Rule 424(b)(3)
File No. 333-29677
Pricing Supplement No. 0166 Dated: December 17, 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
__________________________________________________________________
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): January 8, 1998
Maturity Date: January 8, 2018
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 7.00% per annum.
Interest on the Note will be calculated on a 30/360 basis and will
be payable semiannually in arrears on the 8th day of each July and
January, commencing July 8, 1998, 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 15
days (whether or not a Business Day) immediately prior to such
Interest Payment Date.
__________________________________________________________________
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, commencing
January 8, 2000.
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.