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## O P E R A T I N G H I G H L I G H T S 

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a/ Voluntary Employee Beneficiary Association trust, in which $4.1 billion of financial assets were held at the end of 2004 and $4.0 billion at the end of 2003 to fund certain future employee benefit obligations in the near term. 

b/ Automotive cash, marketable and loaned securities and assets held in a short-term VEBA trust less Automotive debt. 

c/ From Bloomberg Total Return Analysis assuming dividends are reinvested in Ford stock. 

Prior-year amounts have been reclassified to conform to current-year presentation. 

