[DESCRIPTION]           PRICING SUPPLEMENT NO. 32



                                                   RULE 424(b)(3)

                                        REGISTRATION NO. 333-26211




                        PRICING SUPPLEMENT NO. 32

                    TO PROSPECTUS DATED June 27, 1997

                     (As Supplemented June 27,1997)                          
  
                              

                                

                 	IBM CREDIT CORPORATION

                                    

                            MEDIUM-TERM NOTES
  
                             (Fixed Rate Note)

                                   

                 (Due from 9 months to 30 years from date of issue)

                                    



Designation:  Fixed Rate               Original Issue Date:

Medium Term Notes Due                  December 24, 1997

December 24, 2002          



Principal Amount:  $50,000,000        Maturity Date:

                                      December 24, 2002



Issue Price (as a percentage of        Regular Record Dates:

Principal Amount):  100.000%           Tenth calendar day,
                                       whether or not a
                                       Business Day, prior to
                                       the corresponding    
                                       Interest Payment Date.  




Interest Rate: 6.50%                   Interest Payment Dates:

                                       Each June 24 and December 24 
                                       commencing June 24, 1998
                                       and ending on the Maturity Date. 


Redemption Provisions:

Note redeemable at the option
of Company on each Interest
Payment Date occurring on or
after December 24, 1998.


Commission or Discount (as             Denominations: $1,000 and              
a percentage of Principal              integral multiples  of $1,000           
Amount): 0.00%                         in excess thereof.


CUSIP:  449 22L 5C6                                                          




Form:[X] Book-Entry

[  ] Certificated

This Pricing Supplement supplements and, to the extent
inconsistent therewith, amends the description of the Notes
referred to above in the accompanying Prospectus Supplement and
Prospectus.









                                 INTEREST





Interest on the Notes will be calculated based on a year of 360 days 
consisting of 12 months of 30 days each. If any payment of principal
or interest is due on a day that is not a Business Day, that payment
may be made on the next succeeding Business Day. No additional 
interest will accrue as a result of the delay in payment. 
For purposes of the offering made hereby, "Business Day"
as used herein and in the accompanying Prospectus Supplement
means each day on which commercial banks and foreign exchange
markets settle payments in The City of New York.
Capitalized terms used but not defined herein have the meanings
assigned in the accompanying Prospectus Supplement and Prospectus.



                              REDEMPTION


The Notes are redeemable by the Company on each Interest        
Payment Date occuring on or after December 24, 1998,  
in whole but not in part, on at least 30 days notice
at a redemption price of 100% of the principal amount thereof, plus
accrued interest theron to the date of redemption.





                          PLAN OF DISTRIBUTION



The Notes will be sold to Salomon Smith Barney for resale
to one or more investors at a fixed public offering price.
After the initial public offering of the Notes, the public
offering price and any concession or discount may be changed.


Dated:  December 15, 1997