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Ford Declares First-Quarter Dividends

15 January 1999

Ford Declares First-Quarter Dividends

    DEARBORN, Mich., Jan. 14 -- The Board of Directors of Ford
Motor Company today declared a first-quarter dividend of 46 cents a
share on the company's Class B and common stock.  The dividend is the same as
paid in the fourth quarter of 1998.
    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.
    The dividend on the Series B Preferred Stock equals the quarterly amount
of the annual cumulative dividend of $2.0625 per depositary share.
    The first-quarter dividends are payable on March 1, 1999, to shareholders
of record on January 29, 1999.