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Filed pursuant to Rule
424(b)(3). This Pricing
Supplement relates to
Registration Statements No.
33-58124 and 33-51149
Pricing Supplement No. 003 Dated February 2, 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 D
Due from Nine Months to 30 Years from Date of Issue
(Fixed Rate Notes)
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Designation: Medium-Term Subordinated Notes, Series D
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Original Issue Date: February 9, 1994
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Principal Amount: $15,000,000
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Interest Rate Per Annum: 6.90%
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Regular Record Dates: 15 Calendar Days
Prior to Each
Interest Payment
Date
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Specified Currency
in which Denominated: U.S. Dollars
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Stated Maturity: February 9, 2004
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Issue Price (As a Percentage
of Principal Amount): 100%
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Redemption and Early The Note cannot be
Repayment Provisions: redeemed prior to
Stated Maturity
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Note(s) represented by: [X] Global Note
[ ] Certificated Note(s)
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