PROSPECTUS and Pricing Supplement No.192
PROSPECTUS SUPPLEMENT, each Effective at 1:20 p.m.
Dated May 4, 1994 March 31, 1995
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
Interest payable each March 15 and
September 15 and at Stated Maturity
----------
The Notes offered hereby are Fixed Rate Notes as more fully
described in the accompanying Prospectus and Prospectus
Supplement. The interest rates on the Notes may be changed by
Ford Credit from time to time, but any such change will not
affect the interest rate on any Note ordered prior to the
effective time of the change. Interest rates offered by Ford
Credit with respect to the Notes may differ depending upon, among
other things, the aggregate principal amount of Notes purchased
in any single transaction.
Issue Date: April 11, 1995
Stated Maturity: April 13, 1998
Interest Rate: 7.10% per annum
Minimum Denomination and
Purchase Amount: $1,000 and integral
multiples thereof
Agent's Discount or Commission .625%
Agent's Capacity ____ Agent __X_ Principal*
* If acting as principal, $2,000,000 aggregate principal amount
of the Notes are being purchased by Merrill Lynch & Co., Merrill
Lynch, Pierce, Fenner & Smith Incorporated at a discount for
resale to investors at varying prices related to prevailing
market prices at the time of resale.
----------
MERRILL LYNCH & CO.
----------
