GENERAL MOTORS ACCEPTANCE CORP
424B3, 1994-06-27
PERSONAL CREDIT INSTITUTIONS
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Pricing Supplement Dated June 20, 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:                    Morgan Stanley
Principal Amount:             $75,000,000
Agent's Discount
  or Commission:              $131,250
Net Proceeds to Company:  $74,868,750
Initial Interest Rate:        Determined as if Issue Date were an Interest
                          Reset Date.
Issue Date:                   6/27/94
Maturity Date:                6/27/96
____________________________________________________________________________

Calculation Agent:  GMAC

Interest Calculation:
  /X/  Regular Floating Rate Note
  

  Interest Rate Basis:    / / CD Rate        / / Commercial Paper Rate
                          / / Prime Rate            / / Federal Funds Rate
                          /X/ LIBOR (see below)     / / Treasury Rate
                          / / Other   
                                (see attached)          
                                                      

  If LIBOR, Designated LIBOR Page / / Reuters Page: / / or 
     /X/ Telerate Page: 3750
              

Interest Reset Dates:     Each March 27, June 27, September 27, December 27
                          commencing June 27, 1994 and ending March 27, 1996
Interest Payment Dates:   Each March 27, June 27, September 27, December 27
                          commencing September 27, 1994.  The Final Interest
                          Payment Date will be June 27, 1996.
Index Maturity:           3 Months
Spread (+/-):       +.25%

Day Count Convention:
  /X/ Actual/360 for the period from  6/27/94 to 6/27/96   
  / / Actual/Actual for the period from  / /   to  / /  
  / / 30/360 for the period from  / /   to  / /  

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


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