FORD MOTOR CO — Director's Dealing 2003

Oct 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORD MOTOR CO (F)
CIK: 0000037996
Period of Report: 2003-09-30

Reporting Person: FORD WILLIAM CLAY (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-30	Ford Stock Units	$	A	812.00	Acquired		Common Stock, $0.01 par value (812.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	8064565.00	Direct
Common Stock, $0.01 par value	167248.00	Indirect
Common Stock, $0.01 par value	1382162.00	Indirect
Class B Stock, $0.01 par value	192254.00	Indirect
Class B Stock, $0.01 par value	8752411.00	Indirect

Footnotes

F1: I disclaim beneficial ownership of these shares owned by my wife.

F2: I am one of five trustees of the voting trust. In said voting trust are 1,382,162 shares of Common Stock and 8,752,411 shares of Class B Stock which are held for my sole benefit. I disclaim beneficial ownership of any other shares of Common Stock or Class B Stock held in said voting trust.

F3: These Ford Stock Units were credited to my account by the Company at the crediting price of $10.78 per Stock Unit under the Company's Deferred Compensation Plan for Non-Employee Directors. In general, these Ford Stock Units will be converted and distributed to me, without payment, in cash, on January 10th of the year following termination of Board service, based upon the then current market value of a share of Common Stock.