Pricing Supplement Dated July 25, 1996

(To Prospectus dated September 8, 1995 and
Prospectus Supplement dated September 25, 1995)

The Charles Schwab Corporation

Medium-Term Notes, Series A
(Fixed Rate)


- ------------------------------------------------------------------------------
Trade Date:  July 25, 1996             Original Issue Date:  July 30, 1996
Principal Amount:  $5,000,000          Net Proceeds to Issuer:  $4,975,000
Issue Price:  100%                     Interest Payable: March 1, September 1,
Agent's Discount or Commission:  .50%                    and at maturity
Interest Rate:  7.20%                  Agent's Capacity:   x   Agent
                                                          ---
Maturity Date:  July 30, 2001                                  Principal
                                                          ---
- ------------------------------------------------------------------------------


Form:
               x   Book-Entry
              ---
                   Certificated
              ---

Redemption:
               x   The Notes cannot be redeemed prior to maturity
              ---
                   The Notes may be redeemed prior to maturity
              ---

            Initial Redemption Date:
            Initial Redemption Price:
            Annual Redemption Price Reduction:

Repayment:
               x   The Notes cannot be repaid prior to maturity
              ---
                   The Notes can be repaid prior to maturity at the option
              ---  the holder of the note

            Repayment Date:
            Repayment Price:

Discount Note:         Yes    x   No
                  ---        ---

            Total Amount of OID:
            Yield to Maturity:
            Initial Accrual Period:

Ranking:         x   Senior        Senior Subordinated
                ---           ---

                            Goldman, Sachs & Co.
                              

The Supplement dated September 25, 1995 to the Prospectus dated September 8,
1995 is hereby amended by replacing the last two sentences of the subsection
entitled "Sale, Exchange or Retirement of the Notes" (beginning on page S-12)
with the following two sentences:  "However, Congress has in the past, and may
in the future, consider legislation which, if enacted, may substantially change
the tax rate applicable to net capital gain of many taxpayers (including
corporate taxpayers).  It is uncertain whether this or any other tax legislation
regarding capital gains tax rates will be enacted."