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Rule 424(b)(3)
Registration No. 33-60071
PRICING SUPPLEMENT NO. 23 DATED SEPTEMBER 4, 1996
TO PROSPECTUS DATED JULY 14, 1995 AND PROSPECTUS SUPPLEMENT DATED JULY 19, 1995
SARA LEE CORPORATION
Medium-Term Notes, Series C
(Fixed Rate)
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<S> <C>
Principal Amount: $16,000,000 Issue Date: September 9, 1996
Issue Price: 99.759% Stated Maturity: September 9, 1999
Commission of Selling Agents: NIL Specified Currency: U.S. Dollars
Net Proceeds to Issuer: $15,961,440 Form: X Global
Interest Rate: 6.70% ---
Selling Agents: Lehman Brothers Certificated
Trade Date: September 4, 1996 ---
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Interest Payment Dates: Amortizing Notes:
X As specified in Prospectus Supplement Yes
- --- ---
Other (specify) X No
- --- ---------------------- ---
Regular Record Date: Each payment of principal of, and
X As specified in Prospectus Supplement interest on, the Notes will be
- --- made:
Other (specify) Quarterly
- --- ---------------------- ---
Original Issue Discount Note: X Semiannually
---
Yes X No Other (specify)
- --- --- --- --------
Original Issue Discount Interest rate may be reset: Yes X No
------------------% --- ---
Yield to Maturity: Terms of reset:
-----------------------% Redemption Information:
Repurchase Price (for Discount Securities):
Other Provisions: Repayment Information
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The aggregate principal amount of this offering is U.S. $16,000,000 and relates
only to Pricing Supplement No. 23. Medium-Term Notes, Series C, may be issued
by the Company in the aggregate principal amount of up to U.S. $500,000,000 or
the equivalent in foreign currencies or foreign currency units. To date,
including this offering, an aggregate of U.S. $282,000,000 or the equivalent in
foreign currency or foreign currency units of Medium-Term Notes, Series C, have
been issued.
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<CAPTION>
TYPE OF SALE IF PRINCIPAL TRANSACTION, REOFFERING AT:
<S> <C>
As Agent X varying prices related to prevailing market prices at the time of resale
- --- ---
X As Principal fixed public offering prices of _________________% of Principal Amount
- --- ---
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[Insert additional tax disclosure, if necessary]
