PRICING SUPPLEMENT NO. 97-28 Dated April 29, 1998 Rule 424(b)(2)
To Prospectus Supplement Dated July 25, 1997 File No. 333-30543
BENEFICIAL CORPORATION
Medium-Term Notes, Series I
(Book Entry Notes)
Chase Securities Inc. purchased $100,000,000 principal amount of these
Medium-Term Notes, Series I, maturing on October 21, 1999, at a principal price
of $100,000,000.00 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: October 21, 1999 Initial Interest Rate:
Determined as if the Settlement
CUSIP Number: 08172M HW9 Date was an Interest Reset Date.
Interest Rate Basis: Interest Reset Dates:
LIBOR Same as Interest Payment Dates
Specify Other Base Rate: N/A Settlement Date (Issue Date):
May 4, 1998
Index Maturity: 3-month
Calculation Agent:
Spread: plus 0.01% The Chase Manhattan Bank
Spread Multiplier: N/A Optional Repayment Date(s):
N/A
Maximum Interest Rate: N/A
Additional Terms:
Minimum Interest Rate: N/A For the purposes of the Notes
contemplated hereunder, interest
Interest Payment Dates: payments will include interest
The 21st day of each February, May, accrued to, but excluding, the
August and November commencing on Interest Payment Date.
August 21, 1998, through and
including the Maturity Date.
