Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ---------------------------------------------------------------------------- Principal Receivables FCARC Investor ------------------- ------------------- Beginning Principal Receivables $4,339,563,371.25 $2,510,000,000.0 Current Floating Allocation Pct. 63.35532845% 36.6446715 Total Adj. Principal Collections $2,452,964,874.24 $1,418,792,930.9 Principal Default Amounts $0.00 $0.0 As a Percentage of Collections 0.00000000% 0.0000000 Monthly Principal Amortized $0.0 Ending Principal Receivables $4,663,020,229.70 $2,510,000,000.0 New Floating Allocation Pct. 65.00776633% 34.9922336 Interest Collections FCARC Investor ------------------- ------------------- Total Interest Collections $41,137,598.81 $23,793,954.4

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ---------------------------------------------------------------------------- Principal Receivables Trust Total ------------------- Beginning Principal Receivables $6,849,563,371.2 Current Floating Allocation Percentage 100.0000000 Total Adjusted Principal Collections $3,871,757,805.1 Payment Rate 56.5 Principal Collections $3,396,185,079.0 Principal Collection Adjustments $474,343,665.0 Principal Collections for Status Dealer Accounts $1,229,061.0 Principal Default Amounts $0.0 As a Percentage of Collections 0.0000000 Aggregate New Principal Receivables $4,195,214,663.6 Ending Principal Receivables $7,173,020,229.7 New Floating Allocation Percentage 100.0000000 Interest Collections Trust Total ------------------- Total Interest Collections $64,931,553.2 Interest Collections $64,931,553.2 Interest Collections for Status Dealer Accounts $0.0 Recoveries on Receivables Written Off $0.0 Monthly Yield 11.3 Used Vehicle Principal Receivables Balance $125,079,034.4 1.7 Status Dealer Accounts Trust Total ------------------- Beginning Balance $1,625,070.1 Principal Collections $1,229,061.0 Principal Write Offs $0.0 Interest Collections $0.0 Ending Balance $396,009.0 Subordination and Participation Trust Total ------------------- Incremental Subordinated Amount $0.0 Overconcentration Amount $0.0 Installment Amount $0.0 Other Ineligible Amounts $0.0 Available Subordinated Amount $278,888,888.8 Required Subordinated Amount $278,888,888.8 Required Participation 4.00% $100,400,000.0 Required Participation and Subordinated Amount $379,288,888.8

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ---------------------------------------------------------------------------- Current Participation Amount $4,663,020,229.7 Current Participation Percentage 1229.4 Current Participation Shortfall $0.0 Available Seller Collections $2,494,102,473.0 Subordinated Draw Amount $0.0 Reserve Fund Deposit $0.0 Available Seller Collections to FCARC $2,494,102,473.0

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ---------------------------------------------------------------------------- Series Allocations 1996-1 ------------------- Certificates $800,000,000.0 Current Floating Allocation Percentage 11.6795765 Total Adjusted Principal collections $452,204,918.2 Principal Default Amounts $0.0 Total Interest Collections $7,583,730.4 Source and Use of Funds 1996-1 ------------------- Investor Interest Funding Account Balance $7,583,730.4 Investment and Net Swap Proceeds ($897,222.2 Reserve Fund Balance $2,800,000.0 Total Investor Collections and Reserve Fund $9,486,508.2 Certificates Outstanding $800,000,000.0 Certificate Rate 5.500 Days in Interest Period 3 Current Interest Due $3,666,666.6 Net Trust Swap Receipts not req. to be paid $0.0 Prior months Swap Receipts payable this month $0.0 Current Interest Paid $3,666,666.6 Current Interest Shortfall $0.0 Additional Interest Due $0.0 Additional Interest Paid $0.0 Additional Interest Shortfall $0.0 Deferred Interest Due $0.0 Deferred Interest Paid $0.0 Deferred Interest Shortfall $0.0 Servicing Fees Due FMCC 1.00% $666,666.6 Servicing Fees Paid $666,666.6 Servicing Fees Shortfall $0.0 Deferred Servicing Fees Due FMCC $0.0 Deferred Servicing Fees Paid $0.0 Deferred Servicing Fees Shortfall $0.0 Reserve Fund Required Amount $2,800,000.0 Reserve Fund Deposit (Draw) Amount $0.0 Current Investor Default Amount Due $0.0 Current Investor Default Amount Paid $0.0 Current Investor Default Amount Shortfall $0.0 Deferred Investor Default Amount Due $0.0 Deferred Investor Default Amount Paid $0.0 Deferred Investor Default Amount Shortfall $0.0 Asset Composition Premium $0.0 Excess Servicing (Deficiency) Amount $2,353,174.9 Subordination and Participation 1996-1 ------------------- Incremental Subordinated Amount $0.0 Available Subordinated Amount $88,888,888.8 Required Subordinated Amount $88,888,888.8

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ---------------------------------------------------------------------------- Required Participation 4.00% $32,000,000.0 Required Participation and Subordinated Amount $120,888,888.8 Subordinated Draw Amount $0.0 Reserve Fund Deposit $0.0 Reserve Fund Balance $2,800,000.0 Controlled Distribution Amount $0.0 Principal Funding Account Balance $0.0 Excess Funding Account Balance $0.0 Principal Payment Amont $0.0 Pool Factor 1.00000000000 Interest Funding Account Balance $3,666,666.6 Interest Payment Date? N Cum. Net Trust Swap Receipts not req. to be paid $0.0 Interest Payment Amount Due $0.0 Interest Payment Amount Paid $0.0 Interest Payment Amount Shortfall $0.0 Distributions to Holders of Certificates 1996-1 (per $1,000 denomination certificate) ------------------- Total Amount Distributed $0.0000000 Total Amount Allocable to Principal $0.0000000 Total Amount Allocable to Interest $0.0000000

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ----------------------------------------------------------------------------------- Series Allocations 1996-2 ------------------- Certificates $960,000,000.0 Current Floating Allocation Percentage 14.0154919 Total Adjusted Principal collections $542,645,901.8 Principal Default Amounts $0.0 Total Interest Collections $9,100,476.5 Source and Use of Funds 1996-2 ------------------- Investor Interest Funding Account Balance $9,100,476.5 Investment and Net Swap Proceeds $0.0 Reserve Fund Balance $3,360,000.0 Total Investor Collections and Reserve Fund $12,460,476.5 Certificates Outstanding $960,000,000.0 Certificate Rate 6.810 Days in Interest Period 3 Current Interest Due $5,629,600.0 Net Trust Swap Receipts not req. to be paid $152,933.3 Prior months Swap Receipts payable this month $0.0 Current Interest Paid $5,476,666.6 Current Interest Shortfall $0.0 Additional Interest Due $0.0 Additional Interest Paid $0.0 Additional Interest Shortfall $0.0 Deferred Interest Due $0.0 Deferred Interest Paid $0.0 Deferred Interest Shortfall $0.0 Servicing Fees Due FMCC 1.00% $800,000.0 Servicing Fees Paid $800,000.0 Servicing Fees Shortfall $0.0 Deferred Servicing Fees Due FMCC $0.0 Deferred Servicing Fees Paid $0.0 Deferred Servicing Fees Shortfall $0.0 Reserve Fund Required Amount $3,360,000.0 Reserve Fund Deposit (Draw) Amount $0.0 Current Investor Default Amount Due $0.0 Current Investor Default Amount Paid $0.0 Current Investor Default Amount Shortfall $0.0 Deferred Investor Default Amount Due $0.0 Deferred Investor Default Amount Paid $0.0 Deferred Investor Default Amount Shortfall $0.0 Asset Composition Premium $0.0 Excess Servicing (Deficiency) Amount $2,823,809.9 Subordination and Participation 1996-2 ------------------- Incremental Subordinated Amount $0.0 Available Subordinated Amount $106,666,666.6 Required Subordinated Amount $106,666,666.6

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ----------------------------------------------------------------------------------- Required Participation 4.00% $38,400,000.0 Required Participation and Subordinated Amount $145,066,666.6 Subordinated Draw Amount $0.0 Reserve Fund Deposit $0.0 Reserve Fund Balance $3,360,000.0 Controlled Distribution Amount $0.0 Principal Funding Account Balance $0.0 Excess Funding Account Balance $0.0 Principal Payment Amont $0.0 Pool Factor 1.00000000000 Interest Funding Account Balance $5,476,666.6 Interest Payment Date? Cum. Net Trust Swap Receipts not req. to be paid $152,933.3 Interest Payment Amount Due $0.0 Interest Payment Amount Paid $0.0 Interest Payment Amount Shortfall $0.0 Distributions to Holders of Certificates 1996-2 (per $1,000 denomination certificate) ------------------- Total Amount Distributed $0.0000000 Total Amount Allocable to Principal $0.0000000 Total Amount Allocable to Interest $0.0000000

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ----------------------------------------------------------------------------------- Series Allocations 1997-1 ------------------- Certificates $750,000,000.0 Current Floating Allocation Percentage 10.9496030 Total Adjusted Principal collections $423,942,110.8 Principal Default Amounts $0.0 Total Interest Collections $7,109,747.3 Source and Use of Funds 1997-1 ------------------- Investor Interest Funding Account Balance $7,109,747.3 Investment and Net Swap Proceeds $0.0 Reserve Fund Balance $2,625,000.0 Total Investor Collections and Reserve Fund $9,734,747.3 Certificates Outstanding $750,000,000.0 Certificate Rate 6.823 Days in Interest Period 3 Current Interest Due $4,407,005.2 Net Trust Swap Receipts not req. to be paid $128,359.3 Prior months Swap Receipts payable this month $0.0 Current Interest Paid $4,278,645.8 Current Interest Shortfall $0.0 Additional Interest Due $0.0 Additional Interest Paid $0.0 Additional Interest Shortfall $0.0 Deferred Interest Due $0.0 Deferred Interest Paid $0.0 Deferred Interest Shortfall $0.0 Servicing Fees Due FMCC 1.00% $625,000.0 Servicing Fees Paid $625,000.0 Servicing Fees Shortfall $0.0 Deferred Servicing Fees Due FMCC $0.0 Deferred Servicing Fees Paid $0.0 Deferred Servicing Fees Shortfall $0.0 Reserve Fund Required Amount $2,625,000.0 Reserve Fund Deposit (Draw) Amount $0.0 Current Investor Default Amount Due $0.0 Current Investor Default Amount Paid $0.0 Current Investor Default Amount Shortfall $0.0 Deferred Investor Default Amount Due $0.0 Deferred Investor Default Amount Paid $0.0 Deferred Investor Default Amount Shortfall $0.0 Asset Composition Premium $0.0 Excess Servicing (Deficiency) Amount $2,206,101.5 Subordination and Participation 1997-1 ------------------- Incremental Subordinated Amount $0.0 Available Subordinated Amount $83,333,333.3 Required Subordinated Amount $83,333,333.3

Ford Credit Auto Loan Master Trust Ford Motor Credit Company Asset Backed Certificates 09/01/00 03:06 pm Investor Reporting System v2.7 Monthly Statement 08/00 Activity ----------------------------------------------------------------------------------- Required Participation 4.00% $30,000,000.0 Required Participation and Subordinated Amount $113,333,333.3 Subordinated Draw Amount $0.0 Reserve Fund Deposit $0.0 Reserve Fund Balance $2,625,000.0 Controlled Distribution Amount $0.0 Principal Funding Account Balance $0.0 Excess Funding Account Balance $0.0 Principal Payment Amont $0.0 Pool Factor 1.00000000000 Interest Funding Account Balance $8,319,010.4 Interest Payment Date? Cum. Net Trust Swap Receipts not req. to be paid $210,677.0 Interest Payment Amount Due $0.0 Interest Payment Amount Paid $0.0 Interest Payment Amount Shortfall $0.0 Distributions to Holders of Certificates 1997-1 (per $1,000 denomination certificate) ------------------- Total Amount Distributed $0.0000000 Total Amount Allocable to Principal $0.0000000 Total Amount Allocable to Interest $0.0000000

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