Pricing Supplement No. 7         Filing under Rule 424(b)(3)
Dated June 5, 1995               Registration File No. 33-50115
(to Prospectus dated October 4,
1993 and Prospectus Supplement
dated October 12, 1993)







                        $300,000,000
                The St. Paul Companies, Inc.
                 Medium-Term Notes, Series B
                              
                              
                              
          Principal Amount:        $10,000,000
          
          Fixed Interest Rate:     6.71%
          
          Stated Maturity:    June 9, 2005
          
          Issue Price (as a percentage of
            principal amount):      100%
          
          Selling Agent's Commission (%):      .625%
          
          Net Proceeds to the Company (%):   99.375%
          
          Settlement Date (original
            issue date): June 9, 1995
          
          Selling Agent: J.P. Morgan Securities, Inc.
          
          
          
          
          As of the date of this Pricing Supplement, the
aggregate initial public offering price of the Debt
Securities (as defined in the Prospectus) which has been
sold (including the Notes to which this Pricing Supplement
relates) is $58,300,000.

                              
                    GOLDMAN, SACHS & CO.
                              
                J.P. MORGAN SECURITIES, INC.