Pricing Supplement Dated June 12, 1998 Rule 424(b)(3)
To Prospectus dated June 6, 1996 and File No. 333-04695
Prospectus Supplement dated May 13, 1997)
DUKE REALTY LIMITED PARTNERSHIP
Medium-Term Notes - Fixed Rate
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Principal Amount: $50,000,000 Interest Rate: 7.25%
Price to Public: $49,740,000 Stated Maturity Date: June 15, 2028
Agent's Discount
or Commission: $ 437,500 Original Issue Date: June 17, 1998
Net Proceeds to
Issuer: $49,302,500
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Interest Payment Dates: June 15 and December 15
Default Rate: 7.25%
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: (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.
[ ] Other:
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Agent acting in the capacity as indicated below:
[ ] Agent [X] Principal
If as principal:
[ ] The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
[X] The Notes are being offered at a fixed initial public offering
price of 99.48% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price
of % of Principal Amount.
Other Provisions:
None
PS-2 June 15, 1998
