AMERICAN GENERAL FINANCE CORP
424B3, 1994-08-26
PERSONAL CREDIT INSTITUTIONS
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                                              FILED PURSUANT TO RULE 424(b)(3)
                                                     REGISTRATION NO. 33-43534

PRICING SUPPLEMENT NO. 74
DATED AUGUST 24, 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:   August 31, 1994                         CUSIP NO. 02635P GD 9

                                                                     Per Annum
Principal Amount                 Maturity Date                   Interest Rate

$2,500,000                     September 1, 1997                         6.86%


The aggregate principal  amount of this offering is $2,500,000.   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
$428,800,000 of offers to purchase the Notes has been accepted.

The Notes to which  this Pricing Supplement relates are being  offered through
Smith Barney Inc. as  agent for the Company.   In this connection,  such agent
will  receive a  commission of  .092% of  the principal  amount thereof.   The
Company  has  agreed to  indemnify such  agent  against and  contribute toward
certain liabilities, including liabilities under  the Securities Act of  1933.
The Company has  agreed to reimburse  such agent for  certain expenses.   Such
agent may engage in transactions with, or perform services for, the Company in
the ordinary course of business.

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%.
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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.
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