AMERICAN GENERAL FINANCE CORP
424B3, 1994-10-20
PERSONAL CREDIT INSTITUTIONS
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                                              FILED PURSUANT TO RULE 424(b)(3)
                                                     REGISTRATION NO. 33-43534



PRICING SUPPLEMENT NO. 78
DATED OCTOBER 18, 1994 TO
PROSPECTUS DATED NOVEMBER 1, 1991
AND PROSPECTUS SUPPLEMENT DATED DECEMBER 10, 1992

                     AMERICAN GENERAL FINANCE CORPORATION
                          MEDIUM-TERM NOTES, SERIES C
                                 (FIXED RATE)

              DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE


   X     SENIOR NOTES                                  X      BOOK-ENTRY NOTES
         SENIOR SUBORDINATED NOTES                          CERTIFICATED NOTES


DATE OF ISSUE:    October 25, 1994                       CUSIP NO. 02635P GH 0

                                                                     Per Annum
Principal Amount                 Maturity Date                   Interest Rate


$2,000,000                     October 27, 1997                          7.29%


The  aggregate principal amount of this offering  is $2,000,000.  On April 14,
1994, the  Company increased to  $550,000,000 from $500,000,000  the aggregate
principal amount of  Medium-Term Notes,  Series C ("Notes")  authorized to  be
issued  by the  Company.  To  date, including  this offering,  an aggregate of
$445,800,000 of offers to purchase the Notes has been accepted.

Effective  June 3, 1994,  in connection with  the decision of  Morgan Guaranty
Trust Company of  New York  ("Morgan Guaranty") to  discontinue its  corporate
trust  business, Morgan  Guaranty resigned  as the  Trustee, Paying  Agent and
Security Registrar under the  Indenture under which the Note(s)  being offered
hereby is being issued  and the Company appointed Citibank,  N.A. ("Citibank")
as  the successor  Trustee, Paying  Agent and  Security Registrar  thereunder.
Citibank  is a participant in  the Company's existing  credit arrangements; is
trustee  under other indentures relating  to indebtedness of  the Company; and
has other  banking relationships with  the Company  in the ordinary  course of
business.

Effective January 1,  1993, the  tax withholding percentages  set forth  under
"United States Tax Considerations-Backup Withholding" have been increased from
20% to 31%.

                                                             

THESE SECURITIES HAVE NOT  BEEN APPROVED OR DISAPPROVED BY  THE SECURITIES AND
EXCHANGE  COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION  OR ANY  STATE SECURITIES COMMISSION  PASSED UPON  THE
ACCURACY  OR  ADEQUACY  OF THIS  PRICING  SUPPLEMENT,  THE  PROSPECTUS OR  THE
PROSPECTUS  SUPPLEMENT.   ANY  REPRESENTATION TO  THE  CONTRARY IS  A CRIMINAL
OFFENSE.
<PAGE>





                                              FILED PURSUANT TO RULE 424(b)(3)
                                                     REGISTRATION NO. 33-43534



PRICING SUPPLEMENT NO. 78
DATED OCTOBER 18, 1994 TO
PROSPECTUS DATED NOVEMBER 1, 1991
AND PROSPECTUS SUPPLEMENT DATED DECEMBER 10, 1992

                     AMERICAN GENERAL FINANCE CORPORATION
                          MEDIUM-TERM NOTES, SERIES C
                                 (FIXED RATE)

              DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE


   X     SENIOR NOTES                                  X      BOOK-ENTRY NOTES
         SENIOR SUBORDINATED NOTES                          CERTIFICATED NOTES


DATE OF ISSUE:    October 25, 1994                       CUSIP NO. 02635P GH 0

                                                                     Per Annum
Principal Amount                 Maturity Date                   Interest Rate


$2,000,000                     October 27, 1997                          7.29%


The  aggregate principal amount of this offering  is $2,000,000.  On April 14,
1994, the  Company increased to  $550,000,000 from $500,000,000  the aggregate
principal amount of  Medium-Term Notes,  Series C ("Notes")  authorized to  be
issued  by the  Company.  To  date, including  this offering,  an aggregate of
$445,800,000 of offers to purchase the Notes has been accepted.

Effective  June 3, 1994,  in connection with  the decision of  Morgan Guaranty
Trust Company of  New York  ("Morgan Guaranty") to  discontinue its  corporate
trust  business, Morgan  Guaranty resigned  as the  Trustee, Paying  Agent and
Security Registrar under the  Indenture under which the Note(s)  being offered
hereby is being issued  and the Company appointed Citibank,  N.A. ("Citibank")
as  the successor  Trustee, Paying  Agent and  Security Registrar  thereunder.
Citibank  is a participant in  the Company's existing  credit arrangements; is
trustee  under other indentures relating  to indebtedness of  the Company; and
has other  banking relationships with  the Company  in the ordinary  course of
business.

Effective January 1,  1993, the  tax withholding percentages  set forth  under
"United States Tax Considerations-Backup Withholding" have been increased from
20% to 31%.

                                                             

THESE SECURITIES HAVE NOT  BEEN APPROVED OR DISAPPROVED BY  THE SECURITIES AND
EXCHANGE  COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION  OR ANY  STATE SECURITIES COMMISSION  PASSED UPON  THE
ACCURACY  OR  ADEQUACY  OF THIS  PRICING  SUPPLEMENT,  THE  PROSPECTUS OR  THE
PROSPECTUS  SUPPLEMENT.   ANY  REPRESENTATION TO  THE  CONTRARY IS  A CRIMINAL
OFFENSE.
<PAGE>


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