FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 33-55803
PRICING SUPPLEMENT NO. 56
DATED OCTOBER 23, 1996 TO
PROSPECTUS DATED DECEMBER 14, 1994
AND PROSPECTUS SUPPLEMENT DATED FEBRUARY 13, 1995
AMERICAN GENERAL FINANCE CORPORATION
MEDIUM-TERM NOTES, SERIES D
(FIXED RATE)
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
DATE OF ISSUE: October 28, 1996 X BOOK-ENTRY NOTES
CERTIFICATED NOTES
CUSIP NO. 02635P JZ 7
Per Annum
Principal Amount Maturity Date Interest Rate
$10,000,000 October 27, 2006 7.10%
The aggregate principal amount of this offering is
$10,000,000. On November 16, 1995, the Company increased to
$800,000,000 from $500,000,000 the aggregate principal amount
of Medium-Term Notes, Series D ("Notes") authorized to be
issued by the Company. To date, including this offering, an
aggregate of $500,000,000 of offers to purchase Notes have
been accepted.
The Notes to which this Pricing Supplement relates are being
offered through ABN-AMRO Securities (USA) Inc. ("ABN-AMRO"),
as agent for the Company. In this connection, ABN-AMRO will
receive a commission of 0.230% 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.
_____________________________________________
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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Writer's Direct No.
(713) 831-1933
October 23, 1996
DELIVERY VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Re: American General Finance Corporation ("Company")
Registration Statement No. 33-55803
Pricing Supplement No. 56
Gentlemen:
On behalf of the Company, an indirect, wholly-owned
subsidiary of American General Corporation, we submit
herewith for filing with the Securities and Exchange
Commission (the "Commission") via EDGAR, pursuant to Rule
424(b)(3) of the General Rules and Regulations promulgated by
the Commission under the Securities Act of 1933, as amended,
Pricing Supplement No. 56 dated October 23, 1996 to the
Company's Prospectus Supplement dated February 13, 1995
included as a part of the above captioned Registration
Statement.
The Pricing Supplement submitted herewith has been
marked to indicate (i) that it is being filed pursuant to
Rule 424(b)(3) and (ii) the registration number to which it
relates.
Very truly yours,
/s/ PAULA G. PAYNE
Paula G. Payne
Senior Counsel
Enclosures
