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<PAGE> 1 PROSPECTUS Dated Pricing Supplement No. 7 April 1, 1998 Effective May 25, 1998 U.S.$1,000,000,000 Rule 424 (b)(3) Registration Statement FORD MOTOR CREDIT COMPANY No. 333-45015 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 - --------- ------------- --------------- ---------------- 5/25/98 5.28% 5.48% 5.68%
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