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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,
 KTayQqH1y7e6mO6nde/7fF9R1QwYpDS3GGR42E4wEWdG63iqQpSsO2rEHYmJwDvC
 mq+JFk5Bot1UEnnigG+30w==

<SEC-DOCUMENT>0001036050-97-000376.txt : 19970620
<SEC-HEADER>0001036050-97-000376.hdr.sgml : 19970620
ACCESSION NUMBER:		0001036050-97-000376
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970619
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:		97626218

	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>FORM 424B2
<TEXT>

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

Pricing Supplement Number: SR138                     Dated:  MAY 27, 1997 

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

                                    AMENDED

                                $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:                                            21869EFV2

Principal Amount:                                 25,000,000.00

Settlement Date:                                  05/28/97

Base Rate:                                        FED FUNDS

Index Maturity:                                   DAILY

Initial Interest Rate:                            5.80%(5.59% EFFECTIVE FED
                                                        FUNDS RATE 5/27/97) 

Spread or Spread Multiplier, if applicable:       PLUS 21 BPS.

Interest Rate Reset Dates:                        DAILY(USING PRIOR DAYS  
                                                       EFFECTIVE FED FUNDS RATE)
                                                  
Interest Payment Dates:                           08/29/97, 11/28/97, 02/27/98
                                                  05/29/98, 08/28/98, 11/30/98
                                                  02/26/99, 04/30/99  

First Coupon:                                     08/29/97

Day Count:                                        ACTUAL/360

Stated Maturity Date:                             04/30/99

Maximum Interest Rate, if any:

Minimum Interest Rate, is 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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