<TABLE>
<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 6.10% 6.24%
SUPPLEMENT 2 Years 6.35% 6.50%
DATED 3 Years 6.40% 6.56%
OCTOBER 16, 1995 4 Years 6.60% 6.77%
5 Years 6.65% 6.82%
</TABLE>
$1,000 MINIMUM PURCHASE
Recent Development
On October 12, 1995, Ford Motor Company ("Ford"), the indirect parent
corporation of the Company announced that it is reviewing possible
strategic actions with respect to its Financial Services Group, which
actions could include a partial sale of the Company. If such sale is
consummated, the Company would no longer be wholly owned by Ford.