Pricing Supplement Dated September 3, 1998 Rule 424(b)(5)
(To Prospectus dated January 16, 1998 and File No. 333-17847
Prospectus Supplement dated January 16, 1998) Page 1 of 2
ILLINOVA CORPORATION
MEDIUM-TERM NOTES, SERIES A
FIXED RATE
----------------------
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Principal Amount: $30,000,000 Interest Rate: 6.15%
Agents' Discounts
or Commissions: 0.35% Stated Maturity Date: 9/10/01
Net Proceeds
to Issuer: $29,895,000 Original Issue Date: 9/9/98
Registered CUSIP: 452322 AB 6 Default Rate: N/A
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Interest Payment Dates:
[X] February 1 and August 1, commencing February 1, 1999 per the
Prospectus Supplement dated January 16, 1998.
[ ] Other:
Day Count Convention:
[X] 30/360 for the period from September 9, 1998 to September 10,
2001
[ ] Other:
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date: ____________________
Initial Redemption Percentage: ______%
Annual Redemption Percentage Reduction: ___% until Redemption
Percentage is 100% of the principal amount.
Optional Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes may be repaid prior to the Stated Maturity Dated at the
option of the holder of the Notes.
Optional Repayment Dates:
Repayment Price: ___%
Original Issue Discount: [ ] Yes [X] No
Total Amount of OID: _____________________%
Yield to Maturity: _____________________________
Initial Accrual Period: _____________________
Form: [X] Book-Entry [ ] Certificated<PAGE>
Pricing Supplement Dated September 3, 1998 Rule 424(b)(5)
(To Prospectus dated January 16, 1998 and File No. 333-17847
Prospectus Supplement dated January 16, 1998) Page 2 of 2
ILLINOVA CORPORATION
MEDIUM-TERM NOTES, SERIES A
FIXED RATE
----------------------
Agents: [X] Merrill Lynch & Co., $30,000,000 Deliver to DTC #5132
Merrill Lynch, Pierce,
Fenner & Smith Incorporated
Agents Acting in the capacity as indicated below:
Merrill Lynch & Co., Merrill Lynch, Pierce,
Fenner & Smith Incorporated:
[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 varying prices related to
prevailing market prices at the time of resale.
[X] The Notes are being offered at a fixed initial public offering
price of 100% of principal amount.
Specified Currency:
[X] United States dollars
[ ] Other:
Authorized Denomination:
[X] $1,000 and integral multiples thereof
[ ] Other:
Exchange Rate Agent: N/A
Other Provisions:<PAGE>
