TRANSAMERICA FINANCE CORP
424B2, 1996-09-12
PERSONAL CREDIT INSTITUTIONS
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PRICING SUPPLEMENT NO. 29                     Rule 424(b)(2) 
TRADE DATE  September 10, 1996                Registration No.
33-58365 
(To Prospectus Supplement dated May 15, 1995                   
including the Prospectus dated April 5, 1995) CUSIP Number:
89350L GZ 9 

                                $3,000,000,00 
                       TRANSAMERICA FINANCE CORPORATION 
                         MEDIUM-TERM NOTES, SERIES E 
               Due from 9 Months to 30 Years from Date of Issue 

Floating Rate Note ( )                        7.15% Fixed Rate
Note(X) 
Senior Medium-Term Note (X)                   Subordinated
Medium-Term Note( ) 
                                                              
Principal Amount:      $50,000,000.00         Issue Price: 100%
Original Issue Date:   Sept. 13, 1996         Specified Currency:
U.S. Dollars 
Interest Accrual Date: Sept. 13, 1996         Maturity Date:
September 13, 2001 
Interest Rate:         7.15% per annum 
      
Redemption Date(s):  At the option of the     New            
Notice of 
   Company, in whole, on the Interest         Maturity       
Renewal
   Payment date occurring on Sept. 13, 1999   Date(s):       
Date(s):
   and each Interest Payment Date occurring
   in March or September thereafter upon at
   least 30 calendar days prior notice. 
Redemption Price(s): 100%  
Authorized Denominations (if other than 
denominations of $1,000 and integral                           
multiples of $1,000 in excess thereof                           
in U.S. Dollars):    N/A                                        
Repayment Date(s):   None                     Interest Payment
Period: 
                                                   Semi-annual
Repayment Price(s):  N/A                      Interest Payment
Dates:   
                                                13th of each
March and September  
                                                commencing March
13, 1997 (or
                                                modified
following business day)
Original Issue Discount
Note:  ( ) Yes   (X) No
Total Amount of OID:        N/A 
Yield to Maturity:          N/A               Global Security:
(X)Yes  ( )  
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                                 Name of Agent: UBS
Securities Inc.
Index Currency:  U.S. Dollars                 Agent's Discount or

Interest Reset Period:  N/A                   Commission: N/A
Interest Reset Dates:   N/A                   Net Proceeds to Co:
$49,775,000.00


( ) 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 at
100% of the
principal amount for resale to investors and other purchasers at:
( ) a fixed
initial public offering price of 100% of the principal amount; (
) a fixed 
initial public offering price of____% of the principal amount;
(X) varying 
prices relating to prevailing market prices at time of resale to
be determined 
by Agent.

Additional Terms:  Interest rates offered by the Company with
respect to the 
Notes sold under its Medium-Term Note Program may differ
depending upon, among 
other things, the aggregate principal amount of Notes purchased
in any single 
transaction.

  
  
  


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