Rule 424(B)(3)
                          Registration No. 33-33253
PRICING SUPPLEMENT NO. 28 DATED AUGUST 9, 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: $15,000,000            Issue Date: AUGUST  14, 1995
Issue  Price: 100%                  Stated Maturity:  AUGUST  14, 2002
Commission  of Selling Agents: $90,000    Specified Currency:  U.S. Dollars
Net Proceeds to Issuer: $14,910,000         Form:     _X_Global
Interest Rate: 7.13%                                  ___Certificated
Selling Agents: GOLDMAN SACHS
Trade Date: AUGUST 9, 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. $15,000,000 and
relates only to Pricing Supplement No. 28.  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. $237,000,000 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:
__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]