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:  (1-30-98)

                    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 Credit Ratings Upgraded
                         ----------------------------



On January 27, 1998  Standard & Poor's (S&P),  raised the credit  ratings of the
Company and its parent, General Motors Corporation (GM).

The S&P rating of the  Company's  senior debt was  upgraded  from A- to A, sixth
highest among ten investment grade ratings  available.  The A rating is assigned
to  bonds  considered  to have a  strong  capacity  to pay  interest  and  repay
principal.

The Company's  commercial paper was upgraded from A-2 to A-1, the second highest
of four ratings,  reflecting that the degree of safety  regarding timely payment
is very strong for senior  short-term  debt  obligations  and assured ability to
access alternative sources of liquidity. Additional repayment characteristics of
debt issues  receiving this premium rating include  leading market position in a
well  established  industry,  high rates of return on funds employed,  and broad
margins in earnings coverage of fixed financial charges.

The Company is pleased with the  upgraded  ratings as it expects to benefit from
increased  competitiveness  resulting from enhanced  financial  flexibility  and
lower borrowing costs.

At  this  date,  the  Company  is not  under  review  by  any of the  nationally
recognized statistical rating agencies.  Additional disclosures regarding credit
ratings are provided on Pages 14 and 15 of the  Company's  Annual Report on Form
10-K for the year ended December 31, 1996,  filed with the Commission  March 14,
1997.


                                  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:     January 28, 1998          By
           ----------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller
[{"type": "8-K", "sequence": "1", "description": "CREDIT RATINGS UPGRADED", "secsgml_size_bytes": 3551}]
{"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": "98518123"}, "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:  (1-30-98)

                    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 Credit Ratings Upgraded
                         ----------------------------

On January 27, 1998  Standard & Poor's (S&P),  raised the credit  ratings of the
Company and its parent, General Motors Corporation (GM).

The S&P rating of the  Company's  senior debt was  upgraded  from A- to A, sixth
highest among ten investment grade ratings  available.  The A rating is assigned
to  bonds  considered  to have a  strong  capacity  to pay  interest  and  repay
principal.

The Company's  commercial paper was upgraded from A-2 to A-1, the second highest
of four ratings,  reflecting that the degree of safety  regarding timely payment
is very strong for senior  short-term  debt  obligations  and assured ability to
access alternative sources of liquidity. Additional repayment characteristics of
debt issues  receiving this premium rating include  leading market position in a
well  established  industry,  high rates of return on funds employed,  and broad
margins in earnings coverage of fixed financial charges.

The Company is pleased with the  upgraded  ratings as it expects to benefit from
increased  competitiveness  resulting from enhanced  financial  flexibility  and
lower borrowing costs.

At  this  date,  the  Company  is not  under  review  by  any of the  nationally
recognized statistical rating agencies.  Additional disclosures regarding credit
ratings are provided on Pages 14 and 15 of the  Company's  Annual Report on Form
10-K for the year ended December 31, 1996,  filed with the Commission  March 14,
1997.

                                  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:     January 28, 1998          By
           ----------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller