GMAC Reaches $25 Billion In SmartNotes(SM) Outstandings

BOCA RATON, Fla., Dec. 2, 2003 -- General Motors Acceptance Corporation (GMAC) recently announced that it has exceeded $25 billion in outstandings in its SmartNotes program. SmartNotes (smartnotes.com) are GMAC's fixed-income medium-term securities designed specifically for individual investors.

"SmartNotes offer the investing public an opportunity to participate in GMAC securities specifically tailored to the individual investor," said Robert Zane, GMAC director of Investor Relations, in announcing the milestone. "We are very pleased with the response and interest shown from individual investors for our SmartNotes. We are also highly appreciative of the considerable support of the brokerage community involved with the SmartNotes program," he added.

Introduced in September 1996, SmartNotes are available by prospectus only in increments of $1,000. The purchasing agent is LaSalle Broker Dealer Services Division (LaSalle), a Division of ABN AMRO Financial Services, Inc.

Patrick J. Kelly, LaSalle managing director, noted, "SmartNotes was the first corporate program of its type to offer individual investors a fixed-income product specifically designed to meet their needs. In eight years, SmartNotes has achieved a remarkable acceptance with the individual investor. We applaud SmartNotes and it's continued leadership as the benchmark program specifically designed for individual investors".

SmartNotes are offered weekly to individual investors through LaSalle's Direct Access Notes (DANs) program. DANs include an extensive network of participating broker-dealers. New SmartNotes structures are priced every Friday and generally offered through the following Thursday. Maturity dates normally range from 18 months to 20 years. Payment options include annual, semi-annual, quarterly and monthly interest payment dates. A survivor's option is offered, which gives investors greater flexibility in the coordination of investment and estate planning needs.

SmartNotes are unsecured debt obligations of GMAC and feature both a "non-callable" and a "callable" format. "Callable" notes or bonds are securities that may be recalled from the investor by GMAC at some future defined date at a defined amount (plus accrued interest), but prior to the otherwise stated maturity date.

ABN AMRO Financial Services, Inc. is the Purchasing Agent for the SmartNotes program. The Co-Agent group includes A.G. Edwards & Sons, Inc., Charles Schwab & Co., Inc., Citigroup, Edward D. Jones & Co., L.P., Fidelity Capital Markets, Merrill Lynch & Co., Morgan Stanley, UBS Financial Services, Inc., and Wachovia Securities LLC. In addition, SmartNotes are also available through more than 500 participating NASD member brokerage firms.

Investors interested in SmartNotes should contact a licensed broker for a prospectus and more details or call 888-271-4066.

General Motors Acceptance Corporation, a wholly owned subsidiary of General Motors Corp. , is one of the world's largest financial services companies with 29,000 employees in 41 countries. Earnings in 2002 were $1.87 billion, from automotive financing, insurance, commercial and residential mortgages, real estate services and commercial finance. More information on GMAC Financial Services is available at gmacfs.com

Based in Boca Raton, Fla., LaSalle Broker Dealer Services Division (LaSallebonds.com) is a leading educator and distributor of taxable fixed-income products and services to the broker-dealer community. LaSalle offers a complete fixed-income marketing program featuring brochures, computer presentations and Web-based marketing support designed to help traders and sales representatives market fixed-income securities.

LaSalle Broker Dealer Services Division is comprised of divisions from LaSalle Bank N.A. (member FDIC) and its wholly owned non-bank subsidiary, ABN AMRO Financial Services Inc. (member NASD/SIPC). LaSalle Bank N.A. is one of the Midwest's largest banks with nearly $58 billion in assets and is headquartered in Chicago. LaSalle Bank N.A. is an indirect subsidiary of Netherlands-based ABN AMRO* Bank N.V., one of the world's largest banks with total assets of over EUR 614 billion and a presence in more than 3,400 locations in over 60 countries and territories.

This announcement is neither an offer to sell nor a solicitation of an offer to buy investment products.

*Editor's Note: ABN AMRO is spelled correctly and should always appear in all capital letters.

Direct Access Notes(SM) and DANs(SM) are service marks of LaSalle Broker Dealer Services Division.