PACCAR FINANCIAL CORP, 424B3, 1998-03-25

PACCAR FINANCIAL CORP
424B3, 1998-03-25
SHORT-TERM BUSINESS CREDIT INSTITUTIONS

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<PAGE>

                                                   Filed under Rule 424 (b) (3)
                                                             File No. 333-01623




SUPPLEMENT NO. 38 TO PROSPECTUS DATED MARCH 15, 1996

(AS SUPPLEMENTED MARCH 15, 1996)


                                PACCAR FINANCIAL CORP.

                             MEDIUM-TERM NOTES, SERIES H

                   DUE FROM 9 MONTHS TO 10 YEARS FROM DATE OF ISSUE

           INTEREST PAYABLE EACH MARCH 15 AND SEPTEMBER 15 AND AT MATURITY

<TABLE>
<CAPTION>
                                                             INTEREST RATE
RANGE OF MATURITIES                                            PER ANNUM  
- -------------------                                            ---------
<S>                                                          <C>
More than 30   months to 36   months..............               5.70%  




AGENTS COMMISSION
- -----------------

AGENTS COMMISSION:    0.65%






Dated:  March 23, 1998

Form of Note (check one):     Book Entry    /X/

                              Certificated  / /
</TABLE>

In some instances, one or more of the Agents have purchased the Notes as
principal and may resell the Notes at prices to be determined by such Agents 
at the time of resale.