Pricing Supplement Dated October 18, 1996 Rule 424(b)(3)
(To Prospectus Dated October 20, 1995) File No. 33-63463
GENERAL MOTORS ACCEPTANCE CORPORATION
Medium-Term Notes - Floating Rate
____________________________________________________________________________
Agent: NA
Principal Amount: $25,000,000
Agent's Discount
or Commission: NA
Net Proceeds to Company: $25,000,000
Initial Interest Rate: 5.48734
Issue Date: 10/22/96
Maturity Date: 10/22/98
____________________________________________________________________________
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 January 22, April 22, July 22, and October 22,
commencing January 22, 1997 and ending October 22,
1998.
Interest Payment Dates: Each January 22, April 22, July 22, and October 22,
commencing January 22, 1997 and ending October 22,
1998.
Index Maturity: 3 months
Spread (+/-): -0.04%
Day Count Convention:
/X/ Actual/360 for the period from 10/22/96 to 10/22/98
/ / 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:
/ / The Notes cannot be repaid prior to the Maturity Date.
/X/ The Notes can be repaid at par plus accrued interest, if any, each
January 22, April 22, July 22, and October 22, prior to the Maturity
Date upon 30-days prior written notice to the Company.
/ / 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
