<PAGE> 1
[THIS COMFORMING PAPER FORMAT DOCUMENT IS BEING
SUBMITTED PURSUANT TO RULE 901(d) OF
REGULATIONS S-T]
Filed pursuant to Rule 424(b)(3).
This pricing supplement relates to
Registration Statement Nos. 33-52695
and 333-17913
Pricing Supplement No. 14 Dated February 10, 1997
(To Prospectus Dated December 23, 1996 and
Prospectus Supplement Dated December 23, 1996)
PAINE WEBBER GROUP INC.
Multiple Currency
---------------------------------------------------
Medium-Term Senior Notes, Series C
---------------------------------------------------
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: February 18, 1997
Principal Amount: $20,000,000.00
Interest Rate Basis: [ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Federal Runds 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 + 25
Initial Interest Rate: 1 Month Libor + 25/To Be Determined
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 March, June,
September, and December
Specified Currency in which U.S. Dollars
Denominated:
Stated Maturity: February 18, 2002
Issue Price (As a Percentage To Be Determined
of Principal Provision):
Redemption and Early The Note cannot be redeemed prior to Stated
Repayment Provision: Maturity
Note(s) Represented By: [x] Global Note
[ ] Certificated note(s)
</TABLE>
