Pricing Supplement Dated December 2, 1998 Rule 424(b)(3)
(To Prospectus Dated July 29, 1998) File No. 333-59551
GENERAL MOTORS ACCEPTANCE CORPORATION
Medium-Term Notes - Fixed Rate
____________________________________________________________________________
Agents: Bear Stearns & Co. Inc., Lehman Brothers Inc.,
Merrill Lynch & Co., J.P. Morgan Securities Inc.,
Morgan Stanley, Salomon Smith Barney., and
Warburg Dillon Read
Principal Amount: $336,500,000
Agent's Discount
or Commission: $841,250
Net Proceeds to Company: $335,658,750
Interest Rate: 5.35% per annum
Issue Date: 12/07/98
Maturity Date: 12/07/01
Interest Payment Dates: The 1st day of each April and October and at
Maturity, commencing April 1, 1999 and
ending on the Maturity Date.
____________________________________________________________________________
Calculation Agent: GMAC
Interest Calculation:
/X/ Regular Fixed Rate Note
Day Count Convention:
/ / Actual/360 for the period from / / to / /
/ / Actual/Actual for the period from / / to / /
/X/ 30/360 for the period from 12/07/98 to 12/07/01
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
