SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C.  20549

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


                                  FORM 8-K

                               CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report  (Date of earliest event reported) March 31, 2000.


            FORD CREDIT AUTO LOAN MASTER TRUST,
         SERIES 1995-1, 1996-1, 1996-2 AND 1997-1

Delaware                 0-21686                     38-2973806
- --------     --------------------------------        ----------
State or        (Commission File Number)            IRS Employer
other juris-                                         I.D. Number
diction of
incorporation


     (FORD CREDIT AUTO RECEIVABLES CORPORATION - ORIGINATOR)
     -------------------------------------------------------
      (Exact name of registrant as specified in its charter)

One American Road, Dearborn, Michigan            48121
- -------------------------------------            -----
Address of principal executive offices)        (Zip Code)


Registrant's telephone number, including area code  313-322-3000







ITEM 5.  Other Events

     The Monthly  Servicing  Report relating to the Ford Credit Auto Loan Master
Trust,  Series  1995-1,  1996-1,  1996-2 and 1997-1 for the  Collection
Period  ended March 31, 2000,  provided to The Chase  Manhattan  Bank,
formerly Chemical Bank, as trustee,  is attached hereto as Exhibit 19 and is
incorporated herein by reference.

ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS


                                    EXHIBITS

DESIGNATION       DESCRIPTION                   METHOD OF FILING
- -----------       -----------                   ----------------

Exhibit 19     Ford Credit Auto Loan            Filed with
               Master Trust, Series 1995-1,     this Report.
               1996-1,  1996-2 and 1997-1
               Servicing  Report for the
               Collection Period ended
               March 31, 2000.

                        SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized on the date indicated.

                      Ford Credit Auto Loan Master Trust,
                   Series 1995-1, 1996-1, 1996-2 and 1997-1
                                 (Registrant)


Date:  April 10, 2000         By: /s/Richard P. Conrad
                                ---------------------
                                 Richard P. Conrad
                                 Assistant Secretary of Ford
                                 Credit Auto Receivables
                                 Corporation, originator of Trust









                                  EXHIBIT INDEX

Designation                   Description
- -----------         -------------------------------------
Exhibit 19          Ford Credit Auto Loan Master Trust
                    Series 1995-1, 1996-1, 1996-2 and
                    1997-1 Servicing Report
                    for the Collection Period ended
                    March 31, 2000.