<PAGE>
Pricing Supplement No. 20 Filing Under
---- Rule 424(b)(2)
(To Prospectus Supplement dated June 4, 1997
including the Prospectus dated May 21, 1997)
Registration
Trade Date: 12/3/97 File No.
--------------- 333-27141
IKON Capital, Inc.
- --------------------------------------------------------------------------------
Medium Term Notes
CUSIP: 45171EAL1
---------------------------------
Principal Amount: 30,000,000 Floating Rate Notes: N/A
---------------------- -------------------
Interest Rate (if fixed rate): 6.33% 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: 12/8/00 -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 (%): .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: 29,895,000 Calculation Date(s): N/A
------------ -------------------
Settlement date (original issue Calculation Agent: N/A
date): 12/8/97 ---------------------
------------------------------- 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
--- ---
Authorized by: /s/ J.F. Quinn
------------------------------------------------------
J.F. Quinn
