Pricing Supplement No. 100 Dated February 28, 1996
(To Prospectus and Prospectus Supplement
Dated October 10, 1995) Rule 424(b)(3)
Registration Statement
No. 33-55945
U.S. $250,000,000
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, Pierce, Fenner & Smith Incorporated has agreed to purchase the
Notes at a price of 99.650% 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: March 5, 1996
Principal Amount: $250,000,000
Interest Rate Basis: LIBOR having an Index Maturity of three
months plus 22 basis points
Interest Reset Dates: Quarterly on March 5, June 5, September 5 and
December 5 of each year, commencing June 5, 1996
Interest Payment Dates: The 5th day of the months of March, June,
September and December of each year, commencing June
5, 1996 and at the Stated Maturity
Stated Maturity: March 5, 2001
Reference Agent: Chemical Bank
MERRILL LYNCH & CO.