Ford Motor Credit Company to Host 2003 Credit University

DEARBORN, Mich., March 18 -- Ford Motor Credit Company will hold two sessions of Credit University -- for investors -- on Friday, March 21. The sessions are being held in New York, but will be available via teleconference (with opportunity to participate in the Q&A) or a listen-only Web cast.

Ford Credit CFO Bibiana Boerio and David Cosper, who becomes Ford Credit's CFO on April 1, will host Credit University 2003, which consists of the following:

Credit University 101 (8:00 - 8:45 a.m.): An update of basic material on the Ford Credit business model, volume and revenue drivers, credit loss estimation and funding strategies.

Credit University 201 (8:45 - 10:00 a.m.): An in-depth look into securitization, credit loss and residual value methodology, whole loan sales, subvention accounting and other new material presented in Ford Credit's 2002 10-K report filing.

To access the sessions via conference call, dial 703-871-3021 about 10 minutes prior to the start time and ask to be connected to the Ford conference call.

The Web cast and supporting presentation material for both sessions also can be accessed on the Internet at http://www.shareholder.ford.com/ and www.fordcredit.com/investorcenter. A Web cast replay at the above Internet addresses and a telephone replay at 703-925-2533, passcode 6459067, will be available through March 28, 2003.

PRNewswire -- March 18