  We introduce a simple instance of the renormalization group transformation in
the Banach space of probability densities. By changing the scaling of the
renormalized variables we obtain, as fixed points of the transformation, the
L\'evy strictly stable laws. We also investigate the behavior of the
transformation around these fixed points and the domain of attraction for
different values of the scaling parameter. The physical interest of a
renormalization group approach to the generalized central limit theorem is
discussed.
