Pricing Supplement No. 51 Dated January 18, 1996
(To Prospectus and Prospectus Supplement 
Dated October 10, 1995)
                                                   Rule 424(b)(3)
                                                   Registration
                                                   Statement No.
                                                   33-55945                  

     


                      U.S.$4,000,000,000

                 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. 
Goldman, Sachs & Co. have agreed to purchase the Notes at a price of 99.867%
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 23, 1996

Principal Amount:        $250,000,000

Interest Rate Basis:     LIBOR having an Index Maturity of three months 
                         plus 27 basis points
   
Interest Reset Dates:    The third Wednesday of each March, June, September
                         and December, commencing March 20, 1996 
                         
Interest Payment Dates:  The third Wednesday of each March, June, September
                         and December, commencing March 20, 1996 
 
Stated Maturity:         March 21, 2001

Reference Agent:         Chemical Bank 




                       GOLDMAN, SACHS & CO.



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