UNION PACIFIC CORP
SC 14D1/A, 1994-12-15
RAILROADS, LINE-HAUL OPERATING
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                    SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C.  20549

                            SCHEDULE 14D-1
                            AMENDMENT NO. 9
   TENDER OFFER STATEMENT PURSUANT TO SECTION 14(D)(1) OF THE SECURITIES
                          EXCHANGE ACT OF 1934

                     SANTA FE PACIFIC CORPORATION
                      (NAME OF SUBJECT COMPANY)

                     UNION PACIFIC CORPORATION
                     UP ACQUISITION CORPORATION
                             (BIDDERS)

             COMMON STOCK, PAR VALUE $1.00 PER SHARE

                 (TITLE OF CLASS OF SECURITIES)

                          802183 1 03
            (CUSIP NUMBER OF CLASS OF SECURITIES)

                     RICHARD J. RESSLER
                 ASSISTANT GENERAL COUNSEL
                 UNION PACIFIC CORPORATION
                 EIGHTH AND EATON AVENUES
               BETHLEHEM, PENNSYLVANIA  18018
                       (610) 861-3200
     (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO
      RECEIVE NOTICES AND COMMUNICATIONS ON BEHALF OF BIDDERS)

                        with a copy to:

                      PAUL T. SCHNELL, ESQ.
              SKADDEN, ARPS, SLATE, MEAGHER & FLOM
                       919 THIRD AVENUE
                    NEW YORK, NEW YORK  10022
                    TELEPHONE:  (212) 735-3000
                                                                         
          Union Pacific Corporation, a Utah corporation ("Parent"),
     and UP Acquisition Corporation, a wholly owned subsidiary of
     Parent (the "Purchaser"), hereby amend and supplement their
     Statement on Schedule 14D-1 ("Schedule 14D-1"), filed with the
     Securities and Exchange Commission (the "Commission") on November
     9, 1994, as amended by Amendment No. 1, dated November 10, 1994,
     Amendment No. 2, dated November 14, 1994,  Amendment No. 3, dated
     November 18, 1994, Amendment No. 4, dated November 22, 1994,
     Amendment No. 5, dated November 23, 1994,  Amendment No. 6, dated
     November 29, 1994, Amendment No. 7, dated December 2, 1994, and
     Amendment No. 8, dated December 8, 1994, with respect to the
     Purchaser's offer to purchase 115,903,127 shares of Common Stock,
     par value $1.00 per share (the "Shares"), of Santa Fe Pacific
     Corporation, a Delaware corporation (the "Company").

          Unless otherwise indicated herein, each capitalized term
     used but not defined herein shall have the meaning assigned to
     such term in Schedule 14D-1 or in the Offer to Purchase referred
     to therein.

     ITEM 3.  PAST CONTACTS, TRANSACTIONS OR NEGOTIATIONS WITH 
              THE SUBJECT COMPANY.

          The information set forth in Item (3)(b) of Schedule 14D-1
     is hereby amended and supplemented by the following information:

          On December 15, 1994, Parent issued a press release
     announcing that it continues to hold discussions with the
     Company.  A copy of the press release is attached hereto as
     Exhibit (a)(22) and incorporated herein by reference. 

     ITEM 11.  MATERIAL TO BE FILED AS EXHIBITS.

          (a)(22)   Text of Press Release issued by Union Pacific
                    Corporation on December 15, 1994.


                                 SIGNATURE

          After due inquiry and to the best of my knowledge and
     belief, I certify that the information set forth in this
     statement is true, complete and correct.

     Dated:  December 15, 1994

                                     UNION PACIFIC CORPORATION

                                     By: /s/ Gary M. Stuart           
                                        __________________________
                                        Title: Vice President and
                                                 Treasurer


                                 SIGNATURE

          After due inquiry and to the best of my knowledge and
     belief, I certify that the information set forth in this
     statement is true, complete and correct.

     Dated:  December 15, 1994

                                     UP ACQUISITION CORPORATION

                                     By: /s/ Gary M. Stuart           
                                        ____________________________
                                        Title: Vice President and
                                                 Treasurer
          


                               EXHIBIT INDEX

     Exhibit No.         Description

        (a)(22)          Text of Press Release issued by Union Pacific
                         Corporation on December 15, 1994.



                                             EXHIBIT (A)(22)

          (UNION PACIFIC                     NEWS RELEASE
          CORPORATION - LOGO)

                                             Contact:  610-861-3382
                                             Gary F. Schuster
                                             Vice President -
                                             Corporate Relations
                                             Martin Tower
                                             Eighth and Eaton Avenues
                                             Bethlehem, PA  18018

                                             FOR IMMEDIATE RELEASE


               UNION PACIFIC CONFIRMS DISCUSSIONS WITH SANTA FE

          BETHLEHEM, PA, DECEMBER 15, 1994 -- Union Pacific
          Corporation (NYSE: UNP) confirmed today that it continues
          to hold discussions with Santa Fe Pacific Corporation
          (NYSE: SFX) to clarify Union Pacific's acquisition
          proposal.  Union Pacific also said it had asked Santa Fe
          to clarify its process for considering competing
          proposals.




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