HORRIGAN AMERICAN INC
424B3, 1995-07-05
PERSONAL CREDIT INSTITUTIONS
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                                         Registration No. 33-58149
                                         Filed pursuant to Rule 424(b)(3)
                                         Supplement to prospectus dated 4-28-95
                                         Dates of Previous supplements  5-01-95
                                                                        6-01-95




                           HORRIGAN AMERICAN, INC.


                         Supplement dated July 1, 1995
                                          ------------
                    to Prospectus dated April 28, 1995.


         The rates of interest on 1995 Series 8, A, B and C Certificates
    issued from July 1, 1995 through July 31, 1995 will be as follows:
                ------------         -------------
       

               Series 8               8 years               7.45%
                                                            -----

               Series A               4 years               7.15%
                                                            -----

               Series B              30 months              7.05%
                                                            -----

               Series C               1 year                6.70%
                                                            -----

         The rate of interest payable from July 1, 1995 through
                                           ------------
    July 31, 1995 on the Passbook Series Certificate is 4.35%.
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