UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


Date of Report (Date of earliest event reported)             December 16, 2003
                                                             -----------------


                                  CERBCO, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


                                    Delaware
--------------------------------------------------------------------------------
                 (State or other jurisdiction of incorporation)


   0-16749                                                   54-1448835
--------------------------------------- ----------------------------------------
(Commission File Number)                      (IRS Employer Identification No.)



3421 Pennsy Drive, Landover, Maryland                         20785-1608
--------------------------------------- ----------------------------------------
(Address of principal executive offices)                      (Zip Code)



               Registrant's telephone number including area code:
                              (301) 773-1784 (tel)
                              (301) 322-3041 (fax)


                                      None
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)




<PAGE>


Item 5.    Other Events.

     See press release of the registrant dated December 16, 2003 attached
hereto.



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: December 16, 2003                      CERBCO, Inc.
                                             -----------------------------------
                                             (Registrant)


                                              By: /s/ Robert W. Erikson
                                              ----------------------------------
                                              Robert W. Erikson
                                              President


                                                                  PRESS RELEASE
                                                          For Immediate release


             CERBCO ANNOUNCES REVISED ESTIMATE FOR QUARTER OF ANNUAL
                        MEETING OF STOCKHOLDERS TO OCCUR

     LANDOVER, MD, December 16, 2003 - CERBCO, Inc. (OTC: CERB) today confirmed
that it will not hold, during the quarter ending March 31,2004, its annual
meeting of stockholders for the fiscal year ended June 30, 2003. The Company
previously had estimated such quarter for holding its annual meeting. Due to
administrative lead times required to prepare and clear the necessary Proxy
Statement, including a potential proposal to dissolve the corporation, the
Company has presently revised its estimated period for the holding of such
annual meeting to occur during the quarter ending June 30, 2004. An exact date,
time and place will be contained in the Notice of Annual Meeting that will be
mailed to all stockholders, along with the Proxy Statement, in regular course.

     The Company also previously had announced that its indirect, majority owned
subsidiary, INEI Corporation (formerly Insituform East, Incorporated) (OTC:
INEI), had entered into an agreement with Insituform Technologies, Inc. for the
sale of substantially all of its non-real estate assets and on-going business,
and, that, pursuant to that agreement, INEI had agreed that, after the closing
of the asset sale (i) it would consider in good faith the dissolution of INEI
and, unless it was determined by its Board of Directors in accordance with its
fiduciary duties that such dissolution was not in the best interest of the
Company and its stockholders, INEI would submit a proposed dissolution to a vote
of its stockholders no later than INEI's next annual meeting, and (ii) if such a
dissolution was approved its stockholders, to file a certificate of dissolution
with the Delaware Secretary of State.

     CERBCO has indicated that, to the extent that INEI ultimately elected to
dissolve, CERBCO anticipated that it was likely that it would elect to dissolve,
liquidate its remaining assets and, after satisfaction of its liabilities,
distribute to its stockholders any remaining assets. INEI announced today that
its Board of Directors has not determined that dissolution is not in its best
interest and those of its stockholders and, therefore, that INEI expects to
submit a proposal for dissolution of INEI to a vote of its stockholders at its
next annual meeting. In light of INEI's actions, CERBCO has indicated that it
expects to submit a proposal for dissolution of CERBCO to its stockholders at
its next annual meeting.

     In connection with the contemplated dissolution proposal, the Company
indicated that, while at the present time, it is not able to predict with
certainty the actual realizable value of its remaining assets, the amounts, if
any, that it may receive in connection with the liquidation of INEI, the
ultimate settlement amounts of CERBCO's liabilities or the amounts it actually
will expend during the liquidation process, it currently anticipates that the
amount ultimately distributable to its stockholders will be between $8.50 and
$11.50 per share of Common Stock and Class B Common Stock. To the extent that
the value of CERBCO's assets or the amounts that it received in liquidation from
INEI are less, or the amount of its liabilities or the amounts that it expends
during liquidation are greater, than CERBCO anticipates, its stockholders may
receive substantially less than CERBCO presently anticipates or nothing at all.

     In any event, CERBCO does not expect to make any distributions until after
it has received one or more distributions from INEI. Under its agreement with
Insituform Technologies, INEI is not permitted to make any distributions until
September 6, 2004.

     CERBCO, Inc. [OTC:CERB] is a parent holding company with controlling
interest in INEI Corporation [OTC:INEI] (formerly known as Insituform East,
Incorporated).

     Statements in this press release that are not historical fact including,
without limitation, statements as to the timing and amount of possible
liquidation proceeds and CERBCO's possible future plans, are forward-looking
statements, as that term is defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that are subject to change at any time
and from time to time. CERBCO intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995, and is including this
statement for purposes of invoking these safe harbor provisions. Forward-looking
statements such as these involve known and unknown risks, uncertainties and
other important factors that could cause the Company's actual results,
performance or achievements, or other subjects of such statements, to differ
materially from the Company's expectations regarding such matters expressed or
implied by such forward-looking statements. These risks include the risk that we
may incur additional liabilities, that the proceeds from the sale of our
non-cash assets could be lower than anticipated, and that the amount required
for the settlement of our liabilities could be higher than expected, as well as
other risks and uncertainties that are described in the Company's filings with
the Securities and Exchange Commission, all of which could substantially reduce
the amount available for distribution to our stockholders.

                                      * * *

Contact:      Robert W. Erikson                         George Wm. Erikson
              President                                 Chairman
              (301) 773-1784                            (301) 773-1784
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UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)             December 16, 2003
                                                             -----------------

                                  CERBCO, Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
--------------------------------------------------------------------------------
                 (State or other jurisdiction of incorporation)

   0-16749                                                   54-1448835
--------------------------------------- ----------------------------------------
(Commission File Number)                      (IRS Employer Identification No.)

3421 Pennsy Drive, Landover, Maryland                         20785-1608
--------------------------------------- ----------------------------------------
(Address of principal executive offices)                      (Zip Code)

               Registrant's telephone number including area code:
                              (301) 773-1784 (tel)
                              (301) 322-3041 (fax)

                                      None
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)
Item 5.    Other Events.

     See press release of the registrant dated December 16, 2003 attached
hereto.

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: December 16, 2003                      CERBCO, Inc.
                                             -----------------------------------
                                             (Registrant)

                                              By: /s/ Robert W. Erikson
                                              ----------------------------------
                                              Robert W. Erikson
                                              President

                                                                  PRESS RELEASE
                                                          For Immediate release

             CERBCO ANNOUNCES REVISED ESTIMATE FOR QUARTER OF ANNUAL
                        MEETING OF STOCKHOLDERS TO OCCUR

     LANDOVER, MD, December 16, 2003 - CERBCO, Inc. (OTC: CERB) today confirmed
that it will not hold, during the quarter ending March 31,2004, its annual
meeting of stockholders for the fiscal year ended June 30, 2003. The Company
previously had estimated such quarter for holding its annual meeting. Due to
administrative lead times required to prepare and clear the necessary Proxy
Statement, including a potential proposal to dissolve the corporation, the
Company has presently revised its estimated period for the holding of such
annual meeting to occur during the quarter ending June 30, 2004. An exact date,
time and place will be contained in the Notice of Annual Meeting that will be
mailed to all stockholders, along with the Proxy Statement, in regular course.

     The Company also previously had announced that its indirect, majority owned
subsidiary, INEI Corporation (formerly Insituform East, Incorporated) (OTC:
INEI), had entered into an agreement with Insituform Technologies, Inc. for the
sale of substantially all of its non-real estate assets and on-going business,
and, that, pursuant to that agreement, INEI had agreed that, after the closing
of the asset sale (i) it would consider in good faith the dissolution of INEI
and, unless it was determined by its Board of Directors in accordance with its
fiduciary duties that such dissolution was not in the best interest of the
Company and its stockholders, INEI would submit a proposed dissolution to a vote
of its stockholders no later than INEI's next annual meeting, and (ii) if such a
dissolution was approved its stockholders, to file a certificate of dissolution
with the Delaware Secretary of State.

     CERBCO has indicated that, to the extent that INEI ultimately elected to
dissolve, CERBCO anticipated that it was likely that it would elect to dissolve,
liquidate its remaining assets and, after satisfaction of its liabilities,
distribute to its stockholders any remaining assets. INEI announced today that
its Board of Directors has not determined that dissolution is not in its best
interest and those of its stockholders and, therefore, that INEI expects to
submit a proposal for dissolution of INEI to a vote of its stockholders at its
next annual meeting. In light of INEI's actions, CERBCO has indicated that it
expects to submit a proposal for dissolution of CERBCO to its stockholders at
its next annual meeting.

     In connection with the contemplated dissolution proposal, the Company
indicated that, while at the present time, it is not able to predict with
certainty the actual realizable value of its remaining assets, the amounts, if
any, that it may receive in connection with the liquidation of INEI, the
ultimate settlement amounts of CERBCO's liabilities or the amounts it actually
will expend during the liquidation process, it currently anticipates that the
amount ultimately distributable to its stockholders will be between $8.50 and
$11.50 per share of Common Stock and Class B Common Stock. To the extent that
the value of CERBCO's assets or the amounts that it received in liquidation from
INEI are less, or the amount of its liabilities or the amounts that it expends
during liquidation are greater, than CERBCO anticipates, its stockholders may
receive substantially less than CERBCO presently anticipates or nothing at all.

     In any event, CERBCO does not expect to make any distributions until after
it has received one or more distributions from INEI. Under its agreement with
Insituform Technologies, INEI is not permitted to make any distributions until
September 6, 2004.

     CERBCO, Inc. [OTC:CERB] is a parent holding company with controlling
interest in INEI Corporation [OTC:INEI] (formerly known as Insituform East,
Incorporated).

     Statements in this press release that are not historical fact including,
without limitation, statements as to the timing and amount of possible
liquidation proceeds and CERBCO's possible future plans, are forward-looking
statements, as that term is defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements involve known and unknown risks,
uncertainties and other important factors that are subject to change at any time
and from time to time. CERBCO intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995, and is including this
statement for purposes of invoking these safe harbor provisions. Forward-looking
statements such as these involve known and unknown risks, uncertainties and
other important factors that could cause the Company's actual results,
performance or achievements, or other subjects of such statements, to differ
materially from the Company's expectations regarding such matters expressed or
implied by such forward-looking statements. These risks include the risk that we
may incur additional liabilities, that the proceeds from the sale of our
non-cash assets could be lower than anticipated, and that the amount required
for the settlement of our liabilities could be higher than expected, as well as
other risks and uncertainties that are described in the Company's filings with
the Securities and Exchange Commission, all of which could substantially reduce
the amount available for distribution to our stockholders.

                                      * * *

Contact:      Robert W. Erikson                         George Wm. Erikson
              President                                 Chairman
              (301) 773-1784                            (301) 773-1784