Rule 424(B)(2)
REGISTRATION STATEMENT NO. 33-52735
PRICING SUPPLEMENT NO. 1, DATED AUGUST 18, 1994
TO PROSPECTUS DATED MARCH 25, 1994
MEDIUM-TERM NOTES, SERIES A
(FIXED RATE)
DUE FROM NINE MONTHS OR MORE FROM DATE OF ISSUE
INTEREST PAYABLE EACH DEC. 15 AND FORM:
JUNE 15 AND AT MATURITY /X/ Book Entry /_/ Certificated
ISSUE PRICE: 100%
AGENT'S COMMISSION: $100,000 CURRENCY OR CURRENCY UNIT:
(Check one; if other
ORIGINAL ISSUE DATE: AUG. 25, 1994 Dollars, see attached
INTEREST RATE PER ANNUM: 7.90% /X/ U.S. Dollars (USD or U.S$)
/_/ European Currency Units (ECU)
STATED MATURITY: AUG. 25, 2004 /_/ Australian Dollars (AUD OR AUS$)
/_/ British Pounds (GBP or UK L)
REPURCHASE PRICE /_/ Canadian Dollars (CAD or CAN$)
(For Discount Securities): /_/ German Marks (DEM or DM)
/_/ Italian Lire (ITL or Lire)
REPAYMENT INFORMATION: /_/ Japanese Yen (JPY or Y)
/_/ Swiss Francs (CHF or SWFr)
OTHER PROVISIONS: /_/ Other _________________
The aggregate principal amount of this offering is U.S. $16,000,000 (which, if
the securities offered hereby are denominated in a currency or currency unit
other than U.S. dollars, is the equivalent, in the currency or currency units
set forth herein, of the principal amount set forth herein at the Exchange
Rate set forth herein) and relates only to Pricing Supplement No. 1. Medium-
Term Notes, Series A, may be issued by the Company having an aggregate initial
public offering price of up to U.S. $100,000,000 or the equivalent in foreign
currency units. To date, including this offering, an aggregate of U.S.
$16,000,000 or the equivalent in foreign currency or foreign currency units of
Medium-Term Notes, Series A has been issued.
TYPE OF SALE: IF PRINCIPAL TRANSACTION, REOFFERING AT:
/X/ As Agent /_/ varying prices related to prevailing market
/_/ As Principal prices at the time of resale
/_/ fixed public offering price of ___% of
Principal Amount<PAGE>
