Pricing Supplement No. 31                                     Filing Under
                      ---                                     Rule 424(b)(2)
(To Prospectus Supplement dated June 30, 1995
including the Prospectus dated May 18, 1995)

Trade Date:   4/22/96                                         Registration
           -------------------                                File No.
                                                              33-59227



  IKON Capital, Inc. (formerly known as Alco Capital Resource, Inc.)
- --------------------------------------------------------------------------------

                              Medium Term Notes


CUSIP:  01374QBU1
      ---------------------------------
Principal Amount: $ 10,000,000           Floating Rate Notes: N/A       
                 ----------------------                      -------------------
Interest Rate (if fixed rate): 6.63%           Interest Rate Basis: N/A         
                              ---------                            -------------
Interest Payment Date(s):   N/A            -Commercial Paper Rate:              
                         --------------                           ----------  
  (other than June 15 and December 15)     -Prime Rate:                       
Regular Record Date(s):     N/A                        ---------------------  
                       ----------------    -LIBOR:                            
  (other than May 31 and November 30)             --------------------------  
Stated Maturity:  8/25/99                  -Treasury Rate:                    
                -----------------------                   ------------------  
Specified Currency: US DOLLARS             -CD Rate:                          
                   --------------------             ------------------------  
Applicable Exchange Rate (if any): N/A     -Federal Funds Rate:               
                                  -----                        -------------  
   US Dollar $1.00 = N/A                   -Other:                            
                    -------------------           --------------------------  
Issue Price (as a percentage of                                                 
             principal amount):  100%    Index Maturity: N/A                    
                               --------                 ------------------------
Selling Agent:                           Spread: N/A                            
  -Lehman Brothers:                             --------------------------------
                   ----------------      Spread Multiplier: N/A                 
  -Chase Securities, Inc.:  X                              ---------------------
                          ---------      Maximum Interest Rate: N/A             
  -Goldman, Sachs & Co:                                        -----------------
                       ------------      Minimum Interest Rate: N/A             
  -Merrill Lynch & Co:                                        -----------------
                      -------------      Initial Interest Rate: N/A             
  -Other:                                                      -----------------
         --------------------------        Interest Reset Date(s)               
                                           (if semi-annually or annually):      
Selling Agent's Commission (%): .35%                                            
                               --------    -------------------------------------
Purchasing Agent: N/A                        Third Wednesday of: N/A            
                 ----------------------                         ----------------
Purchasing Agent's Discount or                 Interest Reset Date (if weekly,  
   Commission (%): N/A                         monthly, or quarterly):          
                  ---------------------                               ----------
Type of Sale:                            Interest Determination Date(s): N/A    
        As Agent: X   As Principal:                                     --------
                 ----              ----  Calculation Date(s): N/A               
Net proceeds to the Company:$9,965,000                       -------------------
                            -----------  Calculation Agent: N/A               
Settlement date                                            ---------------------
  (original issue date):  4/25/96        Interest Payment Date(s): N/A          
                        ---------------                           --------------
Redemption Commencement                     (other than June 15 and December 15)
  Date (if any): N/A                     Regular Record Date(s): N/A            
                -----------------------                         ----------------
Redemption Period: N/A                      (other than May 31 and November 30)
                  ---------------------  Interest Reset Period: N/A             
                                                               -----------------
Exchange Rate Agent: N/A                                        
                    -------------------          
Original Issue Discount Security:       
        Yes:    No: X                   
            ----   ----                 
                                        
Form:                                    
        Book Entry: X   Certificated    
                   ---              --- 


Authorized by: /s/ Kathleen M. Burns                             
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