LEE SARA CORP
424B3, 1998-01-07
FOOD AND KINDRED PRODUCTS
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<PAGE>   1
                                Rule 424(b)(3)
                          Registration No. 33-60071

PRICING SUPPLEMENT NO. 37 DATED JANUARY 7, 1998 TO PROSPECTUS DATED JULY 14,
1995 AND PROSPECTUS SUPPLEMENT DATED JULY 19, 1995


                             SARA LEE CORPORATION
                         Medium-Term Notes, Series C
                                 (Fixed Rate)


<TABLE>
<S><C>
- ------------------------------------------------------------------------------------------------------------------------------------
Principal Amount:  $12,250,000                                                          Issue Date:  January 12, 1998
Issue Price:  99.422                                                                    Stated Maturity:  January 15, 2008
Commission of Selling Agents:  NIL                                                      Specified Currency:  U.S. Dollars
Net Proceeds to Issuer:  $12,179,195                                                    Form:     X    Global
Interest Rate:  6.00%                                                                            ---
Selling Agents:  Lazard Freres                                                                         Certificated
Trade Date:  January 7, 1998                                                                     ----
            
- ------------------------------------------------------------------------------------------------------------------------------------

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 interest
X  As specified in Prospectus Supplement                                                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:     --     --
Repurchase Price (for Discount Securities):                                             Redemption Information:

Other Provisions:                                                                       Repayment Information
- ------------------------------------------------------------------------------------------------------------------------------------
The aggregate principal amount of this offering is U.S. $12,250,000 and relates only to Pricing Supplement No. 37.  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. $431,000,000 or the equivalent
in foreign currency or foreign currency units of Medium-Term Notes, Series C, have been issued.
- ------------------------------------------------------------------------------------------------------------------------------------
        TYPE OF SALE:                                   IF PRINCIPAL, TRANSACTION, REOFFERING AT:

     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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