Rule 424(b)(3)
                              Registration Statement No. 33-52763

Prospectus Supplement No. 1
Dated June 6, 1994

(To Prospectus dated May 16, 1994 and
 Prospectus Supplement dated May 17, 1994)


             INTERNATIONAL LEASE FINANCE CORPORATION

                           $500,000,000
                    Medium-Term Notes, Series G


Principal Amount: $1,000,000

Maturity Date: June 13, 1995

Interest Rate: 5.55%

Redeemable by the Company on or after: Not applicable

Repayable at the option of the holder on: Not applicable

Issue Price: 100%

Type of Note (check one):
     Book-Entry Note   _X__
     Certificated Note ____



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