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<P ALIGN="CENTER">&nbsp;</P>
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<B>
<P ALIGN="CENTER"><font font face="Times New Roman">UNITED STATES<br>
SECURITIES AND
  EXCHANGE COMMISSION<br>
WASHINGTON, DC 20549<br>
&nbsp;</font></P>
<P ALIGN="CENTER"><font font face="Times New Roman">FORM 8-K<br>
&nbsp;</P>
</font>
</B><font size="2" font face="Times New Roman"><P ALIGN="CENTER"></P>
</font>
<B><font font face="Times New Roman"><P ALIGN="CENTER">CURRENT REPORT PURSUANT<br>
TO SECTION 13 OR 15(D) OF THE<br>
SECURITIES EXCHANGE ACT OF 1934</P>
</font>
</B><font size="2" font face="Times New Roman"><P ALIGN="CENTER">
<br>
</font><font font face="Times New Roman">Date of Report (Date of Earliest Event Reported):&nbsp;&nbsp;
</font><b>March 28, 2005</b><font font face="Times New Roman"><b>
</b></P>
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<B><font face="Times New Roman" size="4">
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Electronic Data Systems Corporation</P>
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</font><P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">
</B><font size="2" font face="Times New Roman">(Exact Name of Registrant as Specified in
Its Charter)</font></P>
<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"><b>
<font font face="Times New Roman">
Delaware</font></b></P>
<hr><P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"><font size="2" font face="Times New Roman">
(State or Other Jurisdiction of Incorporation)</font></P>
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      <td width="33%" align="center"><b><font font face="Times New Roman">01-11779</font></b></td>
      <font font face="Times New Roman">
      <td width="34%" align="center"><b><font font face="Times New Roman">75-2548221</font></b></td>

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      <font size="2" font face="Times New Roman">
      <td width="33%" align="center"><font size="2" font face="Times New Roman">(Commission
      File Number)</font></td>
      <td width="34%" align="center"><font size="2" font face="Times New Roman">(IRS Employer
      Identification No.)</font></td>

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    <tr>
      <td width="299" align="center"><b><font font face="Times New Roman">5400 Legacy Drive,
      Plano, Texas</font></b></td>
      <font font face="Times New Roman">
      <td width="312" align="center"><b><font font face="Times New Roman">
      75024</font></b></td>

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      <td width="299" align="center"><font size="2" font face="Times New Roman">
      (Address of Principal Executive Offices)</font></td>
      <td width="312" align="center"><font size="2" font face="Times New Roman">(Zip
      Code)</font></td>
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<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0"><br>
</font><font font face="Times New Roman">
<b>(972) 604-6000</b></P>
</font><font size="2" font face="Times New Roman">
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<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Registrant's Telephone
Number, Including Area Code)</P>
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<hr>
<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">(Former Name or Former
Address, if Changed Since Last Report)</P>
<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">&nbsp;</P>
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&nbsp;</P>
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    <td width="187%">
    <p style="text-indent: 0.5in"><font size="2" face="Times New Roman">Check
  the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of
  the following provisions (<i>see </i>General Instruction A.2. below):</font><font size="2" font face="Times New Roman"><br>
&nbsp;</font></td>
  </tr>
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    <td width="5%" valign="top">&nbsp;</td>
    <td width="3%" valign="top">

</font>

    <font size="2">&#9633;</font></td>
    <td width="187%" valign="top"><font size="2" face="Times New Roman">
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
&nbsp;</font></td>
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    <td width="5%" valign="top">&nbsp;</td>
    <td width="3%" valign="top">

    <font size="2" font face="Times New Roman">&#9633;</font></td>
    <td width="187%" valign="top"><font size="2" face="Times New Roman">
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
&nbsp;</font></td>
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    <td width="5%" valign="top">&nbsp;</td>
    <td width="3%" valign="top">

    <font size="2" font face="Times New Roman">&#9633;</font></td>
    <td width="187%" valign="top"><font size="2" face="Times New Roman">
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR
  240.14d-2(b))<br>
&nbsp;</font></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="3%" valign="top">

    <font size="2" font face="Times New Roman">&#9633;</font></td>
    <td width="187%" valign="top"><font size="2" face="Times New Roman">
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR
  240.13e-4(c))</font></td>
  </tr>
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    <font size="2" font face="Times New Roman">
<P ALIGN="CENTER" style="margin-top: 0; margin-bottom: 0">&nbsp;</P>
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<br>
&nbsp;</P>
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<P ALIGN="CENTER">&nbsp;</P>




<p class=MsoNormal><b>Section
1 - Registrant's Business and Operations</b></p>

<p class=MsoNormal><i>Item
1.01&nbsp; Entry into a Material Definitive Agreement </i></p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in'>On March 28, 2005, the Compensation and Benefits Committee
(the &quot;Committee&quot;) of the Board of Directors of Electronic Data Systems
Corporation (&quot;EDS&quot;) approved a new long-term
incentive compensation strategy for its leadership team that limits the use of
annual stock option grants.&nbsp; Beginning with the 2005 award, EDS will make
annual grants of performance-vesting restricted stock units (&quot;Performance
RSUs&quot;) as well as stock options to its executive officers (excluding the Chief
Executive Officer of A.T. Kearney).&nbsp; For members of EDS' leadership team, other
than executive officers, annual grants of Performance RSUs will replace the use
of annual stock option grants. This new long-term incentive compensation
strategy reflects input from EDS' shareholders and is intended to establish a
more meaningful link between creating sustainable share value and rewarding
those instrumental in creating that value. </p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in'>The number of Performance RSUs that vest
will depend on EDS' financial performance over a three-year period.&nbsp; For the
2005 Performance RSU award, vesting will occur after the completion of the
performance period that began on January
 1, 2005 and will end on December 31, 2007.&nbsp; Performance will be measured based on
EDS' operating margin, net asset utilization and organic revenue growth during
the performance period relative to pre-established targets.&nbsp; Depending on EDS'
results against those targets, the actual number of Performance RSUs that may
vest can increase to up to 200% of the target number awarded.&nbsp; For Performance
RSUs granted to EDS' leadership team other than executive officers, no less
than 50% of the target number of Performance RSUs awarded will vest, subject to
continued employment through the vesting date.&nbsp; Performance RSUs granted to
executive officers, however, will not have the 50% minimum vesting provision.
Half of the Performance RSUs that vest will be subject to a holding period of
one year.</p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in'>Stock options granted to executive
officers will vest 100% on the three-year anniversary of the date of grant and
will have a term of seven years from the date of grant.&nbsp; Once vested, stock
options may not be exercised through a &quot;cashless exercise&quot; during the
twelve-month period following the vesting date.&nbsp; In addition, stock issued upon
an exercise of an option within the twelve-month period following the vesting
date will be subject to a holding period of one year from the date of
exercise.&nbsp; </p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in'>The 2005 long-term incentive award will
be made effective March 31,
 2005 to approximately 1,500
persons on the EDS leadership team globally. EDS expects to continue to grant
Performance RSUs annually, with each subsequent grant tied to specific
performance targets for the three-year performance period commencing with the
year in which the award is granted. </p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in;text-autospace:
none'>On March 28, 2005, the
Committee authorized the following grants of Performance RSUs and stock
options, to be effective March 31, 2005, to the executive officers listed in
the Summary Compensation Table in EDS' most recent proxy statement: Michael H. Jordan
- 250,000 Performance RSUs and 550,000 stock options; Jeffrey M. Heller -
83,000 Performance RSUs and 188,000 stock options; Charles S. Feld - 44,000
Performance RSUs and 99,000 stock options; Robert H. Swan - 33,000 Performance
RSUs and 75,000 stock options; and Stephen F. Schuckenbrock - 38,000
Performance RSUs and 85,000 stock options.&nbsp; All Performance RSUs and stock
options will be awarded under the Amended and Restated 2003 Incentive Plan of
Electronic Data Systems Corporation.&nbsp; </p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in;text-autospace:
none'>Under the terms of Mr.
Jordan's 2005 Performance RSU award, if he retires with Board of Director
consent or his employment is terminated without &quot;cause&quot;, and at that time the
Board has appointed a successor Chief Executive Officer, his award will be
earned and the final number of units that vest
will be determined in the first quarter of 2008 based on EDS' performance
during the 2005-2007 performance period.&nbsp; If Mr. Jordan retires with Board of
Director consent or his employment is terminated without &quot;cause&quot; and a
successor Chief Executive Officer has not been appointed at that time, a pro
rata portion (based on service during the performance period) of his Performance
RSU award will be earned, with the final number of Performance RSUs that vest
to be determined in the first quarter of 2008 based on EDS' performance during
the 2005-2007 performance period.&nbsp; Mr. Heller's Performance RSU award provides
for similar terms, including such provisions related to the appointment of a
successor Chief Executive Officer.&nbsp;&nbsp; </p>

<p class=MsoNormal style='text-align:center;text-autospace:
none'>2</p>

<hr>

<p class=MsoNormal style='text-align:justify;text-indent:.5in;text-autospace:
none'>&nbsp;</p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in;text-autospace:
none'>Under the terms of Mr.
Jordan's 2005 stock option award, if he retires with Board of Director consent
or his employment is terminated without &quot;cause&quot;, and at that time the Board has
appointed a successor Chief Executive Officer, his award will immediately vest
and be exercisable for the remaining term, provided that only one-third may be
exercised on or after the date of termination and one-third on or after each of
the one-year and two-year anniversaries of the date of termination.&nbsp; If Mr.
Jordan retires with Board of Director consent or his employment is terminated
without cause and a successor Chief Executive Officer has not been appointed, a
pro rata portion (based on service from the date of grant) of his stock option
award will immediately vest and be exercisable for two years.&nbsp; Mr. Heller's
stock option award provides for similar terms, including such provisions
related to the appointment of a successor Chief Executive Officer.&nbsp;&nbsp; </p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in;text-autospace:
none'>In the event of a change of
control of EDS prior to vesting, all Performance RSUs (other than those held by
Messrs. Jordan or Heller) will be deemed to be immediately earned, without
regard to the performance targets, with the number of Performance RSUs earned
equal to the greater of (i) the Performance RSU target award or (ii) an amount
determined by the Committee in connection with the change in control not to
exceed 200% of the Performance RSU target award, subject to the holder's
continued employment through the performance period (unless the holder is
terminated without cause or retires after age 62).&nbsp; In such change of control
event, the Performance RSUs held by Messrs. Jordan and Heller will be deemed to
be immediately earned and vested without any further service requirement, with
the number of Performance RSUs earned and vested equal to the Performance RSU
target award.&nbsp; In addition, in such change of control event the unvested stock
options awarded to Messrs. Jordan and Heller will vest and be exercisable
for the shorter of the one-year period commencing on the date of the change of
control or the period ending on the seventh anniversary of the date of grant (without regard to the restrictions on
exercise described above). For
purposes of the foregoing provisions, a
&quot;change of control&quot; generally includes the occurrence of any of the following:
(i) any person, other than exempt persons, becomes a beneficial owner of more
than 50% of EDS' voting stock; (ii) a change in a majority of the Board, unless
approved by a majority of the incumbent board members; (iii) the approval by
shareholders of a reorganization, merger or consolidation in which (x) existing
EDS shareholders would not own more than 50% of the common stock and voting
stock of the resulting company, (y) a person would own 50% or more of the
common or voting stock of the resulting company or (z) less than a majority of
the board of the resulting company would consist of the then incumbent members
of the EDS Board; or (iv) the approval by shareholders of a liquidation or
dissolution of EDS, except as part of a plan involving a sale to a company of
which following such transaction (x) more than 50% of the common stock and
voting stock would be owned by existing EDS shareholders, (y) no person (other
than exempt persons) would own more than 50% of the common stock or voting
stock of such company and (z) at least a majority of its board of directors
would consist of the then incumbent members of the EDS Board.&nbsp; The terms of any
Change of Control Employment Agreement EDS may have entered into with a holder
of Performance RSUs will not apply to the Performance RSU award.</p>

<p class=MsoNormal style='text-align:justify;text-indent:.5in;text-autospace:
none'>The Performance RSU Award Agreement
and Stock Option Award Agreement for each of Mr. Jordan and Mr. Heller, and the
forms of Performance RSU Award Agreement and Stock Option Award Agreement for
EDS' other executive officers, are filed as exhibits to this Form 8-K and are
incorporated herein by reference.</p>

<pre style='text-align:justify'><font face="Times New Roman"><b>Section 9 - Financial Statements and Exhibits</b></font></pre>

<p class=MsoNormal style='text-align:justify'><i>Item 9.01&nbsp;&nbsp; Financial Statements and Exhibits&nbsp; </i></p>

<p class=MsoNormal style='text-align:justify'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The
following exhibits are furnished as part of this Current Report on Form 8-K:</p>

<div align="left">
  <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse" bordercolor="#111111" width="104%" id="AutoNumber3">
    <tr>
      <td width="12%" valign="top">
    <font size="2" font face="Times New Roman">

<p class=MsoNormal style='margin-left:1.0in;text-indent:
-.5in; margin-top:0; margin-bottom:0'>10.1.</p>

</font>

      </td>
      <td width="91%" valign="top">
      <p style="margin-top: 0; margin-bottom: 0">
    <font size="2" font face="Times New Roman">
      Form of 2005 Performance RSU Award Agreement for executive officers (other
      than Michael H. Jordan and Jeffrey M. Heller).<br>
&nbsp;</font></td>
    </tr>
    <tr>
      <td width="12%" valign="top">
    <font size="2" font face="Times New Roman">

<p class=MsoNormal style='margin-left:1.0in;text-align:justify;text-indent:
-.5in; margin-top:0; margin-bottom:0'>10.2.</p>

</font>

      </td>
      <td width="91%" valign="top">
      <p style="margin-top: 0; margin-bottom: 0">
    <font size="2" font face="Times New Roman">
      2005 Performance RSU Award Agreement for Michael H. Jordan.<br>
&nbsp;</font></td>
    </tr>
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      <td width="12%" valign="top">
    <font size="2" font face="Times New Roman">

<p class=MsoNormal style='margin-left:1.0in;text-align:justify;text-indent:
-.5in; margin-top:0; margin-bottom:0'>10.3.</p>

</font>

      </td>
      <td width="91%" valign="top">
      <p style="margin-top: 0; margin-bottom: 0">
    <font size="2" font face="Times New Roman">
      2005 Performance RSU Award Agreement for Jeffrey M. Heller.<br>
&nbsp;</font></td>
    </tr>
    <tr>
      <td width="12%" valign="top">
    <font size="2" font face="Times New Roman">

<p class=MsoNormal style='margin-left:1.0in;text-align:justify;text-indent:
-.5in; margin-top:0; margin-bottom:0'>10.4.</p>

</font>

      </td>
      <td width="91%" valign="top">
      <p style="margin-top: 0; margin-bottom: 0">
    <font size="2" font face="Times New Roman">
      Form of 2005 Stock Option Award Agreement for executive officers (other
      than Michael H. Jordan and Jeffrey M. Heller).<br>
&nbsp;</font></td>
    </tr>
    <tr>
      <td width="12%" valign="top">
    <font size="2" font face="Times New Roman">

<p class=MsoNormal style='margin-left:1.0in;text-align:justify;text-indent:
-.5in; margin-top:0; margin-bottom:0'>10.5.</p>

</font>

      </td>
      <td width="91%" valign="top">
      <p style="margin-top: 0; margin-bottom: 0">
    <font size="2" font face="Times New Roman">
      2005 Stock Option Award Agreement for Michael H. Jordan.<br>
&nbsp;</font></td>
    </tr>
    <tr>
      <td width="12%" valign="top">
    <font size="2" font face="Times New Roman">

<p class=MsoNormal style='margin-left:1.0in;text-align:justify;text-indent:
-.5in; margin-top:0; margin-bottom:0'>10.6.</p>



</font>

      </td>
      <td width="91%" valign="top">
      <p style="margin-top: 0; margin-bottom: 0">
    <font size="2" font face="Times New Roman">
      2005 Stock Option Award Agreement for Jeffrey M. Heller.<br>
&nbsp;</font></td>
    </tr>
  </table>
</div>





<p class=MsoNormal>&nbsp;</p>







<p class=MsoNormal style='text-autospace:none'>&nbsp;</p>













<P ALIGN="JUSTIFY">&nbsp;</P>

<p ALIGN="center">3</p>

<hr color="#0000FF">

<P ALIGN="JUSTIFY">&nbsp;</P>

<P ALIGN="CENTER">SIGNATURES</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="justify" style="margin-top: 0; margin-bottom: 0; text-indent:0.5in">&#9;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.<br>
&nbsp;</P>
<P style="margin-top: 0; margin-bottom: 0">&#9;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ELECTRONIC DATA SYSTEMS &#9;CORPORATION</P>

<P>&nbsp;</P>
<P style="margin-top: 0; margin-bottom: 0">April 1, 2005&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; &nbsp; &nbsp;&nbsp; &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:<U>&nbsp;&nbsp; &#9;/S/
BRUCE N. HAWTHORNE&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;&#9;&#9;</P>
</U><P style="margin-top: 0; margin-bottom: 0">&#9;&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Bruce N. Hawthorne, Executive Vice<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &#9;&#9;President and
Secretary</P>

<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P align="center">4</P>

<P align="center">&nbsp;</P>

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{"company-data": {"conformed-name": "ELECTRONIC DATA SYSTEMS CORP /DE/", "cik": "0001007456", "assigned-sic": "7370", "irs-number": "752548221", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-11779", "film-number": "05723450"}, "business-address": {"street1": "5400 LEGACY DRIVE", "street2": "H3-3A-05", "city": "PLANO", "state": "TX", "zip": "75024", "phone": "9726046000"}, "mail-address": {"street1": "5400 LEGACY DRIVE", "street2": "H3-3A-05", "city": "PLANO", "state": "TX", "zip": "75024"}, "former-company": {"former-conformed-name": "ELECTRONIC DATA SYSTEMS HOLDING CORP", "date-changed": "19960208"}}
UNITED STATES
SECURITIES AND
  EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported):
March 28, 2005
Electronic Data Systems Corporation
(Exact Name of Registrant as Specified in
Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
01-11779
75-2548221
(Commission
      File Number)
(IRS Employer
      Identification No.)
5400 Legacy Drive,
      Plano, Texas
75024
(Address of Principal Executive Offices)
(Zip
      Code)
(972) 604-6000
(Registrant's Telephone
Number, Including Area Code)
(Former Name or Former
Address, if Changed Since Last Report)
Check
  the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of
  the following provisions (
see
General Instruction A.2. below):
□
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
□
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
□
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR
  240.14d-2(b))
□
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR
  240.13e-4(c))
Section
1 - Registrant's Business and Operations
Item
1.01  Entry into a Material Definitive Agreement
On March 28, 2005, the Compensation and Benefits Committee
(the "Committee") of the Board of Directors of Electronic Data Systems
Corporation ("EDS") approved a new long-term
incentive compensation strategy for its leadership team that limits the use of
annual stock option grants.  Beginning with the 2005 award, EDS will make
annual grants of performance-vesting restricted stock units ("Performance
RSUs") as well as stock options to its executive officers (excluding the Chief
Executive Officer of A.T. Kearney).  For members of EDS' leadership team, other
than executive officers, annual grants of Performance RSUs will replace the use
of annual stock option grants. This new long-term incentive compensation
strategy reflects input from EDS' shareholders and is intended to establish a
more meaningful link between creating sustainable share value and rewarding
those instrumental in creating that value.
The number of Performance RSUs that vest
will depend on EDS' financial performance over a three-year period.  For the
2005 Performance RSU award, vesting will occur after the completion of the
performance period that began on January
 1, 2005 and will end on December 31, 2007.  Performance will be measured based on
EDS' operating margin, net asset utilization and organic revenue growth during
the performance period relative to pre-established targets.  Depending on EDS'
results against those targets, the actual number of Performance RSUs that may
vest can increase to up to 200% of the target number awarded.  For Performance
RSUs granted to EDS' leadership team other than executive officers, no less
than 50% of the target number of Performance RSUs awarded will vest, subject to
continued employment through the vesting date.  Performance RSUs granted to
executive officers, however, will not have the 50% minimum vesting provision.
Half of the Performance RSUs that vest will be subject to a holding period of
one year.
Stock options granted to executive
officers will vest 100% on the three-year anniversary of the date of grant and
will have a term of seven years from the date of grant.  Once vested, stock
options may not be exercised through a "cashless exercise" during the
twelve-month period following the vesting date.  In addition, stock issued upon
an exercise of an option within the twelve-month period following the vesting
date will be subject to a holding period of one year from the date of
exercise.
The 2005 long-term incentive award will
be made effective March 31,
 2005 to approximately 1,500
persons on the EDS leadership team globally. EDS expects to continue to grant
Performance RSUs annually, with each subsequent grant tied to specific
performance targets for the three-year performance period commencing with the
year in which the award is granted.
On March 28, 2005, the
Committee authorized the following grants of Performance RSUs and stock
options, to be effective March 31, 2005, to the executive officers listed in
the Summary Compensation Table in EDS' most recent proxy statement: Michael H. Jordan
- 250,000 Performance RSUs and 550,000 stock options; Jeffrey M. Heller -
83,000 Performance RSUs and 188,000 stock options; Charles S. Feld - 44,000
Performance RSUs and 99,000 stock options; Robert H. Swan - 33,000 Performance
RSUs and 75,000 stock options; and Stephen F. Schuckenbrock - 38,000
Performance RSUs and 85,000 stock options.  All Performance RSUs and stock
options will be awarded under the Amended and Restated 2003 Incentive Plan of
Electronic Data Systems Corporation.
Under the terms of Mr.
Jordan's 2005 Performance RSU award, if he retires with Board of Director
consent or his employment is terminated without "cause", and at that time the
Board has appointed a successor Chief Executive Officer, his award will be
earned and the final number of units that vest
will be determined in the first quarter of 2008 based on EDS' performance
during the 2005-2007 performance period.  If Mr. Jordan retires with Board of
Director consent or his employment is terminated without "cause" and a
successor Chief Executive Officer has not been appointed at that time, a pro
rata portion (based on service during the performance period) of his Performance
RSU award will be earned, with the final number of Performance RSUs that vest
to be determined in the first quarter of 2008 based on EDS' performance during
the 2005-2007 performance period.  Mr. Heller's Performance RSU award provides
for similar terms, including such provisions related to the appointment of a
successor Chief Executive Officer.
2
Under the terms of Mr.
Jordan's 2005 stock option award, if he retires with Board of Director consent
or his employment is terminated without "cause", and at that time the Board has
appointed a successor Chief Executive Officer, his award will immediately vest
and be exercisable for the remaining term, provided that only one-third may be
exercised on or after the date of termination and one-third on or after each of
the one-year and two-year anniversaries of the date of termination.  If Mr.
Jordan retires with Board of Director consent or his employment is terminated
without cause and a successor Chief Executive Officer has not been appointed, a
pro rata portion (based on service from the date of grant) of his stock option
award will immediately vest and be exercisable for two years.  Mr. Heller's
stock option award provides for similar terms, including such provisions
related to the appointment of a successor Chief Executive Officer.
In the event of a change of
control of EDS prior to vesting, all Performance RSUs (other than those held by
Messrs. Jordan or Heller) will be deemed to be immediately earned, without
regard to the performance targets, with the number of Performance RSUs earned
equal to the greater of (i) the Performance RSU target award or (ii) an amount
determined by the Committee in connection with the change in control not to
exceed 200% of the Performance RSU target award, subject to the holder's
continued employment through the performance period (unless the holder is
terminated without cause or retires after age 62).  In such change of control
event, the Performance RSUs held by Messrs. Jordan and Heller will be deemed to
be immediately earned and vested without any further service requirement, with
the number of Performance RSUs earned and vested equal to the Performance RSU
target award.  In addition, in such change of control event the unvested stock
options awarded to Messrs. Jordan and Heller will vest and be exercisable
for the shorter of the one-year period commencing on the date of the change of
control or the period ending on the seventh anniversary of the date of grant (without regard to the restrictions on
exercise described above). For
purposes of the foregoing provisions, a
"change of control" generally includes the occurrence of any of the following:
(i) any person, other than exempt persons, becomes a beneficial owner of more
than 50% of EDS' voting stock; (ii) a change in a majority of the Board, unless
approved by a majority of the incumbent board members; (iii) the approval by
shareholders of a reorganization, merger or consolidation in which (x) existing
EDS shareholders would not own more than 50% of the common stock and voting
stock of the resulting company, (y) a person would own 50% or more of the
common or voting stock of the resulting company or (z) less than a majority of
the board of the resulting company would consist of the then incumbent members
of the EDS Board; or (iv) the approval by shareholders of a liquidation or
dissolution of EDS, except as part of a plan involving a sale to a company of
which following such transaction (x) more than 50% of the common stock and
voting stock would be owned by existing EDS shareholders, (y) no person (other
than exempt persons) would own more than 50% of the common stock or voting
stock of such company and (z) at least a majority of its board of directors
would consist of the then incumbent members of the EDS Board.  The terms of any
Change of Control Employment Agreement EDS may have entered into with a holder
of Performance RSUs will not apply to the Performance RSU award.
The Performance RSU Award Agreement
and Stock Option Award Agreement for each of Mr. Jordan and Mr. Heller, and the
forms of Performance RSU Award Agreement and Stock Option Award Agreement for
EDS' other executive officers, are filed as exhibits to this Form 8-K and are
incorporated herein by reference.
Section 9 - Financial Statements and Exhibits
Item 9.01   Financial Statements and Exhibits
(c)           The
following exhibits are furnished as part of this Current Report on Form 8-K:
10.1.
Form of 2005 Performance RSU Award Agreement for executive officers (other
      than Michael H. Jordan and Jeffrey M. Heller).
10.2.
2005 Performance RSU Award Agreement for Michael H. Jordan.
10.3.
2005 Performance RSU Award Agreement for Jeffrey M. Heller.
10.4.
Form of 2005 Stock Option Award Agreement for executive officers (other
      than Michael H. Jordan and Jeffrey M. Heller).
10.5.
2005 Stock Option Award Agreement for Michael H. Jordan.
10.6.
2005 Stock Option Award Agreement for Jeffrey M. Heller.
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ELECTRONIC DATA SYSTEMS 	CORPORATION
April 1, 2005                                                                                                             By:
/S/
BRUCE N. HAWTHORNE
Bruce N. Hawthorne, Executive Vice
President and
Secretary
4