Rule 424(b)(3)
                                                          File No. 33-58716

Pricing Supplement No.: 12               Dated:  June 14, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)


U.S.$2,500,000,000
HELLER FINANCIAL, INC.
MEDIUM-TERM NOTES, SERIES F

(REGISTERED NOTES - FLOATING RATE)
DUE FROM NINE MONTHS TO THIRTY YEARS FROM DATE OF ISSUE

Principal Amount:   $50,000,000        Issue Price: 100 %

Original Issue Date: 6/21/94           Stated Maturity Date: 6/21/96

Form: [X] Book-Entry  [_] Certificated

Depositary: Depository Trust Company

Specified Currency:  U.S. Dollars
     (If other than U.S. Dollars, see attached)

Option to Receive Payments in Specified Currency: [_] Yes [_] No
     (Applicable only if Specified Currency is other than U.S. Dollars)

Authorized Denominations:
     (Applicable only if Specified Currency is other than U.S. Dollars)

Base Rate: [_] Commercial Paper Rate [X] LIBOR [_] Treasury Rate
                [_] Federal Funds Rate [_] Prime Rate [_] Other:

Interest Reset Period: Monthly

Interest Payment Period: Monthly

Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
The 21st of each Month commencing on June 21, 1994, until maturity.

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement)  The 21st of each Month commencing on July 21, 1994, until maturity.

 
                                                             Rule 424(b)(3)
                                                          File No. 33-58716

Pricing Supplement No.:  12               Dated:  June 14, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)




Interest Determination Date(s): Two Business Days immediately preceding the 
applicable day or Interest Reset Date, as the case may be.
 
Initial Interest Rate:  To be determined

Index Maturity: 3 - month.

Day Count Convention:  Actual/360


Spread (+/-):    + .50%

Base Rate and Spread Multiplier: The interest rate applicable to each Interest
Payment Period will be calculated by adding (1) the result obtained by
multiplying the Base Rate plus the Spread by the quotient of: (a) the number of
days in the Interest Payment Period for which LIBOR (determined for each day of
such Interest Payment Period) is a rate which is between (i) the rate which is
equal to or greater than the Base Rate less 0.25% and (ii) the rate which is
equal to or less than Base Rate plus 0.50%, divided by (b) the actual number of
days in the Interest Payment Period, plus (2) the result obtained by multiplying
3.00% by the quotient of: (a) the number of days in the Interest Payment Period
for which LIBOR (determined for each day of such Interest Payment Period) is a
rate which is not between (i) the rate which is equal to or greater than the
Base Rate less 0.25% and (ii) the rate which is equal to or less than Base Rate
plus 0.50%, divided by (b) the actual number of days in the Interest Payment
Period.

Optional Redemption: [_] Yes [X] No
     Initial Redemption Date:

     The Redemption Price shall initially be   % of the principal amount of the
     Note to be redeemed and shall decline at each anniversary of the Initial
     Redemption Date by   % of the principal amount to be redeemed until the
     Redemption Price is 100% of such principal amount.

Optional Repayment: [_] Yes [X] No
     Optional Repayment Dates:
     Optional Repayment Prices:

Repayment Provisions:
     (If other than as specified in the Prospectus Supplement)

Discount Note: [_] Yes [X] No
     Total Amount of OID:
     Yield to Maturity:
     Initial Accrual Period OID:
Calculation Agent: Heller Financial, Inc.
Exchange Rate Agent: N/A
Recognized Foreign Exchange Dealers: N/A
Discount or Commission:  .0%

Other Provisions:  a)  AMOUNT ISSUED TO DATE, PRIOR TO PRICING SUPPLEMENT
                       NO. 12, UNDER MTN-SERIES F PROGRAM: $269,000,000

 
                                                                  Rule 424(b)(3)
                                                               File No. 33-58716

Pricing Supplement No.:      12               Dated:  June 14, 1994
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)


                  b)  CUSIP #:  42333HDT6

Agent:  Lehman Brothers
        Three World Financial Center
        12th Floor
        New York, New York 10285