Pricing Supplement Dated August 1, 1997

(To Prospectus dated  November 1, 1996, and
Prospectus Supplement dated November 7, 1996)

The Charles Schwab Corporation
Medium-Term Notes, Series A
(Fixed Rate)

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Trade Date:       August 1, 1997      Original Issue Date:       August 6, 1997
Principal Amount:  $6,000,000         Net Proceeds to Issuer:  $5,964,000
Issue Price:  100%                    Interest Payable: March 1, September 1,
Agent's Discount or Commission: .60%                    and at maturity
Interest Rate:  6.73%                 Agent's Capacity:  x     Principal
                                                        --- 
Maturity Date:  August 6, 2004                                 Agent
                                                        --- 
- --------------------------------------------------------------------------------

Form:                      x    Book-Entry
                          ---
                                Certificated
                          ---

Redemption:                x    The Notes cannot be redeemed prior to maturity
                          ---
                                The Notes may be redeemed prior to maturity
                          ---

                  Initial Redemption Date:
                  Initial Redemption Price:
                  Annual Redemption Price Reduction:

Repayment:                 x    The Notes cannot be repaid prior to maturity
                          ---
                                The Notes can be repaid prior to maturity at the
                                option of the holder of the note
                          ---

                  Repayment Date:
                  Repayment Price:

Discount Note:        Yes      x    No
                 ---          ---

                  Total Amount of OID:
                  Yield to Maturity:
                  Initial Accrual Period:

Ranking:          x    Senior            Senior Subordinated
                 ---                ---

The second paragraph under the caption "Certain United States Federal Income Tax
Consequences" in the Company's  Prospectus  Supplement dated November 7, 1996 is
hereby amended in its entirety to read as follows:

     As used herein, the term "Holder" means the beneficial holder of a Note (a)
     that is for United  States  federal  income tax  purposes  (i) a citizen or
     resident of the United  States,  (ii) a  corporation,  partnership or other
     entity created or organized in or under the laws of the United States or of
     any political  subdivision thereof,  (iii) an estate the income of which is
     subject to United States federal income taxation  regardless of its source,
     or (iv) any trust if (A) a United States court is able to exercise  primary
     supervision over the administration of the trust and (B) one or more United
     States fiduciaries have the authority to control all substantial  decisions
     of the trust;  or (b) whose income from such Note is treated as effectively
     connected with such owner's conduct of the United States trade or business.
     The term Holder also includes  certain  former  citizens and certain former
     long-term  residents of the United  States  whose  interest and gain on the
     Notes will be subject to United States federal income taxation.
                                                            Goldman, Sachs & Co.