Rule 424(b)(3)
Registration No. 333-68885
PRICING SUPPLEMENT NO. 1 DATED JUNE 9, 1999
(To Prospectus Dated January 5, 1999 as supplemented
by Prospectus Supplement Dated May 7, 1999)
U. S. $400,000,000
CSX CORPORATION
Medium-Term Notes, Series C
Principal Amount: $250,000,000 Redemption Terms (at option of CSX)
------------ [X] Not redeemable prior to Stated
Maturity
Issue Price (Dollar Amount and [ ] Redeemable in accordance with the
Percentage of Principal Amount): following terms:
$250,000,000; 100%
- ------------------ Repayment Terms (at option of the
Holder):
Settlement Date (Issue Date):
6/11/1999 [X] Not repayable prior to Stated
- --------- Maturity
[ ] Repayable in accordance with the
Stated Maturity: 6/15/2000 following terms:
---------
Sinking Fund Provisions:
Type of Note: [X} None
[ ] Fixed Rate Note [ ] Applicable in accordance with the
[X] Floating Rate Note following terms
[ ] Inverse Floating Rate Note
[ ] Zero Coupon Note Specified Currency (U.S. dollars, unless
[ ] Foreign Currency Note otherwise indicated):
[ ] Indexed Note -------------------
Form: Agents: Goldman Sachs
-------------
[X] Book Entry
[ ] Definitive Agents acting in capacity indicated
below:
CUSIP No: 12641L BW 2
------------ [X] As Agent
[ ] As Principal
Interest Rate Index: LIBOR - Telerate
----------------
Agent's Commission: $- 0 -
Index Maturity: 3 months -------
--------
Net Proceeds to CSX: $250,000,000
Spread: Plus 28 Basis Points -----------
--------------------
Other:
Designated LIBOR Page: 3750
----
Initial Interest Rate: 5.38%
-----
Interest Payment Dates: Quarterly on
------------
the 15th day of each March, June,
- ---------------------------------
September and December
- ----------------------
Interest Reset Dates: Quarterly on
------------
the 15th day of each March, June,
- ---------------------------------
September and December
- ----------------------
Interest Determination Dates: 2nd
---
London Market Day preceding Interest
- ------------------------------------
Reset Date
- ----------
