Pricing Supplement No. 155 Dated February 24, 1995
(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 $200,000,000 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 99.88% 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:              March 3, 1995

Principal Amount:        $200,000,000

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

Interest Reset Dates:    Quarterly on February 3, May 3, August 3 and     
                         November 3  
                         
Interest Payment Dates:  The 3rd day of the months of February, May,        
                         August and November commencing May 3, 1995
 
Stated Maturity:         November 3, 1997

Reference Agent:         Chemical Bank 




                       GOLDMAN, SACHS & CO.



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