<SUBMISSION>
<ACCESSION-NUMBER>0000040729-97-000135
<TYPE>424B3
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>19970729
<SROS>NONE
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>GENERAL MOTORS ACCEPTANCE CORP
<CIK>0000040729
<ASSIGNED-SIC>6141
<IRS-NUMBER>380572512
<STATE-OF-INCORPORATION>NY
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>424B3
<ACT>33
<FILE-NUMBER>333-17943
<FILM-NUMBER>97646679
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3044 W GRAND BLVD
<CITY>DETROIT
<STATE>MI
<ZIP>48202
<PHONE>3135565000
</BUSINESS-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<DESCRIPTION>MT PRICING SUPP ML0723
<TEXT>

Pricing Supplement Dated July 23, 1997                      Rule 424(b)(3)
(To Prospectus Dated December 19, 1996)                     File No. 333-17943

                      GENERAL MOTORS ACCEPTANCE CORPORATION
                          Medium-Term Notes - Fixed Rate
____________________________________________________________________________
Agent:                       Merrill Lynch & Co.
Principal Amount:            $5,000,000
Agent's Discount
  or Commission:             $62,500
Net Proceeds to Company:     $4,937,500 
Interest Rate:               6.34% per annum
Issue Date:                  08/08/97 
Maturity Date:               09/15/04 
Interest Payment Dates:      The 15th day of each month and at Maturity, 
                             commencing September 15, 1997, and ending on the 
                             Maturity Date.
____________________________________________________________________________

Calculation Agent:  GMAC

Interest Calculation:
      /X/  Regular Fixed Rate Note

Day Count Convention:
      / / Actual/360 for the period from   /  /   to  /  /     
      / / Actual/Actual for the period from  / /   to  / /  
      /X/ 30/360 for the period from 08/08/97 to 09/15/04

Redemption:
      /X/ The Notes cannot be redeemed prior to the Stated Maturity Date.
      / / The Notes may be redeemed prior to Stated Maturity Date.
      / / Initial Redemption Date:
          Initial Redemption Percentage: ___%
          Annual Redemption Percentage Reduction:  ___% until Redemption
          Percentage is 100% of the Principal Amount.

Repayment:
      /X/ The Notes cannot be repaid prior to the Maturity Date.
      / / The Notes can be repaid prior to the Maturity Date at the option of
          the holder of the Notes. (See Below)
      / / Optional Repayment Date(s):
           Repayment Price:    %

Currency:
      Specified Currency: U.S. (If other than U.S. dollars, see attached)
      Minimum Denominations: ___________ (Applicable only if Specified
      Currency is other than U.S. dollars)

Original Issue Discount:  / / Yes	/X/ No
      Total Amount of OID:          Yield to Maturity:
      Initial Accrual Period:

Form:  /X/  Book-Entry             / /  Certificated

Other:
      Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated 
      has purchased the Notes as principal at a discount, for resale to       
      investors and other purchasers at varying prices related to prevailing 
      market prices at the time of resale.
 



 

 



</TEXT>
</DOCUMENT>
</SUBMISSION>
