Pricing Supplement No. 50 Dated July 25, 1995, to
Prospectus Dated November 9, 1994 as Supplemented by Prospectus
Supplement Dated March 22, 1995
ASSOCIATES CORPORATION OF NORTH AMERICA MEDIUM TERM SENIOR NOTES,
SERIES H
$22,000,000 principal amount of the Series H Notes,
bearing interest at 6.90% per annum and maturing
on July 29, 2002, are being sold by the Company to
CS First Boston Corporation
at a price of 99.859% of their principal amount.
Such Notes may be offered to the public at varying prices
depending upon market conditions at the time of resale,
as determined by CS First Boston Corporation.
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 July 28, 1995.
Prior to this Pricing Supplement, $438,725,000 aggregate
principal
amount of the Series H Notes offered pursuant to the Prospectus
Supplement dated March 22, 1995 to the Prospectus dated
November 9, 1994 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, 1994 and its Quarterly Report on Form 10-Q for the
three months ended March 31, 1995 (in millions):
<TABLE>
<CAPTION>
Year Ended or Three Months
Ended
at December 31 or at March
31
1994 1993
1994
(Unaudited)
<S> <C> <C> <C>
Revenue $ 4,387.9 $ 1,014.5 $
1,263.2
Earnings Before Provision for
Income Taxes $ 972.6 $ 224.7 $
259.6
Net Earnings $ 603.5 $ 140.9 $
166.0
Finance Receivables (net of
unearned finance income and
allowance for losses) $30,043.3 $26,167.9
$31,271.6
Stockholders' Equity $ 3,786.1 $ 3,407.6 $
3,961.0
Recent Developments
On July 19, 1995, the Company announced unaudited results for the
six months
ended June 30, 1995. Such results, compared to the unaudited
results of
operations for the similar period of the prior fiscal year, were
as follows:
Revenue - $2.6 billion (1995), $2.1 billion (1994); Earnings
before Provision
for Income Taxes - $534.5 million (1995), $454.9 million (1994);
and Net
Earnings - $338.7 million (1995), $282.5 million (1994).
</TABLE>
