HELLER FINANCIAL INC
424B3, 1999-06-03
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                                                            Rule 424(b)(3)
                                                            File No. 333-58723

Pricing Supplement No. 27                                   Dated: June 2, 1999
(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: $30,000,000            Issue Price: 100.00%

Original Issue Date: June 7, 1999        Stated Maturity Date: June 7, 2001

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 7th day of March, June, September and December, beginning September 7, 1999
up to but excluding the Stated Maturity Date.

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement): The 7th day of March, June, September and December, beginning
September 7, 1999 up to and including the Stated Maturity Date.
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Interest Determination Date(s): Two London Banking Days prior to each Interest
Reset Date

Initial Interest Rate: To be determined

Index Maturity: 3 Month Libor

Day Count Convention: Act/360

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

Spread (+/-): +.125%                    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: .095%

Other Provisions:  a)  AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT NO. 27
                       UNDER MTN-SERIES I PROGRAM: $1,973,375,000.00
                   b)  CUSIP #42333HLM2

Agent: Goldman, Sachs & Co.
       85 Broad Street
       27th Floor
       New York, New York 10004


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