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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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 0ypcLi0Cby1RbXB1dtcz3g==

<SEC-DOCUMENT>/in/edgar/work/20000707/0000950123-00-006372/0000950123-00-006372.txt : 20000920
<SEC-HEADER>0000950123-00-006372.hdr.sgml : 20000920
ACCESSION NUMBER:		0000950123-00-006372
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000707

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAINE WEBBER GROUP INC
		CENTRAL INDEX KEY:			0000075754
		STANDARD INDUSTRIAL CLASSIFICATION:	 [6211
]		IRS NUMBER:				132760086
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		424B3
			SEC ACT:		
			SEC FILE NUMBER:	333-17913
			FILM NUMBER:		669015
</FILING-VALUES>

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

				MAIL ADDRESS:	
					STREET 1:		1285 AVENUE OF THE AMERICAS
					CITY:			NEW YORK
					STATE:			NY
					ZIP:			10019
</MAIL-ADDRESS>

					FORMER COMPANY:	
						FORMER CONFORMED NAME:	PAINE WEBBER INC
						DATE OF NAME CHANGE:	19840523
</FORMER-COMPANY>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>e424b3.txt
<DESCRIPTION>PAINE WEBBER GROUP INC.: PRICING SUPPLEMENT #130
<TEXT>

<PAGE>   1


                                Filed pursuant to Rule 424(b)(3).
                                This amended pricing supplement relates to
                                Registration Statement Nos. 33-52695
                                and 333-17913.


                Pricing Supplement No. 130 Dated July 06, 2000
                 (To Prospectus Dated September 23, 1998 and
               Prospectus Supplement Dated September 23, 1998)


                           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:                July 11, 2000

Principal Amount:                   $25,000,000

Interest Rate Per Annum:            3 Mo Libor +88

Specified Currency in which
Denominated:                        U.S. Dollars

Stated Maturity:                    July 15, 2005

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

Regular Record Dates:               15 Days Prior to the Interest Payment Dates

Interest Payment Dates:             The 15th day of October, January, April,
                                    and July

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

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


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