Ford Credit Canada Limited Announces Retail Securitization Transaction



    DEARBORN, Mich., June 29 /CNW/ -- Ford Credit Canada Limited announced
today that it completed a securitization of a pool of retail conditional sale
contracts, receiving immediately available proceeds of approximately $0.6
billion (Canadian).  This is Ford Credit Canada Limited's first public retail
securitization.

    Under the securitization transaction, a master trust sponsored by Ford
Credit Canada Limited purchased a pool of retail conditional sale contracts
from Ford Credit Canada Limited.  The trust financed the purchase by issuing a
series of asset-backed notes to third-party investors.  This transaction is
not associated with the government's Canadian Secured Credit Facility.

    The trust will be consolidated with Ford Credit Canada Limited for
accounting purposes.  As a result of such consolidation, both the pool of
retail contracts and the indebtedness incurred by the trust with respect to
the series of asset-backed notes will be reflected on the consolidated
financial statements of Ford Credit Canada Limited.

    Ford Credit Canada Limited will use the immediately available proceeds to
repay indebtedness owing to Ford Credit International, Inc.  Ford Credit
Canada Limited is an indirect, wholly owned subsidiary of Ford Motor Credit
Company.
    


    
    Ford Motor Credit Company LLC is one of the world's largest automotive
finance companies and has supported the sale of Ford products since 1959. 
Ford Motor Credit is an indirect, wholly owned subsidiary of Ford Motor
Company.  It provides automotive financing for Ford, Lincoln, Mercury and
Volvo dealers and customers.  More information can be found at
http://www.fordcredit.com and at Ford Motor Credit's investor center,
http://www.fordcredit.com/investorcenter/.
    


    




For further information:

For further information: Media: Margaret Mellott, +1-313-322-5393,
mmellott@ford.com; or Fixed Income Investment Community: David Dickenson,
+1-313-621-0881, ddickens@ford.com, both of Ford Motor Credit Company Web
Site: http://www.fordcredit.com

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FORD MOTOR CREDIT COMPANY

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