Filed pursuant to Rule 424(b)(5):
File No. 33-54747
Pricing Supplement No. 38 dated December 21, 1995 (to Prospectus Supplement
dated March 2, 1995 and Prospectus dated February 28, 1995).
XTRA, Inc.
Series C Medium-Term Notes
Due From 9 Months to 30 Years
From Date of Issue
Guaranteed as to Payment
of Principal, Premium,
if any, and Interest by
XTRA Corporation
and
XTRA Missouri, Inc.
_______________________________________________
Original Issue Date: December 27, 1995
Principal amount: $5,000,000
Book Entry: X
Certificated: N/A
Interest Rate (if fixed rate): 6.53%
Stated Maturity: January 15, 2004
Issue price (as a percentage of principal amount): N/A
Selling Agent's commission (%): .600%
Purchasing Agent's discount or commission (%): N/A
Net Proceeds to the Company (%): $4,970,000
Initial Redemption Date (if any): N/A
Redemption Prices: N/A
Interest Payment Dates: April 1 and October 1
Regular Record Dates: March 15 and September 15
Floating Rate Notes:
Interest Rate basis (if floating):
___Commercial Paper
___Prime Rate
___LIBOR
___Treasury Rate
___CD Rate
___Federal Funds Rate
___Other
Index Maturity:
Spread:
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Interest Reset Date:
Initial Interest Rate:
Interest Determination Date(s):
Calculation Date(s):
Calculation Agent:
Use of Proceeds:
The proceeds of the Note will be used to repay in part outstanding short-
term borrowings under a Revolving Credit and Term Loan Agreement with Bank
of America, National Trust and Savings Association, as Agent. The
maturity date of the revolving period under the Revolving Credit Agreement
is June 30, 1997, with final maturity of the term period on June 30, 2002.
The current interest rate on borrowings to be repaid is 6.0%. Borrowings
under the Revolving Credit and Term Loan Agreement being repaid were
used to finance capital expenditures and working capital needs as well
as the acquisition of certain assets of Matson Leasing Company.
