For Filing Pursuant to Rule 424(b)(3)
                                           Registration Statement No. 33-60827

                PRICING SUPPLEMENT NO. 14 DATED AUGUST 10, 1999
            (To Prospectus dated February 20, 1996 and Prospectus
                       Supplement dated June 11, 1996)


                         MEDIUM-TERM NOTES, SERIES E

                                                    INTEREST RATE
              RANGE OF MATURITIES                     PER ANNUM
              -------------------                   -------------
                    2 years                             6.34%

The Series E Notes to which this Pricing Supplement relates will bear interest
at the rate specified above and will be Fixed Rate Notes. Goldman, Sachs & Co.
has purchased the Notes as principal in this transaction, at a discount of
0.144%, for resale to one or more investors at varying prices related to
prevailing market conditions at the time or times of resale as determined by
Goldman, Sachs & Co.