<PAGE> 1
Filed Pursuant to Rule 424(b)(2)
Registration No. 33-54299
Pricing Supplement, dated March 5, 1996
to Prospectus dated September 27, 1995 and
Prospectus Supplement dated October 6, 1995
BANPONCE CORPORATION
MEDIUM-TERM NOTES, SERIES 2
Due From Nine Months to 30 years From Date of Issue
Payment of Principal, Premium, if any, and Interest
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PRINCIPAL AMOUNT. . . . . . . . . . . . . . . . . . . . U.S. $700,000.00
ORIGINAL ISSUE DATE. . . . . . . . . . . . . . . . . . . March 8, 1996
MATURITY DATE. . . . . . . . . . . . . . . . . . . . . . March 2, 1998
GLOBAL NOTE. . . . . . . . . . . . . . . . . . . . . . . Yes
INITIAL INTEREST RATE. . . . . . . . . . . . . . . . . . 5.60%
INTEREST RATE BASIS. . . . . . . . . . . . . . . . . . . Fixed
SPREAD. . . . . . . . . . . . . . . . . . . . . . . . . . N/A
INTEREST RATE RESET PERIOD. . . . . . . . . . . . . . . . N/A
INTEREST PAYMENT PERIOD . . . . . . . . . . . . . . . . . June 15, December 15 and at Maturity
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The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Corporation Subsidiaries.
