<PAGE>
CS FIRST BOSTON CORPORATION
Pricing Supplement No.1 For SEC Filing Purposes:
Dated: March 7, 1994 Filed Under Rule 424(b)(3)
To Prospectus dated January 10, 1994 and Registration Nos. 33-23628
33-51675
Prospectus Supplement dated February 22, 1994
Principal Amount $100,000,000
HOECHST CELANESE CORPORATION
Medium-Term Notes, Series B
Due from 9 Months to 30 Years from Date of Issue
Issue Date: March 15, 1994 __X__ Book-Entry Note(s)
_____ Certificated Note(s)
Stated Maturity: March 15, 2009
Spread:
_____ Zero-Coupon Note(s) Spread Multiplier:
__X__ Fixed Rate Note(s) Maximum Interest Rate, if any:
_____ Commercial Paper Rate Note(s) Minimum Interest Rate, if any:
_____ Prime Rate Note(s) Interest Calculation Dates:
_____ CD Rate Note(s) Calculation Agent:
_____ Federal Funds Rate Note(s)
_____ LIBOR Note(s) Redemption Date(s) (Option of
_____ Treasury Rate Note(s) Holder):
_____ Other Interest Rate Basis Redemption Percentage(s) (Option
of Holder)(If other than 100% of
Currency or Currency Units Principal Amount):
(if other than U.S. dollars):
Redemption Date(s):
Issue Price (if other than 100%): 99.835% Redemption Premium:
(Premium Reduction Amount:)
Public Offering Price: 99.835%
Original Issue Discount Security:
Underwriting Discount or Commission ____ For Federal Income Tax
received from the Issuer (%): 0.75% Purposes
Proceeds to Company: $99,085,000 ____ Subject to Special Provisions
Issue Date for Calculating OID:
Interest Rate/Initial Interest Original Issue Discount:
Rate: 7.125% Original Issue Discount
Interest Payment Dates: September 15 Applicable to Short Accrual
and March 15 Period:
Regular Record Dates: September 1 Computed under (exact__)
and March 1 (approximate__) method
Interest Reset Dates: Yield to Maturity:
Interest Payment Period: Default Rate (only applicable if
Interest Rate Reset Period: OID Security):
Interest Determination Dates: Amortized Face Amount:
Index Maturity:
CS FIRST BOSTON CORPORATION
