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[THIS CONFORMING PAPER FORMAT
DOCUMENT IS BEING SUBMITTED
PURSUANT TO RULE 901(d) OF
REGULATION S-T]
Filed pursuant to Rule 424(b)(3).
This pricing supplement relates to
Registration Statement Nos. 33-51149
and 33-52695.
Pricing Supplement No. 22 Dated October 1, 1996
(To Prospectus Dated November 15, 1995 and
Prospectus Supplement Dated November 15, 1995)
PAINE WEBBER GROUP INC.
Multiple Currency
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Medium-Term Senior Notes, Series C
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Due from Nine Months to 30 Years from Date of Issue
(FLOATING RATE NOTES)
<TABLE>
<S> <C>
Designation: Medium Term Senior Notes, Series C
Original Issue Date: October 4, 1996
Principal Amount: $4,000,000.00
Interest Rate Basis: [ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Federal Funds Rate
[X] LIBOR
[X] Telerate Screen Project 3750
[ ] Reuters Screen LIBO Page
[ ] Treasury Rate
2 Year Treasury Constant Maturities
(H.15) Telerate Screen Page 7055
Index Maturity: Quarterly
Spread: 3 Month Libor + 30 Basis Points
Initial Interest Rate: To Be Determined
</TABLE>
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Regular Record Dates: 15 calendar days prior to Interest
Payment Dates
Interest Determination Dates: Second London Business Day Preceding
the Interest Reset Date
Interest Payment Dates: Same as interest reset dates
Interest Reset Dates: The third Wednesday of September,
December, March, and June.
Specified Currency in which U.S. Dollars
Denominated:
Stated Maturity: October 4, 1999
Issue Price (As a Percentage of 100%
Principal Amount):
Redemption and Early The Note cannot be redeemed prior
Repayment Provision: to Stated Maturity
Note(s) Represented By: [X] Global Note
[ ] Certificated Note(s)
