Rule 424(b)(3)
File No. 333-29677
Pricing Supplement No. 0164 Dated: October 2, 1997
(To Prospectus dated June 26, 1997 and
Prospectus Supplement dated July 2, 1997)
XEROX CREDIT CORPORATION
Medium-Term Notes, Series F
Due Nine Months or More From Date of Issue
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GENERAL
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Principal Amount: $25,000,000
Issue Price: 109.175% of Principal Amount (see below under "If as
Principal" if Agent is acting as Principal)
Agent's Discount or Commission: None
Net proceeds to Company: $27,293,750 (109.175% of Principal Amount)
Original Issue Date (Settlement Date): October 7, 1997
Maturity Date: October 7, 1998
Agent: Lehman Brothers Inc.
Agent's capacity: / / As Agent
/X/ As Principal (see below)
If as Principal:
/X/ The Note is being offered at varying prices related to
prevailing market prices at the time of resale.
/ / The Note is being offered at a fixed initial public
offering price of % of Principal Amount.
Form: /X/ Book Entry / / Certificated
Specified Currency: U.S. Dollars
Authorized Denominations: $1,000
Integral Multiples in excess thereof: $1,000
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INTEREST
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/X/ Fixed Rate Note (other than Amortizing or Zero-Coupon Note):
The rate of interest on the Note will be 15.00% per annum.
Interest on the Note will be calculated on a 30/360 basis and will
be payable semiannually on April 7, 1998 and at Maturity in arrears
(each an "Interest Payment Date"), and the Regular Record Date in
respect of each Interest Payment Date will be the 23rd day (whether
or not a Business Day) of the month immediately preceding the month
in which such Interest Payment Date occurs.
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EARLY REDEMPTION AND/OR REPAYMENT, AND OPTIONAL EXTENSION
OF MATURITY DATE, RESETS AND PAYMENT CURRENCY
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Early redemption at Company's option:
/X/ No / / Yes
Early repayment at Holder's option:
/X/ No / / Yes
Option to extend Maturity Date:
/X/ No / / Yes
Option to reset interest rate:
/X/ No / / Yes
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ATTACHMENT
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None.
