5 B Euro Ford Motor Medium-Term Note Program

Fasken Martineau (now Fasken Martineau DuMoulin) acted as Canadian counsel to Ford Motor Credit Company and its subsidiary, Ford Credit Canada Limited, in connection with the establishment effective November 1, 1999 of a 5 billion euro medium-term note program in the European markets.

The program provides for offerings on a continuing basis by Ford Motor Credit Company or its subsidiaries Ford Credit Canada Limited, Ford Credit Australia Limited and Primus Financial Services, Inc. of Japan of unsecured notes denominated in euro, having maturities of more than nine months (five years in the case of Ford Credit Canada Limited) and flexible terms as to interest rates and other attributes. The notes will be listed on the Luxembourg Stock Exchange. Donald J. Steadman and Elizabeth J. Johnson represented the firm in connection with the offering.

Ford Motor Credit Company and the subsidiaries were represented by Hurley D. Smith, Corporate Counsel and Secretary of Ford Motor Credit Company, as to United States’ tax law by Shearman & Sterling, New York, and as to English law by Lovell White Durrant, London. Ford Credit Australia Limited was represented by Arthur Robinson & Hedderwicks, Melbourne, and Primus Financial Services, Inc. by Tsunematsu Yanase & Sekine, Tokyo. Arbie R. Thalacker, Lisa L. Jacobs and Thomas S. Hornbaker of Shearman & Sterling, New York, represented the selling agents for the Notes.