<PAGE>
<TABLE>
<S> <C>
Pricing Supplement dated February 12, 1998(revised) 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: February 12, 1998
Issue Price: See "Plan of Distribution" Original Issue Date: February 18, 1998
Initial Interest Rate: See "Additional Net Proceeds to Issuer: $100,000,000
"Terms of the Notes" Principal's Discount
Interest Payment Period: Quarterly or Commission: 0.00%
Stated Maturity Date: February 18, 1999
_______________________________________________________________________________
Calculation Agent: Bankers Trust Company
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):
(see attached)
Interest Rate Basis: [ ] CD Rate [ ] Commercial Paper Rate [ ] Prime Rate
[ ] Eleventh District Cost of Funds Rate [ ] Federal Funds Rate
[X] LIBOR [ ] Treasury Rate [ ] Other (see attached)
If LIBOR, Designated LIBOR Page: [ ] Reuters Page:
[x] Telerate Page: 3750
Initial Interest Reset Date: May 18, 1998 Spread (+/-): -12.5%
Interest Rate Reset Period: Quarterly Spread Multiplier: N/A
Interest Reset Dates: May 18, August 18, Maximum Interest Rate: N/A
November 18 and February 18
Interest Payment Dates: May 18, August 18, Minimum Interest Rate: N/A
November 18 and February 18 commencing Index Maturity: 3 month
May 18, 1998 Index Currency: U.S. dollars
Day Count Convention:
[ ] 30/360 for the period from to
[X] Actual/360 for the period from February 18, 1998 to February 18, 1999
[ ] 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: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage Reduction: N/A
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
</TABLE>
___________________________
Merrill Lynch & Co.
<PAGE>
Additional Terms of the Notes
The Initial Interest Rate for the Medium-Term Notes offered by this
pricing supplement will be equal to LIBOR determined on February 16, 1998
minus 12.5%.
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 Merrill Lynch, Pierce, Fenner & Smith Incorporated ("Merrill"),
Merrill, acting as principal, has agreed to purchase and TMCC has agreed to
sell the Notes at 100% of their principal amount. Merrill may resell the Notes
to one or more investors or to one or more broker-dealers (acting as principal
for the purposes of resale) at varying prices related to prevailing market
prices at the time of resale, as determined by Merrill.
Under the terms and conditions of the Agreement, Merrill is
committed to take and pay for all of the Notes offered hereby if any are
taken.
