SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): November 3, 1998


                     CALIFORNIA INFRASTRUCTURE AND ECONOMIC
                  DEVELOPMENT BANK SPECIAL PURPOSE TRUST SCE-1

                            (Issuer of Certificates)



                                 SCE FUNDING LLC
        (Exact Name of Registrant as Specified in Charter)



           Delaware                   333-30785                  95-46440661
 (State or Other Jurisdiction        (Commission                (IRS Employer
       of Incorporation              File Number)            Identification No.)





       2244 Walnut Grove Avenue, Room 180, Rosemead, CA           91770
-------------------------------------------------------------------------------
               (Address of Principal Executive Offices)         (Zip Code)



  Registrant's telephone number, including area code:       (626) 302-1850
--------------------------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)



<PAGE>






Items 1  through  4, 6, and 8 through 9 are not  included  because  they are not
applicable.

Item 5.  Other Events

California Proposition 9

         On November 3, 1998,  California  voters rejected the voter  initiative
designated as  Proposition 9.  Approximately  73 percent of the total votes cast
were  voted   against  the   proposition.   Proposition  9  would  have  amended
California's  electric  restructuring  legislation so as, among other things, to
restrict the recovery of certain utility investments and prohibit the collection
of customer charges for the payment of rate reduction certificates.

         Harvey  Rosenfield of Californians  against Utility Taxes (CUT), one of
the principal  backers of  Proposition 9, has been quoted in the press as saying
that  supporters of Proposition 9 may consider filing a lawsuit to challenge the
use of customer-financed bonds or prevent customers from being billed for the $6
billion of rate reduction  certificates issued in California.  The registrant is
unable to predict  whether or when any parties will file  lawsuits or take other
actions to accomplish the objectives of Proposition 9, or the outcome if they do
so.

         This  matter  was  previously  discussed  in  Part  II,  Item  1 of the
registrant's  Quarterly  Report on Form 10-Q for the quarter ended September 30,
1998.

(a)      Financial Statements of Businesses Acquired.  Not applicable.

(b)      Pro Forma Financial Information.  Not applicable.

(c)      Exhibits.  None



<PAGE>



                                   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 thereunto duly authorized.


                                                SCE FUNDING LLC


                                       By:      Kenneth S. Stewart
                                            -----------------------------------
                                                Kenneth S. Stewart
                                                Secretary and General Counsel

November 13, 1998
[{"type": "8-K", "sequence": "1", "description": "PROPOSITION 9", "secsgml_size_bytes": 3593}]
{"company-data": {"conformed-name": "SCE FUNDING LLC", "cik": "0001041856", "assigned-sic": "6189", "irs-number": "954640661", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-30785", "film-number": "98747652"}, "business-address": {"street1": "2244 WALNUT GROVE AVE", "street2": "ROOM 180", "city": "ROSEMEAD", "state": "CA", "zip": "91770", "phone": "6263021850"}, "mail-address": {"street1": "2244 WALNUT GROVE AVE", "street2": "ROOM 180", "city": "ROSEMEAD", "state": "CA", "zip": "91770"}}
SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): November 3, 1998

                     CALIFORNIA INFRASTRUCTURE AND ECONOMIC
                  DEVELOPMENT BANK SPECIAL PURPOSE TRUST SCE-1

                            (Issuer of Certificates)

                                 SCE FUNDING LLC
        (Exact Name of Registrant as Specified in Charter)

           Delaware                   333-30785                  95-46440661
 (State or Other Jurisdiction        (Commission                (IRS Employer
       of Incorporation              File Number)            Identification No.)

       2244 Walnut Grove Avenue, Room 180, Rosemead, CA           91770
-------------------------------------------------------------------------------
               (Address of Principal Executive Offices)         (Zip Code)

  Registrant's telephone number, including area code:       (626) 302-1850
--------------------------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)
Items 1  through  4, 6, and 8 through 9 are not  included  because  they are not
applicable.

Item 5.  Other Events

California Proposition 9

         On November 3, 1998,  California  voters rejected the voter  initiative
designated as  Proposition 9.  Approximately  73 percent of the total votes cast
were  voted   against  the   proposition.   Proposition  9  would  have  amended
California's  electric  restructuring  legislation so as, among other things, to
restrict the recovery of certain utility investments and prohibit the collection
of customer charges for the payment of rate reduction certificates.

         Harvey  Rosenfield of Californians  against Utility Taxes (CUT), one of
the principal  backers of  Proposition 9, has been quoted in the press as saying
that  supporters of Proposition 9 may consider filing a lawsuit to challenge the
use of customer-financed bonds or prevent customers from being billed for the $6
billion of rate reduction  certificates issued in California.  The registrant is
unable to predict  whether or when any parties will file  lawsuits or take other
actions to accomplish the objectives of Proposition 9, or the outcome if they do
so.

         This  matter  was  previously  discussed  in  Part  II,  Item  1 of the
registrant's  Quarterly  Report on Form 10-Q for the quarter ended September 30,
1998.

(a)      Financial Statements of Businesses Acquired.  Not applicable.

(b)      Pro Forma Financial Information.  Not applicable.

(c)      Exhibits.  None
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 thereunto duly authorized.

                                                SCE FUNDING LLC

                                       By:      Kenneth S. Stewart
                                            -----------------------------------
                                                Kenneth S. Stewart
                                                Secretary and General Counsel

November 13, 1998