Exhibit 99.3

                        Report of Independent Accountants

To the Board of Directors and Stockholder of
Ford Motor Credit Company:

We have reviewed the accompanying  condensed consolidated balance sheets of Ford
Motor Credit  Company and  Subsidiaries  as of March 31, 2001 and 2000,  and the
related condensed consolidated  statements of income,  earnings retained for use
in the business, and statement of cash flows for each of the three-month periods
ended March 31, 2001 and 2000. These financial statements are the responsibility
of the Company's management.

We conducted our review in accordance with standards established by the American
Institute  of  Certified  Public  Accountants.  A review  of  interim  financial
information consists principally of applying analytical  procedures to financial
data and making  inquiries of persons  responsible  for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with  generally  accepted  auditing  standards,  the  objective  of which is the
expression of an opinion  regarding the financial  statements  taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material  modifications that should
be made to the accompanying  condensed consolidated interim financial statements
for them to be in conformity with accounting  principles  generally  accepted in
the United States of America.

We previously audited in accordance with auditing  standards  generally accepted
in the United States of America,  the consolidated  balance sheet as of December
31,  2000,  and the related  consolidated  statements  of income,  stockholder's
equity, and of cash flows for the year then ended (not presented herein), and in
our report dated January 18, 2001, we expressed an unqualified  opinion on those
consolidated financial statements.  In our opinion, the information set forth in
the accompanying  condensed  consolidated balance sheet as of December 31, 2000,
is fairly  stated in all  material  respects  in  relation  to the  consolidated
balance sheet from which it has been derived.


/s/ PricewaterhouseCoopers LLP


Detroit, Michigan
April 18, 2001