Registration No. 33-49971
Rule 424 (b)(2)
Pricing Supplement No. 051
Dated: June 07, 1994
Caterpillar Financial Services Corporation
Medium-Term Notes, Series E
(Fixed Rate)
With Maturities of 9 Months or More from Date of Issue
Interest payable each April 1 and October 1 and at
Maturity
Principal Amount: Interest Rate: Maturity
Date:
$10,000,000. 6.32% 08/01/96
Original Issue Date: Specified Currency Option to
Elect
06/14/94 (if other than U.S. Payment in
U.S. dollars
dollars): N/A (only
applicable if
Specified
Currency is
other than
U.S. dollars):
N/A
The Note is a: Authorized Denominations
x Global Note (only applicable if
_ Certificated Note Specified Currency is other
(only applicable if than U.S. dollars): N/A
Specified Currency
is other than U.S.
dollars) Exchange Rate Agent
(if other than Morgan Guaranty
Trust Company of New York): N/A
Original Issue Total Amount of OID: N/A Terms of
Amortizing
Discount Note: Notes: N/A
Yes x No Issue Price (expressed
as a percentage of
aggregate principal
amount): 100%
Redemption Date(s) (including Redemption
Price(s): N/A
any applicable regular or
special record dates): N/A
Repayment Date(s) (including Repayment
Price(s): N/A
any applicable regular or
special record dates): N/A
Interest Rate Reset Option: _ Yes X No
Optional Reset Dates (only applicable if option to reset interest
rate): N/A
Basis for Interest Rate Reset (only applicable if option to reset
interest
rate): N/A
Stated Maturity Extension Option: _ Yes x No
Extension Period(s) and Final Maturity Date (only applicable if
option to
extend stated maturity): N/A
Basis for Interest Rate During Extension Period (only applicable
if option to
extend stated maturity): N/A
Historical Exchange Rate (only applicable if Specified Currency
other than
U.S. dollars): N/A
The interest rates on the Notes may be changed by
Caterpillar Financial
Services Corporation from time to time, but any such change will
not affect
the interest rate on any Note ordered prior to the effective date
of the
change. Prior to the date of this Pricing Supplement, $ 917.75MM
principal
amount of the Notes had been sold at interest rates then in
effect.
_________________________________
Pricing Supplement to Prospectus Supplement dated August 27,
1993
and Prospectus dated August 19, 1993
