XEROX CREDIT CORP
424B3, 1997-03-26
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
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                                                   Rule 424(b)(3)
                                                File No. 33-61481

Pricing Supplement No. 0158                 Dated: March 25, 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
__________________________________________________________________

                              GENERAL
__________________________________________________________________

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: None
Net proceeds to Company: $25,000,000 (100% of Principal Amount)
Original Issue Date (Settlement Date): April 16, 1997
Maturity Date: April 16, 2012
Agent: Smith Barney 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
__________________________________________________________________

                             INTEREST
__________________________________________________________________

/X/ Fixed Rate Note (other than Amortizing or Zero-Coupon Note):
    
The rate of interest on the Note will be as follows:

  From and including   To, but excluding   Rate Per Annum
  ------------------   -----------------   --------------
  April 16, 1997       April 16, 1998       7.50%
  April 16, 1998       April 16, 1999       7.50%
  April 16, 1999       April 16, 2000       7.55%
  April 16, 2000       April 16, 2001       7.60%
  April 16, 2001       April 16, 2002       7.65%
  April 16, 2002       April 16, 2003       7.70%
  April 16, 2003       April 16, 2004       7.75%
  April 16, 2004       April 16, 2005       7.80%
  April 16, 2005       April 16, 2006       7.85%
  April 16, 2006       April 16, 2007       7.90%
  April 16, 2007       April 16, 2008       7.95%
  April 16, 2008       April 16, 2009       8.00%
  April 16, 2009       April 16, 2010       8.50%
  April 16, 2010       April 16, 2011       9.00%
  April 16, 2011       Maturity Date       10.00%

Interest on the Note will be calculated on a 30/360 basis and 
will be payable semiannually in arrears on October 16 and April 16 
of each year, commencing October 16, 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 first day (whether or not a Business Day) of the month in 
which such Interest Payment Date occurs. 
__________________________________________________________________
 
    EARLY REDEMPTION AND/OR REPAYMENT, AND OPTIONAL EXTENSION
          OF MATURITY DATE, RESETS AND PAYMENT CURRENCY
__________________________________________________________________
 
Early redemption at Company's option: 
  / / No    /X/ Yes  (See below)

  Redemption date(s): Each Interest Payment Date excluding the 
    Maturity Date, commencing April 16, 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
__________________________________________________________________

                            ATTACHMENT
__________________________________________________________________
 
None.



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