RNS No 1587f
GMAC AUSTRALIA FINANCE LIMITED
17 August 1999

RE:      GMAC AUSTRALIA FINANCE LTD
         USD 25,000,000 EMTN
         MATURING 19 MAY 2000
         ISIN: XS0076564243

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
19AUG99 TO 19NOV99 HAS BEEN FIXED AT 5.5525  PCT.

INTEREST PAYABLE VALUE 19NOV99 WILL AMOUNT TO
USD 1,418.97  PER USD 100,000 DENOMINATION.
-----------------------------------------------------------
IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK
ON TEL: 44 171 508 3857 OR FAX:  44 171 508 3881.

RATE FIX DESK
CITIBANK N.A. LONDON

END

RC ABAWKKBKWAAR
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