GMAC Australia (Fin) - FRN Variable Rate Fix

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RNS Number:1539D
GMAC,Australia(Finance)Ld
29 December 1999

RE:   GMAC AUSTRALIA (FINANCE) LTD
      GBP 6,000,000 EMTN
      MATURITY: AUGUST 2003
      ISIN: XS0086004735

THIS IS TO FORMALLY ADVISE YOU THAT THE INTEREST RATE FOR THE 
PERIOD  29DEC99 TO 28JAN00 HAS BEEN FIXED AT  5.51172 PCT PER ANNUM. 

THE COUPON AMOUNT DUE 28JAN00 WILL AMOUNT TO:
GBP  453.02  PER GBP 100,000 DENOMINATION.
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IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
44 0171 508 3857 OR FAX 44 171 508 3881.


RATE FIX DESK
CITIBANK N.A. LONDON

END
RC AKSNKKWKUUAA

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