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

 
Pricing Supplement No. 32       Dated: August 1, 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:$   23,000,000         Issue Price: 100%

Original Issue Date: August 9, 1995     Stated Maturity Date: September 29, 2000
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: Semi-Annually

Interest Payment Period: Semi-Annually

Interest Reset Dates: (If other than as specified in the Prospectus Supplement)
The last Business Day of each March and September, commencing September 29,
1995, up to but excluding the Maturity Date.

Interest Payment Dates: (If other than as specified in the Prospectus
Supplement)  The last Business Day of each March and September, commencing
September 29, 1995, up to and including the Maturity Date.

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

 
Pricing Supplement No.:  32                   Dated: August 1, 1995
(To Prospectus dated March 17, 1993 and
Prospectus Supplement dated March 31, 1993)




Interest Determination Date(s):  2 London Banking Days prior to each Interest
Reset Date.

Initial Interest Rate:  To be determined

Index Maturity: 6 Month LIBOR

Day Count Convention:  Actual/360

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

Spread (+/-):    + .25%                         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. 32, UNDER MTN-SERIES F PROGRAM: $710,000,000
                   b)  CUSIP #:  42333HEP3

Agent:  First Chicago Capital Markets, Inc.
        One First National Plaza
        Chicago, Illinois 60670