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Pricing Supplement Dated March 18, 1998 Rule 424(b)(2)
(To Prospectus dated November 12, 1997 and Registration Nos. 333-38003
Prospectus Supplement dated November 12, 1997) and 333-38003-01
PP&L Capital Funding, Inc.
Medium-Term Notes, Series A - Fixed Rate
Unconditionally Guaranteed as to
Payment of Principal, Premium,
if any, and Interest by
PP&L Resources, Inc.
CUSIP No. (69349PAC3)
________________________________________________________________________________
Principal Amount: $60,000,000.00 Interest Rate: 6.375%
Agent(s)' Discount or Commission: $300,000.00 Stated Maturity Date:
March 24, 2003
Net Proceeds to Issuer: $59,700,000.00 Original Issue Date:
March 23, 1998
________________________________________________________________________________
Interest Payment Dates: February 15 and August 15
First Interest Payment Date: August 15, 1998
Redemption:
_X_ The Notes may not be redeemed prior to the Stated Maturity Date.
___ The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Price:
Annual Redemption Percentage Reduction: % until Redemption Percentage
is 100% of the principal amount.
Repayment at the Option of the Holder:
_X_ The Notes may not be repaid at the option of the holder prior to the Stated
Maturity Date.
___ The Notes may be repaid to the Stated Maturity Date at the option of the
holder of the Notes.
Option Repayment Date(s):
Repayment Price:
Form: _X_ Book-Entry ___ Certified
Agent: _X_ Merrill Lynch & Co. $15,000,000.00
_X_ First Chicago Capital Markets, Inc. $15,000,000.00
_X_ Goldman, Sachs & Co. $15,000,000.00
_X_ Morgan Stanley Dean Witter $15,000,000.00
___ Other
Agent acting in the capacity as indicated below:
___ Agent _X_ Principal
If as principal:
___ 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.
If as Agent:
The Notes are being offered at a fixed initial public offering price of
100% of principal amount.
Other Provisions:
