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 Year-End Earnings
                        --------------------------------



General Motors  Acceptance  Corporation  (GMAC) reported 1998  CONSOLIDATED  NET
INCOME of $1,325  MILLION,  up 2% from the $1,301 million  earned in 1997,  GMAC
President  John D. Finnegan  announced  today.  These  earnings were the highest
recorded  by GMAC  since  1991 and  represent  the  fourth  consecutive  year of
increased earnings.

In 1998, NET INCOME FROM AUTOMOTIVE  FINANCING  OPERATIONS totaled $984 MILLION,
up 8% from the $910 million  earned in 1997.  Earnings were higher due to retail
asset  growth,  reduced  credit  losses and a lower  effective  income tax rate,
partially  offset by lower net interest  margins and lower wholesale volume (due
to the midsummer General Motors strike).

GMAC  INSURANCE  HOLDINGS INC.  generated net income of $226 MILLION in 1998, up
slightly from $224 million earned last year.

GMAC MORTGAGE GROUP INC. generated net income of $115 MILLION in 1998, down from
$167 million  earned in 1997.  Earnings  were lower largely  reflecting  reduced
mortgage asset values due to higher prepayment levels.

FOURTH  QUARTER GMAC 1998  RESULTS  TOTALED  $298  MILLION,  up 7% from the $279
million  earned in the final quarter of 1997.  For the quarter,  net income from
automotive  financing  operations totaled $200 MILLION,  up 8% from $186 million
earned a year ago. GMAC Insurance's earnings for the fourth quarter 1998 totaled
$38  MILLION,  compared to $54 million  earned in the same quarter one year ago.
GMAC Mortgage Group earnings were $60 MILLION, up 52% from one year ago.


                                    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 20, 1998          By
           ----------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller
[{"type": "8-K", "sequence": "1", "description": "YEAR END EARNINGS", "secsgml_size_bytes": 3640}]
{"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": "99509349"}, "business-address": {"street1": "3044 W GRAND BLVD", "city": "DETROIT", "state": "MI", "zip": "48202", "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:  (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 Year-End Earnings
                        --------------------------------

General Motors  Acceptance  Corporation  (GMAC) reported 1998  CONSOLIDATED  NET
INCOME of $1,325  MILLION,  up 2% from the $1,301 million  earned in 1997,  GMAC
President  John D. Finnegan  announced  today.  These  earnings were the highest
recorded  by GMAC  since  1991 and  represent  the  fourth  consecutive  year of
increased earnings.

In 1998, NET INCOME FROM AUTOMOTIVE  FINANCING  OPERATIONS totaled $984 MILLION,
up 8% from the $910 million  earned in 1997.  Earnings were higher due to retail
asset  growth,  reduced  credit  losses and a lower  effective  income tax rate,
partially  offset by lower net interest  margins and lower wholesale volume (due
to the midsummer General Motors strike).

GMAC  INSURANCE  HOLDINGS INC.  generated net income of $226 MILLION in 1998, up
slightly from $224 million earned last year.

GMAC MORTGAGE GROUP INC. generated net income of $115 MILLION in 1998, down from
$167 million  earned in 1997.  Earnings  were lower largely  reflecting  reduced
mortgage asset values due to higher prepayment levels.

FOURTH  QUARTER GMAC 1998  RESULTS  TOTALED  $298  MILLION,  up 7% from the $279
million  earned in the final quarter of 1997.  For the quarter,  net income from
automotive  financing  operations totaled $200 MILLION,  up 8% from $186 million
earned a year ago. GMAC Insurance's earnings for the fourth quarter 1998 totaled
$38  MILLION,  compared to $54 million  earned in the same quarter one year ago.
GMAC Mortgage Group earnings were $60 MILLION, up 52% from one year ago.

                                    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 20, 1998          By
           ----------------
                                     s/  Gerald E. Gross
                                     -------------------------------------
                                     Gerald E. Gross, Comptroller