fortyfifth 7833

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION


In the Matter of

NATIONAL FUEL GAS COMPANY                                  FORTY-SIXTH
NATIONAL FUEL RESOURCES, INC.                              CERTIFICATE
                                                           PURSUANT TO
File No. 70-7833                                             RULE 24

(Public Utility Holding Company Act of 1935)

         In accordance with the terms of the Order dated December 20, 1991 issued to National Fuel Gas Company ("National") authorizing National to acquire the common stock of National Fuel Resources, Inc. ("NFR") (File No. 70-7833, HCAR No. 35-25437), attached as Exhibit "A" is an Income Statement of NFR for the Three and Twelve Months ended June 30, 2003. Also attached as Exhibit "B" is the Balance sheet of NFR as of June 30, 2003.

         IN WITNESS WHEREOF, the undersigned companies have duly caused this Certificate to be signed this 11th day of August 2003.

                                   NATIONAL FUEL RESOURCES, INC.



                                   By:  /s/ Donna L. DeCarolis                
                                      Donna L. DeCarolis, Vice President


                                   NATIONAL FUEL GAS COMPANY



                                   By:  /s/ James R. Peterson                  
                                      James R. Peterson, Assistant Secretary