X0201 42003-12-2210001037388PANAMSAT CORP /NEW/ SPOT0000040730GENERAL MOTORS CORP300 RENAISSANCE CENTERDETROITMI48265-30000010Common Stock, $0.01 par value per share (the 'Common Stock')2003-12-224J0120812175.0000D0IBy Hughes Communications, Inc., a wholly owned indirect subsidiary of General Motors CorporationOn December 22, 2003, General Motors Corporation completed a series of transactions pursuant to which Hughes Electronics Corporation ("Hughes") was separated from General Motors Corporation ("GM") and The News Corporation Limited acquired a 34% interest in Hughes (the "Hughes Transactions"). As a result of the Hughes Transactions, Hughes is no longer a subsidiary of GM, and Hughes Communications, Inc., is no longer an indirect subsidiary of GM. GM received no direct compensation for the disposition of its indirect beneficial ownership of the Common Stock.By: /s/ Martin I. Darvick - Attorney-in-Fact for General Motors Corporation2003-12-23