IBM CREDIT CORP
424B2, 1994-05-05
FINANCE LESSORS
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    PRICING SUPPLEMENT NO. 42                TO PROSPECTUS DATED April 16, 1993
                                                     RULE NO. 424 (b) (2)
                                                     REGISTRATION NO. 33-44594
                        (AS SUPPLEMENTED August 17, 1993)


                             IBM CREDIT CORPORATION


                                MEDIUM-TERM NOTE



               (DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE)



                                (FIXED RATE NOTE)


    Principal Amount: $300,000.00                                     Designation      : N9401013

    Issue Price (as a % of Principal Amount): 99.850%                 Orig. Issue Date : 05/11/94

    Record Dates: 02/15, 08/15                                        Maturity Date    : 05/12/95

    Interest Payment Dates: 02/15, 08/15                              Initial Int. Rate:  5.30000% per yr.


    Redemption:


    Check opposite applicable paragraph.



    XXX
    -----  The Notes cannot be redeemed prior to maturity.

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    -----  The Notes may be redeemed prior to maturity.



    Initial Redemption Date: N/A

         The Optional Redemption Price shall initially be N/A of the principal
    amount of the Note to be redeemed and shall decline at each anniversary
    of the Initial Redemption Dates by N/A of the principal amount to be
    redeemed until the Optional redemption Price is 100% of such principal
    amount.

    OTHER: $1,000.00 minimum denominations.  Interest rates offered by the
               Company may differ depending upon the principal amount
               purchased in any single transaction.

    DATED 05/05/94
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    PRICING SUPPLEMENT NO. 38                TO PROSPECTUS DATED April 16, 1993
                                                     RULE NO. 424 (b) (2)
                                                     REGISTRATION NO. 33-44594
                        (AS SUPPLEMENTED August 17, 1993)


                             IBM CREDIT CORPORATION


                                MEDIUM-TERM NOTE



               (DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE)



                                (FIXED RATE NOTE)


    Principal Amount: $3,000,000.00                                   Designation      : N9402020

    Issue Price (as a % of Principal Amount): 99.700%                 Orig. Issue Date : 05/09/94

    Record Dates: 02/15, 08/15                                        Maturity Date    : 05/10/96

    Interest Payment Dates: 02/15, 08/15                              Initial Int. Rate:  6.02000% per yr.


    Redemption:


    Check opposite applicable paragraph.

<PAGE>

    XXX
    -----  The Notes cannot be redeemed prior to maturity.



    -----  The Notes may be redeemed prior to maturity.



    Initial Redemption Date: N/A

         The Optional Redemption Price shall initially be N/A of the principal
    amount of the Note to be redeemed and shall decline at each anniversary
    of the Initial Redemption Dates by N/A of the principal amount to be
    redeemed until the Optional redemption Price is 100% of such principal
    amount.

    OTHER: $1,000.00 minimum denominations.  Interest rates offered by the
               Company may differ depending upon the principal amount
               purchased in any single transaction.


    DATED 05/05/94
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    PRICING SUPPLEMENT NO. 40                TO PROSPECTUS DATED April 16, 1993
                                                     RULE NO. 424 (b) (2)
                                                     REGISTRATION NO. 33-44594
                        (AS SUPPLEMENTED August 17, 1993)


                             IBM CREDIT CORPORATION


                                MEDIUM-TERM NOTE



               (DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE)



                                (FIXED RATE NOTE)


    Principal Amount: $10,000,000.00                                  Designation      : N9402021

    Issue Price (as a % of Principal Amount): 99.947%                 Orig. Issue Date : 05/10/94

    Record Dates: 02/15, 08/15                                        Maturity Date    : 05/13/96

    Interest Payment Dates: 02/15, 08/15                              Initial Int. Rate:  6.24000% per yr.


<PAGE>
    Redemption:


    Check opposite applicable paragraph.



    XXX
    -----  The Notes cannot be redeemed prior to maturity.



    -----  The Notes may be redeemed prior to maturity.



    Initial Redemption Date: N/A

         The Optional Redemption Price shall initially be N/A of the principal
    amount of the Note to be redeemed and shall decline at each anniversary
    of the Initial Redemption Dates by N/A of the principal amount to be
    redeemed until the Optional redemption Price is 100% of such principal
    amount.

    OTHER: $1,000.00 minimum denominations.  Interest rates offered by the
               Company may differ depending upon the principal amount
               purchased in any single transaction.

    DATED 05/05/94
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           PAGE  1

    PRICING SUPPLEMENT NO. 41                TO PROSPECTUS DATED April 16, 1993
                                                     RULE NO. 424 (b) (2)
                                                     REGISTRATION NO. 33-44594
                        (AS SUPPLEMENTED August 17, 1993)


                             IBM CREDIT CORPORATION


                                MEDIUM-TERM NOTE



               (DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE)



                                (FIXED RATE NOTE)


    Principal Amount: $5,000,000.00                                   Designation      : N9402022

    Issue Price (as a % of Principal Amount): 99.798%                 Orig. Issue Date : 05/10/94

<PAGE>
    Record Dates: 02/15, 08/15                                        Maturity Date    : 05/13/96

    Interest Payment Dates: 02/15, 08/15                              Initial Int. Rate:  6.16000% per yr.


    Redemption:


    Check opposite applicable paragraph.



    XXX
    -----  The Notes cannot be redeemed prior to maturity.



    -----  The Notes may be redeemed prior to maturity.



    Initial Redemption Date: N/A

         The Optional Redemption Price shall initially be N/A of the principal
    amount of the Note to be redeemed and shall decline at each anniversary
    of the Initial Redemption Dates by N/A of the principal amount to be
    redeemed until the Optional redemption Price is 100% of such principal
    amount.

    OTHER: $1,000.00 minimum denominations.  Interest rates offered by the
               Company may differ depending upon the principal amount
               purchased in any single transaction.

    DATED 05/05/94
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    PRICING SUPPLEMENT NO. 43                TO PROSPECTUS DATED April 16, 1993
                                                     RULE NO. 424 (b) (2)
                                                     REGISTRATION NO. 33-44594
                        (AS SUPPLEMENTED August 17, 1993)


                             IBM CREDIT CORPORATION


                                MEDIUM-TERM NOTE



               (DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE)



                                (FIXED RATE NOTE)

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    Principal Amount: $1,000,000.00                                   Designation      : N9402023

    Issue Price (as a % of Principal Amount): 99.751%                 Orig. Issue Date : 05/11/94

    Record Dates: 02/15, 08/15                                        Maturity Date    : 05/13/96

    Interest Payment Dates: 02/15, 08/15                              Initial Int. Rate:  6.19000% per yr.


    Redemption:


    Check opposite applicable paragraph.



    XXX
    -----  The Notes cannot be redeemed prior to maturity.



    -----  The Notes may be redeemed prior to maturity.



    Initial Redemption Date: N/A

         The Optional Redemption Price shall initially be N/A of the principal
    amount of the Note to be redeemed and shall decline at each anniversary
    of the Initial Redemption Dates by N/A of the principal amount to be
    redeemed until the Optional redemption Price is 100% of such principal
    amount.

    OTHER: $1,000.00 minimum denominations.  Interest rates offered by the
               Company may differ depending upon the principal amount
               purchased in any single transaction.

    DATED 05/05/94
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