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

   PRICING SUPPLEMENT NO. 55         TO PROSPECTUS DATED APRIL 16, 1993
                                      (As supplemented August 17, 1993)


                          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              October 5, 1994
     October 6, 1995

   Principal Amount:  $65,000,000     Maturity Date:
                                        October 6, 1995

   Issue Price (as a percentage of    Regular Record Dates:
     Principal Amount):  100%           Fifteenth calendar day
                                        (whether or not a
   CUSIP:  44922L P26                   Business Day) prior to
                                        the corresponding
                                        Interest Payment Date

   Interest Rate Base:  Commercial    Interest Determination Dates:
     Paper                              Second Business Day preceding
                                        the Original Issue Date and
                                        each relevant Interest Reset
                                        Date

   Spread:  Minus 7 basis points

   Initial Interest Rate:
   Commercial
     Paper Rate minus 7 basis
     points

   Commission or Discount (as a       Interest Reset Dates:
     percentage of Principal            October 6, 1994 and each
     Amount):  0.0195%                  Business Day thereafter,
                                        through the Maturity Date

   Interest Payment Dates:            Interest Reset Period:
     The sixth day of each calendar     Daily, commencing with and
     month, commencing November 6,      including each Interest Reset
     1994, and ending on the            Date, to, but excluding, the
     Maturity Date                      immediately following Interest
                                        Reset Date (or any such daily
                                        period after the Maturity Date










   2
   Index Maturity:  1 month           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.





























   3

                                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 Commercial Paper
   Rate minus a Spread of 7 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 CS First Boston Corporation 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:  September 29, 1994.