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Pricing Supplement No. 7 dated May 2, 1996             Registration No. 33-52571
(To Prospectus Supplement dated December 16, 1994      Rule 424(b)(3)
and Prospectus dated March 18, 1994)



                           BANK OF BOSTON CORPORATION

                                MEDIUM-TERM NOTES
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE

                              --------------------


     Except as set forth herein, the Senior Notes offered hereby are "Floating
Rate Notes" and have such terms as are described in the accompanying Prospectus
Supplement dated December 16, 1994, relating to Floating Rate Notes. This
Pricing Supplement relates to $50,000,000 aggregate principal amount of Senior
Notes that are being purchased, as principal, by Merrill Lynch & Co., Merrill
Lynch, Pierce, Fenner & Smith Incorporated ("Merrill Lynch") for resale to one
or more investors at varying prices relating to prevailing market conditions at
the time or times of resale as determined by Merrill Lynch. Net proceeds payable
by Merrill Lynch to Bank of Boston Corporation (the "Corporation") will be
99.924764% of the aggregate principal amount of the Senior Notes, or
$49,962,382, before deduction of expenses payable by the Corporation. In
connection with the sale of the Senior Notes, Merrill Lynch may be deemed to
have received compensation from the Corporation in the form of underwriting
discounts in the amount of .075236%, or $37,618.

DTC CUSIP #:  06420 MAH3

Principal Amount:  $50,000,000

Issue Date:  May 2, 1996
(Settlement Date):  May 8, 1996

Stated Maturity Date:  May 8, 1998

Interest Rate(s)
   (Fixed Rate Notes):  N/A

Initial Interest Rate
   (Floating Rate Notes):  To be determined on Settlement Date
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Interest Payment Dates:  [ ] June 15 and December 15 of each year.

                         [X] Other:  August 8, 1996         November 8, 1996
                                   February 10, 1997           May 8, 1997
                                     August 8, 1997         November 10, 1997
                                   February 9, 1998           May 8, 1998

Interest Payment Period: Quarterly

Record Dates:            [X] Fifteenth calendar day (whether or not a Business 
                             Day) next preceding each Interest Payment Date.

Interest Rate Basis      [ ] CMT Rate
  (Floating Rate Notes): [ ] Commercial Paper Rate 
                         [ ] Eleventh District Cost of Funds Rate 
                         [X] Federal Funds Rate 
                         [ ] LIBOR Telerate 
                         [ ] LIBOR Reuters 
                         [ ] Prime Rate 
                         [ ] Treasury Rate 
                         [ ] Other:

Interest Calculation
  (Floating Rate Notes): [X] Regular Floating Rate Note
                         [ ] Floating Rate/Fixed Rate Note
                             Fixed Rate Commencement Date:
                             Fixed Interest Rate:
                         [ ] Inverse Floating Rate Note
                             Fixed Interest Rate:

Index Maturity
   (Floating Rate Notes):   Daily

Index Currency
(LIBOR Notes):  N/A

Designated LIBOR Page
   (LIBOR Notes):  N/A

Designated Fed Funds Effective Page
(Fed Funds Notes):  Telerate Page 118

Designated CMT Telerate
Page (CMT Rate Notes):  N/A

Designated CMT Maturity
Index (CMT Rate Notes):  N/A
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Reuters Screen NYMF Page
(Prime Rate Notes):  N/A

Spread (Plus or Minus)
   (Floating Rate Notes):  +.25

Spread Multiplier
   (Floating Rate Notes):  N/A

Interest Rate Formula
   (Floating Rate Notes):  Daily reset using prior day Fed Funds Effective Rate
                           plus .25% (Telerate Page 118)

Interest Reset Dates
   (Floating Rate Notes):  Daily

Interest Reset Period:  Quarterly

Interest Determination Dates
   (Floating Rate Notes):  Daily

Calculation Agent (if other
   than the Bank)
   (Floating Rate Notes):  N/A

Minimum Interest Rate
   (Floating Rate Notes):  N/A

Maximum Interest Rate
   (Floating Rate Notes):   N/A

Redemption Date(s):  N/A

Initial Redemption Percentage:  N/A

Annual Redemption
   Percentage Reduction:  N/A

Holder's Optional
   Repayment Date(s):  N/A

Day Count Convention
   (Floating Rate Notes):[ ] 30/360 for the period from _____________ to
                              _______________________.
                         [X] Actual/360 for the period from May 8, 1996 to May 
                             8, 1998.


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Original Issue
   Discount Note:     [ ] Yes
                      [X] No

Total Amount of OID:  N/A

Yield to Maturity:  N/A

Interest Accrual
   Period:  N/A

Default Rate:  N/A

Other Provisions:   Terms used but not defined in this Pricing Supplement shall
have the meanings specified in the above-referenced Prospectus Supplement.