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    PRICING SUPPLEMENT NO. 45                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: $250,000.00                                     Designation      : N9403012

    Issue Price (as a % of Principal Amount): 99.650%                 Orig. Issue Date : 05/16/94

    Record Dates: 02/15, 08/15                                        Maturity Date    : 05/19/97

    Interest Payment Dates: 02/15, 08/15                              Initial Int. Rate:  6.97000% 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.

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

    DATED 05/10/94
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