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Amended and Restated Pricing Supplement dated Rule 424(b)(5)
January 19, 1996 (To Prospectus dated November 6, 1995 File No. 33-63311
and Prospectus Supplement dated November 17, 1995)
This pricing supplement amends and restates the pricing
supplement originally filed on January 11, 1996 with
respect to these Notes.
MCN Investment Corporation
Medium-Term Notes, Series A
Fixed Rate Notes
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Principal Amount: $60,000,000 Interest Rate: 6.32%
Agent's Discount or Commission: 0.600 % Stated Maturity: 02-01-03
Net Proceeds to Issuer: $59,640,000 Original Issue Date: 01-17-96
CUSIP: 55268KAC0
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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: $ 18,000,000
[X] Smith Barney Inc. Amount Placed: 15,000,000
[X] Donaldson, Lufkin & Jenrette
Securities Corporation Amount Placed: 15,000,000
[X] First Chicago Capital Markets, Inc. Amount Placed: 12,000,000*
[ ] Other______________________ Amount Placed: ____________
AGENT ACTING IN THE CAPACITY AS INDICATED BELOW:
[X] Agent* [X] Principal*
*First Chicago Capital Markets, Inc. placed $10,000,000 of the Notes as
principal and $2,000,000 acting in its capacity as Agent.
IF AS PRINCIPAL:
[X] The Notes purchased by First Chicago Capital Markets, Inc. as
principal are being offered at varying prices related to prevailing
market prices at the time of resale.
First Chicago Capital Markets, Inc. purchased $10,000,000 of the
Notes as principal at 99.40% of the principal amount.
[ ] 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
