Registration No. 333-59453
Rule 424 (b)(2)
PRICING SUPPLEMENT No. 1 Dated August 12, 1998 (To Prospectus dated
July 28, 1998)
$5,000,000,000
H O U S E H O L D F I N A N C E C O R P O R A T I O N
Medium Term Notes
Due Nine Months or More from Date of Issue
________________
Principal Amount: $250,000,000
Price to Public: 100% Proceeds to HFC: 100%
Issue Date: August 17, 1998
Stated Maturity: September 13, 1999
Redeemable On or After: Not Applicable.
Initial Interest Rate: To be determined on August 14, 1998.
Interest Rate Basis: LIBOR Telerate.
Spread or Spread Multiplier: Minus .05% (- 5 basis points).
Interest Payment Dates: On the 17th day of February, May, August
and November of each year, commencing November 17, 1998, and
the Stated Maturity. If said day is not a Business Day,
payments shall be made on the next succeeding Business Day.
Regular Record Date: The date fifteen (15) calendar days (whether
or not a Business Day) prior to each Interest Payment Date or
the Stated Maturity, as the case may be.
Interest Reset Date: On each Interest Payment Date.
Interest Determination Date: On the second London Business Day
prior to each Interest Payment Date.
Index Maturity: Three months.
Agent: Not Applicable.
Agent's Discount or Commission: Not Applicable.
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