Rule 424(b)(2)
                                             Registration Statement No. 33-53807
 
PRICING SUPPLEMENT No. 7, dated September 30, 1994
to Prospectus, dated August 30, 1994
 
                          Medium-Term Notes, Series  A
                                  (Fixed Rate)
 
           With Maturities of Nine Months or More From Date of Issue
 
 
 
                                            
 Interest Payable Each February 1 and    Form: 
  August 1 and at Maturity               [X]Book Entry[_]Certificated
                                     
 Issue Price:  100%                      Currency or Currency Unit:
                                             (Check one; if other than U.S.
 Agent's Commission:  0.25%                  Dollars, see attached)
                                         [X]U.S. Dollars (USD or U.S.$)
 Original Issue Date:  October 7, 1994   [_]European Currency Units (ECU)
                                         [_]Australian Dollars (AUD or AUS$)
 Interest Rate Per Annum:7.20%           [_]British Pound (GBP or UK(Pounds))
                                         [_]Canadian Dollars (CAD or CAN$)
 Stated Maturity:  October 7, 1996       [_]German Marks (DEM or DM)
                                         [_]Italian Lire (ITL or Lire)
 Repurchase Price                        [_]Japanese Yen (JPY or (Yen))
 (For Discount Securities):  N/A         [_]Swiss Francs (CHF or SWFr)
                                         [_]Other
 Redemption Information:  N/A                    -------------------
 
 Currency Determination Agent:  N/A
 
 Repayment Information:  N/A
 
 Other Provisions:  N/A
 
 
  The aggregate principal amount of this offering is U.S. $3,250,000
  (which, if the securities offered hereby are denominated in a currency
  or currency unit other than U.S. dollars, is the equivalent, in the
  currency units set forth herein, of the principal amount set forth
  herein at the Exchange Rate set forth herein) and relates only to
  Pricing Supplement No. 7. Debt Securities, including Medium-Term
  Notes, Series A, may be issued by the Company in an aggregate initial
  offering price of up to U.S. $500,000,000 or the equivalent in foreign
  currency or foreign currency units. To date, including this offering,
  an aggregate of U.S. $39,250,000 or the equivalent in foreign currency
  or foreign currency units of Medium-Term Notes, Series A, and all
  other Debt Securities, has been issued.
 
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 Type of Sale:       If Principal Transaction, reoffering at:
  [X] As Agent         [_]varying prices related to prevailing market prices
  [_]As Principal       at the time of resale
                       [_]fixed public offering price of % of Principal Amount
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