Ford Credit Files Prospectus and Renews MTN Program

Ford Credit Canada Ltd. filed a short-form shelf prospectus, dated December 16, 2004, in respect of the sale of up to $6 billion of unsecured debt securities, unconditionally guaranteed by Ford Motor Credit Co. In conjunction with the shelf prospectus, Ford Credit Canada concurrently filed a prospectus supplement, dated December 16, 2004, establishing a $6 billion medium term note program.

Under the program, Scotia Capital Inc. has been appointed agent with respect to the sale of medium term notes primarily to retail accounts, and Scotia Capital Inc., BMO Nesbitt Burns Inc., Merrill Lynch Canada Inc. and RBC Dominion Securities Inc. have been appointed agents for the sale of medium term notes primarily to non-retail accounts.

Ford Credit Canada and Ford Motor Credit were represented by in-house counsel Stacy Thomas, and by Fasken Martineau DuMoulin LLP with a team that included Leslie Rose, John Sabetti and Krisztian Toth (corporate/securities) and Mitchell Thaw (tax). Shearman & Sterling LLP was New York counsel to the guarantor, Ford Motor Credit, with a team that included Lisa Jacobs, David Bleich and Rebecca Marek.

The agents were represented by Stikeman Elliott LLP with a team that included Mihkel Voore and Maurice Swan (corporate/securities) and Kevin Kelly (tax).