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)  January 5, 1996

                    FORD MOTOR CREDIT COMPANY
      -----------------------------------------------------
      (Exact name of registrant as specified in its charter)


INCORPORATED IN DELAWARE           1-6368            38-1612444
------------------------   ----------------------- -------------
(State of other juris-     (Commission File Number) (IRS Employer
diction of incorporation)                          Identification
                                                        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 Motor Credit Company, a Delaware corporation (the
"Company"), has registered Debt Securities ("Debt Securities") 
pursuant to Registration Statement No. 33-55237.  The Debt
Securities were registered on Form S-3 to be offered on a delayed
or continuous basis pursuant to Rule 4l5 under the Securities Act
of 1933.  The Company has created a series of Debt Securities for
issuance under an Indenture dated as of August 1, 1994, between
the Company and First Union National Bank (formerly First Fidelity 
Bank, National Association) ("the Indenture") in the aggregate 
principal amount of $750,000,000.  Such series has been designated 
as the Company's 6 1/8% Notes due January 9, 2006 (the "Notes").  
The entire issue of the Notes will be represented by four Global 
Securities, three each in the aggregate principal amount of 
$200,000,000 and one in the aggregate principal amount of 
$150,000,000 (the "Global Securities") except that in certain 
circumstances as provided in such Indenture, the Global Securities 
will be exchanged for Notes in definitive form (the "Definitive 
Notes").  Copies of the form of specimen Global Security and form of
Definitive Note are being filed as exhibits to this Report.     
       
ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.

                              EXHIBITS

DESIGNATION             DESCRIPTION              METHOD OF FILING
-----------             -----------              ----------------

Exhibit 4.1     Form of specimen Global Security     Filed with
                relating to Ford Motor Credit        this Report.
                Company's 6 1/8% Notes due
                January 9, 2006.

Exhibit 4.2     Form of Definitive Note relating     Filed with
                to Ford Motor Credit Company's       this Report.
                6 1/8% Notes due January 9, 2006.

                                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 MOTOR CREDIT COMPANY
                                         (Registrant)

Date:  January 5, 1996             By: /s/ R. P. Conrad
                                   ------------------------
                                    R. P. Conrad
                                    Assistant Secretary
<PAGE>
                                      
                           EXHIBIT INDEX


DESIGNATION             DESCRIPTION              
-----------             -----------              
Exhibit 4.1     Form of specimen Global Security    
                relating to Ford Motor Credit        
                Company's 6 1/8% Notes due
                January 9, 2006.

Exhibit 4.2     Form of Definitive Note relating    
                to Ford Motor Credit Company's       
                6 1/8% Notes due January 9, 2006.
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 4150}]
{"company-data": {"conformed-name": "FORD MOTOR CREDIT CO", "cik": "0000038009", "assigned-sic": "6141", "irs-number": "381612444", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-06368", "film-number": "96501414"}, "business-address": {"street1": "THE AMERICAN RD", "street2": "PO BOX 6044", "city": "DEARBORN", "state": "MI", "zip": "48121", "phone": "3133223000"}, "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)  January 5, 1996

                    FORD MOTOR CREDIT COMPANY
      -----------------------------------------------------
      (Exact name of registrant as specified in its charter)

INCORPORATED IN DELAWARE           1-6368            38-1612444
------------------------   ----------------------- -------------
(State of other juris-     (Commission File Number) (IRS Employer
diction of incorporation)                          Identification
                                                        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 Motor Credit Company, a Delaware corporation (the
"Company"), has registered Debt Securities ("Debt Securities") 
pursuant to Registration Statement No. 33-55237.  The Debt
Securities were registered on Form S-3 to be offered on a delayed
or continuous basis pursuant to Rule 4l5 under the Securities Act
of 1933.  The Company has created a series of Debt Securities for
issuance under an Indenture dated as of August 1, 1994, between
the Company and First Union National Bank (formerly First Fidelity 
Bank, National Association) ("the Indenture") in the aggregate 
principal amount of $750,000,000.  Such series has been designated 
as the Company's 6 1/8% Notes due January 9, 2006 (the "Notes").  
The entire issue of the Notes will be represented by four Global 
Securities, three each in the aggregate principal amount of 
$200,000,000 and one in the aggregate principal amount of 
$150,000,000 (the "Global Securities") except that in certain 
circumstances as provided in such Indenture, the Global Securities 
will be exchanged for Notes in definitive form (the "Definitive 
Notes").  Copies of the form of specimen Global Security and form of
Definitive Note are being filed as exhibits to this Report.     
       
ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.

                              EXHIBITS

DESIGNATION             DESCRIPTION              METHOD OF FILING
-----------             -----------              ----------------

Exhibit 4.1     Form of specimen Global Security     Filed with
                relating to Ford Motor Credit        this Report.
                Company's 6 1/8% Notes due
                January 9, 2006.

Exhibit 4.2     Form of Definitive Note relating     Filed with
                to Ford Motor Credit Company's       this Report.
                6 1/8% Notes due January 9, 2006.

                                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 MOTOR CREDIT COMPANY
                                         (Registrant)

Date:  January 5, 1996             By: /s/ R. P. Conrad
                                   ------------------------
                                    R. P. Conrad
                                    Assistant Secretary
EXHIBIT INDEX

DESIGNATION             DESCRIPTION              
-----------             -----------              
Exhibit 4.1     Form of specimen Global Security    
                relating to Ford Motor Credit        
                Company's 6 1/8% Notes due
                January 9, 2006.

Exhibit 4.2     Form of Definitive Note relating    
                to Ford Motor Credit Company's       
                6 1/8% Notes due January 9, 2006.