INTERNATIONAL LEASE FINANCE CORP
424B3, 1999-05-14
EQUIPMENT RENTAL & LEASING, NEC
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                                                            Rule 424(b)(3)
                                       Registration Statement No. 333-74095

Pricing Supplement No. 1
Dated May 13, 1999

(To Prospectus dated March 19, 1999 and
Prospectus Supplement dated March 19, 1999)


                  INTERNATIONAL LEASE FINANCE CORPORATION

                              $750,000,000
                        Medium-Term Notes, Series K

Principal Amount: $25,000,000

Issue Price: $25,000,000

CUSIP: 45974VWP9

Settlement Date:        May 18, 1999

Stated Maturity (date): June 15, 2001

Interest Rate: 5.6500%

Overdue Rate (if any): Not applicable

Redeemable by the Company on or after: Not applicable

Repayable at the option of the holder on: Not applicable

Optional Reset Dates: Not applicable

Extension Periods: Not applicable

Final Maturity: Not applicable

Repurchase Price (for Original Issue Discount Notes): Not applicable

Type of Note (check one):
      Book-Entry Note  _X___
      Certificated Note____

Other Provisions:




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