XTRA INC
424B5, 1999-04-16
EQUIPMENT RENTAL & LEASING, NEC
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<PAGE>
 
                      Filed pursuant to Rule 424 (b) (5):
                               File No. 33-65293

     Pricing Supplement No. 9 dated April 14, 1999 (to Prospectus Supplement
dated May 19, 1997 and Prospectus dated May 19, 1997).


                                  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

                       --------------------------------
                                        
 
Original Issue Date: April 19, 1999
 
Principal amount: $20,000,000.00
 
Book Entry: X
 
Certificated: N/A
 
Interest Rate (if fixed rate): 5.835%
 
Stated Maturity: May 1, 2000
 
Issue price (as a percentage of principal amount): N/A
 
Selling Agent's commission (%): .150%
 
Purchasing Agent's discount or commission (%): N/A
 
Net Proceeds to the Company (%): $19,970,000.00
 
Initial Redemption Date (if any): N/A
 
Redemption Prices: N/A
 
Interest Payment Dates:  July 15 and January 15
 
Regular Record Dates: July 1 and January 1
<PAGE>
 
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 commercial paper obligations, supported by 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, 1999, with
          final maturity of the term period on June 30, 2004.  The current
          interest rate on borrowings to be repaid is 5.05%.  Borrowings being
          repaid will be used to finance capital expenditures and general
          working capital needs.


Clarification:


          The Second Supplemental Indenture referred to in the Prospectus
          Supplement dated as of May 19, 1997 among XTRA, Inc., XTRA
          Corporation, as Guarantor, and State Street Bank and Trust Company, as
          Trustee, is dated as of May 16, 1997.


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