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Rule 424(b)(3)
File No. 333-58723
Pricing Supplement No. 2 Dated: October 8, 1998
(To Prospectus dated July 17, 1998
Prospectus Supplement dated August 28, 1998)
U.S.$5,000,000,000
Heller Financial, Inc.
Medium-Term Notes, Series I
(Registered Notes-Floating Rate)
Due From Nine Months to Thirty Years From Date of Issue
Principal Amount: $100,000,000 Issue Price: 100%
Original Issue Date: October 13, 1998 Stated Maturity Date: October 13,
1999
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 [X] LIBOR [ ] Treasury Rate
[ ] Federal Funds Rate [ ] Prime Rate [ ] Other:
Interest Reset Period: Quarterly
Interest Payment Period: Quarterly
Interest Reset Dates: (If other than as specified in the Prospectus Supplement:
The 13th day of January, April, July and October, beginning January 13, 1999 up
to but excluding the Stated Maturity Date.
Interest Payment Dates: (If other than as specified in the Prospectus
Supplement): The 13th day of January, April, July and October, beginning January
13, 1999 up to and including the Stated Maturity Date.
Interest Determination Date(s): Two London Banking Days prior to each Interest
Reset Date.
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Initial Interest Rate: 5.59375%
Index Maturity: 3 month Libor
Day Count Convention: Act/360
Maximum Interest Rate: N/A Minimum Interest Rate: N/A
Spread (+/-):+.25% 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: .05%
Other Provisions: a) AMOUNT ISSUED TO DATE, PRIOR TO PRICING
SUPPLEMENT NO. 2 UNDER MTN-SERIES I PROGRAM:
$330,000,000.00
b) CUSIP #42333HKL5
Agent: Chase Securities Inc. Credit Suisse First Boston
270 Park Avenue 11 Madison Avenue
New York, New York 10017 New York, New York 10010-3629
