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Rule 424(b)(3)
File No. 333-37285
PRICING SUPPLEMENT NO. 1 DATED JUNE 24, 1998,
(To Prospectus and Prospectus Supplement Dated November 4, 1997)
$100,000,000
KIMCO REALTY CORPORATION
SERIES A MEDIUM-TERM NOTES
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
FIXED RATE NOTES
Interest Rate: 6.73%
Trade Date: June 24, 1998
Issue Price: 100%
Agent's Discount or Commission: $600,000
Net Proceeds to Issuer: $99,400,000
Original Issue Date: June 29, 1998
Stated Maturity Date: June 30, 2005
Interest Payment Dates (if other than April 1 and October 1): N/A
Book Entry: [X] Certificated: [ ]
Authorized Denomination: [X] $1,000 and integral multiples thereof [ ] Other:
Minimum Denomination: [X] $1,000 [ ]Other:
Specified Currency: [X] United States dollars [ ] Other:
Exchange Rate Agent: N/A
Redemption: [X] The Notes cannot be redeemed prior to maturity.
[ ] The Notes may be redeemed prior to maturity, as follows:
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction:
Repayment: [X] The Notes cannot be repaid prior to maturity.
[ ] The Notes may be repaid prior to maturity, as follows:
Optional Repayment Dates:
Additional/Other Terms: None
Addendum Attached: [ ] Yes [X] No
Agent: [X] Merrill Lynch & Co.
[ ] Chase Securities Inc.
[X] First Chicago Capital Markets, Inc.
[X] J.P. Morgan Securities Inc.
[X] Morgan Stanley & Co. Incorporated
[X] Goldman, Sachs & Co.
[ ] Other: