8-K

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549


                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                          Date of Report: September 14, 2000
                        (Date of earliest event reported)


                            FORD MOTOR CREDIT COMPANY
             (Exact name of registrant as specified in its charter)


                                    Delaware
                 (State or other jurisdiction of incorporation)


                    1-6368                  38-1612444
           (Commission File Number) (IRS Employer Identification No.)


 One American Road, Dearborn,  Michigan        48126
(Address of principal executive offices)    (Zip Code)



Registrant's telephone number, including area code 313-322-3000








Item 5.  Other Events.
- ---------------------

The news release of Ford Motor Company dated  September 14, 2000 announcing a
$5 billion stock repurchase program,  filed as Exhibit 99 to this Current Report
on Form 8-K, is incorporated herein by reference.


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits.


                                    EXHIBITS

Designation           Description                       Method of Filing


Exhibit 99            News Release of                   Filed with this Report
                      Ford Motor Company
                      Dated September 14, 2000



                                    SIGNATURE

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned thereunto duly authorized on the date indicated.

                                   FORD MOTOR CREDIT COMPANY
                                  (Registrant)

Date:  September 14, 2000            By: /s/S. P. Thomas
                                    -------------------------
                                            S. P. Thomas
                                            Assistant Secretary


  EXHIBIT INDEX
                                  -------------


Designation                Description

- -----------                -----------

Exhibit 99                 News Release of
                           Ford Motor Company
                           Dated September 14, 2000

EX-99

                                                                   Exhibit 99



News

Contact:   Media Inquiries       Securities Analysts       Shareholder Inquiries
           Christian Vinyard     Mike Holland              800-555-5259 or
           313-323-7045          313-323-8221              313-845-8540

IMMEDIATE RELEASE

FORD TO COMPLETE $10 BILLION DISTRIBUTION
TO SHAREHOLDERS THROUGH REPURCHASE PLAN

DEARBORN,  Mich.,  Sept.  14, 2000 - The Ford Motor  Company  Board of Directors
today  approved  a  repurchase  plan of up to $5  billion  of common and Class B
stock.  Today's action adds to the original plan to distribute up to $10 billion
in cash to  shareholders.  The shares would be repurchased  periodically  in the
open market with the plan expected to be concluded substantially by the close of
2001.

"Today's  action goes beyond what we announced  in April,"  said Henry  Wallace,
group vice president and chief financial officer. "At that time, we said we were
committed to  distributing  $10 billion in cash to our  shareholders.  The Value
Enhancement Plan has been completed  successfully,  and shareholders  elected to
receive a total of $5.7 billion.  Now, based on our confidence and our financial
strength,  we  have  increased  the  total  planned  cash  distribution  by
$700 million," Wallace said.

                                      * * *

Wallace also noted that the annual dividend rate prior to the Value  Enhancement
Plan was $2 per common  and Class B share.  Ford has  calculated  that an annual
dividend  of $1.14 would  preserve  the total cash  payout to  shareholders  who
elected  the  all-stock  option  under the Value  Enhancement  Plan.  Under that
option,  shareholders received 1.748 shares for each share of common and Class B
stock they  owned.  Ford  common and Class B shares now  outstanding  total
$1.89 billion.  Actual  fourth-quarter  dividends  will be  declared  by the
board of directors in October for payment in December.


The stock  repurchase  plan is in addition to the on going  anti-dilutive  share
repurchase  program.  That  program  began in 1998 and is designed  primarily to
offset the exercise effect of stock options.

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9-14-00