Pricing Supplement Dated February 24, 1994 Rule 424(b)(3)
(To Prospectus Dated December 15, 1993) File No. 33-51381
GENERAL MOTORS ACCEPTANCE CORPORATION
Medium-Term Notes - Floating Rate
____________________________________________________________________________
Agent: J.P. Morgan Securities Inc.
Principal Amount: $25,000,000
Agent's Discount
or Commission: $87,500
Net Proceeds to Company: $24,912,500
Initial Interest Rate: 4.60%
Issue Date: 3/3/94
Maturity Date: 3/3/99
____________________________________________________________________________
Calculation Agent: GMAC
Interest Calculation:
/X/ Regular Floating Rate Note
Interest Rate Basis: / / CD Rate / / Commercial Paper Rate
/ / Prime Rate / / Federal Funds Rate
/ / LIBOR (see below) /X/ Constant Maturity
/ / Other Treasury-Telerate
(see attached) Page 7059 Set 2
Business Days
Prior to Interest
Reset Date
If LIBOR, Designated LIBOR Page / / Reuters Page: / / or
/ / Telerate Page: 3750
Interest Reset Dates: Each March 3, June 3, September 3, December 3
commencing June 3, 1994 and ending December 3, 1998
Interest Payment Dates: Each March 3, June 3, September 3, December 3
commencing June 3, 1994 and ending March 3, 1999
Index Maturity: 2 Years
Spread (+/-): -.10%
Day Count Convention:
/ / Actual/360 for the period from to
/ / Actual/Actual for the period from to
/X/ 30/360 for the period from 3/3/94 to 3/3/99
Redemption:
/X/ The Notes cannot be redeemed prior to the Stated Maturity Date.
/ / The Notes may be redeemed prior to Stated Maturity Date.
/ / Initial Redemption Date:
Initial Redemption Percentage: ___%
Annual Redemption Percentage Reduction: ___% until Redemption
Percentage is 100% of the Principal Amount.
Repayment:
/X/ The Notes cannot be repaid prior to the Maturity Date.
/ / The Notes can be repaid prior to the Maturity Date at the option of
the holder of the Notes.
/ / Optional Repayment Date(s):
Repayment Price: %
Currency:
Specified Currency: U.S. (If other than U.S. dollars, see attached)
Minimum Denominations: ___________ (Applicable only if Specified
Currency is other than U.S. dollars)
Original Issue Discount: / / Yes /X/ No
Total Amount of OID: Yield to Maturity:
Initial Accrual Period:
Form: /X/ Book-Entry / / Certificated
