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


                                   May 2, 2003
                                (Date of earliest
                                 event reported)







Commission File     Name of Registrant; State of Incorporation; Address of   IRS Employer
Number              Principal Executive Offices; and Telephone Number        Identification Number
- ----------------    -------------------------------------------------------  ------------------------
                                                                         
1-16169             EXELON CORPORATION                                       23-2990190
                    (a Pennsylvania corporation)
                    10 South Dearborn Street - 37th Floor
                    P.O. Box 805379
                    Chicago, Illinois 60680-5379
                    (312) 394-7398





Item 5. Other Events.

On May 2, 2003,  Exelon  Corporation  (Exelon) issued a news release  announcing
that Richard H.  Glanton has  accepted  the  position as Senior Vice  President,
Corporate  Development,  effective May 5, 2003. As he joins Exelon, Glanton will
relinquish his directorship on the Exelon Board. The news release is attached to
this report as Exhibit 99.







                                   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.




                                       EXELON CORPORATION


                                       /s/  Robert S. Shapard
                                       -------------------------
                                       Robert S. Shapard
                                       Executive Vice President and
                                       Chief Financial Officer
                                       Exelon Corporation


May 6, 2003

Exhibit 99



                                                                 [Logo Omitted]
- --------------------------------------------------------------------------------

News Release
                                                       FOR IMMEDIATE RELEASE
                                                       ---------------------
From:      Exelon                                      May 2, 2003
           Corporate Communications
           P.O. Box 805379 Chicago, IL 60680-5379

Contact:   Linda Marsicano, Media Relations
           312.394.3099


 Richard H. Glanton Joins Exelon Corporation as Senior Vice President, Corporate
                                  Development

Chicago  (May 2, 2003) - Exelon  Corporation  announced  today  that  Richard H.
Glanton,  56, has  accepted  the  position of Senior Vice  President,  Corporate
Development,   effective   May   5,   2003.   Glanton   will   have   leadership
responsibilities  for corporate  development issues and will report of Executive
Vice President and General Counsel Randall E. Mehrberg.

"As an Exelon Board Director, Richard has been fundamental in the success of the
merger  between  Unicom and PECO Energy," said Exelon CEO John Rowe. "In his new
position,  I'm confident  that  Richard's  expertise and knowledge  will support
Exelon in evaluating and prioritizing acquisition opportunities that best employ
our resources in our consolidating industry."

Prior to joining Exelon, Glanton was a partner in the General Corporate Group of
the law firm of Reed, Smith, Shaw and McClay,  LLP. Glanton had a broad practice
representing public, private, non-profit and governmental agencies, institutions
and organizations. He advised clients on a wide variety of corporate matters.

Glanton  was a member of the Board of PECO Energy for  several  years  before it
merged  with  Unicom to form  Exelon.  He has been a member of the Exelon  Board
since its inception, October 20, 2000. As he joins the corporation, Glanton will
relinquish his directorship on the Exelon Board.

Formerly, Glanton was Deputy Counsel to Richard L. Thornburgh, previous Governor
of the  Commonwealth  of  Pennsylvania,  and managed  approximately  150 lawyers
assigned to the executive agencies of the Commonwealth.

Glanton is Chairman of Philadelphia Television Network and a member of the board
of directors of Philadelphia  Suburban  Corporation,  and Wackenhut  Corrections
Corporation.  He also served on the Board of General Accident Insurance Company.
In addition,  Glanton served as President of the Barnes  Foundation,  located in
Lower Merion,  Pennsylvania,  from June of 1990 to February of 1998. He received
his B.A. in English from West  Georgia  College in 1968,  and his J.D.  from the
University of Virginia School of Law in 1972.


                                       ###



Exelon Corporation is one of the nation's largest electric utilities with
approximately 5 million customers and more than $15 billion in annual revenues.
The company has one of the industry's largest portfolios of electricity
generation capacity, with a nationwide reach and strong positions in the Midwest
and Mid-Atlantic. Exelon distributes electricity to approximately 5 million
customers in Illinois and Pennsylvania and gas to more than 440,000 customers in
the Philadelphia area. Exelon is headquartered in Chicago and trades on the NYSE
under the ticker EXC.