Rule 424(B)(3)
                          Registration No. 33-33253
PRICING SUPPLEMENT NO. 24 DATED JUNE 6, 1994
TO PROSPECTUS DATED AUGUST 17, 1993 AND
PROSPECTUS SUPPLEMENT DATED AUGUST 17, 1993

             THE QUAKER OATS COMPANY
            MEDIUM TERM NOTES, SERIES C
              (FIXED RATE)
____________________________________________________________________________
Principal Amount: $5,000,000            Issue Date: JUNE 13, 1994
Issue Price: 100%                  Stated Maturity: JUNE 14, 2004
Commission of Selling Agents: $30,000  Specified Currency: U.S. Dollars
Net Proceeds to Issuer: $4,970,000      Form:     __X_Global
Interest Rate: 7.39%                            ___Certificated
Selling Agents: GOLDMAN, SACHS & CO.
Trade Date: JUNE 6, 1994
____________________________________________________________________________

Interest Payment Dates:                      Amortizing Notes:
  _X__As specified in Prospectus Supplement  ____Yes
  ____Other (specify)________________        _X__No
Regular Record Date:                         Each payment of principal of,
  _X__As specified in Prospectus Supplement  and interest on, the Notes will
  ____Other (specify)________________        be made:  ____Quarterly
Original Issue Discount Note:                     ____Semiannually
  ____Yes _X__No
Original Issue Discount: __________%         Interest rate may be reset:
Yield to Maturity: _________%                 ____Yes _X__No
                          Terms of reset:
Repurchase Price (for Discount Securities): Redemption Information:

Other Provisions:                          Repayment Information:

____________________________________________________________________________
The aggregate principal amount of this offering is U.S. $5,000,000 and
relates only to Pricing Supplement No. 24.  Medium-Term Notes, Series C,
may be issued by the Company in the aggregate principal amount of up to U.S.
$200,000,000 or the equivalent in foreign currencies or foreign currency
units.  To date, including this offering, an aggregate of U.S. $194,000,000 or
the equivalent in foreign currency or foreign currency units of Medium-Term
Notes, Series C, have been issued.

____________________________________________________________________________

TYPE OF SALE:             IF PRINCIPAL TRANSACTION, REOFFERING AT:
_X__As Agent              ____varying prices related to prevailing
____As Principal          market prices at the time of resale
                          ____fixed public offering price
                          of ________% of Principal Amount
____________________________________________________________________________

[Insert additional tax disclosure, if necessary]