Pricing Supplement No. 319 Dated September 6, 1995
(To Prospectus and Prospectus Supplement
Dated May 4, 1994) Rule 424(b)(3)
Registration Statement
U.S.$6,000,000,000 No. 33-53101
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 $75,000,000
aggregate principal amount of its Medium-Term Notes Due from 9 Months to 30
Years from Date of Issue as Fixed Rate Notes having the specific terms set
forth below. Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
Incorporated has agreed to purchase the Notes at a price of 98.20% of their
principal amount for resale at an initial public offering price of 100% of
their principal amount. After the initial public offering, the offering
price may be changed.
Issue Date: September 20, 1995
Principal Amount: $75,000,000
Interest Rate: 7.00% per annum
Interest Payment Dates: Monthly, on the 20th day of each month commencing
October 20, 1995
Record Date: The 15th day preceding each Interest Payment Date
and the Redemption Date
Stated Maturity: September 20, 2010
Minimun Purchase
Amount: $1,000 and integral multiples thereof
Ford Credit may, at its option, redeem the Notes upon not less than
30 nor more than 60 days' notice given in the manner provided in the
Indenture, as a whole but not in part, on September 20, 2000 and on each
March 20 and September 20 thereafter (any such day so designated being the
"Redemption Date") at a redemption price equal to 100% of the principal
amount of the Notes to be redeemed plus accrued interest thereon to the
Redemption Date. If the Redemption Date is not a Business Day, the Notes
will be redeemed on the next succeeding Business Day and no interest shall
accrue for the period from and after such Redemption Date.
MERRILL LYNCH & CO.
