<PAGE>
Pricing Supplement No. 40 Filing Under
----- Rule 424 (b)(2)
(To Prospectus Supplement dated June 30, 1995
including the Prospectus dated May 18, 1995)
Registration
Trade Date: 10/24/96 File No.
------------ 33-59227
IKON Capital, Inc. (formerly known as Alco Capital Resource, Inc.)
- --------------------------------------------------------------------------------
Medium Term Notes
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<S> <C>
CUSIP: 01374QCC0 Floating Rate Notes: N/A
-------------------------------------------- ------------------------------
Principal Amount: 15,000,000 Interest Rate Basis: N/A
--------------------------------- -----------------
Interest Rate (if fixed rate): 6.52% -Commercial Paper Rate:
-------------------- ---------
Interest Payment Date(s): N/A -Prime Rate:
------------------------- --------------------
(other than June 15 and December 15) -LIBOR:
Regular Record Date(s): N/A -------------------------
--------------------------- -Treasury Rate:
(other than May 31 and November 30) -----------------
Stated Maturity: 10/29/99 -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: --------------------------------
------------ Maximum Interest Rate: N/A
-Chase Securities, Inc.: ----------------------------
----- Minimum Interest Rate: N/A
-Goldman, Sachs & Co.: X ----------------------------
------- Initial Interest Rate: N/A
-Merrill Lynch & Co.: ----------------------------
-------- Interest Reset Date(s)
-Other: (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: 14,947,500 Calculation Agent: N/A
---------------------- --------------------------------
Settlement date (original issue date): 10/29/96 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:
----- -----
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Authorized by: /s/ O. Gordon Brewer, Jr.
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