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 [NO FEE REQUIRED]
--------
For the fiscal year ended December 30, 1999
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 MOTOR COMPANY TAX-EFFICIENT
SAVINGS PLAN FOR HOURLY EMPLOYEES
(Full title of the plan)
FORD MOTOR COMPANY
One American Road
Dearborn, Michigan 48126
(Name of issuer of the securities held
pursuant to the plan and the address of
its principal executive office)
<PAGE>
-2-
Required Information
--------------------
Financial Statements and Schedules
----------------------------------
Statement of Net Assets Available for Plan Benefits, as of December 30,
1999 and December 31, 1998.
Statement of Changes in Net Assets Available for Plan Benefits for the
Period January 1, 1999 through December 30, 1999.
Schedule I - Schedule of Assets Held for Investment Purposes as of December
30, 1999.
Schedule II - Reportable Transactions for the Period January 1, 1999
through December 30, 1999.
Exhibit
-------
Designation Description Method of Filing
----------- ----------- ----------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP Filed with this Report.
Signature
---------
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees
Committee has duly caused this Annual Report to be signed by the undersigned
thereunto duly authorized.
TAX-EFFICIENT SAVINGS PLAN FOR
HOURLY EMPLOYEES
By: /s/Sheryl Herrick
----------------------------------
Sheryl Herrick, Chairperson
Tax-Efficient Savings Plan
for Hourly Employees Committee
June 26, 2000
<PAGE>
-3-
EXHIBIT INDEX
-------------
Sequential
Page Number
Designation Description at Which Found
----------- ----------- --------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP
<PAGE>
Ford Motor Company
Tax-Efficient Savings Plan
for Hourly Employees
Report on Audits of Financial Statements
and Supplemental Schedules
For the Period January 1, 1999 Through
December 30, 1999 and the Year Ended
December 31, 1998
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Contents
-------------------------------------------------------------------------------
Pages
Report of Independent Accountants..............................................1
Financial Statements
Statement of Net Assets Available for Plan Benefits
as of December 30, 1999 and December 31, 1998.................................2
Statement of Changes in Net Assets Available for Plan
Benefits for the period January 1, 1999 through December 30, 1999..............3
Notes to Financial Statements...............................................4-10
Additional Information
Schedule I - Schedule of Assets Held for Investment Purposes
as of December 30, 1999...................................................11-12
Schedule II - Reportable Transactions for the Period January 1, 1999
Through December 30, 1999....................................................13
<PAGE>
Report of Independent Accountants
To the Board of Directors of
Ford Motor Company
In our opinion, the accompanying statements of net assets available for
plan benefits and the related statements of changes in net assets available for
benefits present fairly, in all material respects, the net assets available for
benefits of the Ford Motor Company Tax-Efficient Savings Plan for Hourly
Employees (the "Plan") at December 30, 1999 and December 31, 1998, and the
changes in net assets available for plan benefits for the period January 1, 1999
through December 30, 1999, in conformity with accounting principles generally
accepted in the United States. These financial statements are the responsibility
of the Plan's management; our responsibility is to express an opinion on these
financial statements based on our audits. We conducted our audits of these
statements in accordance with auditing standards generally accepted in the
United States, which require that we plan and perform the audit 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, assessing the
accounting principles used and significant estimates made by management, and
evaluating the overall financial statement presentation. We believe that our
audits provide a reasonable basis for the opinion expressed above.
Our audits were conducted for the purpose of forming an opinion on the
basic financial statements taken as a whole. The additional information included
in Schedules I and II is presented for the purpose of additional analysis and is
not a required part of the basic financial statements, but is additional
information required by the Employee Retirement Income Security Act of 1974
("ERISA"). These supplemental schedules are the responsibility of the Plan's
management. The supplemental schedules 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.
June 14, 2000
1
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Statement of Net Assets Available for Plan Benefits
as of December 30, 1999 and December 31, 1998
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
1999 1998
<S> <C> <C>
Assets
Investments, at fair value $ 4,600,340,303 $ 4,270,004,586
Loan funds receivable 206,653,586 176,558,128
--------------- ---------------
Total assets $ 4,806,993,889 $ 4,446,562,714
--------------- ---------------
Liabilities and Plan Equity
Employee stock ownership plan, loan payable $ 65,896,517 $ 31,883,560
Employee stock ownership plan, interest payable 167,084 196,151
--------------- ---------------
Total liabilities 66,063,601 32,079,711
--------------- ----------------
Net assets available for plan benefits $ 4,740,930,288 $ 4,414,483,003
--------------- ---------------
</TABLE>
The accompanying notes are an integral part of the financial statements.
2
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Statement of Changes in Net Assets Available for Plan Benefits
For the Period January 1, 1999 through December 30, 1999
-------------------------------------------------------------------------------
<TABLE>
<CAPTION>
Participant-
Directed Funds
<S> <C>
Additions
Addition to net assets attributed to
Investment income
Net appreciation (depreciation) in fair value of investments $ (26,355,224)
Interest and dividends 191,586,573
---------------
165,231,349
Contributions
Employee contributions 345,448,420
Other additions
Loan repayment (principal) -
Loan repayment (interest) 14,294,016
Transfers in from other plans -
---------------
14,294,016
---------------
Total additions 524,973,785
Deductions
Deductions from net assets attributed to
Withdrawal of participants' accounts (187,064,660)
Net transfers between funds -
Loan funds transferred (out) in -
Administrative expenses (150,643)
Interest expense (1,474,239)
Transfers out to other plans (9,836,958)
---------------
Total deductions (198,526,500)
Net increase 326,447,285
---------------
Net assets available for benefits
Beginning of year 4,414,483,003
---------------
End of year $ 4,740,930,288
---------------
</TABLE>
The accompanying notes are an integral part of the financial statements.
3
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan
The following description of the Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees (the "Plan") provides only general
information. The Plan was established effective January 1, 1985. The
provisions of the Plan are governed in all respects by the detailed
terms and conditions contained in the plan agreement. Participants
should refer to the plan agreement for a complete description of the
Plan's provisions.
Type and purpose of the plan
The Plan is a defined contribution plan established to encourage and
facilitate systematic savings and investment by eligible hourly
employees of Ford Motor Company (the "Company") and to provide them
with an opportunity to become stockholders of the Company. The Plan
includes provisions for voting shares of Company stock. It is subject
to certain provisions of the Employee Retirement Income Security Act
of 1974 ("ERISA") applicable to defined contribution pension plans.
Eligibility and vesting
Hourly employees are eligible to participate in the Plan three months
after their original date of hire. Certain other part-time and
temporary employees may also be eligible to participate in the Plan.
Participation in the Plan is voluntary. Employees vest 100%
immediately in the Plan.
Contributions
Under the Plan and subject to limits required to be imposed by the
Internal Revenue Code, participants may elect to contribute up to 25%
of their eligible wages. Participants may also elect reductions in
their distributions under the Company's Profit Sharing Plan to be
contributed to the Plan. Such contributions are excluded from
participants' taxable income.
Participant accounts
Each participant's account is credited with the participant's
contributions and an allocation of plan earnings. Allocations are
based on participant earnings or account balances, as defined. Plan
administrative expenses are paid by the Company and not charged to
participants' accounts. Administrative fees totaled approximately
$24,400 and $64,600 for the period January 1, 1999 through
December 30, 1999 and for the year ended December 31, 1998. Per the
plan agreement, certain fund options charge redemption fees on
transfers of funds which are paid by the participants. These
redemption fees are charged to the individual participant account fund
assets. The fees totaled approximately $124,000 and $31,000 for the
period January 1, 1999 through December 30, 1999 and for the year
ended December 31, 1998, respectively. The benefit to which a
participant is entitled is the benefit that can be provided from the
participant's account.
Distributions
Plan assets may not be withdrawn by participants until the termination
of their employment or until they reach 59-1/2, except in the case of
personal financial hardship.
4
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
Investment options and participation
Participant contributions are invested in accordance with the
participant's election in one or more of several investment options.
The types of investment options, and the number of participants in
each option at December 30, 1999, are as follows:
<TABLE>
<CAPTION>
Participants
<S> <C>
Ford Stock Fund 67,004
Interest Income Fund 35,359
Common Stock Fund 18,384
Other 104,887
</TABLE>
The Ford Stock Fund is an investment in Ford common stock with a
portion of the Fund's assets being invested in short-term investments.
The Interest Income Fund is a broadly diversified, stable value
investment fund. The Interest Income Fund invests in a diversified
portfolio of fixed income securities, including investment contracts
with insurance companies and other organizations. During 1999 and
1998, the Plan entered into five benefit-responsive investment
contracts with various companies. The contracts are included in the
financial statements at their contract values as reported to the Plan
by the companies. There is no immediate recognition of investment
gains and losses on the fixed income securities. Instead, the gain or
loss is recognized over time by adjusting the interest rate credited
to the fund under the contracts.
There were no reserves against contract value for credit risk of the
contract issuer or otherwise during 1999 or 1998. The average yield
and crediting interest rates were approximately 5.73% for 1999 and
6.4% for 1998. The crediting interest rate is based on a formula
agreed upon with the issuer, but may not be less than 0%. Such
interest rates are reviewed on an annual basis for resetting.
The Common Stock Fund is a broadly diversified, passively managed
equity fund administered by Comerica Bank. Fund assets are invested in
stocks through a series of Comerica Bank commingled pools.
Details of investments held at December 30, 1999 are set forth in
Schedule I - Schedule of Assets Held for Investment Purposes.
5
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
Transfer of assets
The Plan permits the transfer of assets among investment options, with
certain restrictions related to transfers from the Stable Value Income
Fund.
Loans
The Plan permits loans to participants with certain restrictions
related to loans from the Stable Value Income Fund. Monthly loan
interest rates are based on the prime rate published in The Wall
Street Journal.
Employee stock ownership plan
The Plan operates, in part, as a leveraged employee stock ownership
plan (ESOP) and is designed to comply with Section 4975 (e) (7) and
the regulations thereunder of the Internal Revenue Code of 1986, as
amended (Code) and is subject to the applicable provisions of the
Employee Retirement Income Security Act of 1974, as amended (ERISA).
The Plan purchased Company common shares using the proceeds of a loan
from the Company and held the shares in an ESOP trust account
established under the Plan. The borrowings are to be repaid quarterly
over the period ended December 3, 2001.
As the Plan makes each payment of principal, an appropriate percentage
of stock will be allocated to eligible employee accounts. The shares
vest fully upon allocation. The borrowings are collateralized by the
unallocated shares of stock.
2. Summary of Significant Accounting Policies
Basis of accounting
The financial statements of the Plan are prepared under the accrual
method of accounting.
Investments
The investment in the Ford Stock Fund and the investments in all other
funds except the Stable Value Income Fund are valued on the basis of
established year-end market prices. Investments in the Stable Value
Income Fund, primarily fixed rate insurance contracts, are stated at
contract value, which approximates fair value.
Contributions
Contributions to the Plan from employees are recorded in the period
that payroll deductions are made from plan participants.
Payment of benefits
Benefits are recorded when paid.
Use of estimates in the preparation of financial statements
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and
disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of additions and
deductions during the reporting period. Actual results could differ
from those estimates.
6
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
2. Summary of Significant Accounting Policies (continued)
Risks and uncertainties
The Plan's invested assets ultimately consist of stocks, bonds, fixed
income securities, and other investment securities. Investment
securities are exposed to various risks, such as interest rate, market
and credit. Due to the level of risk associated with certain
investment securities and the level of uncertainty related to changes
in the value of investment securities, it is at least reasonably
possible that changes in risks in the near term would materially
affect participants' account balances and the amounts reported in the
statement of net assets available for plan benefits and the statement
of changes in net assets available for plan benefits.
Other
Purchases and sales of investments are reflected on a trade-date
basis. Realized gains and losses on sales of investments are
determined using specific identification.
Dividend income is recorded on the ex-dividend date. Income from other
investments is recorded as earned on an accrual basis.
3. Investments
The following present investments that represent 5% or more of the
Plan's net assets.
<TABLE>
<CAPTION>
December 30, December 31,
1999 1998
<S> <C> <C>
Interest Income Fund $ 688,033,731 $ 721,359,594
Ford Stock Fund 2,520,898,764 2,499,694,864
Common Stock Fund 379,230,885 307,444,900
</TABLE>
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 Plan's realized gains
or losses and the unrealized appreciation (depreciation) on those
investments. During 1999, the Plan's investments depreciated in value
by $26,355,224 as follows:
<TABLE>
<CAPTION>
<S> <C>
Mutual funds $ 104,175,617
Common stock (213,769,539)
Common and commingled trust fund 83,238,698
-------------
$(26,355,224)
-------------
</TABLE>
4. Plan Amendment
During 1999, the year-end was amended from December 31 to December 30.
The Plan was also amended to allow participants to contribute to the
Plan on an after-tax basis, effective January 1, 2000.
7
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
5. Employee Stock Ownership Plan
Effective January 1, 1989, the Company, by action of the Board of
Directors, established within the Plan an Employee Stock Ownership
Plan ("ESOP"). All shares of Company stock in the Plan at any time
including all shares allocated to participants' accounts and shares
held in an ESOP suspense account are included in the ESOP, along with
other assets attributable to post-1988 contributions to the Plan.
The Plan obtained loans from the Company to purchase shares of company
stock for quarterly allocation. The following summarizes the loans
taken out by the Plan:
<TABLE>
<CAPTION>
Original Total Number of Date of
principle Interest quarterly quarterly first
Date of Loan balance rate payments payments payment
<S> <C> <C> <C> <C> <C>
12/17/99 $ 65,896,517 6.52% $ 8,838,000 8 03/01/00
11/25/98 3,440,957 5.00% 706,192 5 12/01/98
08/27/98 14,048,255 5.72% 2,427,802 6 09/01/98
12/30/97 38,190,886 8.50% 5,212,722 8 08/02/98
</TABLE>
All of the loans matured on December 1, 1999 except the loan dated
December 17, 1999, which matures December 3, 2001.
The Company shares are held in a suspense account within the Plan
until quarterly loan payments are made. A percentage of shares
equivalent to the percentage of principal and interest paid down by
the quarterly payment are released for distribution when each
quarterly dividend payment is made. The trustee purchases additional
shares to the extent that shares released from the suspense account
are not adequate to satisfy the requirement for dividend shares
allocated to participants' accounts. As of December 30, 1999 and
December 31, 1998, the share activity is as follows:
<TABLE>
<CAPTION>
1999 1998
Allocated Unallocated Allocated Unallocated
<S> <C> <C> <C> <C>
Ford Motor Company common shares
Number of shares 695,708 362,500 439,967 682,755
Cost $32,163,944 $18,770,859 $ 19,998,557 $ 31,468,010
</TABLE>
Cash dividends earned on Company stock held in the Plan generally are
used to make quarterly loan payments. If cash is not available to make
the full payment, the trustee may sell shares held in the suspense
account or the Company, at its option, may elect to make additional
contributions to the Plan. If cash exceeds the loan payment amounts,
the cash is used to reduce the Company's contribution for additional
share requirements.
8
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
5. Employee Stock Ownership Plan (continued)
The following highlights certain ESOP activity:
<TABLE>
<CAPTION>
1999
loan activity
<S> <C>
Units purchased with loan cash 1,058,208
Cost of units purchased with loan cash $ 50,934,803
Loan principal paid 31,883,560
Loan interest paid and accrued 1,670,389
</TABLE>
6. Tax Status
The Internal Revenue Service has determined and informed the Company
by letter dated January 26, 1995, that the Plan and the related trust
are designed in accordance with applicable sections of the Internal
Revenue Code (the "Code"). The Plan has since been amended, however,
the Plan sponsor believes that the Plan is currently designed and
being operated in compliance with the Code. Therefore, no provision
for income taxes has been included in the Plan's financial statements.
7. 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 the continuance of investment, distribution or
withdrawal of the securities, cash and cash value of the Ford Stock
Fund units in the account of the participant as of the effective date
of such termination. There are currently no plans to terminate the
Plan.
8. Other
Differences between the data shown on Pages 2 and 3 of this report and
the 1999 Form 5500 filed with the Department of Labor are principally
attributable to adjustments made by the plan administrator to conform
the financial statements to the accrual basis of accounting.
As of December 31, 1999, the Associates Stock Fund was closed.
9
<PAGE>
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
9. Subsequent Events
During April 2000, the Board of Directors of the Company approved the
Value Enhancement Plan. This plan allows Ford shareholders to exchange
their current Ford common and Class B shares for new Ford common and
Class B shares. In addition, shareholders will have the right to
receive either $20 cash per share or the equivalent value in new Ford
common shares or a combination of cash and new Ford shares. The total
cash distribution will be limited to $10 billion. This action is
subject to review by the Securities and Exchange Commission and
shareholder approval. This plan is expected to be completed during the
summer of 2000.
In addition, during April 2000, the Board of Directors of the Company
also approved an independence plan for Visteon Corporation whereby the
Company will distribute its 100% interest in Visteon to Ford common
and Class B shareholders. Shareholders will receive a distribution of
Visteon stock on June 28, 2000 based on the number of Ford shares they
own and the total number of Ford shares outstanding on June 28, 2000.
The Board of Directors also declared a dividend in cash on shares of
the Company's stock held in certain employee savings plans. This cash
distribution will be equal, on a per share basis, to the value of
Visteon stock to be distributed to other shareholders.
10
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company Tax-Efficient Additional Information
Savings Plan for Hourly Employees Schedule I
Form 5500, Schedule H, Line 4i -
Schedule of Assets Held for Investment Purposes
As of December 30, 1999
----------------------------------------------------------------------------------------------------------
(a) (b) (c) (d) (e)
Identity of issuer, Description of investment
lessor, borrower or including maturity date,
Similar party rate of interest, collateral,
Par or maturity value Cost** Current value
<S> <C> <C> <C> <C>
* Fidelity Investments Interest Income Fund, 688,033,731 units $ $ 688,033,731
* Fidelity Investments T. Rowe Price Spectrum Growth Fund,
167,557 units 2,945,655
* Fidelity Investments Scudder International Fund, 69,366 units 4,907,663
* Fidelity Investments Vanguard LifeStrategy Conservative
Growth Fund, 79,212 units 1,196,900
* Fidelity Investments T. Rowe Price Spectrum Income Fund,
171,233 units 1,835,615
* Fidelity Investments Scudder International Bond Fund, 53,945 units 529,201
* Fidelity Investments Vanguard LifeStrategy Moderate
Growth Fund, 122,668 units 2,227,655
* Fidelity Investments T. Rowe Price New Horizons Funds, 600,526 units 16,292,269
* Fidelity Investments Scudder Global Fund, 43,417 units 1,353,297
* Fidelity Investments Vanguard LifeStrategy Growth Fund,
203,984 units 4,359,128
* Fidelity Investments T. Rowe Price International Stock Fund,
425,478 units 8,071,317
* Fidelity Investments Scudder Global Discovery Fund, 52,197 units 1,842,016
* Fidelity Investments Vanguard 500 Index Fund, 722,820 units 97,501,223
* Fidelity Investments T. Rowe Price International Discovery
Fund, 220,635 units 8,103,908
* Fidelity Investments Scudder Income Fund, 110,009 units 1,349,813
* Fidelity Investments Vanguard Value Index Fund, 264,053 units 6,012,486
* Fidelity Investments T. Rowe Price New Asia Fund, 1,005,958 units 10,069,640
* Fidelity Investments Scudder Growth and Income Fund, 359,259 units 9,527,536
* Fidelity Investments Vanguard Growth Index Fund, 1,324,900 units 52,161,294
* Fidelity Investments T. Rowe Price High Yield Fund, 462,193 units 3,669,815
* Fidelity Investments Scudder Greater Europe Growth Fund,
466,997 units 16,611,087
* Fidelity Investments Vanguard Explorer Fund, 36,834 units 2,491,421
* Fidelity Investments T. Rowe Price New Era Fund, 80,691 units 1,735,661
* Fidelity Investments Scudder Japan Fund, 869,234 units 14,220,670
* Fidelity Investments Vanguard International Value Find, 43,546 units 1,268,509
* Fidelity Investments T. Rowe Price Latin American Fund, 417,940 units 4,517,927
* Barclays Global Investors Bond Fund, 1,181,936 units 17,941,793
* Ford Motor Company Ford Stock Fund, 149,342,344 units 2,520,898,764
* Comerica Bank, N.A. Common Stock Fund, 4,975,477 units 379,230,885
* Ford Motor Company Associates Stock Fund, 167,865 units 2,045,055
* Fidelity Investments Fidelity Funds, 595,836 units 25,275,349
* Fidelity Investments Fidelity Puritan Fund, 467,102 units 8,865,594
* Fidelity Investments Fidelity Trend Fund, 23,594 units 1,679,862
* Fidelity Investments Fidelity Magellan Fund, 931,400 units 126,735,538
* Fidelity Investments Fidelity Contrafund, 2,140,581 units 127,664,264
* Fidelity Investments Fidelity Equity-Income Fund, 373,281 units 19,836,137
* Fidelity Investments Fidelity Growth Company Fund, 699,911 units 58,841,524
* Fidelity Investments Fidelity Investment Grade Bond Fund,
412,150 units 2,847,958
* Fidelity Investments Fidelity Growth and Income Portfolio,
2,024,123 units 95,255,208
* Fidelity Investments Fidelity Value Fund, 241,542 units 10,417,714
* Fidelity Investments Fidelity Government Income Fund, 350,140 units 3,284,310
* Fidelity Investments Fidelity Retirement Growth Fund, 652,552 units 16,744,481
</TABLE>
11
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company Tax-Efficient Additional Information
Savings Plan for Hourly Employees Schedule I
Form 5500, Schedule H, Line 4i -
Schedule of Assets Held for Investment Purposes
As of December 30, 1999
----------------------------------------------------------------------------------------------------------
(a) (b) (c) (d) (e)
Identity of issuer, Description of investment
lessor, borrower or including maturity date,
Similar party rate of interest, collateral,
Par or maturity value Cost** Current value
<S> <C> <C> <C> <C>
* Fidelity Investments Fidelity Overseas Fund, 191,544 units $ $ 9,163,472
* Fidelity Investments Fidelity Europe Fund, 183,926 units 6,864,134
* Fidelity Investments Fidelity Pacific Basin Fund, 292,116 units 8,380,801
* Fidelity Investments Fidelity Real Estate Investment Portfolio Fund,
181,340 units 2,654,823
* Fidelity Investments Fidelity Balanced Fund, 238,403 units 3,652,341
* Fidelity Investments Fidelity International Growth and Income Fund,
101,676 units 3,047,215
* Fidelity Investments Fidelity Capital Appreciation Fund, 244,919 units 7,252,038
* Fidelity Investments Fidelity Canada Fund, 20,676 units 403,595
* Fidelity Investments Fidelity Utilities Fund, 468,158 units 11,952,077
* Fidelity Investments Fidelity Asset Manager, 385,601 units 7,071,917
* Fidelity Investments Fidelity Worldwide Fund, 216,583 units 4,292,669
* Fidelity Investments Fidelity Stock Selector, 400,793 units 12,729,194
* Fidelity Investments Fidelity Asset Manager Growth, 491,593 units 9,615,561
* Fidelity Investments Fidelity Asset Manger Income, 191,570 units 2,331,411
* Fidelity Investments Fidelity Dividend Growth Fund, 1,904,959 units 54,977,121
* Fidelity Investments Fidelity New Markets Income Fund, 217,588 units 2,397,823
* Fidelity Investments Fidelity Global Balanced Fund, 18,747 units 378,128
* Fidelity Investments Fidelity Small Capital Selector Fund, 408,952 units 6,473,713
* Fidelity Investments Fidelity International Bond Fund, 27,575 units 238,797
* Participant Loans Participant loans, interest rates varying from 206,653,586
6 to 11 percent --------------
$4,740,930,288
--------------
</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 1999. Current values also
include interest and dividends receivable.
*Denotes party-in-interest
**Not required per Department of Labor Reporting
12
<PAGE>
<TABLE>
<CAPTION>
Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees Additional Information
Form 5500 - Schedule H, Line 4j - Schedule of Reportable Transactions* Schedule II
For the period January 1, 1999 through December 30, 1999
-------------------------------------------------------------------------------
<S> <C>
*This schedule is only required for nonparticipant-directed transactions.
All investments in the Plan are participant-directed.
</TABLE>
13
