Exhibit 4.2


Section 4.2 of Article IV of the Ford Motor Company Savings and Stock Investment
Plan for Salaried Employees was amended as follows, effective July 1, 2004:


                                   ARTICLE IV
                                   ----------

                              Investment Elections
                              --------------------

    4.2  Transfer of Assets to Other Investment Elections. Except as is provided
in Appendix A or subsection (d) or (e) of this Section 4.2, any  Participant may
elect,  at such times,  in such manner,  to such extent and with respect to such
assets as the Administration  Committee from time to time may determine, to have
the value of all or part of the Participant's  vested assets (and effective July
1, 2004,  unvested assets) invested in any available  investment  election under
the Plan  transferred  and invested in any other available  investment  election
under the Plan; provided, however, that:

     (a)  Participant may make one or more such transfer  elections with respect
          to his or her Accounts during each business day, except that effective
          June 1, 2000,  a  Participant  shall not be allowed to make  transfers
          into or out of the Ford Stock Fund more than five (5) times in a given
          month,  and  this  limitation  applies  regardless  of the  number  of
          transfers a  Participant  may have engaged in with respect to the Ford
          Stock Fund in any previous month or months;

     (b)  a Participant  may make transfer  elections in either a dollar amount,
          share/unit  amount or a  percentage  of the  amount  invested  in such
          investment election from which such transfer is elected, in increments
          of one  percent,  provided  that the  amount  transferred  is at least
          minimum  percentage from time to time specified by the  Administration
          Committee  or,  if  greater,  $250.00;  provided  that  if the  amount
          invested in the investment  election from which transfer is elected is
          less than  $250.00,  the entire  value of the assets  invested  in the
          investment election from which transfer is elected;

     (c)  all such transfer elections shall be subject to such other regulations
          as the  Administration  Committee  may  prescribe,  which may specify,
          among  other  things,  application  procedures,  minimum  and  maximum
          amounts that may be transferred,  procedures for determining the value
          of assets the subject of a transfer  election and other  matters which
          may  include   conditions  or  restrictions   applicable  to  transfer
          elections;

     (d)  after  March 31,  2000,  the  Scudder  International  Bond Index Fund,
          previously listed on Appendix A, ceased to be offered as an investment
          option. From April 1, 2000 through September 22, 2000, no assets could
          be transferred into the Scudder  International Bond Index Fund. On and
          after  April 1,  2000,  elections  to  invest  assets  in the  Scudder
          International  Bond Index Fund made prior to that date are  treated as
          elections  to invest in the Interest  Income Fund.  During said period
          assets could have been transferred from

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          the  Scudder  International  Bond Index Fund into any other  available
          investment  election  under  the Plan.  All  assets  remaining  in the
          Scudder  International Bond Index Fund as of the close of the New York
          Stock  Exchange on  September  22,  2000,  were  transferred  into the
          Interest Income Fund; and


     (e)  after the close of the New York Stock  Exchange on March 28, 2002, the
          mutual  funds  listed on  Appendix  B  ("Closed  Funds")  ceased to be
          offered as  investment  options  under the Plan.  From March 30,  2002
          through March 31, 2003,  ("Sunset Period") the Closed Funds are closed
          to  contributions,  exchanges in and loan  repayment but assets in the
          Closed  Fund as of close of the New York Stock  Exchange  on March 28,
          2002 may remain  during the Sunset  Period.  Prior to the close of the
          New York Stock  Exchange  on April 15,  2002,  Participants  in Closed
          Funds were required to make new investment  elections or Participant's
          future  contributions  and loan repayments were defaulted as described
          below. During the Sunset Period,  assets can be transferred out of the
          Closed Funds into any other  available  investment  election under the
          Plan that is not a Closed Fund.  Assets  remaining in the Closed Funds
          as of the close of the New York Stock  Exchange on March 31, 2003 will
          be  transferred  automatically  at market  close on March 31,  2003 as
          described  below.  Assets  defaulted into the Interest Income Fund and
          the Fidelity  Freedom Funds may be exchanged out of these funds at any
          time.