Visteon Corp.'s $562 million pension fund is expected to be 64% funded for the fiscal year ended Sept. 30, down from 66% a year earlier, based on preliminary numbers, according to a spokesman for the Dearborn, Mich., company. Visteon assumed a 9% return on pension assets for fiscal 2003, down from 9.5% a year earlier. Dan Coulson, CFO, told securities analysts and investors in a conference call today that the pension fund returned about 20% for fiscal 2003, but a drop in the interest rate used to measure liabilities offset the higher returns on assets. The company expects to lower the discount rate on liabilities to 6.25% for fiscal 2004, from 6.75% in 2003, Mr. Coulson said. "On balance, the funded status is slightly less than a year ago," he said.