PROSPECTUS and Pricing Supplement No. 004
PROSPECTUS SUPPLEMENT, each Effective at 6:17 P.M.
Dated October 24, 1996 November 8, 1996
Rule 424(b)(3)
Registration
Statement No. 33-64237
U.S.$5,000,000,000
FORD MOTOR CREDIT COMPANY
MEDIUM-TERM NOTES
Due from 9 Months to 30 Years from Date of Issue
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The Notes offered hereby are Fixed Rate Notes as more fully
described in the accompanying Prospectus and Prospectus
Supplement.
Issue Date: November 15, 1996
Stated Maturity: November 15, 2003
Interest Rate: 6.50% per annum
Interest Payment Dates: Monthly, on the 15th day
of each month commencing
December 15, 1996 and at
Stated Maturity
Agent's Discount or Commission 1.225%
Agent's Capacity ____ Agent _X__ Principal*
* If acting as principal, $2,000,000.00 aggregate principal
amount of the Notes are being purchased by Smith Barney Inc.
at the discount set forth above for resale to investors at
varying prices related to prevailing market prices at the time of
resale.
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SMITH BARNEY INC.
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