FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 33-55803
PRICING SUPPLEMENT NO. 54
DATED MARCH 19, 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: March 22, 1996 X BOOK-ENTRY NOTES
CERTIFICATED NOTES
CUSIP NO. 02635P JX 2
Per Annum
Principal Amount Maturity Date Interest Rate
$3,000,000 March 22, 1999 6.32%
The aggregate principal amount of this offering is $3,000,000. 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 $480,000,000 of offers to purchase Notes have been accepted.
_____________________________________________
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>
