Pricing Supplement Dated November 4, 1997

(To Prospectus dated November 1, 1996, and Prospectus  Supplement dated
November 7, 1996)

The Charles Schwab Corporation
Medium-Term Notes, Series A (Fixed Rate)

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Trade Date:   November 4, 1997           Original Issue Date:  November 7, 1997
Principal Amount:  $5,000,000            Net Proceeds to Issuer:  $4,970,000
Issue Price:  100%                       Interest Payable: March 1, September 1,
Agent's Discount or Commission:  .600%                     and at maturity
Interest Rate:   6.71%                   Agent's Capacity:  X  Principal
                                                           ---
Maturity Date:   November 8, 2004                              Agent
                                                           ---
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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 of 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
                 ---               ---

The second paragraph under the caption "Certain United States Federal Income Tax
Consequences" in the Company's  Prospectus  Supplement dated November 7, 1996 is
hereby amended in its entirety to read as follows:

      As used herein,  the term "Holder" means the  beneficial  holder of a Note
     (a) that is for United States  federal income tax purposes (i) a citizen or
     resident of the United  States,  (ii) a  corporation,  partnership or other
     entity created or organized in or under the laws of the United States or of
     any political  subdivision thereof,  (iii) an estate the income of which is
     subject to United States federal income taxation  regardless of its source,
     or (iv) any trust if (A) a United States court is able to exercise  primary
     supervision over the administration of the trust and (B) one or more United
     States fiduciaries have the authority to control all substantial  decisions
     of the trust;  or (b) whose income from such Note is treated as effectively
     connected with such owner's conduct of the United States trade or business.
     The term Holder also includes  certain  former  citizens and certain former
     long-term  residents of the United  States  whose  interest and gain on the
     Notes will be subject to United States federal income taxation.

The second  paragraph  under the caption  "Sale,  Exchange or  Retirement of the
Notes" in the Company's  Prospectus  Supplement dated November 7, 1996 is hereby
amended in its entirety to read as follows:

     Subject to the discussion  relating to Short-Term Notes above, gain or loss
     realized on the sale, exchange or retirement of a Note will be capital gain
     or loss. For this purpose,  Holders of Amortizing  Notes acquired at a cost
     less than par will  recognize  some amount of capital gain upon the receipt
     of each principal payment, the same as though they had sold a proportionate
     amount of the related Amortizing Note. As a general rule, gains realized by
     certain  noncorporate  Holders from the sale,  exchange or  redemption of a
     Note,  or upon the receipt of a  principal  payment on an  Amortizing  Note
     acquired  at a cost less than par,  may be taxable at lower  maximum  rates
     than  ordinary  income if such  Holder  has held the Note for more than one
     year,  and may be taxable at even lower  maximum  rates if such  Holder has
     held the Note for more than 18 months. The distinction between capital gain
     or loss and ordinary income or loss is also relevant for purposes of, among
     other things, limitations on the deductibility of capital losses.
                                                        Morgan Stanley & Co.