Registration No. 33-54239
Rule 424 (b)(2)
Pricing Supplement No. 059
Dated: May 30, 1995
Caterpillar Financial Services Corporation
Medium-Term Notes, Series E
(Floating Rate)
With Maturities of 9 Months or More from Date of Issue
Principal Amount: Initial Interest Rate: Maturity
Date:
$15,000,000. 6.1625% 7/9/97
Original Issue Date: Index Maturity: Spread +/-:
05/31/95 Quarterly +15.0 b.p.
Specified Currency: Option to Elect Payment Authorized
Denominations
x U.S. dollars in U.S. dollars (only
applicable if
_ Other:___________ (only applicable if Specified
Currency is
Specified Currency is other than
U.S.
The Note is a: other than U.S. dollars): dollars):
X Global Note N/A N/A
_ Certificated Note
(only applicable if
Specified Currency Exchange
Rate Agent
is other than U.S. dollars) (if other
than Morgan
Guaranty
Trust Company
of New
York): N/A
Spread
Multiplier: N/A
Interest Rate Basis or Bases: 3 mo. LIBOR
LIBOR Source (only applicable if LIBOR Interest Rate Basis):
Reuters x Telerate
Maximum Interest Rate: N/A Interest Payment Period:
Quarterly
Interest Payment Dates: The 8th day of each January, April, July
and October.
Minimum Interest Rate: N/A
Interest Rate Reset Option: _ Yes x No
Optional Reset Dates (only applicable if option to reset spread
or spread
multiplier): N/A
Basis for Interest Rate Reset (only applicable if option to reset
spread or
spread multiplier): N/A
Minimum Interest Rate: N/A Interest Payment Dates:
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
Interest Payment Dates: The 8th day of each January, April, July
and October.
Interest Determination Dates: Two London Business Days prior to
each reset
date.
Calculation Agent (if other than Bank of America National Trust
Company of
New York): N/A
Original Issue Discount Note: Total Amount of OID: N/A Terms of
Amortizing
__ Yes x No Notes:
N/A
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
Other Terms: 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, $965.60MM
principal
amount of the Notes had been sold at interest rates then in
effect.
Morgan Guarantee Trust Company of New York has resigned as
Trustee under the
Indenture and as agent under the Determination Agency Agreement,
the Issuing
and Calculation Agent Agreement and the Exchange Rate Agency
Agreement
(together, the "Agency Agreements"). BankAmerica National Trust
Company has
accepted appointment as successor trustee under the Indenture and
is vested
with all of the rights, titles, interests, capacities, privileges
duties and
responsibilities of the trustee under the Indenture. BankAmerica
has also
accepted appointment as successor agent under the Agency
Agreements and
assumes all of the duties and obligations of agent under the
Agency
Agreements. BankAmerica National Trust Company's parent, Bank of
America
National Trust and Savings Association maintains a banking
relationship with
the Company and Caterpillar.
_________________________________
Pricing Supplement to Prospectus Supplement dated July 21,
1994
and Prospectus dated June 27, 1994
