CATERPILLAR FINANCIAL SERVICES CORP
424B2, 2000-09-15
SHORT-TERM BUSINESS CREDIT INSTITUTIONS
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                                     Registration No. 333-35460
 Filed Pursuant to Rule 424(b)(2)
                                     Pricing Supplement No:001 Cusip:14911QAA9
                                     Dated: September 15,2000


	Caterpillar Financial Services Corporation
	PowerNotessm
	With Maturities of 9 Months or More from Date of Issue

Principal Amount:       Interest Rate:                  Proceed Amount:
$9,871,000               7.00%                           $ 9,796,967.50

Original Issue Date:    Discounts and Commissions:      Maturity Date:
   09/19/2000                   $74,032.50                09/15/2005


Interest Payment        Trade Date:                     Dealer:
Frequency:	 09/14/2000                      ABN AMRO Inc.
X Monthly (beginning 10/15/2000)
__Quarterly
__Semi-annual
__Annual


Original Issue           Total Amount of OID: N/A       Issue Price (expressed
Discount Note:                                          as a percentage of
   Yes    X   No                                         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


Survivor's Option:  x_ Yes    _ No


     The interest rates on the PowerNotessm may be changed by Caterpillar
Financial Services Corporation from time to time, but any such change will not
affect the interest rate on any PowerNotessm offered prior to the effective
date of the change.  Prior to the date of this Pricing Supplement, $0 mm
principal amount of the PowerNotessm had been sold at interest rates then in
effect.

	_________________________________

	Pricing Supplement to Prospectus Supplement
	and Prospectus dated September 8, 2000






DOCSSF1:475832.3
8136-8 DS6



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