Rule 424(b)(3)
File No. 33-61481
Pricing Supplement No. 0157 Dated: March 12, 1997
(To Prospectus dated November 2, 1995 and
Prospectus Supplement dated November 2, 1995)
XEROX CREDIT CORPORATION
Medium-Term Notes, Series E
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: 100% of Principal Amount (see below under "If as
Principal" if Agent is acting as Principal)
Agent's Discount or Commission: $31,250 (0.125% of Principal Amount)
Net proceeds to Company: $24,968,750 (99.875% of Principal Amount)
Original Issue Date (Settlement Date): April 2, 1997
Maturity Date: April 2, 2007
Agent: Goldman, Sachs & Co.
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):
Fixed Rate of: 7.125% per annum
Interest on the Note will be calculated on a 30/360 basis and
will be payable monthly on the second day of each month,
commencing May 2, 1997, through and including the date of
Maturity (each, an "Interest Payment Date"), and the Regular
Record Date in respect of each Interest Payment Date will be
the 15th 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:
/ / No /X/ Yes (See below)
Redemption date(s): Each Interest Payment Date occurring in
April and October of each year, commencing April 2, 1999
Redemption price(s): 100% of the principal amount of the Note
Other provisions: The Note may be redeemed only in whole and
not in part, and upon at least 30 days prior notice to the
Holder of the Note.
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.
