Exhibit 5.1



                                 July 18, 1998


Transamerica Corporation
600 Montgomery Street
San Francisco, CA  94111


          Re:  Registration Statement on Form S-8


Ladies and Gentlemen:

          At your request, we are rendering this opinion in connection with the
proposed issuance pursuant to the Transamerica Corporation 1995 Performance
Stock Option Plan (the "Plan"), of 2,000,000 additional shares of common stock,
$1.00 par value ("Common Stock"), of Transamerica Corporation, a Delaware
corporation (the "Company").

          We have examined instruments, documents, and records which we deemed
relevant and necessary for the basis of our opinion hereinafter expressed. In
such examination, we have assumed the following: (a) the authenticity of
original documents and the genuineness of all signatures; (b) the conformity to
the originals of all documents submitted to us as copies; and (c) the truth,
accuracy, and completeness of the information, representations, and warranties
contained in the records, documents, instruments, and certificates we have
reviewed.

          Based on such examination, we are of the opinion that the 2,000,000
additional shares of Common Stock to be issued by the Company pursuant to the
Plan are validly authorized shares of Common Stock, and, when issued in
accordance with the provisions of the Plan, will be legally issued, fully paid,
and nonassessable.

          We hereby consent to the filing of this opinion as an exhibit to this
Registration Statement on Form S-8 and to the use of our name wherever it
appears in said Registration Statement. In giving such consent, we do not
consider that we are "experts" within the meaning of such term as used in the
Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission issued thereunder with respect to any part of
the Registration Statement, including this opinion, as an exhibit or otherwise.

                                      Very truly yours,
                             
                                      /s/ Orrick, Herrington & Sutcliffe LLP
                             
                                      ORRICK, HERRINGTON & SUTCLIFFE LLP