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Pricing Supplement dated January 11, 1996 Rule 424(b)(5)
(To Prospectus dated November 6, 1995 and File No. 33-63311
Prospectus Supplement dated November 17, 1995)
MCN INVESTMENT CORPORATION
Medium-Term Notes, Series A
Fixed Rate Notes
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Principal Amount: $80,000,000 Interest Rate: 5.84%
Agent's Discount or Commission: 0.350% Stated Maturity: 02-01-99
Net Proceeds to Issuer: $79,720,000 Original Issue Date: 01-17-96
CUSIP: 55268KAA4
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INTEREST PAYMENT DATES: February 1 and August 1
REGULAR RECORD DATES: January 15 next preceding a February 1 Interest
Payment Date or July 15 next preceding an August 1
Interest Payment Date.
REDEMPTION:
[X] The Notes cannot be redeemed prior to Stated Maturity
[ ] The Notes may be redeemed prior to Stated Maturity
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: _______% until Redemption
Percentage is 100% of the principal amount.
OPTIONAL REPAYMENT:
[X] The Notes cannot be repaid prior to Stated Maturity
[ ] The Notes can be repaid prior to Stated Maturity at the option of the
holder of the Notes.
Optional Repayment Dates:
Repayment Price: _____%
ORIGINAL ISSUES DISCOUNT: [ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
FORM: [X] Book-Entry [ ] Certificated
AGENT(S): [X] Merrill Lynch & Co. Amount Placed: $ 24,000,000
[X] Smith Barney Inc. Amount Placed: 20,000,000
[X] Donaldson, Lufkin & Jenrette
Securities Corporation Amount Placed: 20,000,000
[X] First Chicago Capital Markets, Inc. Amount Placed: 16,000,000
[ ] Other _____________________ Amount Placed: ______________
AGENT ACTING IN THE CAPACITY AS INDICATED BELOW:
[X] Agent [ ] Principal
IF AS PRINCIPAL:
[ ] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering
price of ____% of Principal Amount.
IF AS AGENT:
The Notes are being offered at a fixed initial public offering price of
100% of Principal Amount.
OTHER PROVISIONS: N/A
