Pricing Supplement No. 41 Dated January 11, 1996
(To Prospectus and Prospectus Supplement 
Dated October 10, 1995)
                                            Rule 424(b)(3)
                                         Registration Statement
                                             No. 33-55945                     
                                                 
                                           
                      U.S.$34,000,000

                 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
$34,000,000 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, Pierce, Fenner & Smith Incorporated has agreed to purchase the
Notes at a price of 99.875% 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:              January 17, 1996

Principal Amount:        $34,000,000

Interest Rate Basis:     5.695% from and including January 17, 1996 to, but
                         excluding, the first Interest Reset Date and
                         thereafter LIBOR having an Index Maturity of three
                         months plus 7 basis points
   
Interest Reset Dates:    Quarterly on March 2, June 2, September 2 and
                         December 2 commencing March 2, 1996
                         
Interest Payment Dates:  The 2nd day of the months of March, June,
                         September and December commencing March 2, 1996
 
Stated Maturity:         September 2, 1997

Reference Agent:         Chemical Bank 




                       MERRILL LYNCH & CO.



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