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GMAC REDEEMS 8 PERCENT DEBENTURES DUE JULY 15, 2007

 DETROIT, Oct. 1 /PRNewswire/ -- General Motors Acceptance Corporation (GMAC) announced today that it will exercise its option to redeem on Nov. 1, 1993, all of its outstanding 8 percent Debentures due to mature July 15, 2007. The Debentures will be redeemed at 102.55 percent of their principal amount plus accrued interest.
 The Debentures were sold in July 1977 in the principal amount of $200 million, all of which are presently outstanding.
 The Debentures may be presented and surrendered for payment to Morgan Guaranty Trust Company of New York, Corporate Trust Operations Department, Tellers and Mail Unit, 55 Exchange Place, Basement A, New York, NY 10260-0023. Interest on the Debentures will cease to accrue on and after Nov. 1, 1993.
 -0- 10/1/93
 /CONTACT: Chris Rutkowski of GMAC, 313-974-1223/
 (GM)


CO: General Motors Acceptance Corporation ST: Michigan IN: FIN AUT SU:

JG -- DE026 -- 7906 10/01/93 15:46 EDT
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Publication:PR Newswire
Date:Oct 1, 1993
Words:151
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