Ford Credit Canada Files Prospectus and Establishes MTN Programme

Ford Credit Canada Limited filed a short-form shelf prospectus dated December 6, 2002, in respect of the sale of up to $3 billion of unsecured debt securities, unconditionally guaranteed by Ford Motor Credit Company. In conjunction with the shelf prospectus, Ford Credit Canada concurrently filed a prospectus supplement dated December 6, 2002, establishing a $2.5 billion medium term note programme. Under the programme, 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., RBC Dominion Securities Inc. and TD 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 Emily Smith-Sulfaro. Ford Credit Canada was represented in Canada by Fasken Martineau DuMoulin LLP, with a team including Leslie Rose, Elizabeth Johnson, John Sabetti and Aaron Stefan. Shearman & Sterling was U.S. counsel to the Ford companies, with a team that included Lisa Jacobs, Adam Givertz and Brent Westrop. The agents were represented by Torys LLP, with a team including Philip Brown, Jonathan Boulakia and Shauna Parr.