AT&T CAPITAL CORP /DE/
424B3, 1995-05-01
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<PAGE>                        Filed Under Rule 424 (b)(3)
                              Registration Statement No. 33-54359

        SUPPLEMENT NO. 46 TO PROSPECTUS DATED JULY 7, 1994
                 (AS SUPPLEMENTED JULY 14, 1994)

AT&T CAPITAL CORPORATION

Medium Term Notes, Series 2

Due Nine Months or More From Date of Issue.

Issue Price: 100%
  (as a percent of principal amount)

                  Fixed and Floating Rate Notes

                                                  Interest Rate
Range of Maturities                                 Per Annum 
- -------------------                               -------------

From 9 months to less than 1 year .................... Float%

INITIAL FIXING DATE:          05/01/95

INITIAL PAYMENT DATE:         08/03/95

MATURITY DATE:           05/03/96

DAYCOUNT:                ACTUAL/360

INDEX:                   PRIME - 2.80%

SOURCE:                  FEDERAL RESERVE H.15 RELEASE

RESET FREQUENCY:              DAILY

PAYMENT FREQUENCY:       QUARTERLY

PAYMENT:                 3RD OF AUG., NOV., FEB. & MATURITY

INTEREST DETERMINATION:       DAILY RESET, WEIGHTED AVERAGE, PAID QUARTERLY -
                              SOURCE: H15 (519), 2 N.Y. BUSINESS DAYS PRIOR TO
                              PERIOD END DATES

REDEMPTION:                   NON-CALL LIFE

Date of Sale:  04/28/95

Check applicable sentence.

      X  The Notes cannot be redeemed prior to maturity
     ---
         The Notes may be redeemed prior to maturity
     ---
     Redemption Date:              Redemption Price:  
                     -----------                    ------------
                              (as a percent of principal amount)
Repayment:

     Check applicable sentence.  
      X  The Notes cannot be repaid prior to maturity.  
     ---
         The Notes may be repaid prior to maturity.
     ---
     Repayment Date:               Repayment Price:
                     ------------                   ------------
                              (as a percent of principal amount)



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