GENERAL MOTORS ACCEPTANCE CORP
424B3, 2000-12-20
PERSONAL CREDIT INSTITUTIONS
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Pricing Supplement Dated December 15,2000                         Rule 424(b)(3)
(To Prospectus Dated March 3, 2000)                           File No. 333-31166

                     GENERAL MOTORS ACCEPTANCE CORPORATION

                       Medium-Term Notes - Floating Rate

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Agent:                       Merrill Lynch & Co.
Principal Amount:            $50,000,000.00
Agent's Discount

  or Commission:             $47,000.00
Net Proceeds to Company:     $49,953,000.00

Initial Interest Rate:       Reset on the Issue Date (also an Interest
                                  Reset Date).

Issue Date:                  12/20/00
Maturity Date:               12/20/02

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Calculation Agent:  GMAC
Interest Calculation:

      /X/  Regular Floating Rate Note

      Interest Rate Basis: / / CD Rate             / / Commercial Paper Rate
                           / / Prime Rate          /X/ Federal Funds Rate
                           / / LIBOR (see below)   / / Treasury Rate
                           / / Other

                                 (see attached)

      If LIBOR, Designated LIBOR Page / / Reuters Page: / / or
        / / Telerate Page: 3750

Interest Reset Dates:   Each Business Day to but excluding Maturity Date,
                        commencing December 20, 2000.

Interest Payment Dates: Each Mar 20,  Jun 20,  Sept 20,  Dec 20
                        commencing Mar 20, 2001 and ending Dec 20, 2002.

Index Maturity:         1 Day
Spread (+/-):           +.48%

Day Count Convention:

       /X/ Actual/360 for the period from 12/20/00 to 12/20/02
       / / 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


                                   OTHER TERMS

     The Interest  Determination  Date with respect to each Interest  Reset Date
will be the Business Day  immediately  preceding  such Interest  Reset Date. The
Federal  Funds  Rate  for  each  Interest  Period  will  be  determined  by  the
Calculation   Agent  (as  defined  below)  in  accordance   with  the  following
provisions.

     Interest  payable  on the Notes  will  include  interest  accrued  from and
including the Issue Date or from and including the last Interest Payment Date to
which interest has been paid to, but  excluding,  the next  succeeding  Interest
Payment Date, or Maturity Date, as the case may be.

     All calculations  made by the Calculation  Agent in the absence of manifest
error shall be  conclusive  for all  purposes and binding on the Company and the
holders of the Notes.


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