<PAGE>
Pricing Supplement No. 40 Filing Under
Rule 424(b)(2)
(To Prospectus Supplement dated July 1, 1994
including the Prospectus dated June 29, 1994)
Trade Date: 6/22/95 Registration
------------------- File No.
33-53779
Alco Capital Resource, Inc.
- --------------------------------------------------------------------------------
Medium Term Notes
CUSIP: 01374QAU2
---------------------------------
Principal Amount: $ 13,000,000 Floating Rate Notes: N/A
---------------------- -------------------
Interest Rate (if fixed rate): 6.20% 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) --------------------------
Stated Maturity: 6/29/98 -Treasury Rate:
----------------------- ------------------
-------------------- -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: --------------------
-Lehman Brothers: Spread: N/A
---------------- ----------------------------
-Chase Securities, Inc.: Spread Multiplier: N/A
--------- ------------------
-Goldman, Sachs & Co: Maximum Interest Rate: N/A
------------ --------------
-Merrill Lynch & Co: X Minimum Interest Rate: N/A
------------- --------------
-Other: Initial Interest Rate: N/A
-------------------------- --------------
Interest Reset Date(s)
Selling Agent's Commission (%): .35% (if semi-annually or annually):
--------
Purchasing Agent: N/A -------------------------------------
---------------------- Third Wednesday of: N/A
Purchasing Agent's Discount or ----------------
Commission (%): N/A Interest Reset Date (if weekly,
--------------------- monthly, or quarterly):
Type of Sale: ----------
As Agent: X As Principal: Interest Determination Date(s): N/A
---- ---- --------
Net proceeds to the Company:$12,954,500 Calculation Date(s): N/A
----------- -----------------
Settlement date Calculation Agent: N/A
(original issue date): 6/27/95 ------------------
--------------- Interest Payment Date(s): N/A Date
Redemption Commencement -------------
----------------------- (other than June 15 and December 15)
Redemption Period: N/A Regular record Date(s): N/A
--------------------- --------------
Exchange Rate Agent: N/A (other than May 31 and November 30)
------------------- Interest Reset Period: N/A
Original Issue Discount Security: -------------
Yes: No: X
---- ----
Form:
Book Entry: X Certificated
--- ---
Authorized by: /s/ Kathleen M. Burns
-----------------------------