Pricing Supplement No. 39 Dated January 11, 1996
(To Prospectus and Prospectus Supplement
Dated October 10, 1995)
Rule 424(b)(3)
Registration Statement
No. 33-55945
U.S.$32,000,000
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
$32,000,000 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 99.90% 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: $32,000,000
Interest Rate Basis: 5.655% 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 3 basis points
Interest Reset Dates: Quarterly on March 3, June 3, September 3 and
December 3 commencing March 3, 1996
Interest Payment Dates: The 3rd day of the months of March, June,
September and December commencing March 3, 1996
Stated Maturity: March 3, 1997
Reference Agent: Chemical Bank
MERRILL LYNCH & CO.
