Pricing Supplement No. 15        Filing under Rule 424(b)(3)
Dated July 27, 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:     7.09%
          
          Stated Maturity:    August 1, 2005
          
          Issue Price (as a percentage of
            principal amount):      100%
          
          Selling Agent's Commission (%):      .625%
          
          Net Proceeds to the Company (%):   99.375%
          
          CUSIP No: 79286LCH3
          
          Settlement Date (original
            issue date): August 1, 1995
          
          Selling Agent: Goldman, Sachs & Co.
          
          
          
          
          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 $115,300,000.

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