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TRANSFER AGENT AND REGISTRAR

The First National Bank of Boston
P.O. Box 644
Boston, Massachusetts 02102

INDEPENDENT AUDITORS
KPMG Peat Marwick LLP

WORLDWIDE OPERATIONS

HEADQUARTERS
National Semiconductor Corporation
2900 Semiconductor Drive
P.O. Box 58090
Santa Clara, California 95052-8090
Telephone (408) 721-5000

MANUFACTURING FACILITIES
Santa Clara, California
South Portland, Maine;
Arlington, Texas;
West Jordan, Utah;
Melaka, Malaysia;
Penang, Malaysia;
Cebu, Philippines;
Greenock, Scotland;
Toa Payoh, Singapore


SHAREHOLDER INFORMATION

COMMON STOCK DATA
The Company's common stock is traded on the New York Stock Exchange and the Pacific Stock Exchange.

ANNUAL MEETING OF SHAREHOLDERS
The annual meeting will be held on or about September 27, 1996. A notice of the meeting, together with a form of proxy and a proxy statement, will be mailed to shareholders on or about August 20, 1996, at which time proxies will be solicited by the Board of Directors.

FORM 10-K
If you would like to receive a free copy of the Company's "Form 10-K" filed with the Securities and Exchange Commission, please send your request to:
Investor Relations
Mailstop 10-397
National Semiconductor Corporation
P.O. Box 58090
Santa Clara, California 95052-8090
Telephone (408) 721-5800
Fax (408) 721-7254


1996 ANNUAL REPORT

ON THE COVER
Engineering Technician Elvie Cayabyab at work during the start of operations at National's new 8-inch wafer development facility in Santa Clara, California.

CREDITS
Writers:
Mike Brozda,
Bill Callahan,
Jane Karakawa,
National Semiconductor

Print Design:
Broom & Broom, Inc.
San Francisco, California

Principal photography:
Lonnie Duka
Laguna Beach, California

Chip photography:
Andy Aronson,
National Semiconductor

Website design:
Design Matters®
San Carlos, California




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9 October 1996