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Pricing Supplement dated August 2, 1996 Rule 424(b)(3)
(To Prospectus dated July 8, 1996 and File No. 333-05701
Prospectus Supplement dated July 8, 1996)
ADVANTA CORP.
MEDIUM-TERM NOTES, SERIES C - FIXED RATE
===============================================================================
Principal Amount: $16,000,000 Interest Rate: 6.3840%
Agent's Discount or Commission: $32,000 Stated Maturity Date: 8/7/98
Net Proceeds to Issuer: $15,968,000 Original Issue Date: 8/7/96
Issue Price: 100% Trade Date: 8/2/96
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Interest Payment Dates: The 7th day of each Cusip No.: 00756QBU1
February and August
Day Count Convention:
[X] 30/360 for the period from 8/7/96 to 8/6/98
[ ] Actual/360 for the period from to
[ ] Actual/Actual for the period from to
Redemption:
[X] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage:
Annual Redemption Percentage Reduction: ____% until Redemption
Percentage is 100% of the principal amount.
Optional Repayment:
[X] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at
the option of the holder of the Notes.
Option Repayment Dates:
Repayment Price: ____%
Currency:
Specified Currency: United States Dollars
(If other than U.S. dollars, see attached)
Minimum Denominations:
(Applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount:
[ ] Yes [X] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
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Form:
[X] Book Entry [ ] Certificated
Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as Principal:
[ ] The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering
price of ____% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price of
100% of principal amount.
[ ] Other Provisions:
[ ] Salomon Brothers Inc
[ ] CS First Boston
[ ] Donaldson, Lufkin & Jenrette
Securities Corporation
[X] Merrill Lynch & Co.
