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Ford Declares First-Quarter Dividends

8 January 1998

Ford Declares First-Quarter Dividends

    DEARBORN, Mich., Jan. 8 -- The Board of Directors of Ford
Motor Company today declared a first-quarter dividend of 42 cents a
share on the company's Class B and common stock.  The dividend is the same as
paid in the fourth quarter of 1997.
    The board also declared a dividend of 51.5625 cents a share on the
depositary shares representing the company's Series B Cumulative Preferred
Stock which equals the quarterly amount of the annual cumulative dividend of
$2.0625 per depositary share.
    The first-quarter dividends are payable on March 2 to shareholders of
record on  January 30.

SOURCE  Ford Motor Company