PROSPECTUS Dated Pricing Supplement No. 38
April 1, 1998 Effective December 28, 1999
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
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Interest Rate Per Annum
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Period Tier One Notes Tier Two Notes Tier Three Notes
Beginning Under $15,000 $15,000-$49,999 $50,000 and over
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12/28/98 4.79% 4.99% 5.19%