Pricing Supplement No. 42 Dated February 25, 1997
(To Prospectus and Prospectus Supplement 
Dated October 24, 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

            Ford Motor Credit Company ("Ford Credit") has designated
$50,000,000 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. 
Lehman Brothers Inc. has agreed to purchase the Notes at a price
of 99.889% 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:              February 28, 1997

Principal Amount:        $50,000,000

Interest Rate Basis:     LIBOR having an Index Maturity of three months 
                         plus 1 basis point
   
Interest Reset Dates:    Quarterly on the 15th day of the months of March,
                         June, September and December, commencing March 15,
                         1997
                          
                         
Interest Payment Dates:  Quarterly on the 15th day of the months of March,
                         June, September and December, commencing March 15,
                         1997, and at Stated Maturity

Stated Maturity:         March 15, 2000

Reference Agent:         The Chase Manhattan Bank 




                       LEHMAN BROTHERS INC.



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