PRICING SUPPLEMENT NO. 94-48 Dated January 5, 1995 Rule 424(b)(2)
To Prospectus Supplement Dated December 2, 1994 File No. 33-51833
BENEFICIAL CORPORATION
Medium-Term Notes, Series G
(Book Entry Notes)
J. P. Morgan Securities Inc. purchased $100,000,000 principal amount of
these Medium-Term Notes, Series G, maturing on January 13, 1997, at a
principal price of $99,981,700 for resale to investors from time to time
at prices based on market conditions at the time of resale.
Floating Rate Notes Due 9 Months or More from Date of Issue
Maturity Date: January 13, 1997 Interest Payment Period:
Quarterly
Interest Rate Basis:
Federal Funds Rate Interest Reset Period:
Daily
Specify Other Base Rate: N/A
Interest Reset Dates:
Index Maturity: N/A Each Business Day (as further
described in the Prospectus
Spread: plus 0.28% Supplement) except that the rate
applied to the three business
Spread Multiplier: N/A days prior to maturity or any
Interest Payment Date will be
Maximum Interest Rate: N/A the rate applied to the third
Business Day preceding such
Minimum Interest Rate: N/A maturity or Interest Payment
Date.
Interest Payment Dates:
Each April 13, July 13, October Settlement Date (Issue Date):
13, and January 13, commencing on January 12, 1995
April 13, 1995 through and
including January 13, 1997. Calculation Agent:
BankAmerica National Trust
Initial Interest Rate: Company
Determined as if the Settlement
Date was an Interest Reset Date. Optional Repayment Date(s):
N/A
Interest Determination Date:
The Business Day next preceding Additional Terms:
the Interest Reset Date. For the purposes of the Notes
contemplated hereunder, interest
payments will include interest
accrued to, but excluding, the
Interest Payment Date.
