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)              June 30, 1997




                                  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
(Address of principal executive offices)              (Zip Code)



               Registrant's telephone number including area code:
                              (301) 773-1784 (tel)
                              (301) 322-3041 (fax)
                 (301) 773-4560 (24-Hour Fax Vault Information)


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





<PAGE>



Item 5.    Other Events.

           See press  release of the  registrant  dated June 30,  1997  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:  July 10, 1997                          CERBCO, Inc.
                                              (Registrant)


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


<PAGE>


                                                                   PRESS RELEASE
                                                           For Immediate Release

                     CERBCO DECLARES SPECIAL CASH DIVIDENDS

         LANDOVER,  MD, June 30, 1997 - CERBCO,  Inc.  [NASDAQ:  CERB] announced
today that the Company has  declared  special  cash  dividends of one dollar and
fifty cents  ($1.50) per share on its shares of Common  Stock and one dollar and
fifty cents ($1.50) per share on its Class B Common Stock. Both dividends are to
be paid on or about July 30, 1997 to the  stockholders of record at the close of
business on July 15, 1997. The special dividend was declared consistent with the
previously  disclosed  intent of the Company as contained  in a Proxy  Statement
mailed  to  stockholders  on or  about  May  27,  1997,  the  favorable  vote of
stockholders  at  the  Company's  Special  Meeting  held  June  27,  1997  and a
subsequent  closing as of June 30, 1997 wherein  CERBCO  redeemed its two-thirds
stake in Capitol Office Solutions,  Inc. ("COS"),  held by CERBCO's wholly-owned
subsidiary,  CERBERONICS,  Inc.  ("CERBERONICS"  ), for $19 million in cash plus
two-thirds of an approximate $5 million pre-redemption dividend paid by COS.

         CERBCO, Inc. [NASDAQ:  CERB] is a parent holding company which, through
its  wholly-owned  subsidiary  CERBERONICS,  Inc., has controlling  interests in
Insituform East,  Incorporated [NASDAQ: INEI] (excavationless sewer and pipeline
rehabilitation).

                                       ***
Contact: Robert W. Erikson                    George Wm. Erikson
         President                            Chairman
         (301) 773-1784                       (301) 773-1784
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K RE OTHER EVENTS", "secsgml_size_bytes": 3750}]
{"company-data": {"conformed-name": "CERBCO INC", "cik": "0000826821", "assigned-sic": "1700", "irs-number": "541448835", "state-of-incorporation": "DE", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-16749", "film-number": "97638798"}, "business-address": {"street1": "3421 PENNSY DR", "city": "LANDOVER", "state": "MD", "zip": "20785", "phone": "3013223041"}, "mail-address": {"street1": "3421 PENNSY DRIVE", "street2": "3421 PENNSY DRIVE", "city": "LANDOVER", "state": "MD", "zip": "20785"}}
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)              June 30, 1997

                                  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
(Address of principal executive offices)              (Zip Code)

               Registrant's telephone number including area code:
                              (301) 773-1784 (tel)
                              (301) 322-3041 (fax)
                 (301) 773-4560 (24-Hour Fax Vault Information)

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

           See press  release of the  registrant  dated June 30,  1997  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:  July 10, 1997                          CERBCO, Inc.
                                              (Registrant)

                                              By: /s/ Robert W. Erikson
                                                  Robert W. Erikson
                                                  President
PRESS RELEASE
                                                           For Immediate Release

                     CERBCO DECLARES SPECIAL CASH DIVIDENDS

         LANDOVER,  MD, June 30, 1997 - CERBCO,  Inc.  [NASDAQ:  CERB] announced
today that the Company has  declared  special  cash  dividends of one dollar and
fifty cents  ($1.50) per share on its shares of Common  Stock and one dollar and
fifty cents ($1.50) per share on its Class B Common Stock. Both dividends are to
be paid on or about July 30, 1997 to the  stockholders of record at the close of
business on July 15, 1997. The special dividend was declared consistent with the
previously  disclosed  intent of the Company as contained  in a Proxy  Statement
mailed  to  stockholders  on or  about  May  27,  1997,  the  favorable  vote of
stockholders  at  the  Company's  Special  Meeting  held  June  27,  1997  and a
subsequent  closing as of June 30, 1997 wherein  CERBCO  redeemed its two-thirds
stake in Capitol Office Solutions,  Inc. ("COS"),  held by CERBCO's wholly-owned
subsidiary,  CERBERONICS,  Inc.  ("CERBERONICS"  ), for $19 million in cash plus
two-thirds of an approximate $5 million pre-redemption dividend paid by COS.

         CERBCO, Inc. [NASDAQ:  CERB] is a parent holding company which, through
its  wholly-owned  subsidiary  CERBERONICS,  Inc., has controlling  interests in
Insituform East,  Incorporated [NASDAQ: INEI] (excavationless sewer and pipeline
rehabilitation).

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