Pricing Supplement No. 16 Dated May 5, 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
$10,000,000 principal amount of the Series H Notes,
bearing interest at 7.125% per annum and maturing
on May 15, 2000, are being sold by the Company to
Morgan Stanley & Co. Incorporated
at a price of 99.919% 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 Morgan Stanley & Co. Incorporated.
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 May 11, 1995.
Prior to this Pricing Supplement, $106,125,000 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 Developments
On April 19, 1995, the Company announced unaudited results for the three
months ended March 31, 1995. Such results, compared to the unaudited results
of operations for the similar period of the prior fiscal year, were as
follows: Revenue - $ 1.3 billion (1995), $1.0 billion (1994); Earnings before
Provision for Income Taxes - $259.6 million (1995), $224.7 million (1994);
and Net Earnings - $ 166.0 million (1995), $140.5 million (1994).
