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Pricing Supplement No.1 dated August 15, 1997 Rule 424(b)(3)
(To Prospectus dated July 8, 1996 and File No. 333-05701
Prospectus Supplement dated August 7, 1997)
ADVANTA CORP.
VALUE NOTES SM, SERIES A - FIXED RATE
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<S> <C>
Cusip No.: 00757GAA7 Interest Rate: 7.25%
Aggregate Principal Amount: $2,431,000 Maturity Date: 8/21/2000
Total Agents' Discount or Commission: $24,310 Issue Date: 8/20/97
Net Proceeds to Issuer: $2,406,690 Trade Date: 8/15/97
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<TABLE>
<CAPTION>
Agent's Discount Net Proceeds
Name of Agent Principal Amount or Commission to Issuer
<S> <C> <C> <C>
PaineWebber Incorporated $ 705,000 $ 7,050 $ 697,950
Legg Mason Wood Walker,
Incorporated $1,425,000 $ 14,250 $1,410,750
Sage Rutty & Co. $ 301,000 $ 3,010 $ 297,990
</TABLE>
Interest Payment Dates: September 15, 1997 and the 15th day of each succeeding
calendar month thereafter through and including July
15, 2000 and on the Maturity Date.
Day Count Convention:
[X] 30/360 for the period from 8/20/97 to 8/20/2000
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.
Form: [X] Book Entry
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.
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[ ] Other Provisions:
[X] PaineWebber Incorporated
[X] Legg Mason Wood Walker, Incorporated
[X] Sage Rutty & Co.
