<PAGE>
Pricing Supplement No. 34 Filing Under
--- Rule 424(b)(2)
(To Prospectus Supplement dated June 30, 1995
including the Prospectus dated May 18, 1995)
Trade Date: 5/2/96 Registration
------------------- File No.
33-59227
IKON Capital, Inc. (formerly known as Alco Capital Resource, Inc.)
- --------------------------------------------------------------------------------
Medium Term Notes
CUSIP: 01374QBX5
---------------------------------
Principal Amount: $ 35,000,000 Floating Rate Notes: N/A
---------------------- ------------------
Interest Rate (if fixed rate): 7.05% 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: 5/8/00 -Treasury Rate:
----------------------- ---------------------
Specified Currency: US DOLLARS -CD Rate:
-------------------- ---------------------------
Applicable Exchange Rate (if any): N/A -Federal Funds Rate:
----- ----------------
US Dollar $1.00 = N/A -Other:
------------------- -----------------------------
Issue Price (as a percentage of
principal amount): 100%
-------- Index Maturity: N/A
Selling Agent: ------------------------
-Lehman Brothers: Spread: N/A
---------------- --------------------------------
-Chase Securities, Inc.: X Spread Multiplier: N/A
--------- ---------------------
-Goldman, Sachs & Co: Maximum Interest Rate: N/A
------------ -----------------
-Merrill Lynch & Co: Minimum Interest Rate: N/A
------------- -----------------
-Other: Initial Interest Rate: N/A
-------------------------- -----------------
Interest Reset Date(s)
Selling Agent's Commission (%): .45% (if semi-annually or annually):
--------
Purchasing Agent: N/A -------------------------------------
---------------------- Third Wednesday of: N/A
Purchasing Agent's Discount or ----------------
Commission (%): N/A Interest Reset Date (if weekly,
--------------------- monthly, or quarterly):
Type of Sale: ----------
As Agent: X As Principal: Interest Determination Date(s): N/A
---- ---- --------
Net proceeds to the Company:$ 34,842,500 Calculation Date(s): N/A
------------ -------------------
Settlement date Calculation Agent: N/A
(original issue date): 5/7/96 ---------------------
--------------- Interest Payment Date(s): N/A
Redemption Commencement --------------
Date (if any): N/A Regular Record Date(s): N/A
----------------------- ----------------
Redemption Period: N/A (other than May 31 and November 30)
--------------------- Interest Reset Period: N/A
Exchange Rate Agent: N/A -----------------
-------------------
Original Issue Discount Security:
Yes: No: X
---- ----
Form:
Book Entry: X Certificated:
---- ----
Authorized by: /s/ O. Gordon Brewer, Jr.
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