Pricing Supplement No. 7 Dated November 17, 1994 
Filed Pursuant to: Rule 424 (b)(3)
File No.: 33-65904
(To Prospectus dated November 4, 1993 and   
Prospectus Supplement dated July 29, 1994)


                           FIRST CHICAGO CORPORATION
                          MEDIUM-TERM NOTES, SERIES F



Date of Issue: November 25, 1994 [_]Fixed Rate     [_]Commercial Paper Rate Note
                                 [X]Senior         [_]Federal Funds Rate Note
Maturity Date: November 25, 1999 [_]Subordinated   [X]LIBOR Note
                                                   [_]Prime Rate Note
                                                   [_]Treasury Rate Note


Principal Amount: $50,000,000.00

Issue Price (As a Percentage of Principal Amount): 99.943

Interest Rate/Initial Interest Rate: Not Available

Interest Payment Dates: 25th day of February, May, August, November

Interest Reset Dates: 25th day of February, May, August, November 

Index Maturity: 90 days

Spread: +8 basis points

Spread Multiplier: None

Minimum Interest Rate: None

Maximum Interest Rate: None

Interest Payment Period: 25th day of February, May, August, November, up to but 
                         excluding the interest payment date.

Interest Rate Reset Period: 25th day of February, May, August, November, up to 
                            but excluding the interest payment date.

Redemption Date(s) or Period: None

Optional Repayment Date(s): None

Calculation Agent (If Applicable): Salomon Brothers


Additional Terms: