HELLER FINANCIAL INC
424B3, 1995-03-30
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                                                 Rule 424(b)(3)
                                                 File No. 33-58716
 
 
Pricing Supplement No.:   22                     Dated:  March 27, 1995
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)

 
U.S.$2,500,000,000
HELLER FINANCIAL, INC.
MEDIUM-TERM NOTES, SERIES F
(REGISTERED NOTES - FLOATING RATE)
DUE FROM NINE MONTHS TO THIRTY YEARS FROM DATE OF ISSUE
<TABLE> 
<CAPTION> 
<S>                                              <C> 
Principal Amount:   $7,500,000                   Issue Price: 100 %

Original Issue Date: March 31, 1995             Stated Maturity Date: March 31, 1997
</TABLE> 
Form: [X] Book-Entry     [ ] Certificated

Depositary: Depository Trust Company

Specified Currency:  U.S. Dollars
  (If other than U.S. Dollars, see attached)

Option to Receive Payments in Specified Currency: [_] Yes [_] No
  (Applicable only if Specified Currency is other than U.S. Dollars)

Authorized Denominations:
  (Applicable only if Specified Currency is other than U.S. Dollars)

Base Rate: [_] Commercial Paper Rate [_] LIBOR [_] Treasury Rate
  [_] Federal Funds Rate [X] Prime Rate [_] Other:

Interest Reset Period: Daily

Interest Payment Period: Quarterly

Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
Daily, commencing March 31, 1995

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement) March 31, June 30, September 30 and December 31 of each year, 
commencing June 30, 1995

Interest Determination Date(s): Two business days prior to Interest Reset Date
(Source: Fed H15 Report unless the rate for an Interest Reset Date is not yet 
published in Fed H15, in which case the rate for that Interest Reset Date will 
be the rate set forth on Telerate Page 5 under the caption "Bank Rates")
<PAGE>
 
                                                 Rule 424(b)(3)
                                                 File No. 33-58716


Pricing Supplement No.:   22                     Dated: March 27, 1995
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)

Initial Interest Rate:  6.44%

Index Maturity: N/A

Day Count Convention:  Actual/360

Maximum Interest Rate: N/A                       Minimum Interest Rate:  N/A

Spread (+/-):    - .256%                         Spread Multiplier: N/A

Optional Redemption: [_] Yes [X] No
  Initial Redemption Date:
  The Redemption Price shall initially be   % of the principal amount of the
  Note to be redeemed and shall decline at each anniversary of the Initial
  Redemption Date by   % of the principal amount to be redeemed until the
  Redemption Price is 100% of such principal amount.

Optional Repayment: [_] Yes [X] No
  Optional Repayment Dates:
  Optional Repayment Prices:

Repayment Provisions:
  (If other than as specified in the Prospectus Supplement)

Discount Note: [_] Yes [X] No
  Total Amount of OID:
  Yield to Maturity:
  Initial Accrual Period OID:
Calculation Agent: Heller Financial, Inc.
Exchange Rate Agent: N/A
Recognized Foreign Exchange Dealers: N/A
Discount or Commission:  0%

Other Provisions:  a)  AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT
                       NO. 22, UNDER MTN-SERIES F PROGRAM: $487,000,000
                   b)  CUSIP #:  42333HED0

b) Agent:  UBS Securities, Inc.
           299 Park Avenue
           New York, New York 10171-0026


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