424B3 1 For SEC Filing Purposes: Filed under Rule 424(b)(3) Registration Nos. 33-54861; 33-54861-01 33-38505; 33-38505-01 PRICING SUPPLEMENT FOR MEDIUM-TERM NOTES, SERIES C (Fixed Rate Only) Supplement No. 1 Dated: March 13, 1995 (To Prospectus dated February 3, 1995 and Prospectus Supplement dated March 8, 1995) [UNOCAL LOGO] Union Oil Company of California Medium-Term Notes, Series C Payment of Principal, Interest and Premium, if any, Guaranteed by Unocal Corporation Due Nine Months or more from Date of Issue Interest Payable each January 31 and July 31, on any Redemption Date, any Repayment Date and the Stated Maturity Form: [X] Book-Entry Principal Amount: $5,000,000.00 [ ] Certificated Interest Rate: __7.95__ % Trade Date: March 13, 1995 Issue Price: __100.0__ % Original Issuance Date: March 20, 1995 Agent's Commissions or Discounts: __.60__% Stated Maturity: March 20, 2007 Proceeds to Company: __99.4_ % Agent: CS First Boston Corporation Redemption: [X] The Note(s) cannot be redeemed prior to maturity [ ] The Note(s) may be redeemed prior to maturity Earliest Redemption Date: Redemption Price: __________ % Annual Redemption Price Reduction: __________ % Sinking Fund Redemption Dates: Sinking Fund Amount: Repayment: [X] The Note(s) cannot be repaid prior to maturity [ ] The Note(s) may be repaid prior to maturity at the option of the holder Repayment Date(s): Repayment Price: __________ % Discount Note: [ ] Yes [X] No Total Amount of OID: Yield to Maturity: Initial Accrual Period: [ ] Agent is acting as agent for the sale of Notes at a Price to the Public of (check one) [ ] 100% of the Principal Amount [ ] __________ % of the Principal Amount [ ] Agent is purchasing the Notes as principal for resale to investors and other purchasers at (check one and complete as necessary): [ ] a fixed public offering price of 100% of the Principal Amount. [ ] a fixed public offering price of ____________ % of the Principal Amount. [ ] varying prices, related to prevailing market prices at the time of resale, determined by such Agent. Other Terms (if applicable):