quotations.

         "Reference Treasury Dealer Quotations" means, with respect to each
Reference Treasury Dealer and any Redemption Date, the average, as determined by
the Trustee, of the bid and asked prices for the Comparable Treasury Issue
(expressed in each case as a percentage of its principal amount) quoted in
writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m. on the
third business day preceding such Redemption Date.

        "Reference Treasury Dealer" means each of Chase Securities Inc., Lehman
Brothers Inc., Banc of America Securities LLC, Credit Suisse First Boston
Corporation and Salomon Smith Barney Inc. and their respective successors,
provided, however, that if any of the foregoing shall cease to be a primary U.S.
Government Securities dealer in New York City (a "Primary Treasury Dealer"), the
Company shall substitute for it another Primary Treasury Dealer.

         "Interest Period" means the period commencing on an Interest Payment
Date for the Debt Securities (or commencing on November 8, 2000, if no interest
has been paid or duly made available for payment since that date) and ending on
the day before the next succeeding Interest Payment Date for the Debt
Securities.

         If the Company elects to redeem less than all of the Debt Securities,
the Trustee shall select, in a manner it deems fair and appropriate, the
particular Debt Securities or portions of them to be redeemed. Notice of
redemption shall be given by mail not less than 30 nor more than 60 days prior
to the Redemption Date to the Holders of Debt Securities to be redeemed (which,
as long as the Debt Securities are held in the book-entry only system, will be
The Depository Trust Company, its nominees or successors). On and after the
Redemption Date (unless the Company defaults in the payment of the Redemption
Price and interest accrued thereon to such date), interest shall cease to accrue
on the Debt Securities or the portions of them called for redemption and the
Debt Securities shall cease to be outstanding.

<PAGE>

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Debt Securities of each series to
be affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of a majority in principal amount of the Debt
Securities at the time Outstanding of each series to be affected. The Indenture
also contains provisions permitting the Holders of specified percentages in
principal amount of the Debt Securities of each series at the time Outstanding,
on behalf of the Holders of all Debt Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Debt Security shall be conclusive and binding upon
such Holder and upon all future Holders of this Debt Security and of any Debt
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Debt Security.

         No reference herein to the Indenture and no provision of this Debt
Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and
premium, if any, and interest on this Debt Security at the times, place and
rate, and in the coin or currency, herein prescribed.

         As provided in and subject to the provisions of the Indenture, the
Holder of this Debt Security shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or
trustee or for any other remedy thereunder, unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the Debt Securities of this series, the Holders of not less than
25% in principal amount of the Debt Securities of this series (or, in the case
of certain Events of Default under the Indenture, not less than 25% in principal
amount of all Debt Securities) at the time Outstanding shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity and the Trustee
shall not have received from the Holders of a majority in principal amount of
Debt Securities of this series at the time Outstanding a direction inconsistent
with such request, and shall have failed to institute any such proceeding, for
60 days after receipt of such notice, request and offer of indemnity. The
foregoing shall not apply to any suit instituted by the Holder of this Debt
Security for the enforcement of any payment of principal hereof or any premium
or interest hereon on or after the respective due dates expressed herein.

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Debt Security is registrable in the Security
Register, upon surrender of this Debt Security for registration of transfer at
the office or agency of the Company in any place where the principal of and
premium, if any, and interest of this Debt Security are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Security Registrar duly executed by, the Holder hereof or
the Holder's attorney duly authorized in writing, and thereupon one or more new
Debt Securities of this series and of like tenor, of authorized denominations
and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

         The Debt Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and integral multiples thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Debt Securities of this series are exchangeable for a like aggregate principal
amount of Debt Securities of this series and of like tenor, of a different
authorized denomination, as requested by the Holder surrendering the same.

<PAGE>

         No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Debt Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Debt Security is registered as the owner
hereof for all purposes, whether or not this Debt Security be overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice
to the contrary.

                                  ABBREVIATIONS

         The following abbreviations, when used in the inscription on the face
of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations.

TEN COM  -  as tenants in common

TEN ENT  -  as tenants by the entireties

JT TEN   -  as joint tenants with right of survivorship and not as tenants
            in common

UNIF GIFT MIN ACT -

                     Custodian
---------------------         -----------------------
         (Cust)                        (Minor)

under Uniform Gifts of Minors

Act
   --------------------------------------------------
                  (State)

     Additional abbreviations may also be used though not in the above list.

<PAGE>

                                   ASSIGNMENT

        FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and
transfer(s) unto

Please insert Social Security or Other
Identifying Number of Assignee

------------------------------------------------------------------------------

------------------------------------------------------------------------------

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

------------------------------------------------------------------------------

------------------------------------------------------------------------------
the Debt Security and all rights thereunder, hereby irrevocably
constituting and appointing

-----------------------------------------------------------------------Attorney
to transfer the said Debt Security on the books of the Company, with full power
of substitution in the premises.

Dated:
      --------------------------------------    -------------------------------

                    NOTICE: -------------------------------------------------
                         The signature to this assignment must correspond
                         with the name as written upon the face of the within
                         instrument in every particular, without alteration or
                         enlargement or any change whatsoever.SOUTHERN CALIFORNIA EDISON COMPANY

                        Authorized Officer's Certificate
                    Pursuant to Section 301 of the Indenture

         Mary C. Simpson, an Authorized Officer of Southern California Edison
Company, a California corporation (the "Company"), acting pursuant to the March
16, 2000, and November 6, 2000, resolutions of the Board of Directors and the
Executive Committee of the Board of Directors of the Company (the "Board
Resolutions") hereby determines that:

         1. The Company shall issue a series of the Securities referred to in
the Board Resolutions under the Indenture, dated as of January 15, 1993 (the
"Indenture"), between the Company and Harris Trust and Savings Bank (now The
Bank of New York), as Trustee (the "Trustee"), in accordance with the following
terms:

(a)  The title of the Debt Securities shall be the "Floating Rate Notes due
     2002" (the "Notes").

(b)  The aggregate principal amount of the Notes to be authenticated and
     delivered under the Indenture shall be limited to $300,000,000 (except for
     Notes authenticated and delivered upon registration of transfer of, or in
     exchange for, or in lieu of, other Notes pursuant to Sections 304, 305,
     306, 906 or 1107 of the Indenture).

(c)  The Notes shall mature on May 1, 2002.

(d)  The Interest Payment Dates for the Notes will be on February 1, May 1,
     August 1 and November 1, commencing on February 1, 2001, through the
     maturity date of May 1, 2002. Interest will accrue from November 8, 2000,
     and will be paid to holders of record on the 15th calendar day before each
     Interest Payment Date. If any scheduled Interest Payment Date falls on a
     day that is not a business day, it will be postponed to the following
     business day. If the maturity date of the Notes falls on a day which is not
     a business day, the Company will make the required payment of principal
     and/or interest on the following business day. Additional interest will not
     accrue as a result of this delayed payment.

     The Notes will bear interest for each quarterly Interest Period (as defined
below) at an annual rate determined by the Calculation Agent (as defined below),
subject to the maximum interest rate permitted by New York or other applicable
state law, as such law may be modified by United States law of general
application. The interest rate applicable to the Notes during each quarterly
Interest Period will be equal to LIBOR (as defined below) on the Interest
Determination Date (as defined below) for such Interest Period plus 0.45%;
provided, however, that under the limited circumstances described below, the
interest rate will be determined without reference to LIBOR. Promptly upon such
determination, the Calculation Agent will notify the Trustee, if the Trustee is
not then serving as the Calculation Agent, of the interest rate for the new
Interest Period. The interest rate determined by the Calculation Agent, absent
manifest error, shall be binding and conclusive upon the beneficial owners and
Holders of the Notes, the Company and the Trustee.

     If the following circumstances exist on any Interest Determination Date,
the Calculation Agent shall determine the interest rate for the Notes as
follows:

     (1)  In the event no Reported Rate (as defined below) appears on Telerate
          Page 3750 (as defined below) as of approximately 11:00 a.m., London
          time, on an Interest Determination Date, the Calculation Agent shall

<PAGE>

          request the principal London offices of each of four major banks in
          the London interbank market selected by the Calculation Agent (after
          consultation with the Company) to provide a quotation of the rate (the
          "Rate Quotation") at which three month deposits in amounts of not less
          than $1,000,000 are offered by it to prime banks in the London
          interbank market, as of approximately 11:00 a.m., London time, on such
          Interest Determination Date, that are representative of single
          transactions at such time (the "Representative Amounts"). If at least
          two Rate Quotations are provided, the interest rate will be the
          arithmetic mean of the Rate Quotations obtained by the Calculation
          Agent, plus 0.45%.

     (2)  In the event no Reported Rate appears on Telerate Page 3750 as of
          approximately 11:00 a.m., London time, on an Interest Determination
          Date and there are fewer than two Rate Quotations, the interest rate
          will be the arithmetic mean of the rates quoted at approximately 11:00
          a.m., New York City time, on such Interest Determination Date, by
          three major banks in New York City selected by the Calculation Agent
          (after consultation with the Company), for loans in Representative
          Amounts in U.S. dollars to leading European banks, having a term of
          three months for a period commencing on the second London Business Day
          immediately following such Interest Determination Date, plus 0.45%;
          provided, however, that if fewer than three banks selected by the
          Calculation Agent are quoting such rates, the interest rate for the
          applicable Interest Period will be the same as the interest rate in
          effect for the immediately preceding Interest Period.

          Upon the request of a Holder of the Notes, the Calculation Agent will
     provide to such Holder the interest rate in effect on the date of such
     request and, if determined, the interest rate for the next Interest Period.

          The amount of interest for each day that the Notes are outstanding
     (the "Daily Interest Amount") will be calculated by dividing the interest
     rate in effect for that day by 360 and multiplying that result by the
     principal amount of the Notes. The amount of interest to be paid on the
     Notes for each Interest Period will calculated by adding the Daily Interest
     Amounts for each day in the Interest Period. All dollar amounts resulting
     from such calculation will be rounded, if necessary, to the nearest cent
     with one-half cent rounded upward.

          The interest rate for the Notes will be subject to adjustment until
     maturity. In the event of a downgrade in the senior unsecured long-term
     debt rating of the Company (the "Rating") below A3 by Moody's Investors
     Service, Inc. ("Moody's") or A- by Standard & Poor's Rating Service
     ("S&P"), the interest rate on the Notes will be adjusted in accordance with
     the table below.

          If, prior to May 1, 2002, either Moody's or S&P changes the Rating
     subsequent to an adjustment in the interest rate as a result of a previous
     Rating change by Moody's or S&P, the interest rate on the Notes will be
     re-adjusted in accordance with the table below.

          The Notes will bear interest at an annual rate of LIBOR plus 0.45%
     from November 8, 2000, until the first day of the first Interest Period
     following a downgrade in the Rating below A3 by Moody's or A- by S&P.

          Beginning with the first day of the first Interest Period after a
     Rating change by Moody's or S&P, the Notes will bear interest at an
     adjusted interest rate. Subsequent interest rate adjustments (whether the
     adjustment is up or down) for the Notes will also become effective on the
     first day of the first Interest Period after such Rating change.

          The adjusted annual interest rate for the Notes will be the sum of (1)
     LIBOR, (2) 0.45% and (3) the sum of the Moody's and S&P adjustment amounts
     set forth below.

<PAGE>
<TABLE>
<CAPTION>

 -------------------- ----------------------------- -------------------------- ----------------------------
   Moody's Rating          Moody's Adjustment                                        S&P Adjustment
                                 Amount                    S&P Rating                    Amount
 -------------------- ----------------------------- -------------------------- ----------------------------
<S>                              <C>                    <C>                              <C>
         A3                      0.000%                        A-                        0.000%
 -------------------- ----------------------------- -------------------------- ----------------------------
        Baa1                     0.125%                       BBB+                       0.125%
 -------------------- ----------------------------- -------------------------- ----------------------------
        Baa2                     0.250%                        BBB                       0.250%
 -------------------- ----------------------------- -------------------------- ----------------------------
        Baa3                     0.375%                       BBB-                       0.375%
 -------------------- ----------------------------- -------------------------- ----------------------------
    Ba1 or lower                 0.875%                   BB+ or lower                   0.875%
 -------------------- ----------------------------- -------------------------- ----------------------------
</TABLE>

          Under the limited  circumstances described  under this Section 1(d),
the interest rate will be determined without reference to LIBOR.

          "Calculation Agent" means the Trustee, or its successor appointed by
     the Company, acting as calculation agent.

          "Interest Determination Date" means the second London Business Day
     immediately preceding the first day of the relevant Interest Period.

          "Interest Period" means the period commencing on an Interest Payment
     Date for the Notes (or commencing on the issue date for the Notes, if no
     interest has been paid or duly made available for payment since that date)
     and ending on the day before the next succeeding Interest Payment Date for
     the Notes.

          "LIBOR" for any Interest Determination Date will be the offered rate
     for deposits in U.S. dollars having an index maturity of three months for a
     period commencing on the second London Business Day immediately following
     the Interest Determination Date in amounts of not less than $1,000,000, as
     such rate appears on Telerate Page 3750 at approximately 11:00 a.m., London
     time, on the Interest Determination Date (the "Reported Rate").

          "London Business Day" means a day on which dealings in deposits in
     U.S. dollars are transacted, or with respect to any future date are
     expected to be transacted, in the London interbank market.

          "Regular Record Date" means, for the interest payable on any Interest
     Payment Date, the date which is fifteen days immediately prior to such
     Interest Payment Date (whether or not a Business Day).

          "Telerate Page 3750" means the display designated on page 3750 on Dow
     Jones Markets Limited (or such other page as may replace the 3750 page on
     that service or such other service as may be nominated by the British
     Bankers' Association for the purpose of displaying London interbank offered
     rates for U.S. dollar deposits or such other successor reporter of such
     rates as may be selected by the Calculation Agent and acceptable to the
     Company).

          (e) Payment of the principal of and interest on, the Notes will be
     made at the Corporate Trust Office of The Bank of New York maintained for
     that purpose in the City of Chicago, State of Illinois, in such coin or
     currency of the United States of America as at the time of payment is legal
     tender for the payment of public and private debts; provided, however, that
     at the option of the Company, payment of interest may be made by check
     mailed to the address of the person entitled thereto as such address shall
     appear in the Security Register or by wire transfer to an account
     designated by such person pursuant to an arrangement that is satisfactory
     to the Trustee and the Company.

          (f) The Notes may not be redeemed prior to the Stated Maturity.

          (g) The Company shall not be obligated to redeem, repay or purchase
     the Notes pursuant to any sinking fund or analogous provision, or at the
     option of the Holder thereof.

<PAGE>

          (h) The certificates representing the Notes will be issued in fully
     registered form, without coupons.

          (i) The Notes shall be issued in whole in the form of one or more
     Global Securities, and the Depositary for such Global Securities shall be
     The Depository Trust Company, New York, New York.

          (j) The following additional covenant will apply with respect to the
     Notes:

          The Company shall not, until May 1, 2002, directly or indirectly
          create, incur, assume or otherwise allow to exist any mortgage, lien,
          pledge, charge, security interest or encumbrance of any kind
          (collectively referred to as "liens") with respect to any of its
          assets or property, or any income or profits therefrom, for the
          purpose of securing any indebtedness for borrowed money evidenced by a
          bond, note, debenture, security or similar instrument, or any guaranty
          of any such indebtedness, unless at the same time it provides equal
          and ratable security for the benefit of the Notes which are
          outstanding at such time. This covenant shall not apply to:

          o    liens arising under the indenture dated as of October 1, 1923, as
               amended and supplemented, between the Company and The Bank of New
               York, as successor trustee (the "Mortgage Indenture"), providing
               for the issuance of first and refunding mortgage bonds of the
               Company; provided, that the aggregate principal amount of the
               mortgage bonds outstanding under the Mortgage Indenture does not
               exceed the amount outstanding as of the date the Notes are
               issued;

          o    to the extent the Company refinances or prefinances any debt
               under the Mortgage Indenture, any lien securing debt incurred by
               the Company within 91 days before or after the repurchase,
               redemption or retirement of debt under the Mortgage Indenture,
               provided that (i) the proceeds of the new debt are used to fund
               or replace funds used for the repurchase, redemption or
               retirement of debt under the Mortgage Indenture, (ii) the amount
               of the new debt does not exceed an amount equal to the sum of the
               amount of debt that is to be repurchased, redeemed or retired and
               the reasonable costs associated with repurchasing, redeeming or
               retiring debt under the Mortgage Indenture and incurring such new
               debt and (iii) the liens securing such new debt shall not
               encumber any assets other than those encumbered by the lien of
               the Mortgage Indenture;

          o    liens on "transition property" or securing the repayment of "rate
               reduction bonds," as such terms are defined in Section 840 of the
               California Public Utilities Code;

          o    liens on general intangibles or other property pledged to ensure
               the payment of principal and interest on debt issued to finance
               or refinance some or all of the undercollection reflected in the
               Company's Transition Revenue Account (TRA) or any other accounts
               established for the same or similar purposes as the TRA;

          o    liens incurred in connection with financing or refinancing the
               costs of air or water pollution control, solid waste disposal or
               sewage facilities;

          o    liens incurred in connection with sale-leaseback transactions by
               the Company;

          o    liens on property of a person existing at the time the capital
               stock of such person is acquired by, or such person is merged
               into or consolidated with, the Company; provided that such liens
               were in existence before the contemplation of such acquisition,
               merger or consolidation and do not extend to any assets other
               than those of the person whose capital stock was acquired by, or
               that was merged into or consolidated with, the Company;
<PAGE>

          o    liens on property existing at the time such property is acquired
               by the Company, provided that such liens were in existence before
               the contemplation of such acquisition and do not extend to any
               additional assets;

          o    purchase money liens upon or in any real or personal property
               (including fixtures and other equipment) to secure the purchase
               price of such property or to secure indebtedness incurred solely
               to finance or refinance the acquisition or improvement of such
               property and incurred within 180 days after completion of such
               acquisition or improvement, provided that such liens do not
               extend to any property other than the property being acquired or
               improved;

          o    liens incurred in connection with the securitization or other
               financing of revenues arising from added facilities contracts,
               generation tie-line agreements, or other arrangements in which
               third parties agree to pay over time the costs of facilities or
               equipment to be constructed and/or operated by the Company;

          o    liens to secure the performance of statutory obligations, surety
               or appeal bonds, performance bonds or other obligations of a like
               nature incurred in the ordinary course of business;

          o    liens existing on the date the Notes are issued, and any
               extension, renewal or replacement (or successive extensions,
               renewals or replacements) of any such lien; provided, that such
               renewal, replacement or extension does not cover any additional
               assets or property not contemplated by the liens existing on the
               date the Notes are issued;

          o    liens for taxes, assessments or governmental charges or claims
               that are not yet delinquent or that are being contested in good
               faith by appropriate proceedings promptly instituted and
               diligently concluded, provided that any reserve or other
               appropriate provision as shall be required in conformity with
               GAAP shall have been made therefor;

          o    carriers', warehousemen's, mechanics', landlords', materialmen's,
               repairmen's or other similar liens arising in the ordinary course
               of business in respect of obligations that are not yet due, are
               bonded or are being contested in good faith and by appropriate
               proceedings if adequate reserves with respect thereto are
               maintained on the books of the Company in accordance with GAAP;
               and

          o    liens arising by reason of a judgment, decree or court order, to
               the extent not otherwise resulting in an event of default under
               the Indenture.

          Notwithstanding the above, the Company may, without securing the
          Notes, create, assume or guarantee liens or indebtedness which would
          otherwise be subject to the foregoing restrictions, provided that,
          after giving effect thereto, the aggregate amount of all secured debt
          then outstanding (not including secured debt permitted under the
          foregoing exceptions) at such time does not exceed 10% of the
          consolidated net tangible assets of the Company.
<PAGE>

          "consolidated net tangible assets" of the Company means, as of any
          particular time, the aggregate amount of assets after deducting
          therefrom (a) all current liabilities (excluding any such liability
          that by its terms is extendable or renewable at the option of the
          obligor thereon to a time more than 12 months after the time as of
          which the amount thereof is being computed) and (b) all goodwill,
          excess of cost over assets acquired, patents, copyrights, trademarks,
          tradenames, and other like intangibles, all as shown in the Company's
          most recent consolidated financial statements prepared in accordance
          with generally accepted accounting principles.

          (k) The Notes shall not be subject to discharge and defeasance at the
     option of the Company pursuant to Section 1301 of the Indenture.

          (l) The trustee, authenticating and paying agent, transfer agent and
     registrar with respect to the Notes shall be The Bank of New York.

     2. The form and terms of the Notes, attached hereto as Annex A, are hereby
approved.

     3. Chase Securities Inc., Lehman Brothers Inc., Banc of America Securities
LLC, Credit Suisse First Boston Corporation and Salomon Smith Barney Inc. (the
"Underwriters") propose to offer the Notes at an initial offering price of
100.000% of their principal amount. The purchase price of the Notes to be paid
by the Underwriters shall be 99.800% of their principal amount, plus accrued
interest from November 8, 2000. The Underwriting Agreement, dated November 6,
2000, between the Company and the Underwriters, relating to the Notes, attached
hereto as Annex B, is hereby approved.

     4. The undersigned has read the provisions of Section 301 of the Indenture
and the definitions in the Indenture relating thereto, the Board Resolutions and
other corporate documents and records. In the opinion of the undersigned, she
has made such examination or investigation as is necessary to enable her to
express an informed opinion as to whether or not all conditions precedent
provided in the Indenture relating to the establishment of the forms of and
terms of a series of Notes under the Indenture, designated as the Notes in this
Certificate, have been complied with. In the opinion of the undersigned, all
such conditions precedent have been complied with.

     5. Capitalized terms used in this certificate and not otherwise defined
herein shall have the meanings ascribed to such terms in the Indenture.

<PAGE>

         IN WITNESS WHEREOF, the undersigned has executed this certificate as of
November 6, 2000.

                                                     Mary C. Simpson
                                                 -----------------------
                                                     Mary C. Simpson
                                                   Assistant Treasurer
<PAGE>

                                   ANNEX A

This Debt Security is a Global Security within the meaning of the Indenture
hereafter referred to and is registered in the name of a Depositary or a nominee
thereof. Unless and until it is exchanged in whole or in part for Debt
Securities in definitive form, this Debt Security may not be transferred except
as a whole by the Depositary to a nominee of the Depositary or by a nominee of
the Depositary to the Depositary or another nominee of the Depositary or by the
Depositary or any such nominee to a successor Depositary or a nominee of such
successor Depositary. Unless otherwise defined herein, all capitalized items
shall have the same meanings ascribed to them in the Indenture.
-------------------------------------------------------------------------------

Unless this certificate is presented by an authorized representative of The
Depository Trust Company, a New York corporation ("DTC"), to the Company or its
agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of Cede & Co. or in such other name as is
requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized
representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR
OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner
hereof, Cede & Co., has an interest herein.

                       SOUTHERN CALIFORNIA EDISON COMPANY
            (Incorporated under the laws of the State of California)

                          FLOATING RATE NOTES DUE 2002

No.                                                       $_____________
                                                          CUSIP NO. 842 400 EG 4

     Southern California Edison Company, a corporation duly organized and
existing under the laws of the State of California (herein called the "Company",
which term includes any successor Person under the Indenture hereinafter
referred to), for value received, hereby promises to pay to ____________________
or registered assigns, the principal sum of ____________________________________
on May 1, 2002, and to pay interest thereon from November 8, 2000, or from the
most recent Interest Payment Date (defined below) to which interest has been
paid or duly provided for, quarterly on February 1, May 1, August 1 and November
1 in each year, commencing on February 1, 2001, (each an "Interest Payment
Date") at a floating rate per annum based on the three month LIBOR rate plus
0.45% calculated as set forth on the reverse hereof (subject to adjustment as
provided below), until the principal hereof is paid or made available for
payment, and at such rate per annum on any overdue principal and on any overdue
installment of interest. The interest so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in such Indenture,
be paid to the Person in whose name this Debt Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular
Record Date for such interest, which shall be the fifteenth calendar day before
such Interest Payment Date (whether or not a Business Day). Any such interest
not so punctually paid or duly provided for will forthwith cease to be payable
to the Holder on such Regular Record Date and may either be paid to the Person
in whose name this Debt Security (or one or more Predecessor Securities) is
registered at the close of business on a Special Record Date for the payment of
such Defaulted Interest to be fixed by the Trustee, notice whereof shall be
given to Holders of Debt Securities of this series not less than 10 days prior
to such Special Record Date, or be paid at any time in any other lawful manner
not inconsistent with the requirements of any securities exchange on which the
Debt Securities of this series may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in such Indenture. If any
scheduled Interest Payment Date falls on a day not a Business Day, it will be
postponed to the following Business Day. If the maturity date of the Debt
Securities falls on a day not a Business Day, the Company will make the required
payment of principal and/or interest on the following Business Day. Additional
interest will not accrue as a result of this delayed payment.

<PAGE>

         Payment of the principal of and interest on this Debt Security will be
made at the office or agency of The Bank of New York, Trustee, Chicago,
Illinois, in such coin or currency of the United States of America as at the
time of payment is legal tender for the payment of public and private debts;
provided, however, that at the option of the Company, payment of interest may be
made by check mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register or by wire transfer to an account
designated by such person pursuant to an arrangement that is satisfactory to the
Trustee and the Company.

         Reference is hereby made to the further provisions of this Debt
Security set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place.

         Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof, by manual signature, this Debt
Security shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:  November 8, 2000

                                             SOUTHERN CALIFORNIA EDISON COMPANY

                                             By _______________________________
                                                      Assistant Treasurer

(Seal)
ATTEST:

----------------------------
Assistant Secretary

<PAGE>

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Debt Securities of the series referred to in the
within-mentioned Indenture.

                                             THE BANK OF NEW YORK,
                                             as Trustee

                                              By ______________________________
                                                      Authorized Signatory

<PAGE>

                                 [Reverse of Bond]

         This Debt Security is one of a duly authorized issue of securities of
the Company (herein called the "Debt Securities"), issued and to be issued in
one or more series under an Indenture, dated as of January 15, 1993 (herein
called the "Indenture"), between the Company, and The Bank of New York, as
successor Trustee (herein called the "Trustee", which term includes any
successor trustee under the Indenture) to Harris Trust and Savings Bank, to
which Indenture and all indentures supplemental thereto reference is hereby made
for a statement of the respective rights, limitations of rights, duties and
immunities thereunder of the Company, the Trustee and the Holders of the Debt
Securities and of the terms upon which the Debt Securities are, and are to be,
authenticated and delivered. This Debt Security is one of the series designated
on the face hereof, limited in aggregate principal amount to $300,000,000.

         The Debt Securities will bear interest for each quarterly Interest
Period (as defined below) at an annual rate determined by the Calculation Agent
(as defined below), subject to the maximum interest rate permitted by New York
or other applicable state law, as such law may be modified by United States law
of general application. The interest rate applicable during each quarterly
Interest Period will be equal to LIBOR (as defined below) on the Interest
Determination Date (as defined below) for such Interest Period plus 0.45%;
provided, however, that under the limited circumstances described below, the
interest rate will be determined without reference to LIBOR. Promptly upon such
determination, the Calculation Agent will notify the Trustee, if the Trustee is
not then serving as the Calculation Agent, of the interest rate for the new
Interest Period. The interest rate determined by the Calculation Agent, absent
manifest error, shall be binding and conclusive upon the beneficial owners and
Holders of the Debt Securities , the Company and the Trustee.

         If the following circumstances exist on any Interest Determination
Date, the Calculation Agent shall determine the interest rate for the Debt
Securities as follows:

                  (1) In the event no Reported Rate (as defined below) appears
         on Telerate Page 3750 (as defined below) as of approximately 11:00
         a.m., London time, on an Interest Determination Date, the Calculation
         Agent shall request the principal London offices of each of four major
         banks in the London interbank market selected by the Calculation Agent
         (after consultation with the Company) to provide a quotation of the
         rate (the "Rate Quotation") at which three month deposits in amounts of
         not less than $1,000,000 are offered by it to prime banks in the London
         interbank market, as of approximately 11:00 a.m., London time, on such
         Interest Determination Date, that are representative of single
         transactions at such time (the "Representative Amounts"). If at least
         two Rate Quotations are provided, the interest rate will be the
         arithmetic mean of the Rate Quotations obtained by the Calculation
         Agent, plus 0.45%.

<PAGE>

                  (2) In the event no Reported Rate appears on Telerate Page
         3750 as of approximately 11:00 a.m., London time, on an Interest
         Determination Date and there are fewer than two Rate Quotations, the
         interest rate will be the arithmetic mean of the rates quoted at
         approximately 11:00 a.m., New York City time, on such Interest
         Determination Date, by three major banks in New York City selected by
         the Calculation Agent (after consultation with the Company), for loans
         in Representative Amounts in U.S. dollars to leading European banks,
         having a term of three months for a period commencing on the second
         London Business Day immediately following such Interest Determination
         Date, plus 0.45%; provided, however, that if fewer than three banks
         selected by the Calculation Agent are quoting such rates, the interest
         rate for the applicable Interest Period will be the same as the
         interest rate in effect for the immediately preceding Interest Period.

         Upon the request of a Holder of the Debt Securities, the Calculation
Agent will provide to such Holder the interest rate in effect on the date of
such request and, if determined, the interest rate for the next Interest Period.

         The amount of interest for each day that the Debt Securities are
outstanding (the "Daily Interest Amount") will be calculated by dividing the
interest rate in effect for that day by 360 and multiplying that result by the
principal amount of the Debt Securities. The amount of interest to be paid on
the Debt Securities for each Interest Period will calculated by adding the Daily
Interest Amounts for each day in the Interest Period. All dollar amounts
resulting from such calculation will be rounded, if necessary, to the nearest
cent with one-half cent rounded upward.

         The interest rate for the Debt Securities will be subject to adjustment
until May 1, 2002. In the event of a downgrade in the senior unsecured long-term
debt rating of the Company (the "Rating") below A3 by Moody's Investors Service,
Inc. ("Moody's") or A- by Standard & Poor's Rating Service ("S&P"), the interest
rate on the Debt Securities will be adjusted in accordance with the table below.

         If, prior to May 1, 2002, either Moody's or S&P changes the Rating
subsequent to an adjustment in the interest rate as a result of a previous
Rating change by Moody's or S&P, the interest rate on the Debt Securities will
be re-adjusted in accordance with the table below.

         The Debt Securities will bear interest at an annual rate of LIBOR plus
0.45% as provided herein and in the Indenture from November 8, 2000, until the
first day of the first Interest Period following a downgrade in the Rating below
A3 by Moody's or A- by S&P.

         Beginning with the first day of the first Interest Period after a
Rating change by Moody's or S&P, the Debt Securities will bear interest at an
adjusted interest rate. Subsequent interest rate adjustments (whether the
adjustment is up or down) will also become effective on the first day of the
first Interest Period after such Rating change.

         The adjusted annual interest rate for the Debt Securities will be the
sum of (1) LIBOR, (2) 0.45% and (3) the sum of the Moody's and S&P adjustment
amounts set forth below.

<PAGE>

<TABLE>
<CAPTION>

---------------------------- ------------------------------ ------------------------- ---------------------------
                                                                                            S&P Adjustment
                                   Moody's Adjustment              S&P Rating                   Amount
      Moody's Rating                    Amount
---------------------------- ------------------------------ ------------------------- ---------------------------
<S>                                    <C>                        <C>                           <C>
            A3                          0.000%                         A-                       0.000%
---------------------------- ------------------------------ ------------------------- ---------------------------
           Baa1                         0.125%                        BBB+                      0.125%
---------------------------- ------------------------------ ------------------------- ---------------------------
           Baa2                         0.250%                        BBB                       0.250%
---------------------------- ------------------------------ ------------------------- ---------------------------
           Baa3                         0.375%                        BBB-                      0.375%
---------------------------- ------------------------------ ------------------------- ---------------------------
       Ba1 or lower                     0.875%                    BB+ or lower                  0.875%
---------------------------- ------------------------------ ------------------------- ---------------------------
</TABLE>

         Under the limited circumstances described above, the interest rate
will be determined without reference to LIBOR.

         The following definitions apply to this Debt Security:

         "Calculation Agent" means the Trustee, or its successor appointed by
the Company, acting as calculation agent.

         "Interest Determination Date" means the second London Business Day
immediately preceding the first day of the relevant Interest Period.

         "Interest Period" means the period commencing on an Interest Payment
Date for the Debt Securities (or commencing on November 8, 2000, if no interest
has been paid or duly made available for payment since that date) and ending on
the day before the next succeeding Interest Payment Date for the Debt
Securities.

         "LIBOR" for any Interest Determination Date will be the offered rate
for deposits in U.S. dollars having an index maturity of three months for a
period commencing on the second London Business Day immediately following the
Interest Determination Date in amounts of not less than $1,000,000, as such rate
appears on Telerate Page 3750 at approximately 11:00 a.m., London time, on the
Interest Determination Date (the "Reported Rate").

         "London Business Day" means a day on which dealings in deposits in U.S.
dollars are transacted, or with respect to any future date are expected to be
transacted, in the London interbank market.

         "Telerate Page 3750" means the display designated on page 3750 on Dow
Jones Markets Limited (or such other page as may replace the 3750 page on that
service or such other service as may be nominated by the British Bankers'
Association for the purpose of displaying London interbank offered rates for
U.S. dollar deposits or such other successor reporter of such rates as may be
selected by the Calculation Agent and acceptable to the Company).

         If an Event of Default with respect to Debt Securities of this series
shall occur and be continuing, the principal of the Debt Securities of this
series may be declared due and payable in the manner and with the effect
provided in the Indenture.

<PAGE>

         This Debt Security may not be redeemed at any time prior to the Stated
Maturity of the principal hereof.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Debt Securities of each series to
be affected under the Indenture at any time by the Company and the Trustee with
the consent of the Holders of a majority in principal amount of the Debt
Securities at the time Outstanding of each series to be affected. The Indenture
also contains provisions permitting the Holders of specified percentages in
principal amount of the Debt Securities of each series at the time Outstanding,
on behalf of the Holders of all Debt Securities of such series, to waive
compliance by the Company with certain provisions of the Indenture and certain
past defaults under the Indenture and their consequences. Any such consent or
waiver by the Holder of this Debt Security shall be conclusive and binding upon
such Holder and upon all future Holders of this Debt Security and of any Debt
Security issued upon the registration of transfer hereof or in exchange herefor
or in lieu hereof, whether or not notation of such consent or waiver is made
upon this Debt Security.

         No reference herein to the Indenture and no provision of this Debt
Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and
premium, if any, and interest on this Debt Security at the times, place and
rate, and in the coin or currency, herein prescribed.

         As provided in and subject to the provisions of the Indenture, the
Holder of this Debt Security shall not have the right to institute any
proceeding with respect to the Indenture or for the appointment of a receiver or
trustee or for any other remedy thereunder, unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default
with respect to the Debt Securities of this series, the Holders of not less than
25% in principal amount of the Debt Securities of this series (or, in the case
of certain Events of Default under the Indenture, not less than 25% in principal
amount of all Debt Securities) at the time Outstanding shall have made written
request to the Trustee to institute proceedings in respect of such Event of
Default as Trustee and offered the Trustee reasonable indemnity and the Trustee
shall not have received from the Holders of a majority in principal amount of
Debt Securities of this series at the time Outstanding a direction inconsistent
with such request, and shall have failed to institute any such proceeding, for
60 days after receipt of such notice, request and offer of indemnity. The
foregoing shall not apply to any suit instituted by the Holder of this Debt
Security for the enforcement of any payment of principal hereof or any premium
or interest hereon on or after the respective due dates expressed herein.

<PAGE>

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Debt Security is registrable in the Security
Register, upon surrender of this Debt Security for registration of transfer at
the office or agency of the Company in any place where the principal of and
premium, if any, and interest of this Debt Security are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Security Registrar duly executed by, the Holder hereof or
the Holder's attorney duly authorized in writing, and thereupon one or more new
Debt Securities of this series and of like tenor, of authorized denominations
and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

         The Debt Securities of this series are issuable only in registered form
without coupons in denominations of $1,000 and integral multiples thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Debt Securities of this series are exchangeable for a like aggregate principal
amount of Debt Securities of this series and of like tenor, of a different
authorized denomination, as requested by the Holder surrendering the same.

         No service charge shall be made for any such registration of transfer
or exchange, but the Company may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Debt Security for registration of
transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Debt Security is registered as the owner
hereof for all purposes, whether or not this Debt Security be overdue, and
neither the Company, the Trustee nor any such agent shall be affected by notice
to the contrary.

                                  ABBREVIATIONS

         The following abbreviations, when used in the inscription on the face
of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations.

<PAGE>

TEN COM    -  as tenants in common

TEN ENT    -  as tenants by the entireties

JT TEN     -  as joint tenants with right of survivorship and not as
              tenants in common

UNIF GIFT MIN ACT -

                     Custodian
---------------------         -----------------------
         (Cust)                        (Minor)
under Uniform Gifts of Minors

Act
   --------------------------------------------------
                  (State)

     Additional abbreviations may also be used though not in the above list.

<PAGE>

                                   ASSIGNMENT

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s)
unto

Please insert Social Security or Other
Identifying Number of Assignee

________________________________________________________________________________

________________________________________________________________________________
PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF ASSIGNEE

________________________________________________________________________________

________________________________________________________________________________
the Debt Security and all rights thereunder, hereby irrevocably constituting
and appointing

________________________________________________________________________Attorney
to transfer the said Debt Security on the books of the Company, with full power
of substitution in the premises.

Dated:
      ----------------------------        -------------------------------------

                    NOTICE: ___________________________________________________
                         The  signature to this  assignment  must  correspond
                         with the name as  written  upon the face of the  within
                         instrument in every particular,  without  alteration or
                         enlargement or any change whatsoever.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]