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    <td align="center"><b><font size=2 face="serif">As filed with the Securities and Exchange
    Commission on July 16, 2004 </font></b> </td>
  </tr>
  <tr>
    <td align="right"> <b><font size=2 face="serif">Registration No. 333-_____</font></b> </td>
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<P align="center"><B><FONT size=4 face="serif">SECURITIES AND EXCHANGE COMMISSION<br>
</FONT></B><B><FONT face="serif">Washington, D.C. 20549 </FONT></B></P>
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<B><FONT size=4 face="serif">FORM S-8 </FONT></B>
</P>
<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;<font size="3">&nbsp;<B><FONT face="serif">REGISTRATION
STATEMENT<br>
UNDER THE SECURITIES ACT OF 1933</FONT></B></font>
</P>
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<P align="center"> <B><FONT size=5 face="serif">Commonwealth Telephone Enterprises,
  Inc.</FONT><FONT size=4 face="serif"><br>
</FONT></B><B><FONT size=1 face="serif">(Exact Name of Registrant as specified in its charter) </FONT></B></P>
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      <TD width="50%" align="center"><B><FONT size=1 face="serif">Pennsylvania</FONT></B></TD>
      <TD align="center" width="50%"><B><FONT size=1 face="serif">23-2093008</FONT></B></TD>
    </TR>
    <TR align="center">
      <TD width="50%"><FONT size=1 face="serif">(State or other jurisdiction of<br>
      incorporation or organization)   </FONT></TD>
      <TD width="50%"><FONT size=1 face="serif">(I.R.S. Employer<br>
      Identification No.)   </FONT></TD>
    </TR>
  </TABLE>
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<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="serif">100 CTE Drive<br>
</FONT></B><B><FONT size=2 face="serif">Dallas, Pennsylvania 18612-9774<br>
</FONT></B><FONT size=1 face="serif">(Address including zip code of Principal Executive Offices)</FONT>
</P>
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<B><FONT size=2 face="serif">Commonwealth Builder 401(k) Plan<br>
</FONT></B><FONT size=1 face="serif">(Full title of the plan)</FONT><B><FONT size=1 face="serif"> </FONT></B></P>
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<B><FONT size=2 face="serif">Ray B. Ostroski, Esq.<br>
Senior Vice President,<br>
</FONT></B><B><FONT size=2 face="serif">General Counsel and Corporate Secretary<br>
Commonwealth
Telephone Enterprises, Inc.<br>
</FONT></B><B><FONT size=2 face="serif">100 CTE Drive<br>
Dallas, Pennsylvania 18612-9774<br>
(570) 631-2700<br>
</FONT></B><FONT size=1 face="serif">(Name, address and telephone number, including area code, of agent for service)</FONT></P>
<hr align=center width=15% size=1 noshade color="#000000"><P align="center">
<B><I><FONT size=2 face="serif">Copy to:</FONT></I></B><font size="2"><B><FONT face="serif"> </FONT></B></font>
</P>
<P align="center">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=2 face="serif">Barbara Nims, Esq.<br>
Davis
Polk &amp; Wardwell<br>
</FONT></B><B><FONT size=2 face="serif">450 Lexington Avenue<br>
New York,
      New York 10017<br>
  212-450-4000 </FONT></B></P>
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<div align="center"><B><FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT></B>
</div>
<TABLE width="100%" border=1 cellspacing=2 cellpadding=2>
<TR valign="bottom">
   <TD width="40%" align="center">&nbsp;&nbsp;&nbsp;<B><FONT size=1 face="serif">Title of Securities to be Registered</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Amount to be<br>
    Registered(1)(2)</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Proposed Maximum<br>
Offering Price Per<br>
Share (3)</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Proposed Maximum<br>
Aggregate<br>
Offering Price (3)</FONT></B></TD>
   <TD width="15%" align="center"><B><FONT size=1 face="serif">Amount of<br>
    Registration Fee</FONT></B></TD>
  </TR>
<TR valign="bottom">
   <TD width="40%"><FONT size=2 face="serif">Common Stock, par value $1.00 per share (&#147;Common Stock&#148;)(1)(2)</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">400,000</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$44.20</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$17,680,000</FONT></TD>
   <TD width="15%" align="center"><FONT size=2 face="serif">$2,240.06</FONT></TD>
  </TR>
</TABLE>
<table width="100%" border="0" cellspacing="4" cellpadding="1">
  <tr align="left" valign="top">
    <td width="5%"><font size=2 face="serif">(1) </font></td>
    <td width="95%"><font size=2 face="serif">Plus an indeterminate number
        of additional shares which may be offered or issued to prevent dilution
    from stock splits, stock dividends or similar transactions. </font> </td>
  </tr>
  <tr align="left" valign="top">
    <td width="5%"><font size=2 face="serif">(2) </font></td>
    <td width="95%"> <font size=2 face="serif">In addition, pursuant to Rule
        416(c) under the Securities Act of 1933, as amended (the &#147;Securities
        Act&#148;), this Registration Statement also covers an indeterminate
        amount of interests to be offered or sold pursuant to the Commonwealth
    Builder 401(k) Plan. </font> </td>
  </tr>
  <tr align="left" valign="top">
    <td><font size=2 face="serif">(3) </font></td>
    <td> <font size=2 face="serif">Estimated solely for the purpose of determining
        the registration fee pursuant to paragraphs (c) and (h) of Rule 457 under
        the Securities Act of 1933, on the basis of the high and low sales prices
    of the Company&#146;s Common Stock as reported by NASDAQ on July 9, 2004. </font> </td>
  </tr>
</table>
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<P align="center">
<B><FONT size=2 face="serif">PART I </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The information specified in Item 1 and Item 2 of Part I of the Registration Statement is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of
1933, as amended (the &#147;1933 Act&#148;) and the introductory note to Part I of the Registration Statement. The documents containing the information specified in Part I will be delivered to the participants in the plan covered by this
Registration Statement as required by Rule 428(b)(1). </FONT>
</P>
<P align="center">
<B><FONT size=2 face="serif">PART II </FONT></B>
</P>
<P align="center">
<B><FONT size=2 face="serif">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT </FONT></B>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following documents filed with the Securities and Exchange Commission (the &#147;Commission&#148;) by Commonwealth Telephone Enterprises, Inc. (the &#147;Company&#148;) pursuant to the
Securities Exchange Act of 1934, as amended (the &#147;1934 Act&#148;), are incorporated herein by reference. </FONT>
</P>
<blockquote>
  <p>
    <FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"></FONT>&nbsp;(1) The Company&#146;s Annual Report on Form 10-K for the year ended December 31, 2003. </FONT>
  </p>
  <p>
    <FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"></FONT>&nbsp;(2) All reports filed pursuant to Section 13(a) or 15(d) of the 1934 Act since December 31, 2003. </FONT>
  </p>
  <p>
  <FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"></FONT>&nbsp;(3) The description of the Company&#146;s Common Stock, each contained in the Company&#146;s registration statement</FONT>
  <FONT size=2 face="serif">on Form 8-A, dated September 25, 1998. </FONT>
  </p>
</blockquote>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act, prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 4. DESCRIPTION OF SECURITIES </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"></FONT>&nbsp;Not applicable. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Raymond B. Ostroski, Esq.,</FONT><SUP><FONT size=2 face="serif"> </FONT></SUP><FONT size=2 face="serif">has given his opinion about certain legal matters affecting the shares of the
Company&#146;s Common Stock registered under this Registration Statement. Mr. Ostroski is Senior Vice President, General Counsel and Corporate Secretary of the Registrant and beneficially owns, or has the right to acquire, a number of shares of the
Company&#146;s Common Stock which represents less than 1% of the total outstanding Common Stock of the Company. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Section 1741 of the Business Corporation Law of the Commonwealth of Pennsylvania (&#147;BCLCP&#148;) provides that, in addition to the mandatory indemnification provided in Section 1743 of the
BCLCP, a corporation may indemnify a director or officer who was or is a party or is threatened to be made a party to any action or proceeding, whether civil criminal, administrative or investigative, against expenses (including attorney&#146;s
fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action or proceeding, provided he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best
interests </FONT>
</P>

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<FONT size=2 face="serif">of the corporation and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct was unlawful.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Section 1742 of the BCLCP provides that a corporation may indemnify a director or officer made, or threatened to be made, a party to any derivative action, against expenses (including
attorneys&#146; fees) actually and reasonably incurred by him in connection with the defense or settlement of the action, provided he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the
corporation.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In addition, Article V of the Bylaws of the Registrant provides that, except as prohibited by law, no director (or former director) shall be liable to the Registrant corporation or its
shareholders for monetary damages for or resulting from any act, omission or failure to act by reason of the fact that he is or was a director. In addition, the indemnification does not apply to (i) any breach of duty or failure to perform a duty
that constitutes self-dealing, willful misconduct or recklessness, or (ii) any criminal responsibility or liability or the payment of taxes pursuant to local, state or federal law.</FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The Bylaws specify that any person (and the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to, or is involved in any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a director or officer of the Registrant (or serving at the request of the Registrant) shall
be indemnified and held harmless to the fullest extent permitted by Pennsylvania law. Such person shall be entitled to be paid in advance of the final disposition of such proceedings to the fullest extent authorized by Pennsylvania Law. Other
individuals serving as employees or agents of the Registrant, or serving as such at another corporation, partnership, limited liability company, joint venture, trust, or other enterprise at the request of the Registrant, may be indemnified by action
of the Board of Directors of the Registrant to the extent and to the effect it determines appropriate and authorized by Pennsylvania law.</FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"></FONT>&nbsp;Not applicable. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 8. EXHIBITS </FONT></B>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">4.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Amended and Restated Articles of
      Incorporation (filed with the Corporation Bureau of the Pennsylvania </FONT><FONT size=2 face="serif">Department
      of State on September 3, 2003 and incorporated herein by reference to Exhibit
      3.12 to the </FONT><FONT size=2 face="serif">Company&#146;s Form S-1 Registration
      Statement, Registration No. 333-10325, as filed with the Securities and
      </FONT><FONT size=2 face="serif">Exchange Commission on November 7, 2003).*</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">4.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Amended and Restated Bylaws of the
      Company (incorporated herein by reference to Exhibit 3.1 of the </FONT><FONT size=2 face="serif">Company&#146;s
      Form 8-K, File Number 0-11053, filed with the Securities and Exchange Commission
      on </FONT><FONT size=2 face="serif">December 3, 2003).*</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">4.3</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Commonwealth Builder 401(k) Plan.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">5.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Opinion of Raymond B. Ostroski,
      Esq. as to the legality of the Common Stock being registered pursuant </FONT><FONT size=2 face="serif">hereto.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">5.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Letter dated July 13, 2004 from
      Milliman USA, Inc. regarding qualification of the plan under Section 401
      </FONT><FONT size=2 face="serif">of the Internal Revenue Code of 1986, as
      amended.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">23.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Consent of PricewaterhouseCoopers
      LLP.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">23.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Consent of Raymond B. Ostroski,
      Esq. (included in his opinion filed as Exhibit 5.1).</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">24.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Frank M. Henry.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">24.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Richard R.
      Jaros.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">24.3</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Daniel E.
      Knowles.</FONT></TD>
  </TR>
</TABLE>

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  <TD width="5%"><font size=2 face="serif">24.4 </font></TD>
   <TD width="95%"><FONT size=2 face="serif">Power of Attorney for David C. McCourt.</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD width="5%"><font size=2 face="serif">24.5 </font></TD>
   <TD width="95%"><FONT size=2 face="serif">Power of Attorney for David C. Mitchell.</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD width="5%"><font size=2 face="serif">24.6 </font></TD>
   <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Eugene Roth.</FONT></TD>
</TR>
<TR>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD width="5%"><font size=2 face="serif">24.7 </font></TD>
   <TD width="95%"><FONT size=2 face="serif">Power of Attorney for John J. Whyte.</FONT></TD>
</TR>
</TABLE>
<P>
<FONT size=2 face="serif">____________________<BR> * Incorporated by reference. </FONT>
</P>
<P>
<B><FONT size=2 face="serif">ITEM 9. REQUIRED UNDERTAKINGS </FONT></B>
</P>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif"></FONT>&nbsp;(a) The undersigned Company hereby undertakes: </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement to include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(2) That, for the purpose of determining any liability under the 1933 Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering thereof. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) The undersigned company hereby undertakes that, for purposes of determining any liability under the 1933 Act, each filing of the Company&#146;s annual report pursuant to Section 13(a) or
Section 15(d) of the 1934 Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the 1934 Act) that is incorporated by reference in this Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </FONT><I><FONT size=2 face="serif">bona fide</FONT></I><FONT size=2 face="serif"> offering
thereof. </FONT>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or
otherwise, the Company has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue. </FONT>
</P>

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<B><FONT size=2 face="serif">SIGNATURES </FONT></B>
</P>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the 1933 Act, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this Registration Statement and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, Commonwealth of Pennsylvania, on the 14</FONT><SUP><FONT size=2 face="serif">th</FONT></SUP><FONT size=2
face="serif"> day of July, 2004. </FONT>
</P>
<div align="right">
  <TABLE width="50%" border=0 cellspacing=0 cellpadding=0>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">By:</FONT></TD>
      <TD align="left" width="91%"><FONT size=2 face="serif">/s/ Michael J. Mahoney</FONT></TD>
    </TR>
    <TR>
      <TD width="9%">&nbsp;</TD>
      <TD width="91%" align="left"><HR align="left" width="50%" size=1 noshade></TD>
    </TR>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">Name:</FONT></TD>
      <TD width="91%" align="left"><FONT size=2 face="serif">Michael J. Mahoney</FONT></TD>
    </TR>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">Title:</FONT></TD>
      <TD width="91%" align="left"><FONT size=2 face="serif">President and Chief Executive Officer</FONT></TD>
    </TR>
  </TABLE>
</div>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the 1933 Act, the trustees (or other persons who administer the Commonwealth Builder 401(k) Plan (the &#147;Plan&#148;)) have duly caused this Registration
Statement to be signed on behalf of the Plan by the undersigned, thereunto duly authorized, in the City of Dallas, Commonwealth of Pennsylvania, on the 14</FONT><SUP><FONT size=2 face="serif">th</FONT></SUP><FONT size=2 face="serif"> day of July,
2004. </FONT>
</P>
<div align="right">
  <TABLE width="50%" border=0 cellspacing=0 cellpadding=0>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">By:</FONT></TD>
      <TD align="left" width="91%"><FONT size=2 face="serif">/s/ F. Andrew Logue</FONT></TD>
    </TR>
    <TR>
      <TD width="9%">&nbsp;</TD>
      <TD width="91%" align="left"><HR align="left" width="50%" size=1 noshade></TD>
    </TR>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">Name:</FONT></TD>
      <TD width="91%" align="left"><FONT size=2 face="serif">F. Andrew Logue</FONT></TD>
    </TR>
    <TR>
      <TD width="9%"><FONT size=2 face="serif">Title:</FONT></TD>
      <TD width="91%" align="left"><FONT size=2 face="serif">Vice President of Human Resources</FONT></TD>
    </TR>
  </TABLE>
  <br>
  <br>
</div>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated. </FONT>
</P>
<TABLE width="90%" border=0 cellspacing=0 cellpadding=0>
  <TR>
    <TD width="30%" align="center"><B><FONT size=1 face="serif"><u>Signature</u></FONT></B></TD>
    <TD align="center" width="30%"><B><FONT size=1 face="serif"><u>Title</u></FONT></B></TD>
    <TD align="center" width="20%"><B><FONT size=1 face="serif"><u>Date</u></FONT></B></TD>
    <TD align="center" width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">/s/ Michael J. Mahoney</FONT></TD>
    <TD width="30%" align="center"><font size=2 face="serif">President and Chief
      Executive</font></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 14, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center"><font size=2 face="serif">Officer</font></TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">Michael J. Mahoney</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">/s/ Donald P. Cawley</FONT></TD>
    <TD width="30%" align="center"><font size=2 face="serif">Executive Vice President
      and Chief</font></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 14, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center"><font size=2 face="serif">Accounting Officer</font></TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">Donald P. Cawley</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">Walter Scott, Jr.</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">James Q. Crowe</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">*</FONT></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 16, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">Frank M. Henry</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center">&nbsp;&nbsp;<FONT size=2 face="serif">*</FONT></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 16, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">Richard R. Jaros</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">*</FONT></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 16, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">Daniel E. Knowles</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">*</FONT></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 16, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">David C. McCourt</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">*</FONT></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 16, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">David C. Mitchell</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">*</FONT></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 16, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">Eugene Roth</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">*</FONT></TD>
    <TD width="30%" align="center"><FONT size=2 face="serif">Director</FONT></TD>
    <TD width="20%" align="center"><FONT size=2 face="serif">July 16, 2004</FONT></TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><HR noshade size=1></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD width="30%" align="center"><FONT size=2 face="serif">John J. Whyte</FONT></TD>
    <TD width="30%" align="center">&nbsp;</TD>
    <TD width="20%" align="center">&nbsp;</TD>
    <TD width="20%">&nbsp;</TD>
  </TR>
  <TR>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
<TR>
   <TD width="4%"><FONT size=2 face="serif">*By:</FONT></TD>
   <TD width="96%" align="left"><font size="2" face="Times New Roman, Times, serif">/s/ Michael J. Mahoney </font></TD>
</TR>
<TR>
   <TD width="4%">&nbsp;</TD>
   <TD width="96%" align="left"><HR align="left" width="20%" size=1 noshade></TD>
</TR>
<TR>
   <TD width="4%">&nbsp;</TD>
   <TD align="left" width="96%"><FONT size=2 face="serif">Name:&nbsp;&nbsp;</FONT><font size="2" face="Times New Roman, Times, serif">Michael
    J. Mahoney </font></TD>
</TR>
<TR>
   <TD width="4%">&nbsp;</TD>
   <TD align="left" width="96%"><FONT size=2 face="serif">Title: &nbsp;&nbsp;&nbsp;Attorney-in-Fact</FONT></TD>
</TR>
</TABLE>
<P>
<FONT size=2 face="serif">Date: July 16, 2004 </FONT>
</P>

<br>
<br>
<hr size=3 color=GRAY noshade>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<br>
<br>
<P align="center">
<B><FONT size=2 face="serif">EXHIBIT INDEX </FONT></B>
</P>
<TABLE width="100%" border=0 cellspacing=0 cellpadding=0>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">4.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Amended and Restated Articles of
      Incorporation (filed with the Corporation Bureau of the Pennsylvania </FONT><FONT size=2 face="serif">Department
      of State on September 3, 2003 and incorporated herein by reference to Exhibit
      3.12 to the </FONT><FONT size=2 face="serif">Company&#146;s Form S-1 Registration
      Statement, Registration No. 333-10325, as filed with the Securities and
      </FONT><FONT size=2 face="serif">Exchange Commission on November 7, 2003).*</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">4.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Amended and Restated Bylaws of the
      Company (incorporated herein by reference to Exhibit 3.1 of the </FONT><FONT size=2 face="serif">Company&#146;s
      Form 8-K, File Number 0-11053, filed with the Securities and Exchange Commission
      on </FONT><FONT size=2 face="serif">December 3, 2003).*</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">4.3</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Commonwealth Builder 401(k) Plan.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">5.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Opinion of Raymond B. Ostroski,
      Esq. as to the legality of the Common Stock being registered pursuant </FONT><FONT size=2 face="serif">hereto.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">5.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Letter dated July 13, 2004 from
      Milliman USA, Inc. regarding qualification of the plan under Section 401
      </FONT><FONT size=2 face="serif">of the Internal Revenue Code of 1986, as
      amended.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">23.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Consent of PricewaterhouseCoopers
      LLP.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">23.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Consent of Raymond B. Ostroski,
      Esq. (included in his opinion filed as Exhibit 5.1).</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">24.1</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Frank M. Henry.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">24.2</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Richard R.
      Jaros.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD width="5%" align="right"><FONT size=2 face="serif">24.3</FONT></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Daniel E.
      Knowles.</FONT></TD>
  </TR>
  <TR>
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="5%" align="right"><font size=2 face="serif">24.4 </font></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for David C. McCourt.</FONT></TD>
  </TR>
  <TR>
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="5%" align="right"><font size=2 face="serif">24.5 </font></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for David C. Mitchell.</FONT></TD>
  </TR>
  <TR>
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="5%" align="right"><font size=2 face="serif">24.6 </font></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for Eugene Roth.</FONT></TD>
  </TR>
  <TR>
    <TD align="right">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD width="5%" align="right"><font size=2 face="serif">24.7 </font></TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="95%"><FONT size=2 face="serif">Power of Attorney for John J. Whyte.</FONT></TD>
  </TR>
</TABLE>
<P>
<FONT size=2 face="serif">____________________<BR> * Incorporated by reference. <br>
</FONT>
</P>
<HR noshade align="center" width="100%" size=3>
</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "jul1604_s8.htm", "secsgml_size_bytes": 44258}]
{"company-data": {"conformed-name": "COMMONWEALTH TELEPHONE ENTERPRISES INC /NEW/", "cik": "0000310433", "assigned-sic": "4813", "irs-number": "232093008", "state-of-incorporation": "PA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-117450", "film-number": "04918646"}, "business-address": {"street1": "100 CTE DRIVE", "street2": "PO BOX 800", "city": "DALLAS", "state": "PA", "zip": "18612-9799", "phone": "7176742700"}, "former-company": [{"former-conformed-name": "C TEC CORP", "date-changed": "19920703"}, {"former-conformed-name": "COMMONWEALTH TELEPHONE ENTERPRISES INC", "date-changed": "19860501"}]}
jul1604_s8
As filed with the Securities and Exchange
    Commission on July 16, 2004
Registration No. 333-_____
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION
STATEMENT
UNDER THE SECURITIES ACT OF 1933
Commonwealth Telephone Enterprises,
  Inc.
(Exact Name of Registrant as specified in its charter)
Pennsylvania
23-2093008
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
100 CTE Drive
Dallas, Pennsylvania 18612-9774
(Address including zip code of Principal Executive Offices)
Commonwealth Builder 401(k) Plan
(Full title of the plan)
Ray B. Ostroski, Esq.
Senior Vice President,
General Counsel and Corporate Secretary
Commonwealth
Telephone Enterprises, Inc.
100 CTE Drive
Dallas, Pennsylvania 18612-9774
(570) 631-2700
(Name, address and telephone number, including area code, of agent for service)
Copy to:
Barbara Nims, Esq.
Davis
Polk & Wardwell
450 Lexington Avenue
New York,
      New York 10017
212-450-4000
CALCULATION OF REGISTRATION FEE
Title of Securities to be Registered
Amount to be
Registered(1)(2)
Proposed Maximum
Offering Price Per
Share (3)
Proposed Maximum
Aggregate
Offering Price (3)
Amount of
Registration Fee
Common Stock, par value $1.00 per share ("Common Stock")(1)(2)
400,000
$44.20
$17,680,000
$2,240.06
(1)
Plus an indeterminate number
        of additional shares which may be offered or issued to prevent dilution
    from stock splits, stock dividends or similar transactions.
(2)
In addition, pursuant to Rule
        416(c) under the Securities Act of 1933, as amended (the "Securities
        Act"), this Registration Statement also covers an indeterminate
        amount of interests to be offered or sold pursuant to the Commonwealth
    Builder 401(k) Plan.
(3)
Estimated solely for the purpose of determining
        the registration fee pursuant to paragraphs (c) and (h) of Rule 457 under
        the Securities Act of 1933, on the basis of the high and low sales prices
    of the Company's Common Stock as reported by NASDAQ on July 9, 2004.
PART I
The information specified in Item 1 and Item 2 of Part I of the Registration Statement is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act of
1933, as amended (the "1933 Act") and the introductory note to Part I of the Registration Statement. The documents containing the information specified in Part I will be delivered to the participants in the plan covered by this
Registration Statement as required by Rule 428(b)(1).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents filed with the Securities and Exchange Commission (the "Commission") by Commonwealth Telephone Enterprises, Inc. (the "Company") pursuant to the
Securities Exchange Act of 1934, as amended (the "1934 Act"), are incorporated herein by reference.
(1) The Company's Annual Report on Form 10-K for the year ended December 31, 2003.
(2) All reports filed pursuant to Section 13(a) or 15(d) of the 1934 Act since December 31, 2003.
(3) The description of the Company's Common Stock, each contained in the Company's registration statement
on Form 8-A, dated September 25, 1998.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the 1934 Act, prior to the filing of a post-effective amendment which indicates that all
securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of filing of such documents.
Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to
the extent that a statement contained herein or in any other subsequently filed document which also is incorporated or deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded
shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
ITEM 4. DESCRIPTION OF SECURITIES
Not applicable.
ITEM 5. INTEREST OF NAMED EXPERTS AND COUNSEL
Raymond B. Ostroski, Esq.,
has given his opinion about certain legal matters affecting the shares of the
Company's Common Stock registered under this Registration Statement. Mr. Ostroski is Senior Vice President, General Counsel and Corporate Secretary of the Registrant and beneficially owns, or has the right to acquire, a number of shares of the
Company's Common Stock which represents less than 1% of the total outstanding Common Stock of the Company.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section 1741 of the Business Corporation Law of the Commonwealth of Pennsylvania ("BCLCP") provides that, in addition to the mandatory indemnification provided in Section 1743 of the
BCLCP, a corporation may indemnify a director or officer who was or is a party or is threatened to be made a party to any action or proceeding, whether civil criminal, administrative or investigative, against expenses (including attorney's
fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action or proceeding, provided he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best
interests
of the corporation and, with respect to any criminal proceeding, had no reasonable cause to believe his conduct was unlawful.
Section 1742 of the BCLCP provides that a corporation may indemnify a director or officer made, or threatened to be made, a party to any derivative action, against expenses (including
attorneys' fees) actually and reasonably incurred by him in connection with the defense or settlement of the action, provided he acted in good faith and in a manner he reasonably believed to be in, or not opposed to, the best interests of the
corporation.
In addition, Article V of the Bylaws of the Registrant provides that, except as prohibited by law, no director (or former director) shall be liable to the Registrant corporation or its
shareholders for monetary damages for or resulting from any act, omission or failure to act by reason of the fact that he is or was a director. In addition, the indemnification does not apply to (i) any breach of duty or failure to perform a duty
that constitutes self-dealing, willful misconduct or recklessness, or (ii) any criminal responsibility or liability or the payment of taxes pursuant to local, state or federal law.
The Bylaws specify that any person (and the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to, or is involved in any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such person is or was a director or officer of the Registrant (or serving at the request of the Registrant) shall
be indemnified and held harmless to the fullest extent permitted by Pennsylvania law. Such person shall be entitled to be paid in advance of the final disposition of such proceedings to the fullest extent authorized by Pennsylvania Law. Other
individuals serving as employees or agents of the Registrant, or serving as such at another corporation, partnership, limited liability company, joint venture, trust, or other enterprise at the request of the Registrant, may be indemnified by action
of the Board of Directors of the Registrant to the extent and to the effect it determines appropriate and authorized by Pennsylvania law.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED
Not applicable.
ITEM 8. EXHIBITS
4.1
Amended and Restated Articles of
      Incorporation (filed with the Corporation Bureau of the Pennsylvania
Department
      of State on September 3, 2003 and incorporated herein by reference to Exhibit
      3.12 to the
Company's Form S-1 Registration
      Statement, Registration No. 333-10325, as filed with the Securities and
Exchange Commission on November 7, 2003).*
4.2
Amended and Restated Bylaws of the
      Company (incorporated herein by reference to Exhibit 3.1 of the
Company's
      Form 8-K, File Number 0-11053, filed with the Securities and Exchange Commission
      on
December 3, 2003).*
4.3
Commonwealth Builder 401(k) Plan.
5.1
Opinion of Raymond B. Ostroski,
      Esq. as to the legality of the Common Stock being registered pursuant
hereto.
5.2
Letter dated July 13, 2004 from
      Milliman USA, Inc. regarding qualification of the plan under Section 401
of the Internal Revenue Code of 1986, as
      amended.
23.1
Consent of PricewaterhouseCoopers
      LLP.
23.2
Consent of Raymond B. Ostroski,
      Esq. (included in his opinion filed as Exhibit 5.1).
24.1
Power of Attorney for Frank M. Henry.
24.2
Power of Attorney for Richard R.
      Jaros.
24.3
Power of Attorney for Daniel E.
      Knowles.
24.4
Power of Attorney for David C. McCourt.
24.5
Power of Attorney for David C. Mitchell.
24.6
Power of Attorney for Eugene Roth.
24.7
Power of Attorney for John J. Whyte.
____________________
* Incorporated by reference.
ITEM 9. REQUIRED UNDERTAKINGS
(a) The undersigned Company hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement to include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement.
(2) That, for the purpose of determining any liability under the 1933 Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned company hereby undertakes that, for purposes of determining any liability under the 1933 Act, each filing of the Company's annual report pursuant to Section 13(a) or
Section 15(d) of the 1934 Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the 1934 Act) that is incorporated by reference in this Registration Statement shall be deemed to be a
new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering
thereof.
(c) Insofar as indemnification for liabilities arising under the 1933 Act may be permitted to directors, officers and controlling persons of the Company pursuant to the foregoing provisions, or
otherwise, the Company has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the 1933 Act and is, therefore, unenforceable. In the event that a claim for indemnification against such
liabilities (other than the payment by the company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the Company will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in the 1933 Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the 1933 Act, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing this Registration Statement and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Dallas, Commonwealth of Pennsylvania, on the 14
th
day of July, 2004.
By:
/s/ Michael J. Mahoney
Name:
Michael J. Mahoney
Title:
President and Chief Executive Officer
Pursuant to the requirements of the 1933 Act, the trustees (or other persons who administer the Commonwealth Builder 401(k) Plan (the "Plan")) have duly caused this Registration
Statement to be signed on behalf of the Plan by the undersigned, thereunto duly authorized, in the City of Dallas, Commonwealth of Pennsylvania, on the 14
th
day of July,
2004.
By:
/s/ F. Andrew Logue
Name:
F. Andrew Logue
Title:
Vice President of Human Resources
Pursuant to the requirements of the 1933 Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Michael J. Mahoney
President and Chief
      Executive
July 14, 2004
Officer
Michael J. Mahoney
/s/ Donald P. Cawley
Executive Vice President
      and Chief
July 14, 2004
Accounting Officer
Donald P. Cawley
Director
Walter Scott, Jr.
Director
James Q. Crowe
*
Director
July 16, 2004
Frank M. Henry
*
Director
July 16, 2004
Richard R. Jaros
*
Director
July 16, 2004
Daniel E. Knowles
*
Director
July 16, 2004
David C. McCourt
*
Director
July 16, 2004
David C. Mitchell
*
Director
July 16, 2004
Eugene Roth
*
Director
July 16, 2004
John J. Whyte
*By:
/s/ Michael J. Mahoney
Name:
Michael
    J. Mahoney
Title:    Attorney-in-Fact
Date: July 16, 2004
EXHIBIT INDEX
4.1
Amended and Restated Articles of
      Incorporation (filed with the Corporation Bureau of the Pennsylvania
Department
      of State on September 3, 2003 and incorporated herein by reference to Exhibit
      3.12 to the
Company's Form S-1 Registration
      Statement, Registration No. 333-10325, as filed with the Securities and
Exchange Commission on November 7, 2003).*
4.2
Amended and Restated Bylaws of the
      Company (incorporated herein by reference to Exhibit 3.1 of the
Company's
      Form 8-K, File Number 0-11053, filed with the Securities and Exchange Commission
      on
December 3, 2003).*
4.3
Commonwealth Builder 401(k) Plan.
5.1
Opinion of Raymond B. Ostroski,
      Esq. as to the legality of the Common Stock being registered pursuant
hereto.
5.2
Letter dated July 13, 2004 from
      Milliman USA, Inc. regarding qualification of the plan under Section 401
of the Internal Revenue Code of 1986, as
      amended.
23.1
Consent of PricewaterhouseCoopers
      LLP.
23.2
Consent of Raymond B. Ostroski,
      Esq. (included in his opinion filed as Exhibit 5.1).
24.1
Power of Attorney for Frank M. Henry.
24.2
Power of Attorney for Richard R.
      Jaros.
24.3
Power of Attorney for Daniel E.
      Knowles.
24.4
Power of Attorney for David C. McCourt.
24.5
Power of Attorney for David C. Mitchell.
24.6
Power of Attorney for Eugene Roth.
24.7
Power of Attorney for John J. Whyte.
____________________
* Incorporated by reference.