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Pricing Supplement dated January 13, 1997 Rule 424(b)(5)
(To Prospectus dated March 27, 1996 and File No. 333-01523
Prospectus Supplement dated May 6, 1996)
MCN INVESTMENT CORPORATION
Medium-Term Notes, Series B
Fixed Rate Notes
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Principal Amount: $60,000,000 Interest Rate: 7.12%
Agent's Discount or Commission: 0.600% Stated Maturity: 01-16-04
Net Proceeds to Issuer: $59,640,000 Original Issue Date: 01-16-97
CUSIP: 55268KAF3
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INTEREST PAYMENT DATES: March 1 and September 1
REGULAR RECORD DATES: February 15 next preceding a March 1 Interest
Payment Date or August 15 next preceding a September 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: $ 15,000,000*
[X] Donaldson, Lufkin & Jenrette Amount Placed: 15,000,000*
Securities Corporation
[X] Salomon Brothers Inc Amount Placed: 15,000,000
[X] Smith Barney Inc. Amount Placed: 15,000,000
[ ] Other _____________________ Amount Placed: ______________
AGENT ACTING IN THE CAPACITY AS INDICATED BELOW:
[X] Agent [X] Principal*
Merrill Lynch & Co. and Donaldson, Lufkin & Jenrette Securities
Corporation placed $15,000,000 each of the Notes as principal.
IF AS PRINCIPAL:
[ ] The Notes are being offered at varying prices related to prevailing
market prices at the time of resale.
[X] The Notes are being offered at a fixed initial public offering
price of 100% 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
