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: (07-17-2001)


                      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.)

              200 Renaissance Center, Detroit, Michigan 48265-2000
             -------------------------------------------------------

                                  313-665-6266
              -----------------------------------------------------
              (Registrant's telephone number, including area code)


<PAGE>

ITEM 5.  OTHER EVENTS

                     GMAC 2ND QUARTER 2001 EARNINGS SUMMARY

General Motors Acceptance  Corporation (GMAC) earned  consolidated net income in
the second quarter of 2001 of $449 million,  up 14% from the $395 million earned
in the second quarter of 2000. These earnings  represent a record second quarter
for GMAC.  Net income for the first six months of 2001 was $914 million,  up 15%
from the $792 million reported in the same period a year ago.

     For the quarter, net income from financing operations totaled $360 million,
up 30% from the $278  million  earned  in the same  period of 2000.  The  strong
results can be  attributed  to higher  asset  levels,  increased  securitization
activity, and the positive impact of lower short-term interest rates, which were
only  partially  offset by higher  credit  losses and lower  off-lease  residual
values.

     GMAC Insurance  Holdings,  Inc.  generated net income of $41 million in the
second quarter of 2001,  down 28% from the $57 million earned in the same period
of 2000. The decrease was primarily due to a timing related reduction in capital
gains.

     GMAC Mortgage Group, Inc. earned $48 million in the second quarter of 2001,
down 20% from the $60 million  earned in the same  period  last year.  The lower
interest rate  environment led to an  acceleration  of loan  prepayments as more
customers   refinanced  their  mortgages  requiring  a  write-down  of  mortgage
servicing rights.  Absent this write-down,  mortgage  operations remained strong
with a significant  increase in mortgage  originations  and record earnings from
GMAC Commercial Mortgage and Residential Funding Corporation (GMAC's residential
mortgage conduit operation).

<PAGE>



                                    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 17, 2001               By  s/  GERALD E. GROSS
                                    -------------------------------------
                                           (Gerald E. Gross, Controller)
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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": "1683240"}, "business-address": {"street1": "200 RENAISSANCE CENTER", "city": "DETROIT", "state": "MI", "zip": "48265", "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: (07-17-2001)

                      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.)

              200 Renaissance Center, Detroit, Michigan 48265-2000
             -------------------------------------------------------

                                  313-665-6266
              -----------------------------------------------------
              (Registrant's telephone number, including area code)
ITEM 5.  OTHER EVENTS

                     GMAC 2ND QUARTER 2001 EARNINGS SUMMARY

General Motors Acceptance  Corporation (GMAC) earned  consolidated net income in
the second quarter of 2001 of $449 million,  up 14% from the $395 million earned
in the second quarter of 2000. These earnings  represent a record second quarter
for GMAC.  Net income for the first six months of 2001 was $914 million,  up 15%
from the $792 million reported in the same period a year ago.

     For the quarter, net income from financing operations totaled $360 million,
up 30% from the $278  million  earned  in the same  period of 2000.  The  strong
results can be  attributed  to higher  asset  levels,  increased  securitization
activity, and the positive impact of lower short-term interest rates, which were
only  partially  offset by higher  credit  losses and lower  off-lease  residual
values.

     GMAC Insurance  Holdings,  Inc.  generated net income of $41 million in the
second quarter of 2001,  down 28% from the $57 million earned in the same period
of 2000. The decrease was primarily due to a timing related reduction in capital
gains.

     GMAC Mortgage Group, Inc. earned $48 million in the second quarter of 2001,
down 20% from the $60 million  earned in the same  period  last year.  The lower
interest rate  environment led to an  acceleration  of loan  prepayments as more
customers   refinanced  their  mortgages  requiring  a  write-down  of  mortgage
servicing rights.  Absent this write-down,  mortgage  operations remained strong
with a significant  increase in mortgage  originations  and record earnings from
GMAC Commercial Mortgage and Residential Funding Corporation (GMAC's residential
mortgage conduit operation).
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 17, 2001               By  s/  GERALD E. GROSS
                                    -------------------------------------
                                           (Gerald E. Gross, Controller)