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Pricing Supplement dated May 8, 1996                             Rule 424(b)(5) 
(To Prospectus dated March 27, 1996 and                      File No. 333-01523
Prospectus Supplement dated May 6, 1996)



                           MCN INVESTMENT CORPORATION
                          Medium-Term Notes, Series B
                                Fixed Rate Notes

- --------------------------------------------------------------------------------
Principal Amount:    $130,000,000                 Interest Rate:  6.82%
Agent's Discount or Commission: 0.350%            Stated Maturity:  05-13-99
Net Proceeds to Issuer:   $129,545,000            Original Issue Date:  05-13-96
                                                  CUSIP:  55268KAD8
- --------------------------------------------------------------------------------
INTEREST PAYMENT DATES:    March 1 and September 1

REGULAR RECORD DATES:    February 15 next preceding a March 1 Interest
                         Payment Date or August 15 next preceding a September 1
                         Interest Payment Date.

REDEMPTION:
[X]  The Notes cannot be redeemed prior to Stated Maturity
[ ]  The Notes may be redeemed prior to Stated Maturity
     Initial Redemption Date:
     Initial Redemption Percentage: _______%
     Annual Redemption Percentage Reduction: _______% until Redemption
     Percentage is 100% of the principal amount.

OPTIONAL REPAYMENT:
[X]  The Notes cannot be repaid prior to Stated Maturity
[ ]  The Notes can be repaid prior to Stated Maturity at the option of the
     holder of the Notes.  
     Optional Repayment Dates: 
     Repayment Price: _____%

ORIGINAL ISSUES DISCOUNT:  [ ] Yes [X] No
     Total Amount of OID:
     Yield to Maturity:
     Initial Accrual Period:

FORM:  [X] Book-Entry  [ ] Certificated

AGENT(S): [X] Merrill Lynch & Co.                  Amount Placed:  $  34,000,000
          [X] Donaldson, Lufkin & Jenrette         Amount Placed:     32,000,000
              Securities Corporation               
          [X] Salomon Brothers Inc                 Amount Placed:     32,000,000
          [X] Smith Barney Inc.                    Amount Placed:     32,000,000
          [ ] Other    _____________________       Amount Placed: ______________
                                             
                                             
AGENT ACTING IN THE CAPACITY AS INDICATED BELOW:
        [X] Agent   [ ] Principal

IF AS PRINCIPAL:
        [ ] The Notes are being offered at varying prices related to prevailing
            market prices at the time of resale.
        [ ] The Notes are being offered at a fixed initial public offering
            price of ____% of Principal Amount.

IF AS AGENT:
     The Notes are being offered at a fixed initial public offering price of
     100% of Principal Amount.

OTHER PROVISIONS:  N/A