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[LOGO] Prospectus Supplement No. 1 Rule 424(b)(2)
File No. 333-11358
Dated: May 23, 2000
$515,000,000
GATX CAPITAL CORPORATION
Medium Term Notes, Series G
With Maturities from Nine Months to
Fifteen Years from Date of Issue
Original Issue Date: May 24, 2000 Floating Rate Notes XX
Original Issue Price: 100 Fixed Rate Notes
Total Amount OID: $50,000,000.00 Book Entry Notes XX
Initial Accrual Period OID: Certified Notes
Maturity Date: May 24, 2002 CUSIP Number 36144T CT2
Applicable Only to Fixed Rate Notes:
Interest Rate:
Applicable Only to Floating Rate Notes:
Interest Rate Basis:
Commercial Paper Rate: Maximum Interest Rate:
__ Federal Funds Rate: Minimum Interest Rate:
__ Treasury Rate: Interest Reset Date: Same as payments
XX LIBOR Interest Reset Period: Quarterly
Interest Payment Date(s): 24th day of February, May, August and November
Initial Interest Rate: 7.445% Interest Payment Period: Quarterly
Index Maturity: Calculation Date: Two business days
prior to payment
Spread (plus or minus) + 62.5 bps Calculation Agent: Chase Manhattan Bank
Redemption at Option of Holder: Yes__ No XXX Redemption Date: N/A
Redemption at Option of Company: Yes__ No XXX Redemption Price: N/A
The note may be redeemed at the option of the Holder on or after the Redemption
Date and at the redemption prices indicated on this Pricing Supplement, in
whole or in part in increments of $1,000 (provided that any remaining principal
amount of this Note shall be at least $1,000), together with interest on the
Note Payable to the Redemption Date, on notice given to the Trustee and the
Company at least 60 days prior to the Redemption Date.
Capitalized terms used herein and not otherwise defined shall have the meanings
ascribed thereto in the Prospectus. The preceding description of the particular
terms of the Notes offered hereby supplements, and to the extent inconsistent
therewith replaces, the description of the general terms and provisions of the
Notes set forth in the Prospectus, to which description reference is hereby
made.
