TRANSAMERICA FINANCE CORP
424B2, 1996-03-19
PERSONAL CREDIT INSTITUTIONS
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PRICING SUPPLEMENT NO. 23                       Rule 424(b)(2)
TRADE DATE  March 15, 1996                      Registration No. 33-58365 
(To Prospectus Supplement dated May 15, 1995                     
including the Prospectus dated April 5, 1995)     CUSIP Number: 89350L GV 8

                                $3,000,000,000 
                       TRANSAMERICA FINANCE CORPORATION
                         MEDIUM-TERM NOTES, SERIES E
               Due from 9 Months to 30 Years from Date of Issue


Floating Rate Note ( )                      6.60% Fixed Rate Note(X)  
Senior Medium-Term Note (X)                 Subordinated Medium-Term Note( )
                                                                
Principal Amount:      $25,000,000.00       Issue Price: 100%    
Original Issue Date:   March 20, 1996       Specified Currency: U.S. Dollars
Interest Accrual Date: March 20, 1996       Maturity Date: March 20, 2001
      
Redemption Date(s):  None                   New             Notice of 
Redemption Price(s): N/A                    Maturity        Renewal           
Authorized Denominations (if other than     Date(s):        Date(s): 
denominations of $100,000 and integral                            
multiples of $1,000 in excess thereof                             
in U.S. Dollars):    N/A                                          

Repayment Date(s):   None                   Interest Payment Period: 
Repayment Price(s):  N/A                      Semi-Annual

Original Issue Discount                     Interest Payment Dates:          
Note:  ( ) Yes   (X) No                       March 1 and September 1         
Total Amount of OID:        N/A
Yield to Maturity:          N/A             Global Security: (X)Yes  ( ) No
Initial Accrual Period OID: N/A             Exchange Rate Agent:    N/A
Method Used to Determine                    Historical Exchange Rate:  N/A
Yield to Maturity and Initial
Accrual Period OID:         N/A
                              
(Only applicable to Floating Rate Notes):   Spread (plus or minus):   N/A
  Initial Interest Rate:    N/A             Spread Multiplier:        N/A 
  Index Maturity:           N/A             Maximum Interest Rate:    N/A   
  Base Rate(s):             N/A             Minimum Interest Rate:    N/A 
    If LIBOR, Designated LIBOR Page:        Calculation Rate Agent:   N/A 
    ( ) LIBOR Reuters                                                     
    ( ) LIBOR Telerate                      Name of Agent:ABN AMRO Securities 
                                                          (USA) Inc.
Index Currency:  U.S. Dollars               Agent's Discount or   
Interest Reset Period:      N/A             Commission: $39,750.00
Interest Reset Dates:       N/A             Net Proceeds to Co:  $24,960,250.00

( ) Agent is acting as Agent for the sale of Notes by the Company at a price
to the public of ( ) 100% of Principal Amount   ( ) ____% of Principal Amount

(X) Agent is purchasing Notes from the Company as Principal for resale to
investors and other purchasers at: (X) a fixed initial public offering price
of 100% of the principal amount; ( ) a fixed initial public offering price
of____% of the principal amount; ( ) varying prices relating to prevailing
market prices at time of resale to be determined by Agent.
Additional Terms:  N/A




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