Pricing Supplement No. 21 Dated June 27, 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 ("Ford Credit") has designated $25,000,000
aggregate principal amount of its Medium-Term Notes Due from 9 Months to 30
Years from Date of Issue having the specific terms set forth below.  Goldman,
Sachs & Co. have agreed to purchase the Notes at a price of 114.207% of their
principal amount for resale at an initial public offering price of 114.368%
of the principal amount.  After the initial public offering, the offering
price may be changed.


Issue Date:                           July 5, 1994

Principal Amount:                     $25,000,000

Interest Rate:                        14.00% per annum

Principal Repayment:                  $25,000,000

Stated Maturity:                      July 5, 1996






                         GOLDMAN, SACHS & CO.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission