<PAGE>
PRICING SUPPLEMENT NO. 2 Dated January 12, 1995
- -----------------------------------------------
(To Prospectus Dated January 12, 1995 and
Prospectus Supplement Dated January 12, 1995) Rule 424(b)(3)
File No. 33-50109
U.S. $10,000,000
WHITMAN CORPORATION
Medium-Term Notes, Series B
Currency or Currency Units: US$
Issue Date: January 26, 1995
Maturity Date: January 27, 1997
If Principal Transaction and Fixed Price Re-offering:
Public Offering Price (%): __________
Underwriting Discount or Commission (%): __________
Proceeds to Company (If different from Public Offering Price) (%) __________
If Principal Transaction and Variable Price Re-Offering:
Public Offering Price: The Distributor proposes to reoffer the above Notes
from time to time, at market prices prevailing at the time of sale, at
prices related to such prevailing market prices or at negotiated prices.
Underwriting Discount or Commission (%): __________
Proceeds to Company (%): __________
If Agency Transaction:
Public Offering Price (%): 100%
Proceeds to Company (%): 99.75%
Distributor's Commission (%): 0.25%
Name of Distributors: Morgan Stanley & Co. Incorporated
Original Issue Discount Security: Yes: No: x
--- ---
If Fixed Rate Note:
Interest Rate: 8.12%
Interest Payment Date(s) (If different from dates set forth in the
Prospectus Supplement): July 26, January 26, except at Maturity
Record Date(s) (If different from dates set forth in the Prospectus
Supplement): July 10, January 10
If Floating Rate Note:
_____ Commercial Paper Rate Note
_____ Prime Rate Note
_____ CD Rate Note
_____ Federal Funds Effective Rate Note
_____ LIBOR Note
_____ Treasury Rate Note
Initial Interest Rate: __________________________________________
If Commercial Paper Rate Note, Prime Rate Note, CD Rate Note, Federal Funds
Effective Rate Note, LIBOR Note or Treasury Rate Note:
Index Maturity: ________________________________________
Spread: _________________________________________________
Spread Multiplier: _____________________________________
Maximum Interest Rate, if any: _____________________
Minimum Interest Rate, if any: _____________________
Interest Reset Dates: __________________________________
Interest Determination Dates: _______________________
Calculation Dates: _____________________________________
Calculation Agent: ____________________________________
Interest Payment Date(s): ____________________________
Record Date(s): ________________________________________
If redeemable at the option of the Company:
Redemption Date(s): __________________________________
Redemption Price (%): _______________________________
Notice Period: _________________________________________
If redeemable at the option of the holder:
Redemption Date(s): __________________________________
Redemption Price (%): _______________________________
Notice Period: _________________________________________
