FORD MOTOR CREDIT CO, 424B3, 1994-10-27

FORD MOTOR CREDIT CO
424B3, 1994-10-27
PERSONAL CREDIT INSTITUTIONS

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Pricing Supplement No. 73 Dated October 24, 1994
(To Prospectus and Prospectus Supplement 
Dated May 4, 1994)
                                        Rule 424(b)(3)
                                        Registration Statement
                                        No. 33-53101

                      U.S.$6,000,000,000

                 FORD MOTOR CREDIT COMPANY

            Medium-Term Notes Due from 9 Months
               to 30 Years from Date of Issue

     Ford Motor Credit Company has designated $100,000,000 aggregate
principal amount of its Medium-Term Notes Due from 9 Months to 30
Years from Date of Issue having specific terms set forth below.  Goldman,
Sachs & Co. have agreed to purchase the Notes at a price of 99.808% of their 
principal amount for resale at an initial public offering price of 100% of
the principal amount. After the initial public offering, the offering price
may be changed. 

Issue Date:              October 31, 1994

Principal Amount:        $100,000,000

Interest Rate Basis:     LIBOR having an Index Maturity of three months plus 

                         18 basis points   

Interest Reset Dates     October 31, 1994 and the 1st day of the months of
for LIBOR:               February, May, August and November during the
                         period commencing February 1, 1995 and 
                         ending August 1, 1997.

Interest Payment Dates:  The 1st day of the months of February, May, 
                         August and November during the period commencing 
                         February 1, 1995 and ending August 1, 1997, and
                         at Stated Maturity.

Stated Maturity:         November 1, 1997

Reference Agent:         Chemical Bank 


                       GOLDMAN, SACHS & CO.