Pricing Supplement No. 1
Dated: November 28, 1994
To Prospectus dated July 11, 1994 and
Prospectus Supplement dated July 11, 1994
For SEC Filing Purposes:
Filed Under Rule 424(b)(3)
Registration No. 33-54369
Principal Amount $12,000,000.00
COMSAT CORPORATION
Medium-Term Notes, Series A
Due from 9 Months from Date of Issue
Issue Date: November 30, 1994
Stated Maturity: November 30, 2006
____ Zero-Coupon Note(s)
_XX_ Fixed Rate Note(s)
____ Commercial Paper Rate Note(s)
____ Prime Rate Note(s)
____ CD Rate Note(s)
____ Federal Funds Rate Note(s)
____ LIBOR Note(s)
____ Treasury Rate Note(s)
____ Other Interest Rate Basis
Currency or Currency Units (if other than U.S. dollars): N/A
Issue Price (if other than 100%): N/A
Public Offering Price: 100%.
Salomon Brothers has purchased the Notes as Agent.
Underwriting Discount or Commission received
from the Issuer (%): .625%
Proceeds to Company (%): 99.375%
Interest Rate/Initial Interest Rate: 8.66%
Interest Payment Dates: May 1 and November 1
Regular Record Dates: April 15 and October 16
Interest Reset Dates: N/A
Interest Payment Period: N/A
Interest Rate Reset Period: N/A
Interest Determination Dates: N/A
Index Maturity: N/A
_X_ Book-Entry Note(s)
___ Certificated Note(s)
Spread: N/A
Spread Multiplier: N/A
Maximum Interest Rate, If any: N/A
Minimum Interest Rate, if any: N/A
Interest Calculation Dates: N/A
Calculation Agent: N/A
Redemption Date(s) (Option of Holder): N/A
Redemption Percentage(s) (Option of Holder) (if other than
100% of Principal Amount): N/A
Redemption Date(s): N/A
Redemption Premium: N/A
Original Issue Discount Security: N/A
___ For Federal Income Tax Purposes
___ Subject to Special Provisions
Issue Date for Calculating OID: N/A
Original Issue Discount: N/A
Original Issue Discount
Applicable to Short Accrual Period: N/A
Computed under (exact__) (approximate__) method
Yield to Maturity: N/A
Default Rate (only applicable if OID Security): N/A
Amortized Face Amount: N/A
Redemption Price: N/A
Other Terms (if applicable): N/A
CS First Boston Corporation
Salomon Brothers Inc
NationsBanc Capital Markets, Inc.
