HELLER FINANCIAL INC
424B3, 1995-06-12
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                                                                  Rule 424(b)(3)
                                                               File No. 33-58716

Pricing Supplement No. 29         Dated: June 8, 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

Principal Amount: $50,000,000             Issue Price: 100%

Original Issue Date: June 13, 1995        Stated Maturity Date: June 13, 1997

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
           [X] Federal Funds Rate [_] Prime Rate [_] Other:
     Source: Federal Reserve statistical release H.15 (519), under the heading
     "Federal funds (effective)"
     Backup Source: Telerate Page 120

Interest Reset Period: Daily; provided that the Base Rate for the two business
days immediately preceding each Interest Payment Date shall be equal to the Base
Rate calculated for the second business day immediately preceding the applicable
Interest Payment Date.

Interest Payment Period: Quarterly
<PAGE>
 
                                                                  Rule 424(b)(3)
                                                               File No. 33-58716

Pricing Supplement No. 29                             Dated: June 8, 1995
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)


Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
Daily -Weighted average; provided that the Base Rate for the two business days
immediately preceding each Interest Payment Date shall be equal to the Base Rate
calculated for the second business day immediately preceding the applicable
Interest Payment Date.

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement) The 13th of June, September, December and March of each year
commencing on September 13, 1995, up to and including maturity.

Interest Determination Date(s): Daily -Weighted average; provided that the Base
Rate for the two business days immediately preceding each Interest Payment Date
shall be equal to the Base Rate calculated for the second business day
immediately preceding the applicable Interest Payment Date.

Initial Interest Rate: To be determined

Index Maturity: Daily

Day Count Convention: Actual/360

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

Spread (+/-):  + .18%                           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: .10%


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