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


PRICING SUPPLEMENT NO. 29             TO PROSPECTUS DATED NOVEMBER 3, 1994
                                       (As supplemented November 17, 1994)


                        IBM CREDIT CORPORATION

                          MEDIUM-TERM NOTES

                         (Floating Rate Note)

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


Designation:  Floating Rate                Original Issue Date:
  Medium-Term Notes Due                      June 30, 1995
  July 1, 1996

                                           Maturity Date:
Principal Amount:  $30,000,000               July 1, 1996


                                           Regular Record Dates:
Issue Price (as a percentage of              Fifteenth calendar day (whether
  Principal Amount):  100%                   or not a Business Day) prior to
                                             the corresponding Interest
                                             Payment Date

CUSIP:  44922L [   ]

                                           Interest Determination Dates:
Interest Rate Base:  Prime Rate              The second Business Day next
                                             preceding each relevant
                                             Interest Reset Date and the     
Spread:  Minus 285 basis points              Original Issue Date

                                           Interest Reset Dates:
Initial Interest Rate:  The                  Each Business Day commencing
 Prime Rate minus a                          July 1, 1995
 Spread of 285 basis points,
 calculated as if the Original             Interest Reset Period:
 Issue Date were an Interest                 Daily, commencing with and
 Reset Date                                  including each Interest Reset
                                             Date, to, but excluding, the
Commission or Discount (as a                 immediately following Interest
  percentage of Principal                    Reset Date (or any such daily
  Amount):  0.00%                            period after the Maturity Date)

Interest Payment Dates:
  October 2, 1995, January 2,
  1996, April 1, 1996 and the
  Maturity Date

Redemption Provisions:
  None









Index Maturity: not applicable                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

          The Notes will bear interest at a rate reset on the Interest
Reset Dates specified above. The interest rate in effect from the
Original Issue Date to the first Interest Reset Date with respect to
the Notes will be the Initial Interest Rate. Thereafter, the interest
rate per annum on the Notes for each Interest Reset Period will be
determined as the Prime Rate minus a Spread of 285 basis points.

          Interest on the Notes will be calculated based on the actual
number of days elapsed over a year of 360 days. The initial
Calculation Agent with respect to the Notes will be The Chase
Manhattan Bank (National Association).

          If any Interest Payment Date or any Interest Reset Date
would otherwise be a day that is not a Business Day, such date will be
postponed to the next day that is a Business Day. For purposes of the
offering made hereby, "Business Day" as used herein and in the
accompanying Prospectus Supplement means any 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.


                         PLAN OF DISTRIBUTION

          The Notes will be sold to Salomon Brothers Inc for resale to
one or more investors at the Issue Price set forth above. After the
initial offering of the Notes, the public offering price and any
concession or discount may be changed.


Dated:  June 27, 1995.