Rule 424(b)(3)
File No. 33-61481
Pricing Supplement No. 0153 Dated: January 7, 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 (.125% of Principal Amount)
Net proceeds to Company: $24,968,750 (99.875% of Principal Amount)
Original Issue Date (Settlement Date): January 24, 1997
Maturity Date: January 24, 2012
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:
From and including: To, but excluding: Rate:
January 24, 1997 January 24, 1998 7.250%
January 24, 1998 January 24, 1999 7.250%
January 24, 1999 January 24, 2000 7.300%
January 24, 2000 January 24, 2001 7.350%
January 24, 2001 January 24, 2002 7.400%
January 24, 2002 January 24, 2003 7.450%
January 24, 2003 January 24, 2004 7.500%
January 24, 2004 January 24, 2005 7.550%
January 24, 2005 January 24, 2006 7.600%
January 24, 2006 January 24, 2007 7.650%
January 24, 2007 January 24, 2008 8.000%
January 24, 2008 January 24, 2009 8.500%
January 24, 2009 January 24, 2010 9.000%
January 24, 2010 January 24, 2011 9.500%
January 24, 2011 Maturity Date 10.000%
Interest on the Note will be calculated on a 30/360 basis and
will be payable semi-annually on the 24th day of each July and
January, commencing July 24, 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
ninth day (whether or not a Business Day) of 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, commencing
January 24, 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.
