PRICING SUPPLEMENT NO. 96-28 Dated December 16, 1996 Rule 424(b)(2)
To Prospectus Supplement Dated August 22, 1996 File No. 33-64357
BENEFICIAL CORPORATION
Medium-Term Notes, Series H
(Book Entry Notes)
Bear, Stearns & Co. Inc. purchased $50,000,000 principal amount of
these Medium-Term Notes, Series H, maturing on January 15, 1999, 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 15, 1999 Interest Determination Date:
Same as Interest Reset Date
Interest Rate Basis:
Federal Funds Rate Interest Reset Dates:
Each Business Day (as further
Specify Other Base Rate: N/A described in the Prospectus
Supplement) except that the rate
Index Maturity: N/A applied to the two Business Days
prior to the Maturity Date or
Spread: plus 0.20% any Interest Payment Date will
be the rate applied to the
Spread Multiplier: N/A second Business Day preceding
such Maturity Date or Interest
Maximum Interest Rate: N/A Payment Date.
Minimum Interest Rate: N/A Settlement Date (Issue Date):
December 19, 1996
Interest Payment Dates:
Quarterly on the 15th of each Calculation Agent:
January, April, July and The Chase Manhattan Bank
October, commencing on January
15, 1997, through and including Optional Repayment Date(s):
the Maturity Date. N/A
Initial Interest Rate: Additional Terms:
Determined as if the Settlement For the purposes of the Notes
Date was an Interest Reset Date contemplated hereunder, interest
payments will include interest
accrued to, but excluding, the
Interest Payment Date.
