RULE 424(b)(2)
                                        REGISTRATION NO. 33-49411

   PRICING SUPPLEMENT NO. 53   TO PROSPECTUS DATED APRIL 16, 1993
                                (As supplemented August 17, 1993)

                       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             October 7, 1997
    October 7, 1994

   Principal Amount:  $25,000,000   Maturity Date:
                                        October 7, 1997

   Issue Price (as a percentage     Regular Record Dates:
    of Principal Amount):  100%       Fifteenth calendar day  
                                      (whether or not a Business
   Interest Rate: 6.00% from          Day) prior to the
    October 7, 1994 to                corresponding Interest
    October 6, 1995 inclusive;        Payment Date
    7.00% from October 7, 1995
    to October 6, 1996
    inclusive; 8.00% from
    October 7, 1996 to the
    Maturity Date

                                    Interest Payment Dates:
                                      Each April 7 and
                                      October 7, commencing
                                      April 7, 1995 and ending
                                      on the Maturity Date

   Commission or Discount (as       Denominations:  $5,000 and 
    a percentage of Principal         integral multiples of
    Amount):   0.0%                   $1,000 in excess thereof

   Redemption Provisions:           Form:  [X] Book-Entry
    The Notes are redeemable at            [ ] Certificated
    the option of the Company
    on any Interest Payment 
    Date, occurring on or after 
    October 7, 1995


             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.

 


   2

                              INTEREST


          Interest on the Notes will be calculated based on a
   year of 360 days consisting of 12 months of 30 days each.  The
   initial Calculation Agent with respect to the Notes will be
   Lehman Brothers Inc. ("Lehman").

          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 any day that is
   not a Saturday, Sunday or a day on which commercial banks in
   The City of New York are required or authorized to be closed. 
   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 any Interest
   Payment Date occurring on or after the October 7, 1995
   Interest Payment Date, in whole but not in part, on at least
   30-days prior notice at a redemption price of 100% of the
   principal amount thereof plus accrued interest thereon to the
   date of redemption.


                        PLAN OF DISTRIBUTION

          The Notes will be sold to Lehman for resale to one or
   more investors at varying prices related to prevailing market
   prices at the time of resale, to be determined by Lehman.

   Dated:  September 16, 1994