ALLERGAN INC
424B2, 1994-09-02
PHARMACEUTICAL PREPARATIONS
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<PAGE>   1
Pricing Supplement Dated September 1, 1994
(To prospectus dated March 4, 1994 and                            Rule 424(b)(2)
Prospectus Supplement dated March 4, 1994)                     File No. 33-69746



                                ALLERGAN, INC.
                        MEDIUM-TERM NOTES - FIXED RATE



<TABLE>
- -----------------------------------------------------------------------------------------------
<S>                                <C>                 <C>
Principal Amount:                  $10,000,000                Interest Rate:  6.80%

Agents' Discount or Commission:        $35,000         Stated Maturity Date:  September 9, 1997

Net Proceeds to Issuer:             $9,965,000          Original Issue Date:  September 9, 1994
- -----------------------------------------------------------------------------------------------
</TABLE>


Interest Payment Dates:    June 15 and December 15

Redemption:
    /X/  The Notes cannot be redeemed prior to the Stated Maturity Date
    / /  The Notes may be redeemed prior to the Stated Maturity Date
         Initial Redemption Date:
         Initial Redemption Percentage:
         Annual Redemption Percentage Reduction: _____% until Redemption
            Percentage is 100% of the principal amount.

Optional Payment:
    /X/  The Notes cannot be repaid prior to the Stated Maturity Date
    / /  The Notes can be repaid prior to the Stated Maturity Date at the option
            of the holder of the Notes.
         Optional Repayment Date(s):
         Repayment Price: _____%

Currency:
          Specified Currency: U.S. dollar
             (if other than U.S. dollars, see attached)
          Minimum Denominations:
             (Applicable only if Specified Currency is other than U.S. dollars)
                
Original Issue Discount:        / /  Yes        /X/  No
          Total Amount of OID:
          Yield to Maturity:
          Initial Accrual Period:

Form:     /x/  Book-Entry        / /  Certificated

Agent:    /X/  Merrill Lynch & Co.

          /X/  J.P. Morgan Securities Inc.

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:











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