FORD MOTOR CREDIT CO
424B3, 1999-09-29
PERSONAL CREDIT INSTITUTIONS
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  Rule 424(b)(3)
  Registration Statement No. 333-75177
Pricing Supplement No. 5 Dated September 28, 1999
(To Prospectus and Prospectus Supplement Dated May 27, 1999)

U.S. $8,000,000,000

FORD MOTOR CREDIT COMPANY

Medium-Term Notes Due More Than

9 Months From Date of Issue

        Ford Motor Credit Company has designated $2,000,000,000 aggregate principal amount of its Medium-Term Notes Due More Than 9 Months From Date of Issue having the specific terms set forth below. Credit Suisse First Boston Corporation has agreed to purchase the Notes at a price of 100% of their principal amount for resale at varying prices related to prevailing market prices determined by Credit Suisse First Boston Corporation at the time of resale.

  Issue Date:  September 30, 1999.
 
  Maturity Date:  October 2, 2000.
 
  Principal Amount:  $2,000,000,000.

  Interest Rate Basis:  LIBOR Telerate having an Index Maturity of three months minus 1 basis point.

  Interest Reset Dates:  On the Issue Date and thereafter quarterly on the 30th day of the months of December 1999, March 2000 and June 2000.

  Interest Payment Dates:  Quarterly on the 30th day of the months of December 1999, March 2000, June 2000 and at Maturity.

  Reference Agent:  The Chase Manhattan Bank.

  CREDIT SUISSE FIRST BOSTON



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