Ford Credit earned $388 million in the second quarter of 2000, up $53 million, or 16 percent, from second quarter 1999, Chairman and Chief Executive Officer Donald A. Winkler announced today. Earnings for the first half of 2000 total $741 million, up 17 percent from the first half of 1999. Compared with the second quarter of 1999, the increase in earnings reflects higher volume and improved net financing margin, offset partially by higher operating costs associated with the restructuring of North American operations. After-tax return on average equity for the quarter improved to 13.4 percent from 12.3 percent a year earlier.