Pricing Supplement dated March 27, 2001                         Rule 424(b)(3)
(To Prospectus dated January 12, 2000 and                   File No. 333-89659
Prospectus Supplement dated January 12, 2000)

                         TOYOTA MOTOR CREDIT CORPORATION

                        Medium-Term Note - Floating Rate
______________________________________________________________________________

Principal Amount: $100,000,000             Trade Date: March 27, 2001
Issue Price: See "Plan of Distribution"    Original Issue Date: March 29, 2001
Initial Interest Rate:  See "Additional    Net Proceeds to Issuer: $99,990,000
Terms of the Notes - Interest"             Principal's Discount
Interest Payment Period: Quarterly          or Commission: 0.01%
Stated Maturity Date: April 4, 2002

______________________________________________________________________________

Calculation Agent: Bankers Trust Company
Interest Calculation:
     [X]  Regular Floating Rate Note       [ ]  Floating Rate/Fixed Rate Note
     [ ]  Inverse Floating Rate Note              (Fixed Rate Commencement
            (Fixed Interest Rate):                 Date):
     [ ]  Other Floating Rate Note                (Fixed Interest Rate):
            (see attached)

Interest Rate Basis: [ ]  CD Rate [ ] Commercial Paper Rate [ ] Prime Rate
          [ ]  Eleventh District Cost of Funds Rate    [ ]  Federal Funds Rate
          [X]  LIBOR     [ ]  Treasury Rate          [ ]  Other (see attached)
                    If LIBOR, Designated LIBOR Page:  [ ]  Reuters Page:
                                                 [X]  Telerate Page: 3750

Initial Interest Reset Date: July 4, 2001      Spread (+/-): -0.06%
Interest Rate Reset Period: Quarterly          Spread Multiplier:  N/A
Interest Reset Dates: January 4, April 4,      Maximum Interest Rate: N/A
 July 4 and October 4, commencing July 4, 2001
Interest Payment Dates: January 4, April 4,    Minimum Interest Rate: N/A
        July 4 and October 4, commencing       Index Maturity: 3 months
        July 4, 2001                           Index Currency:  U.S. dollars

Day Count Convention:
     [ ]  30/360 for the period from                    to
     [X]  Actual/360 for the period from March 29, 2001 to April 4, 2002
     [ ]  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: N/A
          Initial Redemption Percentage:    N/A
          Annual Redemption Percentage Reduction: N/A

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



                            ___________________________
                                Goldman, Sachs & Co.


                             FURTHER AUTHORIZATIONS

          On December 8, 2000, in supplement to the $1,096,060,000 aggregate
principal amount(or the equivalent thereof in one or more foreign or composite
currencies) of its Medium-Term Notes which TMCC was authorized to offer as of
January 12, 2000, TMCC authorized the offer and issuance from time to time of
an additional $1,500,000,000 aggregate principal amount of its Medium-Term
Notes.  Accordingly, notwithstanding anything to the contrary in the
Prospectus Supplement dated January 12, 2000 (the "Prospectus Supplement"),
the aggregate principal balance of Medium-Term Notes issued prior to the
Prospectus Supplement plus those which may be offered from time to time from
and after the date of the Prospectus Supplement may equal up to
$12,300,000,000 (except that with respect to Medium-Term Notes sold at a
discount to face, the initial offering price will be used, and with respect to
Medium-Term Notes issued at a premium to face, the face amount shall be used).


                       ADDITIONAL TERMS OF THE NOTES


Interest

          The Initial Interest Rate for the Medium-Term Notes offered by this
Pricing Supplement (the "Notes") will be equal to three month LIBOR determined
on March 27, 2001 minus 0.06%.

Plan of Distribution

          Under the terms of and subject to the conditions of the First
Amended and Restated Distribution Agreement dated September 3, 1998 between
TMCC and Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith
Incorporated, Goldman, Sachs & Co. ("Goldman"), Lehman Brothers Inc., J.P.
Morgan Securities Inc., Morgan Stanley & Co. Incorporated and Salomon Smith
Barney Inc., as amended by that certain Amendment No. 1 thereto, dated January
12, 2000 (as amended, the "Agreement"), Goldman, acting as principal, has
agreed to purchase and TMCC has agreed to sell the Notes at 99.99% of their
principal amount.  Goldman may resell the Notes to one or more investors or to
one or more broker-dealers (acting as principal for the purposes of resale) at
varying prices related to prevailing market prices at the time of resale, as
determined by Goldman.

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