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:  (10-13-98)

                    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)



<PAGE>



ITEM 5.  OTHER EVENTS


                  GMAC Announces 1998 Third Quarter Earnings
                  ------------------------------------------



General  Motors  Acceptance  Corporation  (GMAC)  reported  third  quarter  1998
consolidated  net income of $313  million,  up from $312  million  earned in the
third quarter of 1997,  GMAC President  John D. Finnegan  announced  today.  Net
income for the first  nine  months of 1998 was $1,027  million,  up from  $1,022
million reported in the same period a year ago.

For the quarter,  net income from automotive  financing  operations totaled $250
million,  up 12% from $222 million earned in the third quarter of 1997. Earnings
were higher due to increased  retail  volume,  reduced credit losses and a lower
effective  income tax rate,  partially  offset by lower net interest margins and
lower wholesale volume (due to the recent General Motors strike).

GMAC  INSURANCE  HOLDINGS INC.  generated net income of $54 million in the third
quarter  of 1998,  up 8% from $50  million  earned in the same period last year.
Earnings were higher due to the inclusion of Integon  Corporation  and increased
capital gains.

GMAC MORTGAGE GROUP INC. generated net income of $9 million in the third quarter
of 1998  compared to $40 million  earned in the same period last year.  Earnings
were lower primarily due to widening credit spreads and increasing  prepayments,
which have reduced the value of its mortgage inventory and investment positions.



                                  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:     October 13, 1998          By
           ----------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller
[{"type": "8-K", "sequence": "1", "description": "3RD QUARTER EARNINGS", "secsgml_size_bytes": 3414}]
{"company-data": {"conformed-name": "GENERAL MOTORS ACCEPTANCE CORP", "cik": "0000040729", "assigned-sic": "6141", "irs-number": "380572512", "state-of-incorporation": "NY", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-03754", "film-number": "98724573"}, "business-address": {"street1": "3044 W GRAND BLVD", "city": "DETROIT", "state": "MI", "zip": "48202", "phone": "3135565000"}}
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:  (10-13-98)

                    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 1998 Third Quarter Earnings
                  ------------------------------------------

General  Motors  Acceptance  Corporation  (GMAC)  reported  third  quarter  1998
consolidated  net income of $313  million,  up from $312  million  earned in the
third quarter of 1997,  GMAC President  John D. Finnegan  announced  today.  Net
income for the first  nine  months of 1998 was $1,027  million,  up from  $1,022
million reported in the same period a year ago.

For the quarter,  net income from automotive  financing  operations totaled $250
million,  up 12% from $222 million earned in the third quarter of 1997. Earnings
were higher due to increased  retail  volume,  reduced credit losses and a lower
effective  income tax rate,  partially  offset by lower net interest margins and
lower wholesale volume (due to the recent General Motors strike).

GMAC  INSURANCE  HOLDINGS INC.  generated net income of $54 million in the third
quarter  of 1998,  up 8% from $50  million  earned in the same period last year.
Earnings were higher due to the inclusion of Integon  Corporation  and increased
capital gains.

GMAC MORTGAGE GROUP INC. generated net income of $9 million in the third quarter
of 1998  compared to $40 million  earned in the same period last year.  Earnings
were lower primarily due to widening credit spreads and increasing  prepayments,
which have reduced the value of its mortgage inventory and investment positions.

                                  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:     October 13, 1998          By
           ----------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller