Pricing Supplement Dated July 17, 1996                 Rule 424(b)(3)
(To Prospectus dated September 7, 1995 and             File No. 33-61361
Prospectus Supplement dated April 29, 1996)


                         DUKE REALTY LIMITED PARTNERSHIP
                         Medium-Term Notes - Fixed Rate

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Principal Amount: $40,000,000.00            Interest Rate:  7.28%
Agent's Discount or Commission: $180,000.00 Stated Maturity Date: July 24, 2000
Net Proceeds to Issuer: $39,820,000.00      Original Issue Date:  July 22, 1996
- -------------------------------------------------------------------------------

Interest Payment Dates:  May 1 and November 1

Default Rate:  7.28%

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:  U.S. Dollars (If other than U.S. dollars, see
                                        attached)
     Minimum Denominations:  N/A     (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:

Form:     [X]  Book-Entry     [ ]  Certificated

Agent:    [X]  Merrill Lynch & Co.

          [X]  Other:    First Chicago Capital Markets, Inc.
                         Goldman, Sachs & Co.
                         J.P. Morgan & Co.



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:








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