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



                                March 18, 1996
Date of Report ..............................................................
                       (Date of earliest event reported)

                        CHRYSLER FINANCIAL CORPORATION
 .............................................................................
            (Exact name of registrant as specified in its charter)


State of Michigan                     1-5966                       38-0961430
 .............................................................................
(State or other jurisdiction        (Commission)                (IRS Employer
 of incorporation)                   File No.)             Identification No.)


                27777 Franklin Rd., Southfield, Michigan 48034
                ..............................................
                   (Address of principal executive offices)



                                                        (810) 948-3058
Registrant's telephone number, including area code...........................




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Item 5.  Other Events.


        Attached as Exhibit 99 are certain materials prepared by Chrysler
Financial Corporation that are required to be filed pursuant to the no-action
letter dated May 20, 1994 issued by the staff of the Securities and Exchange
Commission (the "Commission") to Kidder, Peabody Acceptance Corporation-1,
Kidder, Peabody & Co. Incorporated and Kidder Structured Asset Corporation and
the no-action letter dated February 15, 1995 issued by the staff of the
Commission to the Public Securities Association.



Item 7.  Financial Statements, Pro Forma Financial Information and
         Exhibits.

        Listed below are the financial statements, pro forma financial
information and exhibits, if any, filed as a part of this Report:


        (a)    Financial statements of businesses acquired;

               None

        (b)    Pro forma financial information:

               None

        (c)    Exhibits:

               Exhibit 99



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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.

                                              CHRYSLER FINANCIAL CORPORATION



Date: March 20, 1996                              By: /s/ T.L. Hackman
                                                      ----------------
                                                          Secretary



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                                 EXHIBIT INDEX


Exhibit
  No.                 Description of Exhibit
- -------               ----------------------

  99                  Material prepared by Chrysler Financial Corporation
                      in connection with Premier Auto Trust 1996-1
                      pursuant to the no-action letter dated May 20, 1994
                      issued by the staff of the Securities and Exchange
                      Commission (the "Commission") to Kidder, Peabody
                      Acceptance Corporation-1, Kidder, Peabody & Co.
                      Incorporated and Kidder Structured Asset Corporation and
                      the no-action letter dated February 15, 1995 issued by
                      the staff of the Commission to the Public Securities
                      Association.



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