<TABLE>
<S>
<C>
PAGE 1
PRICING SUPPLEMENT NO. 31 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: $500,000.00 Designation : N9402014
Issue Price (as a % of Principal Amount): 99.820% Orig. Issue Date : 05/04/94
Record Dates: 02/15, 08/15 Maturity Date : 05/06/96
Interest Payment Dates: 02/15, 08/15 Initial Int. Rate: 6.00000% per yr.
Redemption:
Check opposite applicable paragraph.
XXX
----- The Notes cannot be redeemed prior to maturity.
<PAGE>
----- 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 minimum denominations. Interest rate offered by the Company
may differ depending upon the principal amount purchased in any
single transaction.
DATED 04/27/94
</TABLE>
<TABLE>
<S>
<C>
PAGE 1
PRICING SUPPLEMENT NO. 32 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: $2,000,000.00 Designation : N9402015
Issue Price (as a % of Principal Amount): 99.730% Orig. Issue Date : 05/04/94
Record Dates: 02/15, 08/15 Maturity Date : 05/06/96
Interest Payment Dates: 02/15, 08/15 Initial Int. Rate: 5.90000% 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 minimum denominations. Interest rate offered by the Company
may differ depending upon the principal amount purchased in any
single transaction.
DATED 04/27/94
</TABLE>
<TABLE>
<S>
<C>
PAGE 1
PRICING SUPPLEMENT NO. 34 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: $25,000,000.00 Designation : N9402016
Issue Price (as a % of Principal Amount): 99.982% Orig. Issue Date : 05/04/94
Record Dates: 02/15, 08/15 Maturity Date : 05/06/96
Interest Payment Dates: 02/15, 08/15 Initial Int. Rate: 6.08500% 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.
DATED 04/27/94
</TABLE>
<TABLE>
<S>
<C>
PAGE 1
PRICING SUPPLEMENT NO. 33 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: $500,000.00 Designation : N9403011
Issue Price (as a % of Principal Amount): 99.886% Orig. Issue Date : 05/04/94
<PAGE>
Record Dates: 02/15, 08/15 Maturity Date : 05/05/97
Interest Payment Dates: 02/15, 08/15 Initial Int. Rate: 6.38000% 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 minimum denominations. Interest rate offered by the Company
may differ depending upon the principal amount purchased in any
single transaction.
DATED 04/27/94
</TABLE>