<PAGE>
Pricing Supplement No. 1 Filing Under
--- Rule 424(b)(2)
to Prospectus Supplement dated July 1, 1994
(which includes Prospectus dated June 29, 1994)
Trade Date: 7/11/94 Registration
------------------- File No.
33-53779
Alco Capital Resource, Inc.
- --------------------------------------------------------------------------------
Medium Term Notes
CUSIP: 01374QAA6
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Principal Amount: $5,000,000
------------------------------
Interest Rate (if fixed rate): 6.60%
-----------------
Stated Maturity: 3/29/96
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Specified Currency: US Dollars
----------------------------
Applicable Exchange Rate (if any):
-------------
US Dollar $1.00 = N/A
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Issue Price (as a percentage of
principal amount): 100%
----------------
Selling Agent: Goldman, Sachs & Co.
---------------------------------
Selling Agent's commission: .20%
--------------------
Purchasing Agent: N/A
------------------------------
Purchasing Agent's discount or
commission (%): N/A
-----------------------------
Type of Sale:
As Agent: X As Principal:
---- ----
Net proceeds to the Company: $4,990,000
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Settlement date (original issue date): 7/18/94
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Redemption Commencement Date (if any): N/A
---------
Redemption Period: N/A
-----------------------------
Exchange Rate Agent: N/A
---------------------------
Original Issue Discount Security:
Yes: No: X
---- ----
Form:
Book Entry: X Certificated
--- ---
Floating Rate Notes: N/A
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Interest Rate Basis: N/A
---------------------
-Commercial Paper Rate:
-----------------
-Prime Rate:
----------------------------
-LIBOR:
---------------------------------
-Treasury Rate:
-------------------------
-CD Rate:
-------------------------------
-Federal Funds Rate:
--------------------
-Other:
---------------------------------
Index Maturity: N/A
--------------------------------
Spread: N/A
----------------------------------------
Spread Multiplier: N/A
-----------------------------
Maximum Interest Rate: N/A
-------------------------
Minimum Interest Rate: N/A
-------------------------
Initial Interest Rate: N/A
-------------------------
Interest Reset Date(s)
(if semi-annually or annually):
---------------------------------------------
Third Wednesday of: N/A
------------------------
Interest Reset Date (if weekly,
monthly, or quarterly):
------------------
Interest Determination Date(s): N/A
----------------
Calculation Date(s): N/A
---------------------------
Calculation Agent: N/A
-----------------------------
Interest Payment Date(s): N/A
----------------------
Regular Record Date(s): N/A
------------------------
Interest Reset Period: N/A
-------------------------
Authorized by: /s/ Kathleen M. Burns
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