XTRA INC
424B5, 1995-08-22
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<PAGE>   1
                      Filed pursuant to Rule 424(b)(5):
                              File No. 33-43481
                              File No. 33-54747

        Pricing Supplement No. 31 dated August 18, 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:                August 23, 1995
Principal amount:                    $12,000,000
Book Entry:                          X
Certificated:                        N/A
Interest Rate (if fixed rate):       6.925%
Stated Maturity:                     August 23, 2000
Issue price (as a percentage of 
  principal amount):                 N/A
Selling Agent's commission (%):      .500%
Purchasing Agent's discount or
  commission (%):                    N/A
Net Proceeds to the Company (%):     $11,940,000
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 Multipler:
    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.





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