SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 11-K
(Mark One)
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES
__X__ EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the fiscal year ended December 30, 2000
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)
-2-
Required Information
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Financial Statements and Schedules
----------------------------------
Statement of Net Assets Available for Plan Benefits, as of December 30,
2000 and December 30, 1999.
Statement of Changes in Net Assets Available for Plan Benefits for the year
ended December 30, 2000.
Schedule I - Schedule of Assets Held for Investment Purposes as of December
30, 2000.
Schedule II - Reportable Transactions for the year ended December 30, 2000.
Exhibit
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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/Molly Scott
------------------------------
Molly Scott, Member
Tax-Efficient Savings Plan for
Hourly Employees Committee
June 15, 2001
-3-
EXHIBIT INDEX
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Sequential
Page Number
Designation Description at Which Found
----------- ----------- --------------
Exhibit 23 Consent of PricewaterhouseCoopers LLP
Ford Motor Company
Tax-Efficient Savings Plan
for Hourly Employees
Report on Audits of Financial Statements and
Supplemental Schedules
For the Years Ended December 30, 2000 and 1999
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Contents
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Page(s)
Report of Independent Accountants.............................................1
Financial Statements
Statement of Net Assets Available for Plan Benefits
as of December 30, 2000 and 1999.............................................2
Statement of Changes in Net Assets Available for Plan
Benefits for the Year Ended December 30, 2000................................3
Notes to Financial Statements...............................................4-9
Additional Information
Schedule I - Schedule of Assets Held for Investment Purposes
as of December 30, 2000..................................................10-11
Schedule II - Reportable Transactions for the Year Ended
December 30, 2000...........................................................12
Report of Independent Accountants
To the Board of Directors of
Ford Motor Company
In our opinion, the accompanying statements of net assets available for 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 Ford Motor Company Tax-Efficient Savings Plan for Hourly Employees (the
"Plan") at December 30, 2000 and 1999, and the changes in net assets available
for benefits for the year ended December 30, 2000, in conformity with accounting
principles generally accepted in the United States of America. 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 of America, 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 our opinion.
Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedules of Assets Held
for Investment Purposes and Reportable Transactions 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. 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 4, 2001
1
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Statement of Net Assets Available for Plan Benefits
As of December 30, 2000 and 1999
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2000 1999
Assets
Investments, at fair value $4,137,752,628 $4,600,340,303
Loan funds receivable 219,484,117 206,653,586
-------------- --------------
Total assets $4,357,236,745 $4,806,993,889
-------------- --------------
Liabilities
Employee stock ownership plan, loan payable $ 46,589,680 $ 65,896,517
Employee stock ownership plan, interest payable 272,182 167,084
-------------- --------------
Total liabilities 46,861,862 66,063,601
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Net assets available for plan benefits $4,310,374,883 $4,740,930,288
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The accompanying notes are an integral part of the financial statements.
2
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Statement of Changes in Net Assets Available for Plan Benefits
For the Year Ended December 30, 2000
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Participant-
Directed Funds
Additions
Addition to net assets attributed to
Interest and dividends $ 413,093,083
Contributions
Employee contributions 399,010,041
Other additions
Loan repayment (principal) -
Loan repayment (interest) 15,180,785
Transfers in from other plans 3,578,145
--------------
18,758,930
--------------
Total additions 830,862,054
Deductions
Deductions from net assets attributed to
Net depreciation in fair value of investments (812,416,056)
Withdrawal of participants' accounts (197,326,365)
Net transfers between funds -
Loan funds transferred in 6,500
Administrative expenses 7,833
Interest expense (3,668,779)
Transfers out to other plans (248,020,592)
--------------
Total deductions (1,261,417,459)
--------------
Net decrease (430,555,405)
--------------
Net assets available for benefits
Beginning of year 4,740,930,288
--------------
End of year $4,310,374,883
--------------
The accompanying notes are integral part of the financial statements.
3
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
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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. 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 $78,000 and $124,000 for the years ended December 30, 2000
and 1999, 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
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, 2000, are as follows:
Participants
Ford Stock Fund 71,548
Interest Income Fund 40,949
Common Stock Fund 18,056
Other 122,694
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 2000 and 1999, 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 2000 or 1999. The average yield and
crediting interest rates were approximately 6.16% for 2000 and 5.73% for
1999. 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 as of December 30, 2000 are set forth in
Schedule I - Schedule of Assets Held for Investment Purposes.
Transfers 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 from both their Pre-Tax and
After-Tax Program accounts 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.
5
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
1. Description of the Plan (continued)
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 loans 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.
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.
6
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
2. Summary of Significant Accounting Policies (continued)
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:
2000 1999
Interest Income Fund $ 638,071,797 $ 688,033,731
Ford Stock Fund 2,162,911,043 2,520,898,764
Common Stock Fund 319,709,785 379,230,885
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 2000,
the Plan's investments depreciated in value by $812,416,056 as follows:
Mutual Funds $ 233,989,493
Common Stock 536,675,958
Common and comingled trust fund 41,750,605
--------------
$ 812,416,056
--------------
4. Plan Amendment
During 1999, the year-end was amended from December 31 to December 30. The
Plan was also amended to permit participants to contribute to the Plan on
either or both a pre-tax or after-tax basis up to 25% of eligible wages,
effective January 1, 2000. The investment programs are the same for all
savings contributions.
5. Employee Stock Ownership Plan
Effective January 1, 1989, the Company, by action of the Board of
Directors, established within the Plan an 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.
7
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
5. Employee Stock Ownership Plan (continued)
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:
Original Total Number of Date of
principle Interest quarterly quarterly first
Date of loan balance rate payments payments payment
6/7/00 $ 7,100,000 6.52% $ 7,128,246 1 06/29/00
6/28/00 28,800,000 6.54% 715,276 7 08/10/00
8/31/00 62,510,000 7.04% 11,456,096 6 09/01/00
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
All loans were either paid off or have matured prior to December 30, 2000
except the June 28, 2000 and August 31, 2000 loans which both mature
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,
2000 and 1999, the share activity is as follows:
2000 1999
Allocated Unallocated Allocated Unallocated
Ford Motor Company common shares
Number of shares 3,701,457 1,821,080 695,708 362,500
Cost $ 127,187,124 $ 43,794,151 $ 32,163,944 $ 18,770,859
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.
The following highlights certain ESOP activity:
2000
loan activity
Units purchased with loan cash 5,522,537
Cost of units purchased with loan cash $ 170,981,281
Loan principal paid 117,717,138
Loan interest paid and accrued 3,563,681
8
Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------
6. Tax Status
The Internal Revenue Service ("IRS") 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 has applied for an updated IRS letter. 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
To conform the financial statements to the accrual basis of accounting,
the plan administrator made adjustments resulting in differences between
the data shown on page 2 of this report and the 1999 Form 5500 filed
with the Department of Labor.
On August 7, 2000, the Company announced the final results of its
recapitalization, known as the Value Enhancement Plan ("VEP"). Under the
VEP, Ford shareholders exchanged each of their old Ford Common or Class B
shares for one new Ford Common or Class B share, as the case may be, plus
at their election, either $20 in cash, 0.748 additional new Ford Common
shares, or a combination of $5.17 in cash and 0.555 additional new Ford
Common shares. As a result of the elections made by shareholders under
the VEP, the total cash elected was $5.7 billion and the total number of
new Ford Common and Class B shares that became issued and outstanding was
1.893 billion.
On June 28, 2000, Ford distributed 130 million shares of Visteon
Corporation ("Visteon"), which represented its 100% ownership interest, by
means of a tax-free spin-off in the form of a dividend on Ford Common and
Class B Stock.
Holders of Ford Common and Class B Stock on the record date received
0.130933 shares of Visteon common stock for each share of Ford stock, and
participants in U.S. employee savings plans on the record date received
$1.72 in cash per share of Ford stock, based on the volume-weighted
average price of Visteon stock of $13.1326 per share on June 28, 2000.
The total value of the distribution (including the $365 million cash
dividend) was $2.1 billion, or $1.72 per diluted share of Ford stock.
9
Ford Motor Company Tax-Efficient Additional Information
Savings Plan for Hourly Employees Schedule I
Schedule of Assets Held for Investment Purposes
As of December 30, 2000
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(a) (b) (c) (d) (e)
Description of investment
Identity of issuer, including maturity date,
lessor, borrower or rate of interest, collateral,
similar party par or maturity value Cost** Current value
* Fidelity Investments Interest Income Fund, 638,071,797 units $ - $ 638,071,797
* Fidelity Investments T. Rowe Price Spectrum Growth Fund,
215,344 units 3,385,208
* Fidelity Investments Scudder International Fund, 92,504 units 4,653,893
* Fidelity Investments Vanguard LifeStrategy Conservative
Growth Fund, 74,493 units 1,095,045
* Fidelity Investments Domini Social Equity Fund, 12,505 units 432,314
* Fidelity Investments T. Rowe Price Spectrum Income Fund,
136,739 units 1,472,679
* Fidelity Investments Vanguard LifeStrategy Moderate
Growth Fund, 143,707 units 2,477,515
* Fidelity Investments T. Rowe Price New Horizons Funds, 828,515 units 19,793,221
* Fidelity Investments Scudder Global Fund, 54,085 units 1,445,152
* Fidelity Investments Vanguard LifeStrategy Growth Fund,
238,530 units 4,672,805
* Fidelity Investments T. Rowe Price International Stock Fund,
471,565 units 6,847,126
* Fidelity Investments Scudder Global Discovery Fund, 141,202 units 4,409,726
* Fidelity Investments T. Rowe Price International Discovery
Fund, 388,219 units 9,880,191
* Fidelity Investments Scudder Income Fund, 107,655 units 1,349,994
* Fidelity Investments T. Rowe Price New Asia Fund, 603,631 units 4,165,056
* Fidelity Investments Scudder Growth and Income Fund, 339,734 units 8,204,567
* Fidelity Investments T. Rowe Price High Yield Fund, 475,033 units 3,296,727
* Fidelity Investments Scudder Greater Europe Growth Fund,
530,388 units 16,468,547
* Fidelity Investments Vanguard Explorer Fund, 132,847 units 7,982,764
* Fidelity Investments T. Rowe Price New Era Fund, 105,682 units 2,568,063
* Fidelity Investments Scudder Japan Fund, 437,779 units 4,373,410
* Fidelity Investments Vanguard International Value Fund, 44,531 units 1,159,148
* Fidelity Investments T. Rowe Price Latin America Fund, 397,374 units 3,799,851
* Fidelity Investments Vanguard Value Index Fund, 285,717 units 6,534,358
* Fidelity Investments Vanguard Growth Index Investment Fund
1,343,730 units 41,091,269
* Fidelity Investments Vanguard Investment Index Plus Fund, 756,963 units 91,380,550
* Barclays Global Investors Bond Fund, 1,161,687 units 19,655,747
* Ford Motor Company Ford Stock Fund, 256,877,796 units 2,162,911,043
* Comerica Bank, N. A. Common Stock Fund, 4,735,038 units 319,709,785
* Fidelity Investments Fidelity Funds, 787,221 units 25,789,357
* Fidelity Investments Fidelity Puritan Fund, 445,216 units 8,383,419
* Fidelity Investments Fidelity Trend Fund, 30,317 units 1,710,197
* Fidelity Investments Fidelity Magellan Fund, 1,064,218 units 126,961,242
* Fidelity Investments Fidelity Contrafund, 2,475,691 units 121,729,736
* Fidelity Investments Fidelity Equity-Income Fund, 387,946 units 20,727,929
* Fidelity Investments Fidelity Growth Company Fund, 1,352,625 units 96,618,010
* Fidelity Investments Fidelity Investment Grade Bond Fund,
478,142 units 3,423,494
* Fidelity Investments Fidelity Growth and Income Portfolio,
2,001,723 units 84,272,523
* Fidelity Investments Fidelity Value Fund, 228,755 units 10,602,799
* Fidelity Investments Fidelity Government Income Fund, 365,264 units 3,605,151
* Fidelity Investments Fidelity Retirement Growth Fund, 1,760,723 units 154,168,501
10
Ford Motor Company Tax-Efficient Additional Information
Savings Plan for Hourly Employees Schedule I
Schedule of Assets Held for Investment Purposes
As of December 30, 2000
-----------------------------------------------------------------------------------------------------------------------------------
(a) (b) (c) (d) (e)
Description of investment
Identity of issuer, including maturity date,
lessor, borrower or rate of interest, collateral,
similar party par or maturity value Cost** Current value
* Fidelity Investments Fidelity Overseas Fund, 256,965 units 8,831,900
* Fidelity Investments Fidelity Europe Fund, 216,153 units 6,434,880
* Fidelity Investments Fidelity Pacific Basin Fund, 170,707 units 2,951,530
* Fidelity Investments Fidelity Real Estate Investment Portfolio Fund,
351,401 units 6,500,920
* Fidelity Investments Fidelity Balanced Fund, 272,809 units 4,143,975
* Fidelity Investments Fidelity International Growth and Income Fund,
132,004 units 2,999,125
* Fidelity Investments Fidelity Capital Appreciation Fund, 345,938 units 7,690,206
* Fidelity Investments Fidelity Canada Fund, 100,379 units 2,109,974
* Fidelity Investments Fidelity Utilities Fund, 747,463 units 12,026,680
* Fidelity Investments Fidelity Asset Manager, 494,083 units 8,310,478
* Fidelity Investments Fidelity Worldwide Fund, 272,320 units 4,256,354
* Fidelity Investments Fidelity Stock Selector, 486,943 units 12,095,657
* Fidelity Investments Fidelity Asset Manager Growth, 614,430 units 9,775,586
* Fidelity Investments Fidelity Asset Manager Income, 208,771 units 2,448,883
* Fidelity Investments Fidelity Dividend Growth Fund, 1,735,832 units 52,005,526
* Fidelity Investments Fidelity New Markets Income Fund, 318,789 units 3,631,004
* Fidelity Investments Fidelity Global Balanced Fund, 34,093 units 594,245
* Fidelity Investments Fidelity Small Capital Selector Fund, 488,329 units 7,925,583
* Fidelity Investments Fidelity International Bond Fund, 35,087 units 293,331
* Participant Loans Participant loans, interest rates varying from
6 to 9.5 percent 219,484,117
---------------
$ 4,310,374,883
---------------
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 2000. Current values also
include interest and dividends receivable.
*Denotes party-in-interest
**Not required per Department of Labor Reporting
11
Ford Motor Company Tax-Efficient Additional Information
Savings Plan for Hourly Employees Schedule II
Schedule of Reportable Transactions*
For the Year Ended December 30, 2000
-------------------------------------------------------------------------------
*This schedule is only required for nonparticipant-directed transactions. All
investments in the Plan are participant-directed.
12