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                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
 
                               ----------------
 
                                   FORM 10-Q
 
[X]QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
   EXCHANGE ACT OF 1934
 
FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1997
 
                                      OR
 
[_]TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES
   EXCHANGE ACT OF 1934
 
                      COMMISSION FILE NUMBER 33-80775-01
 
                               ----------------
 
                            CASE CREDIT CORPORATION
            (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
 
               DELAWARE                              76-0394710
       (STATE OF INCORPORATION)         (I.R.S. EMPLOYER IDENTIFICATION NO.)
 
                        233 LAKE AVE., RACINE, WI 53403
          (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES INCLUDING ZIP CODE)
 
      REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (414) 636-6011
 
                               ----------------
 
  Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the past 90 days.  YES [X] NO [_]
 
  Indicate the number of shares outstanding of each of the issuer's classes of
common stock as of the latest practicable date.
 
  Common Stock, par value $5.00 per share: 200 shares outstanding as of
September 30, 1997.
 
  THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTION H(1)(A)
AND (B) OF FORM 10-Q AND IS THEREFORE FILING THIS FORM WITH THE REDUCED
DISCLOSURE FORMAT PERMITTED BY GENERAL INSTRUCTION H OF FORM 10-Q.
 
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<PAGE>
 
                               TABLE OF CONTENTS
 
<TABLE>
<CAPTION>
                                                                            PAGE
                                                                            ----
<S>                                                                         <C>
Part I--Financial Information
  Case Credit Corporation and Subsidiaries
    Balance Sheets.........................................................   2
    Statements of Income...................................................   3
    Statements of Cash Flows...............................................   4
    Statements of Changes in Shareholder's Equity..........................   5
    Notes to Financial Statements..........................................   6
    Management's Analysis of Results of Operations.........................   9
Part II--Other Information
  Item 1. Legal Proceedings................................................   *
  Item 2. Changes in Securities............................................   *
  Item 3. Defaults Upon Senior Securities..................................   *
  Item 4. Submission of Matters to a Vote of Security Holders..............   *
  Item 5. Other Information................................................   *
  Item 6. Exhibits and Reports on Form 8-K.................................  10
</TABLE>
--------
*No response to this item is included herein for the reason that it is
   inapplicable, is not required pursuant to General Instruction H of Form 10-
   Q, or the answer to such item is negative.
 
                                       1
<PAGE>
 
                         PART I--FINANCIAL INFORMATION
 
                    CASE CREDIT CORPORATION AND SUBSIDIARIES
 
                          CONSOLIDATED BALANCE SHEETS
                AS OF SEPTEMBER 30, 1997, AND DECEMBER 31, 1996
                        (IN MILLIONS, EXCEPT SHARE DATA)
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                     SEPTEMBER 30, DECEMBER 31,
                       ASSETS                            1997          1996
                       ------                        ------------- ------------
<S>                                                  <C>           <C>
Cash and cash equivalents...........................    $   45        $   17
Retail notes and finance leases.....................     1,457         1,163
Due from Trusts.....................................       283           275
                                                        ------        ------
    Total receivables...............................     1,740         1,438
Allowance for credit losses.........................       (30)          (30)
                                                        ------        ------
Total receivables--net..............................     1,710         1,408
Affiliated receivables..............................        13            13
Equipment on operating leases, net..................       153            97
Other assets........................................        66            20
Property and equipment, at cost.....................         4             3
Accumulated depreciation............................        (1)           (1)
                                                        ------        ------
    Net property and equipment......................         3             2
                                                        ------        ------
    Total...........................................    $1,990        $1,557
                                                        ======        ======
<CAPTION>
        LIABILITIES AND SHAREHOLDER'S EQUITY
        ------------------------------------
<S>                                                  <C>           <C>
Short-term debt.....................................    $1,199        $  829
Accounts payable and other accrued liabilities......        42            54
Deposits withheld from dealers......................        18            19
Long-term debt......................................       410           415
                                                        ------        ------
    Total liabilities...............................     1,669         1,317
                                                        ------        ------
Minority Interest...................................         3           --
Shareholder's equity:
  Common Stock, $5 par value, 200 shares authorized,
   issued and outstanding...........................       --            --
  Paid-in capital...................................       219           199
  Cumulative translation adjustment.................       (10)           (6)
  Retained earnings.................................       109            47
                                                        ------        ------
    Total shareholder's equity......................       318           240
                                                        ------        ------
    Total...........................................    $1,990        $1,557
                                                        ======        ======
</TABLE>
 
  The accompanying notes to financial statements are an integral part of these
                                Balance Sheets.
 
                                       2
<PAGE>
 
                    CASE CREDIT CORPORATION AND SUBSIDIARIES
 
                       CONSOLIDATED STATEMENTS OF INCOME
        FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
                                 (IN MILLIONS)
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                  THREE MONTHS      NINE MONTHS
                                                      ENDED            ENDED
                                                  SEPTEMBER 30,    SEPTEMBER 30,
                                                  --------------   --------------
                                                   1997    1996     1997    1996
                                                  ------  ------   ------  ------
<S>                                               <C>     <C>      <C>     <C>
Revenues:
  Finance income earned on retail notes and
   finance leases................................ $   29  $   18   $   75  $   44
  Interest income from Case Corporation..........      6       4       16      13
  Net gain on retail notes sold..................     19      18       52      63
  Securitization and servicing fee income........     10      14       32      52
  Lease income on operating leases...............      9       4       23      10
  Other income...................................      2       3        3       4
                                                  ------  ------   ------  ------
      Total revenues.............................     75      61      201     186
Expenses:
  Interest expense:
    On obligations to others.....................     28      22       71      52
    On payables to affiliates....................    --      --         1       1
                                                  ------  ------   ------  ------
      Total interest expense.....................     28      22       72      53
Operating expenses:
  Fees charged by Case Corporation...............      4       5       14      15
  Administrative and operating expenses..........      3       3        8       7
  Provision (credit) for credit losses...........    --      --       --       (1)
  Depreciation of equipment on operating leases..      6       4       15       7
  Other..........................................    --       (1)       1     --
                                                  ------  ------   ------  ------
      Total operating expenses...................     13      11       38      28
                                                  ------  ------   ------  ------
      Total expenses.............................     41      33      110      81
                                                  ------  ------   ------  ------
Income before taxes..............................     34      28       91     105
Income tax provision.............................     11       5       29      37
                                                  ------  ------   ------  ------
Income before extraordinary loss.................     23      23       62      68
Extraordinary loss...............................    --       (3)     --       (3)
                                                  ------  ------   ------  ------
Net income....................................... $   23  $   20   $   62  $   65
                                                  ======  ======   ======  ======
</TABLE>
 
  The accompanying notes to financial statements are an integral part of these
                             Statements of Income.
 
                                       3
<PAGE>
 
                    CASE CREDIT CORPORATION AND SUBSIDIARIES
 
                     CONSOLIDATED STATEMENTS OF CASH FLOWS
             FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996
                                 (IN MILLIONS)
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                            NINE MONTHS ENDED
                                                              SEPTEMBER 30,
                                                            ------------------
                                                              1997      1996
                                                            --------  --------
<S>                                                         <C>       <C>
Operating activities:
  Net income............................................... $     62  $     65
  Adjustments to reconcile net income to net cash provided
   by operating activities:
    Depreciation and amortization..........................       16         9
    Deferred income tax expense............................       (2)       (1)
    Extraordinary loss, after tax..........................      --          3
    Net gain on retail notes sold..........................      (52)      (63)
    Changes in components of working capital:
      (Increase) decrease in other assets..................      (31)        1
      Decrease in accounts payables and other accrued
       liabilities.........................................      (13)       (2)
      Other, net...........................................       (9)       --
                                                            --------  --------
        Net cash provided (used) by operating activities...      (29)       12
                                                            --------  --------
Investing activities:
  Cost of receivables acquired.............................   (1,918)   (1,535)
  Collections of receivables...............................      432       248
  Proceeds from sales of receivables.......................    1,235     1,175
  Expenditures for property and equipment..................       (1)       (2)
  Purchase of equipment on operating leases................      (68)      (53)
  Investments in joint ventures............................      (16)      --
                                                            --------  --------
        Net cash used by investing activities..............     (336)     (167)
                                                            --------  --------
Financing activities:
  Proceeds from issuance of long-term debt.................      --        200
  Increase (decrease) in revolving credit facilities.......      373       (16)
  Dividends paid...........................................      --        (20)
  Capital contributions from Case Corporation..............       20       --
  Other....................................................      --          1
                                                            --------  --------
        Net cash provided by financing activities..........      393       165
                                                            --------  --------
Increase in cash and cash equivalents......................       28        10
Cash and cash equivalents, beginning of period.............       17        15
                                                            --------  --------
Cash and cash equivalents, end of period................... $     45  $     25
                                                            ========  ========
Cash paid during the period for interest................... $     78  $     52
                                                            ========  ========
Cash paid during the period for taxes...................... $     31  $     47
                                                            ========  ========
</TABLE>
 
  The accompanying notes to financial statements are an integral part of these
                           Statements of Cash Flows.
 
                                       4
<PAGE>
 
                    CASE CREDIT CORPORATION AND SUBSIDIARIES
 
           CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY
                                 (IN MILLIONS)
                                  (UNAUDITED)
 
<TABLE>
<CAPTION>
                                                     CUMULATIVE
                                      COMMON PAID IN TRANSLATION RETAINED
                                      STOCK  CAPITAL ADJUSTMENT  EARNINGS TOTAL
                                      ------ ------- ----------- -------- -----
<S>                                   <C>    <C>     <C>         <C>      <C>
Balance, December 31, 1995...........  $--    $199      $ (8)      $  2   $193
  Net income.........................   --     --        --          85     85
  Dividends declared.................   --     --        --         (40)   (40)
  Translation adjustment.............   --     --          2        --       2
                                       ----   ----      ----       ----   ----
Balance, December 31, 1996...........   --     199        (6)        47    240
  Net income.........................   --     --        --          62     62
  Capital contribution from Case
   Corporation.......................   --      20       --         --      20
  Translation adjustment.............   --     --         (4)       --      (4)
                                       ----   ----      ----       ----   ----
Balance, September 30, 1997..........  $--    $219      $(10)      $109   $318
                                       ====   ====      ====       ====   ====
</TABLE>
 
 
 
  The accompanying notes to financial statements are an integral part of these
                 Statements of Changes in Shareholder's Equity.
 
                                       5
<PAGE>
 
                   CASE CREDIT CORPORATION AND SUBSIDIARIES
 
                         NOTES TO FINANCIAL STATEMENTS
 
(1)--BASIS OF PRESENTATION
 
  The accompanying financial statements reflect the consolidated results of
Case Credit Corporation and its subsidiaries ("Case Credit" or the "Company").
All significant intercompany transactions have been eliminated in
consolidation.
 
  In the opinion of management, the accompanying unaudited financial
statements of Case Credit contain all adjustments which are of a normal
recurring nature necessary to present fairly the financial position as of
September 30, 1997, and the results of operations, changes in shareholder's
equity and cash flows for the periods indicated. Interim financial results are
not necessarily indicative of operating results for an entire year.
 
  Certain reclassifications have been made to conform the prior years'
financial statements to the 1997 presentation.
 
(2)--ASSET-BACKED SECURITIZATIONS
 
  During the third quarter of 1997, limited-purpose business trusts organized
by Case Credit issued $876 million of asset-backed securities to outside
investors. In the first nine months of 1997, limited-purpose business trusts
organized by Case Credit issued $1,706 million of asset-backed securities to
outside investors. As of September 30, 1997, Case Credit has sold $1,301
million of U.S. and Canadian retail notes to the trusts in connection with
these issuances. In the first nine months of 1996, limited-purpose business
trusts organized by Case Credit issued $1,646 million of asset-backed
securities to outside investors, selling $1,238 million of U.S. and Canadian
retail notes to the trusts in connection with these issuances. The proceeds
from the sale of the retail notes were used to repay outstanding debt and to
finance additional receivables.
 
(3)--SHORT-TERM DEBT AND LINES OF CREDIT
 
  During the first quarter of 1997, Case Credit Ltd. (Canada), a wholly owned
subsidiary of Case Credit, established a C$500 million commercial paper
facility. The principal amount of the commercial paper outstanding, combined
with the amounts outstanding on the C$500 million revolving credit facility,
will not exceed a total of C$500 million. Case Credit has approximately C$404
million of commercial paper outstanding under this facility as of September
30, 1997.
 
  On September 17, 1997, Case Credit filed a shelf registration statement with
the Securities and Exchange Commission for the issuance of up to $700 million
of unsecured debt securities, including $100 million of securities registered
under an earlier shelf registration. As of September 30, 1997, no securities
have been offered pursuant to this shelf registration.
 
  As a result of establishing new credit facilities in the third quarter of
1996, Case Credit recorded a $3 million extraordinary, after-tax charge to
write-off unamortized bank fees related to the original bank agreements
established at the time of Case Corporation's initial public offering in June
1994.
 
(4)--INCOME TAXES
 
  On a consolidated basis, the Company's 1997 year-to-date effective tax rate
of 32% was lower than the U.S. statutory rate of 35% primarily due to
reductions in the tax valuation reserves in certain foreign jurisdictions
offset by state income taxes and foreign income taxed at different rates. The
Company's 1996 year-to-date effective tax rate was equal to the U.S. statutory
rate of 35% and was impacted by state income taxes and foreign income taxed at
different rates offset by the recognition of tax savings from the
implementation of foreign financing strategies and reductions in the tax
valuation reserves in certain foreign jurisdictions.
 
                                       6
<PAGE>
 
                   CASE CREDIT CORPORATION AND SUBSIDIARIES
 
                  NOTES TO FINANCIAL STATEMENTS--(CONTINUED)
 
 
(5)--FINANCIAL INSTRUMENTS
 
 Derivatives
 
  The Company uses derivative financial instruments to manage its interest
rate exposures. Case Credit does not hold or issue financial instruments for
trading purposes. The notional amounts of these contracts do not represent
amounts exchanged by the parties and, thus, are not a measure of the Company's
risk. The net amounts exchanged are calculated on the basis of the notional
amounts and other terms of the contracts, such as interest rates, and only
represent a small portion of the notional amounts. The credit and market risk
under these agreements is minimized through diversification among
counterparties with high credit ratings.
 
  Depending on the item being hedged, gains and losses on derivative financial
instruments are either recognized in the results of operations as they accrue
or are deferred until the hedged transaction occurs. Derivatives used as
hedges are effective at reducing the risk associated with the exposure being
hedged and are designated as a hedge at the inception of the derivative
contract. Accordingly, changes in the market value of the derivative are
highly correlated with changes in the market value of the underlying hedged
item at the inception of the hedge and over the life of the hedge contract.
 
 Interest Rate Swaps
 
  Case Credit enters into interest rate swaps to stabilize funding costs by
minimizing the effect of potential interest rate increases on floating-rate
debt in a rising interest rate environment. Under these agreements, the
Company contracts with a counterparty to exchange the difference between a
fixed rate and a floating rate applied to the notional amount of the swap.
Swap contracts are principally between one and four years in duration. The
differential to be paid or received on interest rate swap agreements is
accrued as interest rates change and is recognized in net income as an
adjustment to interest expense.
 
  Gains and losses resulting from terminated interest rate swap agreements are
deferred and recognized in net income over the shorter term of the remaining
contractual life of the swap agreement or the remaining term of the debt
underlying the swap agreement. If swap agreements are terminated due to the
underlying debt being extinguished, any resulting gain or loss is recognized
in net income as an adjustment to interest expense at the time of the
termination.
 
  The weighted-average pay and receive rates for the swaps outstanding at
September 30, 1997, were 6.05% and 4.86%, respectively. The weighted-average
pay and receive rates for the swaps outstanding at December 31, 1996, were
6.22% and 4.49%, respectively.
 
 Back-to-Back Interest Rate Caps
 
  The asset-backed commercial paper liquidity facility (the "Liquidity
Facility") requires a subsidiary of Case Credit to have interest rate cap
agreements in place. Due to the relatively high expense of obtaining such an
instrument, Case Credit sells an identical cap, concurrent with the cap
purchase, to the same counterparty. This effectively minimizes the overall
expense to Case Credit, meets the requirements of the Liquidity Facility and
eliminates any risk of financial loss on the purchased cap. The defined term
of the cap is approximately 48 months.
  Premiums paid for interest rate cap agreements purchased and sold are
included in "Other Assets" and "Other Liabilities," respectively, in the
accompanying Balance Sheets, and are amortized to interest expense over the
terms of the agreements. Amounts receivable or payable under cap agreements
are recognized in net income as adjustments to interest expense over the term
of the related debt. If interest rate cap agreements are terminated due to the
underlying debt being extinguished, any resulting gain or loss is recognized
in net income as a component of "Net gain on retail notes sold" at the time of
the termination.
 
                                       7
<PAGE>
 
                   CASE CREDIT CORPORATION AND SUBSIDIARIES
 
                  NOTES TO FINANCIAL STATEMENTS--(CONCLUDED)
 
 
  At September 30, 1997, Case Credit had a back-to-back cap at a rate of
7.00%, at a notional amount of approximately $31 million. At December 31,
1996, Case Credit had a back-to-back cap at a rate of 7.00%, at a notional
amount of approximately $98 million.
 
(6)--INVESTMENTS
 
  During the third quarter of 1997, Case Credit announced a joint venture with
UFB LOCABAIL SA, a subsidiary of Compagnie Bancaire, to provide financing for
Case's European dealers and retail customers. The formation of this new
venture, Case Credit Europe S.A.S., establishes the first pan-European finance
organization to serve both the agricultural and construction equipment markets
in the region. Also during the third quarter, Case Credit and Cummins Engine
Company, Inc. ("Cummins") entered into an agreement under which Case Credit
will offer financing to all qualified North American retail purchasers,
dealers and manufacturers of industrial equipment powered by Cummins engines.
 
(6)--SUBSEQUENT EVENTS
 
  On October 16, 1997, the Company issued $150 million aggregate principal
amount of its 6.75% unsecured and unsubordinated notes due 2007 pursuant to a
$700 million shelf registration statement filed with the Securities and
Exchange Commission in September 1997. The net proceeds from the offering will
be used to fund Case Credit's growing portfolio of receivables and for other
corporate purposes, including the repayment of indebtedness.
 
  On October 17, 1997, Case Credit Australia Pty Ltd replaced its A$250
million revolving credit facilities with A$1.0 billion in new credit
facilities. These new facilities are guaranteed by Case Credit Corporation and
are comprised of a A$400 million commercial paper program that is backed by a
syndicated credit facility, and a A$600 million medium-term note program.
Under the terms of the commercial paper program, the principal amount of the
commercial paper outstanding, combined with the amounts outstanding under the
syndicated credit facility, cannot exceed a total of A$400 million.
 
                                       8
<PAGE>
 
                   CASE CREDIT CORPORATION AND SUBSIDIARIES
 
                MANAGEMENT'S ANALYSIS OF RESULTS OF OPERATIONS
 
 Nine Months Ended September 30, 1997, vs. Nine Months Ended September 30,
1996
 
NET INCOME
 
  Net income for the first nine months of 1997 was $62 million as compared to
$65 million for the first nine months of 1996. The $3 million decrease in
year-over-year net income primarily reflects lower net operating margins and
reduced income from asset-backed securitizations, partially offset by higher
earnings as a result of increased levels of on-balance-sheet receivables. The
third quarter of 1996 included a $3 million extraordinary, after-tax charge to
write-off unamortized bank fees in conjunction with the refinancing of the
Company's credit facilities in August 1996.
 
REVENUES
 
  Case Credit reported total revenues of $201 million for the first nine
months of 1997 as compared to revenues of $186 million for the first nine
months of 1996. Finance income earned on retail notes and leases increased to
$75 million in the first nine months of 1997 as compared to $44 million in the
same period in 1996, primarily due to increased levels of on-balance-sheet
receivables. In addition, operating lease revenues increased $13 million in
the first nine months of 1997, reflecting the growth in Case Credit's
operating lease portfolio. These revenue increases were offset by decreases in
net gains on retail notes sold, as well as lower securitization and servicing
fee income. Case Credit continues to implement its asset-management strategy
of retaining a larger percentage of assets on balance sheet, as opposed to
selling those assets through asset-backed securitizations. Long term, the
Company believes this strategy will generate a more stable earnings
performance for Case Credit.
 
EXPENSES
 
  Interest expense for the first nine months of 1997 was $72 million, up $19
million from the $53 million reported in the first nine months of 1996. The
increase in interest expense resulted from higher average debt levels during
the first nine months of 1997 as compared to the first nine months of 1996,
primarily due to the growth in Case Credit's on-balance-sheet receivables and
increased equipment on operating leases.
 
  Operating expenses increased $10 million to a total of $38 million in the
first nine months of 1997 as compared to the first nine months of 1996. This
increase primarily resulted from $8 million of additional depreciation expense
for equipment on operating leases relating to Case Credit's larger operating
lease portfolio.
 
SERVICED PORTFOLIO
 
  During the first nine months of 1997, Case Credit's serviced portfolio of
receivables increased 20% over the comparable period last year to a record
$4.9 billion. Gross receivables acquired in the first nine months of 1997 were
$2.3 billion, an increase of 21% versus the same period in 1996. During the
first nine months of 1997, limited-purpose business trusts organized by Case
Credit issued $1,706 million of asset-backed securities to outside investors.
Case Credit has sold $1,301 million of U.S. and Canadian retail notes to the
trusts in connection with these issuances. In the first nine months of 1996,
Case Credit issued asset-backed securities totaling $1,646 million, selling
$1,238 million of U.S. and Canadian retail notes to the trusts in connection
with these issuances. The proceeds from the sale of retail notes were used to
repay outstanding debt and to finance additional receivables.
 
LIQUIDITY AND CAPITAL RESOURCES
  On October 16, 1997, the Company issued $150 million aggregate principal
amount of its 6.75% unsecured and unsubordinated notes due 2007 pursuant to a
$700 million shelf registration statement filed with the Securities and
Exchange Commission in September 1997. The net proceeds from the offering will
be used to fund Case Credit's growing portfolio of receivables and for other
corporate purposes, including the repayment of indebtedness.
 
                                       9
<PAGE>
 
  On October 17, 1997, Case Credit Australia Pty Ltd replaced its A$250 million
revolving credit facilities with A$1.0 billion in new credit facilities. These
new facilities are guaranteed by Case Credit Corporation and are comprised of a
A$400 million commercial paper program that is backed by a syndicated credit
facility, and a A$600 million medium-term note program. Under the terms of the
commercial paper program, the principal amount of the commercial paper
outstanding, combined with the amounts outstanding under the syndicated credit
facility, cannot exceed a total of A$400 million. These facilities support Case
Credit's strategy to leverage its financing options and broaden its access to
traditional capital markets.
 
OTHER MATTERS
 
  During the third quarter of 1997, Case Credit announced a joint venture with
UFB LOCABAIL SA, a subsidiary of Compagnie Bancaire, to provide financing for
Case's European dealers and retail customers. The formation of this new
venture, Case Credit Europe S.A.S., establishes the first pan-European finance
organization to serve both the agricultural and construction equipment markets
in the region. Also during the third quarter, Case Credit and Cummins Engine
Company, Inc. ("Cummins") entered into an agreement under which Case Credit
will offer financing to all qualified North American retail purchasers, dealers
and manufacturers of industrial equipment powered by Cummins engines.
 
  During the first nine months of 1997, Case Credit received $20 million of
additional capitalization from Case Corporation.
 
                           PART II--OTHER INFORMATION
 
  ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.
 
  (a) Exhibits.
 
  A list of the exhibits included as part of this Form 10-Q is set forth in the
Index to Exhibits that immediately precedes such exhibits, which is
incorporated herein by reference.
 
  (b) Reports on Form 8-K.
 
  Case Credit Corporation did not file any reports on Form 8-K during the
quarter ended September 30, 1997.
 
                                       10
<PAGE>
 
                                   SIGNATURE
  PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.
 
                                          CASE CREDIT CORPORATION
 
                                                  /s/ Robert A. Wegner
                                          By __________________________________
                                              Robert A. Wegner Vice President
                                                and Chief Financial Officer
                                             (Principal Financial Officer and
                                               Authorized Signatory for Case
                                                    Credit Corporation)
 
Date: November 13, 1997
 
                                       11
<PAGE>
 
                                 EXHIBIT INDEX
 
<TABLE>
<CAPTION>
                                                                     SEQUENTIAL
  EXHIBIT                                                               PAGE
  NUMBER                    DESCRIPTION OF EXHIBIT                    NUMBERS
  -------                   ----------------------                   ----------
 <C>       <S>                                                       <C>
 4(a)      --Indenture between Case Credit Corporation and The
           Bank of New York, dated as of October 1, 1997.
 4(b)      --6 3/4% Note due October 21, 2007 issued pursuant to
           the Indenture between Case Credit Corporation and The
           Bank of New York, dated October 1, 1997.
 4(c)      --Resolutions of the Board of Directors of Case Credit
           Corporation authorizing the public offering of debt se-
           curities of Case Credit Corporation in an aggregate
           principal amount of up to $700,000,000.
 4(d)      --Actions of the Authorized Officers of Case Credit
           Corporation authorizing the issuance of $150,000,000
           aggregate principal amount of 6 3/4% Notes Due October
           21, 1997.
 4(e)      --Officers' Certificate and Company Order of Case
           Credit Corporation for the issuance of $150,000,000 ag-
           gregate principal amount of 6 3/4% Notes Due October
           21, 2007.
 10(a)     Second Amendment, dated as of August 25, 1997, to the
           Revolving Credit and Guarantee Agreement, dated as of
           August 23, 1996, among Case Credit Corporation, certain
           foreign Subsidiaries from time to time parties thereto,
           the Lenders parties thereto, the Co-Agents and Lead
           Managers named therein, and The Chase Manhattan Bank,
           as Administrative Agent.
 10(b)     Second Amendment, dated as of August 25, 1997, to the
           Revolving Credit Agreement, dated as of August 23,
           1996, among Case Credit Ltd., the Lenders parties
           thereto, Canadian Imperial Bank of Commerce, as Co-
           Agent, and The Bank of Nova Scotia, as Administrative
           Agent.
 10(c)     --Deed of Guarantee and Negative Pledge, dated October
           17, 1997, executed by Case Credit Corporation pursuant
           to which Case Credit Corporation guarantees certain in-
           debtedness of Case Credit Australia Pty Ltd.
 10(d)     --Bill Facility Agreement, dated October 17, 1997, be-
           tween Case Credit Australia Pty Ltd, the lenders par-
           ties thereto, and National Australia Bank Limited, as
           Agent.
 10(e)     --Deed Poll, dated October 17, 1997, executed by Case
           Credit Australia Pty Ltd, pursuant to which Case Credit
           Australia Pty Ltd may from time to time issue medium-
           term notes.
 12        Computation of Ratio of Earnings to Fixed Charges.
 27        Financial Data Schedule.
</TABLE>
 
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