Rule 424(b)(3)
File No. 333-83497
PRICING SUPPLEMENT NO. 1, DATED FEBRUARY 15, 2000
(To Prospectus dated August 20, 1999
and Prospectus Supplement dated October 14, 1999)
NATIONAL FUEL GAS COMPANY
(Medium-Term Notes, Series E)
Trade Date: February 15, 2000
Principal Amount: $150,000,000
Price to Public: 99.761%
Issue Date: February 18, 2000 (the Notes will bear interest from
February 18, 2000)
Maturity Date: February 18, 2003
Interest Rate: 7.30%
Interest Payment Dates: June 1 and December 1, commencing June 1, 2000
Proceeds to National: $149,334,000
Redemption Terms: Non-redeemable
Repayable at the option of holder: Yes No X
---- ---
Repayment Date: N/A
Repayment Price: N/A
Election Period: N/A
Other Terms: N/A
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UNDERWRITING
The purchasers named below (Purchasers) have severally agreed, subject
to the terms and conditions of a Terms Agreement, dated February 15, 2000
("Terms Agreement"), to purchase from National the principal amount of Notes set
forth opposite their respective names.
Purchaser Principal Amount
--------- ----------------
Goldman, Sachs & Co. $ 55,000,000
ABM AMRO Incorporated $ 55,000,000
McDonald Investments Inc.,
a KeyCorp Company $ 40,000,000
------------
Total $150,000,000
============
Under the terms and conditions of the Terms Agreement, National has
agreed that from the date of this Pricing Supplement through the Issue Date set
forth above, it will not offer for sale, issue or sell, or enter into any
agreement to offer for sale, issue or sell, any debt securities of National
having terms substantially similar to those of the Notes.
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