FORD MOTOR CREDIT CO
424B3, 2000-07-13
PERSONAL CREDIT INSTITUTIONS
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Pricing Supplement No. 16 Dated July 12, 2000
(To Prospectus Dated January 6, 2000
  and Prospectus Supplement Dated January 31, 2000)
                                                                  Rule 424(b)(3)
                                                               Registration Stmt
                                                                   No. 333-91953
                               U.S.$12,000,000,000
                            Ford Motor Credit Company
                         Medium-Term Notes Due More Than
                           9 Months From Date of Issue

         Ford Credit has designated  $300,000,000  aggregate principal amount of
its  Medium-Term  Notes Due More Than 9 Months  From  Date of Issue  having  the
specific  terms set forth below.  Chase  Securities  Inc. has agreed to purchase
$300,000,000  aggregate principal amount of the Notes at a price of 99.85988% of
their principal amount for resale at varying prices related to prevailing market
prices  determined by Chase  Securities Inc. at the time of resale.  Ford Credit
may,  without the consent of the holders of the Notes,  issue  additional  notes
with the same ranking and the same  interest  rate,  maturity and other terms as
the Notes. Any additional notes will, together with the Notes, be a single class
of the series of Medium-Term Notes under the Indenture.  No additional notes may
be issued if an Event of Default has occurred with respect to the Notes.

         Issue Date:                   July 17, 2000

         Maturity Date:                July 19, 2004

         Initial Principal Amount:     $300,000,000

         Interest Rate Basis:          LIBOR Telerate having an Index
                                       Maturity of three months plus
                                       35 basis points (0.35%)

         Interest Reset Dates:         On the Issue Date and thereafter
                                       quarterly on the 19th day of each
                                       January, April, July and
                                       October, until the Notes are paid in full

         Interest Payment Dates:       Quarterly on the 19th day of each
                                       January, April, July and October,
                                       beginning October 19, 2000,
                                       and at Maturity

         CUSIP No.:                    345402 5G 2

         Interest Determination Date:  Two London banking days prior to
                                       each Interest Reset Date

         Reference Agent:              The Chase Manhattan Bank

                              Chase Securities Inc.




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