<PAGE>
Pricing Supplement dated June 15, 1994 Rule 424(b)(2)
(To Prospectus dated April 7, 1994 and File No. 33-50983
Prospectus Supplement dated April 7, 1994)
W.R. GRACE & CO.-CONN.
Medium-Term Notes, Series A (Fixed Rate)
Unconditionally guaranteed by W.R. Grace & Co.
- --------------------------------------------------------------------------------
Trade Date: June 15, 1994 Original Issue Date: June 22, 1994
Principal Amount: $10,000,000 Maturity Date: June 23, 1997
Specified Currency: U.S. dollars Net Proceeds to Issuer: $9,965,000
Issue Price: $10,000,000 Place of Payment: New York
Selling Agent's Commission: 35 basis points
Interest Rate: 6.85%
- --------------------------------------------------------------------------------
Form: X Global Note Certificated Note
--- ----
Redemption at the option of the Company prior to maturity: Yes X No
----- -----
Repayment at the option of the Holder prior to maturity: Yes X No
----- -----
Discount Note: Yes X No
----- -----
Optional Interest Rate Reset: Yes X No
----- -----
Capacity: X Agent Principal
----- -----
SALOMON BROTHERS INC
- -----
X J.P. MORGAN SECURITIES INC.
-----
UBS SECURITIES INC.
-----
