This is the pre-print version of the Article. The official published version can be accessed from the links below. Copyright @ 2003 APS We present measurements of the branching fraction and CP-violating asymmetries for neutral B decays to D*±D∓. The measurement uses a data sample of approximately 88×106 Υ(4S)→BB̅ decays collected with the BABAR detector at the SLAC PEP-II asymmetric-energy e+-e- collider. By fully reconstructing the D*±D∓ decay products, we measure the branching fraction to be (8.8±1.0±1.3)×10-4 and the time-integrated CP-violating asymmetry between the rates to D*-D+ and D*+D- to be A=-0.03±0.11±0.05. We also measure the time-dependent CP-violating asymmetry parameters to be S-+=-0.24±0.69±0.12, C-+=-0.22±0.37±0.10 for B→D*-D+ and S+-=-0.82±0.75±0.14, C+-=-0.47±0.40±0.12 for B→D*+D-. In each case, the first error is statistical and the second error is systematic. This work is supported by DOE and NSF (USA), NSERC (Canada), IHEP (China), CEA and CNRS-IN2P3 (France), BMBF and DFG (Germany), INFN (Italy), FOM (The Netherlands), NFR (Norway), MIST (Russia), and PPARC (United Kingdom). Individuals have received support from the A. P. Sloan Foundation, Research Corporation, and Alexander von Humboldt Foundation.