FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-28925
PRICING SUPPLEMENT NO. 56
DATED NOVEMBER 17, 1998 TO
PROSPECTUS DATED JULY 2, 1997
AND PROSPECTUS SUPPLEMENT DATED AUGUST 5, 1997
AMERICAN GENERAL FINANCE CORPORATION
MEDIUM-TERM NOTES, SERIES E
(FIXED RATE)
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
Principal Amount: $10,000,000
Date of Issue: November 20, 1998
Agent's Discount or Commission: $9,000
Maturity Date: November 20, 2001
Net Proceeds to Issuer: $9,991,000
Interest Rate: 5.74%
Form: [ X ] Book-Entry Cusip No.: 02635PNK5
[ ] Certificated
Agent: Morgan Stanley
Capacity: [ X ] Agent
[ ] Principal
If as Agent: The Notes are being offered at a fixed initial
public offering price of 100% of Principal Amount.
If as Principal:
[ ] The Notes are being offered at varying prices related
to prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public
offering price of ______________% of Principal Amount.
We are offering the Notes on a continuing basis through
American General Securities Incorporated, Lehman Brothers,
Merrill Lynch & Co., J.P. Morgan & Co. and Salomon Smith
Barney, as agents, each of which has agreed to use its
reasonable best efforts to solicit offers to purchase Notes.
We may also accept offers to purchase Notes through other
agents. See "Plan of Distribution of Notes" in the
accompanying Prospectus Supplement. To date, including the
Notes described by this Pricing Supplement, we have accepted
$673,992,000 aggregate principal amount of offers to purchase
Notes.
_________________________________
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved the Notes
or determined if the Prospectus, the Prospectus Supplement or
this Pricing Supplement is truthful or complete. Any
representation to the contrary is a criminal offense.
