FRN Variable Rate Fix

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RNS Number:0311L
GMAC,Australia(Finance)Ld
2 October 2001


RE:  GMAC AUSTRALIA(FINANCE) LTD
     JPY 1,000,000,000 EMTN
     DUE: 04 OCTOBER 2005
     ISIN: XS0118236701


PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 04OCT01 TO 04JAN02 HAS 
BEEN FIXED AT 0.245 PCT PER ANNUM.

INTEREST PAYABLE VALUE 04JAN02 WILL AMOUNT TO:
JPY 3,131 PER JPY 5,000,000 DENOMINATION.
______________________________________________________________________________


IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON 
TEL: 44 207 508 3857 OR FAX: 44 207 508 3881.


RATEFIX DESK
CITIBANK N.A., LONDON

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