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PRICING SUPPLEMENT NO. 22 TO PROSPECTUS DATED July 30, 1996
CUSIP #44922L3C8 RULE NO. 424 (b) (2)
REGISTRATION NO. 333-
(AS SUPPLEMENTED August 8, 1996)
IBM CREDIT CORPORATION
MEDIUM-TERM NOTE
(DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE)
(FIXED RATE NOTE)
Principal Amount: $150,000,000.00 Designation : N9701006
Issue Price (as a % of Principal Amount): 100.000% Orig. Issue Date : 02/19/97
Record Dates: 02/04, 08/04 Maturity Date : 02/19/98
Interest Payment Dates: 02/19, 08/19 Initial Int. Rate: 5.67000% 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.
DATED 02/14/97
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