<SUBMISSION>
<ACCESSION-NUMBER>0000040729-98-000132
<TYPE>424B3
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>19980722
<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>98669687
</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>PRICING SUPP MS072198
<TEXT>

Pricing Supplement Dated July 21, 1998                          Rule 424(b)(3)
(To Prospectus Dated December 19, 1996)                     File No. 333-17943

                     GENERAL MOTORS ACCEPTANCE CORPORATION
                       Medium-Term Notes - Floating Rate
____________________________________________________________________________
Agent:                       Morgan Stanley & Co., Inc.
Principal Amount:            $125,000,000
Agent's Discount
  or Commission:             $218,750.00
Net Proceeds to Company:     $124,781,250.00
Initial Interest Rate:       Reset on the Issue Date (also an Interest
                             Reset Date).
Issue Date:                  07/24/98
Maturity Date:               07/24/00
____________________________________________________________________________

Calculation Agent:  GMAC

Interest Calculation:
      /X/  Regular Floating Rate Note

      Interest Rate Basis: / / CD Rate             / / Commercial Paper Rate
                           / / Prime Rate          / / Federal Funds Rate
                           /X/ LIBOR (see below)   / / Treasury Rate
                           / / Other
                           (see attached)

      If LIBOR, Designated LIBOR Page / / Reuters Page: / / or 
        /X/ Telerate Page: 3750


Interest Reset Dates:   The 24th of each month commencing July 24, 1998 and 
                        ending June 24, 2000. 

Interest Payment Dates: The 24th of each month commencing August 24, 1998 and 
                        ending  July 24, 2000. 

Index Maturity:         1 Month 
Spread (+/-):           -0.03%

Day Count Convention:
      /X/ Actual/360 for the period from  07/24/98 to 07/24/00   
      / / Actual/Actual for the period from  / /   to  / /  
      / / 30/360 for the period from  / /   to  / /  

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: /X/  Principal                 / /  Agent

 



 

 



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