UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                            Washington, DC 20549-1004



                                    FORM 8-K

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



          Date of Report (Date of earliest event reported) May 4, 2005



                           GENERAL MOTORS CORPORATION
                           --------------------------
             (Exact Name of Registrant as Specified in its Charter)



         STATE OF DELAWARE                  1-143           38-0572515
         -----------------                  -----           ----------
     (State or other jurisdiction of     (Commission     (I.R.S. Employer
     Incorporation or Organization)      File Number)   Identification No.)

     300 Renaissance Center,                              48265-3000
     Detroit, Michigan                                     (Zip Code)
     ----------------------------------------------------------------------
                    (Address of Principal Executive Offices)



        Registrant's telephone number, including area code (313) 556-5000
                                                           --------------








================================================================================

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))




<PAGE>

ITEM 8.01   OTHER ITEMS

On May 4, 2005, General Motors Acceptance Corporation (GMAC), a wholly owned
subsidiary of General Motors Corporation (GM) issued a press release announcing
the restructuring of its residential mortgage operations. A copy of the press
release issued by GMAC follows:

              GMAC CAPITALIZES NEW RESIDENTIAL MORTGAGE SUBSIDIARY;
                  ELECTS JACOB AND MELZER TO BOARD OF DIRECTORS

DETROIT - General Motors Acceptance Corporation (GMAC), the financial services
subsidiary of General Motors Corporation (NYSE: GM), announced it has
restructured its residential mortgage operations. GMAC transferred ownership of
GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to
Residential Capital Corporation (ResCap), its recently formed holding company,
in a move to provide additional operational and financial flexibility and to
enhance the liquidity of these operations. GMAC also contributed $2 billion of
equity to ResCap in connection with this restructuring. The transaction had no
cash impact on the entities involved, but did reduce ResCap's leverage ratio, as
GMAC converted some of its inter-company debt to equity.

GMAC also announced new additions to the ResCap Board of Directors. Two
independent directors have been named to the board, bringing the total number of
ResCap directors to nine. They are Thomas Jacob, retired chairman and CEO of
Chase Manhattan Mortgage Corporation, and Thomas Melzer, co-founder and managing
director of RiverVest Venture Partners. Jacob was also appointed chairman of the
Audit Committee of ResCap.

ResCap is seeking a stand-alone credit rating and expects to execute an
operating agreement among itself, GM, and GMAC during the second quarter of
2005. The restructuring, separate capital structure, independent directors and
other corporate governance arrangements are intended to facilitate enhanced
liquidity and cost effectiveness of the financing of ResCap's mortgage
operations. With separate liquidity and funding of ResCap, GMAC also benefits
through reduced funding requirements for its residential mortgage operations.

ResCap is a wholly owned indirect subsidiary of GMAC and is separate from GMAC
Commercial Mortgage Corporation. GM and GMAC have no intention of divesting, in
whole or in part, their residential mortgage operations.

Thomas Jacob, 66, served as chairman and/or CEO of Chase Manhattan Mortgage
Corporation (previously Chemical Mortgage Corporation), one of the largest real
estate finance companies in the U.S., for the period between 1992 and 2002.
Prior to that, he headed the Branch Banking and Credit Card businesses of
Chemical Bank. Jacob has over 25 years of experience in banking, consumer
credit, real estate finance and business integration. He received his M.B.A.
from Columbia University, New York.

Thomas Melzer, 60, is co-founder and managing director of RiverVest Venture
Partners in St. Louis. Prior to founding RiverVest, Melzer was president and CEO
of the Federal Reserve Bank of St. Louis, where he directed its involvement in
the formulation of monetary policy, the supervision of banks, and the provision
of payments services to depository institutions. In addition, he served on the
Federal Open Market Committee (FOMC), the Federal Reserve System's chief
monetary policymaking body. Before joining the Fed, Melzer was a managing
director of Morgan Stanley & Co. Incorporated, where he spent 16 years. During
his career, he was in corporate finance, real estate finance and investment, and
eventually headed the U.S. Government Securities Department, overseeing the
development of money market, financial futures and options groups. He received
his M.B.A. and B.S. in electrical engineering from Stanford University.


<PAGE>


Jacob and Melzer join the current board members: David M. Applegate, co-CEO of
ResCap, Eric A. Feldstein, chairman of GMAC, Sanjiv Khattri, CFO of GMAC, Davee
L. Olson, CFO of ResCap, Bruce J. Paradis, co-CEO of ResCap , David C. Walker,
group vice president of GMAC, and Linda K. Zukauckas, corporate controller of
GMAC.

                                      # # #

General Motors Acceptance Corporation and its subsidiaries, operating under the
umbrella GMAC Financial Services, provide automotive financing, commercial
finance, insurance and mortgage products, and real estate services, and have a
presence in more than 40 nations. A wholly owned subsidiary of General Motors
since 1919, GMAC has extended more than $1.3 trillion in credit to finance more
than 158 million vehicles.

                                      # # #



                                   SIGNATURES

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


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


Date:  May 5, 2005                   By:  /s/PETER R. BIBLE
                                     ---  -----------------
                                          (Peter R. Bible,
                                           Chief Accounting Officer)
[{"type": "8-K", "sequence": "1", "filename": "gmacrecap050405.txt", "description": "RESTRUCTURING OF GMAC RESIDENTIAL MORTGAGE SUB.", "secsgml_size_bytes": 7302}]
{"company-data": {"conformed-name": "GENERAL MOTORS CORP", "cik": "0000040730", "assigned-sic": "3711", "irs-number": "380572515", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-00043", "film-number": "05801413"}, "business-address": {"street1": "300 RENAISSANCE CTR", "street2": "MAIL CODE: 482-C34-D71", "city": "DETROIT", "state": "MI", "zip": "48265-3000", "phone": "3135565000"}, "mail-address": {"street1": "300 RENAISSANCE CTR", "street2": "MAIL CODE: 482-C34-D71", "city": "DETROIT", "state": "MI", "zip": "48265-3000"}}
UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                            Washington, DC 20549-1004

                                    FORM 8-K

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

          Date of Report (Date of earliest event reported) May 4, 2005

                           GENERAL MOTORS CORPORATION
                           --------------------------
             (Exact Name of Registrant as Specified in its Charter)

         STATE OF DELAWARE                  1-143           38-0572515
         -----------------                  -----           ----------
     (State or other jurisdiction of     (Commission     (I.R.S. Employer
     Incorporation or Organization)      File Number)   Identification No.)

     300 Renaissance Center,                              48265-3000
     Detroit, Michigan                                     (Zip Code)
     ----------------------------------------------------------------------
                    (Address of Principal Executive Offices)

        Registrant's telephone number, including area code (313) 556-5000
                                                           --------------

================================================================================

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
    Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
    Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01   OTHER ITEMS

On May 4, 2005, General Motors Acceptance Corporation (GMAC), a wholly owned
subsidiary of General Motors Corporation (GM) issued a press release announcing
the restructuring of its residential mortgage operations. A copy of the press
release issued by GMAC follows:

              GMAC CAPITALIZES NEW RESIDENTIAL MORTGAGE SUBSIDIARY;
                  ELECTS JACOB AND MELZER TO BOARD OF DIRECTORS

DETROIT - General Motors Acceptance Corporation (GMAC), the financial services
subsidiary of General Motors Corporation (NYSE: GM), announced it has
restructured its residential mortgage operations. GMAC transferred ownership of
GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to
Residential Capital Corporation (ResCap), its recently formed holding company,
in a move to provide additional operational and financial flexibility and to
enhance the liquidity of these operations. GMAC also contributed $2 billion of
equity to ResCap in connection with this restructuring. The transaction had no
cash impact on the entities involved, but did reduce ResCap's leverage ratio, as
GMAC converted some of its inter-company debt to equity.

GMAC also announced new additions to the ResCap Board of Directors. Two
independent directors have been named to the board, bringing the total number of
ResCap directors to nine. They are Thomas Jacob, retired chairman and CEO of
Chase Manhattan Mortgage Corporation, and Thomas Melzer, co-founder and managing
director of RiverVest Venture Partners. Jacob was also appointed chairman of the
Audit Committee of ResCap.

ResCap is seeking a stand-alone credit rating and expects to execute an
operating agreement among itself, GM, and GMAC during the second quarter of
2005. The restructuring, separate capital structure, independent directors and
other corporate governance arrangements are intended to facilitate enhanced
liquidity and cost effectiveness of the financing of ResCap's mortgage
operations. With separate liquidity and funding of ResCap, GMAC also benefits
through reduced funding requirements for its residential mortgage operations.

ResCap is a wholly owned indirect subsidiary of GMAC and is separate from GMAC
Commercial Mortgage Corporation. GM and GMAC have no intention of divesting, in
whole or in part, their residential mortgage operations.

Thomas Jacob, 66, served as chairman and/or CEO of Chase Manhattan Mortgage
Corporation (previously Chemical Mortgage Corporation), one of the largest real
estate finance companies in the U.S., for the period between 1992 and 2002.
Prior to that, he headed the Branch Banking and Credit Card businesses of
Chemical Bank. Jacob has over 25 years of experience in banking, consumer
credit, real estate finance and business integration. He received his M.B.A.
from Columbia University, New York.

Thomas Melzer, 60, is co-founder and managing director of RiverVest Venture
Partners in St. Louis. Prior to founding RiverVest, Melzer was president and CEO
of the Federal Reserve Bank of St. Louis, where he directed its involvement in
the formulation of monetary policy, the supervision of banks, and the provision
of payments services to depository institutions. In addition, he served on the
Federal Open Market Committee (FOMC), the Federal Reserve System's chief
monetary policymaking body. Before joining the Fed, Melzer was a managing
director of Morgan Stanley & Co. Incorporated, where he spent 16 years. During
his career, he was in corporate finance, real estate finance and investment, and
eventually headed the U.S. Government Securities Department, overseeing the
development of money market, financial futures and options groups. He received
his M.B.A. and B.S. in electrical engineering from Stanford University.
Jacob and Melzer join the current board members: David M. Applegate, co-CEO of
ResCap, Eric A. Feldstein, chairman of GMAC, Sanjiv Khattri, CFO of GMAC, Davee
L. Olson, CFO of ResCap, Bruce J. Paradis, co-CEO of ResCap , David C. Walker,
group vice president of GMAC, and Linda K. Zukauckas, corporate controller of
GMAC.

                                      # # #

General Motors Acceptance Corporation and its subsidiaries, operating under the
umbrella GMAC Financial Services, provide automotive financing, commercial
finance, insurance and mortgage products, and real estate services, and have a
presence in more than 40 nations. A wholly owned subsidiary of General Motors
since 1919, GMAC has extended more than $1.3 trillion in credit to finance more
than 158 million vehicles.

                                      # # #

                                   SIGNATURES

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

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

Date:  May 5, 2005                   By:  /s/PETER R. BIBLE
                                     ---  -----------------
                                          (Peter R. Bible,
                                           Chief Accounting Officer)