Sec Form 4 Filing - COULSON DANIEL R @ VISTEON CORP - 2004-03-31

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 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 COULSON DANIEL R 2. Issuer Name and Ticker or Trading Symbol VISTEON CORP [ VC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Vice President & CFO (Last) (First) (Middle) VISTEON CORPORATION, 290 TOWN CENTER DR., 10TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 03/31/2004 (Street) DEARBORN, MI48126 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 03/31/2004 D( 1 ) 42,116 D $ 0 100,433 D Common Stock 1,027 ( 2 ) I By Company Plan

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Employee Stock Option (right to buy) ( 3 ) ( 3 ) ( 3 ) Common Stock 206,511 206,511 D SPP Visteon Stock Fund Unit ( 4 ) ( 4 ) ( 4 ) Common Stock 1,836 3,124 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other COULSON DANIEL R VISTEON CORPORATION 290 TOWN CENTER DR., 10TH FLOOR DEARBORN, MI48126 Executive Vice President & CFO Signatures Heidi A. Diebol-Hoorn, Assistant Secrteary, Visteon Corporation on behalf of Daniel R. Coulson 04/02/2004 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares were forfeited pursuant to the terms of the Company's 2000 Incentive Plan. ( 2 )These shares, or units representing these shares, were acquired under the Visteon Invesment Plan and reported to me in my most recent plan statement. ( 3 )The option is exercisable to the extent of 33% of the shares optioned after one year from the date of grant, 66% in two years and in full after three years. ( 4 )These Visteon Stock Fund units were credit to my account, without payment by me, under the Company's Savings Parity Plan, and were reported to me in my most recent plan statement. In general, these Visteon Stock Fund units will be converted and distributed to me, without payment, in cash following termination of employment, based on the then current price of a Visteon stock fund unit, and the then current market value of a share of Visteon common stock.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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