Pricing Supplement No. 254 Dated June 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
$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 99.775% 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: June 8, 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 March 8, June 8, September 8 and
December 8
Interest Payment Dates: The 8th day of the months of March, June, September
and December commencing September 8, 1995
Stated Maturity: June 8, 2000
Reference Agent: Chemical Bank
MERRILL LYNCH & CO.
