CHRYSLER FINANCIAL CORP
424B3, 1994-05-20
PERSONAL CREDIT INSTITUTIONS
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                                      Filed Pursuant to Rule 424(b)(3)
                                      Registration Nos. 33-50385 and 33-52421

PRICING SUPPLEMENT NO. 44, dated May 19, 1994
(To Prospectus dated March 7, 1994 and
Prospectus Supplement dated March 28, 1994)

                                  $1,200,000,000
                          Chrysler Financial Corporation
                            Medium-Term Notes, Series M
                                 Fixed Rate Notes
                      Due 9 Months or More From Date of Issue

Principal Amount:    $15,000,000

Issue Price:         100%

Original Issue Date: May 26, 1994

Stated Maturity:     May 26, 1998

Interest Rate:       7.14%

Interest Payment Dates:   January 15 and July 15

Specified Currency:       U.S. Dollars
     (If other than U.S. Dollars, see attachment hereto)

Option to Receive Payments in Specified Currency:  [ ] Yes   [ ] No
     (Applicable only if Specified Currency is other than U.S. Dollars)

Authorized Denominations:
     (Applicable only if Specified Currency is other than U.S. Dollars)

Redemption:    [X] The Notes cannot be redeemed prior to maturity.
               [ ] The Notes may be redeemed prior to maturity.

Initial Redemption Date:

The Redemption Price shall initially be      % of the principal amount of the
Notes to be redeemed and shall decline at each anniversary of the initial
Redemption Date by     % of the principal amount to be redeemed until the
Redemption Price is 100% of such principal amount.

Repayment:     [X] The Notes cannot be repaid prior to maturity.
               [ ] The Notes can be repaid prior to maturity at the option of
                   the holder of the Notes.

Optional Repayment Date(s):

Repayment Price:

Discount Notes:     [ ] Yes   [X] No

     Total Amount of OID:
     Yield to Maturity:
     Initial Accrual Period OID:

Agent's Discount or Commission:    .45%

Agent's Capacity:   [X] Agent   [ ] Principal

Net proceeds to Company (if sale to Agent as principal):   

Agent:    [X] Merrill Lynch & Co.       [ ] Salomon Brothers Inc

          [ ] Other:  



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