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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 T5rj5fe5Iar2skIXojKwky2zXllsIU5uhb1/6k+uKyKUlb083AzSW9QZqF/ZltoI
 R4VipANSJxajW4Ct70CWzw==

<SEC-DOCUMENT>0000950109-96-007087.txt : 19961104
<SEC-HEADER>0000950109-96-007087.hdr.sgml : 19961104
ACCESSION NUMBER:		0000950109-96-007087
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19961101
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CORESTATES FINANCIAL CORP
		CENTRAL INDEX KEY:			0000069952
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				231899716
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-02297
		FILM NUMBER:		96652005

	BUSINESS ADDRESS:	
		STREET 1:		CENTRE SQ W
		STREET 2:		1500 MARKET ST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19101
		BUSINESS PHONE:		2159733806

	MAIL ADDRESS:	
		STREET 1:		1500 MARKET ST
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19101

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATIONAL CENTRAL FINANCIAL CORP
		DATE OF NAME CHANGE:	19830517
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<DESCRIPTION>PRICING SUPPLEMENT #126
<TEXT>

<PAGE>
 
                                Rule 424 (b)(2)
                                File Numbers: 333-2297 and 33-54049

Pricing Supplement Number: 126                  Dated:     10/30/96
                    

(To Prospectus dated May 14, 1996 and Prospectus Supplement dated 
June 14, 1996).

                                $1,550,000,000
                            CORESTATES CAPITAL CORP
                  Senior Medium-Term Floating Rate Notes Due
                    Nine Months or More From Date of Issue
        Unconditionally Guaranteed as to Payment of Principal, Premium,
                            if any, and Interest by
                           CORESTATES FINANCIAL CORP

Cusip:                                         21869EFH3          
                                      
Principal Amount:                              49,000,000.00
                                      
Settlement Date:                               11/01/96
                                      
Base Rate:                                     LIBOR (Telerate PG 3750)
                                      
Index Maturity:                                1 Month LIBOR
                                      
Initial Interest Rate:                         5.425%(5.375% Telerate PG 3750, 
                                               10/30/96)

Spread or Spread Multiplier, if applicable:    Plus 5 BPS.

Interest Rate Reset Dates:                     Third Wednesday of each month

Interest Payment Dates:                        Third Wednesday of each month

First Coupon:                                  11/20/96

Day Count:                                     Actual/360

Stated Maturity Date:                          10/01/99

Maximum Interest Rate, if any:

Minimum Interest Rate, if any:

Alternate Rate Event Spread, if any:

Initial Redemption Date, if any:

Initial Redemption Percentage, if any:

Annual Redemption Percentage Reduction, if any: 

Optional Repayment Dates, if any:

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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