FORD MOTOR CREDIT CO
8-K, 1995-10-17
PERSONAL CREDIT INSTITUTIONS
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           SECURITIES AND EXCHANGE COMMISSION

                 Washington, D.C.  20549
                    --------------------
                         FORM 8-K

                       CURRENT REPORT


           Pursuant to Section 13 or 15(d) of the
              Securities Exchange Act of 1934

Date of Report
 (Date of earliest event reported)  October 17, 1995

                    FORD MOTOR CREDIT COMPANY
      -----------------------------------------------------
      (Exact name of registrant as specified in its charter)


INCORPORATED IN DELAWARE           1-6368            38-1612444
- ------------------------   ----------------------- -------------
(State of other juris-     (Commission File Number) (IRS Employer
diction of incorporation)                          Identification
                                                        No.)


  THE AMERICAN ROAD, DEARBORN, MICHIGAN                48121
- ----------------------------------------             ----------
(Address of principal executive offices)             (Zip Code)


Registrant's telephone number, including area code   313-322-3000





<PAGE>
ITEM 5.  OTHER EVENTS

     Ford Motor Company news release dated October 12, 1995,
filed as Exchibit 20 to this Current Report on Form 8-K, is
incorporated by reference herein.

      
ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS.

                              EXHIBITS

DESIGNATION             DESCRIPTION              METHOD OF FILING
- -----------             -----------              ----------------
Exhibit 20              Ford Motor Company       Filed with this
                        News release dated       Report.
                        October 12, 1995.
        
                                 SIGNATURE

          Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly authorized
on the date indicated.

                                   FORD MOTOR CREDIT COMPANY
                                         (Registrant)

Date:  October 17, 1995           By: /s/ R. P. Conrad
                                   ------------------------
                                    R. P. Conrad
                                    Assistant Secretary
<PAGE>
                                      
                           EXHIBIT INDEX


DESIGNATION      DESCRIPTION                                     


Exhibit 20       Ford Motor Company News
                 release dated October 12,
                 1995.

                                         Exhibit 20


                        Global News      Communications

                                         Ford Motor Company
                                         The American Road
                                         Dearborn, MI 48121

                                         Telephone:(313)322-9600
                                         Fax(313)845-0570
                                            (313)337-1764



IMMEDIATE RELEASE

Contact:  Terry Bresnihan (313)322-9600
          Mary Joseph (313)322-4466

FORD REVIEWING STRATEGY FOR FINANCE UNITS

   DEARBORN, Mich., Oct. 12 -- Ford Motor Company will file a
Current Report on Form 8-K with the Securities and Exchange
Commission stating that the Company is reviewing possible
strategic actions with respect to its Financial Services Group.

   Such actions could include the partial or complete sale of USL
Capital and the partial sale of The Associates, the non-
automotive financing businesses in the Financial Services Group.

   "It is premature to determine whether any actions will occur
or, if they do, when they would occur," said Ken Whipple,
president, Ford Financial Services Group.  "We are carefully
considering what is best for Ford Motor Company and its
shareholders."

   The non-automotive financing businesses of Ford's Financial
Services Group consist principally of the domestic and
international activities of The Associates, which specializes in
consumer and commercial finance, and USL Capital, which
specializes in commercial leasing and financing.


                           ###

10-12-95


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