Pricing Supplement No. 642 Dated 1/07/94 Rule 424(b)(3)
(To Prospectus dated December 14, 1993 and File No. 33-51269,
Prospectus Supplement dated December 14, 1993) 33-57922 and 33-49136
SALOMON INC
Medium-Term Notes, Series D
(Registered Notes - Fixed Rate)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount: $10,000,000.00
Issue Price: 100.0000000000%
Proceeds to Company on original issuance: $10,000,000.00
Commission or Discount on original issuance: $.00
Salomon Brothers Inc.'s capacity on original issuance: |X| As agent
| | As principal
If as principal:
| | The Registered Notes are being offered at varying prices related
to prevailing market prices at the time of resale.
| | The Registered Notes are being offered at a fixed initial public
offering price of % of Principal Amount or Face Amount.
Original Issue Date: 1/13/94
Stated Maturity: 1/13/99
Specified Currency:
(If other than U.S. Dollars)
Authorized Denominations:
(If other than as set forth in the Prospectus Supplement)
Interest Payment Dates: 1/13 & 7/13. 1st cpn 7/13/94.
(If other than as set forth in the Prospectus Supplement)
Indexed Principal Note: | | Yes (see attached) |X| No
Interest Rate: 4.7500000% from the Original Issue Date thru and including
1/12/95; 6.85% from 1/13/95 to but not including 1/13/99.
Interest Rate Reset: | | The Interest Rate may not be changed prior to Stated
Maturity.
|x| The Interest Rate will change prior to Stated
Maturity (see above).
Optional Reset Dates (if applicable):
Amortizing Note: | | Yes |X| No
Amortization Schedule:
Optional Redemption: |X| Yes | | No
Optional Redemption Dates: Callable semi-annually on Interest Payment
Dates beginning one year after Original Issue Date as described in
prospectus supplement upon 30 calendar days notification.
Redemption Prices: 100%
Optional Repayment: | | Yes |X| No
Optional Repayment Dates:
Optional Repayment Prices:
Optional Extension of Stated Maturity: | | Yes |X| No
Final Maturity:
Discount Note: |X| Yes | | No
Total Amount of OID: 840,000.00
Yield to Maturity: 6.3760000
