Pricing Supplement No. 146 Dated November 17, 1997 Rule 424(b)(3)
(To Prospectus and Prospectus Supplement Registration Statement
Dated October 24, 1996) No. 33-64237
U.S. $5,000,000,000
FORD MOTOR CREDIT COMPANY
Medium-Term Notes Due from 9 Months to 30 Years from Date of Issue
Ford Motor Credit Company ("Ford Credit") has designated $5,000,000
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. Merrill
Lynch, Pierce, Fenner & Smith Incorporated has agreed to purchase the Notes
at a price of 99.25% of their principal amount for resale at an initial
public offering price of 100% of their principal amount. After the initial
public offering, the offering price may be changed.
Issue Date: December 1, 1997
Principal Amount: $5,000,000
Interest Rate Per Annum: 6.04%
Interest Payment Dates: The 15th day of each month, commencing December
15, 1997
Stated Maturity: December 17, 2001
MERRILL LYNCH & CO.
