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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 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): (07-16-2002)


                         Commission file number: 1-3754


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



                  Delaware                               38-0572512
        (State or other jurisdiction of                (I.R.S. Employer
        incorporation or organization)                Identification No.)


                             200 Renaissance Center
                         P.O. Box 200 Detroit, Michigan
                                   48265-2000
                    (Address of principal executive offices)
                                   (Zip Code)

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








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<PAGE>






ITEM 5.  OTHER EVENTS


                    GMAC SECOND QUARTER 2002 EARNINGS SUMMARY


General Motors Acceptance  Corporation (GMAC) earned  consolidated net income in
the second  quarter  of 2002 of $431  million,  down 4% from the  record  second
quarter  earnings of $449 million  reported a year ago. Net income for the first
six months of 2002 was $870  million,  down $10  million  from the $880  million
reported  in the same period a year ago,  excluding  the  favorable  $34 million
one-time transition adjustment from the adoption of SFAS No. 133, Accounting for
Derivative  Instruments and Hedging Activities,  as amended.  All comparisons to
the  quarter  a year  ago  exclude  the  favorable  impact  of  this  transition
adjustment.

For the second  quarter of 2002, net income from  financing  operations  totaled
$347 million,  down 4% from the $360 million  earned in the same period of 2001.
This decline in earnings reflects higher credit losses and unfavorable borrowing
spreads,  which more than  offset the  positive  impact of higher  retail  asset
levels in North America.

GMAC Insurance Holdings,  Inc. generated net income of $26 million in the second
quarter of 2002,  down $15 million from the same period of 2001.  The decline is
largely  accounted  for by the absence of capital gains  reflecting  weak equity
markets, which more than offset a continued improvement in underwriting results.

GMAC Mortgage  Group,  Inc. earned $58 million in the second quarter of 2002, up
from the $48 million  earned in the same period last year.  The higher  earnings
reflect  increased  production  volumes in both the  residential  and commercial
mortgage  sectors,  which were  partially  offset by a reduction in the value of
mortgage  servicing  rights  given  changes  in actual  and  expected  levels of
mortgage prepayments.


                                   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 ACCEPTANCE CORPORATION
                                     -------------------------------------
                                     (Registrant)



Dated:        July 16, 2002          s/   WILLIAM F. MUIR
              -------------          -------------------------------------
                                     William F. Muir
                                     Executive Vice President,
                                     Chief Financial Officer and Director


Dated:        July 16, 2002          s/   LINDA K. ZUKAUCKAS
              -------------          ------------------------------------
                                     Linda K. Zukauckas
                                     Controller and Principal Accounting Officer
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{"company-data": {"conformed-name": "GENERAL MOTORS ACCEPTANCE CORP", "cik": "0000040729", "assigned-sic": "6172", "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": "02703850"}, "business-address": {"street1": "MAIL CODE: 482-B08-B82", "street2": "200 RENAISSANCE CENTER", "city": "DETROIT", "state": "MI", "zip": "48265", "phone": "3136654353"}}
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 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): (07-16-2002)

                         Commission file number: 1-3754

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

                  Delaware                               38-0572512
        (State or other jurisdiction of                (I.R.S. Employer
        incorporation or organization)                Identification No.)

                             200 Renaissance Center
                         P.O. Box 200 Detroit, Michigan
                                   48265-2000
                    (Address of principal executive offices)
                                   (Zip Code)

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

================================================================================
ITEM 5.  OTHER EVENTS

                    GMAC SECOND QUARTER 2002 EARNINGS SUMMARY

General Motors Acceptance  Corporation (GMAC) earned  consolidated net income in
the second  quarter  of 2002 of $431  million,  down 4% from the  record  second
quarter  earnings of $449 million  reported a year ago. Net income for the first
six months of 2002 was $870  million,  down $10  million  from the $880  million
reported  in the same period a year ago,  excluding  the  favorable  $34 million
one-time transition adjustment from the adoption of SFAS No. 133, Accounting for
Derivative  Instruments and Hedging Activities,  as amended.  All comparisons to
the  quarter  a year  ago  exclude  the  favorable  impact  of  this  transition
adjustment.

For the second  quarter of 2002, net income from  financing  operations  totaled
$347 million,  down 4% from the $360 million  earned in the same period of 2001.
This decline in earnings reflects higher credit losses and unfavorable borrowing
spreads,  which more than  offset the  positive  impact of higher  retail  asset
levels in North America.

GMAC Insurance Holdings,  Inc. generated net income of $26 million in the second
quarter of 2002,  down $15 million from the same period of 2001.  The decline is
largely  accounted  for by the absence of capital gains  reflecting  weak equity
markets, which more than offset a continued improvement in underwriting results.

GMAC Mortgage  Group,  Inc. earned $58 million in the second quarter of 2002, up
from the $48 million  earned in the same period last year.  The higher  earnings
reflect  increased  production  volumes in both the  residential  and commercial
mortgage  sectors,  which were  partially  offset by a reduction in the value of
mortgage  servicing  rights  given  changes  in actual  and  expected  levels of
mortgage prepayments.

                                   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 ACCEPTANCE CORPORATION
                                     -------------------------------------
                                     (Registrant)

Dated:        July 16, 2002          s/   WILLIAM F. MUIR
              -------------          -------------------------------------
                                     William F. Muir
                                     Executive Vice President,
                                     Chief Financial Officer and Director

Dated:        July 16, 2002          s/   LINDA K. ZUKAUCKAS
              -------------          ------------------------------------
                                     Linda K. Zukauckas
                                     Controller and Principal Accounting Officer