Filed Under Rule 424(b)(2)
Registration No. 33-58547
Pricing Supplement No. 3 Dated July 7, 1995
To Prospectus Dated April 24, 1995
Prospectus Supplement Dated May 1, 1995
$50,000,000
ILLINOIS CENTRAL RAILROAD COMPANY
MEDIUM-TERM NOTES, SERIES A
Due from 9 Months or More from Date of Issue
Principal Amount: $50,000,000
(Total Principal Amount Issued to Date: $100,000,000)
Original Issue Date: July 12, 1995
Maturity Date: July 12, 2007
Interest Rate: 6.98%
Redemption:
Check box opposite applicable paragraph.
[ x ] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity.
Commission to be paid to Agents. $312,500.00
Additional Agents include: BA Securities, Inc. and
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
