Pricing Supplement No. 139 Dated February 8, 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 $250,000,000 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.  Merrill
Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated has agreed to
purchase the Notes at a price of 99.70% 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:              February 22, 1995

Principal Amount:        $250,000,000

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

Interest Reset Dates:    Quarterly on February 22, May 22, August 22 and     
                         November 22  
                         
Interest Payment Dates:  The 22nd day of the months of February, May,        
                         August and November commencing May 22, 1995
 
Stated Maturity:         February 22, 1999

Reference Agent:         Chemical Bank 




                       MERRILL LYNCH & CO.



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