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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ElnCRA2ZjXKQIcJgICRz4W9wbSEAyAOx1h0hygWc5HxDrDh8zsDtyU/qui0fPMSm
 e5QgXBpOSFe5hL08Qrfo1Q==

<SEC-DOCUMENT>0000038009-98-000070.txt : 19981113
<SEC-HEADER>0000038009-98-000070.hdr.sgml : 19981113
ACCESSION NUMBER:		0000038009-98-000070
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19981112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FORD MOTOR CREDIT CO
		CENTRAL INDEX KEY:			0000038009
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		IRS NUMBER:				381612444
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		
		SEC FILE NUMBER:	333-45015
		FILM NUMBER:		98744538

	BUSINESS ADDRESS:	
		STREET 1:		THE AMERICAN RD
		STREET 2:		PO BOX 6044
		CITY:			DEARBORN
		STATE:			MI
		ZIP:			48121
		BUSINESS PHONE:		3133223000

	MAIL ADDRESS:	
		STREET 1:		PO BOX 6044
		STREET 2:		THE AMERICAN ROAD
		CITY:			DEARBORN
		STATE:			MI
		ZIP:			48121
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>PRICING SUPPLEMENT NO. 32
<TEXT>

PROSPECTUS Dated                        Pricing Supplement No. 32
April 1, 1998                           Effective November 16, 1998


                   U.S. $1,000,000,000          Rule 424 (b)(3)
                                            Registration Statement
                FORD MOTOR CREDIT COMPANY       No. 333-45015

             VARIABLE DENOMINATION FLOATING
                   RATE DEMAND NOTES


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


                Interest Rate Per Annum
                - - - - - - - - - - - -


Period      Tier One Notes    Tier Two Notes    Tier Three Notes
Beginning   Under $15,000     $15,000-$49,999   $50,000 and over
- ---------   -------------     ---------------   ----------------
11/16/98         4.87%             5.07%             5.27%


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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