Pricing Supplement No. 1 Filing under Rule 424(b)(3)
Dated August 10, 1998 Registration File No. 333-51843
(To Prospectus dated August 10, 1998 and
Prospectus Supplement dated August 10, 1998)
$200,000,000
WEINGARTEN REALTY INVESTORS
MEDIUM-TERM NOTES, SERIES A
Principal amount: $32,000,000 Floating Rate Notes: 3 Month Libor
Interest Rate (if fixed rate): N/A Interest rate basis: N/A
Stated Maturity: August 11, 2000 Paper Rate
Specified Currency: U.S. $ Prime Rate
Applicable Exchange Rate (if any): LIBOR
U.S. $1.00 = N/A Treasury Rate
Issue price (as a percentage of CD Rate
principal amount): 100% Federal Funds Rate
Selling Agent's commission (%): 0.25% Other
Purchasing Agent's discount Index Maturity: N/A
or commission (%): N/A Spread: +17 basis points
Net proceeds to the Company (%): 99.75% Spread Multiplier: N/A
Settlement date (original Maximum Rate: N/A
issue date): August 11, 1998 Minimum Rate: N/A
Redemption Commencement Initial Interest Rate: N/A
Date (if any): February 11, 1999 Interest Reset Date(s): Quarterly
Interest Determination Date(s): N/A Optional Repayment Date: N/A
Calculation Date(s): N/A Cusip # 948 74R BE 5
Interest Payment Date (s): 2/11,5/11,8/11,11/11
Regular Record Date(s): 1/27,4/26,7/27,10/27
Redemption prices (if any): The Redemption Price shall be at par.
If such Notes are denominated in other than U.S. dollars, the applicable
Foreign Currency Supplement is attached hereto.
Additional terms: N/A
As of the date of this Pricing Supplement, the aggregate initial public
offering price (or its equivalent in other currencies) of the Debt Securities
(as defined in the Prospectus) which have been sold (including the Notes to
which this Pricing Supplement relates) is $168,000,000.
"N/A" as used herein means "Not Applicable." "A/S" as used herein means
"As stated in the Prospectus Supplement referred to above."
LEHMAN BROTHERS
