FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * GALLAIRE HERVE J   2. Issuer Name and Ticker or Trading Symbol XEROX CORP [XRX] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President (Last) (First) (Middle) 800 LONG RIDGE ROAD, PO BOX 1600 3. Date of Earliest Transaction (Month/Day/Year) 01/03/2005 (Street) STAMFORD, CT 06904 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/03/2005   J(2) V 12,333 A $ 0 103,869 D   Common Stock 01/03/2005   F(2) V 3,700 D $ 0 100,169 D   Common Stock 10/12/2005   J(2) V 6,050 D $ 0 106,219 D   Common Stock 10/12/2005   F(2) V 1,815 D $ 0 104,404 D   Incentive Stock Rights 01/03/2005   J(2) V 12,333 D $ 0 30,717 D   Incentive Stock Rights 10/12/2005   J(2) V 6,050 D $ 0 24,667 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options

$ 4.75

01/01/2001(1)

12/31/2010

Common Stock

112,200

112,200

D

Stock Options

$ 7.885

01/01/2004(1)

12/31/2012

Common Stock

112,200

112,200

D

Stock Options

$ 10.365

01/01/2003(1)

12/31/2011

Common Stock

112,200

112,200

D

Stock Options

$ 21.7812

01/01/2000

12/31/2009

Common Stock

40,000

40,000

D

Stock Options

$ 22.875

01/01/2001(1)

12/31/2008

Common Stock

29,063

29,063

D

Stock Options

$ 36.7032

01/01/1999

12/31/2005

Common Stock

44,548

44,548

D

Stock Options

$ 46.875

01/01/1999

12/31/2008

Common Stock

19,092

19,092

D

Stock Options

$ 47.5

03/01/2003

12/31/2009

Common Stock

9,000

9,000

D

Stock Options

$ 13.685

01/01/2005(1)

12/31/2011

Common Stock

61,000

61,000

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
GALLAIRE HERVE J 800 LONG RIDGE ROAD PO BOX 1600 STAMFORD, CT 06904			Senior Vice President

Signatures

K.W. Fizer, Attorney-In-Fact		10/14/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Options vest over three years, 33.3% per year beginning in year shown.
(2)	Vesting of Incentive Stock Rights.

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