Pricing Supplement Dated October 23, 1997 Rule 424(b)(3)
(To Prospectus Dated December 19, 1996) File No. 333-17943
GENERAL MOTORS ACCEPTANCE CORPORATION
Medium-Term Notes - Floating Rate
____________________________________________________________________________
Agent: Merrill Lynch & Co.
Principal Amount: $150,000,000
Agent's Discount
or Commission: $375,000
Net Proceeds to Company: $149,625,000
Initial Interest Rate: Reset on the Issue Date (also an Interest
Reset Date).
Issue Date: 10/28/97
Maturity Date: 10/30/00
____________________________________________________________________________
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 30, April 30, July 30, October 30.
The first interest reset date will be
October 28, 1997. The final reset date will be
July 30, 2000.
Interest Payment Dates: Each January 30, April 30, July 30, October 30,
commencing January 30, 1998 and ending
October 30, 2000.
Index Maturity: 3 Months
Spread (+/-): +0.0%
Day Count Convention:
/X/ Actual/360 for the period from 10/28/97 to 10/30/2000
/ / 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. (See Below)
/ / 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
