UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                   FORM 8-K

              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                  THE SECURITIES AND EXCHANGE ACT OF 1934

       Date of report (Date of Earliest Event Reported:  (07-20-99)

                    GENERAL MOTORS ACCEPTANCE CORPORATION
                    -------------------------------------
              (Exact name of registrant specified in its charter)

                                    Delaware
       ------------------------------------------------------------
      (State or other jurisdiction of incorporation or organization)

          1-3754                                 38-0572512
   --------------------               ----------------------------------
  (Commission File No.)              (I.R.S. Employer Identification No.)

        3044 West Grand Boulevard, Detroit, Michigan        48202
        --------------------------------------------        -----

                                 313-556-1508
           --------------------------------------------------
          (Registrant's telephone number, including area code)



ITEM 5.  OTHER EVENTS


                       GMAC Announces 1999 Second Quarter Earnings

       ----------------------------------------------------------------------

General Motors  Acceptance  Corporation  (GMAC) reported second quarter 1999
consolidated net income of $391 million,  up 7% from $365 million earned in
the second quarter of 1998, GMAC Chairman and President John D. Finnegan
announced  today.  Net income for the first six months of 1999 was $783
million, up 10% from $714 million reported in the same period a year ago.

For the quarter,  net income from  automotive  financing  operations  of $275
million was down 5% from $288  million  earned last year because of a
significantly  lower effective  income tax rate a year ago. On a pre-tax
basis,  earnings of $464 million were up 11% from $417 million earned in the
second quarter of 1998 due to increased asset levels.

GMAC Insurance  Holdings,  Inc. generated net income of $50 million in the
second quarter of 1999, down 7% from $54 million earned last year.  Earnings
were reduced by lower underwriting results in the current quarter, partially
offset by higher capital gains.

GMAC Mortgage Group, Inc.  generated second quarter earnings of $66 million,
an increase of $43 million from last year.  Earnings were higher  primarily
due to the impact of continued  improved  liquidity in the capital markets
coupled with unusually low earnings in the second quarter of 1998, which were
negatively impacted by accelerated prepayment experience on mortgage assets.



                                  SIGNATURE

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf the
undersigned hereunto duly authorized.



                                     GENERAL MOTORS ACCEPTANCE CORPORATION
                                     -------------------------------------
                                                  (Registrant)




Dated:     July 20, 1999          By
           -------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller
[{"type": "8-K", "sequence": "1", "description": "ITEM 5 - OTHER EVENTS", "secsgml_size_bytes": 3475}]
{"company-data": {"conformed-name": "GENERAL MOTORS ACCEPTANCE CORP", "cik": "0000040729", "assigned-sic": "6141", "irs-number": "380572512", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-03754", "film-number": "99666994"}, "business-address": {"street1": "3044 W GRAND BLVD", "city": "DETROIT", "state": "MI", "zip": "48202", "phone": "3135561508"}}
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C.  20549

                                   FORM 8-K

              CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                  THE SECURITIES AND EXCHANGE ACT OF 1934

       Date of report (Date of Earliest Event Reported:  (07-20-99)

                    GENERAL MOTORS ACCEPTANCE CORPORATION
                    -------------------------------------
              (Exact name of registrant specified in its charter)

                                    Delaware
       ------------------------------------------------------------
      (State or other jurisdiction of incorporation or organization)

          1-3754                                 38-0572512
   --------------------               ----------------------------------
  (Commission File No.)              (I.R.S. Employer Identification No.)

        3044 West Grand Boulevard, Detroit, Michigan        48202
        --------------------------------------------        -----

                                 313-556-1508
           --------------------------------------------------
          (Registrant's telephone number, including area code)

ITEM 5.  OTHER EVENTS

                       GMAC Announces 1999 Second Quarter Earnings

       ----------------------------------------------------------------------

General Motors  Acceptance  Corporation  (GMAC) reported second quarter 1999
consolidated net income of $391 million,  up 7% from $365 million earned in
the second quarter of 1998, GMAC Chairman and President John D. Finnegan
announced  today.  Net income for the first six months of 1999 was $783
million, up 10% from $714 million reported in the same period a year ago.

For the quarter,  net income from  automotive  financing  operations  of $275
million was down 5% from $288  million  earned last year because of a
significantly  lower effective  income tax rate a year ago. On a pre-tax
basis,  earnings of $464 million were up 11% from $417 million earned in the
second quarter of 1998 due to increased asset levels.

GMAC Insurance  Holdings,  Inc. generated net income of $50 million in the
second quarter of 1999, down 7% from $54 million earned last year.  Earnings
were reduced by lower underwriting results in the current quarter, partially
offset by higher capital gains.

GMAC Mortgage Group, Inc.  generated second quarter earnings of $66 million,
an increase of $43 million from last year.  Earnings were higher  primarily
due to the impact of continued  improved  liquidity in the capital markets
coupled with unusually low earnings in the second quarter of 1998, which were
negatively impacted by accelerated prepayment experience on mortgage assets.

                                  SIGNATURE

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf the
undersigned hereunto duly authorized.

                                     GENERAL MOTORS ACCEPTANCE CORPORATION
                                     -------------------------------------
                                                  (Registrant)

Dated:     July 20, 1999          By
           -------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller