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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 XuryrpQHHX79jc26tXZdgg==

<SEC-DOCUMENT>0000950123-95-003604.txt : 19951206
<SEC-HEADER>0000950123-95-003604.hdr.sgml : 19951206
ACCESSION NUMBER:		0000950123-95-003604
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19951205
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:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-51149
		FILM NUMBER:		95599184

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>PAINEWEBBER GROUP INC.
<TEXT>

<PAGE>   1


                                        Filed pursuant to Rule 424(b)(3)
                                        This pricing supplement relates to
                                        Registration Statement Nos. 33-51149  
                                        and 33-52695


              Pricing Supplement No. 5 Dated November 30, 1995
                  (To Prospectus Dated November 15, 1995 and
                Prospectus Supplement Dated November 15, 1995)


                           PAINE WEBBER GROUP INC.

                              Multiple Currency
                      MEDIUM-TERM SENIOR NOTES, SERIES C
             Due from Nine Months to 30 Years from Date of Issue
                            (FLOATING RATE NOTES)


Designation:                            MEDIUM TERM SENIOR NOTES,
                                        SERIES C

Original Issue Date:                    December 5, 1995

Principal Amount:                       $7,500,000

Interest Rate Per Annum:                6.270%

Specified Currency in 
which Denominated:                      U.S. Dollars

Stated Maturity:                        December 6, 1999

Issued Price (As a Percentage
of Principal Amount):                   100%


Regular Record Dates:                   February 15 and August 15


Redemption and Early                    The Note cannot be redeemed
Repayment Provision:                    prior to Stated Maturity

Note(s) Represented By:                 [X] Global Note
                                        [ ] Certificated Note(s)


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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