Pricing Supplement Dated July 07, 1999 Rule 424(b)(3)
(To Prospectus Dated April 22, 1999) File No. 333-76483
GENERAL MOTORS ACCEPTANCE CORPORATION
Medium-Term Notes - Fixed Rate
____________________________________________________________________________
Agent: Merrill Lynch
Principal Amount: $25,000,000.00
Agent's Discount
or Commission: $437,500.00
Net Proceeds to Company: $24,562,500.00
Interest Rate: 7.00% per annum
Issue Date: 07/22/99
Maturity Date: 07/22/09
Interest Payment Dates: The 22nd day of each month commencing August
23,1999 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 7/22/99 to 07/22/09
Redemption:
/ / The Notes cannot be redeemed prior to the Stated Maturity Date.
/X/ The Notes may be redeemed prior to Stated Maturity Date. (See Below)
/ / 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
The Notes will be subject to redemption at the option of the Company, in
whole, on the Interest Payment Date occurring on July 22, 2002 and each
Interest Payment date occurring in January or July thereafter at a
redemption price equal to 100% of the principal amount of the Notes upon
at least 30 days prior notice.
