PRICING SUPPLEMENT NO. 95-38 Dated January 16, 1996 Rule 424(b)(2)
To Prospectus Supplement Dated March 2, 1995 File No. 33-57541
BENEFICIAL CORPORATION
Medium-Term Notes, Series H
(Book Entry Notes)
Morgan Stanley & Co., Incorporated purchased $50,000,000 principal amount
of these Medium-Term Notes, Series H, maturing on January 13, 1998, at a
principal price of $50,000,000 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, 1998 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 0.20% Supplement) except that the rate
applied to the two Business Days
Spread Multiplier: N/A prior to the Maturity Date or
any Interest Payment Date will
be the rate applied to the
Maximum Interest Rate: N/A second Business Day preceding
such Maturity Date or Interest
Minimum Interest Rate: N/A Payment Date.
Interest Payment Dates: Settlement Date (Issue Date):
Quarterly on the 13th of each January 19, 1996
January, April, July and
October, commencing on April Calculation Agent:
13, 1996, through and including Chase Manhattan Bank, N.A.
the Maturity Date.
Optional Repayment Date(s):
Initial Interest Rate: N/A
Determined as if the Settlement
Date was an Interest Reset Date Additional Terms:
For the purposes of the Notes
Interest Determination Date: contemplated hereunder, interest
The Business Day next preceding payments will include interest
each Interest Reset Date. accrued to, but excluding, the
Interest Payment Date.
