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Filed pursuant to Rule 424(b)(3).
This amended pricing supplement relates to
Registration Statement Nos. 33-52695
and 333-17913.
Pricing Supplement No. 87 Dated October 29, 1998
(To Prospectus Dated December 23, 1996 and
Prospectus Supplement Dated December 23, 1996)
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)
Designation: Medium Term Senior Notes, Series C
Original Issue Date: October 29, 1998
Principal Amount: $40,000,000
Interest Rate Basis: [ ] Commercial Paper Rate
[ ] Prime Rate
[ ] Federal Funds Rate
[X] LIBOR
[X] Telerate Screen Project 3750
[ ] Reuters Screen LIBO Page
[ ] Treasury Rate
2 Year Treasury Constant Maturities
(H.15) Telcrate Screen Page 7055
Index Maturity: Quarterly
Spread: 3 Month Libor + 85
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Regular Record Dates: 15 calendar days prior to Interest
Payment Dates
Interest Determination Dates: Two London Business Days Prior to the
Interest Payment Dates
Interest Payment Dates: Same as Interest Reset Dates
Interest Reset Dates: The Third Wednesday of March, June,
September and December
Specified Currency in which
Denominated: U.S. Dollars
Stated Maturity: November 3, 1999
Issue Price (As a Percentage
of Principal Amount): 100%
Redemption and Early The Note cannot be redeemed prior to Stated
Repayment Provision: Maturity
Note(s) Represented By: [x] Global Note
[ ] Certificated note(s)
