PROSPECTUS Dated                                                                                                                                            Pricing Supplement No. 3

January 17, 2006                                                                                                                                                     February 13, 2006

                                                                                   U.S. $18,000,000,000                                                               Rule 424 (b) (3)

                                                                                                                                                                               Registration Statement

                                                                     FORD MOTOR CREDIT COMPANY                                                No. 333-131062

                                                                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

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

2/13/2006             4.99%                          5.14%                            5.29%