<IMS-DOCUMENT>0000086312-95-000024.txt : 19950818
<IMS-HEADER>0000086312-95-000024.hdr.sgml : 19950818
ACCESSION NUMBER:		0000086312-95-000024
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19950817
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ST PAUL COMPANIES INC /MN/
		CENTRAL INDEX KEY:			0000086312
		STANDARD INDUSTRIAL CLASSIFICATION:	FIRE, MARINE & CASUALTY INSURANCE [6331]
		IRS NUMBER:				410518860
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-50115
		FILM NUMBER:		95564823

	BUSINESS ADDRESS:	
		STREET 1:		385 WASHINGTON ST
		CITY:			SAINT PAUL
		STATE:			MN
		ZIP:			55102
		BUSINESS PHONE:		6122217911

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SAINT PAUL COMPANIES INC
		DATE OF NAME CHANGE:	19900730
</IMS-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<TEXT>

<PAGE>


Pricing Supplement No. 20        Filing under Rule 424(b)(3)
Dated August 15, 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:     7.33%
          
          Stated Maturity:    August 18, 2006
          
          Issue Price (as a percentage of
            principal amount):      100%
          
          Selling Agent's Commission (%):      .625%
          
          Net Proceeds to the Company (%):   99.375%
          
          CUSIP No: 79286LCM2
          
          Settlement Date (original
            issue date): August 18, 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 $145,300,000.

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

</TEXT>
</DOCUMENT>
</IMS-DOCUMENT>