RULE 424(b)(3)
REGISTRATION NO. 333-26211
PRICING SUPPLEMENT NO. 23
TO PROSPECTUS DATED June 27, 1997
(As Supplemented June 27,1997)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTES
(Fixed Rate Note)
(Due from 9 months to 30 years from date of issue)
Designation: Fixed Rate Original Issue Date:
Medium Term Notes Due November 5, 1997
November 5, 2007
Principal Amount: $60,000,000 Maturity Date:
November 5, 2007
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 99.875% Fifteenth calendar day,
whether or not a
Business Day, prior to
the corresponding
Interest Payment Date.
Interest Rate: 7.00% Interest Payment Dates:
Each May 5 and November 5
commencing May 5, 1998
and ending on the Maturity Date.
Redemption Provisions:
Note redeemable at the option
of Company on each Interest
Payment Date occurring on or
after November 5, 1999.
Commission or Discount (as Denominations: $1,000 and
a percentage of Principal integral multiples of $1,000
Amount): .125% in excess thereof.
CUSIP: 449 22L 4T0
Form:[X] Book-Entry
[ ] Certificated
This Pricing Supplement supplements and, to the extent
inconsistent therewith, amends the description of the Notes
referred to above in the accompanying Prospectus Supplement and
Prospectus.
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INTEREST
Interest on the Notes will be calculated based on a year of 360 days
consisting of 12 months of 30 days each. If any payment of principal
or interest is due on a day that is not a Business Day, that payment
may be made on the next succeeding Business Day. No additional
interest will accrue as a result of the delay in payment.
For purposes of the offering made hereby, "Business Day"
as used herein and in the accompanying Prospectus Supplement
means each day on which commercial banks and foreign exchange
markets settle payments in The City of New York.
Capitalized terms used but not defined herein have the meanings
assigned in the accompanying Prospectus Supplement and Prospectus.
REDEMPTION
The Notes are redeemable by the Company on each Interest
Payment Date occuring on or after November 5, 1999,
in whole but not in part, on at least 30 days notice
at a redemption price of 100% of the principal amount thereof, plus
accrued interest theron to the date of redemption.
PLAN OF DISTRIBUTION
The Notes will be sold to Goldman Sachs for resale
to one or more investors at a fixed public offering price.
After the initial public offering of the Notes, the public
offering price and any concession or discount may be changed.
Dated: October 22, 1997
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