FILED PURSUANT TO RULE 424(b)(3)
REGISTRATION NO. 333-28925
PRICING SUPPLEMENT NO. 89
DATED SEPTEMBER 9, 1999 TO
PROSPECTUS DATED JULY 2, 1997
AND PROSPECTUS SUPPLEMENT DATED AUGUST 5, 1997
AMERICAN GENERAL FINANCE CORPORATION
MEDIUM-TERM NOTES, SERIES E
(FLOATING RATE)
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
Principal Amount: $200,000,000
Date of Issue: September 14, 1999
Agents' Discount or Commission: $300,000
Maturity Date: September 14, 2001
Net Proceeds to Issuer: $199,700,000
Initial Interest Rate: 5.7625%
Form: [ X ] Book-Entry CUSIP No.: 02635PPT4
[ ] Certificated
Interest Reset Dates: 14th of March, June, September and
December, commencing December 14, 1999
Interest Reset Period: Quarterly
Interest Payment Dates: 14th of March, June, September and
December, commencing December 14, 1999
Regular Record Dates: 15 calendar days prior to each Interest
Payment Date
Spread: +0.25%
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Index Maturity: 3 month
Optional Repayment Date(s): N/A
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
INTEREST RATE BASIS: (check one)
[ ] CD Rate
[ ] Commercial Paper Rate
[ ] CMT Rate:
Designated CMT Telerate Page:____
If Telerate Page 7052:
[ ] Weekly Average
[ ] Monthly Average
Designated CMT Maturity Index:____
[ ] Prime Rate
[ X ] LIBOR:
[ ] LIBOR Reuters
[ X ] LIBOR Telerate
[ ] Treasury Rate
[ ] Federal Funds Rate
[ ] Other _________
Agents: The Notes are being purchased by the Agents
listed below:
Merrill Lynch & Co. $93,000,000
Lehman Brothers Inc. $40,000,000
Salomon Smith Barney $40,000,000
J.P. Morgan Securities Inc. $27,000,000
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
Inc., Merrill Lynch & Co., J.P. Morgan Securities Inc. 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. On December 23, 1998,
we increased to $1,450,000,000 from $1,000,000,000 the
aggregate principal amount of Medium-Term Notes, Series E
authorized to be issued by the Company. To date, including
the Notes described by this Pricing Supplement, we have
accepted $1,369,492,000 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.
