File No. 333-109287 U.S.$15,000,000,000 GENERAL MOTORS ACCEPTANCE CORPORATION SMARTNOTES(SM) DUE FROM NINE MONTHS TO THIRTY YEARS FROM DATE OF ISSUE Unless otherwise specified in an applicable pricing supplement, the SmartNotes will not be listed on any securities exchange, and there can be no assurance that the SmartNotes offered will be sold or that there will be a secondary market for the SmartNotes. The Agents have advised us that they may from time to time purchase and sell SmartNotes in the secondary market, but the Agents are not obligated to do so. No termination date for the offering of the SmartNotes has been established. Pricing Supplement No. 27 Trade Date: 05/06/2004 (To Prospectus dated October 24, 2003) Issue Date: 05/11/2004 The date of this Pricing Supplement is May 6, 2004 CUSIP Stated or Interest Price to Selling Common Code Rate Maturity Public (1) Concession ----------- -------- -------- -------- ----------- 3704A 0KM3 2.500% 11/15/2005 100% 0.1250% 3704A 0KN1 3.100% 05/15/2006 100% 0.3000% 3704A 0KP6 3.750% 05/15/2007 100% 0.4500% 3704A 0KQ4 4.850% 05/15/2009 100% 0.7500% 3704A 0KR2 Float (2) 05/15/2011 100% 1.0000% 3704A 0KS0 Step (3) 05/15/2016 100% 1.4000% 3704A 0KT8 6.500% 05/15/2019 100% 1.6000% Payment Survivor's Subject to Redemption Frequency Option Yes/No Date and terms of redemption --------- ---------- ----------------------------------------- Monthly Yes No Quarterly Yes No Monthly Yes No Quarterly Yes No Quarterly Yes No Semi-Annual Yes Yes Callable at 100% on 05/15/2007 and every coupon date thereafter. Semi-Annual Yes Yes Callable at 100% on 05/15/2007 and every coupon date thereafter. (1) Actual Price to Public may be less, and will be determined by prevailing market prices at the time of purchase as set forth in the confirmation sheet. (2) 3704A0KR2: 3-Month T-Bills + 170 bps, reset quarterly, No Cap (3) 3704A0KS0: 5.35% for 3 yrs., 7.00% thereafter The co-agent name Edward Jones & Co., L.P. on the prospectus dated October 24, 2003 should read Edward D. Jones & Co., L.P. Per Note Total -------- ----- Public Offering Price ..... 100.00% $15,000,000,000 Agents' Discounts and Concessions ........... .20%-2.50% $30,000,000-$375,000,000 Proceeds, before expenses, to General Motors Acceptance Corporation ............... 97.50%-99.80% $14,625,000,000-$14,970,000,000 (SM) Service Mark of General Motors Acceptance Corporation NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR DETERMINED IF THIS PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. __________________ ABN AMRO FINANCIAL SERVICES, INC. A.G. EDWARDS & SONS, INC. CHARLES SCHWAB & CO., INC. CITIGROUP EDWARD D. JONES & CO., L.P. FIDELITY CAPITAL MARKETS a division of National Financial Services LLC MERRILL LYNCH & CO. MORGAN STANLEY UBS FINANCIAL SERVICES INC. WACHOVIA SECURITIES LLC October 24, 2003