Filed pursuant to Rule 424(b)(3) Registration No. 333-59355 Prospectus Supplement No. 7 (To Prospectus Dated August 10, 1998 and Prospectus Supplement No. 6 Dated September 21, 1998) $1,012,198,000 XEROX CORPORATION CONVERTIBLE SUBORDINATED DEBENTURES DUE 2018 The information contained under the heading "Selling Security Holders" in the Prospectus dated August 10, 1998 ("Prospectus"), as supplemented by Prospectus Supplement No. 6 Dated September 21, 1998 ("Supplement No. 6"), relating to $1,012,198,000 aggregate principal amount at maturity of Convertible Subordinated Debentures due 2018 ("Debentures") of Xerox Corporation (the "Company"), and such indeterminate number of shares of Common Stock, par value $1.00 per share, of the Company as may be issuable upon the conversion of the Debentures, that may be offered and sold from time to time by the several holders thereof ("Selling Holders") is hereby amended and supplemented as follows: PRINCIPAL AMOUNT AT PRINCIPAL AMOUNT AT MATURITY OF DEBENTURES MATURITY OF DEBENTURES PREVIOUSLY SPECIFIED IN BENEFICIALLY OWNED AND THE PROSPECTUS AND SELLING HOLDER THAT MAY BE OFFERED HEREBY SUPPLEMENT NO. 6 - -------------- -------------------------- ---------------------- - -- (In U.S. Dollars) Deutsche Bank Securities Inc. (1) . . . . . . . 14,800,000 10,800,000 - ------------------------------ (1) Deutsche Bank Securities Inc. and affiliates have engaged, and may in the future engage, in commercial banking transactions, which include or may include foreign exchange, lending, credit and other financial transactions, with the Company and its affiliates. The date of this Prospectus Supplement is September 22, 1998.