PRICING SUPPLEMENT NO. 94-48 Dated January 5, 1995         Rule 424(b)(2)
To Prospectus Supplement Dated December 2, 1994         File No. 33-51833


                         BENEFICIAL CORPORATION

                       Medium-Term Notes, Series G
                           (Book Entry Notes)


J.  P.  Morgan Securities Inc. purchased $100,000,000 principal amount of
these Medium-Term Notes, Series G, maturing on January  13,  1997,  at  a
principal  price of $99,981,700 for resale to investors from time to time
at prices based on market conditions at the time of resale.

       Floating Rate Notes Due 9 Months or More from Date of Issue

Maturity Date:  January 13, 1997       Interest Payment Period:
                                         Quarterly
Interest Rate Basis:
  Federal Funds Rate                   Interest Reset Period:
                                         Daily
Specify Other Base Rate:  N/A
                                       Interest Reset Dates:
Index Maturity:  N/A                     Each Business Day (as further 
                                         described in the Prospectus 
Spread: plus 0.28%                       Supplement) except that the rate
                                         applied to the three business 
Spread Multiplier:  N/A                  days prior to maturity or any 
                                         Interest Payment Date will be 
Maximum Interest Rate:  N/A              the rate applied to the third
                                         Business Day preceding such
Minimum Interest Rate:  N/A              maturity or Interest Payment
                                         Date.
Interest Payment Dates:
  Each April 13, July 13, October      Settlement Date (Issue Date):
  13, and January 13, commencing on      January 12, 1995  
  April 13, 1995 through and 
  including January 13, 1997.          Calculation Agent:
                                         BankAmerica National Trust
Initial Interest Rate:                   Company
  Determined as if the Settlement
  Date was an Interest Reset Date.     Optional Repayment Date(s):
                                         N/A
Interest Determination Date:
  The Business Day next preceding      Additional Terms:
  the Interest Reset Date.               For the purposes of the Notes
                                         contemplated hereunder, interest
                                         payments will include interest
                                         accrued to, but excluding, the
                                         Interest Payment Date.