EXHIBIT 12(a)

GENERAL MOTORS CORPORATION AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

	Six Months Ended June 30,						Years Ended December 31,
	2003			2002			2002			2001		2000		1999		1998
	(dollars in millions)
Income from continuing operations	$	2,384		$	1,520		$	1,736		$	601	$	4,452	$	5,576	$	3,049
Income taxes		921			688			533			768		2,393		3,118		1,636
(Income)/losses of and dividends from nonconsolidated associates		(47	)		(24	)		(43	)		183		350		375		337
Amortization of capitalized interest		35			37			73			73		69		66		68
Income from continuing operations before income taxes, undistributed income of nonconsolidated associates, and capitalized interest		3,293			2,221			2,299			1,625		7,264		9,135		5,090
Fixed charges included in income from continuing operations
Interest and related charges on debt		4,393			4,190			8,327			8,527		9,475		7,642		6,441
Portion of rentals deemed to be interest		186			154			318			330		341		284		251
Total fixed charges included in income from continuing operations		4,579			4,344			8,645			8,857		9,816		7,926		6,692
Earnings available for fixed charges	$	7,872		$	6,565		$	10,944		$	10,482	$	17,080	$	17,061	$	11,782
Fixed charges
Fixed charges included in income from continuing operations	$	4,579		$	4,344		$	8,645		$	8,857	$	9,816	$	7,926	$	6,692
Interest capitalized in the period		88			99			191			171		137		95		110
Total fixed charges	$	4,667		$	4,443		$	8,836		$	9,028	$	9,953	$	8,021	$	6,802
Ratio of earnings to fixed charges		1.69			1.48			1.24			1.16		1.72		2.13		1.73