RULE 424(b)(2)
                                                  REGISTRATION NO. 33-56207


   PRICING SUPPLEMENT NO. 11           TO PROSPECTUS DATED NOVEMBER 3, 1994
                                        (As supplemented November 17, 1994)


                            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               February 21, 1995
     February 21, 2000
                                       Maturity Date:
   Principal Amount:  $40,000,000        February 21, 2000

                                       Regular Record Dates:
   Issue Price (as a percentage of       Fifteenth calendar day
     Principal Amount):  100%            (whether or not a Business
                                         Day) prior to the
                                         corresponding Interest Payment
   Interest Rate:  8.00% from            Date
     February 21, 1995 to February 
     20, 1996 inclusive; 8.25% from
     February 21, 1996 to February     Interest Payment Dates: 
     20, 1997 inclusive; 8.50% from      Each February 21 and  
     February 21, 1997 to February       August 21, commencing
     20, 1998 inclusive; 8.75% from      August 21, 1995 and ending on
     February 21, 1998 to February       the Maturity Date
     20, 1999; and 9.00% from
     February 21, 1999 to the          Denominations:  $1,000 and
     Maturity Date                       integral multiples of $1,000 
                                         in excess thereof
   Commission or Discount (as a      
     percentage of Principal         
     Amount):  0.0%

   Redemption Provisions:              CUSIP:  44922L S23
     The Notes are redeemable at the
     option of the Company on any
     Interest Payment Date,
     occurring on or after
     February 21, 1996
                                       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.









   2

                                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 any Interest Payment
   Date occurring on or after the February 21, 1996 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 Morgan Stanley & Co. Incorporated
   ("Morgan Stanley") at the Issue Price set forth above for resale to one
   or more investors at varying prices related to prevailing market prices
   at the time of resale, as determined by Morgan Stanley.  

   Dated:  January 24, 1995