RULE 424(B)(2)
REGISTRATION STATEMENT
No. 333-43251
PRICING SUPPLEMENT NO. 1
DATED MARCH 16, 1998, TO
PROSPECTUS, DATED FEBRUARY 3, 1998
AND PROSPECTUS SUPPLEMENT, DATED MARCH 5,1998
AMERICAN STORES COMPANY
MEDIUM-TERM NOTES, SERIES B
FIXED RATE
PRINCIPAL AMOUNT: $45,000,000
ISSUE PRICE: 100%
ORIGINAL ISSUE DATE: March 19, 1998
STATED MATURITY DATE: March 20, 2008
CUSIP NO. 03009M BA 3
INTEREST RATE PER ANNUM: 6.50%
INTEREST PAYMENT DATES: March 20 and September 20
RECORD DATES: March 5 and September 5
AMORTIZATION FORMULA: Not applicable
AMORTIZATION PAYMENT DATE(S): Not applicable
AGENT'S DISCOUNT OR COMMISSION: 0.625%
REDEEMABLE AT OPTION OF COMPANY / / Yes / X / No
Initial Redemption Date:
Initial Redemption Price:
Annual Redemption Price Reduction % until Redemption Price is
100% of the principal amount.
REPAYMENT AT OPTION OF HOLDER: / / Yes / X / No
Repayment Date(s):
Repayment Price(s):
DISCOUNT NOTE: / / Yes / X / No
Total OID (per $1,000 principal amount):
Yield to Maturity:
Comparable Yield:
Projected Payment Schedule:
FORM:
/ X / Book-Entry / / Certificated
The aggregate initial offering price of this offering is U.S. $45,000,000 and
relates only to Pricing Supplement No. 1. Net proceeds to the Company, before
deduction of expenses payable by the Company, will be $44,718,750. Medium-Term
Notes, Series B, may be issued by the Company in the aggregate initial offering
price of up to U.S. $500,000,000. To date, including this offering, an
aggregate of U.S. $45,000,000 Medium-Term Notes, Series B, have been issued.
J.P. Morgan & Co.
Merrill Lynch & Co.
Morgan Stanley Dean Witter
Salomon Smith Barney
