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Pricing Supplement dated August 30, 1995 Rule 424(b)(3)
(To Prospectus dated March 9, 1994 and File No. 33-52359
Prospectus Supplement dated March 9, 1994)
TOYOTA MOTOR CREDIT CORPORATION
Medium-Term Note - Floating Rate
______________________________________________________________________________________
Principal Amount: $100,000,000 Trade Date: August 30, 1995
Issue Price: 100% Original Issue Date: September 1, 1995
Initial Interest Rate: 5.80% Net Proceeds to Issuer: $100,000,000
Stated Maturity Date: September 3, 1996 Discount or Commission: 0.0%
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Calculation Agent: Salomon Brothers Inc
Interest Calculation:
[x] Regular Floating Rate Note [ ] Floating Rate/Fixed Rate Note
[ ] Inverse Floating Rate Note (Fixed Rate Commencement
(Fixed Interest Rate): Date):
[ ] Other Floating Rate Note (Fixed Interest Rate):
Interest Rate Basis: [ ] CD Rate [X] Prime Rate
[ ] Eleventh District Cost of Funds Rate [ ] Federal Funds Rate
[ ] LIBOR [ ] Treasury Rate [ ] Other (see attached)
If LIBOR, Designated LIBOR Page: [ ] Reuters Page:
[ ] Telerate Page:
Initial Interest Reset Date: September 1, 1995 Spread (+/-): -2.95%
Interest Rate Reset Period: Daily Spread Multiplier: N/A
Interest Reset Dates: Each Business Day Maximum Interest Rate: N/A
Interest Payment Dates: December 1, 1995, Minimum Interest Rate: N/A
March 1, 1996, June 1, 1996 and Index Maturity: N/A
September 3, 1996
Day Count Convention:
[ ] 30/360 for the period from to
[x] Actual/360 for the period from 9/1/95 to 9/3/96
[ ] Other (see attached) to
Redemption:
[x] The Notes cannot be redeemed prior to the Stated Maturity Date.
[ ] The Notes may be redeemed prior to Stated Maturity Date.
Initial Redemption Date:
Initial Redemption Percentage: %
Annual Redemption Percentage Reduction: % until Redemption
Percentage is 100% of the Principal Amount.
Repayment:
[x] The Notes cannot be repaid prior to the Stated Maturity Date.
[ ] The Notes can be repaid prior to the Stated Maturity Date at the option of
the holder of the Notes.
Optional Repayment Date(s):
Repayment Price: %
Currency:
Specified Currency: U.S. dollars
(If other than U.S. dollars, see attached)
Minimum Denominations:
(Applicable only if Specified Currency is other than U.S. dollars)
Original Issue Discount: [ ] Yes [x] No
Total Amount of OID:
Yield to Maturity:
Initial Accrual Period:
Form: [x] Book-entry [ ] Certificated
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Salomon Brothers Inc
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ADDITIONAL TERMS OF THE NOTES
Plan of Distribution
Under the terms of and subject to the conditions of a
Distribution Agreement dated as of October 17, 1991, as amended,
(the "Agreement"), between TMCC and Salomon Brothers Inc, Salomon
Brothers Inc, acting as principal, has agreed to purchase and
TMCC has agreed to sell the Notes at 100% of the principal amount
thereof. Salomon Brothers Inc may resell the Notes to one or more
investors or to one or more broker-dealers (acting as principal
for the purpose of resale) at varying prices related to
prevailing market prices at the time of resale, as determined by
Salomon Brothers Inc. After the initial public offering of the
Notes, the public offering price may be changed by Salomon
Brothers Inc.
Under the terms and conditions of the Agreement,
Salomon Brothers Inc is committed to take and pay for all of the
Notes offered hereby if any are taken.
