-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 S/Vf779R50i8gfFZa8bm36Re49yPaLFD0aocMwkLAgvHt4CnLrtbb08Fjtv2uiaE
 KEsicumYSKxmIRzRNjtDBg==

<SEC-DOCUMENT>0001181431-04-003175.txt : 20040120
<SEC-HEADER>0001181431-04-003175.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120112645
ACCESSION NUMBER:		0001181431-04-003175
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040115
FILED AS OF DATE:		20040120

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HUNTER WILLIAM CURT
		CENTRAL INDEX KEY:			0001275016

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04471
		FILM NUMBER:		04531538

	BUSINESS ADDRESS:	
		STREET 1:		C/O XEROX CORP
		STREET 2:		P O BOX 1600 800 RIDGE RD
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			16904-1600
		BUSINESS PHONE:		9149216345

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>rrd29213.xml
<DESCRIPTION>FORM 4 - AS OF JAN. 15, 2004 ACTIVITY
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2004-01-15</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000108772</issuerCik>
        <issuerName>XEROX CORP</issuerName>
        <issuerTradingSymbol>XRX</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001275016</rptOwnerCik>
            <rptOwnerName>HUNTER WILLIAM CURT</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>800 LONG RIDGE ROAD</rptOwnerStreet1>
            <rptOwnerStreet2>P. O. BOX 1600</rptOwnerStreet2>
            <rptOwnerCity>STAMFORD</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06904</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Stock</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Deferred Compensations</value></securityTitle><conversionOrExercisePrice><value>0</value><footnoteId id="F1"/></conversionOrExercisePrice><transactionDate><value>2004-01-15</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>J</transactionCode><equitySwapInvolved>0</equitySwapInvolved><footnoteId id="F2"/></transactionCoding><transactionAmounts><transactionTotalValue>
<value>35000</value></transactionTotalValue><transactionPricePerShare><value>0.0</value><footnoteId id="F1"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><value>1998-08-08</value><footnoteId id="F1"/></exerciseDate><expirationDate><value>1998-08-08</value><footnoteId id="F1"/></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Stock</value></underlyingSecurityTitle><underlyingSecurityValue><value>0</value><footnoteId id="F1"/></underlyingSecurityValue></underlyingSecurity><postTransactionAmounts><valueOwnedFollowingTransaction><value>35000.00</value></valueOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction></derivativeTable><footnotes><footnote id="F1">Not Applicable</footnote><footnote id="F2">Hypothetical investment of deferred compensation in Xerox Stock F
und under the Xerox Saving Plan.</footnote></footnotes><ownerSignature><signatureName>K. W. Fizer, Attorney-In-Fact</signatureName><signatureDate>2004-01-20</signatureDate></ownerSignature></ownershipDocument>



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