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                                [THIS CONFORMING PAPER FORMAT
                                DOCUMENT IS BEING SUBMITTED
                                PURSUANT TO RULE 901(d) OF
                                REGULATION S-T]

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


                Pricing Supplement No. 7 Dated April 25, 1996
                (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:                    April 30, 1996

Principal Amount:                       $20,000,000

Interest Rate Basis:                    [ ] Commercial Paper Rate
                                        [ ] Prime Rate
                                        [ ] Federal Funds Rate
                                        [X] LIBOR
                                            [X] Telerate Screen Project 3750
                                            [ ] Reuters Screen LIBO Page
                                        [ ] Treasury Rate
                                            2 Year Treasury Constant Maturities
                                        (H.15) Telerate Screen Page 7055

Index Maturity:                         Quarterly

Spread:                                 3 Month Libor + 67 Basis Points

Initial Interest Rate:                  5.48828+0.67=6.15828%





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Regular Record Dates:           15 calendar days prior to Interest
                                Payment Dates

Interest Determination Dates:   Second London Business Day Preceding the
                                Interest Reset Date

Interest Payment Dates:         The third Wednesday of June, September, December
                                and March

Interest Reset Dates:           The third Wednesday of June, September, December
                                and March

Specified Currency in which     U.S. Dollars
Denominated:

Stated Maturity:                May 1, 2006

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

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

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