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Rule 424(b)(2)
Registration Statement No. 33-53807
PRICING SUPPLEMENT No. 1, dated September 12, 1994
to Prospectus, dated August 30, 1994
Medium-Term Notes, Series A
(Fixed Rate)
With Maturities of Nine Months or More From Date of Issue
Interest Payable Each February 1 and Form:
August 1 and at Maturity [X] Book Entry [_] Certificated
Issue Price: 100.0% Currency or Currency Unit:
(Check one; if other than U.S.
Agent's Commission: 0.25% Dollars, see attached)
[X] U.S. Dollars (USD or U.S.$)
Original Issue Date: Sept. 19, 1994 [_] European Currency Units (ECU)
[_] Australian Dollars (AUD or AUS$)
Interest Rate Per Annum: 6.93% [_] British Pound (GBP or UK(Pounds))
[_] Canadian Dollars (CAD or CAN$)
Stated Maturity: Sept. 19, 1996 [_] German Marks (DEM or DM)
[_] Italian Lire (ITL or Lire)
Repurchase Price [_] Japanese Yen (JPY or (Yen))
(For Discount Securities): N/A [_] Swiss Francs (CHF or SWFr)
[_] Other__________
Redemption Information: N/A
Currency Determination Agent: N/A
Repayment Information: N/A
Other Provisions: N/A
The aggregate principal amount of this offering is U.S. $10,000,000
(which, if the securities offered hereby are denominated in a currency or
currency unit other than U.S. dollars, is the equivalent, in the
currency units set forth herein, of the principal amount set forth
herein at the Exchange Rate set forth herein) and relates only to
Pricing Supplement No. 1. Debt Securities, including Medium-Term Notes,
Series A, may be issued by the Company in an aggregate initial
offering price of up to U.S. $500,000,000 or the equivalent in foreign
currency or foreign currency units. To date, including this offering,
an aggregate of U.S. $10,000,000 or the equivalent in foreign currency or
foreign currency units of Medium-Term Notes, Series A, and all other
Debt Securities, has been issued.
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Type of Sale: If Principal Transaction, reoffering at:
[_] As Agent [_] varying prices related to prevailing market prices
[X] As Principal at the time of resale
[X] fixed public offering price of 100.0% of Principal
Amount
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