SALOMON INC
424B3, 1994-04-25
SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES
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Pricing Supplement No.  743      Dated  4/18/94                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 -- Floating Rate or Indexed Rate)
Due More Than Nine Months from Date of Issue

Principal Amount or Face Amount:     $100,000,000.00
Issue Price:     100.0000000000%
Proceeds to Company on original issuance:     $99,925,000.00
Commission or Discount on original issuance:     $75,000.00

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:     4/25/94
Stated Maturity:     4/26/95

Specified Currency:   
    (If other than U.S. Dollars)
Authorized Denominations:
    (If other than as set forth in the Prospectus Supplement)

Interest Payment Dates:    Coupon pays on 26th day of 1,4,7&10. 1st cpn 7/26/94.
    (If other than as set forth in the Prospectus Supplement)
Indexed Principal Note:   | |  Yes (see attached)   |X|  No
Floating Rate:  |X|    Indexed Rate:  | |  (see attached)
Initial Interest Rate:    4.1000000%

Base Rate: | | CD Rate | | Commercial Paper Rate  |X| Federal Funds Rate 
           | | LIBOR Telerate   | | LIBOR Reuters | | Treasury Rate
           | | Treasury Rate Constant Maturity    | | Other (see attached)

Interest Reset Period or Interest Reset Dates: 
                          Resets daily.
Index Maturity:     Fed Funds

Spread (+/-):     +40 b.p.
Spread Multiplier:     
Spread Reset: |X| The Spread or Spread Multiplier may not be changed prior to
                  Stated Maturity.
              | | The Spread or Spread Multiplier may be changed prior to
                  Stated Maturity (see attached).
Optional Reset Dates (if applicable):  

Maximum Interest Rate:     
Minimum Interest Rate:     

Amortizing Note:   | |  Yes   |X|  No
    Amortization Schedule:  
Optional Redemption:   | |  Yes   |X|  No
   Optional Redemption Dates:  
   Redemption Prices:  

Optional Repayment:       | |  Yes     |X|  No
        Optional Repayment Dates:  
        Optional Repayment Prices:  
Optional Extension of Stated Maturity:  | |  Yes   |X|  No
      Final Maturity:    

Discount Note:   | |  Yes   |X|  No
        Total Amount of OID:     
        Yield to Maturity:     



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