SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549

                                FORM 10-K

(Mark One)

 XX ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
----EXCHANGE ACT OF 1934 (FEE REQUIRED)

For the fiscal year ended DECEMBER 31, 1995

                    OR

    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
----SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

For the transition period from                 to  
                              ----------------- 
------------------
Commission file number 33-63345



                     FORD CREDIT 1995-B GRANTOR TRUST
          (Ford Credit Auto Receivables Corporation - Originator)

           -----------------------------------------------------
           (Exact name of registrant as specified in its charter)


State of Incorporation:  Delaware

Employer Identification No.:  38-2973806

Address of principal executive offices:  The American Road
                                         Dearborn, Michigan 48121


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

Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:  NONE

     Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(c) 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. XX  Yes       No
       ------    ------<PAGE>
<Page 2>
                                 PART I.
ITEM 1.  BUSINESS

Ford Credit Auto Receivables Corporation ("FCARC") established the Ford
Credit 1995-B Grantor Trust (the "Trust") as of November 1, 1995 by selling
and assigning to Chemical Bank, as Trustee (the "Trustee"), property
including a pool of retail installment sale contracts secured by new and used
automobiles and light trucks (the "Receivables"), certain monies due
thereunder, security interests in the vehicles financed thereby and certain
other property in exchange for certificates representing fractional undivided
interests in the Trust (the "Certificates") consisting of two Classes of
Certificates:  a) the Class A Certificates evidencing in the aggregate an
undivided ownership interest of 93.5% of the Trust, which were sold to the
public, and b) the Class B Certificate evidencing in the aggregate an
undivided ownership interest of 6.5% of the Trust, which was retained by
FCARC.  The Trust does not intend to acquire additional retail installment
sale contracts and therefore the Receivable portfolio will continue to
liquidate.  Ford Motor Credit Company ("Ford Credit") services the
Receivables pursuant to a Pooling and Servicing Agreement dated as of
November 1, 1995 (the "Agreement") and is compensated for acting as the
Servicer.  In order to facilitate its servicing functions and minimize
administrative burdens and expenses, Ford Credit, as Servicer, retains
physical possession of the Receivables and documents relating thereto as
custodian for the Trustee.  The rights of the holders of the Class B
Certificates to receive distributions with respect to the Receivables are
subordinated, to the extent described in the Agreement, to the rights of the
holders of the Class A Certificates. 

ITEM 2.  PROPERTIES

The property of the Trust includes retail installment sale contracts
originated on or after November 1, 1994 between dealers (the "Dealers") and
retail purchasers (the "Obligors") secured by new and used automobiles and
light trucks (the "Financed Vehicles") and, in general, all payments due
thereunder on or after November 1, 1995 (the "Cutoff Date").

The Receivables were originated by Dealers in accordance with Ford Credit's
requirements under agreements with Dealers, for assignment to Ford Credit,
have been so assigned and were sold to FCARC by Ford Credit pursuant to a
Purchase Agreement dated November 1, 1995 ("Purchase Agreement), are serviced
by Ford Credit, and evidence the indirect financing made available by Ford
Credit to the Obligors.  The property of the Trust also includes (i) such
amounts as from time to time may be held in separate trust accounts
established and maintained pursuant to the Agreement, and the proceeds of
such accounts, (ii) security interests in the Financed Vehicles and any
accessions thereto, (iii) any Dealer Recourse, (iv) the right to proceeds of
credit life, credit disability, and physical damage insurance policies
covering the Financed Vehicles, (v) the rights of FCARC under the Purchase
Agreement and (vi) certain rebates of premiums and other amounts relating to
certain insurance policies and other items financed under the Receivables in
effect as of the November 1, 1995. 

<PAGE>
<Page 3>
Additionally, pursuant to agreements between Ford Credit and the
Dealers, the Dealers are obligated to repurchase from Ford Credit
Receivables which do not meet certain representations made by the
Dealers, as well as those covered by recourse plans ("Dealer
Recourse").

The Receivables were purchased by Ford Credit in the ordinary course of
business in accordance with Ford Credit's underwriting standards, which
emphasize the Obligor's ability to pay and creditworthiness, as well as the
asset value of the Financed Vehicle. 

The Receivables were selected from Ford Credit's portfolio by several
criteria, including the following:  each Receivable (i) was originated in the
United States, (ii) has a contractual Annual Percentage Rate ("APR") that
equals or exceeds 7.35%, (iii) provides for level monthly payments which
provide interest at the APR and fully amortize the amount financed over an
original term no greater than 60 months, (iv) was not more than 30 days past
due as of the Cutoff Date and has never been extended, (v) is attributable to
the purchase of a new or used automobile or light truck, and (vi) was
originated on or after November 1, 1994.

The Receivables were selected at random from Ford Credit's retail installment
sale contracts meeting the criteria described above, and no selection
procedures believed to be adverse to the Certificateholders were utilized in
selecting the Receivables from qualifying retail installment sale contracts. 

In addition to required repurchases by the Dealers in cases of
misrepresentations as stated above, on November 1, 1994, less than 1.0% of
the Receivables provided recourse to the Dealer which originated the
Receivables.  Dealers are generally obligated under these recourse plans for
payment of the unpaid principal balance of a defaulted contract, unless Ford
Credit fails to repossess the vehicle and deliver it to the Dealer within 90
days after default.  The Dealer's obligation generally terminates after the
first 24 monthly payments are made under the related contract.

All the Receivables are prepayable at any time.  If prepayments are received
on the Receivables, the actual weighted average life of the Receivables will
be shorter than that scheduled weighted average life, which is based on the
assumptions that payments will be made as scheduled, and that no prepayments
will be made.  (For this purpose the term "prepayments" includes liquidations
due to default, as well as receipt of proceeds from credit life, credit
disability, and casualty insurance policies.)  Weighted average life means
the average amount of time during which each dollar of principal on a
receivable is outstanding.

The rate of prepayments on the Receivables may be influenced by a variety of
economic, social and other factors, including the fact that an Obligor may
not sell or transfer a Financed Vehicle without the consent of Ford Credit. 
Ford Credit believes that the actual rate of prepayments will result in a
substantially shorter weighted average life than the scheduled weighted
average life of 28.78 months.  Based on the historical performance of Ford
Credit's portfolio of U. S. retail installment sale contracts for new and
<PAGE>
<Page 4>
used automobiles and light trucks (including previously sold contracts which
Ford Credit continues to service), the average effective term of such
contracts ranges between 60% and 70% of their scheduled contractual term. 
As of December 31, 1995, the pool consisted of 127,296 Receivables, of which
2,167, representing payments of $28,275,629.34 were delinquent 30 - 59 days;
204, representing payments of $2,750,554.76, were delinquent 60 - 89 days; 1,
representing a payment of $13,089.92, was delinquent 90 - 119 days; and 2,
representing payments of $18,135.27 were delinquent over 120 days.

Additional information concerning the pool balance, payment of principal and
interest, prepayments, the servicing fee, the weighted average maturity and
seasoning, the pool factor, and other information relating to the pool of
Receivables may be obtained in the monthly reports provided to Chemical Bank
by Ford Credit as Servicer (Exhibits 19-A through 19-G). 

ITEM 3.  LEGAL PROCEEDINGS

Nothing to report.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Nothing to report.
                               ITEM II.

ITEM 5.  MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER
         MATTERS

There were 65 Class A Certificateholders as of January 11, 1996.  There is no
established public trading market for the Certificates. 

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

Nothing to report.

<PAGE>
<Page 5>
                               PART III

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT
                                       (3) Amount and
                                           nature of
               (2) Name and Address        beneficial 
(1) Title of       of beneficial           ownership    (4) Percent
    of Class       owner*                  (in thousands)    of Class
----------------------------------------------------------------------
5.90% Asset       Bankers Trust Company      $160,940             9.8%
Backed            Corporate Securities Division
Certificates,     16 Wall Street, Level D
Class A           New York, NY 10005

5.90% Asset       The Chase Manhattan        $459,255            28.1%
Backed              Bank, N. A.
Certificates,     3B-Proxy Department
Class A           1 Chase Manhattan Plaza
                  New York, NY 10081

5.90% Asset       Boston Safe Deposit &      $ 86,695             5.3%
Backed              & Trust Co.
Certificates,     c/o ADP Proxy Services
Class A           51 Edgewood, NY  11717

5.90% Asset       PNC National Association   $151,560             9.3%
Backed            c/o ADP Proxy Services
Certificates,     51 Mercedes Way
Class A           Edgewood, NY  11717

5.90% Asset       Bank of New York           $127,440             7.8%
Backed            925 Patterson Plank Rd.
Certificates,     Secaucus, NJ  07094
Class A           
                  
5.90% Asset       Morgan Guaranty Trust      $176,000            10.7%
Backed              Company of New York
Certificates,     37 Wall Street, 16th Floor
Class A           New York, NY  10260

5.90% Asset       SSB Custodian              $193,675            11.8%
Backed            c/o ADP Proxy Services
Certificates,     51 Mercedes Way
Class A           Edgewood, NY  11717
                     

*As of January 11, 1996

<PAGE>
<Page 6>
ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Nothing to report.

ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
          ON FORM 8-K.

   (a)3.  Exhibits

Designation      Description                 Method of Filing
-----------      -----------                 ----------------

Exhibit 3-A      Restated Certificate of     Filed as Exhibit 3.1 to
                 Incorporation of Ford       Ford Credit Auto
                 Credit Auto Receivables     Receivables Corporation's
                 Corporation.                Registration Statement on
                                             Form S-1 (33-39027) and
                                             incorporated herein by 
                                             reference.

Exhibit 3-B      By-Laws of Ford Credit      Filed as Exhibit 3.2 to 
                 Auto Receivables Corpora-   Ford Credit Auto Receiv-
                 tion.                       ables Corporation's
                                             Registration Statement on
                                             Form S-1 (No. 33-39027)
                                             and incorporated herein
                                             by reference.   

Exhibit 4-A      Form of Pooling and         Filed as Exhibit 4.2 to
                 Servicing Agreement dated   Ford Credit 1995-B
                 as of November 1, 1995      Grantor Trust's Current
                 between Ford Credit Auto    Report on Form 8-K dated
                 Receivables Corporation,    November 28, 1995 and
                 as seller, Ford Credit as   incorporated herein by
                 Servicer and Chemical Bank  reference.
                 as Trustee.

Exhibit 4-B      Prospectus dated November   Filed as Exhibit 99 to
                 7, 1995, relating to sale   Ford Credit 1995-B
                 of Ford Credit 1995-B       Grantor Trust's Current
                 Grantor Trust 5.90% Asset   Report on Form 8-K dated
                 Backed Certificates.        November 28, 1995 and
                                             incorporated herein by
                                             reference.

<PAGE>
<Page 7>

Exhibit 19-A     Report for the month ended  Filed as Exhibit 19 to
                 November 30, 1995 provided  Ford Credit 1995-B 
                 to Chemical Bank, as        Grantor Trust's Current
                 Trustee under Ford Credit   Report on Form 8-K dated
                 1995-B Grantor Trust.       December 11, 1995 and
                                             incorporated herein by
                                             reference.

Exhibit 19-B     Report for the month ended  Filed as Exhibit 19 to
                 December 31, 1995 provided  Ford Credit 1995-B 
                 to Chemical Bank, as        Grantor Trust's Current
                 Trustee under Ford Credit   Report on Form 8-K dated
                 1995-B Grantor Trust.       January 9, 1996 and 
                                             incorporated herein by
                                             reference.

Exhibit 99       Selected Information        Filed with this report.
                 Relating to the Receivables.

<PAGE>
<Page 8>

  (b) REPORTS ON FORM 8-K

The Ford Credit 1995-B Grantor Trust filed a Current Report on Form 8-K dated
November 28, 1995 regarding the pool of Receivables in the Trust and the
servicing thereof as described in the Pooling and Servicing Agreement dated
as of November 1, 1995 among Ford Credit Auto Receivables Corporation, as
Seller, Ford Motor Credit Company, as Servicer and Chemical Bank, as Trustee
filed as Exhibit 4.2, and the Prospectus dated November 7, 1995 relating to
the issuance of $1,636,265,306.01 aggregate principal amount of Ford Credit
1995-B Grantor Trust 5.90% Asset Backed Certificates, Class A filed as 
Exhibit 99. 


Also, see Exhibits 19-A and 19-B.


                             SIGNATURES

Pursuant to the requirements of Section 13 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.

                                   FORD CREDIT 1995-B GRANTOR TRUST
                                   -------------------------------- 
                                             (Registrant) 



March 22, 1996                         By: /s/Richard P. Conrad
                                       -----------------------------
                                       Richard P. Conrad
                                       (Assistant Secretary of Ford Credit
                                       Auto Receivables Corporation
                                       originator of Trust)


<PAGE>
<Page 9>     
                          EXHIBIT INDEX

Exhibit
Number           Description of Exhibit                Page
-------          ----------------------                ----

Exhibit 3-A      Restated Certificate of                 *
                 Incorporation of Ford       
                 Credit Auto Receivables     
                 Corporation.                

Exhibit 3-B      By-Laws of Ford Credit                  *
                 Auto Receivables Corpora-    
                 tion.                           

Exhibit 4-A      Form of Pooling and                     *
                 Servicing Agreement dated   
                 as of November 1, 1995       
                 between Ford Credit Auto    
                 Receivables Corporation,
                 as seller, Ford Credit as   
                 Servicer and Chemical Bank  
                 as Trustee.

Exhibit 4-B      Prospectus dated November               *
                 28, 1995, relating to sale  
                 of Ford Credit 1995-B       
                 Grantor Trust 5,90% Asset   
                 Backed Certificates.        

Exhibit 19-A     Report for the month ended              *
                 November 30, 1995 provided  
                 to Chemical Bank, as        
                 Trustee under Ford Credit   
                 1995-B Grantor Trust.       
                                             
Exhibit 19-B     Report for the month ended              *
                 December 31, 1995 provided  
                 to Chemical Bank, as        
                 Trustee under Ford Credit   
                 1995-B Grantor Trust.       
                                             
Exhibit 99       Selected Information                    Filed with this 
                 Relating to the Receivables.            Report.
 
----------------
*Previously Filed
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 18234}]
{"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": "96537259"}, "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 10-K

(Mark One)

 XX ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES
----EXCHANGE ACT OF 1934 (FEE REQUIRED)

For the fiscal year ended DECEMBER 31, 1995

                    OR

    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
----SECURITIES EXCHANGE ACT OF 1934 (NO FEE REQUIRED)

For the transition period from                 to  
                              ----------------- 
------------------
Commission file number 33-63345

                     FORD CREDIT 1995-B GRANTOR TRUST
          (Ford Credit Auto Receivables Corporation - Originator)

           -----------------------------------------------------
           (Exact name of registrant as specified in its charter)

State of Incorporation:  Delaware

Employer Identification No.:  38-2973806

Address of principal executive offices:  The American Road
                                         Dearborn, Michigan 48121

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

Securities registered pursuant to Section 12(b) of the Act:  NONE

Securities registered pursuant to Section 12(g) of the Act:  NONE

     Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(c) 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. XX  Yes       No
       ------    ------
PART I.
ITEM 1.  BUSINESS

Ford Credit Auto Receivables Corporation ("FCARC") established the Ford
Credit 1995-B Grantor Trust (the "Trust") as of November 1, 1995 by selling
and assigning to Chemical Bank, as Trustee (the "Trustee"), property
including a pool of retail installment sale contracts secured by new and used
automobiles and light trucks (the "Receivables"), certain monies due
thereunder, security interests in the vehicles financed thereby and certain
other property in exchange for certificates representing fractional undivided
interests in the Trust (the "Certificates") consisting of two Classes of
Certificates:  a) the Class A Certificates evidencing in the aggregate an
undivided ownership interest of 93.5% of the Trust, which were sold to the
public, and b) the Class B Certificate evidencing in the aggregate an
undivided ownership interest of 6.5% of the Trust, which was retained by
FCARC.  The Trust does not intend to acquire additional retail installment
sale contracts and therefore the Receivable portfolio will continue to
liquidate.  Ford Motor Credit Company ("Ford Credit") services the
Receivables pursuant to a Pooling and Servicing Agreement dated as of
November 1, 1995 (the "Agreement") and is compensated for acting as the
Servicer.  In order to facilitate its servicing functions and minimize
administrative burdens and expenses, Ford Credit, as Servicer, retains
physical possession of the Receivables and documents relating thereto as
custodian for the Trustee.  The rights of the holders of the Class B
Certificates to receive distributions with respect to the Receivables are
subordinated, to the extent described in the Agreement, to the rights of the
holders of the Class A Certificates. 

ITEM 2.  PROPERTIES

The property of the Trust includes retail installment sale contracts
originated on or after November 1, 1994 between dealers (the "Dealers") and
retail purchasers (the "Obligors") secured by new and used automobiles and
light trucks (the "Financed Vehicles") and, in general, all payments due
thereunder on or after November 1, 1995 (the "Cutoff Date").

The Receivables were originated by Dealers in accordance with Ford Credit's
requirements under agreements with Dealers, for assignment to Ford Credit,
have been so assigned and were sold to FCARC by Ford Credit pursuant to a
Purchase Agreement dated November 1, 1995 ("Purchase Agreement), are serviced
by Ford Credit, and evidence the indirect financing made available by Ford
Credit to the Obligors.  The property of the Trust also includes (i) such
amounts as from time to time may be held in separate trust accounts
established and maintained pursuant to the Agreement, and the proceeds of
such accounts, (ii) security interests in the Financed Vehicles and any
accessions thereto, (iii) any Dealer Recourse, (iv) the right to proceeds of
credit life, credit disability, and physical damage insurance policies
covering the Financed Vehicles, (v) the rights of FCARC under the Purchase
Agreement and (vi) certain rebates of premiums and other amounts relating to
certain insurance policies and other items financed under the Receivables in
effect as of the November 1, 1995.
Additionally, pursuant to agreements between Ford Credit and the
Dealers, the Dealers are obligated to repurchase from Ford Credit
Receivables which do not meet certain representations made by the
Dealers, as well as those covered by recourse plans ("Dealer
Recourse").

The Receivables were purchased by Ford Credit in the ordinary course of
business in accordance with Ford Credit's underwriting standards, which
emphasize the Obligor's ability to pay and creditworthiness, as well as the
asset value of the Financed Vehicle. 

The Receivables were selected from Ford Credit's portfolio by several
criteria, including the following:  each Receivable (i) was originated in the
United States, (ii) has a contractual Annual Percentage Rate ("APR") that
equals or exceeds 7.35%, (iii) provides for level monthly payments which
provide interest at the APR and fully amortize the amount financed over an
original term no greater than 60 months, (iv) was not more than 30 days past
due as of the Cutoff Date and has never been extended, (v) is attributable to
the purchase of a new or used automobile or light truck, and (vi) was
originated on or after November 1, 1994.

The Receivables were selected at random from Ford Credit's retail installment
sale contracts meeting the criteria described above, and no selection
procedures believed to be adverse to the Certificateholders were utilized in
selecting the Receivables from qualifying retail installment sale contracts. 

In addition to required repurchases by the Dealers in cases of
misrepresentations as stated above, on November 1, 1994, less than 1.0% of
the Receivables provided recourse to the Dealer which originated the
Receivables.  Dealers are generally obligated under these recourse plans for
payment of the unpaid principal balance of a defaulted contract, unless Ford
Credit fails to repossess the vehicle and deliver it to the Dealer within 90
days after default.  The Dealer's obligation generally terminates after the
first 24 monthly payments are made under the related contract.

All the Receivables are prepayable at any time.  If prepayments are received
on the Receivables, the actual weighted average life of the Receivables will
be shorter than that scheduled weighted average life, which is based on the
assumptions that payments will be made as scheduled, and that no prepayments
will be made.  (For this purpose the term "prepayments" includes liquidations
due to default, as well as receipt of proceeds from credit life, credit
disability, and casualty insurance policies.)  Weighted average life means
the average amount of time during which each dollar of principal on a
receivable is outstanding.

The rate of prepayments on the Receivables may be influenced by a variety of
economic, social and other factors, including the fact that an Obligor may
not sell or transfer a Financed Vehicle without the consent of Ford Credit. 
Ford Credit believes that the actual rate of prepayments will result in a
substantially shorter weighted average life than the scheduled weighted
average life of 28.78 months.  Based on the historical performance of Ford
Credit's portfolio of U. S. retail installment sale contracts for new and
used automobiles and light trucks (including previously sold contracts which
Ford Credit continues to service), the average effective term of such
contracts ranges between 60% and 70% of their scheduled contractual term. 
As of December 31, 1995, the pool consisted of 127,296 Receivables, of which
2,167, representing payments of $28,275,629.34 were delinquent 30 - 59 days;
204, representing payments of $2,750,554.76, were delinquent 60 - 89 days; 1,
representing a payment of $13,089.92, was delinquent 90 - 119 days; and 2,
representing payments of $18,135.27 were delinquent over 120 days.

Additional information concerning the pool balance, payment of principal and
interest, prepayments, the servicing fee, the weighted average maturity and
seasoning, the pool factor, and other information relating to the pool of
Receivables may be obtained in the monthly reports provided to Chemical Bank
by Ford Credit as Servicer (Exhibits 19-A through 19-G). 

ITEM 3.  LEGAL PROCEEDINGS

Nothing to report.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

Nothing to report.
                               ITEM II.

ITEM 5.  MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER
         MATTERS

There were 65 Class A Certificateholders as of January 11, 1996.  There is no
established public trading market for the Certificates. 

ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTS ON ACCOUNTING AND
         FINANCIAL DISCLOSURE

Nothing to report.
PART III

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
          MANAGEMENT
                                       (3) Amount and
                                           nature of
               (2) Name and Address        beneficial 
(1) Title of       of beneficial           ownership    (4) Percent
    of Class       owner*                  (in thousands)    of Class
----------------------------------------------------------------------
5.90% Asset       Bankers Trust Company      $160,940             9.8%
Backed            Corporate Securities Division
Certificates,     16 Wall Street, Level D
Class A           New York, NY 10005

5.90% Asset       The Chase Manhattan        $459,255            28.1%
Backed              Bank, N. A.
Certificates,     3B-Proxy Department
Class A           1 Chase Manhattan Plaza
                  New York, NY 10081

5.90% Asset       Boston Safe Deposit &      $ 86,695             5.3%
Backed              & Trust Co.
Certificates,     c/o ADP Proxy Services
Class A           51 Edgewood, NY  11717

5.90% Asset       PNC National Association   $151,560             9.3%
Backed            c/o ADP Proxy Services
Certificates,     51 Mercedes Way
Class A           Edgewood, NY  11717

5.90% Asset       Bank of New York           $127,440             7.8%
Backed            925 Patterson Plank Rd.
Certificates,     Secaucus, NJ  07094
Class A           
                  
5.90% Asset       Morgan Guaranty Trust      $176,000            10.7%
Backed              Company of New York
Certificates,     37 Wall Street, 16th Floor
Class A           New York, NY  10260

5.90% Asset       SSB Custodian              $193,675            11.8%
Backed            c/o ADP Proxy Services
Certificates,     51 Mercedes Way
Class A           Edgewood, NY  11717
                     

*As of January 11, 1996
ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

Nothing to report.

ITEM 14.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS
          ON FORM 8-K.

   (a)3.  Exhibits

Designation      Description                 Method of Filing
-----------      -----------                 ----------------

Exhibit 3-A      Restated Certificate of     Filed as Exhibit 3.1 to
                 Incorporation of Ford       Ford Credit Auto
                 Credit Auto Receivables     Receivables Corporation's
                 Corporation.                Registration Statement on
                                             Form S-1 (33-39027) and
                                             incorporated herein by 
                                             reference.

Exhibit 3-B      By-Laws of Ford Credit      Filed as Exhibit 3.2 to 
                 Auto Receivables Corpora-   Ford Credit Auto Receiv-
                 tion.                       ables Corporation's
                                             Registration Statement on
                                             Form S-1 (No. 33-39027)
                                             and incorporated herein
                                             by reference.   

Exhibit 4-A      Form of Pooling and         Filed as Exhibit 4.2 to
                 Servicing Agreement dated   Ford Credit 1995-B
                 as of November 1, 1995      Grantor Trust's Current
                 between Ford Credit Auto    Report on Form 8-K dated
                 Receivables Corporation,    November 28, 1995 and
                 as seller, Ford Credit as   incorporated herein by
                 Servicer and Chemical Bank  reference.
                 as Trustee.

Exhibit 4-B      Prospectus dated November   Filed as Exhibit 99 to
                 7, 1995, relating to sale   Ford Credit 1995-B
                 of Ford Credit 1995-B       Grantor Trust's Current
                 Grantor Trust 5.90% Asset   Report on Form 8-K dated
                 Backed Certificates.        November 28, 1995 and
                                             incorporated herein by
                                             reference.
Exhibit 19-A     Report for the month ended  Filed as Exhibit 19 to
                 November 30, 1995 provided  Ford Credit 1995-B 
                 to Chemical Bank, as        Grantor Trust's Current
                 Trustee under Ford Credit   Report on Form 8-K dated
                 1995-B Grantor Trust.       December 11, 1995 and
                                             incorporated herein by
                                             reference.

Exhibit 19-B     Report for the month ended  Filed as Exhibit 19 to
                 December 31, 1995 provided  Ford Credit 1995-B 
                 to Chemical Bank, as        Grantor Trust's Current
                 Trustee under Ford Credit   Report on Form 8-K dated
                 1995-B Grantor Trust.       January 9, 1996 and 
                                             incorporated herein by
                                             reference.

Exhibit 99       Selected Information        Filed with this report.
                 Relating to the Receivables.
(b) REPORTS ON FORM 8-K

The Ford Credit 1995-B Grantor Trust filed a Current Report on Form 8-K dated
November 28, 1995 regarding the pool of Receivables in the Trust and the
servicing thereof as described in the Pooling and Servicing Agreement dated
as of November 1, 1995 among Ford Credit Auto Receivables Corporation, as
Seller, Ford Motor Credit Company, as Servicer and Chemical Bank, as Trustee
filed as Exhibit 4.2, and the Prospectus dated November 7, 1995 relating to
the issuance of $1,636,265,306.01 aggregate principal amount of Ford Credit
1995-B Grantor Trust 5.90% Asset Backed Certificates, Class A filed as 
Exhibit 99. 

Also, see Exhibits 19-A and 19-B.

                             SIGNATURES

Pursuant to the requirements of Section 13 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.

                                   FORD CREDIT 1995-B GRANTOR TRUST
                                   -------------------------------- 
                                             (Registrant) 

March 22, 1996                         By: /s/Richard P. Conrad
                                       -----------------------------
                                       Richard P. Conrad
                                       (Assistant Secretary of Ford Credit
                                       Auto Receivables Corporation
                                       originator of Trust)
EXHIBIT INDEX

Exhibit
Number           Description of Exhibit                Page
-------          ----------------------                ----

Exhibit 3-A      Restated Certificate of                 *
                 Incorporation of Ford       
                 Credit Auto Receivables     
                 Corporation.                

Exhibit 3-B      By-Laws of Ford Credit                  *
                 Auto Receivables Corpora-    
                 tion.                           

Exhibit 4-A      Form of Pooling and                     *
                 Servicing Agreement dated   
                 as of November 1, 1995       
                 between Ford Credit Auto    
                 Receivables Corporation,
                 as seller, Ford Credit as   
                 Servicer and Chemical Bank  
                 as Trustee.

Exhibit 4-B      Prospectus dated November               *
                 28, 1995, relating to sale  
                 of Ford Credit 1995-B       
                 Grantor Trust 5,90% Asset   
                 Backed Certificates.        

Exhibit 19-A     Report for the month ended              *
                 November 30, 1995 provided  
                 to Chemical Bank, as        
                 Trustee under Ford Credit   
                 1995-B Grantor Trust.       
                                             
Exhibit 19-B     Report for the month ended              *
                 December 31, 1995 provided  
                 to Chemical Bank, as        
                 Trustee under Ford Credit   
                 1995-B Grantor Trust.       
                                             
Exhibit 99       Selected Information                    Filed with this 
                 Relating to the Receivables.            Report.
 
----------------
*Previously Filed