Consolidated Statement of Capitalization  Consolidated Edison, Inc. Shares Outstanding December 31, At December 31, (Million of Dollars) 2003 2002 2003 2002 Total Common Shareholders’ Equity Less Accumulated Other Comprehensive Income/(Loss) 225,840,220 213,932,934 $6,439 ) $5,934 ) Accumulated Other Comprehensive Income/(Loss) Investment in marketable equity securities, net of $1 and $(2) taxes in 2003 and 2002, respectively 1) (2) Minimum pension liability adjustment, net of $(5) and $(5) taxes in 2003 and 2002, respectively (7) (7) Unrelaized gains/(losses) on derivatives qualified as hedges, net of $(6) and $(15) taxes in 2003 and 2002, respectively (8) (21) Less: Reclassification adjustment for gains/(losses) included in  net income, net of $0 and $(12) taxes in 2003 and 2002, re spectively 2) (17) Total Accumulated Other Comprehensive Income/(Loss), Net of T axes (16) (13) 54 Con Edison Annual Report 2003 Total Common Shareholders' Equity  (See Statement of Common Shareholders' Equity and Note C) 6,423 ) 5,921) Preferred Stock of Subsidiary (Note C) $5 Cumulative Preferred, without par value,  authorized 1,915,319 shares 1,915,319 1,915,319 175) 175) Cumulative Preferred, $100 par value,  authorized 6,000,000 shares 4.65% Series C 153,296  153,296  16) 16) 4.65% Series D 222,330  222,330  22) 22) Total preferred stock $ 213 ) $ 213)