Pricing Supplement No. 248 Dated 10/30/95 Rule 424(b)(3)
(To Prospectus dated October 12, 1994) File No. 33-54929
This Pricing Supplement consists of 2 pages
SALOMON INC
Notes, Series G
Due More Than Nine Months from Date of Issue
Fixed Rate
Principal Amount: $5,000,000.00
Issue Price: 100.0000000000%
Original Issue Date: 11/30/95
Stated Maturity: 11/30/2005
Interest Rate: 7.375%
Interest Payment Dates:
|X| Monthly, on the 30th (except February) and on the last day of
February. The amount of interest payable on each interest payment
date will be computed on the basis of a 360 day year consisting of
twelve 30 day months. 1st coupon 12/30/95.
| | Quarterly
| | Semi-annually
Amortizing Note: | | Yes |X| No
Amortization Schedule:
Optional Redemption: |X| Yes | | No
Optional Redemption Dates: On coupon payment dates commencing 11/30/96 upon
15 calendar days notification (see attached)
Redemption Prices: 100.00%
Redemption: | | In whole only and not in part |X| May be in whole or in part
Survivor's Option: |X| Yes | | No
Per Note Total
-------- -----
Proceeds to Salomon Inc: 100.0000000% $5,000,000.00
CUSIP: 79549GZC3
Pricing Supplement No. 248
Pricing Supplement dated October 30, 1995
(to Prospectus dated October 12, 1994)
DESCRIPTION OF THE NOTES
General
The description in this Pricing Supplement of the
particular terms of the Registered Notes offered hereby (the
"Notes") supplements, and to the extent inconsistent therewith
replaces, the description of the general terms and provisions of
the Registered Notes set forth in the accompanying Prospectus, to
which descriptions reference is hereby made.
Redemption
The Notes will be redeemable at the option of the
Company, in whole or in any part thereof, at a Redemption Price
equal to 100% of the Issue Price set forth on the face of this
Pricing Supplement (such redemption an "Optional Redemption"), on
any Interest Payment Date occurring on or after November 30, 1996
(such date an "Optional Redemption Date"). The Company may
exercise its right of Optional Redemption by notifying the
Trustee of its exercise of such option at least 15 calendar days
prior to the Optional Redemption Date. At least 15 calendar days
but not more than 60 calendar days prior to such Optional
Redemption Date, the Trustee shall mail notice of such
redemption, first class, postage prepaid, to the Depositary's
nominee, as sole Holder of the Notes under the Indenture. The
Depositary will distribute any such notice to the owners of
beneficial interests in the Notes in accordance with its regular
practice.
Plan of Distribution
The Company intends to sell Notes at a price equal to
principal amount thereof to the Underwriter for its own account
or for resale to one or more purchasers, including dealers, at
varying prices related to prevailing market prices at the time of
resale, as determined by the Underwriter. Notes sold by the
Underwriter to a dealer may be resold at varying prices related
to prevailing market prices at the time of resale.
