<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
X SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1994
OR
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from _______________to______________
Commission file number 1-3950
FORD CREDIT SAVINGS PLAN
(Full title of the plan)
FORD MOTOR COMPANY
The American Road
Dearborn, Michigan 48121
(Name of issuer of the securities held
pursuant to the plan and the address of
its principal executive office)
1
<PAGE> 2
REQUIRED INFORMATION
Financial Statements
Statement of Net Assets Available for Plan Benefits as of December 31, 1994 and
1993.
Statement of Changes in Net Assets Available for Plan Benefits for the
year ended December 31, 1994.
Schedule I - Item 27a - Schedule of Assets Held for Investment Purposes as of
December 31, 1994.
Schedule II - Item 27d - Schedule of Reportable Transactions for the Year Ended
December 31, 1994.
EXHIBIT
<TABLE>
<CAPTION>
DESIGNATION DESCRIPTION METHOD OF FILING
- ----------- ----------- ----------------
<S> <C> <C>
Exhibit A Consent of Coopers Filed with this
& Lybrand, L.L.P. Report.
</TABLE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Ford
Credit Savings Plan has duly caused this Annual Report to be signed by the
undersigned thereunto duly authorized.
FORD CREDIT SAVINGS PLAN
By: /s/ S. K. Gabe
S. K. Gabe, Plan Administrator
June 29, 1995
-2-
<PAGE> 3
EXHIBIT A
Consent of Independent Accountants
Ford Motor Company
Ford Motor Credit Company
Dearborn, Michigan
Re: Ford Credit Savings Plan Registration Statement
We consent to the incorporation by reference in the registration statements of
Ford Motor Company on Form S-8 (File No. 33-54304) of our report dated June 26,
1995 on our audits of the financial statements and financial statement
schedules of the Ford Credit Savings Plan as of December 31, 1994 and for the
period from January 1, 1994 to December 31, 1994 to the Board of Directors of
Ford Motor Company and Ford Motor Credit Company which is included in this
Annual Report on Form 11-K.
/s/ Coopers & Lybrand L.L.P.
400 Renaissance Center
Detroit, Michigan 48243
June 28, 1995
<PAGE> 4
FORD CREDIT SAVINGS PLAN
INDEX OF FINANCIAL STATEMENTS
AND SUPPLEMENTAL SCHEDULES
PAGES
-----
Report of Independent Accountants 2
Financial Statements:
Statement of Net Assets Available for Plan
Benefits as of December 31, 1994 and 1993. 3
Statement of Changes in Net Assets Available
for Plan Benefits for the year ended December 31, 1994. 5
Notes to Financial Statements 6
Supplemental Schedules:
Schedule I - Item 27a - Schedule of Assets
Held for Investment Purposes as of
December 31, 1994 11
Schedule II - Item 27d - Schedule of Reportable
Transactions for the Year Ended December 31, 1994 12
1
<PAGE> 5
REPORT OF INDEPENDENT ACCOUNTANTS
To the Boards of Directors of
Ford Motor Company and
Ford Motor Credit Company:
We have audited the accompanying Statements of Net Assets Available for Plan
Benefits of the Ford Credit Savings Plan as of December 31, 1994 and 1993, and
the related Statement of Changes in Net Assets Available for Plan Benefits for
the year ended December 31, 1994. These financial statements are the
responsibility of the Plan's sponsor. Our responsibility is to express an
opinion on these financial statements based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audits to
obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant
estimates made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a reasonable basis
for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits of the Ford
Credit Savings Plan as of December 31, 1994 and 1993, and the changes in net
assets available for plan benefits for the year ended December 31, 1994 in
conformity with generally accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of the Ford
Credit Savings Plan are presented for the purpose of additional analysis and
are not a required part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974, as amended. The Fund information in the Statement of Net Assets
Available for Plan Benefits and the Statement of Changes in Net Assets
Available for Plan Benefits is presented for purposes of additional analysis
rather than to present the net assets and changes in net assets for each fund.
The supplemental schedules and Fund information have been subjected to the
auditing procedures applied in the audits of the basic financial statements
and, in our opinion, are fairly stated, in all material respects, in relation
to the basic financial statements taken as a whole.
/s/ Coopers & Lybrand L.L.P.
Detroit, Michigan
June 26, 1995
2
<PAGE> 6
FORD CREDIT SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
as of December 31, 1994
<TABLE>
<CAPTION>
INTER-
FORD GROWTH MEDIATE
STOCK INCOME MAGELLAN COMPANY BOND
FUND FUNDS FUND FUND FUND
--------------- --------------- --------------- -------------- --------------
<S> <C> <C> <C> <C> <C>
Assets:
Loan funds receivable
Investments (at fair
value):
Money market
Corporate stock $ 138,044,343
Registered Investment
Co. $ 19,171,429 $ 11,295,485 $ 6,476,169
Deposits with bank and
insurance
companies under
group contracts $ 22,657,169
------------- ------------ ------------ ------------ -----------
Total assets $ 138,044,343 $ 22,657,169 $ 19,171,429 $ 11,295,485 $ 6,476,169
============= ============ ============ ============ ===========
Plan equity/net assets
available for plan
benefits $ 138,044,343 $ 22,657,169 $ 19,171,429 $ 11,295,485 $ 6,476,169
============= ============ ============ ============ ===========
<CAPTION>
RETIREMENT U. S.
MONEY EQUITY LOAN OVERSEAS
MARKET INDEX POOL FUND FUND TOTAL
-------------- -------------- -------------- -------------- ---------------
<S> <C> <C> <C> <C> <C>
Assets: $ 6,578,103 $ 6,578,103
Loan funds receivable
Investments (at fair
value):
Money market $ 11,403,713 11,403,713
Corporate stock 138,044,343
Registered Investment
Co. $ 14,161,113 $ 2,393,731 53,497,927
Deposits with bank and
insurance
companies under
group contracts 22,657,169
------------- ------------- ------------ ------------ --------------
Total assets $ 11,403,713 $ 14,161,113 $ 6,578,103 $ 2,393,731 $ 232,181,255
============= ============= ============ ============ ==============
Plan equity/net assets
available for plan
benefits $ 11,403,713 $ 14,161,113 $ 6,578,103 $ 2,393,731 $ 232,181,255
============= ============= ============ ============ ==============
</TABLE>
The accompanying notes are an integral part of the financial statements.
3
<PAGE> 7
FORD CREDIT SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS
as of December 31, 1993
<TABLE>
<CAPTION>
FORD GROWTH INTERMEDIATE RETIREMENT U. S.
STOCK INCOME MAGELLAN COMPANY BOND MONEY EQUITY LOAN
FUND FUNDS FUND FUND FUND MARKET INDEX POOL FUND TOTAL
------------ ----------- ----------- ----------- ---------- ---------- ---------- ---------- ------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Assets:
Loan funds
receivable $5,218,687 $ 5,218,687
Investments
(at fair
value):
Money market $9,928,578 9,928,578
Corporate
stock $132,868,820 132,868,820
Registered
Investment Co. $17,954,384 $10,819,029 $7,203,638 $14,579,319 50,556,370
Deposits with
bank and
insurance
companies
under group
contracts $26,152,559 26,152,559
------------ ----------- ----------- ----------- ---------- ---------- ---------- ---------- ------------
Total assets $132,868,820 $26,152,559 $17,954,384 $10,819,029 $7,203,638 $9,928,578 $14,579,319 $5,218,687 $224,725,014
============ =========== =========== =========== ========== ========== =========== ========== ============
Plan equity/net
assets
available
for plan
benefits $132,868,820 $26,152,559 $17,954,384 $10,819,029 $7,203,638 $9,928,578 $14,579,319 $5,218,687 $224,725,014
============ =========== =========== =========== ========== ========== =========== ========== ============
</TABLE>
The accompanying notes are an integral part of the financial statements.
4
<PAGE> 8
FORD CREDIT SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS
for the year ended December 31, 1994
<TABLE>
FORD GROWTH INTERMEDIATE RETIREMENT U. S.
STOCK INCOME MAGELLAN COMPANY BOND MONEY EQUITY
FUND FUNDS FUND FUND FUND MARKET INDEX POOL
---- ------ -------- ------- ------------ ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C>
Interest and dividend
income $ 1,228,597 $ 1,570,690 $ 710,174 $ 447,139 $ 474,705 $ 419,666
Net appreciation (deprec-
iation) in fair value
of investments (15,397,688) (1,020,811) (685,764) (618,470) $ 175,897
Loan repayment 915,679 42,407 410,936 233,851 124,544 132,740 228,258
(principal)
Loan repayment (interest) 162,023 5,851 68,758 34,895 21,220 25,170 32,867
Loan funds transferred
(out) in (1,653,078) (525,217) (256,225) (228,767) (483,168) (326,593)
Contributions:
Employees 8,328,638 759,980 3,556,221 2,226,746 1,089,147 524,521 1,036,273
Company matching 8,467,719
Withdrawal of participants'
accounts (3,936,919) (479,038) (486,574) (219,013) (226,113) (878,852) (241,646)
Net transfers between
funds 7,060,552 (5,395,280) (1,496,442) (1,305,173) (1,363,735) 1,735,058 (1,323,262)
------------ ----------- ----------- ----------- ---------- ----------- -----------
Net increase
(decrease) in
plan equity for
the period 5,175,523 (3,495,390) 1,217,045 476,456 (727,469) 1,475,135 (418,206)
Plan equity, beginning
of year 132,868,820 26,152,559 17,954,384 10,819,029 7,203,638 9,928,578 14,579,319
------------ ----------- ----------- ----------- ---------- ----------- -----------
Plan equity, end of
year $138,044,343 $22,657,169 $19,171,429 $11,295,485 $6,476,169 $11,403,713 $14,161,113
============ =========== =========== =========== ========== =========== ===========
<CAPTION>
LOAN OVERSEAS
FUND FUND TOTAL
---- -------- -----
<S> <C> <C> <C>
Interest and dividend
income 40,693 $ 4,891,664
Net appreciation (deprec-
iation) in fair value
of investments (102,647) (17,649,483)
Loan repayment $(2,122,376) 33,961 -
(principal)
Loan repayment (interest) 5,727 356,511
Loan funds transferred
(out) in 3,517,100 (44,052) -
Contributions:
Employees 155 393,233 17,914,914
Company matching 8,467,719
Withdrawal of participants'
accounts (35,463) (21,466) (6,525,084)
Net transfers between
funds 2,088,282 -
----------- ----------- ------------
Net increase
(decrease) in
plan equity for
the period 1,359,416 2,393,731 7,456,241
Plan equity, beginning
of year 5,218,687 223,725,014
----------- ----------- ------------
Plan equity, end of
year $ 6,578,103 $ 2,393,731 $232,181,255
=========== =========== ============
</TABLE>
The accompanying notes are an integral part of the financial statements
5
<PAGE> 9
FORD CREDIT SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES:
a. INVESTMENTS: The investment in the Ford Stock Fund, representing
shares of Ford Motor Company Common Stock ("Company Stock") and other
interests, and the investments in all other funds except the Income
fund are valued on the basis of established year-end market prices.
Investments in the Income Fund are at cost which approximates market.
b. CONTRIBUTIONS: Contributions to the Ford Credit Savings Plan (the
"Plan") from employees and from Ford Motor Credit Company (the
"Company" or "Ford Credit") are recorded in the period that payroll
deductions are made from plan participants.
c. OTHER: Purchases and sales of securities are reflected on a trade-date
basis. Gains and losses on sales of securities are based on identified
cost.
Dividend income is recorded on the ex-dividend date; income from other
investments is recorded as earned.
The Plan presents in the Statement of Changes in Net Assets Available
for Plan Benefits the net appreciation (depreciation) in the fair
value of its investments which consists of the realized gains or losses
and the unrealized appreciation (depreciation) on those investments.
The costs of administering the Plan are being absorbed by Ford Credit.
2. DESCRIPTION OF THE PLAN:
The Plan became effective July 1, 1993. At that date, assets relating to
employees of Ford Credit, who previously participated in the Ford Motor
Company Savings and Stock Investment Plan for Salaried Employees ("SSIP"),
were transferred into the Plan.
Following is a brief description of the Plan. The provisions of the Plan
are governed in all respects by the detailed terms and conditions contained
in the Plan itself.
a. TYPE AND PURPOSE OF THE PLAN: The Plan is a defined contribution plan
established to encourage and facilitate systematic savings and
investment by eligible salaried employees and to provide them with an
opportunity to become stockholders of Ford Motor Company. The Plan
includes provisions for voting shares of Company Stock.
6
<PAGE> 10
NOTES TO FINANCIAL STATEMENTS, CONTINUED
2. DESCRIPTION OF THE PLAN, CONTINUED:
b. ELIGIBILITY: With certain exceptions, regular full-time salaried
employees having at least 12 months of continuous service are eligible
to participate in the Plan. Certain other part-time and temporary
employees may also be eligible to participate in the Plan.
Participation in the Plan is voluntary.
c. CONTRIBUTIONS: The Plan has both before-tax and after-tax savings
components. Under the Plan and subject to limits required to be
imposed by the Internal Revenue Code, participants may elect a
reduction in base salary up to 15 percent with a corresponding
contribution, defined below, made to the Plan by the Company on their
behalf. Subject to limitations imposed by the Internal Revenue Code,
participants may also contribute up to 10 percent of their base
salaries to the regular savings feature of the Plan on an after-tax
basis. The investment programs are the same for all savings
contributions.
All of the Company matching contributions are invested in shares of
Ford Motor Company Stock.
For the period from July 1, 1993 to December 31, 1993, the Company
matched 100 percent of each dollar contributed up to 3 percent of
contributing participants' base salaries. Effective January 1, 1994,
the Company increased its matching percentage to 100 percent of each
dollar contributed up to 4 percent of the participants' base salary.
For both periods, in addition to the 100 percent match, the Company
matched 50 percent of the next 4 percent of the contributing
participants base salaries.
d. TRANSFER OF ASSETS: The Plan permits the transfer of assets among
investment elections, with certain restrictions related to transfers
from the Income Funds, as mentioned below.
e. INVESTMENT PROGRAMS AND PARTICIPATION: Participant contributions are
invested in accordance with the participant's election in one or more
of several investment programs. The types of investment programs, and
the approximate number of participants in each program in December 1994
and 1993 were as follows:
<TABLE>
<CAPTION>
1994 1993
---- ----
<S> <C> <C>
Ford Stock Fund 6,200 6,200
Fidelity Retirement Money Market Portfolio 1,200 1,200
Income Fund 4,200 4,000
Fidelity Intermediate Bond Fund 1,700 1,800
Fidelity U. S. Equity Index Commingled Pool 1,900 2,100
Fidelity Magellan Fund 3,600 3,700
Fidelity Growth Company Fund 2,700 2,800
Fidelity Overseas Fund 600 -
</TABLE>
At December 31, 1994 and 1993, approximately 6,200 participants had assets in
the Plan.
7
<PAGE> 11
NOTES TO FINANCIAL STATEMENTS, CONTINUED
2. DESCRIPTION OF THE PLAN, CONTINUED:
d. INVESTMENT PROGRAMS AND PARTICIPATION, CONTINUED: Participants may
elect to contribute to an Income Fund placed with an insurance company
or bank. The insurance company or bank agrees to repay the principal
and a stipulated rate of interest over a specified time period.
Contributions to the Income Fund may not be transferred to other funds
until the contract expires. Contributions to the Income Fund in 1994
were placed with Prudential Insurance Company of America ("Prudential")
at an annual effective interest rate of 4.94 percent. Contributions to
the Income Fund in 1993 were placed with Lehman Government Securities,
Inc. at an annual effective interest rate of 5.49 percent.
Contributions to the Income Fund in 1992 were placed with Prudential at
an annual effective interest rate of 7.03 percent. The Income Fund in
1991 was placed two-thirds with Prudential and one-third with
Metropolitan Life Insurance Company at an annual effective interest
rate of 8.30 percent. Effective June 30, 1994, assets in the Income
Fund for 1991 were transferred to other investment programs including
the Income Fund for 1994 based on participants' elections.
Contributions to the Income Fund during 1995 will be placed with John
Hancock Mutual Life Insurance Co., at an annual effective interest rate
of 8.07 percent. Participants may not take out a participant loan
against money in the Income Fund. Participants in the Income Fund may
not withdraw from this fund before expiration of contract unless the
participant is no longer employed by Ford Credit.
Investment details as of December 31, 1994 are set forth in the
Supplemental Schedule, Item 27a - Schedule of Assets Held for
Investment Purposes.
e. VESTING AND DISTRIBUTIONS: Before-tax assets, after-tax assets and
assets resulting from Company matching contributions (Company Stock and
related dividend earnings) are accumulated in annual "classes."
Effective July 1, 1993, Company matching contributions vest 25 percent
after 2 years of plan service and an additional 25 percent after the
completion of each of the subsequent 3 years of plan service. Upon
completion of 5 years of service, all assets attributable to Company
matching contributions held in participants' accounts and all future
contributions vest when made.
Before-tax assets may not be withdrawn by participants until the
termination of their employment or until they reach age 59-1/2, except
in the case of personal financial hardship. Participants may borrow
from their before-tax accounts within the limits imposed by the Plan.
Monthly loan interest rates are based on the prime rate quoted by The
Wall Street Journal.
8
<PAGE> 12
NOTES TO FINANCIAL STATEMENTS, CONTINUED
3. FORFEITURES:
The Plan permits the Company to use the value of Company Stock forfeited
from participants' accounts to pay certain plan administration expenses
and, to the extent not used to pay such expenses, to reduce the Company's
contributions to the Plan. To the extent that forfeited shares are not
available to pay certain administrative expenses, the Company pays such
expenses directly. For the periods January 1, 1994 through December 31,
1994 and July 1, 1993 through December 31, 1993, participant forfeitures
amounted to approximately $24,000 and $4,500, respectively. The
forfeitures have not been applied to the administrative expenses of the
plan.
4. TAX STATUS:
In connection with the adoption of the Plan in 1993, the Internal Revenue
Service ("IRS") has not issued a determination letter holding that the Plan
meets the requirements of Section 401(a) of the Internal Revenue Code and
that the trust established thereunder is entitled to exemption from federal
income tax under the provisions of Section 501(a) of the Code as of
December 31, 1994. The Company submitted the Plan to the IRS for
determination in December 1994 and expects a favorable ruling. Therefore,
Company management believes that the Plan was qualified and the related
trust was tax-exempt as of the financial statement date.
5. PLAN TERMINATION:
The Company, by action of the Board of Directors, may terminate the Plan at
any time. Termination of the Plan would not affect the rights of a
participant as to (a) the continuance of investment, distribution or
withdrawal of the securities, cash and cash value of the Common Stock Fund
units in the account of the participant as of the effective date of such
termination, or (b) continuance of vesting of such securities and cash
attributable to Company matching contributions or earnings thereon.
9
<PAGE> 13
NOTES TO FINANCIAL STATEMENTS, CONTINUED
6. ASSET VALUE PER FUND UNIT:
The number of units, and the asset value per unit, in the Plan's
investments at December 31, 1994 and 1993 are as follows:
<TABLE>
<CAPTION>
DECEMBER 31, 1994 DECEMBER 31, 1993
------------------------- --------------------------
NUMBER ASSET NUMBER ASSET
OF VALUE OF VALUE
UNITS PER UNIT UNITS PER UNIT
------ -------- ------ --------
<S> <C> <C> <C> <C>
Ford Stock Fund 12,391,772 $ 11.14 10,612,526 $ 12.52
Income Funds 26,572,169 1.00 26,152,559 1.00
Magellan Fund 286,997 66.80 253,414 70.85
Growth Company Fund 414,361 27.26 372,300 29.06
Intermediate Bond Fund 658,817 9.83 668,241 10.78
Retirement Money Market 11,403,713 1.00 9,928,578 1.00
U.S. Equity Index Pool 1,182,063 11.98 1,233,444 11.82
Overseas Fund 87,682 27.30 - -
</TABLE>
10
<PAGE> 14
<TABLE>
<CAPTION>
FORD CREDIT SAVINGS PLAN
ITEM 27A - SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
December 31, 1994
(C)
(B) DESCRIPTION OF INVESTMENT,
IDENTITY OF ISSUER, INCLUDING MATURITY DATE, (E)
BORROWER, LESSOR RATE OF INTEREST, COLLATERAL, (D) CURRENT
OR SIMILAR PARTY PAR OR MATURITY VALUE COST VALUE
---------------------------------------------- --------------------------------------------- ------------- -------------
<S> <C> <C> <C>
Income Funds:
The Prudential Insurance Company of America 6/30/97 maturity, 4.94 percent interest rate $ 4,343,675 $ 4,343,675
Lehman Government Securities, Inc. 7/1/96 maturity, 5.49 percent interest rate 7,291,807 7,291,807
The Prudential Insurance Company of America 6/30/95 maturity, 7.03 percent interest rate 11,021,687 11,021,687
Equity Funds:
Fidelity Investments Ford Stock Fund, 12,391,772 shares 143,695,610 138,044,343
0
Fidelity Investments Magellan Fund, 286,997 shares 20,616,430 19,171,429
Fidelity Investments U. S. Equity Index Pool, 1,182,063 shares 13,429,396 14,161,113
Fidelity Investments Growth Company Fund, 414,361 shares 12,280,787 11,295,485
Fidelity Investments Overseas Fund, 87,682 shares 2,496,194 2,393,731
Bond Funds:
Fidelity Investments Intermediate Bond Fund, 658,817 shares 7,048,177 6,476,169
Cash equivalents:
Fidelity Investments Retirement Money Market, 11,403,713 shares 11,403,713 11,403,713
Loans:
Plan Participant Participants Loans, interest rates varying
from
6.0 to 8.5 percent. 6,578,103
</TABLE>
Note: The current values of each fund are based principally upon the closing
prices of the underlying investments as reported in the New York
Stock Exchange Transactions listing as of the last trading day of
1994. Current values also include interest and dividends receivable.
11
<PAGE> 15
FORD CREDIT SAVINGS PLAN
ITEM 27D - SCHEDULE OF REPORTABLE TRANSACTIONS
for the year ended December 31, 1994
<TABLE>
<CAPTION>
REALIZED
IDENTITY OF PURCHASE TOTAL NUMBER OF NUMBER GAIN OR
PARTY INVOLVED DESCRIPTION OF ASSET PRICE SALES PURCHASES OF SALES LOSS
- -------------- -------------------- -------- ------ ---------- -------- --------
<S> <C> <C> <C> <C> <C> <C>
Any single transaction with plan
REPORTABLE CRITERION I: year that involves more than five
percent of the current value of
plan assets (Notes A and B).
Not applicable.
REPORTABLE CRITERION II: Any series of transactions in
other than securities within the
plan year with or in conjunction
with the same person that, when
aggregated, involves more than five
percent of current value of plan assets.
Same as Reportable Criterion III
REPORTABLE CRITERION III Any series of transactions within the
plan year with respect to securities of
the same issue that, when aggregated,
involves more than five percent of the
current value of plan assets (Note C).
Fidelity Investments:
Magellan $ 8,010,984 $ 5,773,045 251 247 $ (292,622)
Retirement Money Market 15,759,290 14,284,155 250 244 -
Ford Stock Fund 37,889,906 17,317,091 252 252 3,738,817
REPORTING CRITERION IV: Any transaction within the plan year
with respect to securities with or in
conjunction with the same person
with whom any prior or subsequent
single five percent security transaction
within the plan year took place.
None.
</TABLE>
12
