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Pricing Supplement No. 3 Filing under Rule 424(b)(3)
Dated January 7, 1994 Registration File No. 33-50115
(to Prospectus dated October 4,
1993 and Prospectus Supplement
dated October 12, 1993)
$300,000,000
The St. Paul Companies, Inc.
Medium-Term Notes, Series B
Principal Amount: $3,000,000
Fixed Interest Rate: 6.34%
Stated Maturity: January 14, 2004
Issue Price (as a percentage of
principal amount): 100%
Selling Agent's Commission (%): .625%
Net Proceeds to the Company (%): 99.375%
Settlement Date (original
issue date): January 14, 1994
Selling Agent: Goldman, Sachs & Co.
As of the date of this Pricing Supplement, the
aggregate initial public offering price of the Debt
Securities (as defined in the Prospectus) which has been
sold (including the Notes to which this Pricing Supplement
relates) is $24,800,000.
GOLDMAN, SACHS & CO.
J.P. MORGAN SECURITIES, INC.
