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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 OPKYZ7PN0LLcEETDp7yX5G5zU6U9j2q3DrbWqzt97C8NIeWG9J0N1uDKFn0E5DLj
 +50e+j14r8pqlOhs7onmUQ==

<SEC-DOCUMENT>0000353524-97-000014.txt : 19970222
<SEC-HEADER>0000353524-97-000014.hdr.sgml : 19970222
ACCESSION NUMBER:		0000353524-97-000014
CONFORMED SUBMISSION TYPE:	424B2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19970220
SROS:			NYSE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IBM CREDIT CORP
		CENTRAL INDEX KEY:			0000353524
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE LESSORS [6172]
		IRS NUMBER:				222351962
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B2
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-06335
		FILM NUMBER:		97539169

	BUSINESS ADDRESS:	
		STREET 1:		290 HARBOR DR
		STREET 2:		P O BOX 10399
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06904
		BUSINESS PHONE:		2039735100

	MAIL ADDRESS:	
		STREET 1:		290 HARBOR DR
		STREET 2:		PO BOX 10399
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06904
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B2
<SEQUENCE>1
<DESCRIPTION>DESCRIPTION OF SECURITIES
<TEXT>

    <TABLE>
    <S>
    <C>
           PAGE  1

    PRICING SUPPLEMENT NO. 23                TO PROSPECTUS DATED July 30, 1996
    CUSIP #44922L3D6                                RULE NO. 424 (b) (2)
                                                     REGISTRATION NO. 333-
                        (AS SUPPLEMENTED August 8, 1996)


                             IBM CREDIT CORPORATION


                                MEDIUM-TERM NOTE


               (DUE FROM 9 MONTHS TO 30 YEARS FROM DATE OF ISSUE)


                                (FIXED RATE NOTE)


    Principal Amount: $40,000,000.00                                  Designation      : N9701007

    Issue Price (as a % of Principal Amount): 109.027%                Orig. Issue Date : 03/04/97

    Record Dates: 02/20, 08/20                                        Maturity Date    : 03/04/98

    Interest Payment Dates: 03/04, 09/04                              Initial Int. Rate: 15.00000% per yr.


    Redemption:


    Check opposite applicable paragraph.


    XXX
    -----  The Notes cannot be redeemed prior to maturity.
<PAGE>


    -----  The Notes may be redeemed prior to maturity.


    Initial Redemption Date: N/A

         The Optional Redemption Price shall initially be N/A of the principal
    amount of the Note to be redeemed and shall decline at each anniversary
    of the Initial Redemption Dates by N/A of the principal amount to be
    redeemed until the Optional redemption Price is 100% of such principal
    amount.

    DATED 02/20/97
    </TABLE>
    </TEXT>
    </DOCUMENT>
</SEC-DOCUMENT>
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