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


Date of Report (Date of earliest event reported)  November 22, 1994


                   FORD CREDIT 1994-B GRANTOR TRUST
        (Ford Credit Auto Receivables Corporation - Originator)
    ---------------------------------------------------------------  
         (Exact name of registrant as specified in its charter)


Delaware                       33-54125             38-2973806
- --------                       --------             ----------
(State of other juris-   (Commission File Number) (IRS Employer
diction of incorporation                             I.D. No.)
                                    


The American Road, Dearborn, Michigan            48121
- ----------------------------------------       ----------
(Address of principal executive offices)      (Zip Code)


Registrant's telephone number, including area code  313-322-3000



<PAGE>
Item 5.  Other Events

Ford Credit 1994-B Grantor Trust (the "Trust"), originated by Ford Credit
Auto Receivables Corporation (the "Company"), under the laws of New York, has
registered with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, 7.30% Asset Backed Certificates, Class A, in the
aggregate principal amount of $1,098,627,554.60 (the "Certificates"),
pursuant to Registration Statement No. 33-54125.  As of November 1, 1994,
Ford Motor Credit Company ("Ford Credit"), as seller, and the Company, as
purchaser, entered into a Purchase Agreement dated as of November 1, 1994,
(the "Purchase Agreement"), transferring from Ford Credit to the Company
property primarily consisting of retail installment sale contracts secured by
new and used automobiles and light trucks, certain monies due thereunder,
security interests in the vehicles financed thereby and certain other
property (the "Property").  As of November 1, 1994, Ford Credit, as servicer,
the Company, as seller, and Chemical Bank as Trustee, entered into a Pooling
and Servicing Agreement, dated as of November 1, 1994, creating the Trust and
transferring from the Company to the Trust the Property.  In return for the 
property, the Trust transferred to the Company Certificates in the principal
amount of $1,098,627,554.60  Detailed information on the pool of retail
installment sale contracts in the Trust and the servicing thereof is
contained within the Pooling and Servicing Agreement, the Purchase Agreement
and Prospectus filed herewith as exhibits. 

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

                                     EXHIBITS
Designation          Description                             Method of       
                                                             Filing
- -----------          ------------                            ----------------
Exhibit 4.1          Purchase Agreement dated as of          Filed with this 
                     November 1, 1994 between Ford Motor     Report.
                     Credit Company, as seller, and
                     Ford Credit Auto Receivables
                     Corporation, as purchaser.

Exhibit 4.2          Pooling and Servicing Agreement dated   Filed with this
                     as of November 1, 1994, among Ford      Report.
                     Motor Credit Company, as servicer,
                     Ford Credit Auto Receivables Corpor-
                     ation, as seller, and Chemcial Bank,
                     as trustee.

Exhibit 99           Prospectus dated November 8, 1994,      Incorporated by
                     relating to the sale of Ford Credit     reference from 
                     1994-B Grantor Trust 7.30% Asset        the Company's 
                     Backed Certificates, Class A.           filing of such
                                                             Prospectus with
                                                             the Commission
                                                             pursuant to its
                                                             Rule 424(b)(1) 
                                                             on November 10,
                                                             1994.<PAGE>
                                 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 thereunto duly authorized on the date indicated.

                                    Ford Credit 1994-B Grantor Trust
                                              (Registrant)

Date:  November 22, 1994            By:/s/R. P. Conrad
                                    ---------------------------------
                                       R. P. Conrad
                                    Assistant Secretary of Ford Credit
                                     Auto Receivables Corporation,
                                    originator of Trust

                   
<PAGE>

                               EXHIBIT INDEX


Designation                     Description                                  
- -----------                     -----------
Exhibit 4.1          Purchase Agreement dated as of 
                     November 1, 1994 between Ford Motor
                     Credit Company, as seller, and
                     Ford Credit Auto Receivables
                     Corporation, as purchaser.

Exhibit 4.2          Pooling and Servicing Agreement dated
                     as of November 1, 1994, among Ford
                     Motor Credit Company, as servicer,
                     Ford Credit Auto Receivables Corpor-
                     ation, as seller, and Chemcial Bank,
                     as trustee.

Exhibit 99           Prospectus dated November 8, 1994,
                     relating to the sale of Ford Credit
                     1994-B Grantor Trust 7.30% Asset
                     Backed Certificates, Class A.
[{"type": "8-K", "sequence": "1", "description": "FORD CREDIT 1994-B GRANTOR TRUST 8-K", "secsgml_size_bytes": 6243}]
{"company-data": {"conformed-name": "FORD CREDIT AUTO RECEIVABLES CORP", "cik": "0000872471", "assigned-sic": "6189", "irs-number": "382973806", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-39027", "film-number": "94561450"}, "business-address": {"street1": "THE AMERICAN ROAD", "street2": "PO BOX 6044", "city": "DEARBORN", "state": "MI", "zip": "48121", "phone": "3135947766"}, "mail-address": {"street1": "PO BOX 6044", "street2": "THE AMERICAN ROAD", "city": "DEARBORN", "state": "MI", "zip": "48121"}}
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

Date of Report (Date of earliest event reported)  November 22, 1994

                   FORD CREDIT 1994-B GRANTOR TRUST
        (Ford Credit Auto Receivables Corporation - Originator)
    ---------------------------------------------------------------  
         (Exact name of registrant as specified in its charter)

Delaware                       33-54125             38-2973806
- --------                       --------             ----------
(State of other juris-   (Commission File Number) (IRS Employer
diction of incorporation                             I.D. No.)
                                    

The American Road, Dearborn, Michigan            48121
- ----------------------------------------       ----------
(Address of principal executive offices)      (Zip Code)

Registrant's telephone number, including area code  313-322-3000
Item 5.  Other Events

Ford Credit 1994-B Grantor Trust (the "Trust"), originated by Ford Credit
Auto Receivables Corporation (the "Company"), under the laws of New York, has
registered with the Securities and Exchange Commission under the Securities
Act of 1933, as amended, 7.30% Asset Backed Certificates, Class A, in the
aggregate principal amount of $1,098,627,554.60 (the "Certificates"),
pursuant to Registration Statement No. 33-54125.  As of November 1, 1994,
Ford Motor Credit Company ("Ford Credit"), as seller, and the Company, as
purchaser, entered into a Purchase Agreement dated as of November 1, 1994,
(the "Purchase Agreement"), transferring from Ford Credit to the Company
property primarily consisting of retail installment sale contracts secured by
new and used automobiles and light trucks, certain monies due thereunder,
security interests in the vehicles financed thereby and certain other
property (the "Property").  As of November 1, 1994, Ford Credit, as servicer,
the Company, as seller, and Chemical Bank as Trustee, entered into a Pooling
and Servicing Agreement, dated as of November 1, 1994, creating the Trust and
transferring from the Company to the Trust the Property.  In return for the 
property, the Trust transferred to the Company Certificates in the principal
amount of $1,098,627,554.60  Detailed information on the pool of retail
installment sale contracts in the Trust and the servicing thereof is
contained within the Pooling and Servicing Agreement, the Purchase Agreement
and Prospectus filed herewith as exhibits. 

Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

                                     EXHIBITS
Designation          Description                             Method of       
                                                             Filing
- -----------          ------------                            ----------------
Exhibit 4.1          Purchase Agreement dated as of          Filed with this 
                     November 1, 1994 between Ford Motor     Report.
                     Credit Company, as seller, and
                     Ford Credit Auto Receivables
                     Corporation, as purchaser.

Exhibit 4.2          Pooling and Servicing Agreement dated   Filed with this
                     as of November 1, 1994, among Ford      Report.
                     Motor Credit Company, as servicer,
                     Ford Credit Auto Receivables Corpor-
                     ation, as seller, and Chemcial Bank,
                     as trustee.

Exhibit 99           Prospectus dated November 8, 1994,      Incorporated by
                     relating to the sale of Ford Credit     reference from 
                     1994-B Grantor Trust 7.30% Asset        the Company's 
                     Backed Certificates, Class A.           filing of such
                                                             Prospectus with
                                                             the Commission
                                                             pursuant to its
                                                             Rule 424(b)(1) 
                                                             on November 10,
                                                             1994.
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 thereunto duly authorized on the date indicated.

                                    Ford Credit 1994-B Grantor Trust
                                              (Registrant)

Date:  November 22, 1994            By:/s/R. P. Conrad
                                    ---------------------------------
                                       R. P. Conrad
                                    Assistant Secretary of Ford Credit
                                     Auto Receivables Corporation,
                                    originator of Trust
EXHIBIT INDEX

Designation                     Description                                  
- -----------                     -----------
Exhibit 4.1          Purchase Agreement dated as of 
                     November 1, 1994 between Ford Motor
                     Credit Company, as seller, and
                     Ford Credit Auto Receivables
                     Corporation, as purchaser.

Exhibit 4.2          Pooling and Servicing Agreement dated
                     as of November 1, 1994, among Ford
                     Motor Credit Company, as servicer,
                     Ford Credit Auto Receivables Corpor-
                     ation, as seller, and Chemcial Bank,
                     as trustee.

Exhibit 99           Prospectus dated November 8, 1994,
                     relating to the sale of Ford Credit
                     1994-B Grantor Trust 7.30% Asset
                     Backed Certificates, Class A.