RULE 424(b)(2)
REGISTRATION NO. 33-62629
PRICING SUPPLEMENT NO. 2 DATED FEBRUARY 14, 1996
FRANCHISE FINANCE CORPORATION OF AMERICA
MEDIUM-TERM NOTES DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
This Pricing Supplement accompanies and supplements the Prospectus, dated
October 18, 1995, as supplemented by the Prospectus Supplement, dated February
9, 1996.
The Notes have the following terms (as applicable):
Principal Amount: $25,000,000
Registered Holder: Cede & Co.
Taxpayer Identification No.: 13-2555119
Form of Notes: [X] Book Entry/Global
[ ] Certificated
Agent's Discount or Commission: .600%
Net Proceeds to Issuer: $24,850,000
Fixed Rate Medium-Term Note:
Original Issue Price: 100%
Original Issue Date: February 20, 1996
Interest Accrual Date: February 20, 1996
Interest Rate Per Annum: 7.02%
Interest Payment Dates: May 30 and November 30
Denominations: $1,000
Stated Maturity Date: February 20, 2003
Redemption Date(s): None
Redemption Price(s): Not Applicable
Notice of Redemption: Not Applicable
Optional Repayment Date(s): None
Optional Repayment Price(s): Not Applicable
Notice of Optional Repayment: Not Applicable
Default Rate: Not Applicable
Original Issue Discount: [ ] Yes [X] No
Record Date: May 15 and November 15
Agent: [X] Merrill Lynch & Co.
[X] NationsBanc Capital Markets, Inc.
[ ] Smith Barney Inc.
Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as Principal:
[ ] The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering
price of 100% of Principal Amount.
If as Agent:
The Notes are being offered at a fixed initial public offering
price of 100% of Principal Amount
