Filed Under Rule 424(b)(2)
Registration No. 333-3825
Pricing Supplement No. 4 Dated June 3, 1998
To Prospectus Dated July 23, 1996
Prospectus Supplement Dated July 29, 1996
$20,000,000
ILLINOIS CENTRAL RAILROAD COMPANY
MEDIUM-TERM NOTES, SERIES B
Due from 9 Months or More from Date of Issue
Principle Amount: $20,000,000
(Total Principal Amount Issued to Date: $150,000,000)
Original Issue Date: June 8, 1998
Maturity Date: June 9, 2008
Interest Rate: 6.63%
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: $125,000.00
Additional Agents Include:
Chase Securities, Inc.
Lehman Brothers, Inc.
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