<PAGE> 1
PRICING SUPPLEMENT NO. 10, DATED AUGUST 12, 1994 RULE 424(B)(3)
FILE NO. 33-50547
(TO PROSPECTUS DATED OCTOBER 22, 1993 AND
PROSPECTUS SUPPLEMENT DATED NOVEMBER 12, 1993)
AVCO FINANCIAL SERVICES, INC.
MEDIUM-TERM NOTES, SERIES E
(FLOATING RATE)
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<TABLE>
<S> <C>
Trade Date: August 12, 1994 Initial Interest Rate: Determined as if the Original
Original Issue Date: August 19, 1994 Issue Date were an Interest Reset Date
Principal Amount: $50,000,000 Base Rate: / / CD Rate /X/ Commercial Paper Rate
/ / Federal Funds Rate
Issue Price: See below / / LIBOR-Reuters / / LIBOR-Telerate
Maturity Date: August 21, 1995 / / Treasury Rate / / Other (see
Form: /X/ Book-Entry / / Certificated attached)
Interest Reset Period:
/ / Daily / / Weekly /X/ Monthly
/ / Quarterly / / Semi-Annually
/ / Annually
Interest Reset Dates: Third Wednesday of each month
Interest Payment Period: Monthly
Interest Payment Dates: Third Wednesday of each month,
beginning on 9/21/94
Index Maturity: One Month
Spread (+/-): -5 basis points
Spread Multiplier: N/A
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
</TABLE>
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Redemption:
/X/ The Notes cannot be redeemed prior to maturity
/ / The Notes may be redeemed prior to maturity
<TABLE>
<CAPTION>
REDEMPTION REDEMPTION
DATE(S) PRICE(S)
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<S> <C> <C>
</TABLE>
Repayment:
/X/ The Notes cannot be repaid prior to maturity
/ / The Notes can be repaid prior to maturity at the option of the holder of
the Note
<TABLE>
<CAPTION>
REPAYMENT REPAYMENT
DATE(S) PRICE(S)
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<S> <C> <C>
</TABLE>
Original Issue Discount Note: / / Yes /X/ No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
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Agent: / / Merrill Lynch & Co.
/X/ Morgan Stanley & Co. Incorporated
/ / Salomon Brothers Inc
/ / Other:
Agent acting in the capacity as indicated below:
/ / Agent /X/ Principal
If as principal:
/X/ The Notes are being offered at varying prices related to
prevailing market prices at the time of resale. Morgan Stanley &
Co. Incorporated purchased the Notes at 99.9509% of principal
amount.
/ / The Notes are being offered at a fixed initial public offering
price of % of principal amount.
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