<PAGE>
Pricing Supplement No. 28 Filing Under
--- Rule 424(b)(2)
(To Prospectus Supplement dated June 30, 1995
including the Prospectus dated May 18, 1995)
Trade Date: 2/20/96 Registration
------------------- File No.
33-59227
Alco Capital Resource, Inc.
- --------------------------------------------------------------------------------
Medium Term Notes
CUSIP: 01374QBR8
---------------------------------
Principal Amount: $ 5,000,000 Floating Rate Notes: N/A
---------------------- -------------------
Interest Rate (if fixed rate): 5.61% 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: 2/23/99 -CD Rate:
----------------------- ------------------------
Specified Currency: US DOLLARS -Federal Funds Rate:
-------------------- -------------
Applicable Exchange Rate (if any): N/A -Other:
----- --------------------------
US Dollar $1.00 = N/A
-------------------
Issue Price (as a percentage of Index Maturity: N/A
principal amount): 100% ------------------------
-------- Spread: N/A
Selling Agent: --------------------------------
-Lehman Brothers: Spread Multiplier: N/A
---------------- ---------------------
-Chase Securities, Inc.: Maximum Interest Rate: N/A
--------- -----------------
-Goldman, Sachs & Co: X Minimum Interest Rate: N/A
------------ -----------------
-Merrill Lynch & Co: Initial Interest Rate: N/A
------------- -----------------
-Other: Interest Reset Date(s)
-------------------------- (if semi-annually or annually):
Selling Agent's Commission (%): .35% -------------------------------------
-------- Third Wednesday of: N/A
Purchasing Agent: N/A ----------------
---------------------- Interest Reset Date (if weekly,
Purchasing Agent's Discount or monthly, or quarterly):
Commission (%): N/A ----------
--------------------- Interest Determination Date(s): N/A
Type of Sale: --------
As Agent: X As Principal: Calculation Date(s): N/A
---- ---- -------------------
Net proceeds to the Company:$ 4,982,500 Calculation Agent: N/A
----------- ---------------------
Settlement date Interest Payment Date(s): N/A
(original issue date): 2/23/96 --------------
--------------- Regular Record Date(s): N/A
Redemption Commencement ----------------
Date (if any): N/A Interest Reset Period: 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/ Katherine M. Burns - Katherine M. Burns
------------------------------------------------------