FORD MOTOR CREDIT CO
424B3, 1995-04-21
PERSONAL CREDIT INSTITUTIONS
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Pricing Supplement No. 3 Dated April 17, 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
                                    
              Euro Medium-Term Notes Due from 9 Months to 
                       30 Years from Date of Issue

        
        Ford Motor Credit Company has designated Medium-Term Notes Due from 9
Months to 30 Years from Date of Issue, having the specific terms set forth
below.  Merrill Lynch International Limited has agreed to purchase the Notes
at a price of 99.850% of the principal amount for resale at an initial public
offering price of 100% of the principal amount.  After the initial public
offering, the public offering price may be changed.  See the accompanying
Prospectus and Prospectus Supplement for further information regarding the
Notes.  

Issue Date:            May 9, 1995

Principal                                
Amount:                Japanese Yen 30,000,000,000

Interest Rate:         3.01% per annum

Interest 
Payment Dates:         August 11 of
                       each year beginning 
                       August 11, 1995 
                       and ending August 11,
                       1999, and at Stated 
                       Maturity.    

Stated 
Maturity:              August 11, 2000




                   MERRILL LYNCH INTERNATIONAL LIMITED
                             


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