SALOMON INC
424B3, 1997-07-31
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
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Pricing Supplement No.  994      Dated  7/29/97                Rule 424(b)(3)
(To Prospectus dated April 5, 1996 and                     File No. 333-01807
Prospectus Supplement dated April 5, 1996)                       
                                This Pricing Supplement consists of 1 page(s)
SALOMON INC
Medium-Term Notes, Series D
(Registered Notes)
Due More Than Nine Months from Date of Issue
Principal Amount or Face Amount:     $18,165,000.00
Issue Price:     100.0000000000%
Proceeds to Company on original issuance:     $18,151,376.25
Commission or Discount on original issuance:     $13,623.75
Salomon Brothers Inc's capacity on original issuance:   |X|  As agent
    If as principal                                     | |  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:     8/01/97
Stated Maturity:     8/04/98
Specified Currency:   
    (If other than U.S. Dollars)
Authorized Denominations:
    (If other than as set forth in the Prospectus Supplement)
Interest Payment Dates:    Semiannually, 3/15 and 9/15. 1st coupon is 9/15/97.
    Accrue to Pay:  | | Yes  |X| No
Indexed Principal Note:   | |  Yes (See Attached)   |X|  No
Type of Interest on Note: |X| Fixed Rate   | | Floating Rate   | | Indexed Rate
                                                                 (See Attached)
Interest Rate (Fixed Rate Notes):            6.0000000%
Initial Interest Rate (Floating Rate Notes): 
Base Rate: | | CD Rate | | Commercial Paper Rate  | | Federal Funds Rate 
           | | LIBOR Telerate   | | LIBOR Reuters | | Treasury Rate 
           | | Treasury Rate Constant Maturity    | | Other (See Attached)
Calculation Agent (If other than Citibank):   | | Salomon Brothers
                                              | | Other  (See Attached)
Computation of Interest:  |X| 30 over 360       | | Actual over Actual
                          | | Actual over 360   | | Other (See Attached)
    (If other than as set forth in the Prospectus Supplement)
Interest Reset Dates:  
Rate Determination Dates: 
    (If other than as set forth in the Prospectus Supplement)
Index Maturity:     
Spread (+/-):     
Spread Multiplier:     
Change in Spread, Spread Multiplier or Fixed Interest Rate prior
    to Stated Maturity:     | | Yes (See Attached)  | | No
Maximum Interest Rate:     
Minimum Interest Rate:     
Amortizing Note:   | |  Yes  (See Attached)   |X|  No
Optional Redemption:   | |  Yes   |X|  No
   Optional Redemption Dates:  
   Redemption Prices:  
   Redemption: | | In whole only and not in part | | May be in whole or in part
Optional Repayment:       | |  Yes     |X|  No
        Optional Repayment Dates:  
        Optional Repayment Prices:  
Discount Note:   | |  Yes   |X|  No
        Total Amount of OID:     
        Bond Yield to Call    :     
        Bond Yield to Maturity:     
        Yield to Maturity     :     
Cusip:  79549QEC4



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