MCDONNELL DOUGLAS CORP, 424B3, 1995-01-23

MCDONNELL DOUGLAS CORP
424B3, 1995-01-23
AIRCRAFT

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                              FILING UNDER RULE 424 (b)(3)
                              REGISTRATION FILE NO. 33-36180



     PRICING SUPPLEMENT NO. 26 DATED 19 JANUARY 1995
     (TO PROSPECTUS DATED 28 APRIL 1994 AND
     PROSPECTUS SUPPLEMENT DATED 12 MAY 1994)



                       MCDONNELL DOUGLAS CORPORATION
                             MEDIUM-TERM NOTES
             DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE


     PRESENTING AGENT:        MERRILL LYNCH & CO.
                              MERRILL LYNCH, PIERCE, FENNER & SMITH

     TRADE BASIS:             PRINCIPAL

     PRICE TO THE PUBLIC:     100

     NET PROCEEDS TO COMPANY: 99.75     $9,975,000.00

     PRINCIPAL AMOUNT:        $10,000,000.00

     INTEREST RATE:           8.1%

     INTEREST PAYMENT DATES:  15 JANUARY
                              15 JULY

     REGULAR RECORD DATES:    01 JANUARY
                              01 JULY

     DAY COUNT CONVENTION:    30/360

     MATURITY:                27 JANUARY 1997

     REDEMPTION OPTION:       CANNOT BE REDEEMED PRIOR
                              TO STATED MATURITY DATE.

     REPAYMENT OPTION:        CANNOT BE REPAID PRIOR
                              TO STATED MATURITY DATE.