ALCO CAPITAL RESOURCE INC
424B2, 1995-07-21
PAPER & PAPER PRODUCTS
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Pricing Supplement No.  3                                     Filing Under
                      ----                                    Rule 424(b)(2)
(To Prospectus Supplement dated June 30, 1995
 including the Prospectus dated May 18, 1995)

Trade Date: 7/20/95                                           Registration
           -------------------                                File No.
                                                              33-59227



                         Alco Capital Resource, Inc.
- --------------------------------------------------------------------------------

                              Medium Term Notes


CUSIP: 01374QAY4 
      ---------------------------------    
Principal Amount:   12,500,000            Floating Rate Notes: N/A       
                 ----------------------                       ------------------
Interest Rate (if fixed rate): 6.75%                Interest Rate Basis: N/A
                              ---------                                 --------
Interest Payment Date(s):  N/A              -Commercial Paper Rate:   
                         --------------                            ---------- 
    (other than June 15 and December 15)    -Prime Rate:                      
Regular Record Date(s):    N/A                          --------------------- 
                       ----------------     -LIBOR:                           
    (other than May 31 and November 30)            -------------------------- 
Stated Maturity:  7/25/00                   -Treasury Rate:                    
                -----------------------                    ------------------  
Specified Currency:   US Dollars            -CD Rate:                           
                   --------------------              ------------------------ 
Applicable Exchange Rate (if any): N/A      -Federal Funds Rate:              
                                  -----                         ------------- 
   US Dollar $1.00 = N/A                    -Other:                           
                    -------------------            -------------------------- 
Issue Price (as a percentage of                                               
             principal amount):  100%     Index Maturity: N/A                 
                               --------                   --------------------
Selling Agent:                            Spread: N/A                         
  -Lehman Brothers:      X                        ----------------------------
                   ----------------       Spread Multiplier: N/A              
  -Chase Securities, Inc.:                                  ------------------
                          ---------       Maximum Interest Rate: N/A          
  -Goldman, Sachs & Co:                                         --------------
                       ------------       Minimum Interest Rate: N/A          
  -Merrill Lynch & Co:                                          --------------
                      -------------       Initial Interest Rate: N/A          
  -Other:                                                       --------------
         --------------------------         Interest Reset Date(s)
                                            (if semi-annually or annually):    
Selling Agent's Commission (%): .50%                                          
                               --------     ----------------------------------
Purchasing Agent: N/A                          Third Wednesday of: N/A        
                 ----------------------                        ---------------
Purchasing Agent's Discount or                   Interest Reset Date (if 
   Commission (%): N/A                           weekly, monthly, or 
                  ---------------------          quarterly):
Type of Sale:                                               ------------------
        As Agent:  X  As Principal:        Interest Determination Date(s): N/A
                 ----              ----                                 ------
Net proceeds to the Company: 12,437,500    Calculation Date(s): N/A           
                            -----------                        ---------------
Settlement date                            Calculation Agent: N/A             
  (original issue date): 7/25/95                              ----------------
                        ---------------    Interest Payment Date(s): N/A      
Redemption Commencement Date                                        ----------
  (if any):         N/A                     (other than June 15 and December 15)
           ----------------------------    Regular Record Date(s): N/A         
Redemption Period: N/A                                            ------------ 
                  ---------------------     (other than May 31 and November 30)
Exchange Rate Agent: N/A                   Interest Reset Period: N/A          
                    -------------------                          ------------- 
Original Issue Discount Security:                                              
        Yes:    No: X                                                         
            ----   ----                                                         
                                           
Form:                                                          
        Book Entry: X   Certificated:       
                   ---               ---   
Authorized by: /s/ Kathleen M. Burns                             
              ----------------------------------------------------------------
                                                                             
 




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