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Pricing Supplement dated September 14, 1998                       Rule 424(b)(3)
(To Prospectus dated February 11, 1998 and                    File No. 333-45105
Prospectus Supplement dated September 10, 1998)

UNION TANK CAR COMPANY
MEDIUM-TERM NOTES, SERIES C - FIXED RATE
________________________________________________________________________________
       

Trade Date: September 14, 1998           Original Issue Date: September 17, 1998
Principal Amount: $15,000,000            Net Proceeds to Issuer: $14,910,000
Currency: U.S. $                         Minimum Denomination: $1,000
Issue Price: 100%
Selling Agent's Commission: .600%
Interest Rate: 6.39%
Interest Payment Date(s): March 1 and September 1, commencing March 1,
1999
Maturity Date: September 17, 2007
________________________________________________________________________________
       

Form:            X     Book-Entry
               -------                                                        
                       Certificated
               -------                                                        

Redemption:      X     The Notes cannot be redeemed prior to maturity
               -------                                                        
                       The Notes may be redeemed prior to maturity
               -------                                                        

     Initial Redemption Date:  N/A
     Initial Redemption Price:  N/A
     Annual Redemption Price Reduction:  N/A


Repayment:       X     The Notes cannot be repaid prior to maturity
            ----------
                       The Notes can be repaid prior to maturity at the option 
            ---------- of the holder

     Repayment Price:  N/A
     Repayment Date:  N/A


Discount Note:            Yes
               --------                                     
                  X       No
               --------                                     

     Total Amount of OID:  N/A
     Original Yield to Maturity:  N/A
     Initial Accrual Period OID:  N/A
     Method Used to Determine Yield for Initial Accrual Period: 
     Approximate         Exact
                --------      --------

Capacity:    X      Agent          Principal
         ----------      ---------

If as principal:                    The Registered Notes are being offered at  
                 ----------------   varying prices related to prevailing market
                                    prices at the time of resale.              
                                                                               
                                    The Registered Notes are being offered     
                 ----------------   at a fixed initial public offering price   
                                    ____% of Principal Amount.  The Registered 
                                    Notes are being reoffered to dealers with a
                                    reallowance not to exceed ___% of the      
                                    Commission or Fee.                         

                 Salomon Smith Barney