Conformed
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported) April 25, 1995
Beneficial Corporation
(Exact name of registrant as specified in its charter)
Delaware 1-1177 51-0003820
(State or other jurisdic- (Commission (IRS Employer
tion of incorporation) File Number) Identification No.)
301 North Walnut Street, Wilmington, Delaware 19801
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (302)425-2500
No Change
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events.
On Tuesday, April 25, 1995, Beneficial Corporation, a
Delaware corporation (the "Company"), announced earnings of $20.7
million in the first quarter of 1995 compared with $60.9 million in the
first quarter of 1994. Earnings for the period were reduced by a
$65 million pretax loss recorded in the quarter relating to the refund
anticipation loan ("RAL") business conducted by the Company's
subsidiaries. Net of tax offsets, this amounts to a loss of
approximately $39 million for the RAL business in the quarter compared
with approximately $18 million of aftertax profits for the RAL business
in the first quarter of 1994.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
BENEFICIAL CORPORATION
(Registrant)
By /s/Thomas P. McGough
Thomas P. McGough
Senior Vice President --
Finance and Treasurer
Dated: April 25, 1995
