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Pricing Supplement No. 7 Dated March 9, 1999 Registration No.
(To Prospectus and Prospectus Supplement 333-41059
Dated March 26, 1998) Rule 424(b)(3)
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 has designated $50,000,000 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. Salomon Smith Barney Inc. has agreed to
purchase the Notes at a price of 99.825% 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.
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Issue Date: March 16, 1999.
Principal Amount: $50,000,000.
Interest Rate Basis: LIBOR having an Index Maturity of
three months plus 2 basis points.
Interest Reset Dates: On the Issue Date and thereafter
quarterly on June 16, 1999,
September 15, 1999, December 15,
1999, March 15, 2000, June 14,
2000, September 14, 2000, December
14, 2000.
Interest Payment Dates: Quarterly on June 16, 1999,
September 15, 1999, December 15,
1999, March 15, 2000, June 14,
2000, September 14, 2000, December
14, 2000 and at Stated Maturity.
Stated Maturity: March 14, 2001.
Reference Agent: The Chase Manhattan Bank.
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SALOMON SMITH BARNEY INC.
