Rule 424(B)(3)
                          Registration No. 33-33253
PRICING SUPPLEMENT NO. 27 DATED JULY 10, 1995
TO PROSPECTUS DATED APRIL 21, 1995 AND PROSPECTUS SUPPLEMENT DATED APRIL 21,1995

             THE QUAKER OATS COMPANY
            MEDIUM TERM NOTES, SERIES D
              (FIXED RATE)
____________________________________________________________________________
Principal  Amount: $10,000,000            Issue  Date:  JULY  13, 1995
Issue Price: 100%                  Stated Maturity: JULY 13, 2005
Commission  of Selling Agents: $60,000  Specified Currency:  U.S. Dollars
Net Proceeds to Issuer: $9,940,000 Form:     _X_Global
Interest Rate: 6.71%                            ___Certificated
Selling Agents: MORGAN STANLEY
Trade Date: JULY 10, 1995
____________________________________________________________________________

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. $10,000,000 and
relates  only  to Pricing Supplement No. 27.  Medium-Term  Notes, Series D,
may be issued by the Company in the aggregate principal amount of up to U.S.
$400,000,000 or the equivalent in foreign currencies  or  foreign currency
units.   To date, including this offering, an aggregate of U.S. $222,000,000 or
the  equivalent in foreign currency or foreign currency units  of Medium-Term
Notes, Series D, have been issued.

____________________________________________________________________________

TYPE  OF  SALE:             IF PRINCIPAL TRANSACTION,  REOFFERING AT:
_____As Agent               ____varying prices related to prevailing
__X__As Principal           market prices at the time of resale
                            _X___fixed public offering price
                            of _____100____% of Principal Amount
____________________________________________________________________________

[Insert additional tax disclosure, if necessary]