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, 2001

                                       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
--------------------

Financial Statements and Schedules
----------------------------------

      Statement of Net Assets Available for Plan Benefits, as of December 30,
2001 and December 30, 2000.

      Statement of Changes in Net Assets Available for Plan Benefits for the
year ended December 30, 2001.

      Schedule I - Schedule of Assets Held for Investment Purposes as of
December 30, 2001.



                                     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/Charles E. Corbett
                                              ---------------------------------
                                               Charles E. Corbett, Chair
                                               Tax-Efficient Savings Plan for
                                               Hourly Employees Committee


June 18, 2002



                                       3

                                  EXHIBIT INDEX
                                  -------------


                                                                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
                December 30, 2001 and 2000












Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Contents
-------------------------------------------------------------------------------------------------------------------
                                                                                                         
                                                                                                            Page(s)

Report of Independent Accountants.................................................................................1


Financial Statements
Statement of Net Assets Available for Benefits
 as of December 30, 2001 and 2000.................................................................................2

Statement of Changes in Net Assets Available for
 Benefits for the Year Ended December 30, 2001....................................................................3

Notes to Financial Statements...................................................................................4-9


Supplemental Schedules*
Schedule I - Schedule of Assets Held at End of Year
 as of December 30, 2001......................................................................................10-11

* All other schedules required by 29 CFR 2520.103-10 are not included because they are not applicable.








                        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, 2001 and 2000, and the changes in net assets available
for benefits for the year ended December 30, 2001, 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  schedule of Assets Held
at End of  Year as of  December  30,  2001  is  presented  for  the  purpose  of
additional analysis and is not a required part of the basic financial statements
but is 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. This  supplemental  schedule is the  responsibility of the
Plan's management.  The supplemental schedule has been subjected to the auditing
procedures  applied in the audits of the basic financial  statements and, in our
opinion,  is fairly  stated in all  material  respects  in relation to the basic
financial statements taken as a whole.


/s/PricewaterhouseCoopers LLP

June 10, 2002


                                       1






Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Statement of Net Assets Available for Benefits
As of December 30, 2001 and 2000
---------------------------------------------------------------------------------------------------------------
                                                                                  2000
                                                           ----------------------------------------------------
                                             2001              Allocated      Unallocated         Total
                                                                                 
Assets
Investments, at fair value             $   3,540,430,917   $  4,095,070,155   $  42,682,473   $  4,137,752,628
Participant loans                            232,788,943        219,484,117               -        219,484,117
                                       ------------------  -----------------  --------------  -----------------
   Total assets                            3,773,219,860      4,314,554,272      42,682,473      4,357,236,745
Liabilities
Employee stock ownership plan,
 loan payable                                          -                  -      46,589,680         46,589,680
Employee stock ownership plan,
 interest payable                                      -                  -         272,182            272,182
                                       ------------------  -----------------  --------------  -----------------
   Total liabilities                                   -                  -      46,861,862         46,861,862
                                       ------------------  -----------------  --------------  -----------------

   Net assets available for benefits   $   3,773,219,860   $  4,314,554,272   $  (4,179,389)  $  4,310,374,883
                                       ------------------  -----------------  --------------  -----------------



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 Benefits
For the Year Ended December 30, 2001
-------------------------------------------------------------------------------------------------------------
                                                            Allocated        Unallocated          Total

                                                                                   
Additions
Addition to net assets attributed to
   Allocation of 1,821,080 shares of Ford common         $     41,329,763                    $     41,329,763
    stock, at fair value
   Interest and dividends                                     104,247,030   $   48,597,485        152,844,515
                                                         -----------------  ---------------  -----------------
                                                              145,576,793       48,597,485        194,174,278
   Contributions
     Employee contributions                                   363,457,203                -        363,457,203
   Other additions
     Loan repayment (principal)                                   (14,872)               -            (14,872)
     Loan repayment (interest)                                 16,267,540                -         16,267,540
                                                         -----------------  ---------------  -----------------
                                                               16,252,668                -         16,252,668
                                                         -----------------  ---------------  -----------------
       Total additions                                        525,286,664       48,597,485        573,884,149

Deductions
Deductions from net assets attributed to
   Allocation of 1,821,080 shares of Ford common
    stock, at fair value                                                       (41,329,763)       (41,329,763)
   Net depreciation in fair value of investments             (856,395,164)      (1,264,605)      (857,659,769)
   Withdrawal of participants' accounts                      (198,213,766)                       (198,213,766)
   Participant loans                                               15,200                              15,200
   Administrative expenses                                           (898)                               (898)
   Interest expense                                                             (1,823,728)        (1,823,728)
   Transfers out to other plans                               (12,026,448)                        (12,026,448)
                                                         -----------------  --------------- ------------------
     Total deductions                                      (1,066,621,076)     (44,418,096)    (1,111,039,172)
                                                         -----------------  --------------- ------------------
     Net (decrease) increase                                 (541,334,412)       4,179,389       (537,155,023)
                                                         -----------------  --------------- ------------------
Net assets available for benefits
   Beginning of year                                        4,314,554,272       (4,179,389)     4,310,374,883
                                                         -----------------  --------------- ------------------

   End of year                                           $  3,773,219,860   $            -  $   3,773,219,860
                                                         -----------------  --------------- ------------------



The accompanying notes are an integral part of the financial statements.


                                       3



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.

       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 on either or both a pre-tax or after-tax basis.
       Participants may also elect reductions in their distributions under the
       Company's Profit Sharing Plan to be contributed to the Plan. Such
       pre-tax 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. The Company pays
       administrative expenses and fees of the Ford Stock Fund and the
       management fees of Common Stock Index Fund and Bond Index Fund. All other
       fees and expenses are deducted from participant account funds. The fees
       charged to individual participant account fund assets totaled
       approximately $56,000 and $78,000 for the years ended December 30, 2001
       and 2000, respectively. The benefit to which a participant is entitled is
       the benefit that can be provided from the participant's vested 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.  At any time or from time to time prior to
       termination of employment, a member may withdraw all or part of the cash
       value of assets in his or her After-Tax Savings Account that are
       attributable to his or her After-Tax Savings Contributions and earnings
       thereon.

                                       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. A
       variety of investment options are available to the participants such as
       guaranteed investment contract, mutual funds, common and commingled
       stock.

       Transfers of assets
       The Plan permits the transfer of assets among investment options.

       Participant loans
       The Plan permits loans to participants from both their Pre-Tax and
       After-Tax Program accounts. Monthly loan interest rates are based on the
       prime rate published in The Wall Street Journal.

       A participant is eligible to take out one loan per calendar year, and to
       have only four loans outstanding at any one time. Regular loans may be
       for a minimum of one year, but not exceeding five years. Home loans may
       be for a minimum of one year, but not exceeding ten years.

       Investment contracts with insurance companies
       During 2001 and 2000, the Plan held seven benefit-responsive investment
       contracts with various insurance 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 2001 and 2000. The average yield and
       crediting interest rates were approximately 6.31% for 2001 and 6.16% for
       2000. 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.

       Related-party transactions
       Certain Plan investments are shares of mutual funds managed by Fidelity
       Investments. Fidelity Investments is the trustee as defined by the Plan
       and, therefore, these transactions qualify as party-in-interest
       transactions. Fees paid by the Plan for the investment management
       services amounted to $899 for the year ended December 30, 2001.

       Employee stock ownership plan
       The Company, by action of the Board of Directors, established an Employee
       Stock Ownership Plan ("ESOP") within the Plan effective January 1, 1989.
       The Plan operates in part as a leveraged ESOP, and is designed to comply
       with Section 4975(e)(7) and the regulations there under 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").

                                       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 (continued)
       The Plan purchased Company common shares using the proceeds of loans from
       the Company (see Note 4), and holds the stock in a trust established
       under the Plan. The borrowings were repaid quarterly over the period
       ended December 3, 2001. As the Plan made each payment of principal, an
       appropriate percentage of stock was allocated to eligible employees'
       accounts in accordance with applicable regulations under the Code. Shares
       vested fully upon allocation.

       The borrowings were collateralized by the unallocated shares of stock and
       were guaranteed by the Company. The Company has no rights against shares
       once they are allocated under the ESOP. Accordingly, the financial
       statements of the Plan present separately the assets and liabilities and
       changes therein pertaining to:

       a)   the accounts of employees with vested rights to allocated stock
            ("Allocated") and
       b)   stock not yet allocated to employees ("Unallocated").

  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
       quoted 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. Contract value represents
       contributions made under the contracts, plus interest at the contract,
       less funds to pay benefits and administrative expenses charged by the
       insurance companies. Participant loans are valued at cost, 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 accounting
       principles generally accepted in the United States of America requires
       management to make estimates and assumptions that affect the reported
       amounts of assets and liabilities 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



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 common stock, fixed
       income securities, mutual funds 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 benefits and the statement of changes in net
       assets available for benefits.

       Other
       Purchases and sales of investments are reflected on a trade-date basis.
       The Plan presents in the statement of changes in net assets available for
       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.

       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:


                                                      December 30,                        December 30,
                                                         2001                                2000
                                       Shares        Market value         Shares         Market value
                                                                            
       Interest Income Fund           743,121,664      743,121,664     638,071,797        638,071,797
       Ford Stock Fund                256,877,796    1,591,810,482     277,802,876      2,162,911,043
       Common Stock Index Fund          4,735,038      271,676,231       4,622,703        319,709,785
       Participant loans              232,788,943      232,788,943     219,484,117        219,484,117


       During 2001, the Plan's investments depreciated in value by $857,659,769
       as follows:

       Mutual funds                                              $  124,635,913
       Ford common stock                                            691,744,653
       Common and commingled trust fund                              41,279,203
                                                                 ---------------
                                                                 $  857,659,769
                                                                 ---------------

  4.   Plan Amendment

       Effective April 1, 2002, the Plan was amended to increase the amount an
       employee is able to contribute from 25% to 40% of base pay, subject to
       Internal Revenue Service limits.


                                       7



Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------

  5.   Loan Payable

       The Plan obtained loans from the Company to purchase shares of Company
       common stock for quarterly allocation. Unallocated shares are collateral
       for the loan. The agreement provides for the loan to be repaid over the
       period ended December 3, 2001. The following summarizes the loans
       outstanding during the year:


                          Original                        Total           Number of       Date of
                          principle       Interest       quarterly        quarterly       first
       Date of loan        balance          rate         payments          payments       payment
                                                                          
       06/28/00           28,800,000        6.54%           715,276           7          08/10/00
       08/31/00           62,510,000        7.04%        11,456,096           6          09/01/00

       All loans were either paid off or matured prior to December 30, 2001.

       The Company shares are held in an unallocated account within the Plan
       until quarterly loan payments are made. The trustee purchases additional
       shares to the extent that shares released from the unallocated account
       are not adequate to satisfy the requirement for dividend shares allocated
       to participants' accounts. Cash dividends earned on Company common stock
       are held in the Plan and are 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 unallocated 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.

  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, and the
       Plan sponsor has applied for an updated IRS letter. The Plan sponsor and
       tax counsel believe 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.   Administration of Plan Assets

       The Plan's assets, which consist principally of the Company common
       shares, are held by the Trustee of the Plan, Fidelity Investments.

       Certain administrative functions are performed by officers or employees
       of the Company or its subsidiaries. No such officer or employee receives
       compensation from the Plan. Comerica Bank administers the payment of
       interest and principal for the loan payable.


                                       8



Ford Motor Company Tax-Efficient
Savings Plan for Hourly Employees
Notes to Financial Statements
-------------------------------------------------------------------------------

  8.   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.


                                       9






Ford Motor Company Tax-Efficient                                              Supplemental Schedule I
Savings Plan for Hourly Employees                                                         Page 1 of 2
Schedule of Assets Held at End of Year
As of December 30, 2001
------------------------------------------------------------------------------------------------------
(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
                                                                                   

      Interest Income Fund
*     Fidelity Investments    Interest Income Fund, 743,121,664 units
                              CDC Financial Products, 6.13%, due 5/15/03                      $      3,022,578
                              Combined Insurance Company, 6.97%, due 4/26/02                         2,045,015
                              Combined Insurance Company, 6.22%, due 6/9/03                          3,718,664
                              GE Life and Annuity ASR, 6.26%, due 3/17/03                            2,239,400
                              GE Life and Annuity ASR, 6.24%, due 11/15/02                           2,983,845
                              Safeco Life Insurance Company, 6.199%, due 2/15/02                     2,978,796
                              United of Omaha, 6.15%, due 6/12/02                                    1,551,306
                              Other                                                                724,582,060
                                                                                              -----------------
                                Total Interest Income Fund                                         743,121,664
      Investment Funds
*     Fidelity Investments    T. Rowe Price Spectrum Growth Fund,
                               226,363 units                                                         3,203,039
*     Fidelity Investments    Scudder International Fund, 89,031 units                               3,251,401
*     Fidelity Investments    Vanguard LifeStrategy Conservative
                               Growth Fund, 76,089 units                                             1,071,328
*     Fidelity Investments    Domini Social Equity Fund, 25,411 units                                  703,618
*     Fidelity Investments    T. Rowe Price Spectrum Income Fund,
                               158,338 units                                                         1,673,636
*     Fidelity Investments    Vanguard LifeStrategy Moderate
                               Growth Fund, 166,294 units                                            2,657,371
*     Fidelity Investments    T. Rowe Price New Horizons Funds, 894,602 units                       20,477,436
*     Fidelity Investments    Scudder Global Fund, 59,912 units                                      1,301,892
*     Fidelity Investments    Vanguard LifeStrategy Growth Fund,
                               260,521 units                                                         4,561,717
*     Fidelity Investments    T. Rowe Price International Stock Fund,
                               497,657 units                                                         5,439,394
*     Fidelity Investments    Scudder Global Discovery Fund, 139,487 units                           3,282,118
*     Fidelity Investments    T. Rowe Price International Discovery
                               Fund, 324,456 units                                                   6,167,916
*     Fidelity Investments    Scudder Income Fund, 135,574 units                                     1,686,537
*     Fidelity Investments    T. Rowe Price New Asia Fund, 534,178 units                             3,279,855
*     Fidelity Investments    Scudder Growth and Income Fund, 347,083 units                          7,403,277
*     Fidelity Investments    T. Rowe Price High Yield Fund, 600,366 units                           3,998,439
*     Fidelity Investments    Scudder Greater Europe Growth Fund,
                               510,631 units                                                        11,673,018
*     Fidelity Investments    Vanguard Explorer Fund, 161,589 units                                  9,835,903
*     Fidelity Investments    T. Rowe Price New Era Fund, 118,485 units                              2,648,131
*     Fidelity Investments    Scudder Japan Fund, 412,990 units                                      2,729,861
*     Fidelity Investments    Vanguard International Value Fund, 72,770 units                        1,597,310
*     Fidelity Investments    T. Rowe Price Latin America Fund, 350,260 units                        3,215,378
*     Fidelity Investments    Vanguard Value Index Fund, 381,879 units                               7,278,607
*     Fidelity Investments    Vanguard Growth Index Investment Fund,
                               1,292,469 units                                                      34,625,245
*     Fidelity Investments    Vanguard Investment Index Plus Fund, 776,851 units                    82,400,538
*     Barclays Global
       Investors              Bond Index Fund, 1,440,697 units                                      26,335,933
*     Ford Motor Company      Ford Stock Fund, 277,802,876 units                                 1,591,810,482
*     Comerica Bank, N. A.    Common Stock Index Fund, 4,622,703 units                             271,676,231



                                       10






Ford Motor Company Tax-Efficient                                              Supplemental Schedule I
Savings Plan for Hourly Employees                                                         Page 2 of 2
Schedule of Assets Held at End of Year
As of December 30, 2001
------------------------------------------------------------------------------------------------------
(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 Funds, 899,271 units                                    $    26,177,792
*     Fidelity Investments    Fidelity Puritan Fund, 541,144 units                                   9,589,078
*     Fidelity Investments    Fidelity Trend Fund, 37,203 units                                      1,842,671
*     Fidelity Investments    Fidelity Magellan Fund, 1,174,463 units                              123,753,171
*     Fidelity Investments    Fidelity Contrafund, 2,499,746 units                                 107,464,098
*     Fidelity Investments    Fidelity Equity-Income Fund, 445,018 units                            21,872,612
*     Fidelity Investments    Fidelity Growth Company Fund, 1,502,192 units                         81,539,004
*     Fidelity Investments    Fidelity Investment Grade Bond Fund,
                               966,342 units                                                         7,054,295
*     Fidelity Investments    Fidelity Growth and Income Portfolio,
                               2,068,813 units                                                      78,014,950
*     Fidelity Investments    Fidelity Value Fund, 409,966 units                                    21,260,863
*     Fidelity Investments    Fidelity Government Income Fund, 629,568 units                         6,251,614
*     Fidelity Investments    Fidelity Retirement Growth Fund, 1,590,124 units                      25,298,876
*     Fidelity Investments    Fidelity Overseas Fund, 271,506 units                                  7,452,828
*     Fidelity Investments    Fidelity Europe Fund, 215,407 units                                    5,307,630
*     Fidelity Investments    Fidelity Pacific Basin Fund, 158,689 units                             2,194,672
*     Fidelity Investments    Fidelity Real Estate Investment Portfolio Fund,
                               523,204 units                                                         9,700,199
*     Fidelity Investments    Fidelity Balanced Fund, 408,232 units                                  6,103,074
*     Fidelity Investments    Fidelity International Growth and Income Fund,
                               142,358 units                                                         2,664,936
*     Fidelity Investments    Fidelity Capital Appreciation Fund, 389,868 units                      8,097,558
*     Fidelity Investments    Fidelity Canada Fund, 75,254 units                                     1,429,071
*     Fidelity Investments    Fidelity Utilities Fund, 790,179 units                                10,738,533
*     Fidelity Investments    Fidelity Asset Manager, 582,427 units                                  9,062,564
*     Fidelity Investments    Fidelity Worldwide Fund, 284,749 units                                 4,194,358
*     Fidelity Investments    Fidelity Stock Selector, 498,623 units                                10,655,574
*     Fidelity Investments    Fidelity Asset Manager Growth, 704,977 units                          10,179,873
*     Fidelity Investments    Fidelity Asset Manager Income, 243,577 units                           2,759,733
*     Fidelity Investments    Fidelity Dividend Growth Fund, 2,190,469 units                        62,625,523
*     Fidelity Investments    Fidelity New Markets Income Fund, 588,868 units                        6,436,325
*     Fidelity Investments    Fidelity Global Balanced Fund, 41,195 units                              658,300
*     Fidelity Investments    Fidelity Small Capital Selector Fund, 614,057 units                   10,346,866
*     Fidelity Investments    Fidelity International Bond Fund, 43,190 units                           343,789
*     Fidelity Investments    Citizens Glbl. Eq. Ins., 15,355 units                                    253,212
                                                                                            ------------------
                               Total Investment Funds                                           2,797,309,253
      Participant Loans
*     Participant Loans      Participant loans, interest rates varying from
                              4.75 to 9.5%                                                        232,788,943
                                                                                            ------------------

                               Total investments                                            $  3,773,219,860
                                                                                            ------------------



* Denotes party-in-interest
**Not required per Department of Labor Reporting 29 CFR 2520.103-10.


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