GENERAL MOTORS ACCEPTANCE CORP
424B3, 1998-10-29
PERSONAL CREDIT INSTITUTIONS
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Pricing Supplement Dated October 27,1998                        Rule 424(b)(3)
(To Prospectus Dated July 29, 1998)                         File No. 333-59551

                     GENERAL MOTORS ACCEPTANCE CORPORATION
                       Medium-Term Notes - Floating Rate
______________________________________________________________________________
Agent:                       Bear Stearns & Co., Inc.
Principal Amount:            $100,000,000
Agent's Discount
  or Commission:             $250,000
Net Proceeds to Company:     $99,750,000
Initial Interest Rate:       Reset on the Issue Date (also an Interest
                             Reset Date).
Issue Date:                  10/30/98
Maturity Date:               10/30/01
______________________________________________________________________________
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, and October 30. 
                        The first interest reset date will be 
                        October 30, 1998.  The final reset date will be 
                        July 30, 2001.
Interest Payment Dates: Each January 30, April 30, July 30, and October 30
                        commencing April 30, 1999 and ending 
                        October 30, 2001.
Index Maturity:         3 Months
Spread (+/-):           +.46%

Day Count Convention:
      /X/ Actual/360 for the period from  10/30/98 to 10/30/01   
      / / 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
Other: /X/  Principal               / /  Agent

 



 

 





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