<PAGE> 1
Filed pursuant to Rule
424(b)(3). This Pricing
Supplement relates to
Registration Statements No.
33-58124 and 33-51149
Pricing Supplement No. 027 Dated May 10, 1994
(To Prospectus Dated November 29, 1993 and
Prospectus Supplement Dated November 30, 1993)
PAINE WEBBER GROUP INC.
Multiple Currency
Medium-Term Subordinated Notes, Series C
Due from Nine Months to 30 Years from Date of Issue
(Floating Rate Notes)
<TABLE>
<S> <C>
Designation: Medium-Term Subordinated Notes, Series C
----------------------------------------
Original Issue Date: May 13, 1994
------------------
Principal Amount: $5,000,000
------------------
Interest Rate Basis: [ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Federal Funds Rate
[X] LIBOR
[X] Telerate Screen Project 3750
[ ] Reuters Screen LIBO Page
[ ] Treasury Rate
------------------
Interest Payment Dates: 8/15/94, 11/14/94,
2/13/95, 5/15/95
------------------
Interest Determination 8/12/94, 11/10/94,
Dates: 2/10/95
------------------
Interest Reset Dates: 8/15/94, 11/14/94,
2/13/95
------------------
Regular Record Dates: 15 Calendar Days
Prior to Each Interest
Payment Date
-------------------
Specified Currency
in which Denominated: U.S. Dollars
-------------------
Stated Maturity: May 15, 1995
-------------------
Index Maturity: Quarterly
-------------------
Initial Interest Rate: 5.063%
-------------------
Spread: 25 basis points
-------------------
Issue Price (As a Percentage
of Principal Amount): 100%
------------------
Redemption and Early The Note cannot be
Repayment Provisions: redeemed prior to
Stated Maturity
------------------
Note(s) represented by: [X] Global Note
[ ] Certificated Note(s)
</TABLE>