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       <S>                                                   <C>  
       Pricing Supplement dated March 5, 1998                     Rule 424(b)(3)
       (To Prospectus dated March 9, 1994 and                File No. 33-52359
       Prospectus Supplement dated March 9, 1994) 



                                  TOYOTA MOTOR CREDIT CORPORATION

                                   Medium-Term Note - Fixed Rate

________________________________________________________________________________
______


Principal Amount:  $100,000,000           Trade Date: March 5, 1998 
Issue Price:  100%                        Original Issue Date: March 10, 1998 
Interest Rate: 5.73%                      Net Proceeds to Issuer: $99,990,000    
Interest Payment Dates:September 10, 1998 Principal's Discount or
 and March 10, 1999                        Commission:  0.01% 
Stated Maturity Date: March 10, 1999 


________________________________________________________________________________
______




Day Count Convention:
     [x]  30/360 for the period from March 10, 1998 to March 10, 1999 
     [ ]  Actual/365 for the period from             to
     [ ]  Other (see attached)                       to

Redemption:
     [X]  The Notes cannot be redeemed prior to the Stated Maturity Date.
     [ ]  The Notes may be redeemed prior to Stated Maturity Date.
          Initial Redemption Date:  
          Initial Redemption Percentage:  
          Annual Redemption Percentage Reduction:  

Repayment:
     [x]  The Notes cannot be repaid prior to the Stated Maturity Date.
     [ ]  The Notes can be repaid prior to the Stated Maturity Date at the 
          option of the holder of the Notes.
          Optional Repayment Date(s):
          Repayment Price:     %

Currency:
     Specified Currency:  U.S. dollars
          (If other than U.S. dollars, see attached)
     Minimum Denominations:  
          (Applicable only if Specified Currency is other than U.S. dollars)

Original Issue Discount:  [ ]  Yes     [x] No
     Total Amount of OID:
     Yield to Maturity:
     Initial Accrual Period:

Form:  [x] Book-entry            [ ] Certificated
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                                 Goldman, Sachs & Co.




















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                     ADDITIONAL TERMS OF THE NOTES

Plan of Distribution

     Under the terms of and subject to the conditions of a 
Distribution Agreement dated as of October 17, 1991, as amended, 
(the "Agreement"), between TMCC and Goldman, Sachs & Co., 
Goldman, Sachs & Co., acting as principal, has agreed to purchase 
and TMCC has agreed to sell the Notes at 99.99% of their 
principal amount. Goldman, Sachs & Co. proposes to offer the 
Notes at an initial public offering price of 100% of the 
principal amount thereof. After the Notes are released for sale
to the public, the offering price may from time to time be varied 
by Goldman, Sachs & Co.  

     Under the terms and conditions of the Agreement, Goldman, 
Sachs & Co. is committed to take and pay for all of the Notes 
offered hereby if any are taken.