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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. 23 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
(FIXED RATE NOTES)
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<S> <C>
Designation: Medium Term Senior Notes, Series C
Original Issue Date: October 4, 1996
Principal Amount: $25,000,000
Interest Rate Per Annum: 7.550%
Specified Currency in which U.S. Dollars
Denominated:
Stated Maturity: October 4, 2004
Issue Price (As Percentage 100%
of Principal Amount):
Regular Record Dates: February 15 and August 15
Redemption and Early The Note cannot be redeemed
Repayment Provisions: prior to Stated Maturity
Note(s) Represented By: [X] Global Note
[ ] Certificated Note(s)
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