Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WAGONER G RICHARD JR
  2. Issuer Name and Ticker or Trading Symbol
GENERAL MOTORS CORP [GM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last)
(First)
(Middle)
300 RENAISSANCE CENTER, P.O. BOX 300, MAIL CODE: 482-C38-B71
3. Date of Earliest Transaction (Month/Day/Year)
10/27/2004
(Street)

DETROIT, MI 482653000
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
General Motors Common Stock, $1-2/3 Par Value 10/27/2004   I   1,101 A $ 38.08 16,005 I Trust (1)
General Motors Common Stock, $1-2/3 Par Value               125,935 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
GM Phantom Stock Units $1-2/3 Par Value Com Stock (2) $ 0               (2)   (2) General Motors Common Stock, $1-2/3 Par Value 9,287   9,287 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 40.07             02/05/1997(3) 02/06/2006 General Motors Common Stock, $1-2/3 Par Value 127,918   127,918 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 44.73             02/03/1998(3) 02/04/2007 General Motors Common Stock, $1-2/3 Par Value 130,410   130,410 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 46.59             01/12/1999(3) 01/13/2008 General Motors Common Stock, $1-2/3 Par Value 120,200   120,200 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 71.53             01/11/2000(3) 01/12/2009 General Motors Common Stock, $1-2/3 Par Value 210,350   210,350 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 75.5             01/10/2001(3) 01/11/2010 General Motors Common Stock, $1-2/3 Par Value 200,000   200,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 70.1             06/01/2001(3) 06/02/2010 General Motors Common Stock, $1-2/3 Par Value 50,000   50,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 52.35             01/08/2002(3) 01/09/2011 General Motors Common Stock, $1-2/3 Par Value 400,000   400,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 50.46             01/07/2003(3) 01/08/2012 General Motors Common Stock, $1-2/3 Par Value 500,000   500,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 50.82             02/04/2003(3) 02/05/2012 General Motors Common Stock, $1-2/3 Par Value 100,000   100,000 D  
GM Stock $1-2/3 Par Value Option (Right To Buy) (3) $ 40.05             01/21/2004(3) 01/22/2013 General Motors Common Stock, $1-2/3 Par Value 500,000   500,000 D  
GM Stock $1-2/3 Par Value Option (Right to Buy) (3) $ 53.92             01/23/2005(3) 01/24/2014 General Motors Common Stock, $1-2/3 Par Value 400,000   400,000 D  
GM Stock $1-2/3 Par Value, Restricted Stock (4) $ 0               (4)   (4) General Motors Common Stock, $1-2/3 Par Value 125,000   125,000 D  
Performance Shares - GM Com Stock $1-2/3 Par Value (5) $ 0               (5)   (5) General Motors Common Stock, $1-2/3 Par Value 21,710   21,710 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WAGONER G RICHARD JR
300 RENAISSANCE CENTER, P.O. BOX 300
MAIL CODE: 482-C38-B71
DETROIT, MI 482653000
  X     Chairman & CEO  

Signatures

 By: Martin I. Darvick - Attorney-in-Fact for   10/28/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares held in trust under General Motors Stock Purchase Program as of 12/31/03. State Street Bank & Trust Co., Trustee. Shares owned pursuant to Rule 16b-3 exempt employee savings plan.
(2) The Phantom Stock Units are held under Section 16b-3(c) exempt Rule 16b-3(b)(2) eligible excess benefit plan operated in conjunction with a qualified 401(k) plan. The Units are payable in cash upon separation from General Motors. These Units are being reported even though they are exempt under Rule 16b-3. Units held as of 12/31/03. The price of zero is fictional and only used for purposes of facilitating the electronic filing of this Form.
(3) Employee stock option granted pursuant to Rule 16b-3 qualified General Motors Stock Incentive Plan. Stock option is exercisable in three equal annual installments, commencing, respectively, one, two and three years from the date of initial grant.
(4) The Restricted Stock Units were accrued under the Rule 16b-3 qualified General Motors Annual Incentive Plan. Dividend equivalents are earned on each Restricted Stock Unit. Units held as of 01/23/04. The Restricted Stock Units convert on a '1 for 1' basis. The price of zero is fictional and only used for purposes of facilitating the electronic filing of this Form.
(5) Performance shares will be delivered in stock upon my retirement. Shares originally awarded under Rule 16b-3 qualified GM Performance Achievement Plan in the form of deferred stock units. Dividend equivalents are earned on each Performance Share. Performance Shares held as of 01/23/04. The Performance Shares convert on a '1 for 1 basis.' The price of zero is fictional and only used for purposes of facilitating the electronic filing of this Form.

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