Pricing Supplement No. 164 Dated March 1, 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 ("Ford Credit") has designated
$6,000,000 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,
for sale at a price of 100% of the principal amount. See the accompanying
Prospectus and Prospectus Supplement for further information regarding the
Notes described in the Pricing Supplement.
Issue Date: March 8, 1995
Principal Amount: $6,000,000
Interest Rate Basis: (a) For the period from and including
March 8, 1995 to but excluding
August 1, 1995, LIBOR having an
Index Maturity of five months as
determined on March 6, 1995,
plus 25 basis points; and (b)
thereafter, LIBOR having an Index
Maturity of six months
plus 25 basis points.
Interest Reset Dates: Semiannually on February 1 and August 1
Interest Payment Dates: The 1st day of the months of February and
August commencing August 1, 1995
Stated Maturity: February 1, 2000
Reference Agent: Chemical Bank
GOLDMAN, SACHS & CO.
