SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


                           FORM 10-K


(Mark One)
[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934 
     For the fiscal year ended December 31, 1998

                               OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
     SECURITIES EXCHANGE ACT OF 1934
     For the transition period from ______ to _______

                  Commission File Nos. 0-36050

       HOUSEHOLD PRIVATE LABEL CREDIT CARD MASTER TRUST II
     (Exact name of Registrant as specified in Department
      of the Treasury, Internal Revenue Service Form SS-4)


HOUSEHOLD FINANCE CORPORATION
(Servicer of the Trust)
(Exact name as specified in Servicer's charter)



            DELAWARE                      36-3670374             
(State or other jurisdiction of   (I.R.S. Employer Identification
incorporation of Servicer)        Number of Registrant



 2700 SANDERS ROAD, PROSPECT HEIGHTS, ILLINOIS         60070     
(Address of principal executive offices of           (Zip Code)
Servicer)


Servicer's telephone number, including area code  (847) 564-5000 


Indicate by check mark whether the Registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the Registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.

                         Yes   X            No _____

The aggregate principal amount of the Certificates held by non-
affiliates of the Servicer as of December 31, 1998 was
approximately $330 million.
<PAGE>
INTRODUCTORY NOTE




     HRSI Funding, Inc. (the "Seller") is the seller under a
Pooling and Servicing Agreement (the "Agreement") dated as of
October 1, 1994, by and among the Seller, Household Finance
Corporation, as Servicer (the "Servicer") and Bank America National
Trust Company, as trustee (the "Trustee"), as amended by the Series
1994-2 Supplement to the Agreement dated as of October 1, 1994 (the
"Supplement"), providing for the issuance of certificates in
varying series (the "Certificates"), and is the originator of the
trust called the Household Private Label Credit Card Master Trust
II (the "Registrant" or the "Trust").  

     Each Certificate represents an undivided interest in a
specific pool of receivables held by the Trust.  The Certificates
issued, or to be issued, may be senior ("Class A Certificates"),
subordinated ("Class B Certificates") and a Seller Certificate. 
The Seller, Servicer and Trustee have established a Cash Collateral
Account and a Collateral Invested Amount for the benefit of the
holders of the Class A and Class B Certificates.  The Registrant
has prepared this Form 10-K in reliance upon various no-action
letters issued by the Securities and Exchange Commission (the
"Commission") to other trusts which are substantially similar to
the Trust and as a result of the Commission's favorable response to
the Loan Application for Exemptive Order pursuant to Section 12(h)
of the Securities Exchange Act of 1934 on May 20, 1992 which the
Commission issued to the Private Label Credit Card Master Trust,
the predecessor to the Trust.  Items designated herein as "Not
Applicable" have been omitted as a result of this reliance and in
anticipation of favorable action by the Commission.

<PAGE>
PART I


Item 1.   Business.

          Not Applicable.


Item 2.   Properties.

          Not Applicable.


Item 3.   Legal Proceedings.

          The Servicer is not aware of any material pending legal
          proceedings involving either the Registrant, the Trustee,
          the Seller or the Servicer with respect to the
          Certificates or the Registrant's property.


Item 4.   Submission of Matters to a Vote of Security Holders.

          No vote or consent of the holders of the Certificates
          (the "Certificateholders") was solicited for any purpose
          during the year ended December 31, 1998.




PART II


Item 5.   Market for Registrant's Common Equity and Related
          Stockholder Matters.

          To the best knowledge of the Servicer, there is no
          established public trading market for the Certificates. 
          As of February 3, 1999, there were 16 Class A
          Certificateholders (0 holders of Class A Certificates,
          Series 1994-1 and 16 holders of Class A Certificates,
          Series 1994-2) and 4 Class B Certificateholders (0
          holders of Class B Certificates, Series 1994-1 and 4
          holders of Class B Certificates, Series 1994-2), some of
          whom may be holding Certificates for the accounts of
          others.


Item 6.   Selected Financial Data.

          Not Applicable.

<PAGE>
Item 7.   Management's Discussion and Analysis of Financial
          Condition and Results of Operations.

          Not Applicable.


Item 8.   Financial Statements and Supplementary Data.

          Not Applicable.


Item 9.   Changes in and Disagreements with Accountants on
          Accounting and Financial Disclosure.

          None.




PART III


Item 10.  Directors and Executive Officers of the Registrant.

          Not Applicable.


Item 11.  Executive Compensation.

          Not Applicable.


Item 12.  Security Ownership of Certain Beneficial Owners and
          Management.

          The following table sets forth (i) the name and address
          of each entity owning more than 5% of the outstanding
          principal amount of the Class A or the Class B
          Certificates; (ii) the principal amount of Certificates
          owned by each and (iii) the percent that the principal
          amount of Certificates owned represents of the
          outstanding principal amount of the Class A or the Class
          B Certificates.  The information set forth in the table
          is based upon information obtained by the Servicer from
          the Trustee and from The Depository Trust Company as of
          February 3, 1999.  The Servicer is not aware of any
          Schedules 13D or 13G filed with the Securities and
          Exchange Commission in respect of the Certificates.





<PAGE>
                                             Amount Owned

                                        All dollar amounts are
                                             in thousands
                                        
Name and Address                        Principal      Percent



Class A Certificateholders (Series 1994-2)

The Bank of New York                    $ 71,450        23.24
925 Patterson Plank Road
Secaucus, NJ 07094

Bankers Trust Company                   $ 41,773        13.59
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN  37211

Chase Manhattan Bank                    $ 73,777        24.97
4 New York Plaza - 13th Floor
New York, NY 10004

Prudential Securities Custody           $ 24,830         8.07
111 8th Avenue - 4th Floor
New York, NY 10011

State Street Bank & Trust Company       $ 42,900        13.95
Global Corp. Action Dept. JAB5W
P. O. Box 1631
Boston, MA 02105-1631







<PAGE>
                                             Amount Owned

                                        All dollar amounts are
                                             in thousands
                                        
Name and Address                        Principal      Percent



Class B Certificateholders (Series 1994-2)


The Bank of New York                    $  5,000       22.22
925 Patterson Plank Road
Secaucus, NJ 07094

Bankers Trust Company                   $  6,500       28.89
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, TN  37211

Chase Manhattan Bank                    $  5,000       22.22
4 New York Plaza - 13th Floor
New York, NY  10004

Citibank, N.A.                          $  6,000       26.67
P. O. Box 30576
Tampa, KL  33630-3576

<PAGE>
Item 13.  Certain Relationships and Related Transactions.

          None or Not Applicable.


PART IV

Item 14.  Exhibits, Financial Statement Schedules, and Reports on
          Form 8-K.

          (a)  List the following documents filed as a part of the
               report:

               (1)  Financial Statements

                    Not Applicable.

               (2)  Financial Statement Schedules

                    Not Applicable.

               (3)  The Servicer is obligated to prepare an Annual
                    Statement to Certificateholders for the year
                    1998, and Independent Public Accountants are
                    required to prepare an Annual Servicing Report
                    pertaining to the compliance of the Servicer
                    with its servicing obligations pursuant to the
                    Agreement.  Copies of said documents are or
                    will be filed as exhibits to this Form 10-K
                    when they are available.

          (b)  The Registrant filed the following current reports
               on Form 8-K for the fourth quarter of 1998.

               Date of Reports     Items Covered

               October 20, 1998    Item 7 -- Statement to
               November 20, 1998   Certificateholders with respect
               December 21, 1998   to distributions made on
                                   October 20, 1998, November 20,
                                   1998 and December 21, 1998. 

          (c)  (1)  Exhibit 99.  Copy of Annual Statement to
                    Certificateholders for the year 1998.

               (2)  Exhibit 99.1.  Copy of Annual Servicing 
                    Report for the year 1998.

          (d)  Not Applicable.


<PAGE>
SIGNATURES




     Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the Servicer has duly caused this
report to be signed on behalf of the Household Private Label Credit
Card Master Trust II by the undersigned, thereunto duly authorized.




                          HOUSEHOLD FINANCE CORPORATION,
                         as Servicer of and on behalf of the

                HOUSEHOLD PRIVATE LABEL CREDIT CARD MASTER TRUST II
                                    (Registrant)




Date:  February 25, 1999      By:/s/ John W. Blenke          
                                 John W. Blenke
                                 Assistant Secretary


















<PAGE>
                           Exhibit Index


Exhibit No.    Exhibit                                      Page No.

99             Copy of Annual Statement to                     10
               Certificateholders for the year 
               ended December 31, 1998       

99.1           Copy of Annual Servicing Report                 11
               for the year ended December 31, 1998