Reconciliation of Consolidated Net Income
and Stockholders' Equity to U.S. GAAP

DM amounts in millions	1. half 1995	1. half 1994
Consolidated Net Income (Loss) in Accordance with German GAAP	(1,567)	462
+/- Changes in Appropriated Retained Earnings:    Provisions, Reserves and Valuation Differences	251	407
	(1,316)	869
Additional Adjustments
+/- Long-Term Contracts	4	72
Goodwill and Business Acquisitions	(307)	(354)
Deconsolidation of Mercedes-Benz Leasing KG	167	(652)
Pensions and Other Postretirement Benefits	(2)	(120)
Foreign Currency Translation	90	(24)
Financial Instruments	325	592
Securities	97	(345)
Other Valuation Differences	(158)	109
Deferred Taxes	(473)	44
Consolidated Net Income (Loss) in Accordance with U.S. GAAP before Cumulative Effect of a Change in Accounting Principles	(1,573)	191
Cumulative Effect of Change in Accounting for Certain Investments in Debt and Equity Securities as of January 1, 1994 (Net of Tax of 235 million DM)	0	178
Consolidated Net Income (Loss) in Accordance with U.S. GAAP	(1,573)	369
Earnings (Loss) per Share in Accordance with U.S. GAAP	DM (30.66)	DM 7.82
Earnings (Loss) per ADS1) in Accordance with U.S. GAAP	DM (3.07)	DM 0.78
	6/30/95	12/31/94
Stockholders' Equity in Accordance with German GAAP	17,278	20,251
+/- Appropriated Retained Earnings:    Provisions, Reserves and Valuation Differences	6,503	6,205
	23,781	26,456
Additional Adjustments
+/- Long-Term Contracts	265	262
Goodwill and Business Acquisitions	1,335	1,978
Deconsolidation of Mercedes-Benz Leasing KG	(485)	(652)
Pensions and Other Postretirement Benefits	(2,255)	(2,250)
Foreign Currency Translation	153	63
Financial Instruments	1,335	1,013
Securities	129	27
Other Valuation Differences	(637)	(336)
Deferred Taxes	2,948	2,874
Stockholders' Equity in Accordance with U.S. GAAP	26,569	29,435

1)American Depositary Share: corresponds to one tenth of an ordinary share of 50 DM par value

Consolidated Interim Report
Half-Year Financial Statements