BANKERS TRUST CORPORATION
One Bankers Trust Plaza
New York, New York 10006
Damian P. Reitemeyer
Principal
Telephone: 212-250-4599
February 12, 1999
Securities and Exchange Commission
SEC Document Control
450 Fifth Street, N.W.
Washington, DC 20549
Attn: Filing Desk
Dear Sirs:
Re: Filing of Schedule 13G on
General Motors
Corporation - Class H
Pursuant to Rule 13d-1 of the General Rules and Regulations under
the Securities Exchange Act of 1934, the following is one copy of
the Schedule 13G with respect to the common stock of the above
referenced corporation.
Please acknowledge your receipt of the Schedule 13G filing
submission through the EDGAR-Link System software, by E-Mail
confirmation.
Sincerely,
Damian P. Reitemeyer
Enclosures
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
General Motors Corporation
_______________________________________
NAME OF ISSUER:
Common Stock - Class H (Par Value $0.10)
_______________________________________
TITLE OF CLASS OF SECURITIES
370442830
_______________________________________
CUSIP NUMBER
Check the following box if a fee is being paid with
this statement [ ]. (A fee is not required only if
the filing person: (1) has a previous statement on
file reporting beneficial ownership of more than five
percent of the class of securities described in Item
1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less
of such class.) (See Rule 13d-7.)
*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities, and
for any subsequent amendment containing information
which would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this
cover page shall not be deemed to be "filed" for the
purpose of Section 18 of the Securities Exchange Act
of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be
subject to all other provisions of the Act (however,
see the Notes).
(Continued on following page(s))
Page 1 of 9 Pages
CUSIP No. 370442830 Page 2 of 9 Pages
1.NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION
NO. OF ABOVE PERSON
Bankers Trust Corporation and its wholly-owned
subsidiary, Bankers Trust Company. 13-6180473
2.CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
*
(A) [ ]
(B) [ ]
3.SEC USE ONLY
4.CITIZENSHIP OR PLACE OF ORGANIZATION
Bankers Trust Corporation and Bankers Trust
Company are New York Corporations.
NUMBER OF 5. SOLE VOTING POWER
SHARES
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
CUSIP No. 370442830 Page 3 of 9 Pages
EACH 7. SOLE DISPOSITION POWER
REPORTING
PERSON 8. SHARED DISPOSITION POWER
WITH
9.AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
10.CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9)
EXCLUDES CERTAIN SHARES *
[ ]
CUSIP No. 370442830 Page 4 of 9 Pages
11.PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.TYPE OF REPORTING PERSON *
Bankers Trust Corporation - HC
Bankers Trust Company - BK
Item 1(a) NAME OF ISSUER:
General Motors Corporation
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL
EXECUTIVE OFFICES:
GM Building
767 Fifth Avenue
New York, NY 10153-0075
CUSIP No. 370442830 Page 5 of
9 Pages
Item 2(a) NAME OF PERSON FILING:
Bankers Trust Corporation and its wholly-
owned subsidiary, Bankers Trust Company.
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
For Bankers Trust Corporation and
Bankers
Bankers Trust Company
130 Liberty Street
New York, New York 10006
Item 2(c) CITIZENSHIP:
Bankers Trust Corporation and
Bankers Trust Company are
corporations incorporated in the
State of New York with their
principal business offices located
in New York.
CUSIP No. 370442830 Page 6 of 9 Pages
Item 2(d) TITLE OF CLASS OF SECURITIES:
Common Stock - Class H (Par Value
$0.10) of General Motors
Corporation, a Delaware corporation.
Item 2(e) CUSIP NUMBER:
370442830
Item 3 THE PERSON FILING IS A:
For Bankers Trust Corporation,
(g) [X] Parent Holding Company, in
accordance with
Section 240.13d-1(b)(ii)(G)
For Bankers Trust Company
(b) [X] Bank as defined in section
3(a)(6) of the Act.
CUSIP No. 370442830 Page 7 of 9 Pages
Item 4 OWNERSHIP:
(a) Amount Beneficially Owned:
(i)
(ii)
(b) Percent of Class:
(c) Number of shares as to which the Bank has:
(i) sole power to vote or to direct the
vote -
(ii) shared power to vote or to direct
the vote -
CUSIP No. 370442830 Page 8 of 9 Pages
(iii) sole power to dispose or to direct
the disposition of -
(iv) shared power to dispose or to direct
the disposition of -
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OFA CLASS:
If this statement is being filed
to report the fact that as of the
date hereof the reporting person
has ceased to be the beneficial
owner of more than five percent
of the class of securities, check
the following [X].
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT
ON BEHALF OF ANOTHER PERSON:
Not applicable.
Item 7 IDENTIFICATION AND CLASSIFICATION OF
THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE
PARENT HOLDING COMPANY:
See Item 3 above.
CUSIP No. 370442830 Page 9 of 9 Pages
Item 8 IDENTIFICATION AND CLASSIFICATION OF
MEMBERS OF THE GROUP:
Not applicable.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
Item 10 CERTIFICATION:
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above were
acquired and are held in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection
with or as a participant in any transaction having
such purpose or effect.
SIGNATURE:
After reasonable inquiry and to the
best of my knowledge and belief, I certify that the
information set forth in this statement is true,
complete and correct.
Date: as of December 31, 1998
Signature: Bankers Trust Corporation
By: /s/James T. Byrne, Jr.
Name: James T. Byrne, Jr.
Title: Secretary
EXHIBIT TO ITEM 7
The chain of ownership from Bankers
Trust Corporation to Bankers Trust
Company is shown below:
Bankers Trust Corporation
|
100%
|
Bankers Trust Company
