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Pricing Supplement No. 1 Filing Under Rule 424(b)(5)
Dated: June 5, 1995 Registration No. 33-54820
(To Prospectus, dated April 5, 1995,
as supplemented by Prospectus
Supplement, dated April 5, 1995)
$55,000,000
Indiana Gas Company, Inc.
Medium-Term Notes, Series E
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Principal Amount: $5,000,000 Redeemable: Yes __ No _X_
Original Issue Date: June 9, 1995 Initial Redemption Date: N/A
Interest Rate: 7.15% Redemption Limitation Date: N/A
Overdue Interest Rate: N/A Initial Redemption Price: N/A
Stated Maturity Date: March 15, 2015 Reduction Percentage: N/A
Issue Price: 100% Regular Record Dates: A/S
Agents' Commission: .75% Form:
Proceeds to Company: 99.25% Book Entry (DTC) _X_
Interest Payment Dates: A/S Certificated ____
Repayable at the Option of the Holder: Yes__ No _X_
Optional Repayment Dates: _____N/A_______________
Price to be Repaid (if other than unpaid principal
amount plus accrued interest): ___N/A________________
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Redemption prices (if any): The Initial Redemption Price shall
be __N/A__% of the principal amount of such Notes to be redeemed
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and shall decline on each anniversary of the Initial Redemption
Date by a Reduction Percentage of __N/A__% of the principal
amount to be redeemed until the redemption price shall be 100% of
such principal amount.
Additional terms: N/A
Prior to the date of this Pricing Supplement, the Company
has sold $-0- aggregate principal amount of the Medium-Term
Notes, Series E.
N/A as used herein means "Not Applicable." A/S as used
herein means "As stated in the Prospectus Supplement referred to
above."
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY
THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR
ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PRICING SUPPLEMENT OR THE PROSPECTUS TO WHICH
IT RELATES. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
(X ) Goldman, Sachs & Co. ( ) Merrill Lynch & Co.
