Pricing Supplement No. 33 Rule 424(b)(2)
DATED: 1/18/96 Registration No. 33-56839
(To Prospectus Supplement dated January 17, 1995, including the Prospectus
dated December 21, 1994)
$900,000,000
USL CAPITAL CORPORATION
MEDIUM-TERM NOTES, SERIES D
Due from Nine Months to 30 Years from Date of Issue
Floating Rate Note [ ] 5.79% Fixed Rate Note [X]
Global Security: [x] Yes [ ] No
Principal Amount: $15,000,000
Settlement Date: 1/23/96 Maturity Date: 1/23/01
Interest Accrual Date: 1/23/96
New Maturity Date(s): N/A Notice of Renewal Date(s): N/A
Issue Price: 100%
Specified Currency: U.S. Dollars
Exchange Rate Agent: N/A
Historical Exchange Rate: N/A
Redemption Dates: N/A
Redemption Price(s): N/A
Authorized Denominations (if other than denominations of $1,000 and integral
multiples of $1,000 in excess thereof in U.S. Dollars): N/A
Repayment Date(s): N/A
Repayment Price(s): N/A
(Only applicable to Floating Rate Notes)
Interest Payment Period: Semi-Annually
Interest Payment Dates: 6/1, 12/1
Initial Interest Rate:
Index Maturity:
Base Rate(s):
If LIBOR, Designated LIBOR Page:
[ ] LIBOR Reuters
[ ] LIBOR Telerate
Index Currency:
Interest Reset Period:
Interest Reset Dates:
Spread (plus or minus):
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Calculation Agent:
Original Issue Discount Note:
[ ] Yes [X ] No
(Only Applicable to Original Issue Discount Notes):
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period OID:
Method to Determine Yield to Maturity and Initial Accrual Period OID:
Trade Date: 1/18/96
Name of Agent: Lehman Brothers, Inc.
Agent's Discount or Commission: $52,500
Net Proceeds to Company: $14,947,500
[X] Agent is Acting as Agent for the Sale of Notes
by the Company at a Price to the Public of
[X] 100% of Principal Amount
[ ] ___% of Principal Amount
[ ] Agent is Purchasing Notes from the Company as Principle
for Resale to investors and Other Purchasers at:
[ ] a fixed initial public offering price of
100% of the Principal Amount
[ ] a fixed initial public offering price of
___% of the Principal Amount
[ ] varying prices relating to prevailing market prices
at time of resale to be determined by Agent
Cusip Number: 90330QBH6
Additional Terms:
