-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: keymaster@town.hall.org
Originator-Key-Asymmetric:
 MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq
 pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ==
MIC-Info: RSA-MD5,RSA,
 YDfFFxkxQ8ENXMXzeiQF2QBuKwV+ydoa1KUwpaMxxIfRJeYQCBEMlcnfJ5lR5gaJ
 Bh9zP0GW5lIRoTna4zKEzA==

<IMS-DOCUMENT>0000889812-95-000132.txt : 19950424
<IMS-HEADER>0000889812-95-000132.hdr.sgml : 19950424
ACCESSION NUMBER:		0000889812-95-000132
CONFORMED SUBMISSION TYPE:	424B5
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19950421
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAINE WEBBER GROUP INC
		CENTRAL INDEX KEY:			0000075754
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				132760086
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B5
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-53776
		FILM NUMBER:		95530206

	BUSINESS ADDRESS:	
		STREET 1:		1285 AVE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2127132000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PAINE WEBBER INC
		DATE OF NAME CHANGE:	19840523
</IMS-HEADER>
<DOCUMENT>
<TYPE>424B5
<SEQUENCE>1
<DESCRIPTION>STICKER
<TEXT>


<PAGE>
                                                               Rule 424(b)(5)
                                                               File No. 33-53776

                            PAINE WEBBER GROUP INC.
                        SUPPLEMENT DATED APRIL 20, 1995
                      (TO PROSPECTUS DATED JULY 20, 1994)
 
     On April 20, 1995, Paine Webber Group Inc. (the 'Company') announced
operating results for the quarter ended March 31, 1995. Those results and the
results for the comparable quarter of the prior year are as follows:
<TABLE>
<CAPTION>
                                            QUARTER ENDED MARCH 31,
                                            -----------------------
<S>                                         <C>          <C>
                                               1995         1994
                                            ----------   ----------
<CAPTION>
                                             (IN THOUSANDS EXCEPT
                                              PER SHARE AMOUNTS)
                                                  (UNAUDITED)
<S>                                         <C>          <C>
Total Revenues...........................   $1,233,910   $1,082,448
Net Revenues.............................      725,784      752,077
Earnings Before Income Taxes.............       52,785       92,747
Net Earnings.............................       34,310       55,648
Earnings Per Share
      Primary............................        $0.27        $0.71
      Fully Diluted......................        $0.27        $0.70
</TABLE>
 
     On April 19, 1995, in an unrelated development, Moody's Investors Service,
Inc. announced that it lowered its ratings on the Company's senior debt from A3
to Baa1 and on its subordinated debt from Baa1 to Baa2. Moody's confirmed the
Company's Prime-2 commercial paper rating.

</TEXT>
</DOCUMENT>
</IMS-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----