SECURITIES AND EXCHANGE COMMISSION
                   Washington, D.C. 20549
                              
                   -----------------------
                              
                          FORM 8-K
                              
                       CURRENT REPORT
                              
                              
           Pursuant to Section 13 or 15(d) of the
                              
               Securities Exchange Act of 1934
                              
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              Date of Report (Date of earliest
              event reported): October 23, 1995
                              
                              
                              
                THE ST. PAUL COMPANIES, INC.
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   (Exact name of Registrant as specified in its charter)


     Minnesota             0-3021              41-0518860
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      (State of       (Commission File     (I.R.S. Employer
    Incorporation)         Number)        Identification No.)



385 Washington St., St. Paul, MN              55102
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(Address of principal                      (Zip Code)
executive offices)


                       (612) 221-7911
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               (Registrant's telephone number,
                    including area code)
                              
                              
                              
                              
                             N/A
- ------------------------------------------------------------
    (Former name or former address, if changed since last
                           report)



Item 5.    Other Events.
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     Filed herewith are statements derived from a press
release dated October 23, 1995, of the registrant relating
to its results for the quarter ended September 30, 1995,
which will be superseded by the registrant's Quarterly
Report on Form 10-Q for such period.  The results for an
interim period are not necessarily indicative of the results
for a full year.

Item 7. Financial Statements, Pro Forma Financial
        Information and  Exhibits.
        ---------------------------------------------------------

  An Exhibit Index is set forth as the next page in this
report.

  Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned thereunto duly
authorized.



                              THE ST. PAUL COMPANIES, INC.




                              By  /s/ Bruce A. Backberg
                                  ---------------------
                                  Bruce A. Backberg
                                  Vice President
                                   and Corporate Secretary


Date: October 26, 1995




                        EXHIBIT INDEX
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                                                        How
Exhibit                                                Filed
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(99) Additional exhibits . . . . . . . . . . . . . .  . (1)




     (1) Filed electronically under the EDGAR Operational Program.