<PAGE>
Pricing Supplement No. 33 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 Resoure, Inc.)
- --------------------------------------------------------------------------------
Medium Term Notes
CUSIP: 01374QBW7
---------------------------------
Principal Amount: $ 10,000,000 Floating Rate Notes: N/A
---------------------- -------------------
Interest Rate (if fixed rate): 6.83% 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) -Treasury Rate:
------------------
Stated Maturity: 5/7/99 -CD Rate:
----------------------- ----------------------
Specified Currency: US DOLLARS -Federal Funds Rate:
-------------------- -------------
Applicable Exchange Rate (if any): N/A -Other:
----- --------------------------
US Dollar $1.00 = N/A
------------------- Index Maturity: N/A
Issue Price (as a percentage of --------------------
principal amount): 100% Spread: N/A
-------- ----------------------------
Selling Agent: Spread Multiplier: N/A
-Lehman Brothers: X -----------------
---------------- Maximum Interest Rate: N/A
-Chase Securities, Inc.: -------------
--------- Minimum Interest Rate: N/A
-Goldman, Sachs & Co: -------------
------------ Initial Interest Rate: N/A
-Merrill Lynch & Co: -------------
------------- Interest Reset Date(s)
-Other: Third Wednesday of: N/A
-------------------------- ------------
Selling Agent's Commission (%): .35% Interest Reset Date (if weekly,
-------- monthly, or quarterly):
Purchasing Agent: N/A ----------
---------------------- Interest Determination Date(s): N/A
Purchasing Agent's Discount or --------
Commission (%): N/A Calculation Date(s): N/A
--------------------- -----------------
Type of Sale: Calculation Agent: N/A
As Agent: X As Principal: -------------------
---- ---- Interest Payment Date(s): N/A
Net proceeds to the Company: $ 9,965,000 ------------
------------ (other than June 15 and December 15)
Settlement date Regular Record Date(s): N/A
(original issue date): 5/7/96 --------------
--------------- (other than May 31 and November 30)
Redemption Commencement Interest Reset Period: N/A
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
--- ---
Authorized by: /s/ O. Gordon Brewer, Jr.
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