FORD MOTOR CO — Director's Dealing 2004

Mar 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORD MOTOR CO (F)
CIK: 0000037996
Period of Report: 2004-03-12

Reporting Person: SMITH GREG C (Group Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-12	Employee Stock Option (Right to Buy)	$13.26	A	50000	Acquired	2014-03-11	Common Stock, $0.01 par value (50000)	Direct
2004-03-12	Ford Stock Equivalents	$	A	17420	Acquired		Common Stock, $0.01 par value (17420)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	60847	Direct
Common Stock, $0.01 par value	1571	Indirect
Common Stock, $0.01 par value	1226	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$12.53	2006-03-14	Common Stock, $0.01 par value ()	28899	Direct
Employee Stock Option (Right to Buy)	$12.25	2007-03-13	Common Stock, $0.01 par value ()	36505	Direct
Employee Stock Option (Right to Buy)	$22.65	2008-03-12	Common Stock, $0.01 par value ()	39114	Direct
Employee Stock Option (Right to Buy)	$31.95	2009-03-11	Common Stock, $0.01 par value ()	27199	Direct
Employee Stock Option (Right to Buy)	$22.73	2010-03-09	Common Stock, $0.01 par value ()	23572	Direct
BEP Ford Stock Fund Units	$		Common Stock, $0.01 par value ()	7113	Direct
Employee Stock Option (Right to Buy)	$30.19	2011-03-08	Common Stock, $0.01 par value ()	34000	Direct
Employee Stock Option (Right to Buy)	$16.91	2012-03-14	Common Stock, $0.01 par value ()	65000	Direct
Employee Stock Option (Right to Buy)	$7.55	2013-03-18	Common Stock, $0.01 par value ()	100000	Direct
Employee Stock Option (Right to Buy)	$9.78	2012-12-05	Common Stock, $0.01 par value ()	50000	Direct
Employee Stock Option (Right to Buy)	$9.72	2012-12-10	Common Stock, $0.01 par value ()	15000	Direct
Employee Stock Option (Right to Buy)	$24.49	2011-06-28	Common Stock, $0.01 par value ()	500	Direct

Footnotes

F1: These shares are held by me as custodian for my children. I disclaim beneficial ownership of these shares.

F2: The option is exercisable to the extent of 25% of the shares optioned after one year from the date of grant (3/15/1996), 50% afte
r two years, 75% after three years and in full after four years.

F3: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/14/1997), 66% afte
r two years, and in full after three years.

F4: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/13/1998), 66% afte
r two years, and in full after three years.

F5: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/12/1999), 66% afte
r two years, and in full after three years.

F6: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/10/2000), 66% afte
r two years, and in full after three years.

F7: These Ford Stock Fund Units were credited to my account by the Company, without payment by me, in transactions exempt under Rule 16b-3(c), under the Company's Benefit Equalization Plan, and included in my most recent plan statement. In general, these Ford Stock Fund Units will be converted and distributed to me, without payment, in cash, following termination of employment, based on the then current price of a Ford Stock Fund Unit and the then current market value of a share of Common Stock.

F8: This option was granted under the Company's 1998 Long-Term Incentive Plan without payment by me. The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (03/12/2004), 66% after two years, and in full after three years.

F9: These Ford Stock Equivalents were acquired under the Company's 1998 Long-Term Incentive Plan without payment by me. These Ford Stock Equivalents will be converted and distributed to me, without payment, in shares of Common Stock on March 12, 2006.

F10: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/9/2001), 66% afte
r two years, and in full after three years.

F11: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (03/15/2002), 66% af
ter two years, and in full after three years.

F12: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (03/19/2003), 66% af
ter two years, and in full after three years.

F13: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (12/6/2002), 66% aft
er two years, and in full after three years.

F14: The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (12/11/2002), 66% af
ter two years, and in full after three years.

F15: This option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (6/29/01) 66% after
two years, and in full after three years.