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

Pricing Supplement No. 26         Dated:  May 2, 1995
(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: $25,000,000        Issue Price: 100%

Original Issue Date: May 9, 1995          Stated Maturity Date: May 9, 1997

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 [ ] LIBOR [ ] Treasury Rate
  [X] Federal Funds Rate [ ] Prime Rate [ ] Other:
  Source: Federal Reserve statistical release H.15 (519), under the heading
"Federal funds (effective)"
  Backup Source: Telerate Page 120

Interest Reset Period: Daily

Interest Payment Period: Quarterly

Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
Daily

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement) The 9th of February, May, August and November of each year
commencing on August 9, 1995, up to and including maturity.

Interest Determination Date(s): Daily

 
                                                               Rule 424(b)(3)
                                                               File No. 33-58716
 
Pricing Supplement No. 26                        Dated: May 2, 1995
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)


Initial Interest Rate: To be determined

Index Maturity: Daily.

Day Count Convention: Actual/360

Maximum Interest Rate: N/A                    Minimum Interest Rate: N/A

Spread (+/-):    + .27%                           Spread Multiplier: N/A

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. 26, UNDER MTN-SERIES F PROGRAM: $564,500,000
                   b)  CUSIP #: 42333HEH1

Agent:  Chemical Securities, Inc.
        270 Park Avenue
        New York, New York 10017