<PAGE>
Pricing Supplement No.1, dated August 22, 1996
(To Prospectus dated August 20, 1996 and Rule 424(b)(3)
Prospectus Supplement dated August 20, 1996) File No. 33-35219
<TABLE>
<CAPTION>
Maytag Corporation
Medium-Term Notes, Series B, Fixed Rate
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C>
- -Trade Date: August 8, 1996 -Original Issue Date: August 22, 1996
- -Principal Amount: $25,000,000 -Net Proceeds to Issuer: $24,843,750
- -Paying Agent: The First National Bank of Chicago -Authorized Denominations: $1,000
- -Issue Price: 100% -Regular Record Dates: February 1, August 1
- -Selling Agent's Commission: $156,250 -Overdue Rate: N/A
- -Interest Rate: 7.220% -CUSIP: 57859HBJ2
- -Interest Payment Dates: February 15, August 15
- -Stated Maturity: August 15, 2006
- ------------------------------------------------------------------------------------------------------------------------------------
-Form: X Book-Entry -Depositary: The Depository Trust Company
---
--- Certificated -Sinking Fund: No
-Amortizing Note: No
- -Optional Redemption: X The Notes cannot be redeemed prior to maturity
---
--- The Notes may be redeemed prior to maturity
-Initial Redemption Date:
-Initial Redemption Percentage:
-Annual Redemption Percentage Reduction:
- -Option to Elect Repayment:
X The Notes cannot be repaid prior to maturity
---
The Notes can be repaid prior to maturity at the option of the holder
---
-Optional Repayment Price(s):
-Optional Repayment Date(s):
- -Original Issue Discount Note: Yes
---
X No
---
Total Amount of OID:
Original Yield to Maturity:
Initial Accrual Period OID:
Issue Price:
- -Name of Agent: Salomon Brothers Inc
- -Capacity: Agent X Principal
---- ---
- -If as principal: X The Notes are being offered at varying prices related to prevailing market prices at the time of resale.
---
The Notes are being offered at a fixed Initial public offering price % of Principal Amount.
---- ----
The Notes are being reoffered to dealers with a reallowance not to exceed % of the Commission or Fee.
----
Other Provisions: Annex Attached:
-----
</TABLE>
