AMENDMENT TO FORD MOTOR COMPANY
                           DEFERRED COMPENSATION PLAN 
                       (Effective as of September 9, 1998)

Paragraph (d) of Section 4 of the Plan is amended to read as follows:


"(d) Deferrals of Incentive Compensation. Subject to any limitations determined
     under paragraph (a) or paragraph (e) of this Section 4, U. S. employees who
     are eligible to participate in the AIC Plan or the RPM Plan, and who are
     actively employed by the Company at the time an election is made to defer
     payment of an award payable under the 1990 Plan or other incentive
     compensation plan, are eligible to defer payment of from 1% to 100%, in 1%
     increments, of such award net of applicable taxes, but not less than $1,000
     or the equivalent value determined at the time of the deferral, provided
     that the Compensation and Option Committee has determined that deferrals
     may be made for such awards. Notwithstanding the foregoing, the
     Compensation and Option Committee may in its sole discretion allow
     deferrals under this paragraph (d) by persons that do not meet the
     eligibility requirements described above."