FORD MOTOR CO — Director's Dealing 2004

Mar 15, 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: LAYMON JOE W (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	26327	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$30.19	2011-03-08	Common Stock, $0.01 par value ()	40000	Direct
Employee Stock Option (Right to Buy)	$16.91	2012-03-14	Common Stock, $0.01 par value ()	75000	Direct
Employee Stock Option (Right to Buy)	$7.55	2013-03-18	Common Stock, $0.01 par value ()	50000	Direct
Employee Stock Option (Right to Buy)	$24.94	2010-03-28	Common Stock, $0.01 par value ()	36268	Direct
Employee Stock Option (Right to Buy)	$9.78	2012-12-05	Common Stock, $0.01 par value ()	40000	Direct

Footnotes

F1: 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.

F2: 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.

F3: 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% after
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 (03/15/2002), 66% aft
er 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 (03/19/2003), 66% aft
er two years, and in full after three years.

F6: This option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant (3/29/2000), 66% aft
er two years, and in full after three years.

F7: 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% afte
r two years, and in full after three years.