On the Issue Date specified, Ford Motor Credit Company ("Ford  Credit") will issue the series of its Continuously Offered Bonds for
Retail Accounts Due Nine Months or More from the Date of Issue described below.  Merrill Lynch, Pierce, Fenner & Smith Incorporated
has agreed to purchase each series of the Notes at the price indicated, for resale at the Price to Public shown below. After the
initial public offering of each series, the offering price for that series may be changed.

        Filed under Rule 424(b)(3), Registration Statement No. 333-86832
                   Pricing Supplement No. 2, dated December 1, 2003
                (To prospectus dated May 17, 2002, and prospectus
                         supplement dated November 21, 2003)

                            Ford Motor Credit Company
                 Continuously Offered Bonds for Retail Accounts
                 Due Nine Months or More from the Date of Issue

                                                                                              
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   CUSIP                                Price to        Interest Rate per    Interest        Stated Maturity    Survivor's
   Number          Price to Public1    Purchasing            Annum            Payment            Date            Option
                                         Agent1                              Frequency
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  34539C LK6          100.0%            99.6125%            3.300%           Quarterly        December 20, 2005   YES

Redemption Information:  N/A
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  34539C LL4          100.0%            99.3875%            4.300%           Quarterly        December 20, 2006   YES

Redemption Information:  N/A
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  34539C LM2          100.0%            99.0250%            5.100%           Semi-Annually    December 22, 2008   YES

Redemption Information: N/A
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  34539C LN0          100.0%            98.8250%            6.000%           Semi-Annually    December 20, 2010   YES

Redemption Information: Redeemable at the option of Ford Credit on any Interest Payment Date beginning December 20, 2005.  See the
prospectus supplement for further information.
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  34539C LP5          100.0%            98.5250%            6.500%           Semi-Annually    December 20, 2013   YES

Redemption Information: Redeemable at the option of Ford Credit on any Interest Payment Date beginning December 20, 2005.  See the
prospectus supplement for further information.
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1 Expressed as a percentage of the aggregate principal amount.
        Trade Date: December 1, 2003                                                                           Merrill Lynch & Co.
        Issue Date: December 10, 2003                                                                          Purchasing Agent
        Minimum Denominations/Increments: $1,000/$1,000                                                        Acting as Principal
        All trades in the Notes described in this pricing supplement will settle on the Issue Date
        in same-day funds without accrued interest, in book-entry form only through DTC.
        DTC Participant Number:  5132