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Pricing Supplement Dated October 31, 1996 Rule 424(b)(3)
(To Prospectus dated September 7, 1995 and File No. 33-61361
Prospectus Supplement dated April 29, 1996)
DUKE REALTY LIMITED PARTNERSHIP
Medium-Term Notes - Fixed Rate
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Principal Amount: $50,000,000.00 Interest Rate: 7.14%
Agent's Discount or Commission: $300,000.00 Stated Maturity Date:
November 5, 2004
Net Proceeds to Issuer: $49,700,000.00 Original Issue Date:
November 5, 1996
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Interest Payment Dates: May 1 and November 1
Default Rate: 7.14%
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity
Date.
[ ] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: ___% until Redemption
Percentage is 100% of the principal amount.
Optional Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity
Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at
the option of the holder of the Notes.
Option Repayment Dates:
Repayment Price: ____________%
Currency:
Specified Currency: U.S. Dollars (If other than U.S. dollars,
see attached)
Minimum Denominations: N/A (Applicable only if Specified Currency
is other than U.S. dollars)
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [X] Book-Entry [ ] Certificated
Agent: [X] Merrill Lynch & Co.
[X] Other: First Chicago Capital Markets, Inc.
Goldman, Sachs & Co.
J.P. Morgan & Co.
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Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as principal:
[ ] The Notes are being offered at varying prices related
to prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public
offering price of ____% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering
price of 100% of Principal Amount.
Other Provisions:
PS-2
