RULE 424(b)(3)
REGISTRATION NO. 333-42755
PRICING SUPPLEMENT NO. 23
TO PROSPECTUS DATED January 9, 1998
(As Supplemented January 12,1998)
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 May 7, 1998
May 7, 1999
Principal Amount: $50,000,000 Maturity Date:
May 7, 1999
Issue Price (as a percentage of Regular Record Dates:
Principal Amount): 99.989% Twentieth calendar day,
whether or not a
Business Day, prior to
the corresponding
Interest Payment Date.
Interest Rate: 5.68% Interest Payment Dates:
Each March 1 and September 1
Redemption Provisions: None commencing March 1, 1998 and
ending on the Maturity date.
Commission or Discount (as Denominations: $1,000 and
a percentage of Principal integral multiples of $1,000
Amount): 0.011% in excess thereof.
CUSIP: 449 22L 6D3
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
(NOT APPLICABLE)
PLAN OF DISTRIBUTION
The Notes will be sold to Salomon Smith Barney 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: May 5, 1998
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