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Pricing Supplement dated June 27, 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 (FLOATING RATE)
UNCONDITIONALLY GUARANTEED BY W. R. GRACE & CO.
________________________________________________________________________________
Trade Date: June 27, 1994 Original Issue Date: July 5, 1994
Principal Amount: $5,000,000 Maturity Date: July 6, 1999
Specified Currency: U.S. dollars Net Proceeds to Issuer: $4,975,000
Issue Price: $5,000,000 Place of Payment: New York
Selling Agent's Commission: 50 basis points
Initial Interest Rate: Three month LIBOR, as determined on July 1, 1994, plus
50 basis points
Initial Interest Period: From and including July 5, 1994 to but excluding
August 17, 1994
________________________________________________________________________________
Form: X Global Note Certificated Note
----- -----
Interest:
Base Rate: LIBOR Telerate
Interest Reset Periods: Quarterly
Interest Reset Dates and Interest Payment Dates: Third Wednesday of
August, November, February
and May
Index Maturity: Three months
Interest Determination Dates: Second London Banking Day preceding each
Interest Reset Date
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Interest Calculation Dates: Earlier of (i) tenth calendar day after each
Interest Determination Date or, if not a
Business Day, the next succeeding Business Day
or (ii) the Business Day preceding the
applicable Interest Payment Date or date of
Maturity, as the case may be
Spread/Spread Multiplier: Plus 50 basis points
Optional Interest Rate Reset: Yes X No
----- -----
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
----- -----
Capacity: Agent X Principal
----- -----
If as principal: The Notes are being offered at varying prices
----- related to prevailing market prices at the
time of resale.
X The Notes are being offered at a fixed
----- initial public offering price of 100% of
Principal Amount. The Notes are being
reoffered to dealers with a reallowance not
to exceed 66 2/3% of the commission or fee.
X SALOMON BROTHERS INC
- ----- J.P. MORGAN SECURITIES INC.
----- UBS SECURITIES INC.
-----
