FORD MOTOR CREDIT CO
424B3, 1997-09-25
PERSONAL CREDIT INSTITUTIONS
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PROSPECTUS Dated                        Pricing Supplement No. 68
March 1, 1997                           Effective September 29, 1997




                     U.S. $1,000,000,000           Rule 424(b)(3)
                                              Registration Statement
                  FORD MOTOR CREDIT COMPANY        No. 33-62973   

                VARIABLE DENOMINATION FLOATING
                      RATE DEMAND NOTES


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


                  Interest Rate Per Annum
                  -----------------------

Period        Tier One Notes   Tier Two Notes    Tier Three Notes
Beginning     Under $15,000    $15,000-$49,999   $50,000 and over
- ---------     --------------   ---------------   ----------------

09/29/97          5.25%             5.45%             5.65%      




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