ASSOCIATES FIRST CAPITAL CORP
SC 13G/A, 1998-07-13
PERSONAL CREDIT INSTITUTIONS
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                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
             TO RULES 13d-1(b) and (c) AND AMENDMENTS THERETO FILED
                               (Amendment No. 1 )*


                      Associates First Capital Corporation
                                (Name of Issuer)


                 Class A Common Stock, $.01 par value per share
                         (Title of Class of Securities)


                                   046008 10 8
                                 (CUSIP Number)

                                Page 1 of 4 Pages


- -------------------------
     *The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

     The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).




<PAGE>

CUSIP No.  046008 10 8                13G                  Page  2  of  4  Pages



(1)      Names of Reporting Persons
         I.R.S. Identification No. of Above Persons (Entities Only)

         Ford Motor Company
         I.R.S. Id. No.  38-0549190
- --------------------------------------------------------------------------------
                                                                               
(2)      Check the Appropriate Box if a Member of a Group*          (a)____  
                                                                    (b)____  
                  N.A.
- --------------------------------------------------------------------------------

(3)      SEC Use Only
- --------------------------------------------------------------------------------


(4)      Citizenship or Place of Organization

         Delaware
- --------------------------------------------------------------------------------

 Number of Shares                    (5) Sole Voting Power
 Beneficially Owned
 by Each Reporting                       0 Shares
 Person With                         -------------------------------------------
                                     (6) Shared Voting Power

                                         0 Shares
                                     -------------------------------------------
                                     (7) Sole Dispositive Power

                                         0 Shares
                                     -------------------------------------------
                                     (8) Shared Dispositive Power

                                         0 Shares
- --------------------------------------------------------------------------------
(9)      Aggregate Amount Beneficially Owned by Each Reporting Person

                  0 Shares
- --------------------------------------------------------------------------------
(10)     Check box if the Aggregate Amount in Row (9) Excludes Certain Shares*

                                                                         ----
- --------------------------------------------------------------------------------
(11)     Percent of Class Represented by Amount in Row 9

                  0%
- --------------------------------------------------------------------------------
(12)     Type of Reporting Person*

                  CO
- --------------------------------------------------------------------------------


                  *SEE INSTRUCTION BEFORE FILLING OUT!

<PAGE>


CUSIP No.  046008 10 8                 13G                    Page 3 of 4 Pages


Item 1.
         (a)  Associates First Capital Corporation

         (b)  250 Carpenter Freeway, Irving, Texas  75062-2789

Item 2.
         (a)  Ford Motor Company

         (b)  The American Road, Dearborn, Michigan 48121

         (c)  U.S.A.

         (d)  Class A Common Stock, Par Value $.01 Per Share

         (e)  CUSIP No. 046008 10 8

Item 3.  This statement is not filed pursuant to either Rule 13d-1(b)
         or 13d-2(b).


Item 4.  Ownership
        (a)  0 shares (1)

        (b)  0%

        (c)
            (i)      0 shares
            (ii)     0 shares
            (iii)    0 shares
            (iv)     0 shares

Item 5.  Ownership of Five Percent or Less of a Class

    If this  statement  is being  filed to  report  the fact that as of the date
hereof the reporting  person has ceased to be the beneficial  owner of more than
five percent of the class of securities, check the following  X.
                                                            ----

Item 6.  Ownership of More than Five Percent on Behalf of Another Person

         N/A



<PAGE>
CUSIP No. 046008 10 8                  13G                     Page 4 of 4 Pages


Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company

         N/A


Item 8.  Identification and Classification of Members of the Group

         N/A

Item 9.  Notice of Dissolution of Group

         N/A

Item 10. Certification

         N/A

                                    SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.

                                        July 8, 1998
                                       -----------------------------------------
                                       Date
                                        /s/Peter Sherry, Jr.
                                       -----------------------------------------
                                       Signature

                                       Peter J. Sherry, Jr./ Assistant Secretary
                                       -----------------------------------------
                                       Name/Title




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