SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
  
                              --------------
  
                                 FORM 8-K
  
                              CURRENT REPORT
                  PURSUANT TO SECTION 13 OR 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934
  
  
                            February 10, 1998
             ------------------------------------------------
             Date of Report (Date of earliest event reported)
  
  
                          BENEFICIAL CORPORATION
            -------------------------------------------------
            (Exact Name of Registrant as Specified in Charter)
  
    
             Delaware                    1-1177              51-0003820
    ----------------------------    ----------------    -------------------
    (State or other jurisdiction    (Commission File      (IRS Employer 
         of Incorporation)                Number)       Identification No.)
  

    One Christina Centre, 301 North Walnut Street
             Wilmington, Delaware                                19801
    ---------------------------------------------              ----------
       (Address of Principal Executive Offices)                (Zip Code)
  
  
                              (302) 425-2500
            --------------------------------------------------
            Registrant's telephone number, including area code
  
  
                              Not Applicable
      -------------------------------------------------------------
      (Former Name or Former Address, if Changed Since Last Report)



 Item 7.      Financial Statements and Exhibits. 
  
 (c)          Exhibits. 
              --------
 1.1          Terms Agreement, dated February 10, 1998 between the
              Registrant and UBS Securities LLC with Union Bank of
              Switzerland, London branch joining solely for purposes of
              the assignment of the Call Option.
  
 4.1          Form of Fixed Rate Medium-Term Note, Series I (Global).
                                     
  
  
  

                                SIGNATURE
  
           Pursuant to the requirements of the Securities Exchange Act
 of 1934, the registrant has duly caused this report to be signed on its
 behalf by the undersigned hereunto duly authorized. 
  
  
 Dated:  February 24, 1998 
  
  
                                      BENEFICIAL CORPORATION 
  
  
                                      By: /s/ Samuel F. McMillan
                                         --------------------------------
                                         Name:  Samuel F. McMillan 
                                         Title: Senior Vice President and
                                                  Treasurer 
  
  
  
  

                              EXHIBIT INDEX
  
  
 Exhibit No.      Description 
 -----------      -----------
     1.1          Terms Agreement, dated February 10, 1998 between the
                  Registrant and UBS Securities LLC with Union Bank of
                  Switzerland, London branch joining solely for purposes
                  of the assignment of the Call Option.
  
     4.1          Form of Fixed Rate Medium-Term Note, Series I (Global).
[{"type": "8-K", "sequence": "1", "description": "8-K", "secsgml_size_bytes": 3277}]
{"company-data": {"conformed-name": "BENEFICIAL CORP", "cik": "0000008960", "assigned-sic": "6141", "irs-number": "510003820", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-01177", "film-number": "98548190"}, "business-address": {"street1": "ONE CHRISTINA CENTRE", "street2": "301 N WALNUT ST", "city": "WILMINGTON", "state": "DE", "zip": "19801", "phone": "3024252500"}, "mail-address": {"street1": "301 NORTH WALNUT STREET", "city": "WILMINGTON", "state": "DE", "zip": "19801"}, "former-company": [{"former-conformed-name": "BENEFICIAL NATIONAL CORP", "date-changed": "19700909"}, {"former-conformed-name": "BENEFICIAL FINANCE CO", "date-changed": "19700522"}]}
SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
  
                              --------------
  
                                 FORM 8-K
  
                              CURRENT REPORT
                  PURSUANT TO SECTION 13 OR 15(d) OF THE
                     SECURITIES EXCHANGE ACT OF 1934
  
  
                            February 10, 1998
             ------------------------------------------------
             Date of Report (Date of earliest event reported)
  
  
                          BENEFICIAL CORPORATION
            -------------------------------------------------
            (Exact Name of Registrant as Specified in Charter)
  
    
             Delaware                    1-1177              51-0003820
    ----------------------------    ----------------    -------------------
    (State or other jurisdiction    (Commission File      (IRS Employer 
         of Incorporation)                Number)       Identification No.)
  

    One Christina Centre, 301 North Walnut Street
             Wilmington, Delaware                                19801
    ---------------------------------------------              ----------
       (Address of Principal Executive Offices)                (Zip Code)
  
  
                              (302) 425-2500
            --------------------------------------------------
            Registrant's telephone number, including area code
  
  
                              Not Applicable
      -------------------------------------------------------------
      (Former Name or Former Address, if Changed Since Last Report)

 Item 7.      Financial Statements and Exhibits. 
  
 (c)          Exhibits. 
              --------
 1.1          Terms Agreement, dated February 10, 1998 between the
              Registrant and UBS Securities LLC with Union Bank of
              Switzerland, London branch joining solely for purposes of
              the assignment of the Call Option.
  
 4.1          Form of Fixed Rate Medium-Term Note, Series I (Global).
                                     
  
  
  

                                SIGNATURE
  
           Pursuant to the requirements of the Securities Exchange Act
 of 1934, the registrant has duly caused this report to be signed on its
 behalf by the undersigned hereunto duly authorized. 
  
  
 Dated:  February 24, 1998 
  
  
                                      BENEFICIAL CORPORATION 
  
  
                                      By: /s/ Samuel F. McMillan
                                         --------------------------------
                                         Name:  Samuel F. McMillan 
                                         Title: Senior Vice President and
                                                  Treasurer 
  
  
  
  

                              EXHIBIT INDEX
  
  
 Exhibit No.      Description 
 -----------      -----------
     1.1          Terms Agreement, dated February 10, 1998 between the
                  Registrant and UBS Securities LLC with Union Bank of
                  Switzerland, London branch joining solely for purposes
                  of the assignment of the Call Option.
  
     4.1          Form of Fixed Rate Medium-Term Note, Series I (Global).