FORD MOTOR CREDIT CO
424B3, 1997-10-23
PERSONAL CREDIT INSTITUTIONS
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PROSPECTUS Dated                        Pricing Supplement No. 72
October 1, 1997                         Effective October 27, 1997




                     U.S. $1,000,000,000             Rule 424(b)(3)
                                                Registration Statement
                  FORD MOTOR CREDIT COMPANY          No. 33-62973   

                VARIABLE DENOMINATION FLOATING
                      RATE DEMAND NOTES


                     ------------------


                  Interest Rate Per Annum
                  -----------------------

Period         Tier One Notes   Tier Two Notes      Tier Three Notes
Beginning      Under $15,000    $15,000-$49,999     $50,000 and over
- ---------      --------------   ---------------     ----------------

10/27/97          5.26%              5.46%              5.66%      





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