ASSOCIATES FIRST CAPITAL CORP
424B3, 1995-03-24
PERSONAL CREDIT INSTITUTIONS
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<CAPTION>
                                                                           Effective Annual Yield if
                                                                           Interest Compounded 
                                                                           Quarterly
                                                  Interest Rate            and Paid Annually 
                      Note Maturity               Per Annum                or at Maturity
                      ------------         -------------         ----------------------
<S>                   <C>                         <C>                      <C>.
                       1 Year                      6.85%                    7.03%
SUPPLEMENT             2 Years                     7.40%                    7.61%
DATED                  3 Years                     7.60%                    7.82%
March 24, 1995         4 Years                     8.03%                    8.03%
                       5 Years                     8.08%                    8.08%          
                     

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              $1,000 MINIMUM PURCHASE
                                            
                                         
------------------------  
   

FINANCIAL INFORMATION AS OF DECEMBER 31, 1994

The following summary of certain consolidated financial
information supplements the corresponding information 
set forth on Page S-2 and is principally derived from the 
Company's Annual Report on Form 10-K for the 
year ended December 31, 1994 to which reference should 
be made for the detailed information and financial information 
contained therein. (Dollar Amounts in Millions)

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<CAPTION>                                                        

                                          Year Ended or at December 31
                                               1993       1994 
                                       
                                    
     
<S>                                       <C>           <C>
Revenue                                    $ 3,705.6     $ 4,405.3
Earnings Before Provision for 
  Income Taxes                             $   751.8     $   888.0
Net Earnings                               $   470.1     $   548.1
Finance Receivables (net of unearned
  finance income and allowance for losses) $25,555.9     $30,231.7
Stockholder's Equity                       $ 2,506.4     $ 2,959.9
Ratio of Earnings to Fixed Charges              1.56          1.57
        
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