Pricing Supplement No. 46 Dated January 3, 1995,
to Prospectus Dated August 25, 1993
as Supplemented by Prospectus Supplement Dated
August 26, 1994
ASSOCIATES CORPORATION OF NORTH AMERICA
MEDIUM TERM SENIOR NOTES, SERIES G
$3,000,000 principal amount of the Series G Notes, bearing interest
at 8.50% per annum and maturing on January 3, 2000, are offered by
the Company through Salomon Brothers Inc, which, as agent for the Company,
has agreed to use its best efforts to solicit purchasers of the Notes.
The Notes to which this Pricing Supplement relates will be Fixed Rate
Notes and will be initially issued as Book Entry Notes for settlement on
January 10, 1995.
Prior to this Pricing Supplement, $492,800,000 aggregate principal amount
of the Series G Notes offered pursuant to the Prospectus Supplement
dated August 26, 1994 to the Prospectus dated August 25, 1993 has
been sold at the interest rates then in effect.
Recent Financial Information
The following summary of certain consolidated financial information of the
Company has been derived principally from information and financial statements
contained in the Company's Annual Report on Form 10-K for the year ended
December 31, 1993 and its Quarterly Report on Form 10-Q for the
Nine months ended September 30, 1994 (in millions):
<TABLE>
<CAPTION>
Year Ended or Nine Months Ended
at December 31 or at September 30
1993 1993 1994
(Unaudited)
<S> <C> <C> <C>
Revenue $ 3,689.6 $ 2,722.8 $ 3,176.6
Earnings Before Provision for
Income Taxes $ 834.4 $ 608.6 $ 712.7
Net Earnings $ 523.7 $ 381.3 $ 444.3
Finance Receivables (net of
unearned finance income and
allowance for losses) $25,401.1 $24,669.3 $28,743.9
Stockholders' Equity $ 3,274.2 $ 3,172.2 $ 3,703.0
</TABLE>
