X0202 4 2004-12-31 0 0000899652 CINERGY CORP CIN 0001196653 BROWNING MICHAEL G 139 EAST FOURTH STREET CINCINNATI OH 45202 1 0 0 0 Phantom Stock Units 2004-12-31 4 A 0 498.439 0 A Common Stock 498.439 42888.508 D Phantom Stock Units 2004-12-31 4 A 0 450 0 A Common Stock 450.000 43338.508 D Phantom Stock Units 2005-01-01 4 A 0 720.634 0 A Common Stock 720.634 44059.142 D The derivative security converts into common stock on a one-for-one basis. Generally payable upon reporting person's termination of service. Includes additional securities acquired pursuant to regular dividend reinvestments. By: /s/ David S. Maltz, attorney-in-fact 2005-01-04