FORD MOTOR CREDIT CO
424B3, 2000-02-14
PERSONAL CREDIT INSTITUTIONS
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Pricing Supplement No.1 Dated February 10, 2000
(To Prospectus Dated January 6, 2000 and
  Prospectus Supplement Dated January 31, 2000)

                                                                 Rule 424 (b)(3)
                                                          Registration Statement
                                                                   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  Motor  Credit   Company  has   designated   $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.  Banc of  America
Securities LLC, Bear, Stearns & Co. Inc., Chase Securities Inc., Goldman,  Sachs
& Co. and Merrill  Lynch,  Pierce,  Fenner & Smith  Incorporated  severally have
agreed to purchase  $500,000,000  aggregate  principal  amount of the Notes at a
price of 99.588%  of their  principal  amount  for  resale at an initial  public
offering price of 99.963% of their  principal  amount.  After the initial public
offering, the offering price may be changed.

         Issue Date:                      February 15, 2000

         Maturity Date:                   February 15, 2007

         Principal Amount:                $500,000,000

         Interest Rate:                   7.75% per annum

         Interest Payment Dates:          Semiannually on the 15th day of each
                                          February and August, commencing
                                          August 15, 2000


   Banc of America Securities LLC                   Bear, Stearns & Co. Inc.
   Chase Securities Inc.                            Goldman, Sachs & Co.
                               Merrill Lynch & Co.



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