Pricing Supplement No.2 Dated August 11, 1999
(To Prospectus and Prospectus Supplement
Dated May 27, 1999) Rule 424(b)(3)
Registration Statement
U.S.$8,000,000,000 No. 333-75177
FORD MOTOR CREDIT COMPANY
Medium-Term Notes Due More Than
9 Months From Date of Issue
Ford Motor Credit Company has designated $1,500,000,000 aggregate principal
amount of its Medium-Term Notes Due More Than 9 Months From Date of Issue having
the specific terms set forth below. Salomon Smith Barney Inc. 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 Salomon Smith
Barney Inc. at the time of resale.
Issue Date: August 18, 1999.
Maturity Date: August 18, 2000.
Principal Amount: $1,500,000,000.
Interest Rate Basis: LIBOR Telerate having an Index
Maturity of three months minus
3.25 basis points.
Interest Reset Dates: On the Issue Date and thereafter
quarterly on the 18th day of the
months of February, May, August
and November commencing November
18, 1999.
Interest Payment Dates: Quarterly on the 18th day of the
months of February, May, August
and November commencing November
18, 1999.
Reference Agent: The Chase Manhattan Bank.
SALOMON SMITH BARNEY
