UNITED STATES
                    SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549

                    ----------------------------------


                                 FORM 8-K

                              CURRENT REPORT


                  Pursuant to Section 13 or 15(d) of the
                     Securities Exchange Act of 1934



      Date of Report (Date of earliest event reported):     February 8, 2002
                                                            ----------------




                       Toyota Motor Credit Corporation
           ------------------------------------------------------
           (Exact name of registrant as specified in its charter)





    California                     1-9961                     95-3775816
- -------------------           ----------------            -------------------
  (State or other               (Commission                  (IRS Employer
  jurisdiction of               File Number)              Identification No.)
   incorporation)




       Toyota Motor Credit Corporation
         19001 South Western Avenue
            Torrance, California                                 90509
- ----------------------------------------------            -------------------
   (Address of principal executive offices)                    (Zip Code)



Registrant's telephone number, including area code:         (310) 468-1310
                                                          -------------------

                          Exhibit Index is on Page 2
                                 Page 1 of 3




Item 5.  Other Events
         ------------

The February 8, 2002 Press Release of the Registrant attached as Exhibit 99
is incorporated herein by reference.


Item 7(c).  Exhibits

            Exhibit Number    Description
            --------------    -----------

                 99           Press Release, dated February 8, 2002,
                              of Toyota Motor Credit Corporation.




































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                                 SIGNATURES
                                 ----------


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 hereunto duly authorized.




                                   TOYOTA MOTOR CREDIT CORPORATION
                                   -------------------------------
                                   (Registrant)


Date:  February 8, 2002          By:         /s/ John F. Stillo
       ------------------                -------------------------------
                                                 John F. Stillo
                                                 Vice President
                                           and Chief Financial Officer





























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