UNITED STATES 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) March 29, 1996







                         NAVISTAR FINANCIAL CORPORATION          
           (Exact name of Registrant as specified in its charter)




                                 Delaware                    
               (State or other jurisdiction of incorporation)




       1-4146-1                                     36-2472404             
(Commission File Number)               (I.R.S. Employer Identification No.)




2850 West Golf Road Rolling Meadows, Illinois                      60008   
  (Address of principal executive offices)                       (Zip Code)





       Registrant's telephone number including area code 847-734-4275

<PAGE>

                  INFORMATION TO BE INCLUDED IN THE REPORT


Item 5. Other Events.


        Effective March 29, 1996, the Registrant amended and restated its
        existing $900 million bank revolving credit facility and its $300
        million asset-backed commercial paper ("ABCP") program supported by
        a bank liquidity facility, extending the maturity date of each
        facility to March 2001.  In addition, the commitment of the bank
        revolving credit facility was expanded to $925 million, the ABCP
        facility was increased to $400 million and a new pricing and fee
        schedule was established.  

Item 7. Financial Statements and Exhibits.

        (c) Exhibits:

            See attached Exhibit Index.




                                  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.




                                             NAVISTAR FINANCIAL CORPORATION
                                                      (Registrant)         



                                                                           



Date  June 5, 1996                  By:/s/ PHYLLIS E. COCHRAN              
                                           Phyllis E. Cochran
                                           Vice President & Controller

<PAGE>
                                EXHIBIT INDEX


Exhibit No.   Description


   4.1        Amendment No. 1 dated as of March 29, 1996 to the Loan and
              Security Agreement dated as of November 7, 1994 between Truck
              Retail Instalment Paper Corp. ("TRIP") and NFC Asset Trust (the
              "Trust").

   4.2        Amendment No. 1 and Consent dated as of March 29, 1996 to the
              Liquidity Agreement dated as of November 7, 1994 among NFC Asset
              Trust, certain lenders, and Chemical Bank, as Administrative
              Agent for the lenders.

   4.3        Amendment No. 2 dated as of March 29, 1996 to the Amended and
              Restated Credit Agreement dated as of November 4, 1994, as
              amended by Amendment No. 1 dated as of December 15, 1995 among
              the Registrant, certain banks, certain Co-Arranger banks, and
              Morgan Guaranty Trust Company of New York, as Administrative
              Agent.
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{"company-data": {"conformed-name": "NAVISTAR FINANCIAL CORP", "cik": "0000051303", "assigned-sic": "6159", "irs-number": "362472404", "state-of-incorporation": "DE", "fiscal-year-end": "1031"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04146", "film-number": "96577249"}, "business-address": {"street1": "2850 WEST GOLF RD", "city": "ROLLING MEADOWS", "state": "IL", "zip": "60008", "phone": "7087344275"}, "mail-address": {"street1": "2850 WEST GOLF ROAD", "city": "ROLLING MEADOWS", "state": "IL", "zip": "60008"}, "former-company": {"former-conformed-name": "INTERNATIONAL HARVESTER CREDIT CORP", "date-changed": "19860305"}}
UNITED STATES 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) March 29, 1996

                         NAVISTAR FINANCIAL CORPORATION          
           (Exact name of Registrant as specified in its charter)

                                 Delaware                    
               (State or other jurisdiction of incorporation)

       1-4146-1                                     36-2472404             
(Commission File Number)               (I.R.S. Employer Identification No.)

2850 West Golf Road Rolling Meadows, Illinois                      60008   
  (Address of principal executive offices)                       (Zip Code)

       Registrant's telephone number including area code 847-734-4275
INFORMATION TO BE INCLUDED IN THE REPORT

Item 5. Other Events.

        Effective March 29, 1996, the Registrant amended and restated its
        existing $900 million bank revolving credit facility and its $300
        million asset-backed commercial paper ("ABCP") program supported by
        a bank liquidity facility, extending the maturity date of each
        facility to March 2001.  In addition, the commitment of the bank
        revolving credit facility was expanded to $925 million, the ABCP
        facility was increased to $400 million and a new pricing and fee
        schedule was established.  

Item 7. Financial Statements and Exhibits.

        (c) Exhibits:

            See attached Exhibit Index.

                                  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.

                                             NAVISTAR FINANCIAL CORPORATION
                                                      (Registrant)         

                                                                           

Date  June 5, 1996                  By:/s/ PHYLLIS E. COCHRAN              
                                           Phyllis E. Cochran
                                           Vice President & Controller
EXHIBIT INDEX

Exhibit No.   Description

   4.1        Amendment No. 1 dated as of March 29, 1996 to the Loan and
              Security Agreement dated as of November 7, 1994 between Truck
              Retail Instalment Paper Corp. ("TRIP") and NFC Asset Trust (the
              "Trust").

   4.2        Amendment No. 1 and Consent dated as of March 29, 1996 to the
              Liquidity Agreement dated as of November 7, 1994 among NFC Asset
              Trust, certain lenders, and Chemical Bank, as Administrative
              Agent for the lenders.

   4.3        Amendment No. 2 dated as of March 29, 1996 to the Amended and
              Restated Credit Agreement dated as of November 4, 1994, as
              amended by Amendment No. 1 dated as of December 15, 1995 among
              the Registrant, certain banks, certain Co-Arranger banks, and
              Morgan Guaranty Trust Company of New York, as Administrative
              Agent.