Pricing Supplement No. 1 Dated January 3, 1994
(To Prospectus and Prospectus Supplement
Dated December 1, 1993)
Rule 424(b)(3)
Registration Statement
No. 33-51075
U.S.$3,000,000,000
FORD MOTOR CREDIT COMPANY
Medium-Term Notes Due from 9 Months
to 30 Years from Date of Issue
Ford Motor Credit Company has designated $400,000,000
aggregate principal amount of its Medium-Term Notes Due from 9
Months to 30 Years from Date of Issue having specific terms set
forth below, for sale at a price of 100% of the principal amount.
See the accompanying Prospectus and Prospectus Supplement for
further information regarding the Notes described in the Pricing
Supplement.
Issue Date: January 10, 1994
Principal Amount: $400,000,000
Interest Rate Basis: (a) For the period from and including
January 10, 1994 to but excluding
April 11, 1994, LIBOR having an
Index Maturity of three months as
determined on January 6, 1994,
plus 30 basis points; and (b)
thereafter, LIBOR having an Index
Maturity of three months
plus 30 basis points.
Interest Reset Dates The 11th day of the months of April,
for LIBOR July, October and January during the
period commencing April 11, 1994 and
ending October 11, 1998.
Interest Payment Dates: The 11th day of the months of April,
July, October and January during the
period commencing April 11, 1994 and
ending October 11, 1998, and at Stated
Maturity.
Stated Maturity: January 11, 1999
Reference Agent: Chemical Bank
