FORD MOTOR CREDIT CO
424B3, 1997-05-30
PERSONAL CREDIT INSTITUTIONS
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Pricing Supplement No. 81 Dated May 28, 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
$100,000,000 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. 
Salomon Brothers Inc has agreed to purchase the Notes at a price of 99.60% 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:              June 2, 1997

Principal Amount:        $100,000,000

Interest Rate Basis:     LIBOR having an Index Maturity of three months 
                         plus 20 basis points.
   
Interest Reset Dates:    Quarterly on the 2nd day of the months of March,
                         June, September and December, beginning September 2,
                         1997.

                         
Interest Payment Dates:  Quarterly on the 2nd day of the months of March,
                         June, September and December, beginning September 2,
                         1997, and at Stated Maturity.

Stated Maturity:         June 2, 2004

Reference Agent:         The Chase Manhattan Bank 




                       SALOMON BROTHERS INC


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