Pricing  Supplement  No. 1                         Filing under Rule 424(b)(3)
Dated  November  19,  1996                      Registration File No.333-12179
(To  Prospectus  dated  September 30, 1996 and                 and No.33-57659
Prospectus  Supplement  dated  November  15,  1996)

                                 $150,000,000
                         WEINGARTEN REALTY INVESTORS
                         MEDIUM-TERM NOTES, SERIES A

Principal  amount:    $12,000,000                    Floating Rate Notes:  N/A
Interest  Rate  (if fixed rate): 6.90%               Interest rate basis:  N/A
Stated  Maturity:  November  24,  2008                              Paper Rate
Specified  Currency:    U.S.  $                                     Prime Rate
Applicable  Exchange  Rate  (if  any):                                   LIBOR
U.S.  $1.00  =    N/A                                            Treasury Rate
Issue  price  (as  a  percentage  of                                   CD Rate
principal  amount):    100%                                 Federal Funds Rate
Selling  Agent's  commission  (%):    0.625%                             Other
Purchasing  Agent's  discount                             Index Maturity:  N/A
or  commission  (%):    N/A                                     Spread:    N/A
Net  proceeds  to  the  Company  (%):    99.375%       Spread Multiplier:  N/A
Settlement  date  (original                                 Maximum Rate:  N/A
issue  date):  November  22,  1996                       Minimum  Rate:    N/A
Redemption  Commencement                           Initial Interest Rate:  N/A
Date  (if  any):  N/A                             Interest Reset Date(s):  N/A
Interest  Determination  Date(s):    N/A
Calculation  Date(s):    N/A
Interest  Payment  Date  (s):  3/15,  9/15
Regular  Record  Date(s):  3/1,  9/1

     Redemption prices (if any):  The Redemption Price shall initially be    
N/A %  of  the principal amount of such Notes to be redeemed.

     If  such Notes are denominated in other than U.S. dollars, the applicable
Foreign  Currency  Supplement  is  attached  hereto.

     Additional  terms:    N/A

     As  of  the date of this Pricing Supplement, the aggregate initial public
offering  price (or its equivalent in other currencies) of the Debt Securities
(as  defined  in  the Prospectus) which have been sold (including the Notes to
which  this  Pricing  Supplement  relates)  is  $12,000,000.

     "N/A"  as used herein means "Not Applicable."  "A/S" as used herein means
"As  stated  in  the  Prospectus  Supplement  referred  to  above."

                             LEHMAN BROTHERS INC.