-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 WlczwSnBM60EdASPsLCR5Q==

<SEC-DOCUMENT>0001181431-04-001381.txt : 20040106
<SEC-HEADER>0001181431-04-001381.hdr.sgml : 20040106
<ACCEPTANCE-DATETIME>20040106163135
ACCESSION NUMBER:		0001181431-04-001381
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040102
FILED AS OF DATE:		20040106

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BURNS URSULA M
		CENTRAL INDEX KEY:			0001190699

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04471
		FILM NUMBER:		04510550

	MAIL ADDRESS:	
		STREET 1:		C/O BOSTON SCIENTIFIC CORP
		STREET 2:		ONE BOSTON SCIENTIFIC PL
		CITY:			NATICK
		STATE:			MA
		ZIP:			017601537

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			XEROX CORP
		CENTRAL INDEX KEY:			0000108772
		STANDARD INDUSTRIAL CLASSIFICATION:	COMPUTER PERIPHERAL EQUIPMENT, NEC [3577]
		IRS NUMBER:				160468020
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		800 LONG RIDGE RD
		STREET 2:		P O BOX 1600
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06904-1600
		BUSINESS PHONE:		2039683000

	MAIL ADDRESS:	
		STREET 1:		800 LONG RIDGE ROAD
		STREET 2:		PO BOX 1600
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06904

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HALOID XEROX INC
		DATE OF NAME CHANGE:	19730813
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd27455.xml
<DESCRIPTION>FORM 4 JANUARY 2, 2004 ACTIVITY
<TEXT>
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    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-02</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000108772</issuerCik>
        <issuerName>XEROX CORP</issuerName>
        <issuerTradingSymbol>XRX</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001190699</rptOwnerCik>
            <rptOwnerName>BURNS URSULA M</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>800 LONG RIDGE ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>P. O. 1600</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode>06904</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>Senior Vice President</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2004-01-02</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F1"/></transactionCoding><transactionAmounts><transactionShares><value>80000</value></transactionShares><transactionPricePerShare><value>0.0</value><footnoteId id="F2"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>208524</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value
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nsactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F3"/><footnoteId id="F6"/></transactionCoding><transactionAmounts><transactionShares><value>83000</value></transactionShares><transactionPricePerShare><value>0.0</value><footnoteId id="F2"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>111800</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>500</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>Children</valu
e></natureOfOwnership></ownershipNature></nonDerivativeHolding><nonDerivativeHolding><securityTitle><value>Xerox Stock Fund</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>10214.177</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value></directOrIndirectOwnership><natureOfOwnership><value>Xerox Stock Fund</value></natureOfOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>4.75</value></conversionOrExercisePrice><exerciseDate><value>2002-01-01</value><footnoteId id="F4"/></exerciseDate><expirationDate><value>2010-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>149600</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmount
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securityTitle><conversionOrExercisePrice><value>7.885</value></conversionOrExercisePrice><exerciseDate><value>2004-01-01</value><footnoteId id="F4"/></exerciseDate><expirationDate><value>2012-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>280400</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>280400</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>10.365</value></conversionOrExercisePrice><exerciseDate><value>2003-01-01</value><footnoteId id="F4"/></exerciseDate><expirationDate><value>2011-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common 
Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>149600</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>149600</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>21.7812</value></conversionOrExercisePrice><exerciseDate><value>2005-01-01</value></exerciseDate><expirationDate><value>2009-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>40000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>40000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndire
ctOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>36.7032</value></conversionOrExercisePrice><exerciseDate><value>1999-01-01</value><footnoteId id="F5"/></exerciseDate><expirationDate><value>2005-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>35658</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>35658</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>46.875</value></conversionOrExercisePrice><exerciseDate><value>1999-01-01</va
lue><footnoteId id="F4"/></exerciseDate><expirationDate><value>2008-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>15282</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>15282</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>47.50</value></conversionOrExercisePrice><exerciseDate><value>2003-03-01</value></exerciseDate><expirationDate><value>2009-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>5625</value></underlyingSecurityShares></underlyingSecurity><postTransaction
Amounts><sharesOwnedFollowingTransaction><value>5625</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Stock Option</value></securityTitle><conversionOrExercisePrice><value>59.4375</value></conversionOrExercisePrice><exerciseDate><value>2000-01-01</value><footnoteId id="F4"/></exerciseDate><expirationDate><value>2006-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>630</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>630</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeTransaction><securityTitle><va
lue>Stock Option</value></securityTitle><conversionOrExercisePrice><value>13.685</value></conversionOrExercisePrice><transactionDate><value>2004-01-02</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>A</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>138000</value></transactionShares><transactionPricePerShare><value>0.00</value><footnoteId id="F2"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>2005-01-01</value><footnoteId id="F4"/></exerciseDate><expirationDate><value>2011-12-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityShares><value>138000</value></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>138000</value></sha
resOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Vesting of incentive stock rights.</footnote><footnote id="F2">Not Applicable</footnote><footnote id="F3">Incentive stock rights under 16b-3 plan payable in shares treated as restricted stock.  These rights are subject to vesting requirements.</footnote><footnote id="F4">Options vest over three years, 33.3% per year beginning in year shown.</footnote><footnote id="F5">Options vest over three years, 33%, 33%, 34%, beginning in year shown.</footnote><footnote id="F6">Restricted awards vest over three years, 33.3% per year beginning with 01/01/2005.</footnote></footnotes><ownerSignature><signatureName>K. W. Fizer, Attorney-In-Fact</signatureName><signatureDate>2004-01-06</signatureDate></ownerSignature></ownershipDocument>



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</DOCUMENT>
</SEC-DOCUMENT>
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