SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* GOTTSCHALK THOMAS A (Last) (First) (Middle) 300 RENAISSANCE CENTER, P.O. BOX 300 MAIL CODE: 482-C38-B71 (Street) DETROIT MI 482653000 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol GENERAL MOTORS CORP [ GM ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP & General Counsel
	3. Date of Earliest Transaction (Month/Day/Year) 01/23/2004
	4. If Amendment, Date of 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

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	01/23/2004		A(1)		16,175	A	$0(1)	65,987	D
General Motors Common Stock, $1-2/3 Par Value	01/23/2004		F(1)		6,559	D	$53.92(1)	59,428	D
General Motors Common Stock, $1-2/3 Par Value	01/23/2004		A(1)		6,009	A	$0(1)	65,437	D
General Motors Common Stock, $1-2/3 Par Value	01/23/2004		F(1)		2,437	D	$53.92(1)	63,000	D
General Motors Common Stock, $1-2/3 Par Value								2,616	I	Trust(2)

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 Securities Underlying Derivative Security (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: 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 Stock $1-2/3 Par Value Option (Right to Buy)(3)	$53.92	01/23/2004		A(3)		72,000		01/23/2005(3)	01/24/2014	General Motors Common Stock, $1-2/3 Par Value	72,000	$0	72,000	D
GM Phantom Stock Units $1-2/3 Par Value Com Stock(4)	$0.00(4)							08/08/1988(4)	08/08/1988(4)	General Motors Common Stock, $1-2/3 Par Value	4,963		4,963	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	43,151		43,151	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	62,971		62,971	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	64,680		64,680	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	71,653		71,653	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	65,000		65,000	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	70,000		70,000	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	90,000		90,000	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	50,000		50,000	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	90,000		90,000	D
GM Stock $1-2/3 Par Value, Restricted Stock Units(5)	$0.00(5)							08/08/1988(5)	08/08/1988(5)	General Motors Common Stock, $1-2/3 Par Value	40,000		40,000	D

Explanation of Responses:

1. Award of Stock pursuant to General Motors Performance Achievement Plan in transaction exempt under Rule 16b-3. A fixed percentage of the shares was withheld by GM to pay appropriate federal, state and local taxes in transaction exempt under Rule 16b-3.

2. 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.

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 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 and the dates of 08/08/88 are fictional and only used for purposes of facilitating the electronic filing of this Form.

5. 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 and the dates of 08/08/88 are fictional and only used for purposes of facilitating the electronic filing of this Form.

Remarks:

	By: Martin I. Darvick - Attorney-in-Fact for	01/26/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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