Pricing Supplement No.1 Dated June 11, 1996,
to Prospectus Dated December 4, 1995
as Supplemented by Prospectus Supplement Dated
May 10, 1996
ASSOCIATES CORPORATION OF NORTH AMERICA
MEDIUM TERM SENIOR NOTES, Series I
$10,000,000 principal amount of the Series I Notes, bearing
interest at 6.80%
per annum and maturing on June 14, 1999, are offered by the
Company through
Donaldson, Lufkin & Jenrette Securities Corporation, 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 June 14,
1996.
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 Quarterly Report on Form 10-Q for the
three months ended March 31, 1996 (in millions):
<TABLE>
<CAPTION>
Three Months
Ended
or at March
31
1995
1996
(Unaudited)
<S> <C> <C>
Revenue $ 1,263.2 $
1,454.2
Earnings Before Provision for
Income Taxes $ 259.6 $
308.8
Net Earnings $ 166.0 $
193.8
Finance Receivables (net of
unearned finance income and
allowance for losses) $31,271.6
$36,370.9
Stockholders' Equity $ 3,961.0 $
4,624.1
</TABLE>
