<PAGE> 1
Filed Pursuant to Rule 424(b)(3)
Registration No. 033-61601
PRICING SUPPLEMENT, DATED APRIL 4, 1997
TO PROSPECTUS SUPPLEMENT DATED OCTOBER 6, 1995
TO PROSPECTUS DATED SEPTEMBER 27, 1995
BANPONCE CORPORATION
MEDIUM-TERM NOTES, SERIES 2
DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE
PRINCIPAL AMOUNT............................ $25,000,000.00
ORIGINAL ISSUE DATE......................... April 8, 1997
MATURITY DATE............................... October 8, 1998
GLOBAL NOTE................................. Yes
INITIAL INTEREST RATE....................... 6.55%
INTEREST RATE BASIS......................... Fixed
INDEX MATURITY.............................. N/A
SPREAD...................................... N/A
INTEREST RATE RESET PERIOD.................. N/A
INTEREST PAYMENT PERIOD..................... June 15, December 15, and at
maturity. (First interest payment
06/15/97).
The proceeds from the issuance of the Note to which this Pricing Supplement
relates will be used to finance BanPonce Financial Corporation subsidiaries.
